10Y annualized return is
negative
at -1.7% per year
KIM has met or exceeded earnings expectations in
some
recent quarters (6/10)
Reasonable Price-to-Book Ratio
Strong Gross Profit Margin
Healthy Net Profit Margin
Strong Liquidity Position
🏢 Strong Market Position
🛍️ Well-Curated Tenant Mix
🤝 Strong Management Team
📈 Growth in Mixed-Use Development
💰 Capital Allocation Strategy
High Price-to-Earnings Ratio
Elevated Price-to-Sales Ratio
Low Return on Equity
Moderate Debt Levels
🚧 Tenant Bankruptcies
🕰️ Potential Economic Uncertainty
Overall, Kimco Realty Corporation demonstrates a strong business model with a solid market position and a well-defined strategy for future growth. However, challenges such as tenant bankruptcies and economic uncertainty may impact its short-term prospects. The management's proactive approach to capital allocation and tenant mix provides a favorable outlook for long-term performance.
Analysis Date: February 7, 2025
Last Updated: March 12, 2025
Past performance does not guarantee future results. The data presented is indicative and may not be updated in real-time.
Kimco Realty Corporation is a company that owns and manages shopping centers where people can buy groceries and other goods. They focus on outdoor shopping areas that are easy to access and are often located in busy neighborhoods. Kimco has been in this business for over 60 years, making sure these shopping centers are well-maintained and attractive for both shoppers and businesses. Essentially, they help create spaces where people can shop and enjoy their local community.
Streams of revenue
Geographic Distribution
Estimations for reference only
Core Products
Business Type
Business to Consumer
Competitive Advantages
Key Business Risks
Trailing Twelve Months (TTM) values provide a view of the company's performance over the last year.
Benjamin Graham's value investing approach focuses on finding stocks with a significant margin of safety between their intrinsic value and market price.
Intrinsic Value
Estimated fair value based on Graham's formula
$23.51
Current Market Price: $19.55
IV/P Ratio: 1.20x (>1.0 indicates undervalued)
Margin of Safety
Gap between intrinsic value and market price
17.0%
Graham recommended a minimum of 20-30% margin of safety
Higher values indicate a greater potential discount to fair value
Graham Criteria Checklist
Benjamin Graham's value investing checklist for KIM
Positive earnings (5+ years)
Dividend history (5+ years)
P/E ratio ≤ 20 (31.64)
P/B ratio ≤ 1.5 (1.22)
Current ratio ≥ 2.0 (3.58x)
Long-term debt < Net current assets (11.53x)
Margin of safety (17.0%)
KIM does not meet all Graham criteria
Trailing Twelve Months (TTM) values provide a view of the company's performance over the last year.
Profitability metrics measure a company's ability to generate earnings relative to its revenue, operating costs, and other relevant metrics. Higher values generally indicate better performance.
Return on Equity (ROE)
Measures how efficiently a company uses its equity to generate profits
3.87%
Higher values indicate better returns for shareholders
TTM (as of 2025-04-30)
Gross Profit Margin
Percentage of revenue retained after accounting for cost of goods sold
46.93%
Higher values indicate better efficiency in production
TTM (as of 2025-04-30)
Net Profit Margin
Percentage of revenue retained after accounting for all expenses
20.06%
Higher values indicate better overall profitability
TTM (as of 2025-04-30)
KIM has a gross profit margin of 46.93%, indicating effective cost management and a strong ability to generate profit from sales.
The net profit margin stands at 20.06%, reflecting strong overall profitability after all expenses, taxes, and costs are accounted for.
With a return on equity (ROE) of only 3.87%, the company's ability to generate returns for shareholders is relatively low, which could be a concern for investors.
Financial health metrics assess a company's ability to meet its financial obligations and its overall financial stability.
Debt to Equity Ratio
Total debt divided by total equity
0.80x
Lower values indicate less financial leverage and risk
Less than 1.0 is conservative, 1.0-2.0 is moderate, >2.0 indicates high risk
Q4 2024
Current Ratio
Current assets divided by current liabilities
3.58x
Higher values indicate better short-term liquidity
Less than 1.0 is concerning, 1.0-2.0 is adequate, greater than 2.0 is good
Q4 2024
KIM demonstrates a solid liquidity position with a current ratio of 3.58 and a cash ratio of 2.39, indicating that it has ample short-term assets to cover liabilities.
The debt-to-equity ratio of 0.81 and debt-to-assets ratio of 0.42 denote a moderate level of leverage, indicating that the company is somewhat reliant on debt for financing.
Meeting Expectations
Higher values indicate better execution and credibility
Recent Results
EPS
Revenue
Kimco Realty Corporation benefits from a lack of new supply in the retail sector, with only 0.3% of existing retail stock being new. This has contributed to near-record low vacancy rates and strong fundamental results. The company is strategically positioned in first-ring suburbs, which provide natural barriers to entry for competitors.
The portfolio includes a merchandising mix that focuses on everyday goods and services, including grocery-anchored and mixed-use properties. More than 50% of new lease volume comes from internet-resistant retailers, driving consistent traffic and sales growth.
The recent transition in leadership has brought in experienced members to the board, enhancing the company's strategic direction. The management team is focused on leveraging their expertise to drive company performance.
Recent bankruptcy filings from tenants such as Party City and Joanne's pose risks to revenue, with potential credit loss reserves projected at 75 to 100 basis points. This could impact rent recapture and overall financial stability.
Kimco has achieved its goal of entitling 12,000 apartment units a year ahead of schedule, signaling strong potential for future mixed-use portfolio expansion, which aligns with demographic trends favoring suburban living.
The company is focusing on recycling capital through dispositions of non-core assets and ground leases, which will enhance its investment capacity and support growth. The structured investment program is also expected to generate outsized returns.
The uncertain economic and political environment, along with ongoing tenant bankruptcies, may pose challenges to achieving growth targets for 2025, particularly in same-property NOI growth.
Insider trading data shows purchase and sale activities by company executives and board members.
Insider trading patterns can provide insights into how company executives and board members view the stock's future prospects.
Insiders are buying significantly more than selling (ratio: 3.00x)
Total Bought
Total value of insider purchases in recent quarters
$848360
Higher values indicate stronger insider confidence
Total Sold
Total value of insider sales in recent quarters
$283224
Lower values relative to buying indicate possible undervaluation
Active Insiders
Number of insiders trading in recent quarters
5
Moderate insider activity
Recent Trend
Change in insider trading pattern
KIM: No trend data available
