Filing Flows › Kite Realty Group Trust (KRG) › Q1 2026
Kite Realty Group Trust (KRG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Kite Realty Group Trust (KRG) reported revenue of $201M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -2% from the quarter before. Operating margin was 21.1%, net earnings $11.4M (5.7% of revenue).
Kite Realty Group Trust, Q1 2026: revenue $201M (-9% year over year), operating margin 21.1%, net earnings $11.4M, operating cash flow $49.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $201M | -2% | -9% |
| Operating profit | $42.4M | +19% | -21% |
| Net earnings | $11.4M | -94% | -52% |
| Operating cash flow | $49.8M | -53% | -33% |
| Free cash flow | $17.3M | -75% | -46% |
What changed
Revenue was $200.7M in Q1 2026, down 9% year over year and down 2% from the previous quarter.
Operating profit was $42.4M, a 21.1% margin (down 3.2 points year over year). Total costs fell 5% while revenue fell 9%. The fastest-growing cost line was General & admin (+14%). Net earnings were $11.4M, down 52% year over year. The effective tax rate was 3.3%.
Operating cash flow was $49.8M (down 33% year over year), 424% of net income including minority interests. Non-cash charges added back $84.2M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $48.9M. Capital expenditures of $32.4M left free cash flow of $17.3M.
Questions
What was Kite Realty Group Trust's revenue in the first quarter 2026?
Kite Realty Group Trust (KRG) reported revenue of $201M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -2% from the quarter before.
Was Kite Realty Group Trust profitable in the first quarter 2026?
Operating profit was $42.4M (21.1% of revenue) and net earnings $11.4M.