kite realty group trust is a full-service, vertically-integrated real estate investment trust (reit) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the united states. as of june 30, 2016, the company owned interests in a portfolio of 121 operating, development and redevelopment properties totaling approximately 24 million total square feet across 20 states. our strategy is to maximize the cash flow of our operating properties, successfully complete the construction and lease-up of our development portfolio and identify additional growth opportunities in the form of acquisitions and redevelopments. new investments are focused in the shopping center sector in markets where we currently operate and where we believe we can leverage our existing infrastructure and relationships to generate attractive risk-adjusted returns.
Company profile
Ticker
KRG
Exchange
Website
CEO
John A. Kite
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
113715772
KRG stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Regulation FD Disclosure
30 Apr 24
8-K
Kite Realty Group Trust Reports First Quarter 2024 Operating Results
30 Apr 24
ARS
2023 FY
Annual report to shareholders
16 Apr 24
DEFA14A
Additional proxy soliciting materials
16 Apr 24
DEF 14A
Definitive proxy
16 Apr 24
10-K
2023 FY
Annual report
20 Feb 24
8-K
Regulation FD Disclosure
13 Feb 24
8-K
Kite Realty Group Trust Reports Fourth Quarter and Full Year 2023 Operating Results and Provides 2024 Guidance
13 Feb 24
8-K
Entry into a Material Definitive Agreement
17 Jan 24
Transcripts
KRG
Earnings call transcript
2023 Q4
14 Feb 24
KRG
Earnings call transcript
2023 Q3
31 Oct 23
KRG
Earnings call transcript
2023 Q2
1 Aug 23
KRG
Earnings call transcript
2023 Q2
1 Aug 23
KRG
Earnings call transcript
2023 Q1
2 May 23
KRG
Earnings call transcript
2022 Q4
14 Feb 23
KRG
Earnings call transcript
2022 Q3
3 Nov 22
KRG
Earnings call transcript
2021 Q3
29 Oct 21
KRG
Earnings call transcript
2020 Q2
7 Aug 20
KRG
Earnings call transcript
2020 Q1
10 May 20
Latest ownership filings
4
VICTOR J COLEMAN
2 Apr 24
4
CHARLES H WURTZEBACH
28 Feb 24
144
Notice of proposed sale of securities
26 Feb 24
4
R Fear Heath
21 Feb 24
4
Thomas K McGowan
21 Feb 24
4
John A Kite
21 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
STATE STREET CORP
30 Jan 24
SC 13G/A
BlackRock Inc.
22 Jan 24
4
VICTOR J COLEMAN
4 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 58.31 mm | 58.31 mm | 58.31 mm | 58.31 mm | 58.31 mm | 58.31 mm |
Cash burn (monthly) | 25.55 mm | 3.18 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 188.06 mm | 23.43 mm | n/a | n/a | n/a | n/a |
Cash remaining | -129.75 mm | 34.88 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -5.1 | 11.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
55.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 264 |
Opened positions | 43 |
Closed positions | 92 |
Increased positions | 74 |
Reduced positions | 101 |
13F shares | Current |
---|---|
Total value | 2.58 tn |
Total shares | 121.29 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 32.72 mm | $747.88 bn |
STT State Street | 13.51 mm | $308.76 bn |
MCQEF Macquarie | 10.13 mm | $231.62 bn |
JPM JPMorgan Chase & Co. | 7.82 mm | $178.78 bn |
Fuller & Thaler Asset Management | 5.38 mm | $122.90 bn |
Charles Schwab Investment Management | 3.34 mm | $76.45 bn |
NTRS Northern Trust | 3.27 mm | $74.86 bn |
Dimensional Fund Advisors | 3.18 mm | $72.59 bn |
MS Morgan Stanley | 2.46 mm | $56.25 bn |
American Century Companies | 2.34 mm | $53.45 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Coleman Victor J | Common Shares | Grant | Acquire A | No | No | 0 | 547 | 0.00 | 82,080 |
26 Feb 24 | Wurtzebach Charles H | Common Shares | Sell | Dispose S | No | No | 21.06 | 7,799 | 164.25 k | 53,938 |
2 Jan 24 | Coleman Victor J | Common Shares | Grant | Acquire A | No | No | 0 | 519 | 0.00 | 81,533 |
29 Dec 23 | Thomas K McGowan | Limited Partnership Units of Kite Realty Group, L.P. Common Shares | Option exercise | Acquire M | No | No | 0 | 92,402 | 0.00 | 668,374 |
29 Dec 23 | Thomas K McGowan | Limited Partnership Units - Kite Realty Group, LP (AO LTIPs) Limited Partnership Units of Kite Realty Group, L.P. | Option exercise | Dispose M | No | No | 17.76 | 405,405 | 7.20 mm | 0 |
29 Dec 23 | R Fear Heath | Limited Partnership Units of Kite Realty Group, L.P. Common Shares | Option exercise | Acquire M | No | No | 0 | 45,585 | 0.00 | 284,713 |
29 Dec 23 | R Fear Heath | Limited Partnership Units - Kite Realty Group, LP (AO LTIPs) Limited Partnership Units of Kite Realty Group, L.P. | Option exercise | Dispose M | No | No | 17.76 | 200,000 | 3.55 mm | 75,675 |
News
Kite Realty Group Trust Sees FY24 Net Income $0.30-$0.36; Updates Nareit FFO From $2.00-$2.06 To $2.02-$2.08
30 Apr 24
Kite Realty Gr Trust Q1 FFO $0.50, Inline, Sales $207.44M Miss $207.86M Estimate
30 Apr 24
US Home Prices Rocket In February For Strongest One-Month Increase In 2 Years: Real Estate Stocks React
30 Apr 24
Kite Realty Group Trust Sees FY24 EPS $0.29-$.35; NAREIT FFO $2.00-$2.06
13 Feb 24
Earnings Scheduled For February 13, 2024
13 Feb 24