U.S. Markets closed

Kimco Realty Corp (KIM) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Kimco Realty Corp (KIM) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Kimco Realty Corp is real estate investment trust that owns and operates neighborhood and community open-air shopping centers in North America. Kimco Realty Corp has a market cap of $7.48 billion; its shares were traded at around $17.75 with a P/E ratio of 17.40 and P/S ratio of 6.28. The dividend yield of Kimco Realty Corp stocks is 6.30%. Kimco Realty Corp had annual average EBITDA growth of 6.20% over the past five years.


For the last quarter Kimco Realty Corp reported a revenue of $284.2 million, compared with the revenue of $315.2 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.2 billion, a decrease of 3% from the previous year. For the last five years Kimco Realty Corp had an average revenue growth rate of 6.1% a year.

The reported diluted earnings per share was $1.02 for the year, an increase of 17.2% from previous year. Over the last five years Kimco Realty Corp had an EPS growth rate of 10% a year. The Kimco Realty Corp enjoyed an operating margin of 37.07%, compared with the operating margin of 33.71% a year before. The 10-year historical median operating margin of Kimco Realty Corp is 33.02%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Kimco Realty Corp has the cash and cash equivalents of $143.6 million, compared with $238.5 million in the previous year. The long term debt was $4.9 billion, compared with $5.5 billion in the previous year. The interest coverage to the debt is 2.4, which is not a favorable level. Kimco Realty Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $17.75, Kimco Realty Corp is traded at 30.2% discount to its historical median P/S valuation band of $25.43. The P/S ratio of the stock is 6.28, while the historical median P/S ratio is 8.99. The stock gained 31.84% during the past 12 months.

For the complete 20-year historical financial data of KIM, click here.

This article first appeared on GuruFocus.