Kimco Realty
Market Cap
US$8.0b
Last Updated
2021/02/25 00:21 UTC
Data Sources
Company Financials +
Executive Summary
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 33.4% per year for the next 3 years
Snowflake Analysis
Good value with acceptable track record.
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
Stable Share Price: KIM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: KIM's weekly volatility has decreased from 11% to 5% over the past year.
Market Performance
7 Day Return
7.5%
KIM
2.4%
US REITs
-1.4%
US Market
1 Year Return
4.8%
KIM
-4.7%
US REITs
37.1%
US Market
Return vs Industry: KIM exceeded the US REITs industry which returned -6.2% over the past year.
Return vs Market: KIM underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| KIM | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.5% | 2.4% | -1.4% |
| 30 Day | 12.4% | 5.2% | 1.6% |
| 90 Day | 25.4% | 6.5% | 7.3% |
| 1 Year | 9.9%4.8% | -0.2%-4.7% | 40.2%37.1% |
| 3 Year | 52.9%28.0% | 39.8%22.8% | 62.5%52.1% |
| 5 Year | -8.7%-30.4% | 51.2%20.6% | 133.9%108.0% |
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
2 weeks ago | Simply Wall St
Does Kimco Realty (NYSE:KIM) Deserve A Spot On Your Watchlist?1 month ago | Simply Wall St
Need To Know: Kimco Realty Corporation (NYSE:KIM) Insiders Have Been Buying SharesValuation
Is Kimco Realty undervalued compared to its fair value and its price relative to the market?
13.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KIM ($19.15) is trading below our estimate of fair value ($22.18)
Significantly Below Fair Value: 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 (9.4x) compared to the US REITs industry average (43.4x).
PE vs Market: KIM is good value based on its PE Ratio (9.4x) compared to the US market (21.5x).
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 (1.5x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Kimco Realty forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-33.4%
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 (-33.4% per year).
Earnings vs Market: KIM's earnings are forecast to decline over the next 3 years (-33.4% per year).
High Growth Earnings: KIM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KIM's revenue (2.5% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: KIM's revenue (2.5% 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 (5.7%).
Next Steps
Past Performance
How has Kimco Realty performed over the past 5 years?
-1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KIM has a large one-off gain of $777.9M impacting its December 31 2020 financial results.
Growing Profit Margin: KIM's current net profit margins (82%) are higher than last year (27.2%).
Past Earnings Growth Analysis
Earnings Trend: KIM's earnings have declined by 1% per year over the past 5 years.
Accelerating Growth: KIM's earnings growth over the past year (175.4%) exceeds its 5-year average (-1% per year).
Earnings vs Industry: KIM earnings growth over the past year (175.4%) exceeded the REITs industry -5.6%.
Return on Equity
High ROE: KIM's Return on Equity (17.6%) is considered low.
Next Steps
Financial Health
How is Kimco Realty's financial position?
Financial Position Analysis
Short Term Liabilities: KIM's short term assets ($512.4M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: KIM's short term assets ($512.4M) do not cover its long term liabilities ($5.9B).
Debt to Equity History and Analysis
Debt Level: KIM's debt to equity ratio (94%) is considered high.
Reducing Debt: KIM's debt to equity ratio has reduced from 101.9% to 94% over the past 5 years.
Debt Coverage: KIM's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: KIM's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Kimco Realty current dividend yield, its reliability and sustainability?
3.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KIM's dividend (3.55%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: KIM's dividend (3.55%) is low compared to the top 25% of dividend payers in the US market (3.75%).
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: At its current payout ratio (86.3%), KIM's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KIM's dividends in 3 years are forecast to be well covered by earnings (37.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Conor Flynn (39 yo)
5.08yrs
Tenure
US$6,948,567
Compensation
Mr. Conor C. Flynn has been the Chief Executive Officer at Kimco Realty Corporation since January 01, 2016 and served as its President from August 05, 2014 to February 27, 2017. Mr. Flynn joined the firm a...
CEO Compensation Analysis
Compensation vs Market: Conor's total compensation ($USD6.95M) is about average for companies of similar size in the US market ($USD6.21M).
Compensation vs Earnings: Conor's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 29.25yrs | US$3.81m | 2.47% $ 198.8m | |
| CEO & Director | 5.08yrs | US$6.95m | 0.18% $ 14.5m | |
| President & Chief Investment Officer | 4yrs | US$3.52m | 0.073% $ 5.8m | |
| Executive VP | 10.67yrs | US$3.48m | 0.099% $ 8.0m | |
| Executive VP & COO | 4yrs | US$3.50m | 0.049% $ 4.0m | |
| VP & Chief Accounting Officer | 9yrs | no data | 0.017% $ 1.3m | |
| VP & CTO | no data | no data | no data | |
| Senior VP & Chief Information Officer | no data | no data | no data | |
| Senior Vice President of Investor Relations & Strategy | no data | no data | no data | |
| Executive VP | 5yrs | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Executive Vice President of Retailer Services | 4.5yrs | US$506.11k | no data |
5.0yrs
Average Tenure
48yo
Average Age
Experienced Management: KIM's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 29.25yrs | US$3.81m | 2.47% $ 198.8m | |
| CEO & Director | 5.08yrs | US$6.95m | 0.18% $ 14.5m | |
| Independent Non-Management Director | 12.75yrs | US$296.00k | 0.049% $ 3.9m | |
| Independent Non-Management Director | 29.17yrs | US$283.50k | 0.053% $ 4.2m | |
| Independent Non-Management Director | 9.75yrs | US$251.00k | 0.019% $ 1.5m | |
| Independent Non-Management Director | 17.58yrs | US$261.00k | 0.022% $ 1.8m | |
| Director | 0.083yr | no data | 0.0023% $ 182.4k | |
| Lead Independent Non-Management Director | 2.08yrs | US$281.00k | 0.011% $ 890.5k | |
| Independent Non-Management Director | 2.67yrs | US$271.00k | 0.0092% $ 741.8k |
9.8yrs
Average Tenure
69yo
Average Age
Experienced Board: KIM's board of directors are considered experienced (9.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$8.037b
- Market Cap: US$8.283b
- Shares outstanding: 433.25m
- Website: https://www.kimcorealty.com
Number of Employees
Location
- Kimco Realty Corporation
- 500 North Broadway
- Suite 201
- Jericho
- New York
- 11753
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KIM | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 1991 |
| KIC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1991 |
| 0JR1 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Nov 1991 |
| KIM.PRL | NYSE (New York Stock Exchange) | 5.125% DEP PFD L | US | USD | Aug 2017 | |
| KIM.PRM | NYSE (New York Stock Exchange) | 5.25% DEP SHS M | US | USD | Dec 2017 | |
| K1IM34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Biography
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 | 2021/02/25 00:21 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.