One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 565 shopping centers throughout major markets in the US, representing roughly 100 million square feet.
It is a $14.9B real estate company. Revenue grew 4.4% over the last year, it keeps 27¢ of every dollar of sales as profit, and its net debt equals ~6.9 years of free cash flow. It trades at 24.5× earnings — around the middle of its own history.
- Website
- kimcorealty.com
- Location
- Jericho, NY
- Employees
- 710
- Sector
- Real Estate
- Founded
- 1966
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Growth, Health and Moat lag behind.
Valuation49
- P/E vs own history64th pct · 5/25
- FCF yield7.9% · 20/25
- P/S6.8x · 12/25
- EV/EBITDA16.8x · 12/25
Growth20
- Revenue CAGR11.9% · 20/25
- Net income CAGR-10.1% · 0/25
- EPS CAGR ~5Y-18.8% · 0/25
- Fwd implied growth-5.5% · 0/25
Profitability60
- ROIC3.0% · 5/25
- ROE5.9% · 5/25
- Net margin27.0% · 25/25
- Operating margin34.2% · 25/25
Health36
- Altman Z0.12 · 3/25
- Current ratio1.77 · 18/25
- Interest coverage2.5x · 10/25
- Net cash / debtD/A 41% · 5/25
Quality67
- Piotroski F7/9 · 22/25
- Beneish M-2.63 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 5.8% · 20/25
Moat43
- ROIC >12% years0/6 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years3/3 yrs · 25/25
- Worst-year net marginworst 5.7% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2024AcquisitionKimco acquired RPT Realty, making the company the largest shopping center REIT
- 2022AcquisitionThe company acquired a portfolio of eight Long Island, NY shopping centers for $375.8 million
- 2021AcquisitionThe company acquired Weingarten Realty
- FY2020FinancialBest year on record$1.00B net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.17B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2007AcquisitionA few years later, in 2007, Kimco acquired The Birchwood Organization – another Long Island-based company – for $92…
- 2003AcquisitionThe company acquired Mid-Atlantic Realty Trust for $441 million
- 1998AcquisitionThe company acquired Price REIT for $535 million in stock
- 1991IPOThe company became a public company via an initial public offering, raising $120 million
- 1988AcquisitionThe company acquired Gold Circle for $325 million
- 1966FoundedThe Kimco Corporation, the predecessor of the company, was founded in 1966 by a group of real estate investors,…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (68.9%)
- Strongly profitable — 27.0% net margin
- Strong cash conversion — FCF is 53.9% of revenue
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Altman Z-Score 0.12 — elevated financial-distress risk
- Net debt equals ~6.9 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+4.4% YoY
- Profitable — makes more than it spends$590M TTM
- Profit growing — earnings are higher than last year+61.9% YoY
- Generates cash — cash left after running and investing$1.18B TTM
- Debt under control — could handle its obligations~6.9y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$14.9B market cap
- Not printing shares — share count not ballooning — you keep your slice+56.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.1 — distress
- Pays a dividend — returns cash to shareholdersyield 4.88%
- Valuation not extreme — price not wildly above earningsP/E 24.5
Peer comparisonKimco Realty Corp. vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| KIM this company | $14.9B | 24.5 | +4.4% | 27.0% | Mixed |
| WELL Welltower Inc. | $162.5B | 108.1 | +37.6% | 12.1% | Strained |
| PLD Prologis, Inc. | $123.1B | 29.8 | +7.3% | 45.8% | Strained |
| EQIX Equinix, Inc. | $101.2B | 66.0 | +9.6% | 15.6% | Strained |
| AMT American Tower Corporation | $84.5B | 25.0 | +14.2% | 31.1% | Strained |
| DLR Digital Realty Trust, Inc. | $66.6B | 83.0 | +17.4% | 11.8% | Strained |
| SPG Simon Property Group, Inc. | $64.7B | 14.0 | +15.0% | 66.5% | Strained |
Head-to-head: KIM vs WELL · KIM vs PLD · KIM vs EQIX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/KIM
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Deeper analysis of KIM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $22.16 · market cap $14.9B.