Kimco Realty (KIM) AI Stock Analysis

• Market Cap: $13.84B
• Dividend Yield: 4.76%
• Average Volume (3M): 4.74M
• Price to Earnings (P/E): 24.5
• Beta (1Y): 0.82
• Revenue Growth: 7.99%
• EPS Growth: 55.05%
• Country: US
• Employees: 717
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.19
• Shares Outstanding: 677,195,100
• 10 Day Avg. Volume: 5,755,660
• 30 Day Avg. Volume: 4,737,326
• 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: 1.67
• Enterprise Value/Revenue: 10.91
• Enterprise Value/Gross Profit: 15.81
• Enterprise Value/Ebitda: 17.06
• 1Y Price Target: $25.00
• Price Target Upside: 23.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $22.50 ▲(11.17% Upside)

Kimco Realty's overall stock score reflects a strong financial foundation and positive earnings call, offset by technical indicators suggesting a bearish trend. The company's attractive dividend yield and strategic focus on growth provide a solid investment case, though investors should be cautious of current valuation levels and market momentum.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a resilient business model and effective tenant management, supporting long-term financial stability.

Leasing Activity

Strong leasing activity reflects high demand and effective property management, ensuring sustained occupancy and rental income growth.

Cash Flow Management

Efficient cash flow management enhances financial flexibility, enabling strategic investments and supporting dividend payouts.

Negative Factors

Profit Margin Decline

A declining profit margin may indicate rising costs or operational inefficiencies, potentially impacting long-term profitability.

Higher Interest Expenses

Increased interest expenses can reduce net income and limit financial flexibility, affecting future growth and investment capacity.

Impact of Early Recapture

Early recapture of anchor spaces can disrupt rental income and occupancy rates, challenging short-term revenue stability.

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 a solid financial position with consistent revenue growth and strong cash flow metrics. While profitability margins have faced some pressure, the company's balance sheet remains stable with a prudent leverage strategy. Continued focus on improving net profit margins and return on equity will be crucial for sustaining long-term growth.

Income Statement

Kimco Realty shows a stable revenue growth trajectory with a TTM revenue growth rate of 1.35%. The gross profit margin remains strong at approximately 69%, indicating efficient cost management. However, the net profit margin has decreased to 7.82% in the TTM, down from 20.17% in the previous year, suggesting increased expenses or reduced profitability. EBIT and EBITDA margins have also declined, indicating potential operational challenges.

Balance Sheet

The company's debt-to-equity ratio is stable at around 0.80, reflecting a balanced approach to leveraging. Return on equity has decreased to 1.57% in the TTM, down from 3.86% in the previous year, indicating reduced profitability relative to shareholder equity. The equity ratio remains healthy, suggesting a solid capital structure.

Cash Flow

Kimco Realty demonstrates strong cash flow management with a free cash flow growth rate of 3.73% in the TTM. The operating cash flow to net income ratio is robust, indicating efficient conversion of earnings into cash. The free cash flow to net income ratio is high at 0.92, reflecting strong cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.12B	2.04B	1.78B	1.73B	1.36B	1.06B
Gross Profit	1.47B	1.40B	1.23B	1.20B	946.67M	714.92M
EBITDA	1.36B	1.26B	1.40B	776.13M	1.34B	1.40B
Net Income	598.98M	410.79M	654.27M	125.98M	844.06M	1.00B
Balance Sheet
Total Assets	19.88B	20.31B	18.27B	17.83B	18.46B	11.61B
Cash, Cash Equivalents and Short-Term Investments	160.48M	690.91M	1.11B	744.70M	1.54B	999.91M
Total Debt	8.39B	8.58B	7.73B	7.27B	7.60B	5.45B
Total Liabilities	9.20B	9.46B	8.55B	8.09B	8.34B	5.93B
Stockholders Equity	10.49B	10.65B	9.53B	9.52B	9.90B	5.61B
Cash Flow
Free Cash Flow	758.20M	681.16M	807.21M	861.11M	618.88M	589.91M
Operating Cash Flow	1.10B	1.01B	1.07B	861.11M	618.88M	589.91M
Investing Cash Flow	-715.77M	-318.54M	-136.98M	-63.22M	-476.26M	-33.27M
Financing Cash Flow	-1.01B	-781.11M	-300.70M	-982.73M	-101.14M	-387.40M

Kimco Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.24
• 50DMA: Negative
• 100DMA: Negative
• 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 20.24 is below the 20-day moving average (MA) of 21.41, below the 50-day MA of 21.73, and below the 200-day MA of 21.04, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 30.44 is Neutral, neither overbought nor oversold. The STOCH value of 14.58 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
FRT	77 Outperform	$8.34B	24.41	10.92%	4.61%	6.05%	14.70%
NNN	73 Outperform	$7.56B	19.08	8.91%	5.95%	4.53%	-3.46%
BRX	73 Outperform	$8.07B	24.41	11.36%	4.09%	6.07%	-0.28%
KIM	70 Outperform	$13.84B	24.52	5.68%	4.76%	7.99%	55.05%
REG	69 Neutral	$12.60B	31.76	6.07%	4.07%	5.38%	3.13%
KRG	69 Neutral	$4.78B	34.77	4.71%	4.85%	3.67%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Kimco Realty Corporate Events

Kimco Realty’s Positive Earnings Call Highlights Growth

Kimco Realty Corp’s recent earnings call exuded a positive sentiment, driven by robust leasing activity, a record-high signed not open (SNO) pipeline, and an upward revision of the full-year funds from operations (FFO) guidance. These positive aspects overshadowed challenges such as the impact of early recaptures and increased interest expenses.

Kimco Realty Corp Reports Strong Q3 2025 Performance

Kimco Realty Corp, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the United States, strategically focusing on essential, necessity-based goods and services.