Kimco Realty (KIM) AI Stock Analysis

• Market Cap: $14.09B
• Dividend Yield: 4.69%
• Average Volume (3M): 4.30M
• Price to Earnings (P/E): 25.1
• Beta (1Y): 0.84
• Revenue Growth: 10.46%
• EPS Growth: 56.11%
• Country: US
• Employees: 717
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Retail
• EPS (TTM): 0.23
• Shares Outstanding: 677,200,500
• 10 Day Avg. Volume: 5,410,578
• 30 Day Avg. Volume: 4,296,536
• PEG Ratio: -0.83
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 7.72
• P/FCF Ratio: 15.65
• Enterprise Value/Market Cap: 1.59
• Enterprise Value/Revenue: 10.72
• Enterprise Value/Gross Profit: 15.57
• Enterprise Value/Ebitda: 15.98
• 1Y Price Target: $24.05
• Price Target Upside: 13.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 76 Outperform
• Price Target: $23.50 ▲(11.22% Upside)

Kimco Realty's strong financial performance and positive earnings call are major contributors to its solid stock score. The company's strategic financial actions and robust dividend yield add to its appeal. However, the mixed technical indicators and valuation suggest some caution is warranted. Overall, Kimco Realty presents a balanced investment opportunity with potential for stable income and moderate growth.

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.

Negative Factors

Interest Expense

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

Internal Growth

Internal growth lagged behind peers, suggesting potential areas for improvement.

Retail Environment

Deterioration in the open air retail environment with increased retailer.

Kimco Realty Business Overview & Revenue Model

Company Description

Kimco Realty Corporation is a leading owner and operator of open-air shopping centers in the United States, focusing primarily on retail real estate. The company is engaged in the acquisition, development, and management of shopping centers, providing a diverse mix of retail, dining, and service-oriented tenants. Kimco's portfolio includes properties located in key metropolitan areas, catering to consumer demand and enhancing community engagement through its tenant mix and property offerings.

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	227.83M	690.91M	783.76M	747.56M	1.55B	1.00B
Total Debt	8.33B	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	759.28M	1.01B	1.07B	861.11M	402.06M	362.69M
Operating Cash Flow	759.28M	1.01B	1.07B	861.11M	618.88M	589.91M
Investing Cash Flow	-438.56M	-318.54M	-136.98M	-63.22M	-476.26M	-33.27M
Financing Cash Flow	-315.77M	-781.11M	-300.70M	-982.73M	-102.70M	-387.40M

Kimco Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 21.13
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KIM, the sentiment is Negative. The current price of 21.13 is below the 20-day moving average (MA) of 21.46, below the 50-day MA of 21.23, and below the 200-day MA of 21.70, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 47.36 is Neutral, neither overbought nor oversold. The STOCH value of 17.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	$26.18B	33.52	5.99%	3.87%	5.66%	2.98%
KIM	76 Outperform	$14.09B	25.10	5.63%	4.69%	10.46%	56.11%
NNN	73 Outperform	$7.86B	19.79	9.18%	5.62%	4.82%	-5.18%
BRX	73 Outperform	$7.90B	23.61	11.52%	4.29%	5.98%	12.11%
FRT	71 Outperform	$8.06B	23.54	11.04%	4.74%	6.00%	15.77%
KRG	69 Neutral	$4.61B	26.74	5.53%	5.04%	4.03%	―
Sector *	61 Neutral	kr18.18B	19.98	2.74%	2.57%	2.24%	140.90%

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.

The most recent analyst rating on (KIM) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Kimco Realty stock, see the KIM Stock Forecast page.

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.

The most recent analyst rating on (KIM) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Kimco Realty stock, see the KIM Stock Forecast page.