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Companies $KRG
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Kite Realty Group Trust logo

Kite Realty Group Trust

kiterealty.com

What Do They Do?

Owns and operates open-air, grocery-anchored shopping centers and mixed-use properties, leasing space to retailers and other tenants.

How Do They Make Money?

Tenants pay contractual base rent and reimbursements for common-area costs, insurance and property taxes under their leases; base rent is spread across the lease term, while sales-based rent applies when tenants meet lease targets.

revenue
SegmentShareRevenue
Other property-related revenue
69%
FY2022: 57%
Fee income
31%
FY2022: 43%

Who Are Their Customers?

Retail and mixed-use tenants—including grocers, expanding retailers, service businesses and restaurants—lease space at the company's properties.

Do Revenues Turn Into Profits?

Yes. It kept 35 cents of every revenue dollar as net income in FY2025.

Net income, FY2025
35% of revenue
▲ +7236% vs FY2024 ($4.1M, 0%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −8%
vs $213.4M in Q2 FY2025
Net income
▲ +46%
vs $110.3M in Q2 FY2025
Other property-related revenue share of other revenue vs 61.4% in Q2 FY2025

Growing. Revenue grew 2.3x in 4 years, from $373.3M in FY2021 to $844.4M in FY2025, about 23% a year.

Revenue over time
Other property-related revenue Fee income
$20M$10M$0

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