Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. More Details
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Good value second-rate dividend payer.
Share Price & News
How has Kimco Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KIM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KIM's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: KIM exceeded the US REITs industry which returned 30.6% over the past year.
Return vs Market: KIM exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Kimco Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Weakness In Kimco Realty Corporation (NYSE:KIM) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
1 month ago | Simply Wall StHere's Why I Think Kimco Realty (NYSE:KIM) Might Deserve Your Attention Today
Is Kimco Realty undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KIM ($21.29) is trading below our estimate of fair value ($37.41)
Significantly Below Fair Value: KIM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KIM is good value based on its PE Ratio (23.4x) compared to the US REITs industry average (46.7x).
PE vs Market: KIM is poor value based on its PE Ratio (23.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: KIM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KIM is good value based on its PB Ratio (1.6x) compared to the US REITs industry average (1.9x).
How is Kimco Realty forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KIM's earnings are forecast to decline over the next 3 years (-20.4% per year).
Earnings vs Market: KIM's earnings are forecast to decline over the next 3 years (-20.4% per year).
High Growth Earnings: KIM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KIM's revenue (2.7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: KIM's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KIM's Return on Equity is forecast to be low in 3 years time (4.4%).
How has Kimco Realty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KIM has a large one-off gain of $165.2M impacting its June 30 2021 financial results.
Growing Profit Margin: KIM's current net profit margins (35.6%) are lower than last year (87.6%).
Past Earnings Growth Analysis
Earnings Trend: KIM's earnings have grown by 13.4% per year over the past 5 years.
Accelerating Growth: KIM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KIM had negative earnings growth (-59.6%) over the past year, making it difficult to compare to the REITs industry average (-9.1%).
Return on Equity
High ROE: KIM's Return on Equity (7.3%) is considered low.
How is Kimco Realty's financial position?
Financial Position Analysis
Short Term Liabilities: KIM's short term assets ($430.2M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: KIM's short term assets ($430.2M) do not cover its long term liabilities ($5.8B).
Debt to Equity History and Analysis
Debt Level: KIM's debt to equity ratio (89.9%) is considered high.
Reducing Debt: KIM's debt to equity ratio has reduced from 93.8% to 89.9% over the past 5 years.
Debt Coverage: KIM's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: KIM's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Kimco Realty current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KIM's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: KIM's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: KIM's dividend payments have been volatile in the past 10 years.
Growing Dividend: KIM's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.5%), KIM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KIM's dividends in 3 years are forecast to be covered by earnings (57.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Conor Flynn (40 yo)
Mr. Conor C. Flynn has been the Chief Executive Officer at Kimco Realty Corporation since January 01, 2016 and served as its President from August 05, 2014 to February 27, 2017. Mr. Flynn joined the firm a...
CEO Compensation Analysis
Compensation vs Market: Conor's total compensation ($USD7.71M) is about average for companies of similar size in the US market ($USD6.49M).
Compensation vs Earnings: Conor's compensation has been consistent with company performance over the past year.
Experienced Management: KIM's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: KIM's board of directors are considered experienced (9.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KIM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kimco Realty Corporation's company bio, employee growth, exchange listings and data sources
- Name: Kimco Realty Corporation
- Ticker: KIM
- Exchange: NYSE
- Founded: 1966
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$9.245b
- Market Cap: US$9.230b
- Shares outstanding: 434.24m
- Website: https://www.kimcorealty.com
Number of Employees
- Kimco Realty Corporation
- 500 North Broadway
- Suite 201
- New York
- United States
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America’s largest publicly traded owners and operators of open-air, grocery-anchor...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/03 00:34|
|End of Day Share Price||2021/08/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.