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Kimco Realty Corp KIM

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Stock XNYS Rating as of
$19.41 +0.14 (0.73%)
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As of Delayed Price Post-Trading: $20.00 +0.50
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Company Report

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Kimco Has Improved Portfolio Quality Through Combination of Acquisitions and Dispositions

Kevin Brown

Retail real estate investment trust Kimco Realty owns and operates a geographically diversified portfolio of quality shopping centers. Its retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. The company has transformed dramatically, having sold over 400 properties for more than $6 billion since 2010, which has significantly improved the portfolio's quality. Currently, Kimco derives more than 80% of its annual base rent from major metropolitan markets. Management continues to strategically sell lower-quality assets and reinvest the proceeds in high-yielding development and redevelopment projects.

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Price vs Fair Value

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KIM is trading at a 449% premium.
Price
$19.27
Fair Value
$26.60
Uncertainty
Medium
1-Star Price
$41.63
5-Star Price
$22.37
Economic Moat
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Capital Allocation
Wytzljwb

Bulls Say, Bears Say

Bulls

Many of Kimco’s in-place leases are significantly below current market rents, providing a potential and notable source of organic growth well into the future.

Bears

Many of Kimco’s in-place leases are subject to renewal options that allow tenants to extend the leases without full renegotiation of rent, preventing the company from realizing often higher current market rents.

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Trading Information

Previous Close Price
$19.27
Day Range
$19.21–19.42
52-Week Range
$16.34–22.84
Bid/Ask
$18.96 / $20.00
Market Cap
$13.08 Bil
Volume/Avg
4.5 Mil / 4.2 Mil

Key Statistics

Price/Earnings (Normalized)
40.67
Price/Sales
6.59
Dividend Yield (Trailing)
4.93%
Dividend Yield (Forward)
4.98%
Total Yield
4.93%

Company Profile

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 569 shopping centers throughout major markets in the US, representing roughly 87 million square feet.
Sector
Real Estate
Industry
REIT - Retail
Stock Style Box
Mid Value
Total Number of Employees
660
Website
https://www.kimcorealty.com

Competitors

Valuation

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Metric
KIM
FRT
O
Price/Earnings (Normalized)
 40.6737.5738.05
Price/Book Value
 1.223.021.17
Price/Sales
 6.597.138.77
Price/Cash Flow
 14.1914.7013.21
Price/Earnings
KIM
FRT
O

Financial Strength

Metric
KIM
FRT
O
Quick Ratio
 1.801.011.49
Current Ratio
 1.821.011.55
Interest Coverage
 2.472.401.96
Quick Ratio
KIM
FRT
O

Profitability

Metric
KIM
FRT
O
Return on Assets (Normalized)
 2.26%3.13%1.94%
Return on Equity (Normalized)
 4.23%9.43%3.39%
Return on Invested Capital (Normalized)
 3.48%5.04%3.39%
Return on Assets
KIM
FRT
O
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REIT - Retail Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Simon Property Group Inc
SPG
DwgyphzlfJhf$47.8 Bil
 Realty Income Corp
O
MqrbqcgsjwVbv$45.6 Bil
 Regency Centers Corp
REG
FhhkxfwjpVhfwl$11.4 Bil
 Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.
UNBLF
—Phsq$11.1 Bil
 Scentre Group
STGPF
—Djgyt$11.0 Bil
 Link Real Estate Investment Trust
LKREF
—Tnkh$9.9 Bil
 CapitaLand Integrated Commercial Trust
CPAMF
—Yxqqcs$9.7 Bil
 Federal Realty Investment Trust
FRT
NpsxqxrbyTgvnv$8.3 Bil
 Macerich Co
MAC
RfqgkxpWtm$3.2 Bil

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