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KIM

Kimco Realty Corporation

KIM

Kimco Realty Corporation • NYSE
$20.66 ▲ 0.22% (+0.04)
Market Cap $13.99 B
52w High $25.83
52w Low $17.93
Dividend Yield 1.00%
P/E 24.9
Volume 1.76M
Outstanding Shares 677.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $535.861M ▲ $184.65M ▲ $137.135M ▼ 25.592% ▼ $0.2 ▼ $460.78M ▲
Q2-2025 $525.175M ▼ $157.493M ▼ $162.986M ▲ 31.035% ▲ $0.23 ▲ $323.528M ▼
Q4-2024 $536.624M ▲ $192.492M ▲ $132.817M ▼ 24.75% ▼ $0.18 ▼ $350.413M ▲
Q4-2024 $525.397M ▲ $190.901M ▲ $166.038M ▲ 31.602% ▲ $0.22 ▲ $340.108M ▲
Q3-2024 $507.632M $178.362M $135.983M 26.788% $0.19 $338.261M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $159.339M ▼ $19.88B ▲ $9.195B ▲ $10.486B ▼
Q2-2025 $226.553M ▲ $19.797B ▲ $9.079B ▲ $10.521B ▼
Q4-2024 $131.271M ▼ $19.731B ▼ $8.951B ▼ $10.588B ▼
Q4-2024 $690.912M ▼ $20.31B ▲ $9.464B ▲ $10.653B ▲
Q3-2024 $791.306M $20.129B $9.386B $10.523B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-298.688M ▼ $332.428M ▲ $-257.011M ▼ $-142.762M ▼ $-67.345M ▼ $238.672M ▲
Q2-2025 $164.942M ▲ $305.403M ▲ $-101.521M ▲ $-108.559M ▲ $95.323M ▲ $219.31M ▼
Q4-2024 $134.503M ▼ $223.813M ▼ $-130.554M ▲ $-650.487M ▼ $-557.228M ▼ $223.813M ▼
Q4-2024 $167.999M ▲ $239.541M ▼ $-226.686M ▼ $-113.168M ▼ $-100.313M ▼ $239.541M ▲
Q3-2024 $138.426M $295.93M $-81.323M $447.882M $662.489M $211.083M

Revenue by Products

Product Q2-2018Q3-2018Q4-2018Q1-2019
Management and Other Fee Incomes
Management and Other Fee Incomes
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Rental Property Income
Other Rental Property Income
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲
Reimbursement Income
Reimbursement Income
 $60.00M ▲$60.00M ▲$60.00M ▲$0 ▼
Revenues from Rental Properties
Revenues from Rental Properties
 $220.00M ▲$220.00M ▲$210.00M ▼$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Kimco’s income statement shows a business that has grown steadily while keeping its core profitability intact. Rental revenue has moved up each year, which suggests better occupancy, rent growth, or added properties. Operating profit has stayed fairly consistent as a share of revenue, indicating management has generally controlled property and overhead costs even as the company scaled. Net income, however, is choppy. It was very strong during and just after the pandemic, then dropped sharply, and has more recently landed in a more modest range. For a REIT, this often reflects one‑time gains and losses from property sales, mergers, and valuation changes rather than dramatic shifts in underlying property performance. In simple terms: the day‑to‑day earnings power from owning and leasing centers appears steadier than the headline net income swings might suggest, but investors should be aware that reported earnings can be volatile. Overall, the trend points to a larger, more productive portfolio with stable operating margins but noisy bottom‑line results, which is typical for a public real estate owner.

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown its real estate footprint while taking on more debt and building its equity base. Total assets have expanded meaningfully over the period, driven largely by property acquisitions and development. Shareholders’ equity has risen as well, signaling that part of this growth has been funded by retained value and equity capital, not just borrowing. Debt has increased in absolute terms, reflecting a more levered, larger platform. This is normal for a REIT, but it does make the company more sensitive to interest rates and refinancing conditions. Cash on hand is modest relative to total assets, again typical for a property REIT that prefers to keep capital invested rather than idle. In plain language, Kimco now controls a bigger and more diversified property base, supported by a mix of equity and substantial, but not extreme, leverage. The key watch points are how it manages debt costs and balance‑sheet flexibility as rates and market conditions evolve.

Cash Flow

Cash Flow Kimco’s cash flow profile looks like that of a mature, cash‑generating landlord. Cash generated from operations has trended up over the past five years, in line with the company’s growth and improving rental base. This indicates that the properties are reliably throwing off cash after day‑to‑day expenses. Free cash flow has also improved, helped by relatively contained capital spending in recent years. That suggests the existing portfolio is not excessively cash‑hungry to maintain and that the company has room to fund dividends, interest, and selective investments from recurring cash flow. The main sensitivities are macro‑driven: higher interest costs, occupancy changes, or weaker rent growth could gradually pressure cash generation. But as of the recent period, the cash flow picture supports the idea of a stable, income‑oriented REIT with room to reinvest in its portfolio and strategy.

Competitive Edge

Competitive Edge Kimco’s competitive position rests on a clear focus: grocery‑anchored and necessity‑based shopping centers in strong suburban markets. These centers tend to see steady foot traffic because people visit regularly for food, everyday goods, and services that are harder to replace with online shopping. That gives Kimco a measure of resilience compared with more discretionary or fashion‑heavy retail formats. The portfolio is concentrated in dense, affluent, and often supply‑constrained areas—especially first‑ring suburbs in coastal and Sun Belt markets. These locations are attractive to national and regional tenants and help support high occupancy and pricing power over time. Kimco has also used acquisitions, such as the RPT Realty deal, to deepen its presence in key regions and reinforce its scale advantage with tenants and service providers. On the risk side, the company is still tied to the health of brick‑and‑mortar retail and local economies. Tenant distress, shifts in consumer behavior, or prolonged weakness in certain categories could pressure rents and occupancy. Nonetheless, the emphasis on grocery, services, and daily‑needs retail provides a defensive tilt relative to many other retail real estate formats.

Innovation and R&D

Innovation and R&D For a real estate company, Kimco is relatively advanced in how it uses technology and property innovation to support growth. Operationally, it has built digital tools to make leasing faster and more data‑driven, such as automated property web pages with detailed information, virtual tours, and analytics. This helps attract and qualify tenants more efficiently and can reduce administrative costs. The use of AI and data analytics in leasing and expense recovery is still early but points toward a culture that is open to process improvement rather than relying solely on traditional methods. On the real estate side, Kimco is pushing beyond basic strip centers into mixed‑use and “lifestyle” environments that combine retail with residential, offices, entertainment, and hospitality. Initiatives like the Signature Series® and the expansion of apartments on underused parking areas are aimed at creating denser, more vibrant communities that can support higher long‑term value per site. Programs like Curbside Pick-up® and a tilt toward service‑oriented tenants show it is responding to omnichannel retail and changing consumer habits. Its ESG commitments, including long‑term emissions goals, may also matter for certain tenants, municipalities, and capital providers. Overall, Kimco’s “R&D” is less about laboratories and more about rethinking how its centers are designed, leased, and managed using technology, mixed‑use development, and sustainability frameworks.

Summary

Putting it all together, Kimco is a scaled retail REIT whose core business—owning and operating grocery‑anchored and necessity‑based centers—has grown and remained fundamentally sound over the past five years. Revenue and operating profit have trended upward, and cash flow from operations covers the company’s needs with room for distributions and reinvestment, even though reported net income moves around due to real estate accounting and transactions. The balance sheet reflects a much larger asset base funded by both equity and higher debt. Leverage is meaningful but broadly in line with what is common in the sector, making interest rates and credit markets important variables to watch. Strategically, Kimco’s strengths include its focus on durable, daily‑needs retail in strong suburban markets, its scale and tenant relationships, and its growing push into mixed‑use, residential, and technology‑enabled operations. Its main uncertainties lie in the broader retail and economic cycle, interest‑rate trends, and execution risk on development and redevelopment projects. In accessible terms: Kimco looks like a mature, income‑focused property platform that has leaned into necessity retail, geographic quality, and incremental innovation to support long‑term relevance, while carrying the usual real‑estate risks tied to leverage, development, and the health of its tenants and consumers.

NEWS

November 3, 2025 · 8:28 PM UTC

Kimco Realty® Announces $750 Million ATM Equity Offering Program and $750 Million Stock Repurchase Program

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October 30, 2025 · 6:50 AM UTC

Kimco Realty® Announces Third Quarter 2025 Results

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September 18, 2025 · 6:50 AM UTC

Kimco Realty® Invites You to Join Its Third Quarter Earnings Conference Call

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September 15, 2025 · 5:15 PM UTC

Kimco Realty® Achieves ‘A-' Credit Rating from S&P Global

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September 4, 2025 · 6:50 AM UTC

Kimco Realty® Management to Present at the BofA Securities 2025 Global Real Estate Conference

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