NYSE:KIM

Stock Analysis Report

Executive Summary

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers.

Snowflake

Fundamentals

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Kimco Realty's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

KIM

1.5%

US REITs

0.4%

US Market


1 Year Return

38.3%

KIM

19.9%

US REITs

6.9%

US Market

Return vs Industry: KIM exceeded the US REITs industry which returned 19.9% over the past year.

Return vs Market: KIM exceeded the US Market which returned 6.9% over the past year.


Shareholder returns

KIMIndustryMarket
7 Day0.9%1.5%0.4%
30 Day3.5%1.6%-1.1%
90 Day16.9%7.8%-0.5%
1 Year47.2%38.3%25.2%19.9%9.3%6.9%
3 Year-10.2%-25.3%36.0%18.6%45.8%36.4%
5 Year12.5%-13.1%64.7%30.0%62.9%45.1%

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

Valuation

Is Kimco Realty undervalued compared to its fair value and its price relative to the market?

3.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: KIM ($20.92) is trading below our estimate of fair value ($21.6)

Significantly Undervalued: KIM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: KIM is good value based on its PE Ratio (26x) compared to the REITs industry average (36.2x).

PE vs Market: KIM is poor value based on its PE Ratio (26x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: KIM is poor value based on its PEG Ratio (255.6x)


Price to Book Ratio

PB vs Industry: KIM is good value based on its PB Ratio (1.7x) compared to the US REITs industry average (2x).


Next Steps

Future Growth

How is Kimco Realty forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

0.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KIM's forecast earnings growth (0.1% per year) is below the savings rate (2.7%).

Earnings vs Market: KIM's earnings (0.1% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: KIM's earnings are forecast to grow, but not significantly.

Revenue vs Market: KIM's revenue (1.8% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: KIM's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: KIM's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has Kimco Realty performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KIM's earnings have declined by -4.7% 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 (-25.5%) over the past year, making it difficult to compare to the REITs industry average (17.6%).


Return on Equity

High ROE: KIM's Return on Equity (7.5%) is considered low.


Return on Assets

ROA vs Industry: KIM has a higher Return on Assets than the REITs industry average last year.


Return on Capital Employed

ROCE Improving: KIM has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Kimco Realty's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: KIM has a high level of physical assets or inventory.

Debt Coverage by Assets: KIM's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: KIM's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if KIM has a sufficient allowance for bad loans.

Low Risk Liabilities: KIM reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if KIM has an acceptable proportion of non-loan assets held.

Low Risk Deposits: KIM has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if KIM has an appropriate level of bad loans.


Next Steps

Dividend

What is Kimco Realty's current dividend yield, its reliability and sustainability?

5.35%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%1.4%markettop25%3.7%industryaverage3.6%forecastin3Years5.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KIM's dividend (5.35%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: KIM's dividend (5.35%) is in the top 25% of dividend payers in the US market (3.73%)

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: At its current payout ratio (86.9%), KIM's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KIM's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).


Next Steps

Management

What is the CEO of Kimco Realty's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Conor Flynn (38yo)

3.8yrs

Tenure

US$5,743,899

Compensation

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 ($USD5.74M) is about average for companies of similar size in the US market ($USD6.81M).

Compensation vs Earnings: Conor's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

43yo

Average Age

Experienced Management: KIM's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

9.9yrs

Average Tenure

68yo

Average Age

Experienced Board: KIM's board of directors are considered experienced (9.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$301,29126 Mar 19
David Jamieson
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares16,435
Max PriceUS$18.33
SellUS$67,84622 Mar 19
Frank Lourenso
EntityIndividual
Role
Member of the Board of Directors
Non-Management Director
Shares3,713
Max PriceUS$18.27
BuyUS$74,54420 Dec 18
Philip Coviello
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$14.91

Ownership Breakdown


Management Team

  • Glenn Cohen (55yo)

    Executive VP

    • Tenure: 9.3yrs
    • Compensation: US$2.93m
  • Milton Cooper (90yo)

    Co-Founder & Executive Chairman

    • Tenure: 27.9yrs
    • Compensation: US$3.18m
  • Paul Westbrook

    VP & Chief Accounting Officer

    • Tenure: 7.7yrs
  • Bruce Rubenstein

    Executive VP

    • Tenure: 3.7yrs
  • Conor Flynn (38yo)

    CEO & Director

    • Tenure: 3.8yrs
    • Compensation: US$5.74m
  • David Bujnicki (48yo)

    Senior Vice President of Investor Relations & Strategy

    • Tenure: 0yrs
  • Thomas Taddeo

    Senior VP & Chief Information Officer

    • Tenure: 0yrs
  • Ross Cooper (36yo)

    President & Chief Investment Officer

    • Tenure: 2.7yrs
    • Compensation: US$2.02m
  • David Jamieson (38yo)

    Executive VP & COO

    • Tenure: 2.7yrs
    • Compensation: US$1.99m
  • Kenneth Fisher

    VP & CTO

    • Tenure: 0yrs

Board Members

  • Milton Cooper (90yo)

    Co-Founder & Executive Chairman

    • Tenure: 27.9yrs
    • Compensation: US$3.18m
  • Philip Coviello (76yo)

    Independent Director

    • Tenure: 11.4yrs
    • Compensation: US$295.99k
  • Frank Lourenso (78yo)

    Non-Management Director

    • Tenure: 27.8yrs
    • Compensation: US$270.99k
  • Colombe Nicholas (74yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: US$250.99k
  • Richard Saltzman (62yo)

    Non-Management Director

    • Tenure: 16.3yrs
    • Compensation: US$250.99k
  • Conor Flynn (38yo)

    CEO & Director

    • Tenure: 3.8yrs
    • Compensation: US$5.74m
  • Mary Preusse (50yo)

    Lead Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$270.99k
  • Valerie Richardson (60yo)

    Non-Management Director

    • Tenure: 1.3yrs
    • Compensation: US$222.94k

Company Information

Kimco Realty Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kimco Realty Corporation
  • Ticker: KIM
  • Exchange: NYSE
  • Founded: 1966
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$8.713b
  • Market Cap: US$8.833b
  • Shares outstanding: 423.14m
  • Website: https://www.kimcorealty.com

Number of Employees


Location

  • Kimco Realty Corporation
  • 3333 New Hyde Park Road
  • Suite 100
  • New Hyde Park
  • New York
  • 11042
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KIMNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1991
KICDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1991
0JR1LSE (London Stock Exchange)YesCommon StockGBUSDNov 1991
KIM.PRJNYSE (New York Stock Exchange)DEP 1/1000 PFD JUSUSDJul 2012
KIM.PRLNYSE (New York Stock Exchange)5.125% DEP PFD LUSUSDAug 2017
KIM.PRMNYSE (New York Stock Exchange)5.25% DEP SHS MUSUSDDec 2017

Biography

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shoppin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:37
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.