Kimco Realty (KIM) AI Stock Analysis

• Market Cap: $15.71B
• Dividend Yield: 5.02%
• Average Volume (3M): 5.44M
• Price to Earnings (P/E): 28.7
• Beta (1Y): 0.66
• Revenue Growth: 7.99%
• EPS Growth: 55.05%
• Country: US
• Employees: 717
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.21
• Shares Outstanding: 674,066,650
• 10 Day Avg. Volume: 5,292,890
• 30 Day Avg. Volume: 5,437,809
• PEG Ratio: 0.46
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 6.38
• P/FCF Ratio: 12.20
• Enterprise Value/Market Cap: 1.53
• Enterprise Value/Revenue: 11.21
• Enterprise Value/Gross Profit: 20.51
• Enterprise Value/Ebitda: 15.71
• 1Y Price Target: $24.15
• Price Target Upside: 3.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 16
• EPS Forecast (FY): 0.77
• Revenue Forecast (FY): $2.20B

• Rating: 71 Outperform
• Price Target: $25.00 ▲(7.30% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is driven primarily by solid financial performance (strong recent growth and improved free cash flow) and a favorable technical uptrend. Earnings-call commentary adds support via strong operating metrics and liquidity, while valuation is a moderating factor due to the higher P/E despite a healthy dividend yield.

Positive Factors

Improving cash generation and FFO growth

Kimco delivered material FFO per-share growth (6.7%) and a sharp free-cash-flow rebound in 2025, showing durable operating cash conversion. Reliable cash generation supports dividend coverage, buybacks, and disciplined reinvestment, underpinning long-term capital allocation and financial resilience.

Strong leasing, occupancy and SNO pipeline

Record occupancy and elevated new-leasing volumes coupled with a sizable signed-not-open pipeline provide durable revenue visibility and organic NOI tailwinds. High occupancy reduces downside vacancy risk and the SNO pipeline supports steadier future rent commencements and same-property NOI growth.

Solid liquidity and investment-grade credit profile

Ample immediate liquidity and an A-level unsecured credit rating provide financial flexibility to weather market cycles, execute dispositions or redeploy capital, and manage near-term maturities. This balance-sheet strength supports strategic capital recycling and reduces refinancing risk over the medium term.

Negative Factors

2026 refinancing and maturity concentration

A concentrated 2026 maturity slate requires proactive refinancing or asset sales; replacing low-coupon debt can raise interest costs and strain cash flow. Execution risk on timing and terms could pressure coverage metrics and limit discretionary capital deployment if market conditions tighten.

Public-private valuation disconnect could trigger taxable gains

A structural valuation gap complicates disposition execution and may force sales that realize taxable gains or require 1031 workarounds. Taxable gains could lead to special dividends or constrain net proceeds available for reinvestment, impairing long-term capital recycling economics.

Moderating FFO growth and earnings visibility

Guidance indicates a notable deceleration in per-share growth, reflecting tougher comps and conservative assumptions. Slower FFO growth reduces margin for error on execution, limits rapid balance-sheet deleveraging, and lengthens the time horizon to materially lift returns on equity absent higher-yield dispositions.

Kimco Realty Business Overview & Revenue Model

Company Description

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America's largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. As of September 30, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years.

How the Company Makes Money

Kimco Realty generates revenue primarily through rental income from its diverse portfolio of retail properties. The company leases space to a wide range of tenants, including national and regional retailers, restaurants, and service providers, which provides a steady stream of cash flow. Additionally, Kimco benefits from leasing ancillary services, such as advertising and promotions, and may engage in property management services for third-party owners. The company's revenue model is bolstered by long-term leases with tenants, which typically include provisions for rent escalations and percentage rent based on tenant sales. Partnerships with national retailers also contribute to Kimco's financial stability, as these tenants tend to have stronger credit ratings, reducing the risk of defaults. Furthermore, the company actively seeks to redevelop or reposition underperforming assets, enhancing overall profitability.

Kimco Realty Financial Statement Overview

Summary

Strong recent revenue growth and solid profitability with consistently positive operating cash flow and a sharp 2025 free-cash-flow rebound support the score. Offsetting factors include multi-year margin and free-cash-flow volatility, moderate ROE, and an operating cash flow coverage ratio data anomaly that reduces confidence in that specific signal.

Income Statement

Revenue shows a strong multi-year uptrend (2025 up ~80% vs. 2024; 2024 up ~14%), and profitability remains solid with a 2025 net margin of ~27% and strong EBITDA margin (~71%). However, profit margins have been volatile across years (net margin ranged from ~7% in 2022 to ~62% in 2021 and ~95% in 2020), and 2025 gross margin stepped down versus 2024, suggesting some inconsistency in earnings quality/expense dynamics.

Balance Sheet

Leverage appears manageable for a retail REIT, with debt-to-equity broadly stable around ~0.76–0.81 in 2021–2025 (improving from ~0.97 in 2020). Equity is sizable (~$10.4B in 2025) against a large asset base (~$19.7B). The main watch-out is that returns on equity are modest (about ~5.6% in 2025, ~3.9% in 2024), indicating limited profitability relative to capital and sensitivity to operating/valuation swings typical of the sector.

Cash Flow

Operating cash flow is consistently positive and generally rising (about $1.12B in 2025 vs. $1.01B in 2024). Free cash flow improved sharply in 2025 (to ~$1.12B from ~$681M in 2024), and 2025 free cash flow is roughly in line with net income (about 1.0x), supporting dividend capacity. Offsetting this, free cash flow growth has been uneven (declines in 2023–2024 before the 2025 rebound), and the provided 2025 operating cash flow coverage ratio is listed as 0.0, which is a data anomaly and reduces confidence in that specific signal.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.14B	2.04B	1.78B	1.73B	1.36B
Gross Profit	1.17B	1.40B	1.23B	1.20B	946.67M
EBITDA	1.62B	1.26B	1.40B	1.06B	1.34B
Net Income	584.10M	410.79M	654.27M	125.98M	844.06M
Balance Sheet
Total Assets	19.69B	20.31B	18.27B	17.83B	18.46B
Cash, Cash Equivalents and Short-Term Investments	212.79M	690.91M	1.11B	744.70M	1.54B
Total Debt	8.43B	8.58B	7.73B	7.27B	7.60B
Total Liabilities	9.12B	9.46B	8.55B	8.09B	8.34B
Stockholders Equity	10.39B	10.65B	9.53B	9.52B	9.90B
Cash Flow
Free Cash Flow	1.12B	681.16M	807.21M	861.11M	618.88M
Operating Cash Flow	1.12B	1.01B	1.07B	861.11M	618.88M
Investing Cash Flow	-376.81M	-318.54M	-136.98M	-63.22M	-476.26M
Financing Cash Flow	-1.22B	-781.11M	-300.70M	-982.73M	-101.14M

Kimco Realty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KIM, the sentiment is Positive. The current price of 23.3 is above the 20-day moving average (MA) of 21.96, above the 50-day MA of 21.05, and above the 200-day MA of 20.92, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 70.14 is Negative, neither overbought nor oversold. The STOCH value of 89.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KIM.

Kimco Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NNN	80 Outperform	$8.28B	21.06	8.89%	6.04%	4.53%	-3.46%
REG	77 Outperform	$14.13B	27.59	7.74%	4.15%	5.38%	3.13%
BRX	73 Outperform	$9.14B	23.79	12.86%	4.41%	6.07%	-0.28%
FRT	72 Outperform	$9.35B	23.33	12.76%	4.38%	6.05%	14.70%
KIM	71 Outperform	$15.71B	28.68	5.53%	5.02%	7.99%	55.05%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
KRG	65 Neutral	$5.25B	18.58	9.35%	4.55%	3.67%	―

Kimco Realty Corporate Events

Kimco Realty Announces Chief Accounting Officer Transition

Kimco Realty Corporation announced a planned leadership transition in its accounting function, following the January 27, 2026 notice by Paul Westbrook of his intention to retire as Vice President and Chief Accounting Officer of the company and Kimco Realty OP, LLC, effective March 31, 2026. The company stated that Westbrook’s departure is not related to any disagreements over operations or accounting matters, and that Senior Vice President and Treasurer, Corporate Accounting, Kathleen Thayer will assume the role of Executive Vice President, Treasurer and Chief Accounting Officer effective April 1, 2026, bringing two decades of experience at Kimco and prior audit management experience at BDO Seidman, LLP, which supports continuity and stability in the company’s financial leadership.

The most recent analyst rating on (KIM) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on Kimco Realty stock, see the KIM Stock Forecast page.

Kimco Realty Adds COO David Jamieson to Board

On January 19, 2026, Kimco Realty’s board expanded from nine to ten members and elected longtime executive David Jamieson, the company’s Executive Vice President and Chief Operating Officer, as a director without additional compensation or committee assignments. The move, formally announced in a January 21, 2026 press release, brings a senior operating leader with deep experience in asset management, redevelopment, mixed-use strategy, investment approvals and corporate responsibility directly into the boardroom, signaling an emphasis on operational execution, technology-driven performance and long-term portfolio value creation as Kimco navigates an evolving retail real estate landscape and seeks to reinforce shareholder value.

The most recent analyst rating on (KIM) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Kimco Realty stock, see the KIM Stock Forecast page.