Kimco Realty Corporation
Exchange: NYSESector: Real EstateIndustry: REIT - Retail
Kimco Realty® is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company's portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2025, the company owned interests in 566 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space. SOURCE Bozzuto
Did you know?
Pays a 4.53% dividend yield.
Current Price
$23.38
-1.10%GoodMoat Value
$18.10
22.6% overvaluedProfile
Valuation (TTM)
Market Cap$15.76B
P/E26.86
EV$23.47B
P/B1.52
Shares Out674.07M
P/Sales7.29
Revenue$2.16B
EV/EBITDA15.17
Kimco Realty Corporation (KIM) Stock Analysis
GoodMoat Analysis
Kimco Realty is a retail REIT with a portfolio of open-air shopping centers, but it fails the initial quality gate of the GoodMoat framework. Its low Moat Score and weak quality indicators, combined with a valuation above the platform's target price, make it an unfavourable candidate for further value investing analysis.
Read full analysis
Kimco Realty Corporation (KIM) is a Real Estate Investment Trust (REIT) that owns and operates a portfolio of open-air, grocery-anchored shopping centers. From a value investing perspective, it fails the first step of the GoodMoat Decision Framework. Its Moat Score is low, likely meeting only a few criteria such as potential scale privilege in its specific retail real estate niche and regulatory barriers inherent to the REIT structure. However, it lacks the high-scoring moats like network effects, proprietary data, or significant technology leadership. More critically, its Quality Indicators are weak. Key metrics like an ROE of 5.6% and a revenue growth rate of 3.2% YoY fall far short of the high-return, double-digit growth benchmarks for a quality business. While its operating margin of 36.0% and dividend yield of 4.71% are positive, the overall profile does not suggest a durable competitive advantage or superior financial strength. On valuation, the current price of $22.41 is above the GoodMoat Target of $18.10, indicating a negative margin of safety. The P/E of 27.4x is also high for a business with single-digit growth. Given its failure to pass the Moat & Quality Gate, further valuation analysis is not warranted under this framework. The stock is classified as unfavourable for a value investor seeking high-quality businesses with a margin of safety. Analysis based on data as of 2024-05-15.
Market Cap$15.76B
Current Price$23.38
P/E Ratio26.86
Forward P/E—
PEG Ratio0.97
EPS$0.82
Book Value$15.42
P/B Ratio1.52
KIM Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 6.2% FCF growth (CAGR)
Cash vs Debt
Net Debt: 8.1B
Revenue
1.2B
FY19
1.1B
FY20
1.4B
FY21
1.7B
FY22
1.8B
FY23
2.0B
FY24
2.1B
FY25
Net Income
411M
FY19
1.0B
FY20
844M
FY21
126M
FY22
654M
FY23
411M
FY24
585M
FY25
KIM 52-Week Range
$19.40
$24.19
50-Day MA: $23.13200-Day MA: $21.36
Did you know?
Price sits at 83% of its 52-week range.
Kimco Realty Corporation (KIM) Financial Summary
Kimco Realty Corporation (KIM) is a Real Estate company in the REIT - Retail industry, listed on NYSE. The stock currently trades at $23.38 with a market capitalization of $15.76B.
Key valuation metrics include a P/E ratio of 26.86, price-to-book ratio of 1.52, and EPS of $0.82. The company reports a profit margin of 28.5% and return on equity of 5.9%.
KIM Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $15.76B |
| P/E Ratio | 26.86 |
| EPS | $0.82 |
| P/B Ratio | 1.52 |
| P/S Ratio | 7.29 |
| EV/EBITDA | 15.17 |
| Dividend Yield | 4.53% |
| Profit Margin | 28.5% |
| Return on Equity | 5.9% |
| Debt/Equity | 0.80 |
KIM Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $1.16B | $410.61M |
| FY20 | $1.06B | $1.00B |
| FY21 | $1.36B | $844.06M |
| FY22 | $1.73B | $125.98M |
| FY23 | $1.78B | $654.27M |
| FY24 | $2.04B | $410.79M |
| FY25 | $2.14B | $584.74M |
Kimco Realty Corporation (KIM) Valuation
Based on GoodMoat's DCF model, Kimco Realty Corporation has a fair value estimate of $18.10. At the current price of $23.38, the stock appears 29.2% overvalued relative to our intrinsic value estimate.
KIM Quality Indicators
Kimco Realty Corporation maintains a profit margin of 28.5% and an operating margin of 36.0%. Return on equity stands at 5.9%. Debt-to-equity ratio is 0.80.
About Kimco Realty Corporation
Kimco Realty® is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company's portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2025, the company owned interests in 566 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space. SOURCE Bozzuto
KIM Free Cash Flow
Kimco Realty Corporation generated $662.65M in trailing twelve-month free cash flow, representing an FCF yield of 4.20%. This moderate FCF yield indicates reasonable cash generation.
KIM Shares Outstanding
Kimco Realty Corporation has 0.67 billion shares outstanding at a share price of $23.38, giving it a market capitalization of $15.76B.
KIM Recent Insider Trades
Recent insider transactions at Kimco Realty Corporation include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| LOURENSO FRANK (Director) | SELL | 8,594 | $198872.04 |