Kimco Realty Corporation (KIM) vs NNN REIT, Inc. (NNN)

Kimco Realty Corporation and NNN REIT, Inc. are both Reit Retail companies. Kimco Realty Corporation is the larger, with a market value of $14.9B against $8.0B — 1.9× the size. NNN REIT, Inc. trades at the lower P/E: 20.2× against 26.4×. NNN REIT, Inc. grew revenue faster over the last twelve months: 6.54% against 4.41%. NNN REIT, Inc. has the higher net margin (40.4% vs 26.4%) and the higher return on invested capital (3.92% vs 2.67%). Both pay a dividend; NNN REIT, Inc. yields more (5.73% vs 4.87%). Across the 22 metrics below, NNN REIT, Inc. leads on 13 and Kimco Realty Corporation on 9.

Valuation

Metric KIM NNN Reit Retail median
P/E 26.40 20.25 24.82
P/S 6.89 8.19 6.69
P/B 1.45 1.75 1.75
Price to free cash flow 18.10 n/m 13.29
EV/EBITDA 16.43 14.51 15.42
EV/Sales 10.56 13.43 10.60
Earnings yield 3.79% 4.94% 3.91%
Free cash flow yield 5.53% (0.53%) 2.98%

Profitability

Metric KIM NNN Reit Retail median
Gross margin 68.93% 96.09% 71.78%
Operating margin 36.05% 62.30% 34.62%
Net margin 26.38% 40.35% 27.14%
Free cash flow margin 38.05% (4.37%) 18.82%
Return on equity 5.47% 8.72% 7.05%
Return on assets 2.90% 4.10% 3.40%
Return on invested capital 2.67% 3.92% 3.18%

Growth

Metric KIM NNN Reit Retail median
Revenue growth (TTM) 4.41% 6.54% 8.49%
EPS growth (last fiscal year) 49.09% (3.72%) —
Revenue growth, 5-year CAGR 15.13% 6.99% 8.62%
Net income growth, 5-year CAGR (10.68%) 13.07% 1.85%

Health

Metric KIM NNN Reit Retail median
Debt to equity 0.84 1.12 0.94
Current ratio 5.23 1.15 1.62
Net debt to EBITDA 5.70 5.54 5.40

Dividend

Metric KIM NNN Reit Retail median
Dividend yield 4.87% 5.73% 4.57%
Payout ratio 1.49 1.08 1.21

Size

Metric KIM NNN Reit Retail median
Market cap 14.93b 7.98b 3.65b

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