Kimco Realty (KIM) AI Stock Analysis

• Market Cap: $15.07B
• Dividend Yield: 4.4%
• Average Volume (3M): 4.07M
• Price to Earnings (P/E): 26.8
• Beta (1Y): 0.82
• Revenue Growth: 10.46%
• EPS Growth: 56.11%
• Country: US
• Employees: 717
• Sector: Real Estate
• Sector Strength: 49
• Industry: REIT - Retail
• EPS (TTM): 0.23
• Shares Outstanding: 677,200,500
• 10 Day Avg. Volume: 3,544,582
• 30 Day Avg. Volume: 4,065,212
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: 10.72
• Enterprise Value/Gross Profit: 15.57
• Enterprise Value/Ebitda: 15.98
• 1Y Price Target: $24.28
• Price Target Upside: 8.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15

• Rating: 79 Outperform
• Price Target: $26.00 ▲(15.66% Upside)

Kimco Realty's overall stock score of 79 reflects its strong financial performance and strategic initiatives, particularly its focus on grocery-anchored properties and innovative use of AI. While technical indicators suggest positive momentum, the stock's high P/E ratio and overbought signals warrant caution. The recent public offering further strengthens its financial position.

Positive Factors

Financial Guidance

Kimco raised Same-Store Net Operating Income guidance to above 3.0% from the previous 2.5%+.

Leasing Performance

Strong leasing volume with cash lease spreads of 15.2% highlights positive leasing performance.

Stock Buyback

A $59 million share repurchase signals confidence in the company's valuation and future prospects.

Negative Factors

Interest Expense

Interest expense is expected to increase to $364 million from the previous $357 million.

Retail Environment

Deterioration in the open air retail environment with increased retailer.

Tenant Credit Concerns

The target price is lowered from $27 to $21 due to increased tenant credit concerns.

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 retail properties and shopping centers. The company's business model involves leasing space to a variety of tenants, including national, regional, and local retailers. Key revenue streams include base rent, percentage rent (a portion of tenants' sales), and recovery of operating expenses through tenant reimbursements. Additionally, Kimco may earn income through the development of new properties or redevelopment of existing sites, enhancing property value and rental income potential. Strategic partnerships with retailers and community stakeholders also play a vital role in maximizing occupancy rates and tenant retention, contributing to the company's overall earnings.

Kimco Realty Financial Statement Overview

Summary

Kimco Realty exhibits strong financial health with impressive revenue growth and efficient operations. The company has managed its debt levels prudently, maintaining a robust balance sheet. Cash flow generation is consistent, supporting its business operations and growth initiatives. While profitability showed historical volatility, recent improvements highlight a positive trajectory.

Income Statement

Kimco Realty has demonstrated strong revenue growth with a significant increase in total revenue from 2020 to TTM 2025. The gross profit margin has remained healthy, indicating effective cost management. However, net profit margin has been volatile, with a notable loss in 2022, though it improved significantly in subsequent periods. The EBIT and EBITDA margins are robust, reflecting operational efficiency.

Balance Sheet

The balance sheet shows a stable equity ratio, suggesting a strong capital structure with adequate stockholders' equity relative to total assets. However, the debt-to-equity ratio indicates a moderate level of leverage. Return on equity has improved significantly after a low in 2022, driven by increased net income, enhancing shareholder value.

Cash Flow

Cash flow analysis reveals consistent operating cash flow generation, with substantial free cash flow, signaling strong cash generation capabilities. Free cash flow has shown consistent growth, although the operating cash flow to net income ratio has fluctuated, reflecting variations in profitability and cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.09B	2.04B	1.78B	1.73B	1.36B	1.06B
Gross Profit	1.44B	1.40B	1.23B	1.20B	946.67M	714.92M
EBITDA	1.41B	1.26B	1.09B	1.08B	842.55M	625.83M
Net Income	597.82M	410.79M	654.27M	-12.35M	844.06M	1.00B
Balance Sheet
Total Assets	19.80B	20.31B	18.27B	17.83B	18.46B	11.61B
Cash, Cash Equivalents and Short-Term Investments	226.55M	690.91M	1.11B	744.70M	1.54B	999.91M
Total Debt	8.28B	8.58B	7.73B	7.27B	7.60B	5.45B
Total Liabilities	9.08B	9.46B	8.55B	8.09B	8.34B	5.93B
Stockholders Equity	10.52B	10.65B	9.53B	9.52B	9.90B	5.61B
Cash Flow
Free Cash Flow	1.06B	1.01B	1.07B	861.11M	402.06M	362.69M
Operating Cash Flow	1.06B	1.01B	1.07B	861.11M	618.88M	589.91M
Investing Cash Flow	-541.14M	-318.54M	-136.98M	-63.22M	-476.26M	-33.27M
Financing Cash Flow	-423.27M	-781.11M	-300.70M	-982.73M	-101.14M	-387.40M

Kimco Realty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 22.48 is above the 20-day moving average (MA) of 21.68, above the 50-day MA of 21.52, and above the 200-day MA of 21.58, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 62.55 is Neutral, neither overbought nor oversold. The STOCH value of 89.35 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
REG	81 Outperform	$26.40B	33.73	5.99%	3.85%	5.66%	2.98%
KIM	79 Outperform	$15.07B	26.85	5.63%	4.40%	10.46%	56.11%
NNN	75 Outperform	$8.10B	20.03	9.18%	5.50%	4.82%	-5.18%
BRX	75 Outperform	$8.48B	25.34	11.52%	4.10%	5.98%	12.11%
FRT	74 Outperform	$8.61B	25.14	11.04%	4.40%	6.00%	15.77%
KRG	66 Neutral	$5.02B	28.80	5.53%	4.73%	4.03%	―
Sector *	63 Neutral	$6.95B	13.72	-0.50%	6.99%	4.08%	-25.24%

Kimco Realty Corporate Events

Kimco Realty Completes $500M Public Offering

On June 26, 2025, Kimco Realty OP, LLC completed a public offering of $500 million in 5.300% Notes due 2036, guaranteed by Kimco Realty Corporation. This strategic financial move is expected to strengthen Kimco’s financial position and enhance its ability to manage and expand its portfolio of shopping centers.

Kimco Realty Announces $500M Public Offering Pricing

On June 16, 2025, Kimco Realty Corporation announced the pricing of a $500 million public offering of 5.300% notes due 2036, guaranteed by the company. The proceeds are intended for general corporate purposes, including repaying borrowings and funding acquisitions, investments, and redevelopment, potentially impacting its financial flexibility and growth strategy.