Kite Realty Group Trust reported a mix of lower quarterly revenue but higher nine-month net income for Q3 2026, indicating cost discipline and strategic portfolio adjustments. The company's investment narrative focuses on open-air shopping centers in growth markets, with analysts forecasting continued revenue growth and a potential 16% upside to its current price. Key factors to watch include rent commencement timing, funding costs, and tenant stability as the company navigates portfolio shaping and higher interest expenses.
Original sourceKRGNYSEReal Estate
KITE REALTY GROUP TRUST
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Latest price
$25.45
-0.97%
Alpha Vantage · 11/6/2026
Industry: REIT - RetailCategory: Domestic Common Stock Primary ClassCurrency: USDNews: 1 recent
Analyze KRG free One-year price history
Adjusted daily closes · 252 observations · as of Nov 6, 2026
1 month
+7.0%
3 months
-2.5%
6 months
-2.3%
1 year
+21.8%
Year to date
+11.9%
52-week range
$20.88 – $29.47
Fundamental snapshot
Latest reported period: Sep 30, 2026
Market cap
$5.04B
P/E
14.8
P/B
1.8
P/S
6.4
Revenue
$791.38M
Net income
$340.22M
Diluted EPS
1.61
Gross margin
73.00%
Net margin
43.00%
Return on equity
11.80%
Total debt
$2.81B
Cash
$157.07M
Free cash flow
$852.92M
Latest eight reported quarters
Reported quarterly values, newest first
| Period | Revenue | Net income | Gross margin | Net margin | Free cash flow |
|---|---|---|---|---|---|
| Sep 30, 2026 | $190.28M | -$13.3M | 73.00% | -7.00% | $34.69M |
| Jun 30, 2026 | $196.26M | $161.3M | 73.00% | 82.20% | $257.36M |
| Mar 31, 2026 | $200.7M | $11.39M | 72.10% | 5.70% | $21.67M |
| Dec 31, 2025 | $204.15M | $180.82M | 73.90% | 88.60% | $539.2M |
| Sep 30, 2025 | $205.06M | -$16.21M | 73.60% | -7.90% | $104.15M |
| Jun 30, 2025 | $213.4M | $110.32M | 74.00% | 51.70% | $326.83M |
| Mar 31, 2025 | $221.76M | $23.73M | 74.00% | 10.70% | -$38.56M |
| Dec 31, 2024 | $214.72M | $21.82M | 74.50% | 10.20% | $77.39M |
Reported figures can reflect company reporting conventions, restatements, or sector-specific accounting. Verify against filings before relying on a valuation comparison.
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Does Third Quarter Earnings Change The Bull Case For Kite Realty Group Trust Stock?