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KIMCO REALTY CORP (KIM) Stock Fundamental Analysis

NYSE:KIM - New York Stock Exchange, Inc. - US49446R1095 - REIT - Currency: USD

21.78  -0.2 (-0.91%)

After market: 21.5729 -0.21 (-0.95%)

Fundamental Rating

5

KIM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. Both the profitability and the financial health of KIM get a neutral evaluation. Nothing too spectacular is happening here. KIM has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

KIM had positive earnings in the past year.
In the past year KIM had a positive cash flow from operations.
Each year in the past 5 years KIM has been profitable.
KIM had a positive operating cash flow in each of the past 5 years.
KIM Yearly Net Income VS EBIT VS OCF VS FCFKIM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

1.2 Ratios

KIM has a Return On Assets of 2.61%. This is in the better half of the industry: KIM outperforms 72.87% of its industry peers.
KIM's Return On Equity of 4.87% is fine compared to the rest of the industry. KIM outperforms 68.22% of its industry peers.
KIM has a Return On Invested Capital of 2.77%. This is comparable to the rest of the industry: KIM outperforms 51.16% of its industry peers.
KIM had an Average Return On Invested Capital over the past 3 years of 2.59%. This is in line with the industry average of 3.16%.
The 3 year average ROIC (2.59%) for KIM is below the current ROIC(2.77%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.61%
ROE 4.87%
ROIC 2.77%
ROA(3y)1.94%
ROA(5y)3.72%
ROE(3y)3.71%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
KIM Yearly ROA, ROE, ROICKIM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

KIM has a Profit Margin of 24.90%. This is in the better half of the industry: KIM outperforms 79.07% of its industry peers.
In the last couple of years the Profit Margin of KIM has declined.
KIM has a Operating Margin of 32.77%. This is in the better half of the industry: KIM outperforms 70.54% of its industry peers.
In the last couple of years the Operating Margin of KIM has declined.
KIM has a Gross Margin of 68.70%. This is comparable to the rest of the industry: KIM outperforms 55.04% of its industry peers.
KIM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 32.77%
PM (TTM) 24.9%
GM 68.7%
OM growth 3Y-0.51%
OM growth 5Y-3.5%
PM growth 3Y-32.69%
PM growth 5Y-8.94%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
KIM Yearly Profit, Operating, Gross MarginsKIM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KIM is destroying value.
The number of shares outstanding for KIM has been increased compared to 1 year ago.
The number of shares outstanding for KIM has been increased compared to 5 years ago.
Compared to 1 year ago, KIM has about the same debt to assets ratio.
KIM Yearly Shares OutstandingKIM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
KIM Yearly Total Debt VS Total AssetsKIM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

Based on the Altman-Z score of 1.17, we must say that KIM is in the distress zone and has some risk of bankruptcy.
KIM has a Altman-Z score of 1.17. This is amongst the best in the industry. KIM outperforms 80.62% of its industry peers.
KIM has a debt to FCF ratio of 17.38. This is a negative value and a sign of low solvency as KIM would need 17.38 years to pay back of all of its debts.
The Debt to FCF ratio of KIM (17.38) is better than 81.40% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that KIM is somewhat dependend on debt financing.
KIM has a better Debt to Equity ratio (0.76) than 72.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 17.38
Altman-Z 1.17
ROIC/WACC0.4
WACC6.89%
KIM Yearly LT Debt VS Equity VS FCFKIM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B 10B

2.3 Liquidity

A Current Ratio of 1.24 indicates that KIM should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.24, KIM is doing good in the industry, outperforming 62.02% of the companies in the same industry.
KIM has a Quick Ratio of 1.24. This is a normal value and indicates that KIM is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of KIM (1.24) is better than 62.79% of its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 1.24
KIM Yearly Current Assets VS Current LiabilitesKIM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 42.59% over the past year.
The Earnings Per Share has been decreasing by -6.89% on average over the past years.
KIM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.23%.
Measured over the past years, KIM shows a quite strong growth in Revenue. The Revenue has been growing by 11.94% on average per year.
EPS 1Y (TTM)42.59%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%700%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%7.56%

3.2 Future

KIM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.34% yearly.
Based on estimates for the next years, KIM will show a small growth in Revenue. The Revenue will grow by 3.96% on average per year.
EPS Next Y23.65%
EPS Next 2Y14.13%
EPS Next 3Y13%
EPS Next 5Y7.34%
Revenue Next Year5.27%
Revenue Next 2Y4.26%
Revenue Next 3Y2.96%
Revenue Next 5Y3.96%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
KIM Yearly Revenue VS EstimatesKIM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B 2B 2.5B
KIM Yearly EPS VS EstimatesKIM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0.5 1 1.5 2

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 28.29, the valuation of KIM can be described as expensive.
Based on the Price/Earnings ratio, KIM is valued a bit cheaper than 66.67% of the companies in the same industry.
KIM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.04, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 29.86, the valuation of KIM can be described as expensive.
Based on the Price/Forward Earnings ratio, KIM is valued a bit cheaper than 75.97% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 37.64. KIM is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 28.29
Fwd PE 29.86
KIM Price Earnings VS Forward Price EarningsKIM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KIM indicates a slightly more expensive valuation: KIM is more expensive than 76.74% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than the industry average as 72.09% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 31.92
EV/EBITDA 17.7
KIM Per share dataKIM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

KIM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
KIM has a very decent profitability rating, which may justify a higher PE ratio.
KIM's earnings are expected to grow with 13.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.2
PEG (5Y)N/A
EPS Next 2Y14.13%
EPS Next 3Y13%

4

5. Dividend

5.1 Amount

KIM has a Yearly Dividend Yield of 4.55%, which is a nice return.
KIM's Dividend Yield is slightly below the industry average, which is at 6.44.
Compared to an average S&P500 Dividend Yield of 2.31, KIM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.55%

5.2 History

The dividend of KIM decreases each year by -3.26%.
KIM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.26%
Div Incr Years0
Div Non Decr Years0
KIM Yearly Dividends per shareKIM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

134.86% of the earnings are spent on dividend by KIM. This is not a sustainable payout ratio.
DP134.86%
EPS Next 2Y14.13%
EPS Next 3Y13%
KIM Yearly Income VS Free CF VS DividendKIM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M
KIM Dividend Payout.KIM Dividend Payout, showing the Payout Ratio.KIM Dividend Payout.PayoutRetained Earnings

KIMCO REALTY CORP

NYSE:KIM (7/25/2025, 8:04:00 PM)

After market: 21.5729 -0.21 (-0.95%)

21.78

-0.2 (-0.91%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)05-01 2025-05-01/bmo
Earnings (Next)07-31 2025-07-31/bmo
Inst Owners97.22%
Inst Owner Change0.12%
Ins Owners2.18%
Ins Owner Change1.48%
Market Cap14.73B
Analysts71.85
Price Target24.74 (13.59%)
Short Float %2.85%
Short Ratio4.31
Dividend
Industry RankSector Rank
Dividend Yield 4.55%
Yearly Dividend1.06
Dividend Growth(5Y)-3.26%
DP134.86%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-06 2025-06-06 (0.25)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.81%
Min EPS beat(2)3.1%
Max EPS beat(2)26.51%
EPS beat(4)4
Avg EPS beat(4)12.13%
Min EPS beat(4)3.1%
Max EPS beat(4)26.51%
EPS beat(8)6
Avg EPS beat(8)-2.33%
EPS beat(12)7
Avg EPS beat(12)-28.29%
EPS beat(16)10
Avg EPS beat(16)43.37%
Revenue beat(2)2
Avg Revenue beat(2)1.67%
Min Revenue beat(2)1.6%
Max Revenue beat(2)1.74%
Revenue beat(4)3
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-1.3%
Max Revenue beat(4)1.74%
Revenue beat(8)5
Avg Revenue beat(8)0.84%
Revenue beat(12)9
Avg Revenue beat(12)1.07%
Revenue beat(16)13
Avg Revenue beat(16)2.78%
PT rev (1m)0.87%
PT rev (3m)-3.11%
EPS NQ rev (1m)-0.43%
EPS NQ rev (3m)-2.94%
EPS NY rev (1m)1.19%
EPS NY rev (3m)0.98%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.42%
Valuation
Industry RankSector Rank
PE 28.29
Fwd PE 29.86
P/S 7.12
P/FCF 31.92
P/OCF 13.99
P/B 1.39
P/tB 1.39
EV/EBITDA 17.7
EPS(TTM)0.77
EY3.54%
EPS(NY)0.73
Fwd EY3.35%
FCF(TTM)0.68
FCFY3.13%
OCF(TTM)1.56
OCFY7.15%
SpS3.06
BVpS15.65
TBVpS15.65
PEG (NY)1.2
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.61%
ROE 4.87%
ROCE 3.51%
ROIC 2.77%
ROICexc 2.79%
ROICexgc 2.83%
OM 32.77%
PM (TTM) 24.9%
GM 68.7%
FCFM 22.3%
ROA(3y)1.94%
ROA(5y)3.72%
ROE(3y)3.71%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
ROICexc(3y)2.67%
ROICexc(5y)2.47%
ROICexgc(3y)2.72%
ROICexgc(5y)2.5%
ROCE(3y)3.28%
ROCE(5y)3.05%
ROICexcg growth 3Y11.55%
ROICexcg growth 5Y-4.11%
ROICexc growth 3Y10.84%
ROICexc growth 5Y-4.28%
OM growth 3Y-0.51%
OM growth 5Y-3.5%
PM growth 3Y-32.69%
PM growth 5Y-8.94%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
F-Score6
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 17.38
Debt/EBITDA 6.24
Cap/Depr 97.41%
Cap/Sales 28.59%
Interest Coverage 2.18
Cash Conversion 81.92%
Profit Quality 89.58%
Current Ratio 1.24
Quick Ratio 1.24
Altman-Z 1.17
F-Score6
WACC6.89%
ROIC/WACC0.4
Cap/Depr(3y)94.6%
Cap/Depr(5y)114.14%
Cap/Sales(3y)27.48%
Cap/Sales(5y)32.82%
Profit Quality(3y)199.49%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.59%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%700%
EPS Next Y23.65%
EPS Next 2Y14.13%
EPS Next 3Y13%
EPS Next 5Y7.34%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%7.56%
Revenue Next Year5.27%
Revenue Next 2Y4.26%
Revenue Next 3Y2.96%
Revenue Next 5Y3.96%
EBIT growth 1Y13.65%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year105.71%
EBIT Next 3Y29.14%
EBIT Next 5Y18.95%
FCF growth 1Y8.2%
FCF growth 3YN/A
FCF growth 5Y30.79%
OCF growth 1Y4.11%
OCF growth 3Y17.56%
OCF growth 5Y11.5%