Is Kite Realty Group Trust overvalued or undervalued?

As of 15 July 2025, the valuation grade for Kite Realty Group Trust has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 53, while the EV to EBITDA ratio is 8.41, and the PEG ratio is notably low at 0.81, indicating potential for growth relative to its price.
In comparison to its peers, Kite Realty's P/E ratio is higher than Brixmor Property Group, which has a P/E of 25.73, but lower than Agree Realty Corp. at 41.08. Additionally, the EV to EBITDA ratio of Kite Realty is more favorable than that of its peer AGNC Investment Corp., which has an EV to EBITDA of 2.67. Despite recent underperformance, with a year-to-date return of -11.93% compared to the S&P 500's 12.22%, the long-term outlook remains more positive, as evidenced by a 5-year return of 81.77% versus the S&P 500's 96.61%.