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 slightly overvalued.


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

-0.1%

NYSE:KIM

1.3%

US REITs

0.8%

US Market


1 Year Return

21.3%

NYSE:KIM

12.8%

US REITs

1.9%

US Market

KIM outperformed the REITs industry which returned 12.8% over the past year.

KIM outperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

KIMIndustryMarket
7 Day-0.1%1.3%0.8%
30 Day6.6%1.8%3.4%
90 Day5.4%1.9%2.1%
1 Year29.6%21.3%17.9%12.8%4.2%1.9%
3 Year-17.8%-31.2%30.5%13.5%46.7%37.2%
5 Year18.6%-8.0%71.6%35.4%62.3%44.5%

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 based on future cash flows and its price relative to the stock market?

7%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Kimco Realty's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Kimco Realty's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Kimco Realty is good value based on earnings compared to the US REITs industry average.

Kimco Realty is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Kimco Realty earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Kimco Realty is good value based on assets compared to the US REITs industry average.


Next Steps

Future Growth

How is Kimco Realty expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Kimco Realty's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).

Kimco Realty's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Kimco Realty's revenue growth is positive but not above the United States of America market average.

Kimco Realty's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Kimco Realty's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Kimco Realty is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Kimco Realty's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Kimco Realty's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Kimco Realty's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.


Return on Equity

Kimco Realty has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Kimco Realty used its assets more efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

Kimco Realty has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Kimco Realty's financial position?


Financial Position Analysis

Kimco Realty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Kimco Realty's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Kimco Realty's level of debt (91%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (97.7% vs 91% today).

Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

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

5.64%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Kimco Realty before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Kimco Realty's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Kimco Realty's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (588.2x coverage).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Conor Flynn (38yo)

3.7yrs

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

Conor's remuneration is about average for companies of similar size in United States of America.

Conor's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

43yo

Average Age

The tenure for the Kimco Realty management team is about average.


Board Age and Tenure

9.8yrs

Average Tenure

68yo

Average Age

The tenure for the Kimco Realty board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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: 27.8yrs
    • Compensation: US$3.18m
  • Paul Westbrook

    VP & Chief Accounting Officer

    • Tenure: 7.6yrs
  • Bruce Rubenstein

    Executive VP

    • Tenure: 3.6yrs
  • Conor Flynn (38yo)

    CEO & Director

    • Tenure: 3.7yrs
    • 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: 2.6yrs
    • Compensation: US$2.02m
  • David Jamieson (38yo)

    Executive VP & COO

    • Tenure: 2.6yrs
    • Compensation: US$1.99m
  • Kenneth Fisher

    VP & CTO

    • Tenure: 0yrs

Board Members

  • Milton Cooper (90yo)

    Co-Founder & Executive Chairman

    • Tenure: 27.8yrs
    • Compensation: US$3.18m
  • Philip Coviello (76yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$295.99k
  • Frank Lourenso (78yo)

    Non-Management Director

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

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$250.99k
  • Richard Saltzman (62yo)

    Non-Management Director

    • Tenure: 16.2yrs
    • Compensation: US$250.99k
  • Conor Flynn (38yo)

    CEO & Director

    • Tenure: 3.7yrs
    • Compensation: US$5.74m
  • Mary Preusse (50yo)

    Non-Management Director

    • Tenure: 2.6yrs
    • 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$8.494b
  • Market Cap: US$8.514b
  • Shares outstanding: 423.02m
  • 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 Analysis2019/09/18 23:38
End of Day Share Price2019/09/18 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.