Kite Realty (KRG): Tenant Roster and What It Means for Investors

Kite Realty Group Trust (KRG) operates as a vertically integrated retail REIT that owns, develops, and leases grocery‑anchored open‑air shopping centers and mixed‑use assets, monetizing through contractual base rents, percentage rents, expense reimbursements and returns on development capital. The company’s operating model is driven by active leasing and redevelopment activity in high‑growth U.S. markets, and investor focus should be on lease durability, tenant diversity, and the yield on redeployed capital. For a broader view of tenant exposures and sourcing methodology, visit https://nullexposure.com/.

High‑level takeaways for capital allocators

KRG’s tenant list reads like a cross‑section of national anchors and specialty retailers: grocers, discount chains, experiential retail and large national concepts. The company reports a portfolio that is 95.0% leased with no single retail tenant representing more than 2.8% of annualized base rent, which supports a thesis of diversified cashflow and limited single‑tenant concentration risk. KRG also emphasizes development returns, noting blended comparable cash spreads and gross returns on capital on anchor leasing activity in 2025.

Concentration: tenant base is broadly diversified — immaterial single‑tenant concentration is a company‑level signal from the 2024 10‑K.
Contracting posture: leasing is primarily long‑dated operating leases; expirations are tracked and disclosed as a portfolio metric.
Criticality: tenants are core retail anchors and grocery concepts, which underpin center foot traffic and valuation.

Explore tenant‑level exposure by leasing vintage and geography at https://nullexposure.com/.

Constraints and operating model signals

KRG’s public filings and calls provide consistent company‑level signals rather than relationship‑specific caveats:

Long‑term leases dominate the portfolio: KRG discloses scheduled lease expirations and recognizes base rents on a straight‑line basis, indicating a long‑term, lessor posture (KRG 2024 Form 10‑K).
Geographic focus in the U.S. Sun Belt and select gateway markets: management cites concentration in Texas, Florida, Virginia, Indiana and New York as material geography signals (KRG 2024 Form 10‑K).
Immaterial single‑tenant risk: no tenant accounted for more than 2.8% of ABR in FY2024, a portfolio‑level materiality signal (KRG 2024 Form 10‑K).
Active, income‑generating relationships: portfolio leasing and rent collections are described as principal revenue drivers and the portfolio was ~95% leased as of the filing (KRG 2024 Form 10‑K).

If you want a consolidated view of lease expirations and tenant ABR, go to https://nullexposure.com/.

Tenant roster — line‑by‑line results pulled from KRG disclosures

Below is a concise, source‑attributed list matching each relationship referenced in the results set.

Publix Super Markets, Inc. — Listed among retail tenants in KRG’s tenant roll in the 2024 Form 10‑K (FY2024). (KRG 2024 10‑K)
BJ’s Wholesale Club, Inc. — Identified in KRG’s FY2024 tenant table as a recurring tenant for KRG centers. (KRG 2024 10‑K)
Burlington Stores, Inc. — Appears in the FY2024 tenant schedule reported in KRG’s 10‑K. (KRG 2024 10‑K)
Designer Brands Inc. (DSW) — Included among KRG’s specialty apparel/shoe tenants in its 2024 10‑K tenant disclosure. (KRG 2024 10‑K)
Dick’s Sporting Goods, Inc. — Listed as an anchor tenant (including Golf Galaxy) in KRG’s FY2024 tenant data. (KRG 2024 10‑K)
Fitness International, LLC (LA Fitness / XSport) — Noted in the FY2024 tenant table as a multi‑location fitness operator within KRG centers. (KRG 2024 10‑K)
Five Below, Inc. — Included in KRG’s FY2024 tenant list and ABR schedule. (KRG 2024 10‑K)
Gap Inc. (Old Navy, The Gap, Athleta, Banana Republic) — Reported as a multi‑brand tenant presence in the FY2024 tenant roll. (KRG 2024 10‑K)
KnitWell Group (Chico’s, Talbots, LOFT, Soma, Ann Taylor, White House Black Market) — Appears in the FY2024 tenant breakdown as a portfolio of specialty apparel concepts. (KRG 2024 10‑K)
Kohl’s Corporation — Identified in the FY2024 10‑K tenant schedule. (KRG 2024 10‑K)
Lowe’s Companies, Inc. — Listed in KRG’s FY2024 tenant roll as a large‑format tenant. (KRG 2024 10‑K)
Michaels Stores, Inc. — Included among KRG tenants in the FY2024 tenant table. (KRG 2024 10‑K)
Nordstrom, Inc. (Nordstrom Rack) — Reported in the FY2024 tenant schedule as a discount department store presence. (KRG 2024 10‑K)
Office Depot, Inc. (Office Depot / OfficeMax) — Appears in KRG’s FY2024 tenant disclosure. (KRG 2024 10‑K)
Petco Health and Wellness Company, Inc. — Listed in the FY2024 tenant table as a pet‑care anchor. (KRG 2024 10‑K)
PetSmart, Inc. — Included among KRG’s FY2024 retail tenants. (KRG 2024 10‑K)
Best Buy Co., Inc. (Best Buy / Pacific Sales) — Reported in KRG’s FY2024 tenant schedule as an electronics anchor. (KRG 2024 10‑K)
Ross Stores, Inc. — Identified in the FY2024 tenant list (Ross Dress for Less and related banners). (KRG 2024 10‑K)
Sprouts Farmers Market, Inc. — Listed in KRG’s FY2024 tenant disclosures as a grocery tenant. (KRG 2024 10‑K)
The Container Store Group, Inc. — Appears in the FY2024 tenant schedule. (KRG 2024 10‑K)
The Kroger Co. (Kroger / Harris Teeter / QFC / Smith’s) — Noted in the FY2024 tenant table as multiple grocery banners. (KRG 2024 10‑K)
The TJX Companies, Inc. (T.J. Maxx, Marshalls, HomeGoods, Homesense, Sierra) — Reported as a large multi‑banner tenant in FY2024. (KRG 2024 10‑K)
Total Wine & More — Included in KRG’s FY2024 tenant roll. (KRG 2024 10‑K)
Trader Joe’s — Listed among grocery tenants in the FY2024 10‑K schedule. (KRG 2024 10‑K)
Ulta Beauty, Inc. — Included as a specialty beauty tenant in the FY2024 10‑K. (KRG 2024 10‑K)
Crate & Barrel — Management highlighted executed anchor leases including Crate & Barrel on KRG’s Q3 2025 earnings call (2025Q3). (KRG Q3 2025 earnings call)
HomeSense — Cited as an executed anchor lease in Q3 2025 and referenced in Q4 2025 leasing commentary. (KRG Q3 2025 & Q4 2025 earnings calls)
Alo Yoga — Mentioned as part of retail leasing at an expansion project that was ~65% leased on the Q4 2025 earnings call. (KRG Q4 2025 earnings call)
Barnes & Noble — Included in KRG’s 2025 anchor leasing summary on the Q4 2025 earnings call. (KRG Q4 2025 earnings call)
Williams‑Sonoma — Referenced on KRG’s Q4 2025 call as part of retail leasing at an expansion that was ~65% leased; also captured in media summaries (InsiderMonkey, Mar 2026). (KRG Q4 2025 earnings call; InsiderMonkey summary)
Ralph Lauren — Named by management as a signed or opened name at the Legacy West acquisition on the Q4 2025 call and in media summaries. (KRG Q4 2025 earnings call; InsiderMonkey summary)
Buck Mason — Cited as an opening at Legacy West in Q4 2025 commentary and in press summaries. (KRG Q4 2025 earnings call; InsiderMonkey summary)
Seventh Avenue — Listed among brands opened at Legacy West in Q4 2025 remarks and media coverage. (KRG Q4 2025 earnings call; InsiderMonkey summary)
Adidas — Identified among Legacy West openings on the Q4 2025 call and referenced in accompanying summaries. (KRG Q4 2025 earnings call; InsiderMonkey summary)
Arhaus — Mentioned as part of a retail expansion that was reported ~65% leased on the Q4 2025 call. (KRG Q4 2025 earnings call)
Watches of Switzerland — Named among openings at Legacy West during Q4 2025 commentary and in press synopses. (KRG Q4 2025 earnings call; InsiderMonkey summary)
CAVA — Management listed executed leases with CAVA in Q3 2025 leasing activity. (KRG Q3 2025 earnings call)
The Henry — Cited as a signed/opened tenant at Legacy West in Q4 2025 remarks and media summaries. (KRG Q4 2025 earnings call; InsiderMonkey summary)
Kitchen Social — Included among new leases referenced on the Q3 2025 call. (KRG Q3 2025 earnings call)
Fit Peak — Mentioned as part of Q3 2025 leasing activity. (KRG Q3 2025 earnings call)
Rockies — Named in Q3 2025 leasing commentary as an executed lease. (KRG Q3 2025 earnings call)
Free People — Listed among tenants added in Q3 2025 leasing remarks. (KRG Q3 2025 earnings call)
Whole Foods — Repeatedly referenced as an anchor signed in both Q3 2025 and Q4 2025 leasing summaries and in press recaps. (KRG Q3 2025 & Q4 2025 earnings calls; InsiderMonkey summary)
Nordstrom Rack — Cited on both Q3 2025 and Q4 2025 calls as part of anchor leasing activity. (KRG Q3 2025 & Q4 2025 earnings calls; InsiderMonkey summary)
Pottery Barn — Noted in Q4 2025 expansion leasing commentary as part of the 65% leased retail package. (KRG Q4 2025 earnings call; InsiderMonkey summary)
Sierra — Included in KRG’s Q4 2025 anchor leasing summary and related press notes. (KRG Q4 2025 earnings call; InsiderMonkey summary)
Tatte — Mentioned in Q4 2025 retail expansion leasing updates captured in press summaries. (InsiderMonkey summary)

(Entries above map to each result row in the provided results set; source context is shown parenthetically for clarity.)

Investment implications and risks

KRG’s tenant roster supports a diversified, grocery‑anchored income profile that reduces single‑tenant earnings volatility, while its active redevelopment program creates outsized return potential on redeployment of capital. Key risk vectors are tenant secular weakness in discretionary retail sub‑segments, localized concentration in Sun Belt markets, and the normal cyclicality of retail leasing spreads when capital markets re‑price development yield requirements.

For a tenant exposure dashboard and to track new leasing disclosures that impact valuation, visit https://nullexposure.com/.

Bottom line

KRG’s mix of national grocers, discount anchors and specialty retailers results in broadly diversified ABR and sizeable development upside reflected in management’s reported leasing spreads for 2025. Investors should weigh the stability of contractual rents against execution risk on redevelopments when modeling NOI and FFO. For deeper tenant‑level analytics and real‑time monitoring of relationship disclosures, return to https://nullexposure.com/.