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 $52.6B against $15.2B — 3.5× the size. Kimco Realty Corporation trades at the lower P/E: 27.0× against 40.9×. 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 (5.79% vs 4.63%). 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 26.95 40.92 25.89
P/S 7.03 8.63 6.86
P/B 1.48 1.25 1.73
Price to free cash flow 18.48 n/m 14.23
EV/EBITDA 16.65 20.11 15.33
EV/Sales 10.71 12.80 10.49
Earnings yield 3.71% 2.44% 3.87%
Free cash flow yield 5.41% (2.10%) 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% 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 0.84 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 4.63% 5.79% 4.45%
Payout ratio 1.25 2.37 1.21

Size

Metric KIM O Reit Retail median
Market cap 15.21b 52.56b 3.56b

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