10-K · February 17, 2026
Kite Realty (KRG) emphasizes a grocery-anchored, Sun Belt-focused open-air shopping center strategy and executed active asset recycling, leasing and capital transactions in 2025. Same-property fundamentals improved…
Earnings analysis · 10-Q
KRG earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Kite Realty Group Trust reported Q1 2026 results with total revenue of $200.7 million, representing a decrease of 9.2% compared to $221.1 million in Q1 2025. Despite the revenue decline, the company recorded a diluted…
Read full summary
Kite Realty Group Trust reported Q1 2026 results with total revenue of $200.7 million, representing a decrease of 9.2% compared to $221.1 million in Q1 2025. Despite the revenue decline, the company recorded a diluted EPS of $0.52, surpassing estimates of $0.51, indicating smoother profitability amidst lower sales. Management remains cautious about future challenges due to inflation and market volatility, while programmatic lease agreements offer some stability.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.52
What stood out
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Revenue Exceeds Estimates
Reported revenue of $200.7 million beat consensus estimates of $199.3 million by $1.4 million.
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Positive EPS Surprise
Diluted EPS of $0.52 outperformed estimates of $0.51, highlighting better-than-expected profitability.
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Cost Management Efforts
Total expenses decreased by $9.8 million to $158.3 million, contributing to stable margins despite declining revenue.
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Increased Fee Income
Fee income grew to $1.3 million from $0.4 million year-over-year, reflecting improved management services.
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Strong Lease Activity
Executed 151 leases totaling 707,000 square feet, indicating ongoing tenant interest.
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Interest Expense Reduction
Interest expense decreased by 3.8%, contributing positively to net income stability.
What to watch
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Drop in Rental Income
Rental income fell 9.6%, from $219.2 million to $198 million year-over-year, highlighting potential tenant weaknesses.
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Rising Operating Expenses
Property operating expenses increased by 4.3%, reflecting higher maintenance costs even amid revenue declines.
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High Debt Levels
Total indebtedness stood at $3.0 billion, raising concerns over repayment capacity amid economic uncertainty.
Management's outlook
Management anticipates EPS for 2026 to be in the range of $0.33 to $0.39, with no specific revenue guidance provided.
Earlier filings 4
10-K · February 12, 2025
Kite Realty (KRG) positions itself as a top-five open‑air, grocery‑anchored shopping center REIT focused on high‑growth Sun Belt and select gateway markets, pursuing growth via leasing, redevelopment and selective…
10-Q · July 31, 2024
Kite Realty reported quarter revenue of $212.434M, up $3.675M versus Q2 2023, but swung to an operating loss of $(22.311)M and a net loss of $(49.303)M driven by a $66.201M impairment and higher depreciation and…
10-Q · May 7, 2024
Kite Realty reported revenue of $207.439M for the quarter (up $0.689M vs. Q1 2023) with operating income rising to $39.425M from $30.798M a year ago and net income increasing to $14.436M (net income per share $0.06 vs.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.