Filing Flows › Kite Realty Group Trust (KRG) › Q4 2024
Kite Realty Group Trust (KRG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 12, 2025
Kite Realty Group Trust (KRG) reported revenue of $212M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +2% from the quarter before. Operating margin was 23.2%, net earnings $21.8M (10.3% of revenue).
Kite Realty Group Trust, Q4 2024: revenue $212M (+7% year over year), operating margin 23.2%, net earnings $21.8M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | +2% | +7% |
| Operating profit | $49.3M | +10% | +40% |
| Net earnings | $21.8M | +30% | +174% |
| Operating cash flow | $111M | -1% | +7% |
| Free cash flow | $76.9M | +2% | +29% |
What changed
Revenue was $212.2M in Q4 2024, up 7% year over year and up 2% from the previous quarter.
Operating profit was $49.3M, a 23.2% margin (up 5.5 points year over year). Of the extra revenue versus a year earlier, 103% reached operating profit, above the 18% margin then. Total costs fell 0% while revenue rose 7%. Net earnings were $21.8M, up 174% year over year. The effective tax rate was -0.8%.
Operating cash flow was $111.0M (up 7% year over year), 499% of net earnings. Non-cash charges added back $98.7M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $12.6M. Capital expenditures of $34.1M left free cash flow of $76.9M.
Questions
What was Kite Realty Group Trust's revenue in the fourth quarter 2024?
Kite Realty Group Trust (KRG) reported revenue of $212M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +2% from the quarter before.
Was Kite Realty Group Trust profitable in the fourth quarter 2024?
Operating profit was $49.3M (23.2% of revenue) and net earnings $21.8M.