Kite Realty Group Trust (NYSE:KRG – Get Free Report) and SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) are both mid-cap finance companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, earnings, dividends, profitability, analyst recommendations, valuation and risk.
Profitability
This table compares Kite Realty Group Trust and SmartCentres Real Estate Investment Trust’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Kite Realty Group Trust | 16.34% | 4.27% | 2.05% |
| SmartCentres Real Estate Investment Trust | 39.89% | 5.16% | 2.71% |
Analyst Ratings
This is a summary of current recommendations for Kite Realty Group Trust and SmartCentres Real Estate Investment Trust, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Kite Realty Group Trust | 0 | 7 | 2 | 0 | 2.22 |
| SmartCentres Real Estate Investment Trust | 1 | 0 | 0 | 0 | 1.00 |
Dividends
Kite Realty Group Trust pays an annual dividend of $1.16 per share and has a dividend yield of 4.9%. SmartCentres Real Estate Investment Trust pays an annual dividend of $1.35 per share and has a dividend yield of 6.9%. Kite Realty Group Trust pays out 181.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. SmartCentres Real Estate Investment Trust pays out 105.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Kite Realty Group Trust has increased its dividend for 4 consecutive years. SmartCentres Real Estate Investment Trust is clearly the better dividend stock, given its higher yield and lower payout ratio.
Volatility and Risk
Kite Realty Group Trust has a beta of 0.89, suggesting that its stock price is 11% less volatile than the S&P 500. Comparatively, SmartCentres Real Estate Investment Trust has a beta of 0.86, suggesting that its stock price is 14% less volatile than the S&P 500.
Valuation and Earnings
This table compares Kite Realty Group Trust and SmartCentres Real Estate Investment Trust”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Kite Realty Group Trust | $841.84 million | 6.03 | $4.07 million | $0.64 | 36.62 |
| SmartCentres Real Estate Investment Trust | $670.29 million | 5.18 | $172.78 million | $1.28 | 15.20 |
SmartCentres Real Estate Investment Trust has lower revenue, but higher earnings than Kite Realty Group Trust. SmartCentres Real Estate Investment Trust is trading at a lower price-to-earnings ratio than Kite Realty Group Trust, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership
90.8% of Kite Realty Group Trust shares are held by institutional investors. 2.0% of Kite Realty Group Trust shares are held by company insiders. Comparatively, 20.9% of SmartCentres Real Estate Investment Trust shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Summary
Kite Realty Group Trust beats SmartCentres Real Estate Investment Trust on 9 of the 17 factors compared between the two stocks.
About Kite Realty Group Trust
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2023, the Company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.1 million square feet of gross leasable space.
About SmartCentres Real Estate Investment Trust
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.
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