Kite Realty Group Trust (KRG) Files 10-K for the Fiscal Year Ended on December 31, 2018

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Kite Realty Group Trust (KRG) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Kite Realty Group Trust is a full-service, vertically integrated real estate company. It is engaged in the ownership, operation, management, leasing, acquisition, and development of neighborhood and community shopping centers in the United States. Kite Realty Group Trust has a market cap of $1.32 billion; its shares were traded at around $15.81 with and P/S ratio of 3.69. The dividend yield of Kite Realty Group Trust stocks is 8.03%.


For the last quarter Kite Realty Group Trust reported a revenue of $86.9 million, compared with the revenue of $88.92 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $354.2 million, a decrease of 1.3% from the previous year. For the last five years Kite Realty Group Trust had an average revenue growth rate of 18.8% a year.

The reported loss per diluted share was 56 cents for the year, compared with the earnings per share of $0.01 in the previous year. The Kite Realty Group Trust enjoyed an operating margin of 24.84%, compared with the operating margin of 20.11% a year before. The 10-year historical median operating margin of Kite Realty Group Trust is 22.10%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Kite Realty Group Trust has the cash and cash equivalents of $35.4 million, compared with $24.1 million in the previous year. The long term debt was $1.5 billion, compared with $1.7 billion in the previous year. The interest coverage to the debt is 1.3, which is not a favorable level. Kite Realty Group Trust has a financial strength rank of 4 (out of 10).

At the current stock price of $15.81, Kite Realty Group Trust is traded at close to its historical median P/S valuation band of $15.96. The P/S ratio of the stock is 3.69, while the historical median P/S ratio is 3.75. The stock gained 9.64% during the past 12 months.

For the complete 20-year historical financial data of KRG, click here.

This article first appeared on GuruFocus.


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