Kite Realty Group Trust (KRG) Cash Flow: Operating & Free Cash Flow

Kite Realty Group Trust (KRG) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Kite Realty Group Trust generated $429.66M of operating cash flow and spent $152.00M on capital expenditures. That left free cash flow of $277.65M, down 0.3% from $278.56M a year earlier, or 32.9% of revenue. It returned $485.78M to shareholders through $236.48M in dividends and $249.30M in share buybacks.

Kite Realty Group Trust Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Kite Realty Group Trust (KRG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	305.53	4.42	48.38	-12.15	-81.72	-16.12	0.00	-46.45	13.89
Depreciation & Amortization	380.16	397.99	429.97	472.97	203.14	130.78	134.86	156.11	174.63
Deferred Income Tax	0.00	0.00	0.00	0.00	-31.21	-4.73	10.32	69.89	-4.96
Stock Based Compensation	10.80	10.74	10.12	10.28	6.70	6.00	5.38	4.87	5.99
Change in Working Capital	-7.34	-21.62	-32.80	-29.77	14.44	-19.28	-5.19	-17.98	-24.59
Change in Accounts Receivable	-2.91	-2.61	-0.94	-16.76	-3.10	-3.06	3.17	-3.59	-5.83
Change in Accounts Payable	3.97	1.43	-3.64	-20.53	10.68	-8.60	-2.10	-0.99	-6.23
Change in Other Working Capital	-8.40	-34.21	-28.22	7.52	6.86	-7.62	-6.27	-13.40	-12.53
Other Operating Activities	-259.49	-34.21	-61.02	-62.04	-42.20	-1.14	-7.40	-12.05	-11.29
Net Cash from Operating Activities	429.66	419.03	394.65	379.28	100.35	95.52	137.96	154.38	153.66
Investing Activities
Capital Expenditures	-152.01	-140.47	-222.93	-258.68	-67.76	-38.27	-53.28	-59.30	-70.53
Acquisitions	-255.49	-13.19	0.00	-0.13	14.99	-0.54	-0.80	-9.97	-1.40
Purchases of Investments	0.00	-615.00	0.00	-100.27	-125.00	-4.67	-59.00	-9.97	-1.40
Sales/Maturities of Investments	350.00	265.00	0.00	125.00	57.31	4.67	529.42	218.39	76.08
Other Investing Activities	671.03	-11.57	0.35	8.12	21.01	-42.03	0.26	217.61	71.80
Net Cash from Investing Activities	613.53	-498.99	-81.73	-45.15	-91.03	-80.84	416.59	148.33	-0.13
Financing Activities
Debt Repayment	-201.71	-314.76	-544.41	-568.96	-77.59	22.52	-409.97	-151.88	-31.46
Common Stock Issued	0.08	0.07	0.09	0.03	0.03	0.07	0.35	0.08	0.00
Common Stock Repurchased	-249.30	-0.91	-0.77	-1.54	-15.03	-1.34	-0.53	-0.35	-0.81
Dividends Paid	-236.48	-221.79	-210.55	-179.62	-57.80	-38.13	-133.26	-106.32	-101.13
Other Financing Activities	-10.94	-23.53	-6.92	-17.44	-20.15	-4.03	-3.84	-30.92	-15.93
Net Cash from Financing Activities	-698.35	172.09	-393.46	-312.53	44.46	-20.90	-547.25	-289.39	-149.32
Summary
Net Change in Cash	344.84	92.12	-80.54	21.61	53.78	-6.23	7.31	13.33	4.21
Cash at Beginning of Period	133.55	41.43	121.97	100.36	46.59	52.81	45.51	32.18	19.87
Cash at End of Period	478.39	133.55	41.43	121.97	100.36	46.59	52.81	45.51	24.08
Free Cash Flow	277.65	278.56	171.72	120.60	32.59	57.25	84.68	95.08	83.13
Supplemental Disclosures
Interest Paid	133.41	130.63	120.87	113.74	59.55	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Kite Realty Group Trust Cash Flow

What is Kite Realty Group Trust's free cash flow?

Kite Realty Group Trust generated free cash flow of $277.65M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $429.66M minus $152.00M of capital expenditures. That was down 0.3% from $278.56M a year earlier. Free cash flow equaled 32.9% of revenue.

How much does Kite Realty Group Trust spend on capital expenditures?

Kite Realty Group Trust spent $152.00M on capital expenditures in fiscal 2025, compared with $140.47M a year earlier. That equals 35.4% of operating cash flow.

Does Kite Realty Group Trust pay dividends or buy back shares?

Yes. In fiscal 2025 Kite Realty Group Trust returned $236.48M in dividends and $249.30M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition