Kimco Realty (KIM) AI Stock Analysis

• Market Cap: $13.56B
• Dividend Yield: 5.04%
• Average Volume (3M): 4.63M
• Price to Earnings (P/E): 24.1
• Beta (1Y): 0.67
• 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: 677,194,030
• 10 Day Avg. Volume: 4,997,685
• 30 Day Avg. Volume: 4,634,936
• PEG Ratio: -0.83
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 7.72
• P/FCF Ratio: 23.10
• Enterprise Value/Market Cap: 1.69
• Enterprise Value/Revenue: 14.35
• Enterprise Value/Gross Profit: 20.69
• Enterprise Value/Ebitda: 20.21
• 1Y Price Target: $23.83
• Price Target Upside: 18.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): 0.76
• Revenue Forecast (FY): $2.13B

• Rating: 69 Neutral
• Price Target: $21.50 ▲(6.91% Upside)

Kimco Realty's overall stock score reflects a solid financial foundation and positive earnings outlook, tempered by technical indicators suggesting bearish momentum. The company's strategic initiatives and attractive dividend yield provide additional support, although valuation concerns remain.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a resilient business model and effective management of retail properties, supporting long-term stability.

Strong Leasing Activity

Robust leasing activity and favorable spreads suggest strong demand for Kimco's properties, enhancing future cash flow and occupancy rates.

Financial Flexibility

The new equity sales and repurchase programs provide Kimco with enhanced financial flexibility for strategic investments and debt management.

Negative Factors

Decreased Profit Margins

Declining profit margins indicate increased expenses or reduced profitability, potentially impacting long-term earnings and shareholder returns.

Higher Interest Expenses

Rising interest expenses could strain cash flow and limit financial resources for growth initiatives, affecting long-term financial health.

Impact of Early Recaptures

Early recaptures of large anchor spaces can disrupt revenue streams and occupancy rates, posing challenges to maintaining stable income.

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

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	1.60B	2.04B	1.78B	1.73B	1.36B	1.06B
Gross Profit	1.11B	1.40B	1.23B	1.20B	946.67M	714.92M
EBITDA	1.13B	1.26B	1.40B	1.06B	1.34B	595.99M
Net Income	432.94M	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	159.34M	690.91M	1.11B	744.70M	1.54B	999.91M
Total Debt	8.35B	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	681.79M	681.16M	807.21M	861.11M	618.88M	589.91M
Operating Cash Flow	861.64M	1.01B	1.07B	861.11M	618.88M	589.91M
Investing Cash Flow	-489.09M	-318.54M	-136.98M	-63.22M	-476.26M	-33.27M
Financing Cash Flow	-901.81M	-781.11M	-300.70M	-982.73M	-101.14M	-387.40M

Kimco Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 20.11 is below the 20-day moving average (MA) of 20.17, below the 50-day MA of 20.51, and below the 200-day MA of 20.62, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 22.73 is Neutral, 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
NNN	78 Outperform	$7.50B	18.71	8.91%	6.04%	4.53%	-3.46%
FRT	77 Outperform	$8.82B	25.70	10.92%	4.38%	6.05%	14.70%
REG	70 Outperform	$12.64B	31.62	6.07%	4.15%	5.38%	3.13%
KIM	69 Neutral	$13.56B	24.12	5.68%	5.04%	7.99%	55.05%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BRX	65 Neutral	$7.98B	24.17	11.36%	4.41%	6.07%	-0.28%
KRG	61 Neutral	$5.18B	211.21	4.71%	4.52%	3.67%	―

Kimco Realty Corporate Events

Kimco Realty Announces New Equity Sales Agreement

On November 3, 2025, Kimco Realty Corporation announced a new equity sales agreement allowing the company to issue and sell up to $750 million in common stock through various sales agents and forward purchasers. This agreement replaces a previous one from September 2023. Additionally, Kimco’s Board approved a new $750 million share repurchase program, superseding the prior program. The proceeds from these initiatives will support general corporate purposes, including acquisitions and debt reduction. These strategic moves aim to enhance Kimco’s financial flexibility and market positioning.