Is Kite Realty Group Trust overvalued or undervalued?

As of 27 June 2025, Kite Realty Group Trust has moved from a fair to an expensive valuation grade. The company appears overvalued based on its current financial metrics. The P/E ratio stands at 53, significantly higher than the industry average of approximately 52.26, while the EV to EBITDA ratio is 25.51, compared to the peer average of 8.32. Additionally, the PEG ratio of 0.81 suggests a potential for growth, but it does not compensate for the high valuation levels indicated by the other ratios.
In comparison to its peers, Kite Realty Group Trust's ROE is notably low at 2.87%, which raises concerns about its profitability relative to competitors. The dividend yield of 463.88% seems attractive, but it may not be sustainable given the company's financial performance. Furthermore, the stock has underperformed against the S&P 500 over various time frames, particularly with a year-to-date return of -10.18% compared to the S&P 500's 4.96%. Overall, these factors contribute to the conclusion that Kite Realty Group Trust is currently overvalued.