Kimco Realty Corporation (KIM)
- Previous Close
18.60 - Open
18.59 - Bid 18.65 x 4000
- Ask 18.66 x 3000
- Day's Range
18.54 - 18.76 - 52 Week Range
16.34 - 22.84 - Volume
4,092,050 - Avg. Volume
5,419,290 - Market Cap (intraday)
12.559B - Beta (5Y Monthly) 1.45
- PE Ratio (TTM)
18.26 - EPS (TTM)
1.02 - Earnings Date --
- Forward Dividend & Yield 0.96 (5.16%)
- Ex-Dividend Date Mar 6, 2024
- 1y Target Est
22.44
Kimco Realty (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The company's portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of December 31, 2023, the company owned interests in 523 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space.
www.kimcorealty.comRecent News: KIM
Performance Overview: KIM
Trailing total returns as of 4/23/2024, which may include dividends or other distributions. Benchmark is .
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Statistics: KIM
Valuation Measures
Market Cap
12.54B
Enterprise Value
19.16B
Trailing P/E
18.24
Forward P/E
25.51
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
6.45
Price/Book (mrq)
1.32
Enterprise Value/Revenue
10.74
Enterprise Value/EBITDA
13.67
Financial Highlights
Profitability and Income Statement
Profit Margin
36.69%
Return on Assets (ttm)
2.06%
Return on Equity (ttm)
6.84%
Revenue (ttm)
1.78B
Net Income Avi to Common (ttm)
628.76M
Diluted EPS (ttm)
1.02
Balance Sheet and Cash Flow
Total Cash (mrq)
783.76M
Total Debt/Equity (mrq)
79.70%
Levered Free Cash Flow (ttm)
799.06M
Research Analysis: KIM
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Research Reports: KIM
Analyst Report: Kimco Realty Corporation
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 523 shopping centers throughout major markets in the US, representing roughly 77 million square feet.
RatingPrice TargetAnalyst Report: Kimco Realty Corporation
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 523 shopping centers throughout major markets in the US, representing roughly 77 million square feet.
RatingPrice TargetAnalyst Report: Kimco Realty Corporation
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 523 shopping centers throughout major markets in the US, representing roughly 77 million square feet.
RatingPrice TargetAnalyst Report: Kimco Realty Corp.
Kimco is a last-mile real estate investment trust specializing in the acquisition, development, and management of open-air shopping centers. The company's portfolio consists of 579 U.S. shopping centers and mixed use assets. New York and California account for about 28% of all properties. Joint ventures account for about 13% of consolidated NOI. About 80% of annual base rents came from centers anchored by grocery store tenants. Anchor stores also include discount clothing retailers and T.J Maxx is the company's top tenant, accounting for almost 5% of GLA. The company recognizes the value of multiuse retail destinations that include smaller tenants, and has maintained relationships with fast food and coffee retailers. The company has shopping centers in 39 states, with a focus on the last-mile suburbs of major metro coastal markets, as well as Sunbelt locations. In August 2021, it purchased Weingarten Realty for approximately $3.9 billion, becoming the largest grocery-anchored shopping REIT by market capitalization. The acquisition also gave the company a presence in Texas. In January 2024, Kimco purchased RPT Realty in an all-stock transaction. Kimco has had a significant equity stake in Albertsons and its balance sheet has benefited from the Kroger-Albertsons merger. In January 2023, the company restructured with an internal merger into an umbrella partnership REIT, or UPREIT. The new parent holding company, New Kimco, is the publicly traded company. KIM shares are included in the S&P 500. The company's market cap is $13.3 billion.
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