Kimco Realty Corporation (KIM) vs Phillips Edison & Company, Inc. (PECO)

Kimco Realty Corporation and Phillips Edison & Company, Inc. are both Reit Retail companies. Kimco Realty Corporation is the larger, with a market value of $14.9B against $5.2B — 2.8× the size. Kimco Realty Corporation trades at the lower P/E: 26.4× against 32.5×. Phillips Edison & Company, Inc. grew revenue faster over the last twelve months: 8.10% against 4.41%. Kimco Realty Corporation has the higher net margin (26.4% vs 19.1%) and the lower return on invested capital (2.67% vs 2.69%). Both pay a dividend; Kimco Realty Corporation yields more (4.87% vs 3.39%). Across the 23 metrics below, Phillips Edison & Company, Inc. leads on 12 and Kimco Realty Corporation on 11.

Valuation

Metric KIM PECO Reit Retail median
P/E 26.40 32.52 24.82
P/S 6.89 6.29 6.69
P/B 1.45 1.77 1.75
Price to free cash flow 18.10 10.82 13.29
EV/EBITDA 16.43 14.94 15.42
EV/Sales 10.56 9.51 10.60
Earnings yield 3.79% 3.07% 3.91%
Free cash flow yield 5.53% 9.24% 2.98%

Profitability

Metric KIM PECO Reit Retail median
Gross margin 68.93% 71.00% 71.78%
Operating margin 36.05% 29.13% 34.62%
Net margin 26.38% 19.14% 27.14%
Free cash flow margin 38.05% 58.12% 18.82%
Return on equity 5.47% 5.46% 7.05%
Return on assets 2.90% 2.68% 3.40%
Return on invested capital 2.67% 2.69% 3.18%

Growth

Metric KIM PECO Reit Retail median
Revenue growth (TTM) 4.41% 8.10% 8.49%
EPS growth (last fiscal year) 49.09% 74.51% —
Revenue growth, 5-year CAGR 15.13% 7.85% 8.62%
Net income growth, 5-year CAGR (10.68%) 87.74% 1.85%

Health

Metric KIM PECO Reit Retail median
Debt to equity 0.84 0.92 0.94
Current ratio 5.23 0.01 1.62
Net debt to EBITDA 5.70 5.03 5.40

Dividend

Metric KIM PECO Reit Retail median
Dividend yield 4.87% 3.39% 4.57%
Payout ratio 1.49 2.37 1.21

Size

Metric KIM PECO Reit Retail median
Market cap 14.93b 5.24b 3.65b

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