Filing Flows › Kite Realty Group Trust (KRG) › Q4 2025
Kite Realty Group Trust (KRG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Kite Realty Group Trust (KRG) reported revenue of $205M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and 0% from the quarter before. Operating margin was 17.4%, net earnings $181M (88.2% of revenue).
Kite Realty Group Trust, Q4 2025: revenue $205M (-3% year over year), operating margin 17.4%, net earnings $181M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $205M | 0% | -3% |
| Operating profit | $35.7M | +352% | -28% |
| Net earnings | $181M | — | +729% |
| Operating cash flow | $107M | -8% | -4% |
| Free cash flow | $68.6M | -20% | -11% |
What changed
Revenue was $204.9M in Q4 2025, down 3% year over year and roughly flat from the previous quarter.
Operating profit was $35.7M, a 17.4% margin (down 5.8 points year over year). Total costs grew 4% against a revenue fall of 3%. The fastest-growing cost line was General & admin (+15%). Net earnings were $180.8M, up 729% year over year. The effective tax rate was 0.1%. Non-operating items added $149.6M, 81% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $106.6M (down 4% year over year), 58% of net income including minority interests. Non-cash charges added back $89.5M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $170.8M. Capital expenditures of $38.0M left free cash flow of $68.6M.
Questions
What was Kite Realty Group Trust's revenue in the fourth quarter 2025?
Kite Realty Group Trust (KRG) reported revenue of $205M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and 0% from the quarter before.
Was Kite Realty Group Trust profitable in the fourth quarter 2025?
Operating profit was $35.7M (17.4% of revenue) and net earnings $181M.