Filing Flows › Kite Realty Group Trust (KRG) › Q2 2025
Kite Realty Group Trust (KRG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Kite Realty Group Trust (KRG) reported revenue of $213M for the second quarter 2025 (Q2 2025), +0.5% from a year earlier and -3% from the quarter before. Operating margin was 21.8%, net earnings $110M (51.7% of revenue).
Kite Realty Group Trust, Q2 2025: revenue $213M (+0.5% year over year), operating margin 21.8%, net earnings $110M, operating cash flow $133M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | -3% | +0.5% |
| Operating profit | $46.6M | -13% | — |
| Net earnings | $110M | +365% | — |
| Operating cash flow | $133M | +79% | -7% |
| Free cash flow | $83.9M | +163% | -16% |
What changed
Revenue was $213.4M in Q2 2025, roughly flat year over year and down 3% from the previous quarter.
Operating profit was $46.6M, a 21.8% margin (up 32.3 points year over year). Total costs fell 29% while revenue was flat. Net earnings were $110.3M. The effective tax rate was 0.2%. Non-operating items added $66.2M, 59% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $132.8M (down 7% year over year), 118% of net income including minority interests. Non-cash charges added back $99.6M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $82.2M. Capital expenditures of $48.9M left free cash flow of $83.9M.
Questions
What was Kite Realty Group Trust's revenue in the second quarter 2025?
Kite Realty Group Trust (KRG) reported revenue of $213M for the second quarter 2025 (Q2 2025), +0.5% from a year earlier and -3% from the quarter before.
Was Kite Realty Group Trust profitable in the second quarter 2025?
Operating profit was $46.6M (21.8% of revenue) and net earnings $110M.