Company Description
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, Indiana. According to the company’s public disclosures, Kite Realty Group is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets in the United States. Its portfolio is primarily grocery-anchored and is located in high-growth Sun Belt and select strategic gateway markets.
The company states that it has been publicly listed since 2004 and that it has over 60 years of experience in developing, constructing and operating real estate. Drawing on operational, investment, development and redevelopment expertise, Kite Realty Group focuses on continuously optimizing its portfolio of open-air shopping centers and mixed-use properties.
Business model and property focus
Kite Realty Group describes itself as a premier owner and operator of open-air shopping centers and mixed-use assets. The company’s portfolio is characterized as primarily grocery-anchored, with a mix of necessity-based grocery-anchored neighborhood and community centers alongside mixed-use destinations. This combination is presented by the company as an important feature of its platform for both retailers and consumers.
Based on the company’s public statements, Kite Realty Group generates the majority of its revenue from contractual rents and reimbursement payments received from tenants. As of various reporting dates in 2025, the company reported owning interests in approximately 180–181 U.S. open-air shopping centers and mixed-use assets, comprising roughly 27.8 to 29.8 million square feet of gross leasable space.
Geographic footprint and market orientation
The company highlights that its grocery-anchored portfolio is concentrated in high-growth Sun Belt markets and select strategic gateway metropolitan areas. In its risk factor discussions, Kite Realty Group notes a current geographical concentration of properties in the states of Texas, Florida and North Carolina and in the metropolitan statistical areas of New York, Atlanta, Seattle, Chicago and Washington, D.C. This geographic profile reflects the company’s focus on markets it identifies as attractive for open-air retail and mixed-use assets.
Portfolio composition and tenant relationships
Kite Realty Group’s disclosures emphasize necessity-based grocery-anchored neighborhood and community centers as a core component of its portfolio. The company also owns and operates mixed-use assets, which it describes as vibrant destinations. The combination of these property types is presented as creating an attractive platform for retailers and consumers, with open-air formats that host a variety of tenants.
Company communications also reference anchor leasing activity with well-known retailers at its centers, including grocery and other national brands, as part of its approach to merchandising and tenant mix. The company notes that the attractiveness of its properties to tenants, as well as the impact of e-commerce and changing customer traffic patterns, are important considerations for its business.
Experience, capital allocation and joint ventures
Kite Realty Group states that it uses its operational, investment, development and redevelopment capabilities to manage and evolve its portfolio. In its earnings releases, the company has described activities such as selling non-core or larger-format assets, entering into joint ventures involving open-air retail and mixed-use assets, and acquiring interests in mixed-use destinations. These activities are discussed by the company in the context of portfolio optimization and capital allocation.
The company has also highlighted the use of joint ventures with institutional partners to co-invest in high-quality open-air retail and mixed-use assets, while retaining operating responsibilities and ownership interests. In addition, Kite Realty Group has reported dispositions of certain centers and the use of proceeds for purposes such as share repurchases, debt repayment and potential acquisitions.
Risk factors and operating environment
In its forward-looking statements and risk factor summaries, Kite Realty Group identifies a range of factors that can affect its operations and financial performance. These include economic, business, banking, real estate and market conditions; the availability and cost of financing; the financial stability of tenants; competition and potential oversupply or reduced demand for rental space; and acquisition, disposition, development and joint venture risks.
The company also notes property ownership and management risks, including vacancies and the ability to rent space on favorable terms; the importance of maintaining REIT status for U.S. federal income tax purposes; potential environmental and other liabilities; and the impact of e-commerce, changing demographics and customer traffic patterns on shopping center assets.
Additional risks identified by Kite Realty Group include business continuity disruptions; tenant operating challenges; geographical concentration of properties in specific states and metropolitan areas; civil unrest, acts of violence, terrorism or war; climate change, epidemics, pandemics, natural disasters and severe weather conditions; changes in laws and regulations affecting property use and tenant operations; insurance costs and coverage; cyber security risks; and risks associated with the use of artificial intelligence and related tools.
Corporate responsibility and sustainability
Kite Realty Group has published a Corporate Responsibility Report that outlines its strategy and initiatives related to corporate responsibility practices and policies. The company reports on progress, measurements and case studies tied to its goals, including greenhouse gas emissions reductions, energy and water usage, reforestation efforts, property-level certifications, green leasing recognition, team member volunteer hours and community events hosted across its portfolio.
In describing these initiatives, the company links corporate responsibility to enhancing long-term portfolio performance and to its role as a connection between retailers and consumers. The report highlights reductions in Scope 1 and 2 greenhouse gas emissions from a baseline year, energy and water savings, tree planting under a reforestation effort, an increase in properties with certain industry certifications, and recognition for green leasing practices.
Trading information and regulatory filings
Kite Realty Group Trust’s common shares, with a par value of $0.01 per share, trade on the New York Stock Exchange under the symbol KRG. The company files reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, with the U.S. Securities and Exchange Commission. These filings provide detailed information on the company’s financial condition, operating results, risk factors, capital structure, property portfolio and governance matters.
Recent current reports on Form 8-K have covered topics such as executive officer changes, quarterly financial results, supplemental disclosures, investor presentation materials and other corporate developments. The company also issues press releases regarding earnings, dividends, dispositions, acquisitions, corporate responsibility reporting and participation in investor conferences.
Role within the real estate and financial sector
Within the finance and insurance sector, Kite Realty Group is classified in the category of other financial vehicles due to its REIT structure. Its activities center on owning, operating, acquiring, developing and redeveloping open-air shopping centers and mixed-use assets. Through its portfolio of primarily grocery-anchored centers and mixed-use properties, the company participates in the U.S. retail real estate market, with a particular focus on open-air formats in selected regions.
Investors and analysts interested in KRG stock often review the company’s disclosures on property counts, gross leasable area, geographic concentration, leasing activity, capital allocation decisions, risk factors and corporate responsibility initiatives. These materials, along with SEC filings and earnings releases, form the primary source of information about Kite Realty Group’s business model and operations.
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Short Interest History
Short interest in Kite Rlty Group Tr (KRG) currently stands at 13.4 million shares, down 5.2% from the previous reporting period, representing 6.2% of the float. Over the past 12 months, short interest has increased by 75.9%. The 6.9 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Kite Rlty Group Tr (KRG) currently stands at 6.9 days. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The days to cover has increased 60.3% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 2.5 to 8.9 days.