Federal Realty Investment Trust (FRT) vs Kimco Realty Corporation (KIM)

Federal Realty Investment Trust and Kimco Realty Corporation are both Reit Retail companies. Kimco Realty Corporation is the larger, with a market value of $14.9B against $9.7B — 1.5× the size. Federal Realty Investment Trust trades at the lower P/E: 22.2× against 26.4×. Federal Realty Investment Trust grew revenue faster over the last twelve months: 8.04% against 4.41%. Federal Realty Investment Trust has the higher net margin (32.0% vs 26.4%) and the higher return on invested capital (4.93% vs 2.67%). Both pay a dividend; Kimco Realty Corporation yields more (4.87% vs 4.26%). Across the 23 metrics below, Kimco Realty Corporation leads on 12 and Federal Realty Investment Trust on 11.

Valuation

Metric FRT KIM Reit Retail median
P/E 22.24 26.40 24.82
P/S 7.13 6.89 6.69
P/B 2.91 1.45 1.75
Price to free cash flow 28.94 18.10 13.29
EV/EBITDA 13.78 16.43 15.42
EV/Sales 10.63 10.56 10.60
Earnings yield 4.50% 3.79% 3.91%
Free cash flow yield 3.46% 5.53% 2.98%

Profitability

Metric FRT KIM Reit Retail median
Gross margin 67.53% 68.93% 71.78%
Operating margin 47.86% 36.05% 34.62%
Net margin 31.97% 26.38% 27.14%
Free cash flow margin 24.65% 38.05% 18.82%
Return on equity 13.27% 5.47% 7.05%
Return on assets 4.83% 2.90% 3.40%
Return on invested capital 4.93% 2.67% 3.18%

Growth

Metric FRT KIM Reit Retail median
Revenue growth (TTM) 8.04% 4.41% 8.49%
EPS growth (last fiscal year) 36.84% 49.09% —
Revenue growth, 5-year CAGR 8.89% 15.13% 8.62%
Net income growth, 5-year CAGR 26.57% (10.68%) 1.85%

Health

Metric FRT KIM Reit Retail median
Debt to equity 1.39 0.84 0.94
Current ratio 1.70 5.23 1.62
Net debt to EBITDA 5.00 5.70 5.40

Dividend

Metric FRT KIM Reit Retail median
Dividend yield 4.26% 4.87% 4.57%
Payout ratio 0.92 1.49 1.21

Size

Metric FRT KIM Reit Retail median
Market cap 9.65b 14.93b 3.65b

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