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 $52.5B against $14.9B — 3.5× the size. Kimco Realty Corporation trades at the lower P/E: 26.4× against 40.5×. Realty Income Corporation grew revenue faster over the last twelve months: 10.9% against 4.41%. Kimco Realty Corporation has the higher net margin (26.4% vs 20.9%) and the higher return on invested capital (2.67% vs 1.13%). Both pay a dividend; Realty Income Corporation yields more (5.74% vs 4.87%). 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 26.40 40.54 24.82
P/S 6.89 8.55 6.69
P/B 1.45 1.23 1.75
Price to free cash flow 18.10 n/m 13.29
EV/EBITDA 16.43 19.99 15.42
EV/Sales 10.56 12.72 10.60
Earnings yield 3.79% 2.47% 3.91%
Free cash flow yield 5.53% (2.12%) 2.98%

Profitability

Metric KIM O Reit Retail median
Gross margin 68.93% 92.67% 71.78%
Operating margin 36.05% 20.11% 34.62%
Net margin 26.38% 20.93% 27.14%
Free cash flow margin 38.05% (18.16%) 18.82%
Return on equity 5.47% 3.12% 7.05%
Return on assets 2.90% 1.71% 3.40%
Return on invested capital 2.67% 1.13% 3.18%

Growth

Metric KIM O Reit Retail median
Revenue growth (TTM) 4.41% 10.85% 8.49%
EPS growth (last fiscal year) 49.09% 19.39% —
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 0.84 0.73 0.94
Current ratio 5.23 5.88 1.62
Net debt to EBITDA 5.70 7.98 5.40

Dividend

Metric KIM O Reit Retail median
Dividend yield 4.87% 5.74% 4.57%
Payout ratio 1.49 2.25 1.21

Size

Metric KIM O Reit Retail median
Market cap 14.93b 52.53b 3.65b

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