KRG - Kite Realty Group Trust
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$26.33
DETAILS
HIGH:
$28.00
LOW:
$24.00
MEDIAN:
$27.00
CONSENSUS:
$26.33
DOWNSIDE:
2.59%
AlphaVal
Deterministic, archetype-aware fair value
Real Estate Investment Trust
85% confidence
Primary model: P/FFO × Retail REIT Multiple
Adjust Assumptions
19.5x
$
Key Value Driver
FFO/share ($3.33) × retail P/FFO multiple
Implied Market Multiple
8.1x
Plain-Language Summary
Our base-case estimate uses P/FFO × Retail REIT Multiple. We then blend that result with the average analyst price target of $26.33 from 25 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $55.23 per share.
Warnings
Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.
Wall Street's average price target is $26.33 (from 25 analysts). Our estimate is 146% above the consensus -- consider that gap carefully.
Key Risks
- P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
- Interest rate sensitivity: REIT multiples compress when rates rise
- FFO approximation (NI + D&A) may include gains on property sales — verify