Kimco Realty (KIM)
Real Estate · $15.1B market cap · SEC CIK 0000879101
$22.55
▲+0.04% on the day
close of Sep 22, 2026
57
Mixed
fundamentals score out of 100
fundamentals score out of 100
Next reports on Oct 28, 2026, before the open, with analysts expecting $0.21 in earnings per share.
The case for KIM
- Generated $1.1B of free cash flow in FY2025, 51% of revenue.
- 28% of revenue drops through to net profit.
- Free cash flow of 7.3% of its market value a year: a lot of cash for the price.
- Pays a 5.1% dividend while you wait.
- Has compounded revenue at 15.1% a year over five years.
- Gross margin of 69% absorbs cost shocks.
The case against
- Long-term debt of $7.7B would take 7 years of operating cash flow to repay.
- Priced at 6.9× sales with revenue growing only 4.4%.
- Growth is slowing: revenue up 4.4% this year against 15.1% a year over five.
- Return on equity of only 6%.
- Dividend takes 120% of earnings, leaving little cushion.
- The price trend is weak (42/100): +2.7% over a year, -7.5% over three months, 41% of the way up its 52-week range.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Real Estate companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 76 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 49 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 60 |
| Momentumhow the price has behaved lately | 42 |
| Stabilityhow violently it moves, what it owes and what it pays you | 56 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Real Estate companies.
Key numbers
| Price / earnings | 24.9× |
|---|---|
| Price / book | 1.67× |
| Price / sales | 6.9× |
| Revenue growth (YoY) | +4.4% |
| EPS growth (YoY) | +1.8% |
| Gross margin | 69% |
| Operating margin | 34% |
| Net margin | 28% |
| Return on equity | 6% |
| Debt / equity | 0.85× |
| Current ratio | 1.77 |
| Dividend yield | 5.13% |
| Beta | 0.96 |
| 52-week range | $19.76 – $26.65 |
| Position in that range | 41% of the way up |
| 3-month return | -7.5% |
| 1-year return | +2.7% |
Five years of financials, as filed
Pulled from Kimco Realty's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $1.8B | $1.7B | $1.4B |
| Operating income | $771M | $629M | $639M | $565M | $424M |
| Net income | $554M | $376M | $629M | $101M | $819M |
| Operating cash flow | $1.1B | $1.0B | $1.1B | $861M | $619M |
| Capital expenditure | $18.4M | — | — | — | — |
| Total assets | $19.7B | $20.3B | $18.3B | $17.8B | $18.5B |
| Total liabilities | $9.1B | $9.5B | $8.5B | $8.1B | $8.3B |
| Shareholder equity | $10.4B | $10.7B | $9.5B | $9.5B | $9.9B |
| Cash | $212M | $689M | $781M | $147M | $326M |
| Long-term debt | $7.7B | $8.0B | $7.3B | $6.8B | $7.0B |
| Free cash flow | $1.1B | — | — | — | — |
| Operating margin | 36.0% | 30.9% | 35.8% | 32.7% | 31.1% |
| Net margin | 25.9% | 18.4% | 35.3% | 5.8% | 60.0% |
| Diluted shares | 675M | 672M | 618M | 618M | 511M |
Share count is up 32.0% over 4 years. Your slice has been diluted.
Risk factors KIM lists in its 10-K
- Comparison of the years ended December 31, 2025 and 2024
- Revenues from rental properties, net –
- Mortgage and other financing income, net –
- Gain/(loss) on marketable securities, net –
- Equity in income of joint ventures, net –
- Equity in income of other investments, net –
- Preferred stock redemption charges –
- Comparison of the years ended December 31, 2024 and 2023
- Acquisitions of Operating Real Estate and Other Related Net Assets
- Improvements to Operating Real Estate
- Payments due by period (in millions)
- Unconsolidated Real Estate Joint Ventures
- Evaluation of Disclosure Controls and Procedures
- Changes in Internal Control Over Financial Reporting