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Kimco Realty Corporation

KIM Real Estate Reit Retail

Kimco Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 5.06% from fiscal 2024.

Revenue
+1.92%
EPS
+122.7%
Free cash flow
+12.4%
Total debt
+3.01%

Quarter to September 2026, against a year earlier

25.59 0.29 −1.12%
Market cap
$17.0B
P/E
23.6×
Fwd P/E
28.5×
Dividend yield
4.14%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2018

  • Revenues from Rental Properties
  • Reimbursement Income
  • Other Rental Property Income
  • Management and Other Fee Incomes

Every year since 2016 →

Insider Decisions last twelve months

Sold, $m 0.20
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — — — — —
Insider Ownership 3.02%

Capital & Financial Ratios $m

Size
Market Cap 17,030.00
Revenue ttm 2,197.42
Net income ttm 755.69
Free cash flow ttm 863.98
Net debt Q 7,927.11
Valuation
P/E 23.62
Forward P/E 28.50
Price / sales 7.76
Forward P/S Powerpack
Price / FCF 19.74
Price / book 1.65
Financial health
Current ratio Q 3.81
Debt / equity Q 0.82
Interest coverage Q 3.19
Growth
Revenue growth Q +1.92% (above 0%: growing)
Operating income growth Q +49.54% (above 0%: growing)
EPS, this year +7.07%
EPS, next year A +0.74%
Revenue, next year A +2.33%
EPS, past 5 yrs −18.28% (below 0%: weak)
EPS, next 5 yrs A +4.80%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 11.4×, against a ten-year median of 11.1×; over the ten years it ranged from 8.2× in 2020 to 16.0× in 2021.
P/E against its own 10 years 53.17%
10-year low 10-year high
P/S against its own 10 years 67.73%
10-year low 10-year high
P/B against its own 10 years 83.98%
10-year low 10-year high
EV/Sales against its own 10 years 56.40%
10-year low 10-year high
EV/FCF against its own 10 years 42.21%
10-year low 10-year high

Dividends raised 2 years running

Yield
4.14%
Annual rate
1.06
Payout ratio
98.0%
Growth, 2017–25
−0.95%/yr
  1. 1.09 ’17
  2. 1.12 ’18 +3
  3. 1.12 ’19 +0
  4. 0.54 ’20 −52
  5. 0.68 ’21 +26
  6. 0.84 ’22 +24
  7. 0.69 ’23 −18
  8. 0.97 ’24 +41
  9. 1.01 ’25 +4
  10. 1.08 ’26e +7
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 784 690 213 545
Receivables — — — —
Inventory — — — —
Other — — — —
1,091 1,475 966 1,258
2023 2024 2025 Q'26
Payables 216 282 292 331
ST’ Debt — — — —
Other — — — —
216 282 292 331

Compound Annual Growth %

10y 5y 3y
Sales 6.25% 15.13% 7.40%
Cash Flow 8.54% 13.68% 9.16%
Earnings (3.97%) (10.68%) 76.55%
Book Value 7.36% 13.21% 3.01%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.46 Actual 0.47

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.44 0.44 Met by 0.00
Q1 FY26 0.45 0.46 Beat by 0.01
Q2 FY26 0.46 0.46 Met by 0.00
Q3 FY26 0.46 0.47 Beat by 0.01
Q4 FY26 0.46 — Reports 11 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.23 0.22 0.42 — —
’25 0.18 0.23 0.19 0.21 0.82
’24 (0.03) 0.17 0.19 0.23 0.55
’23 0.46 0.16 0.18 0.22 1.02
’22 0.37 (0.21) 0.08 (0.09) 0.16
’21 0.30 0.25 0.91 0.13 1.60
’20 0.19 1.71 (0.10) 0.45 2.25
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 558 551 546 — —
’25 537 525 536 542 2,140
’24 504 500 508 525 2,037
’23 443 443 446 452 1,783
’22 427 427 433 440 1,728
’21 282 289 369 425 1,365
’20 290 239 260 269 1,058
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 243 345 390 — —
’25 224 305 332 258 1,120
’24 176 294 296 240 1,006
’23 345 255 281 190 1,072
’22 195 248 263 155 861
’21 148 145 124 202 619
’20 155 82 228 124 590
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 224 233 288 — —
’25 67 220 257 119 663
’24 197 215 201 (14) 599
’23 277 232 46 134 690
’22 155 220 187 (11) 551
’21 66 207 83 46 402
’20 90 21 183 70 364
Fiscal quarters ending in the months shown.

Valuation

The price implies FFO a share growing 1.1% a year for ten years. It grew −4.2% a year over the last ten.

Implied
1.1%
10 years, reported
−4.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,171 1,201 1,165 1,159 1,058 1,365 1,728 1,783 2,037 2,140 2,197 +6.9% 2,190 2,266 2,347 +3.1%
Gross margin, % 71.90 71.86 71.79 70.92 67.58 69.37 69.27 68.78 68.70 69.05 69.18 (2.8) pt
EBT 161 240 399 312 928 745 44 644 351 494 595 +13.3%
EBT margin, % 13.74 19.98 34.29 26.92 87.71 54.60 2.56 36.11 17.24 23.07 27.08 +9.3 pt
Net income 386 440 498 414 1,003 850 115 666 419 593 756 +4.9%
Per share, $
Per share, $ Revenue 2.80 2.83 2.77 2.76 2.46 2.70 2.81 2.89 3.03 3.17 3.30 +1.4%
Earnings 0.79 0.87 1.02 0.80 2.26 1.61 0.16 1.02 0.55 0.82 1.08 +0.4%
Cash flow 1.42 1.45 1.52 1.39 1.37 1.22 1.40 1.74 1.50 1.66 1.85 +1.8%
Capex (0.26) (0.80) 0.53 (0.29) (0.52) (0.43) (0.50) (0.62) (0.60) (0.68) (0.56) +11.1%
Free cash flow 1.15 0.65 2.05 1.10 0.85 0.79 0.90 1.12 0.89 0.98 1.30 (1.8%)
Book value 12.91 13.04 12.86 11.73 13.19 19.97 15.67 15.65 16.08 15.62 15.48 +2.1%
Shares, m 418 424 421 420 430 506 616 617 672 675 671 +5.5%
Valuation, ×
Valuation, × P/E 31.73 20.83 14.36 25.89 6.64 15.50 141.60 20.86 41.84 25.02 23.62 34.4
P/S 9.07 6.39 5.29 7.51 6.10 9.14 7.57 7.36 7.72 6.39 7.76 7.3
P/B 1.97 1.39 1.14 1.77 1.14 1.23 1.36 1.36 1.46 1.30 1.65 1.4
EV/Sales 13.28 10.76 9.35 11.99 10.89 14.38 11.62 11.19 11.54 10.12 11.37 11.5
EV/FCF 32.26 47.04 12.66 30.06 31.62 48.80 36.45 28.93 39.21 32.68 28.92 34.0
Cash, $m
Cash, $m Operating cash flow 592 614 638 584 590 619 861 1,072 1,006 1,120 1,236 +7.3%
Capex (110) (340) 222 (121) (226) (217) (310) (382) (406) (457) (372) +17.1%
Free cash flow 482 275 860 462 364 402 551 690 599 663 864 +3.6%
Balance, $m
Balance, $m Working capital 202 264 153 173 366 369 246 875 1,193 674 928 +14.3%
Net debt 4,924 5,240 4,730 5,192 5,062 7,141 7,008 6,833 7,771 7,973 7,927 +5.5%
Shareholders’ equity 5,403 5,522 5,411 4,929 5,670 10,110 9,647 9,653 10,798 10,543 10,319 +7.7%
Returns, %
Returns, % ROA 2.93 3.22 3.78 3.09 8.63 5.44 0.56 3.49 1.95 2.77 3.63 (0.2) pt
ROIC 2.38 2.50 3.59 2.95 1.94 1.54 2.12 2.42 2.12 2.60 3.02 +0.2 pt
ROE 6.25 6.78 7.86 6.58 18.41 10.38 1.02 6.52 3.67 5.20 6.86 (1.1) pt
People
People Employees 551 546 533 502 484 606 639 660 717 710 — +2.9%
Revenue/emp, $m 2.12 2.20 2.19 2.31 2.19 2.25 2.70 2.70 2.84 3.01 — +4.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Kimco Realty is a real estate investment trust, or REIT, that owns and operates open-air shopping centers and mixed-use properties in the United States. Its shopping centers typically have a grocery store or another large retailer as an anchor, alongside smaller stores and service businesses. Kimco leases space to those tenants and manages the properties where they operate.

The company was founded in 1958 and is headquartered in New Hyde Park; its executive offices are in Jericho, New York. Conor C. Flynn is its chief executive officer. Kimco administers nearly all of its operating functions itself, including leasing, maintenance, construction, finance and accounting.

Where the money comes from and where it goes Fiscal 2018

Fiscal 2018: revenue by products and services, and margins
Revenues from Rental Properties 882 75.75%
Reimbursement Income 246 21.15%
Other Rental Property Income 21 1.79%
Management and Other Fee Incomes 15 1.30%
Gross margin 71.79%
Operating margin 50.00%
Pre-tax margin 34.29%

Revenue by segment since 2016

Kimco Realty Corporation vs peers in Reit Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KIM Kimco Realty Corporation $17.0B 23.6× 28.5× +1.92% (above 0%: growing) +122.74% (above 0%: growing) +12.37% (above 0%: growing) 70.40% 51.27%
REG Regency Centers Corporation $14.0B 25.8× 29.9× +8.58% (above 0%: growing) +8.93% (above 0%: growing) +15.87% (above 0%: growing) 70.75% 37.28% Compare
FRT Federal Realty Investment Trust $9.8B 22.3× 25.9× +5.20% (above 0%: growing) +15.51% (above 0%: growing) +14.04% (above 0%: growing) 67.81% 34.47% Compare
BRX Brixmor Property Group Inc. $9.2B 21.4× 25.2× +5.50% (above 0%: growing) −7.48% (below 0%: shrinking) +294.25% (above 0%: growing) 75.75% 38.37% Compare
ADC Agree Realty Corporation $9.2B 36.3× 34.2× +16.73% (above 0%: growing) +17.78% (above 0%: growing) +50.00% (above 0%: growing) 87.70% 51.23% Compare
NNN NNN REIT, Inc. $8.0B 19.6× 19.9× +8.48% (above 0%: growing) +12.98% (above 0%: growing) +232.63% (above 0%: growing) 96.70% 66.07% Compare
MAC Macerich Company (The) $7.4B — (loss-making) — (loss-making) +2.69% (above 0%: growing) n/m −3.56% (below 0%: shrinking) 0.00% 0.00% Compare
EPRT Essential Properties Realty Trust, Inc. $6.3B 22.8× 21.0× +16.38% (above 0%: growing) −15.15% (below 0%: shrinking) +12.90% (above 0%: growing) 98.73% 56.03% Compare
PECO Phillips Edison & Company, Inc. $5.8B 27.5× 44.5× +5.70% (above 0%: growing) +166.50% (above 0%: growing) +95.58% (above 0%: growing) 71.76% 29.93% Compare
Median of peers $8.6B 22.8× 25.9× +7.09% +12.98% +32.94% 73.75% 37.83%

All 26 Reit Retail stocks →

From the latest earnings call

Updated

  • CEO Conor Flynn said Kimco is seeing faster rent commencements and greater cost efficiency from its unified operating platform, One Kimco.
  • CFO Glenn Cohen said Kimco raised its full-year FFO and same-property income outlook, citing rent commencements, tenant retention, recoveries and cost management.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.40%
Held by the ten largest 58.66%
Holder Shares Stake Change
Vanguard 109.50m 16.34% +86.04k
BlackRock 74.78m 11.16% +1.11m
COHEN & STEERS, INC. 56.64m 8.45% +2.93m
State Street 46.96m 7.01% +175.40k
Fidelity (FMR) 21.49m 3.21% −2.49m
Geode Capital Management 19.88m 2.97% +275.05k
FEDERATED HERMES, INC. 18.18m 2.71% +293.88k
Invesco 17.06m 2.55% −2.24m
APG Asset Management US Inc. 14.75m 2.20% −40.23k
JPMorgan Chase 13.95m 2.08% −7.60m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 8 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 11.58m 9.73m 167.00
2024 10.93m 18.44m 184.00
2023 13.95m 14.55m 160.00
2022 11.63m 11.07m 151.00
2021 10.49m 22.64m 169.00

Ownership

Directors and executive officers, together 2.20%
The Vanguard Group, Inc. 15.20%
BlackRock, Inc. 9.60%
State Street Corporation 6.70%
Cohen & Steers, Inc 6.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Kimco Realty Corporation (KIM) Latest News

2 Nov

Impact 3 · · GlobeNewswire

30 Oct

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29 Oct

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Impact 4 · · The Motley Fool transcript
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22 Sep

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21 Sep

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18 Sep

Impact 3 ·

12 Aug

Impact 3 ·

11 Aug

Impact 4 · · The Motley Fool transcript

5 Aug

Impact 3 ·
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KIM metrics, ten years each

stockrow.com/KIM · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com