Kimco Realty Corporation (KIM) vs Regency Centers Corporation (REG)

Kimco Realty Corporation and Regency Centers Corporation are both Reit Retail companies. Kimco Realty Corporation is the larger, with a market value of $14.9B against $13.4B — 1.1× the size. Regency Centers Corporation trades at the lower P/E: 24.8× against 26.4×. Regency Centers Corporation grew revenue faster over the last twelve months: 8.24% against 4.41%. Regency Centers Corporation has the higher net margin (33.5% vs 26.4%) and the higher return on invested capital (3.17% vs 2.67%). Both pay a dividend; Kimco Realty Corporation yields more (4.87% vs 4.32%). Across the 23 metrics below, Regency Centers Corporation leads on 12 and Kimco Realty Corporation on 11.

Valuation

Metric KIM REG Reit Retail median
P/E 26.40 24.82 24.82
P/S 6.89 8.29 6.69
P/B 1.45 1.94 1.75
Price to free cash flow 18.10 37.19 13.29
EV/EBITDA 16.43 17.76 15.42
EV/Sales 10.56 11.19 10.60
Earnings yield 3.79% 4.03% 3.91%
Free cash flow yield 5.53% 2.69% 2.98%

Profitability

Metric KIM REG Reit Retail median
Gross margin 68.93% 70.35% 71.78%
Operating margin 36.05% 37.11% 34.62%
Net margin 26.38% 33.54% 27.14%
Free cash flow margin 38.05% 22.29% 18.82%
Return on equity 5.47% 8.01% 7.05%
Return on assets 2.90% 4.20% 3.40%
Return on invested capital 2.67% 3.17% 3.18%

Growth

Metric KIM REG Reit Retail median
Revenue growth (TTM) 4.41% 8.24% 8.49%
EPS growth (last fiscal year) 49.09% 33.65% —
Revenue growth, 5-year CAGR 15.13% 8.86% 8.62%
Net income growth, 5-year CAGR (10.68%) 62.83% 1.85%

Health

Metric KIM REG Reit Retail median
Debt to equity 0.84 0.69 0.94
Current ratio 5.23 1.25 1.62
Net debt to EBITDA 5.70 4.69 5.40

Dividend

Metric KIM REG Reit Retail median
Dividend yield 4.87% 4.32% 4.57%
Payout ratio 1.49 1.20 1.21

Size

Metric KIM REG Reit Retail median
Market cap 14.93b 13.35b 3.65b

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