Kimco Realty Corp (KIM)
Real Estate · Retail REITs · US stock · S&P 500 component
$23.59
▲ +0.87 (3.83%)
Fair valueFair
$23 −1.4% to fair value
$12fair band $20–$28$35
Day's range
$22.76 – $23.61
52-week range
$19.76 – $26.65
About Kimco Realty Corp
Kimco Realty is a real estate investment trust that owns and manages open-air shopping centers and mixed-use properties, many of them anchored by grocery stores, in major metropolitan areas of the United States. Its tenants include supermarkets, off-price retailers, restaurants and service businesses. The company earns revenue mainly from rent and recoveries of property costs, and it also develops and redevelops sites to add residential or retail space.
Revenue of $2.2 billion was recorded for the latest twelve months; sales grew 7.4% a year over the past three years. Kimco Realty Corp converts that into an operating margin of 36.0%. Return on invested capital comes to 7%. The company pays a dividend with a yield of 4.5%, and the X-Ray Score is 54 out of 100.
Price chart
52-wk range $19.76 – $26.65Volume 5,195,008Daily, split-adjusted
Vitals
Market cap$15.9B
52-week range$19.76 – $26.65
Volume (last day)5,195,008
P/E (TTM)27.6
EBIT / EV yield5.1%
Free-cash-flow yield–
Dividend yield4.5%
Revenue (TTM)$2.2B
Net income (TTM)$577M
Operating margin36.0%
Return on capital7.3%
Debt incl. leasesData missing
Cash & securities$699M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$23middle half of models $23 – $24
Fair
−1.4% to fair value
Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $24
Undervalued < $20Fair $20 – $28Overvalued > $28
P/B multiple
$23
P/S multiple
$24
P/FFO multiple
$23
P/AFFO multiple
$22
Dividend discount, stable · not used
$57
Dividend discount, multi-stage · not used
$117
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
44/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.1%
Fair value vs price1.0×
Growth
Fair
57/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)7.4%
Growth consistency100%
Profitability
Fair
54/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital7.3%
Operating margin36.0%
Financial health
Fair
64/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Interest cover2.3×
Dividends
Fair
53/100
Dividend is typical for its sector.
See the numbers →
Dividend yield4.5%
Dividend growth9.5%
Quarterly results: last 6 quarters
+6.5%
Mar '25
+5.0%
Jun '25
+5.6%
Sep '25
+3.2%
Dec '25
+4.0%
Mar '26
+4.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $551M.
Compare with peers
FRT Federal Realty Investm...56 O Realty Income Corp53 SPG Simon Property Group I...42Other Retail REITs companies by X-Ray Score.
SWOT analysis: Kimco Realty Corp
Strengthsinside the company
- Passes 8 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Operating profit covers interest only 2.3x.
Opportunitiesvaluation and setting
- No specific opportunity is visible in our valuation, sector or growth data.
Threatsvaluation and setting
- Trades at 27.5x earnings, 47% above the 18.6x median of industry peers, so the price already assumes better results.
- Our Market Compass rates the backdrop for Real Estate as unfavourable.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare KIM with peers and sector
Medians of 3 Retail REITs peers and of 28 Real Estate stocks in our universe.
Largest peers (X-Ray Score): SPG 42, O 53, FRT 56.
| Metric | KIM | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 54 | 53 | 51 |
| Valuation | 43 | 31 | 53 |
| Growth | 57 | 63 | 56 |
| Profitability | 54 | 57 | 50 |
| Financial health | 64 | 50 | 53 |
| Dividends | 53 | 31 | 47 |
Sector leaders: highest X-Ray Score in Real Estate
KIM ranks #11 of 29 in Real Estate and #2 of 4 in Retail REITs by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for KIM
Each factor is rated by where KIM stands among the 29 Real Estate stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 4 Good · 9 Average · 2 Bad of 15
Growth: 0 · 2 · 0
Profitability: 0 · 3 · 1
Financial strength: 1 · 0 · 1
Valuation: 2 · 2 · 0
Cash flow: 1 · 2 · 0
| Factor | KIM | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +7.4% | Average beats 53% | +6.8% | – | – |
| Revenue growth, last year | +5.1% | Average beats 50% | +5.1% | +14.2% | ▼ Worse |
| Profitability | |||||
| Operating margin | 36.0% | Average beats 52% | 34.3% | 32.7% | ▲ Better |
| Net margin | 26.4% | Average beats 64% | 21.5% | 25.9% | ≈ In line |
| Return on invested capital | 7.3% | Average beats 48% | 7.5% | – | – |
| Return on equity | 5.6% | Bad beats 29% | 7.3% | 5.3% | ≈ In line |
| Financial strength | |||||
| Interest cover | 2.3x | Bad beats 23% | 3.4x | 2.3x | ≈ In line |
| Piotroski F-score | 8 / 9 | Good beats 91% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 27.5x | Average beats 66% | 32.1x | 24.7x | ▼ Worse |
| Price / book | 1.5x | Good beats 83% | 2.6x | 1.4x | ≈ In line |
| Price / sales | 7.2x | Average beats 43% | 7.0x | 7.6x | ≈ In line |
| EV / EBITDA | 11.0x | Good beats 90% | 18.6x | 18.4x | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 53.9% | Good beats 78% | 44.6% | 49.8% | ≈ In line |
| Cash from operations / net income | 2.04 | Average beats 55% | 1.91 | 2.02 | ≈ In line |
| Accruals (lower is better) | −3.0% | Average beats 36% | −3.7% | – | – |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 4 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Risk models
Piotroski F-ScoreGood
Growth
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | $1.8B | $2.0B | $2.1B |
| Operating income | $424M | $565M | $639M | $629M | $771M |
| Net income | $819M | $101M | $629M | $376M | $554M |
| Operating cash flow | $619M | $861M | $1.1B | $1.0B | $1.1B |
| Operating margin | 31.1% | 32.7% | 35.8% | 30.9% | 36.0% |
| Free cash flow | – | – | – | – | $1.1B |
| Diluted EPS | – | – | – | – | – |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
11 bullish · 1 neutral · 4 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 22.69 | Bullish |
| EMA 10 | 22.79 | Bullish |
| SMA 20 | 22.45 | Bullish |
| EMA 20 | 22.68 | Bullish |
| SMA 50 | 23.02 | Bullish |
| EMA 50 | 23.02 | Bullish |
| SMA 100 | 23.94 | Bearish |
| EMA 100 | 23.26 | Bullish |
| SMA 200 | 23.03 | Bullish |
| EMA 200 | 22.88 | Bullish |
Oscillators (daily)
| RSI (14) | 64.74 | Neutral |
| MACD (12, 26) | 0.02 | Bullish |
| Momentum (12) | 6.55 | Bullish |
| Stochastic %K (14) | 98.93 | Bearish |
| Williams %R (14) | -1.07 | Bearish |
| CCI (20) | 204.3 | Bearish |
Pivot points (classic, last session)
S3 22.18 | S2 22.47 | S1 23.03 | Pivot 23.32 | R1 23.88 | R2 24.17 | R3 24.73 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.06 USD
Yield on today's price
4.49%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.2800 | |
| 0.2600 | |
| 0.2600 | |
| 0.2600 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2400 | |
| 0.2400 | |
| 0.2400 | |
| 0.3300 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold KIM
| ETF | Share of the fund |
|---|---|
| SPHD Invesco S&P 500 High Dividend Low Vola... | 2.44% |
| ICF iShares Cohen & Steers REIT | 2.02% |
| XLRE The Real Estate Select Sector SPDR | 1.77% |
| RWR SPDR Dow Jones REIT | 1.61% |
| SPYD SPDR Portfolio S&P 500 High Dividend | 1.45% |
| USRT iShares Core U.S. REIT | 1.35% |
| DFAR DFA Investment Dimensions Group Inc. | 1.29% |
| IYR iShares U.S. Real Estate | 1.26% |
The eight funds with the largest weight in KIM among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
KIM stock splits
KIM has split its stock 3 times since 1995. The latest was a 2-for-1 split on 24 Aug 2005.
Full KIM stock split history →KIM SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Entered a material agreement
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.