← Back to Stock Screener← Stock Screener

ZYBERNO

Stock Report

Updated Aug 30, 2026

KITE REALTY GROUP TRUST (KRG)

Financial Services • NYSE

$26.00

Kite Realty Group Trust is an American real estate investment trust headquartered in Indianapolis, Indiana, that owns, operates, acquires, and develops open-air shopping centers and mixed-use properties. Following its merger with Inland Real Estate Income Trust in 2021, the company owns approximately 180 retail properties anchored by grocery stores, home improvement stores, and other necessity-based retailers across the United States.

Professional Investment Analysis

ZYBERNO SCORE →

Is it a great business? Is it getting better?

35.0/100

WEAK BUSINESS

KITE REALTY GROUP TRUST (KRG) scores 35/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.

📊 How is the Zyberno Score calculated? +

The Zyberno Score answers one question: "Is this a quality business worth owning?" It's a 0-100 investment grade that evaluates business fundamentals across four critical dimensions, based on principles from Warren Buffett, Benjamin Graham, Peter Lynch, and Charlie Munger.

The 4 Core Categories (25 points each):

1. PROFITABILITY (25 pts)

Metrics: ROE, ROIC, Net Margin, Operating Margin
Thresholds: ROE >20% excellent • ROIC >20% excellent • Net Margin >20% excellent • Operating Margin >25% excellent

2. FINANCIAL STRENGTH (25 pts)

Metrics: Debt-to-Equity, Current Ratio, Interest Coverage, Altman Z-Score
Thresholds: D/E <0.3 excellent • Current Ratio >2.5 excellent • Interest Coverage >10x excellent • Altman Z >3.0 safe

3. CASH FLOW QUALITY (25 pts)

Metrics: Free Cash Flow, OCF vs Net Income, FCF Margin
Thresholds: Positive & growing FCF excellent • OCF/NI >1.2x excellent (cash earnings exceed accounting)

4. GROWTH & CONSISTENCY (25 pts)

Metrics: Revenue Growth, Net Income Growth, FCF Growth, Piotroski F-Score
Thresholds: Growth via log-linear regression • Piotroski 8-9 excellent, 6-7 good

Score Interpretation:

75-100

GREAT BUSINESS

65-74

GOOD BUSINESS

50-64

AVERAGE BUSINESS

30-49

WEAK BUSINESS

0-29

POOR BUSINESS

→ View full KRG quality analysis & detailed breakdown

VALUATION SIGNAL

MARGIN OF SAFETY

Is this stock cheap or expensive relative to what the business has historically generated for owners?

Margin of Safety unavailable — insufficient data for the owner-earnings DCF.

BRINA GAP ↗

Is the market underestimating or overestimating what this business is capable of going forward?

-31.6%

Market Overestimates

💰 How is Margin of Safety calculated? +

Margin of Safety measures how much discount or premium you're paying relative to a stock's intrinsic value. It's Benjamin Graham's core principle: the larger the margin, the lower your downside risk.

Formula: (Intrinsic Value − Current Price) ÷ Intrinsic Value × 100%

How We Calculate Intrinsic Value (DCF Method):

Step 1: Calculate current Owner Earnings (OCF − Maintenance CapEx)

Step 2: Calculate company-specific growth rate using log-linear regression on 16 quarters of Owner Earnings

Step 3: Project 10 years forward using the calculated growth rate

Step 4: Discount each year's cash flow to present value using 10% discount rate

Step 5: Calculate terminal value using 3% perpetual growth rate

Step 6: Sum all discounted cash flows = Intrinsic Value

What The Percentages Mean:

+50% or more

EXCELLENT — Very undervalued

+25% to +50%

GOOD — Attractive discount

0% to +25%

FAIR — Reasonable value

0% to -25%

CAUTION — Slight premium

-25% or worse

POOR — Overvalued

"Price is what you pay, value is what you get." — Warren Buffett

→ View full KRG valuation analysis · → View full KRG Brina Gap analysis

📈 How is Brina Gap calculated? +

Brina Gap measures the difference between the growth a business can fundamentally sustain and the growth the market is already pricing in.

Formula: Fundamental Growth Rate − Market-Implied Growth Rate

The Two Components:

Fundamental Growth Rate = ROIC × Reinvestment Rate

What the business can sustainably grow at based on how much it reinvests and what return it earns on that capital. Grounded in historical financials.

Market-Implied Growth Rate = Reverse DCF

The growth rate the current Enterprise Value implicitly assumes. Calculated by back-solving a 10-year DCF model (10% WACC, 3% terminal growth) until the present value of projected cash flows equals EV.

What The Gap Means:

Gap > +5% Market Underestimates — potential upside

+2% to +5% Slight Underestimate

-2% to +2% Fairly Priced — market consensus matches fundamentals

-5% to -2% Slight Overestimate

Gap < -5% Market Overestimates — price embeds optimism fundamentals don't support

A positive gap (market underestimates) combined with a positive Margin of Safety is the strongest combined signal — the business is both cheap historically and forward economics are stronger than the price suggests.

Critical Financial Health Indicators

Return on Equity (Profitability):AVERAGE (11.3%)

Debt-to-Equity (Solvency Risk):POOR (1.01x)

Operating Margin (Operational Efficiency):GOOD (15.6%)

Return on Capital (Capital Efficiency):CRITICAL (1.6%)

📊 Valuation Trilogy

Three interconnected metrics for complete valuation analysis

Click any metric for full methodology and detailed analysis

Zyberno's Verdict

KITE REALTY GROUP TRUST (KRG) stock report — Zyberno Score 35/100 (WEAK BUSINESS). Full financial analysis on Zyberno.

According to Zyberno's DCF model, KITE REALTY GROUP TRUST (KRG) shows a Brina Gap of -31.6%, which weakens the case: based on the company's ROIC (1.6%) and reinvestment rate (-241.9%), the business can fundamentally grow at -3.8% — but the current enterprise value implies the market expects 27.8%.

DIVISION I: EXECUTIVE SUMMARY

A. Market Valuation

Market Price & Capitalization (2)

Current Price:26.00

Market Cap:$5.26B

Valuation Multiples (4)

P/E Ratio:

16.15x

📊 Click to view full KRG P/E analysis →

P/B Ratio:1.83x

P/S Ratio:6.52x

Peg Ratio:0.16x

Enterprise Metrics (3)

Enterprise Value:$8.37B

Ev Ebitda Ratio:17.72x

Pfcf Ratio:18.94x

Price Action & Momentum (3)

12-1 Momentum:

+40.5% (73th pctile)

📈 Click to view full KRG Momentum analysis →

Momentum Percentile:73 / 100

% of 52-Week High:86.9%

B. Profitability Assessment

Return Metrics (7)

ROE:

11.3%

📊 Click to view full KRG ROE analysis →

ROA:5.2%

Roic:

1.6%

📊 Click to view full KRG ROIC analysis →

Reinvestment Rate:-241.9%

Fundamental Growth Rate (g):-3.8%

Market-Implied Growth Rate:27.8%

Brina Gap:

-31.6%

☷ Click to view full KRG Brina Gap analysis →

Margin Analysis (3)

Operating Margin Ttm:15.6%

Net Margin Ttm:41.8%

Ebitda Margin:58.6%

TTM Performance (2)

Operating Margin Ttm:15.6%

Net Margin Ttm:41.8%

Yield Metrics (2)

Earnings Yield:$6.19

Dividend Yield:4.5%

C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

Earnings Surprise (SUE):

+0.77

📊 Click to view full KRG Earnings Surprise analysis →

EPS Surprise vs Expected:38.4%

Latest Earnings Filed:2026-07-30

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):0.0%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):100.0%

Cash Flow Growth (Linear) (1)

Operating Cash Flow Growth Rate (Linear):-3.9%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):61.5%

D. Financial Stability

Liquidity Ratios (3)

Current Ratio:0.04x

Quick Ratio:0.04x

Cash Ratio:0.04x

Leverage Analysis (3)

Debt To Equity Ttm:1.01x

Debt-to-Equity Ratio:1.01x

Debt To Ebitda:6.90x

Coverage Ratios (2)

Interest Coverage Ratio:0.86x

Times Interest Earned:0.86

Capital Structure (4)

Working Capital:-3,101,106,000.00

Cash And Cash Equivalents:144,578,000.00

Long Term Debt:$2.84B

Net Debt:$3.11B

DIVISION II: FINANCIAL STATEMENTS ANALYSIS

A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $806.16M

Linear Growth: -4.0%

📊 Click to view full KRG Revenue analysis & methodology →

Cost Of Revenue Ttm:$0.00

Profitability Breakdown (2)

$0.00

Operating income TTM: $125.74M

Linear Growth: 61.5%

📊 Click to view full KRG Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: $337.31M

Linear Growth: 100.0%

📊 Click to view full KRG Net Income analysis & methodology →

Income Before Tax:$0.00

Ebitda Ttm:472,300,000.00

Operating Expenses (5)

Operating Expenses:674,723,000.00

R And D Expense:0.00

Sga Expense:58,304,000.00

Income Tax Expense:$1.08M

Interest Expense:129,010,000.00

Expense Ratios (3)

R And D To Revenue Percentage:0.0%

Sga To Revenue Percentage:29.7%

Ebitda Margin:58.6%

B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$6.27B

Current Assets:$144.58M

Ppe Net:0.00

Goodwill:0.00

Intangible Assets:-$8.18M

Liability Structure (4)

Total Liabilities:3,245,684,000.00

Current Liabilities:3,245,684,000.00

Long Term Debt:$2.84B

Short Term Debt:$415.18M

Equity & Capital (3)

Equity:$2.87B

Retained Earnings:-$1.51B

Common Stock:490,000,000.00

Working Capital Items (3)

Accounts Receivable:129,860,000.00

Inventory:0.00

Accounts Payable:170,304,000.00

Special Items (2)

Contract Liabilities:0.00

Stock Based Compensation:2,722,000.00

C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $405.37M

Linear Growth: -3.9%

$277.65M

Investment Activities (1)

Investing Cash Flow:-$24.52M

Financing Activities (3)

Financing Cash Flow:-$280.49M

Dividends Paid Ttm:236,477,000.00

Stock Repurchase:1,450,000.00

Capital Transactions (3)

Common Stock Issuance:19,000.00

Long Term Debt Issuance:$237.00M

Long Term Debt Repayments:$270.33M

Non-Cash Items (1)

Depreciation Amortization Ttm:346,558,000.00

DIVISION III: OPERATIONAL METRICS

A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):1.62

Eps diluted TTM: $1.61

Linear Growth: 100.0%

📊 Click to view full KRG EPS analysis & methodology →

Earnings Per Share Ttm:$1.67

Revenue & Cash Per Share (2)

Sales Per Share Ttm:3.99

Operating Cash Flow Per Share:$2.12

Book Value & Capital (2)

Book Value Per Share:$14.19

Cash Per Share:0.71

Dividend Policy (1)

Dividend Payout Ratio:72.51x

B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.12x

Working Capital Turnover Ttm:-999.00x

Receivables Management (2)

Receivables Turnover Ttm:6.21x

Days Sales Outstanding Ttm:58.80

Inventory Management (2)

Inventory Turnover Ttm:-999.00x

Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:77.11

Cash Conversion Cycle:-1,017.31

C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:0.00

Quality Score:75.00

Market Metrics (2)

Beta:0.00x

Volatility Category:unknown

DIVISION IV: INVESTMENT ANALYSIS

A. Value Investment Framework

Damodaran Growth Analysis (4)

Reinvestment Rate:-241.9%

Fundamental Growth Rate (g):-3.8%

Market-Implied Growth Rate:27.8%

Brina Gap:

-31.6%

☷ Click to view full KRG Brina Gap analysis →

B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):0.0%

Net Income Growth Rate (Linear):100.0%

Operating Income Growth Rate (Linear):61.5%

Cash Flow Growth Rates (1)

Operating Cash Flow Growth Rate (Linear):-3.9%

Other Growth Rates (1)

Book Value Growth Rate (Linear):-7.2%

C. Company Profile & Context

Corporate Information (6)

Symbol:KRG

Company Name:KITE REALTY GROUP TRUST

Sector:Financial Services

Industry:Real Estate

Exchange:NYSE

Country:United States

Market Classification (3)

Market Cap Category:N/A

Price Category:medium

Volume Category:N/A

Share Structure (3)

Shares Outstanding:202.23M

Shares Outstanding Basic:202.23M

Shares Outstanding Diluted:203.20M

Data Processing Info (3)

Processing Version:v3.0

Last Updated:2026-08-30 01:57:27 UTC

Data Timestamp:2026-08-30T01:57:27.462420