Kite Realty Group
Owns grocery-anchored open-air shopping centers and mixed-use destinations across U.S. growth markets.
Something off on this page? Send us feedback.
Profile
Owns and operates open-air, grocery-anchored shopping centers and mixed-use destinations in Sun Belt and selected U.S. gateway markets. Revenue comes mainly from contractual rents and tenant reimbursements, with most portfolio rent tied to properties that include a grocery component.
Owns and operates open-air, grocery-anchored shopping centers and mixed-use destinations across Sun Belt and selected U.S. gateway markets. Most portfolio rent comes from properties with a grocery component, while mixed-use assets add restaurant, entertainment, office, and residential uses.
Generates revenue mainly from contractual rents and tenant reimbursements. Leasing and property management focus on occupancy, rent growth, and cost recovery; recent asset recycling has sold lower-growth properties and added neighborhood centers. Development and redevelopment rework existing sites and add new space.
Lease income depends on tenant payments and demand for physical retail space. Property cash flow and financing costs also depend on interest rates, redevelopment execution, and access to capital markets.
Company facts
Key statistics
Year to date +9.2% · Average volume (30d) 2.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Keybanc | Downgrade | Overweight | Sector Weight | ||
| Aug 17, 2026 | KeyBanc | Downgrade | Overweight | Sector Weight | ||
| Jul 23, 2026 | Wells Fargo | Reiterate | Overweight | $29 | $32 | |
| Jul 9, 2026 | UBS | Reiterate | Neutral | $28 | $30 | |
| May 26, 2026 | Wells Fargo | Reiterate | Overweight | $25 | $29 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.11 | $0.79 | +624.1% | $197.3M | $193.3M | −2.0% | +0.31% |
| Apr 29, 2026Q1 FY26 | $0.11 | $0.52 | +387.3% | $198.4M | $198.0M | −0.2% | +0.42% |
| Feb 17, 2026Q4 FY25 | $0.09 | $0.51 | +478.0% | $204.5M | $198.2M | −3.1% | −1.55% |
| Oct 29, 2025Q3 FY25 | $0.51 | $0.52 | +2.0% | $204.5M | $205.1M | +0.3% | −1.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $221.8M | $213.4M | $205.1M | $207.4M | $200.7M | $196.3M | |
| Gross profit | $164.2M | $157.9M | $150.8M | −$21.5M | $144.8M | $143.3M | |
| Operating income | $53.8M | $46.6M | $47.3M | $48.2M | $48.3M | $47.1M | |
| Net income | $23.7M | $110.3M | −$16.2M | $180.8M | $11.4M | $161.3M | |
| Diluted EPS | $0.11 | $0.50 | −$0.07 | $0.84 | $0.06 | $0.79 | |
| Gross margin | 74.0% | 74.0% | 73.6% | -10.4% | 72.1% | 73.0% | |
| Operating margin | 24.2% | 21.8% | 23.1% | 23.2% | 24.1% | 24.0% |
Fiscal years (4-quarter sums)FY21 $373.3M · FY22 $802.0M · FY23 $823.0M · FY24 $841.8M · FY25 $847.6M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $144.6M · Total debt $3.42B · Total assets $6.27B · Shareholders' equity $2.87B
Dividends
Raised for 5 straight years — most recently to $0.29 from $0.27 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 9, 2026 | Jul 9 | Jul 16 | $0.29 | |
| Apr 9, 2026 | Apr 9 | Apr 16 | $0.29 | raised from $0.27 |
| Jan 9, 2026 | Jan 9 | Jan 16 | $0.435 | special dividend |
| Oct 9, 2025 | Oct 9 | Oct 16 | $0.27 | |
| Jul 9, 2025 | Jul 9 | Jul 16 | $0.27 | |
| Apr 9, 2025 | Apr 9 | Apr 16 | $0.27 | |
| Jan 10, 2025 | Jan 10 | Jan 16 | $0.27 | raised from $0.26 |
| Oct 9, 2024 | Oct 9 | Oct 16 | $0.26 | raised from $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 200.43M · Float 198.50M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 32.00M | 15.96% | 13F | Aug 7, 2026 |
| Cohen & Steers, Inc. | 26.63M | 13.29% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 18.51M | 9.24% | 13F | Aug 13, 2026 |
| State Street Corp | 11.68M | 5.83% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 9.14M | 4.56% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 26, 2026 | Steven P. Grimes | director | −5,922 | $27.25 |
| Feb 26, 2026 | Charles H. Wurtzebach | director | −7,722 | $26.08 |
| Sep 3, 2025 | John A. Kite | director, officer: Chairman & CEO | −50,000 | $22.70 |
Peers
- Kimco Realty
Largest-scale overlap in open-air grocery-anchored centers
- Regency Centers
Direct grocery-anchored neighborhood-center peer
- Brixmor Property Group
Large national open-air shopping-center competitor
- Federal Realty
Mixed-use and gateway-market retail peer
- Phillips Edison
Focused grocery-anchored neighborhood-center rival
- Acadia Realty Trust
Street and open-air retail overlap in gateway markets
- Urban Edge Properties
Dense-corridor shopping-center and redevelopment peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kite Realty Group | $26.00 | 0.00% | $5.21B | 16.1 | 65.4 | 6.4 | −9.4% |
| Kimco Realty | $23.78 | +0.02% | $16.03B | 26.7 | 27.8 | 7.3 | +4.1% |
| Regency Centers | $75.52 | +0.01% | $13.79B | 21.4 | 29.9 | 8.0 | +5.8% |
| Brixmor Property Group | $29.17 | −0.02% | $8.95B | 20.8 | 28.0 | 6.4 | +4.2% |
| Federal Realty | $116.75 | −0.01% | $10.09B | 23.3 | 37.7 | 7.6 | +4.6% |
| Phillips Edison | $40.00 | +2.43% | $5.02B | 34.0 | 49.5 | 6.7 | +3.8% |
| Acadia Realty Trust | $20.72 | −0.05% | $2.85B | 60.1 | 66.4 | 7.0 | −9.4% |
| Urban Edge Properties | $21.39 | 0.00% | $2.70B | 40.0 | 46.4 | 5.4 | +7.5% |
| Median | 26.7 | 37.7 | 7.0 | +4.2% |