Filing Flows › Kite Realty Group Trust (KRG) › Q1 2025
Kite Realty Group Trust (KRG) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Kite Realty Group Trust (KRG) reported revenue of $221M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +4% from the quarter before. Operating margin was 24.3%, net earnings $23.7M (10.7% of revenue).
Kite Realty Group Trust, Q1 2025: revenue $221M (+7% year over year), operating margin 24.3%, net earnings $23.7M, operating cash flow $74.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | +4% | +7% |
| Operating profit | $53.8M | +9% | +36% |
| Net earnings | $23.7M | +9% | +68% |
| Operating cash flow | $74.1M | -33% | +38% |
| Free cash flow | $31.9M | -58% | +26% |
What changed
Revenue was $221.1M in Q1 2025, up 7% year over year and up 4% from the previous quarter.
Operating profit was $53.8M, a 24.3% margin (up 5.3 points year over year). Of the extra revenue versus a year earlier, 105% reached operating profit, above the 19% margin then. Total costs fell 0% while revenue rose 7%. Net earnings were $23.7M, up 68% year over year. The effective tax rate was 0.0%.
Operating cash flow was $74.1M (up 38% year over year), 305% of net income including minority interests. Non-cash charges added back $99.9M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $52.4M. Capital expenditures of $42.1M left free cash flow of $31.9M.
Questions
What was Kite Realty Group Trust's revenue in the first quarter 2025?
Kite Realty Group Trust (KRG) reported revenue of $221M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +4% from the quarter before.
Was Kite Realty Group Trust profitable in the first quarter 2025?
Operating profit was $53.8M (24.3% of revenue) and net earnings $23.7M.