Kite Realty Group Trust (KRG) financial statements
Kite Realty Group Trust reported revenue of $844M in fiscal 2025, up 10.1% a year over 9 years.
Net income was $299M and the operating margin 17.0%, against 19.7% in 2016.
Free cash flow was $278M, and the company returned $236M in dividends and $1M in net buybacks.
The diluted share count rose 162% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kite Realty Group Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $354M | $359M | $354M | $315M | $267M | $373M | $802M | $821M | $837M | $844M |
| Selling, general and admin | $21M | $22M | $21M | $28M | $31M | $34M | $55M | $56M | $53M | $55M |
| Operating income | $70M | $80M | $21M | $72M | $35M | -$22M | $92M | $152M | $111M | $143M |
| Interest expense | $66M | $66M | $67M | $59M | $50M | $60M | $104M | $105M | $126M | $133M |
| Income tax | $814,000 | -$100,000 | -$227,000 | -$282,000 | -$696,000 | -$310,000 | $43,000 | $533,000 | $139,000 | $467,000 |
| Net income | $1M | $12M | -$47M | -$534,000 | -$16M | -$81M | -$13M | $47M | $4M | $299M |
| EPS (diluted) | $0.01 | $0.14 | -$0.56 | -$0.01 | -$0.19 | -$0.73 | -$0.06 | $0.22 | $0.02 | $1.37 |
| Diluted shares | 83M | 84M | 84M | 84M | 84M | 111M | 219M | 220M | 220M | 218M |
| Operating margin | 19.7% | 22.3% | 5.9% | 22.8% | 13.1% | -5.8% | 11.4% | 18.5% | 13.3% | 17.0% |
| Net margin | 0.3% | 3.3% | -13.1% | -0.2% | -6.1% | -21.6% | -1.6% | 5.8% | 0.5% | 35.4% |
Balance sheet
Fiscal years, from Kite Realty Group Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $20M | $24M | $35M | $31M | $44M | $218M | $116M | $36M | $478M | $37M |
| Total assets | $3.7B | $3.5B | $3.2B | $2.6B | $2.6B | $7.6B | $7.3B | $6.9B | $7.1B | $6.7B |
| Total liabilities | $1.9B | $1.9B | $1.7B | $1.3B | $1.3B | $3.7B | $3.5B | $3.3B | $3.7B | $3.5B |
| Shareholders' equity | $1.6B | $1.6B | $1.4B | $1.3B | $1.2B | $3.9B | $3.8B | $3.6B | $3.3B | $3.1B |
| Net debt | -$20M | -$24M | -$35M | -$31M | -$44M | -$93M | -$116M | -$36M | -$128M | -$37M |
Cash flow
Fiscal years, from Kite Realty Group Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $155M | $155M | $154M | $138M | $96M | $100M | $379M | $395M | $419M | $430M |
| Capital spending | $95M | $72M | $59M | $53M | — | — | — | $145M | $140M | $152M |
| Free cash flow | $61M | $82M | $95M | $85M | — | — | — | $250M | $279M | $278M |
| Stock-based compensation | $5M | $6M | $5M | $5M | $6M | $7M | $10M | $10M | $11M | $11M |
| Dividends paid | $95M | $101M | $106M | $133M | $38M | $58M | $180M | $211M | $222M | $236M |
| Share buybacks (net) | -$1M | -$835,000 | -$350,000 | -$533,000 | -$1M | -$15M | -$2M | -$767,000 | -$907,000 | -$1M |
| Net borrowing | -$594M | -$31M | -$152M | -$396M | $23M | $137M | -$114M | -$175M | $418M | -$202M |
| Free cash flow margin | 17.2% | 22.9% | 26.8% | 26.9% | — | — | — | 30.4% | 33.3% | 32.9% |
| Dividends per share | $1.13 | $1.21 | $1.27 | $1.59 | $0.45 | $0.52 | $0.82 | $0.96 | $1.01 | $1.08 |
Questions
What was Kite Realty Group Trust's revenue in 2025?
$844M in fiscal 2025, from its 10-K filing.
How much free cash flow does Kite Realty Group Trust generate?
$278M in fiscal 2025 (operating cash flow minus capital spending).
From Kite Realty Group Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.