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Kite Realty Group Trust (FRA:FGC1) Piotroski F-Score : 5 (As of Mar. 05, 2025)


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What is Kite Realty Group Trust Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Kite Realty Group Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Kite Realty Group Trust's Piotroski F-Score or its related term are showing as below:

FRA:FGC1' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Kite Realty Group Trust was 7. The lowest was 3. And the median was 5.


Kite Realty Group Trust Piotroski F-Score Historical Data

The historical data trend for Kite Realty Group Trust's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kite Realty Group Trust Piotroski F-Score Chart

Kite Realty Group Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 4.00 5.00 7.00 5.00

Kite Realty Group Trust Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 8.00 6.00 5.00 5.00

Competitive Comparison of Kite Realty Group Trust's Piotroski F-Score

For the REIT - Retail subindustry, Kite Realty Group Trust's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kite Realty Group Trust's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Kite Realty Group Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kite Realty Group Trust's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 13.024 + -45.185 + 15.073 + 20.842 = €3.8 Mil.
Cash Flow from Operations was 49.295 + 132.016 + 101.239 + 105.985 = €388.5 Mil.
Revenue was 190.844 + 197.351 + 186.735 + 205.054 = €780.0 Mil.
Gross Profit was 140.598 + 146.203 + 139.004 + 152.676 = €578.5 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(6367.72 + 6628.134 + 6464.837 + 6423.89 + 6772.637) / 5 = €6531.4436 Mil.
Total Assets at the begining of this year (Dec23) was €6,367.7 Mil.
Long-Term Debt & Capital Lease Obligation was €3,081.7 Mil.
Total Current Assets was €652.2 Mil.
Total Current Liabilities was €197.4 Mil.
Net Income was 5.035 + 29.59 + 1.94 + 7.317 = €43.9 Mil.

Revenue was 193.104 + 192.685 + 194.164 + 183.653 = €763.6 Mil.
Gross Profit was 142.204 + 142.908 + 143.475 + 139.765 = €568.4 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(6930.831 + 6721.942 + 6613.386 + 6608.19 + 6367.72) / 5 = €6648.4138 Mil.
Total Assets at the begining of last year (Dec22) was €6,930.8 Mil.
Long-Term Debt & Capital Lease Obligation was €2,594.4 Mil.
Total Current Assets was €141.9 Mil.
Total Current Liabilities was €181.6 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Kite Realty Group Trust's current Net Income (TTM) was 3.8. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Kite Realty Group Trust's current Cash Flow from Operations (TTM) was 388.5. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=3.754/6367.72
=0.00058954

ROA (Last Year)=Net Income/Total Assets (Dec22)
=43.882/6930.831
=0.00633142

Kite Realty Group Trust's return on assets of this year was 0.00058954. Kite Realty Group Trust's return on assets of last year was 0.00633142. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Kite Realty Group Trust's current Net Income (TTM) was 3.8. Kite Realty Group Trust's current Cash Flow from Operations (TTM) was 388.5. ==> 388.5 > 3.8 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=3081.718/6531.4436
=0.471828

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2594.378/6648.4138
=0.39022511

Kite Realty Group Trust's gearing of this year was 0.471828. Kite Realty Group Trust's gearing of last year was 0.39022511. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=652.156/197.36
=3.30439805

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=141.878/181.638
=0.78110307

Kite Realty Group Trust's current ratio of this year was 3.30439805. Kite Realty Group Trust's current ratio of last year was 0.78110307. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Kite Realty Group Trust's number of shares in issue this year was 235.331. Kite Realty Group Trust's number of shares in issue last year was 232.165. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=578.481/779.984
=0.74165752

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=568.352/763.606
=0.74430007

Kite Realty Group Trust's gross margin of this year was 0.74165752. Kite Realty Group Trust's gross margin of last year was 0.74430007. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=779.984/6367.72
=0.12249031

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=763.606/6930.831
=0.11017524

Kite Realty Group Trust's asset turnover of this year was 0.12249031. Kite Realty Group Trust's asset turnover of last year was 0.11017524. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+1+0+0+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Kite Realty Group Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Kite Realty Group Trust  (FRA:FGC1) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Kite Realty Group Trust Piotroski F-Score Related Terms

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Kite Realty Group Trust Business Description

Traded in Other Exchanges
Address
30 South Meridian Street, Suite 1100, Indianapolis, IN, USA, 46204
Kite Realty Group Trust specializes in owning, operating, acquiring, developing, and redeveloping high-quality open-air shopping centers and mixed-use assets. The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.

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