Kite Realty's Profit Soars on One-Time Gain, Future Sustainability Uncertain

Kite Realty Group Trust (KRG) reported a 44% annual earnings growth over the last five years, but recent results were boosted by a non-recurring $118.0 million gain. Analysts expect earnings to decline by 36.1% per year and revenue to grow at 3.7% per year, trailing the US market. The company's net profit margin improved, but investors must weigh the quality and sustainability of growth. The stock trades at a Price-to-Earnings multiple of 27.9x, above the US Retail REITs industry average, but below the peer average.