Kimco Realty Corporation (KIM) vs Simon Property Group, Inc. (SPG)

Kimco Realty Corporation and Simon Property Group, Inc. are both Reit Retail companies. Simon Property Group, Inc. is the larger, with a market value of $71.7B against $14.9B — 4.8× the size. Simon Property Group, Inc. trades at the lower P/E: 14.4× against 26.4×. Simon Property Group, Inc. grew revenue faster over the last twelve months: 15.0% against 4.41%. Simon Property Group, Inc. has the higher net margin (66.5% vs 26.4%) and the higher return on invested capital (6.18% vs 2.67%). Both pay a dividend; Simon Property Group, Inc. yields more (5.40% vs 4.87%). Across the 23 metrics below, Simon Property Group, Inc. leads on 13 and Kimco Realty Corporation on 10.

Valuation

Metric KIM SPG Reit Retail median
P/E 26.40 14.44 24.82
P/S 6.89 9.56 6.69
P/B 1.45 11.99 1.75
Price to free cash flow 18.10 20.63 13.29
EV/EBITDA 16.43 18.26 15.42
EV/Sales 10.56 13.55 10.60
Earnings yield 3.79% 6.92% 3.91%
Free cash flow yield 5.53% 4.85% 2.98%

Profitability

Metric KIM SPG Reit Retail median
Gross margin 68.93% 81.43% 71.78%
Operating margin 36.05% 47.40% 34.62%
Net margin 26.38% 66.52% 27.14%
Free cash flow margin 38.05% 46.36% 18.82%
Return on equity 5.47% 110.70% 7.05%
Return on assets 2.90% 12.65% 3.40%
Return on invested capital 2.67% 6.18% 3.18%

Growth

Metric KIM SPG Reit Retail median
Revenue growth (TTM) 4.41% 15.02% 8.49%
EPS growth (last fiscal year) 49.09% 95.18% —
Revenue growth, 5-year CAGR 15.13% 6.67% 8.62%
Net income growth, 5-year CAGR (10.68%) 33.05% 1.85%

Health

Metric KIM SPG Reit Retail median
Debt to equity 0.84 5.15 0.94
Current ratio 5.23 1.05 1.62
Net debt to EBITDA 5.70 5.84 5.40

Dividend

Metric KIM SPG Reit Retail median
Dividend yield 4.87% 5.40% 4.57%
Payout ratio 1.49 1.09 1.21

Size

Metric KIM SPG Reit Retail median
Market cap 14.93b 71.72b 3.65b

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