Kimco Realty (KIM) AI Stock Analysis

• Market Cap: $14.74B
• Dividend Yield: 4.62%
• Average Volume (3M): 3.55M
• Price to Earnings (P/E): 26.3
• Beta (1Y): 0.81
• Revenue Growth: 10.46%
• EPS Growth: 56.11%
• Country: US
• Employees: 717
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.23
• Shares Outstanding: 677,200,500
• 10 Day Avg. Volume: 3,911,686
• 30 Day Avg. Volume: 3,551,261
• 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: 1.52
• Enterprise Value/Revenue: 10.72
• Enterprise Value/Gross Profit: 15.57
• Enterprise Value/Ebitda: 16.61
• 1Y Price Target: $24.95
• Price Target Upside: 16.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 16

• Rating: 76 Outperform
• Price Target: $24.50 ▲(14.06% Upside)

Kimco Realty's strong financial performance and positive earnings call are the most significant factors driving the score. The company's strategic focus on grocery-anchored properties and innovative use of AI enhance its growth prospects. However, technical indicators suggest weak momentum, and the high P/E ratio indicates potential overvaluation, which slightly offsets the positive aspects.

Positive Factors

Grocery-Anchored Strategy

The focus on grocery-anchored centers enhances portfolio resilience and stability, as these properties are less susceptible to economic downturns, ensuring steady rental income.

Innovative Use of AI

AI deployment in operations can lead to significant cost savings and efficiency improvements, strengthening competitive advantage and enhancing long-term profitability.

Record Small Shop Occupancy

High small shop occupancy indicates strong demand for retail spaces, supporting revenue stability and growth through increased rental income.

Negative Factors

Occupancy Dips

A slight dip in occupancy can affect rental income and indicates potential challenges in maintaining tenant retention, impacting revenue stability.

Increased Interest Expense

Higher interest expenses reduce net income and cash flow, potentially limiting financial flexibility and impacting future investment capacity.

Debt Levels

Rising debt levels can strain cash flow and limit financial flexibility, posing risks to long-term stability if not managed effectively.

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 demonstrates strong financial performance with consistent revenue growth and profitability improvements. The balance sheet is stable, with manageable leverage and a strong equity position. Cash flow generation is robust, supporting operational and financial flexibility. However, past fluctuations in net income and free cash flow growth highlight potential risks that need monitoring.

Income Statement

Kimco Realty shows strong revenue growth with a TTM increase of 1.205% and consistent gross profit margins around 68-69%. The net profit margin improved significantly to 28.54% in the TTM, indicating enhanced profitability. EBIT and EBITDA margins are robust, reflecting efficient operations. However, the net income has fluctuated, with a notable loss in 2022, which could indicate some volatility.

Balance Sheet

The company's debt-to-equity ratio is stable around 0.76-0.81, suggesting a balanced leverage position. Return on equity has improved to 5.66% in the TTM, showing better utilization of equity. The equity ratio remains healthy, indicating a strong equity base. However, the increase in total debt over the years could pose a risk if not managed well.

Cash Flow

Kimco Realty's cash flow is strong, with a TTM free cash flow growth of 1.077% and a consistent free cash flow to net income ratio of 1.0. The operating cash flow to net income ratio is high, indicating strong cash generation relative to net income. However, fluctuations in free cash flow growth in previous years suggest potential volatility.

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	1.35B	1.26B	1.40B	776.13M	1.34B	1.40B
Net Income	597.82M	410.79M	654.27M	125.98M	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	978.59M	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	-540.08M	-318.54M	-136.98M	-63.22M	-476.26M	-33.27M
Financing Cash Flow	-424.33M	-781.11M	-300.70M	-982.73M	-101.14M	-387.40M

Kimco Realty Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 21.48
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 Neutral. The current price of 21.48 is below the 20-day moving average (MA) of 22.19, below the 50-day MA of 21.65, and above the 200-day MA of 21.20, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 43.93 is Neutral, neither overbought nor oversold. The STOCH value of 11.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for KIM.

Kimco Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REG	77 Outperform	25.99B	33.29	5.95%	3.97%	5.66%	2.98%
KIM	76 Outperform	$14.74B	26.27	5.63%	4.62%	10.46%	56.11%
BRX	75 Outperform	8.35B	24.97	11.37%	4.17%	5.98%	12.11%
NNN	74 Outperform	7.93B	19.97	9.10%	5.57%	4.82%	-5.18%
FRT	74 Outperform	8.61B	25.14	10.65%	4.44%	6.00%	15.77%
KRG	67 Neutral	4.87B	28.21	5.20%	4.86%	4.03%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

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.