Dilution profile // every instrument, one screen, from SEC filings

KITE REALTY GROUP TRUST (KRG)

CIK 1286043 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$306M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW-10% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-02-162026-10-23

Latest: 198.0M shares as of Oct 23, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-10-23
HowThe newest cover-page count as filed, whatever its age. The float checker applies a 200-day freshness rule and sets this beside the balance-sheet count.
Open the source document →
Share count fell from 332.7M to 83.5M between Aug 1, 2014 and Nov 3, 2014, a pattern consistent with a reverse split (roughly 1-for-4); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Exchangeable Senior Notes$345.0M—$35.43.25%~9.7M sh

If every note above converted at its tagged price: ~9.7M new shares on 198.0M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Oct 30, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding198.0MOct 23, 2026
+ Exchangeable Senior Notes (if fully converted)9.7MJul 2, 2026
Fully diluted estimate207.7M+4.9% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $305.7Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRSep 18, 2026$305.7M registeredfiling →
S-3ASRJun 7, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3ASRJun 7, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 1 registered.

REGISTEREDSep 18, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDJul 2, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDJun 7, 2024Automatic shelf registration — effective immediately (large filers)S-3ASR →
REGISTEREDJun 7, 2024Automatic shelf registration — effective immediately (large filers)S-3ASR →
UPDATEJun 7, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDNov 30, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVENov 17, 2021SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 16, 2021Automatic shelf registration — effective immediately (large filers)S-3ASR →
UPDATESep 14, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVESep 14, 2021SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJun 9, 2021Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDMar 22, 2021Unregistered share sale disclosed (8-K item 3.02)8-K →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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