Kite Realty Group Trust (KRG) Income Statement
KRG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKRG revenue and net income
Where KRG's revenue goes
2025Each bar shows an amount and its share of revenue. KRG kept 35.2% of revenue as net income.
KRG profit margins
KRG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.7% | +1.9% | +26.0% | +9.3% |
| Gross profit | −27.7% | −8.5% | +18.9% | +5.8% |
| Operating income | +75.8% | +28.8% | +41.1% | +10.6% |
| Net income | +7,236.4% | — | — | +27.1% |
| EPS (diluted) | −20.0% | — | — | +1.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KRG quarterly EPS vs estimates
Kite Realty beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: October 30, 2026 (estimate $0.52).
KRG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $847.6M | $841.8M | $823.0M | $802.0M | $373.3M | $266.6M | $315.2M | $354.2M | $358.8M | $354.1M |
| Cost of revenue | $396.2M | $217.5M | $210.4M | $211.8M | $105.1M | $76.9M | $84.4M | $92.7M | $92.8M | $90.8M |
| Gross profit | $451.4M | $624.3M | $612.6M | $590.2M | $268.2M | $189.8M | $230.8M | $261.4M | $266.0M | $263.4M |
| Research & development | — | — | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 |
| Sales, general & admin | $55.5M | $52.6M | $56.1M | $54.9M | $34.0M | $30.8M | $28.2M | $21.3M | $21.7M | $23.4M |
| Total operating expenses | $255.5M | $513.0M | $460.4M | $498.5M | $289.8M | $154.8M | $159.1M | $173.5M | $193.8M | $197.9M |
| Operating income | $195.8M | $111.4M | $152.2M | $91.7M | −$21.5M | $35.0M | $71.8M | $21.0M | $64.7M | $65.4M |
| Interest income | $132.6M | $125.7M | $105.3M | $104.3M | $60.4M | $50.4M | $59.3M | $66.8M | $65.7M | $65.6M |
| Interest expense | $123.5M | $125.7M | $105.3M | $104.3M | $60.4M | $50.4M | $59.3M | $66.8M | $65.7M | $65.6M |
| Income before taxes | $306.0M | $4.6M | $48.9M | −$12.1M | −$82.0M | −$16.8M | −$284,000 | −$46.7M | −$1.4M | −$323,000 |
| Income taxes | $467,000 | $139,000 | $533,000 | $43,000 | −$310,000 | −$696,000 | −$282,000 | −$227,000 | −$100,000 | $814,000 |
| Net income | $298.7M | $4.1M | $47.5M | −$12.6M | −$80.8M | −$16.2M | −$534,000 | −$46.6M | $11.9M | $1.2M |
| EBITDA | $813.3M | $528.2M | $560.1M | $565.1M | $181.6M | $164.4M | $193.8M | $176.2M | $254.1M | $248.6M |
| EPS (diluted) | $0.24 | $0.30 | $0.12 | −$0.19 | −$0.52 | −$0.20 | $0.11 | −$0.55 | $0.65 | $0.02 |
| Gross margin | 53.3% | 74.2% | 74.4% | 73.6% | 71.8% | 71.2% | 73.2% | 73.8% | 74.1% | 74.4% |
| Operating margin | 23.1% | 13.2% | 18.5% | 11.4% | −5.8% | 13.1% | 22.8% | 5.9% | 18.0% | 18.5% |
| Net margin | 35.2% | 0.5% | 5.8% | −1.6% | −21.6% | −6.1% | −0.2% | −13.1% | 3.3% | 0.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $196.3M | $200.7M | $207.4M | $205.1M | $213.4M | $221.8M | $214.7M | $207.3M | $212.4M | $207.4M | $200.3M | $207.2M |
| Cost of revenue | $53.0M | $55.9M | $228.9M | $54.2M | $55.5M | $57.6M | $54.8M | $53.0M | $55.1M | $54.4M | $47.9M | $54.1M |
| Gross profit | $143.3M | $144.8M | −$21.5M | $150.8M | $157.9M | $164.2M | $159.9M | $154.3M | $157.4M | $153.1M | $152.4M | $153.1M |
| Sales, general & admin | $14.5M | $13.9M | $15.6M | $14.2M | $13.4M | $12.3M | $13.5M | $13.3M | $13.0M | $12.8M | $14.3M | $13.9M |
| Total operating expenses | $96.1M | $96.4M | −$69.7M | $103.6M | $111.3M | $110.4M | $110.6M | $109.3M | $179.7M | $113.4M | $117.1M | $126.3M |
| Operating income | $47.1M | $48.3M | $48.2M | $47.3M | $46.6M | $53.8M | $49.3M | $45.0M | −$22.3M | $39.4M | $35.3M | $26.8M |
| Interest income | — | — | $32.4M | $33.2M | $34.1M | $33.0M | $32.7M | $31.6M | — | — | — | $25.5M |
| Interest expense | $31.7M | $31.7M | $110.7M | $167.2M | $34.1M | $33.0M | $32.7M | $31.6M | $31.0M | $30.4M | $27.2M | $25.5M |
| Income before taxes | $166.0M | $12.1M | $185.2M | −$16.3M | $112.8M | $24.3M | $22.4M | $17.1M | −$49.2M | $14.6M | $8.6M | $2.2M |
| Income taxes | $426,000 | $395,000 | $152,000 | $106,000 | $199,000 | $10,000 | $186,000 | $35,000 | $132,000 | $158,000 | $449,000 | $68,000 |
| Net income | $161.3M | $11.4M | $180.8M | −$16.2M | $110.3M | $23.7M | $21.8M | $16.7M | −$48.6M | $14.2M | $8.0M | $2.1M |
| EBITDA | $281.1M | $128.1M | $305.3M | $108.0M | $246.4M | $153.6M | $153.4M | $146.4M | $82.1M | $141.0M | $139.7M | $134.6M |
| EPS (diluted) | $0.52 | $0.08 | $0.05 | $0.05 | $0.03 | $0.11 | $0.10 | $0.07 | $0.08 | $0.05 | $0.04 | $0.04 |
| Gross margin | 73.0% | 72.1% | −10.4% | 73.6% | 74.0% | 74.0% | 74.5% | 74.4% | 74.1% | 73.8% | 76.1% | 73.9% |
| Operating margin | 24.0% | 24.1% | 23.2% | 23.1% | 21.8% | 24.2% | 23.0% | 21.7% | −10.5% | 19.0% | 17.6% | 12.9% |
| Net margin | 82.2% | 5.7% | 87.2% | −7.9% | 51.7% | 10.7% | 10.2% | 8.1% | −22.9% | 6.8% | 4.0% | 1.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KRG's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KRG financial results
In fiscal year 2025 (ended December 31, 2025), Kite Realty reported revenue of $847.6 million, up 0.7% from the year before. It had net income of $298.7 million (up 7,236.4%), a net profit margin of 35.2%. Diluted earnings per share came to $0.24. Over five years revenue grew at an average rate of 26.0% a year.
See the KRG stock overview for the latest quote and news, or the KRG chart for price history and technical indicators.
KRG income statement FAQ
What is Kite Realty's annual revenue?
Kite Realty reported total revenue of $847.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.7% from $841.8 million the previous year.
Is Kite Realty profitable?
Yes. Kite Realty reported net income of $298.7 million in fiscal 2025, a net profit margin of 35.2%; its operating margin was 23.1%.
What is Kite Realty's gross margin?
Kite Realty's gross margin was 53.3% in fiscal 2025: for every $100 of revenue, Kite Realty kept $53 after the direct cost of its products and services.
How fast is Kite Realty growing?
Revenue grew 26.0% a year on average over the last five fiscal years, from $266.6 million to $847.6 million.
What are Kite Realty's earnings per share?
Kite Realty earned $0.24 per diluted share in fiscal 2025, compared with $0.30 a year earlier.
When will Kite Realty report its next earnings?
Kite Realty is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does Kite Realty's fiscal year end?
Kite Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.