KRG vs. ADC

Last updated Jun 4, 2026

KRG (Kite Realty Group Trust) and ADC (Agree Realty Corporation) are both stocks. Both operate in the REIT - Retail industry within the Real Estate sector. Over the past 10 years, KRG returned 5.21%/yr vs 9.63%/yr for ADC. At a 0.49 correlation, their price movements are largely independent.

Performance

KRG vs. ADC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kite Realty Group Trust (KRG) and Agree Realty Corporation (ADC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KRG achieves a 15.34% return, which is significantly higher than ADC's 1.77% return. Over the past 10 years, KRG has underperformed ADC with an annualized return of 5.21%, while ADC has yielded a comparatively higher 9.63% annualized return.

KRG

• 1D: -0.56%
• 1M: 2.33%
• YTD: 15.34%
• 6M: 21.90%
• 1Y: 27.88%
• 3Y*: 15.72%
• 5Y*: 9.11%
• 10Y*: 5.21%

ADC

• 1D: -0.89%
• 1M: -4.88%
• YTD: 1.77%
• 6M: -1.21%
• 1Y: 0.57%
• 3Y*: 8.22%
• 5Y*: 4.50%
• 10Y*: 9.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KRG vs. ADC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KRG Kite Realty Group Trust	15.34%	-0.20%	15.46%	13.60%	0.80%	50.80%	-20.03%	53.21%	-22.48%	-11.52%
ADC Agree Realty Corporation	1.77%	6.62%	17.20%	-7.07%	3.50%	11.28%	-1.40%	22.71%	19.75%	16.42%

Correlation

The correlation between KRG and ADC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 12, 2004	0.49

The correlation between KRG and ADC has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

Fundamentals

Market Cap KRG : $5.53B ADC : $8.67B
EPS KRG : $1.33 ADC : $1.91
PE Ratio KRG : 20.16 ADC : 37.62
PS Ratio KRG : 6.98 ADC : 10.91
PB Ratio KRG : 1.94 ADC : 1.43
Total Revenue (TTM) KRG : $826.57M ADC : $750.05M
Gross Profit (TTM) KRG : $431.97M ADC : $667.57M
EBITDA (TTM) KRG : $719.77M ADC : $639.27M

Return for Risk

KRG vs. ADC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KRG

KRG Risk / Return Rank: 79
KRG Sharpe Ratio Rank: 81
KRG Sortino Ratio Rank: 76
KRG Omega Ratio Rank: 74
KRG Calmar Ratio Rank: 82
KRG Martin Ratio Rank: 84

ADC

ADC Risk / Return Rank: 38
ADC Sharpe Ratio Rank: 41
ADC Sortino Ratio Rank: 33
ADC Omega Ratio Rank: 33
ADC Calmar Ratio Rank: 41
ADC Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KRG vs. ADC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kite Realty Group Trust (KRG) and Agree Realty Corporation (ADC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	KRG	ADC	Difference
Sharpe ratio Return per unit of total volatility	1.47	0.04	+1.43
Sortino ratio Return per unit of downside risk	2.10	0.17	+1.93
Omega ratio Gain probability vs. loss probability	1.26	1.02	+0.24
Calmar ratio Return relative to maximum drawdown	3.02	0.05	+2.97
Martin ratio Return relative to average drawdown	8.65	0.13	+8.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KRG vs. ADC - Sharpe Ratio Comparison

The current KRG Sharpe Ratio is 1.47, which is higher than the ADC Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of KRG and ADC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KRG	ADC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	0.04	+1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.24	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.41	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.38	-0.32

Drawdowns

KRG vs. ADC - Drawdown Comparison

The maximum KRG drawdown since its inception was -88.63%, which is greater than ADC's maximum drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for KRG and ADC.

Drawdown Indicators

	KRG	ADC	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-70.25%	-18.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.27%	-11.14%	+1.87%
Max Drawdown (3Y) Largest decline over 3 years	-29.07%	-21.08%	-7.99%
Max Drawdown (5Y) Largest decline over 5 years	-29.07%	-29.52%	+0.45%
Max Drawdown (10Y) Largest decline over 10 years	-68.62%	-39.00%	-29.62%
Current Drawdown Current decline from peak	-9.88%	-11.14%	+1.26%
Average Drawdown Average peak-to-trough decline	-46.00%	-9.64%	-36.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	4.37%	-1.14%

Volatility

KRG vs. ADC - Volatility Comparison

Kite Realty Group Trust (KRG) has a higher volatility of 4.29% compared to Agree Realty Corporation (ADC) at 3.87%. This indicates that KRG's price experiences larger fluctuations and is considered to be riskier than ADC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KRG	ADC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	3.87%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	12.04%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.05%	15.92%	+3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.11%	18.79%	+8.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.85%	23.64%	+13.21%

Dividends

KRG vs. ADC - Dividend Comparison

KRG's dividend yield for the trailing twelve months is around 4.71%, more than ADC's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADC Agree Realty Corporation	4.35%	4.28%	4.26%	4.64%	3.95%	3.65%	3.61%	3.25%	3.65%	3.94%	4.17%	5.43%
KRG Kite Realty Group Trust	4.71%	4.51%	4.00%	4.20%	3.90%	3.12%	3.00%	8.13%	9.01%	6.17%	4.83%	4.16%

Financials

KRG vs. ADC - Profitability Comparison

The chart below illustrates the profitability comparison between Kite Realty Group Trust and Agree Realty Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KRG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kite Realty Group Trust reported a gross profit of 144.76M and revenue of 200.70M. Therefore, the gross margin over that period was 72.1%.

ADC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported a gross profit of 186.09M and revenue of 200.81M. Therefore, the gross margin over that period was 92.7%.

KRG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kite Realty Group Trust reported an operating income of 130.81M and revenue of 200.70M, resulting in an operating margin of 65.2%.

ADC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported an operating income of 98.55M and revenue of 200.81M, resulting in an operating margin of 49.1%.

KRG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kite Realty Group Trust reported a net income of 11.39M and revenue of 200.70M, resulting in a net margin of 5.7%.

ADC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported a net income of 60.19M and revenue of 200.81M, resulting in a net margin of 30.0%.

Frequently Asked Questions

Can I hold both KRG and ADC in my portfolio?

KRG and ADC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KRG or ADC?

KRG has higher volatility (4.29%) compared to ADC (3.87%). In terms of maximum drawdown, KRG dropped -88.63% vs ADC's -70.25%.

Which has better risk-adjusted returns?

KRG currently has the higher Sharpe Ratio (1.47 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.