Kimco Realty Corporation

KIM · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991
Valuation
Market cap	$13,727	$15,794	$13,210	$13,099	$15,195	$6,492	$8,744	$6,173	$7,726	$10,694	$10,936	$10,284	$8,051	$7,844	$6,602	$7,321	$4,737	$4,713	$9,177	$10,768	$7,271	$6,463	$4,793	$3,516	$3,573	$2,714	$2,056	$2,945	$1,677	$1,250	$923	$893	$705	$473	$292
Enterprise value	$22,306	$23,825	$19,950	$19,754	$21,459	$11,006	$14,084	$10,981	$13,081	$15,756	$16,251	$14,730	$12,198	$12,028	$10,764	$11,226	$9,058	$9,096	$13,542	$13,394	$9,258	$8,565	$7,003	$5,076	$4,827	$3,788	$3,291	$4,204	$2,183	$1,582	$1,317	$1,270	$999	$748	$580
P/E (TTM) at period end	24.76×	42.04×	20.99×	130.00×	18.56×	6.66×	25.72×	14.04×	20.74×	32.15×	13.16×	28.12×	45.23×	45.43×	60.19×	79.99×	–	23.26×	21.69×	25.14×	19.99×	21.75×	15.57×	14.31×	15.11×	13.24×	11.63×	24.09×	19.57×	16.93×	17.79×	22.15×	20.36×	24.89×	–
P/S (TTM) at period end	6.41×	7.75×	7.41×	7.58×	11.14×	6.14×	7.55×	5.30×	6.43×	9.13×	9.37×	10.35×	9.34×	9.89×	8.47×	9.30×	6.27×	6.27×	13.61×	18.13×	13.91×	12.50×	9.99×	7.80×	7.62×	5.91×	4.74×	8.69×	8.43×	7.43×	6.16×	6.85×	6.60×	5.73×	5.85×
P/B at period end	1.32×	1.48×	1.39×	1.38×	1.53×	1.16×	1.80×	1.16×	1.43×	2.03×	2.17×	2.15×	1.74×	1.65×	1.41×	1.48×	0.98×	1.18×	2.36×	3.20×	3.05×	2.89×	2.24×	1.84×	1.89×	1.59×	1.28×	1.86×	2.26×	2.06×	2.06×	2.78×	2.10×	3.06×	3.06×
EV / EBITDA (TTM)	15.96×	19.33×	17.41×	18.45×	26.18×	17.71×	18.64×	12.30×	16.52×	21.04×	23.62×	25.25×	24.04×	24.27×	22.02×	23.51×	18.76×	19.16×	34.41×	37.53×	32.93×	20.85×	15.83×	11.82×	13.78×	10.90×	10.22×	16.99×	15.00×	12.62×	5.50×	5.42×	5.26×	4.79×	5.42×
EV / Sales (TTM)	10.42×	11.70×	11.19×	11.43×	15.73×	10.40×	12.15×	9.43×	10.89×	13.46×	13.93×	14.82×	14.16×	15.16×	13.81×	14.27×	11.99×	12.11×	20.08×	22.55×	17.72×	16.57×	14.60×	11.26×	10.30×	8.25×	7.58×	12.41×	10.97×	9.41×	8.79×	9.75×	9.36×	9.05×	11.63×
Returns
Return on equity	5.3%	3.5%	6.6%	1.1%	8.3%	17.4%	7.0%	8.2%	6.9%	6.3%	16.5%	7.7%	3.8%	3.6%	2.3%	1.9%	(1.1%)	5.1%	10.9%	12.7%	15.2%	13.3%	14.4%	12.9%	12.5%	12.0%	11.0%	7.7%	11.5%	12.2%	11.6%	12.6%	10.3%	12.3%	(2.3%)
Return on invested capital	4.1%	3.1%	3.5%	–	2.4%	3.1%	4.7%	5.7%	4.0%	1.9%	2.1%	3.3%	1.3%	–	1.3%	2.2%	1.7%	3.1%	2.4%	3.5%	3.8%	6.9%	8.0%	9.5%	7.8%	9.9%	9.0%	6.9%	9.2%	10.5%	25.3%	30.2%	27.0%	32.0%	24.8%
Dividend yield	5.2%	4.3%	5.0%	4.2%	2.5%	5.9%	6.1%	8.6%	6.6%	4.4%	4.2%	4.2%	5.0%	4.9%	5.4%	4.2%	7.0%	10.0%	4.2%	3.1%	4.0%	4.1%	5.1%	6.7%	5.9%	7.0%	8.3%	3.9%	4.9%	5.6%	5.8%	5.1%	5.2%	4.8%	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.29×	1.59×	1.36×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Debt / equity	–	1.50×	1.52×	1.43×	0.71×	0.90×	0.99×	0.82×	0.85×	0.75×	0.75×	0.96×	0.91×	0.88×	–	0.82×	0.91×	0.86×	1.08×	0.82×	0.90×	0.95×	1.01×	0.80×	0.70×	0.63×	0.78×	0.81×	0.72×	0.60×	0.87×	1.16×	0.87×	1.80×	3.06×
Effective tax rate	0.2%	7.2%	9.5%	127.9%	0.5%	0.1%	(1.1%)	0.4%	(0.4%)	48.9%	35.7%	(22.0%)	54.8%	132.7%	50.2%	11.5%	37.1%	(11.1%)	(17.2%)	(1.6%)	(0.2%)	(1.7%)	0.6%	5.2%	8.4%	–	–	–	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	675	672	618	618	511	432	422	421	424	420	413	411	409	407	408	406	350	259	257	245	231	227	218	232	223	186	182	224	144	107	101	106	90	69	61

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991
Revenue and gross profit
Revenue	$2,187	$2,140	$2,037	$1,783	$1,728	$1,365	$1,058	$1,159	$1,165	$1,201	$1,171	$1,167	$994	$862	$793	$779	$787	$755	$751	$675	$594	$523	$517	$480	$451	$469	$459	$434	$339	$199	$168	$150	$130	$107	$83	$50
Cost of revenue	–	($970)	($638)	($557)	($531)	($418)	($343)	($337)	($329)	($311)	($299)	($304)	($259)	($246)	($13)	–	($253)	–	($216)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gross profit	–	$1,170	$1,399	$1,227	$1,197	$947	$715	$822	$836	$890	$872	$862	$735	$701	$781	–	$597	–	$543	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	($4)	–	($3)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($133)	($133)	($138)	($137)	($120)	($104)	($93)	($97)	($88)	($92)	($87)	($123)	($122)	($127)	($124)	($119)	($109)	($110)	($115)	($102)	($78)	($57)	($45)	($39)	($32)	($29)	($26)	($24)	($19)	($12)	($10)	($9)	($8)	($8)	($7)	($4)
Total operating expenses	($892)	($399)	($770)	($588)	($631)	($522)	($382)	($344)	($254)	($459)	($479)	($519)	($425)	($451)	($548)	–	($367)	–	($275)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total costs and expenses	($1,399)	($1,369)	($1,408)	($1,145)	($1,162)	($940)	($725)	($681)	($582)	($770)	($777)	($823)	($684)	($612)	($560)	($541)	($557)	($500)	($483)	($472)	($382)	($349)	($209)	($126)	($98)	($193)	($183)	($179)	($143)	($83)	($70)	$63	$80	$63	$57	$46
Operating income	$788	$771	$629	$639	$565	$424	$333	$478	$582	$431	$394	$344	$310	$249	$233	$238	$230	$255	$268	$202	$212	$173	$308	$353	$353	$276	$276	$255	$196	$115	$98	$213	$211	$170	$139	$96
Earnings
EBITDA	$1,406	$1,398	$1,233	$1,146	$1,070	$820	$622	$755	$893	$792	$749	$688	$583	$507	$496	$489	$477	$483	$475	$394	$357	$281	$411	$442	$429	$350	$347	$322	$247	$146	$125	$239	$234	$190	$156	$107
Interest income	$63	$62	–	$194	–	–	–	–	–	–	–	$39	$1	$17	$2	$16	$21	$33	$56	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($336)	($330)	($308)	($250)	($227)	($204)	($187)	($177)	($183)	($192)	($193)	($219)	($204)	($212)	($224)	($222)	($223)	($208)	($212)	($213)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$500	$494	$351	$644	$44	$745	$928	$312	$399	$240	$161	$169	$102	$60	$12	$51	$28	($54)	$105	$185	$271	$256	$226	$236	$248	$230	–	–	–	–	–	–	–	–	–	–
Income tax expense	$0	($1)	($25)	($61)	($57)	($3)	($1)	$3	($2)	$1	($79)	($60)	$22	($33)	($16)	($26)	($3)	$20	$12	$32	$4	$0	$4	($2)	($13)	($19)	($71)	($78)	($74)	($30)	($24)	($161)	($170)	($136)	($120)	($99)
Net income	$607	$585	$411	$654	$126	$844	$1,001	$411	$498	$426	$379	$894	$424	$236	$266	$169	$143	($4)	$250	$443	$428	$364	$297	$308	$246	$237	$205	$177	$122	$86	$74	$52	$40	$35	$19	($2)
Per share
Diluted EPS (GAAP)	$0.86	$0.82	$0.55	$1.02	$0.16	$1.60	$2.25	$0.80	$1.02	$0.87	$0.79	$2.00	$0.89	$0.43	$0.42	$0.27	$0.22	($0.15)	$0.78	$1.65	$1.70	$1.52	$1.15	$0.97	$0.98	$0.95	$0.84	$0.74	$0.66	$0.59	$0.54	$0.44	$0.38	$0.38	$0.28	($0.036)
Basic EPS (GAAP)	$0.86	$0.82	$0.55	$1.02	$0.16	$1.61	$2.26	$0.80	$1.02	$0.87	$0.79	$2.01	$0.89	$0.43	$0.42	$0.27	$0.22	($0.15)	$0.79	$1.68	$1.74	$1.55	$1.17	$0.99	$0.99	$0.97	$0.85	$0.74	$0.66	$0.60	$0.54	$0.44	$0.38	$0.38	$0.28	($0.036)
Basic shares outstanding	673	675	672	617	616	506	430	420	421	424	418	411	409	408	406	407	406	350	258	252	240	227	223	214	230	219	184	182	223	143	107	101	106	90	69	61
Margins
Gross margin	–	54.7%	68.7%	68.8%	69.3%	69.4%	67.6%	70.9%	71.8%	74.1%	74.5%	73.9%	74.0%	81.3%	98.4%	–	75.8%	–	72.2%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating margin	36.0%	36.0%	30.9%	35.8%	32.7%	31.1%	31.4%	41.2%	50.0%	35.9%	33.6%	29.4%	31.2%	29.0%	29.4%	30.5%	29.2%	33.8%	35.7%	30.0%	35.7%	33.1%	59.6%	73.6%	78.2%	58.9%	60.1%	58.7%	57.9%	58.0%	58.4%	142.3%	161.8%	159.4%	168.6%	193.2%
Net margin	27.8%	27.3%	20.2%	36.7%	7.3%	61.9%	94.6%	35.4%	42.7%	35.5%	32.4%	76.6%	42.7%	27.4%	33.5%	21.7%	18.2%	(0.5%)	33.3%	65.6%	72.1%	69.6%	57.5%	64.2%	54.5%	50.5%	44.6%	40.7%	36.1%	43.1%	43.9%	34.6%	30.9%	32.4%	23.0%	(4.4%)

Analyst consensus

Hold36 analysts

Bearish · 0 · Hold · 22 · Bullish · 14

Earnings history

	EPS	Estimate
Q3 2024	$0.19	$0.17	Beat
Q4 2024	$0.23	$0.18	Beat
Q1 2025	$0.18	$0.17	Beat
Q2 2025	$0.23	$0.17	Beat
Q3 2025	$0.20	$0.18	Beat
Q4 2025	$0.22	$0.18	Beat
Q1 2026	$0.23	$0.19	Beat
Q2 2026	$0.22	$0.20	Beat

Peers

Company overview

IPO dateNov 22, 1991

CEOConor C. Flynn

Employees710

SectorReal Estate

IndustryREIT - Retail

CountryUS

ExchangeNew York Stock Exchange

Websitewww.kimcorealty.com

Kimco Realty Corporation (NYSE:KIM), headquartered in Jericho, N.Y., operates as a real estate investment trust (REIT). It stands as one of North America's preeminent publicly traded entities dedicated to the ownership and operation of open-air, grocery-anchored shopping centers and diverse mixed-use developments. With a substantial portfolio reported as of September 30, 2020, Kimco held interests in 400 properties across the U.S. These holdings collectively encompass 70 million square feet of gross leasable area, predominantly situated within America's top metropolitan markets. Having traded publicly on the New York Stock Exchange since 1991 and recognized as a constituent of the S&P 500 Index, the company boasts over six decades of expertise. This extensive experience spans the acquisition, development, and ongoing management of shopping centers.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.