Kimco Realty Corporation (KIM) vs Realty Income Corporation (O)

Kimco Realty Corporation and Realty Income Corporation are both Reit Retail companies. Realty Income Corporation is the larger, with a market value of $56.6B against $17.0B — 3.3× the size. Kimco Realty Corporation trades at the lower P/E: 23.6× against 40.2×. Realty Income Corporation grew revenue faster over the last twelve months: 10.8% against 3.50%. Kimco Realty Corporation has the higher net margin (32.7% vs 21.9%) and the higher return on invested capital (3.02% vs 1.16%). Both pay a dividend; Realty Income Corporation yields more (5.47% vs 4.14%). Across the 22 metrics below, Kimco Realty Corporation leads on 14 and Realty Income Corporation on 8.

Valuation

Metric KIM O Reit Retail median
P/E 23.62 40.19 24.06
P/S 7.76 9.03 7.25
P/B 1.65 1.32 1.77
Price to free cash flow 19.74 n/m 17.80
EV/EBITDA 16.69 20.87 15.96
EV/Sales 11.37 13.22 10.99
Earnings yield 4.23% 2.49% 4.16%
Free cash flow yield 5.07% (3.51%) 3.05%

Profitability

Metric KIM O Reit Retail median
Gross margin 69.18% 92.59% 71.84%
Operating margin 40.10% 20.48% 36.94%
Net margin 32.73% 21.85% 29.40%
Free cash flow margin 39.32% (31.73%) 21.18%
Return on equity 6.86% 3.31% 7.18%
Return on assets 3.63% 1.82% 3.65%
Return on invested capital 3.02% 1.16% 3.22%

Growth

Metric KIM O Reit Retail median
Revenue growth (TTM) 3.50% 10.79% 8.64%
EPS growth (last fiscal year) 49.09% 19.39% 16.00%
Revenue growth, 5-year CAGR 15.13% 28.40% 8.62%
Net income growth, 5-year CAGR (10.68%) 21.76% 1.85%

Health

Metric KIM O Reit Retail median
Debt to equity 0.82 0.74 0.88
Current ratio 3.81 6.04 1.24
Net debt to EBITDA 5.70 7.98 5.40

Dividend

Metric KIM O Reit Retail median
Dividend yield 4.14% 5.47% 4.14%
Payout ratio 0.98 2.20 1.07

Size

Metric KIM O Reit Retail median
Market cap 17.03b 56.58b 4.04b

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