The company maintains a conservative capital structure with a debt-to-equity ratio of 1.00 as of 2026Q1, providing a stable buffer against sector-wide volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 |
|---|
| Total Assets | 6.35B | 6.66B | 7.09B | 6.94B | 7.34B | 7.64B | 2.61B | 2.65B | 3.17B | 3.51B | 3.66B | 3.77B | 3.87B | 1.76B | 1.29B | 1.19B | 1.13B | 1.14B | 1.11B | 1.05B | 983.16M | 799.23M | 569.75M | 171.47M |
| Asset Growth % | -19.2% | -6.02% | 2.13% | -5.42% | -3.9% | 192.87% | -1.52% | -16.49% | -9.69% | -3.93% | -2.91% | -2.79% | 119.64% | 36.88% | 7.99% | 5.34% | -0.69% | 2.57% | 6.09% | 6.62% | 23.01% | 40.28% | 232.28% | - |
| Real Estate & Other Assets | 5.5B | 163.51M | 6.15B | 6.48B | 6.77B | 6.85B | 2.45B | 2.48B | -3.1B | -3.45B | 3.5B | 108.93M | 89.64M | 109M | 69.41M | 42.46M | 0 | 37.26M | 21.17M | -966.66M | -583.89M | -740.04M | -525.4M | -151.62M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 6.57B | 0 | 0 | 0 | 2.94B | 3.29B | 3.4B | 3.47B | 3.38B | 1.59B | 1.17B | 1.1B | 1.05B | 1.04B | 1.04B | 965.58M | 582.72M | 738.73M | 525.24M | 149.35M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 0 | 0 | 0 | 15.52K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 155.5K | 1000K |
| Total Current Assets | 410.48M | 606.23M | 682.89M | 154.72M | 223.27M | 293.81M | 143.72M | 142.65M | 122.06M | 106.87M | 91.72M | 107.31M | 296.58M | 63.06M | 53.77M | 33.43M | 73.74M | 47.82M | 53.53M | 19K | 23.95B | 15.21K | 10.1K | 12.75M |
| Cash & Equivalents | 32.54M | 36.76M | 128.06M | 36.41M | 121.97M | 93.24M | 43.65M | 31.34M | 35.38M | 24.08M | 19.87M | 33.88M | 43.83M | 18.13M | 12.48M | 10.04M | 15.39M | 19.96M | 9.92M | 19M | 23.95M | 15.21M | 10.1M | 2.19M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 244.65M | 441.61M | 79.06M | 5.02M | 0 | -77.7M | 2.94M | 21.48M | 15.86M | 8.09M | 9.04M | 13.48M | 195.81M | 11.05M | 12.96M | 9.42M | 24.21M | 23.7M | 11.32M | 14.04M | 23.89B | 0 | 0 | 0 |
| Intangible Assets | 83.51M | 181.55M | 238.21M | 304.17M | 342.99M | 485.7M | 5.69M | 11.05M | 25.55M | 44.02M | 65.45M | 83.93M | 106.24M | 3.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.36B | 3.47B | 3.68B | 3.3B | 3.52B | 3.66B | 1.33B | 1.31B | 1.71B | 1.87B | 1.92B | 1.95B | 1.85B | 962.89M | 774.37M | 737.81M | 702.8M | 758.24M | 822.68M | 783.88M | 708.95M | 515.5M | 411.5M | 164.64M |
| Total Debt | 2.99B | 3.37B | 3.23B | 3.06B | 3.27B | 3.43B | 1.24B | 1.22B | 1.54B | 1.7B | 1.73B | 1.73B | 1.55B | 857.14M | 699.91M | 689.12M | 610.93M | 658.29M | 677.66M | 646.83M | 566.98M | 375.25M | 283.48M | 142.97M |
| Net Debt | 2.96B | 3.33B | 3.1B | 3.02B | 3.14B | 3.34B | 1.2B | 1.19B | 1.51B | 1.68B | 1.71B | 1.7B | 1.51B | 839.01M | 687.43M | 679.08M | 595.53M | 638.34M | 667.74M | 627.83M | 543.02M | 360.04M | 273.38M | 140.78M |
| Long-Term Debt | 2.94B | 2.78B | 3.23B | 2.83B | 3.01B | 3.1B | 1.15B | 1.15B | 1.54B | 1.64B | 1.65B | 1.72B | 1.55B | 857.14M | 699.91M | 689.12M | 610.93M | 658.29M | 677.66M | 646.83M | 566.98M | 375.25M | 283.48M | 142.97M |
| Short-Term Borrowings | 53M | 420.42M | 0 | 0 | 0 | 55M | 25M | -2.63M | 5.03M | 43.22M | 0 | 0 | 0 | 145M | 34.63M | 0 | 0 | 0 | 0 | 20.56M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 551.63M | 170.14M | 0 | 228.37M | 255.98M | 280.5M | 71.99M | 77.09M | 69.5M | 83.12M | 95.36M | 112.41M | 125.34M | 36.17M | 10.77M | 8.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 213.66M | 420.42M | 206.66M | 198.08M | 207.79M | 280.9M | 116.13M | 80.28M | 169.57M | 175.05M | 177.11M | 212.91M | 211.56M | 105.75M | 74.46M | 36.05M | 32.36M | 32.8M | 158.14M | 67.3M | 67.4M | 60.9M | 59.6M | 0 |
| Accounts Payable | 156.91M | 0 | 202.65M | 198.08M | 219.9M | 195.78M | 79.41M | 72.07M | 85.93M | 78.48M | 80.66M | 81.36M | 75.15M | 61.44M | 54.19M | 36.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 31.46M | 0 | 35.34M | 29.95M | 30.13M | 11.72M | 10.84M | 83.63M | 96.56M | 11.4M | 131.56M | 136.41M | 44.31M | 20.27M | 12.64B | 15.4B | 19.84B | 24.59B | 26.13B | 30.16B | 25.37B | 34.84B | 9.27M |
| Other Liabilities | 207.6M | 70.27M | 246.1M | 44.57M | 42.06M | 0 | -11.72M | -10.84M | -81.14M | 73.55M | 82.31M | 19.15M | 232K | 8.14M | -94.57M | 1.45T | 44.12M | 47.31M | -33.31M | -26.16M | -566.98M | -375.25M | -283.48M | -152.23M |
| Total Equity | 2.99B | 3.19B | 3.41B | 3.64B | 3.83B | 3.98B | 1.27B | 1.34B | 1.46B | 1.64B | 1.73B | 1.82B | 2.03B | 801.03M | 514.29M | 455.46M | 429.98M | 382.45M | 289.37M | 264.35M | 274.21M | 283.73M | 158.26M | 6.83M |
| Equity Growth % | -24.98% | -6.46% | -6.36% | -4.76% | -3.93% | 212.43% | -5.04% | -8.01% | -10.93% | -5.44% | -4.76% | -10.27% | 153.08% | 55.75% | 12.92% | 5.93% | 12.43% | 32.16% | 9.46% | -3.59% | -3.35% | 79.28% | 2217.46% | - |
| Shareholders Equity | 2.86B | 3.07B | 3.31B | 3.57B | 3.77B | 3.92B | 1.23B | 1.29B | 1.41B | 1.57B | 1.64B | 1.73B | 1.9B | 753.56M | 473.09M | 409.37M | 423.06M | 375.08M | 284.96M | 259.62M | 269.91M | 278.88M | 158.2M | 6.83M |
| Minority Interest | 132.21M | 118.17M | 99.97M | 75.72M | 59.34M | 60.32M | 43.97M | 53.27M | 46.44M | 72.8M | 88.86M | 93.09M | 128.45M | 47.48M | 41.21M | 46.09M | 6.91M | 7.37M | 4.42M | 4.73M | 4.3M | 4.85M | 59.73K | 0 |
| Common Stock | 2.03M | 2.09M | 2.2M | 2.19M | 2.19M | 2.19M | 842K | 840K | 838K | 836K | 835K | 833K | 834.91K | 1.31M | 777.29K | 636.17K | 633.42K | 630.62K | 341.81K | 289.82K | 288.43K | 285.55K | 191.48K | 0 |
| Additional Paid-in Capital | 4.45B | 4.61B | 4.87B | 4.89B | 4.9B | 4.9B | 2.09B | 2.07B | 2.08B | 2.07B | 2.06B | 2.05B | 2.04B | 822.51M | 513.11M | 449.76M | 448.78M | 449.86M | 343.63M | 293.9M | 291.16M | 288.98M | 166.86M | 0 |
| Retained Earnings | -1.61B | -1.56B | -1.6B | -1.37B | -1.21B | -962.91M | -824.31M | -769.96M | -662.74M | -509.83M | -419.31M | -323.26M | -247.8M | -173.13M | -138.04M | -109.5M | -93.45M | -69.61M | -51.28M | -31.44M | -21.83M | -10M | -8.05M | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 102.5M | 102.5M | 102.5M | 70M | 70M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 4.32% | 4.34% | 0.06% | 0.66% | -0.17% | -1.58% | -0.62% | -0.02% | -1.39% | 0.33% | 0.03% | 0.71% | -0.2% | -0.19% | -0.35% | 0.43% | -0.73% | -0.16% | 0.56% | 1.33% | 1.14% | 1.96% | -0.14% | 1.02% |
| Return on Equity (ROE) | 8.89% | 9.05% | 0.12% | 1.27% | -0.32% | -3.07% | -1.24% | -0.04% | -3.01% | 0.7% | 0.07% | 1.41% | -0.4% | -0.43% | -0.89% | 1.13% | -2.04% | -0.53% | 2.2% | 5.02% | 3.65% | 6.08% | -0.64% | 25.55% |
| Debt / Assets | 47.12% | 50.58% | 45.5% | 44.03% | 44.49% | 44.91% | 47.64% | 46.2% | 48.65% | 48.38% | 47.34% | 46.04% | 40.12% | 48.59% | 54.31% | 57.75% | 53.93% | 57.71% | 60.94% | 61.71% | 57.67% | 46.95% | 49.75% | 83.38% |
| Debt / Equity | 1.00x | 1.06x | 0.95x | 0.84x | 0.85x | 0.86x | 0.98x | 0.91x | 1.06x | 1.04x | 1.00x | 0.95x | 0.77x | 1.07x | 1.36x | 1.51x | 1.42x | 1.72x | 2.34x | 2.45x | 2.07x | 1.32x | 1.79x | 20.94x |
| Net Debt / EBITDA | 5.35x | 5.82x | 6.08x | 6.58x | 5.57x | 18.38x | 7.23x | 5.77x | 5.25x | 4.77x | 4.83x | 7.11x | 10.05x | 10.22x | 11.17x | 10.80x | 9.90x | 10.27x | 9.03x | 8.44x | 8.02x | 6.63x | 12.29x | 16.33x |
| Book Value per Share | 14.51 | 14.88 | 15.53 | 16.58 | 17.46 | 35.99 | 15.15 | 15.99 | 17.43 | 19.57 | 20.76 | 21.78 | 34.74 | 34.04 | 30.76 | 28.66 | 27.20 | 29.34 | 38.15 | 36.24 | 37.95 | 52.74 | 36.92 | 1.59 |
Sunbelt migration plateau risk
Based on reported financial statements, KRG's total assets have fluctuated between $6.4 billion and $7.2 billion over the last ten quarters, suggesting that the company is currently prioritizing portfolio optimization and asset recycling over aggressive balance sheet expansion in its core Sunbelt and suburban retail markets.
The stability in total assets despite significant merger-related activity indicates a disciplined approach to capital deployment. Investors should monitor whether this plateau in asset growth reflects a lack of accretive acquisition opportunities or a strategic pivot toward internal redevelopment to drive future value.
According to recent quarterly filings, KRG has maintained a debt-to-equity ratio consistently near 1.0, with the most recent figure of 1.00 in 2026Q1 suggesting a conservative capital structure that provides a meaningful buffer against potential volatility in the broader retail real estate sector.
This leverage profile appears prudent given the cyclical nature of retail leasing and the potential for rising interest rates to impact refinancing costs. The company's ability to keep debt levels stable while navigating market shifts suggests a management team focused on maintaining a fortress-like balance sheet.
As indicated by historical balance sheet data, KRG's cash reserves have shown significant variability, ranging from a low of $32.5 million in 2026Q1 to a peak of $478.1 million in 2024Q4, which may imply inconsistent timing in capital recycling or liquidity management strategies.
The sharp decline in cash balances over the last several quarters suggests that capital is being deployed into either debt reduction or property-level investments. Analysts should investigate whether this liquidity drawdown is a temporary tactical move or a sign of tightening financial flexibility for future development projects.
Based on the provided financial data, KRG's equity base has remained relatively stable, hovering around $3.0 billion to $3.6 billion, which suggests that the company has successfully avoided significant shareholder dilution while managing the integration of its expanded retail portfolio over the past ten quarters.
The consistency in equity value despite the volatility in FFO and net income indicates that the company is not relying on frequent secondary offerings to fund its operations. This stability may provide a degree of comfort to long-term investors concerned about the impact of capital structure changes on per-share value.
Quick answers to the most common questions about buying KRG stock.
As of 2025, Kite Realty Group Trust (KRG) had total assets of $6.66B including $606.2M in current assets.
Kite Realty Group Trust (KRG) carries total debt of $3.37B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Kite Realty Group Trust (KRG) has total shareholders' equity (book value) of $3.07B ($14.88 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Kite Realty Group Trust (KRG) reported a current ratio of 1.44x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.