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KIM-PN

Kimco Realty Corporation

KIM-PN

Kimco Realty Corporation • NYSE
$58.92 ▲ 0.00% (+0.00)
Market Cap $39.95 B
52w High $62.85
52w Low $56.52
Dividend Yield 3.63%
P/E 0
Volume 101
Outstanding Shares 678.04M

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

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last five years, showing that the portfolio is expanding and leasing remains healthy. Core property-level profitability looks solid, with operating earnings moving up alongside revenue, which is what you want to see in a REIT. The weak spot is net income, which has been quite volatile year to year, likely reflecting property sales, valuation swings, and other non-cash or one-time items rather than day‑to‑day weakness in the business. Overall, the top line and operating performance look consistent and improving, even if the headline earnings per share jump around.

Balance Sheet

Balance Sheet The balance sheet has grown meaningfully, with both total assets and shareholders’ equity increasing over time, which points to a larger and more valuable real estate footprint. Debt has also risen, so leverage is higher than it was several years ago, but still appears balanced by a larger equity cushion. Cash on hand is modest relative to total assets, which is normal for a REIT that relies on rents, credit lines, and capital markets rather than large idle cash balances. In general, it looks like a scaled platform with a fairly robust asset base and a manageable, though important-to-watch, debt load.

Cash Flow

Cash Flow Cash generated from operations has been steadily improving, a key strength for any income-focused real estate business. Free cash flow has been consistently positive and trending upward, suggesting the company comfortably covers its regular spending and obligations from internal cash generation. Capital spending has been lumpy in earlier years and lighter more recently, which can reflect timing of development and redevelopment projects rather than a structural change. The cash flow profile overall looks stable and supportive of ongoing property investment and distributions, assuming conditions remain similar.

Competitive Edge

Competitive Edge Kimco operates in necessity-based retail, with a heavy focus on grocery-anchored centers and increasingly on mixed-use properties that combine retail, residential, and other uses. This niche is generally more resilient than discretionary retail, as grocery and daily-needs tenants generate steady traffic and tend to be less exposed to pure e‑commerce substitution. The move into mixed-use and “lifestyle” centers helps deepen the appeal of each site, making them more like community hubs than simple shopping strips, which can support rents and occupancy. Strong ESG credentials and long-standing tenant relationships further reinforce its position versus many smaller, less sophisticated landlords.

Innovation and R&D

Innovation and R&D While Kimco is not an R&D-heavy tech firm, it is clearly leaning into property technology and process innovation. Its automated leasing platform and data-driven tools improve how quickly and efficiently vacant space is marketed and filled, which can directly support occupancy and rental outcomes. The dedicated “Office of Innovation & Transformation” signals that this is an organized, ongoing effort, not a one-off project. Layered on top of that, the push into mixed-use redevelopment and enhanced tenant-support programs shows a willingness to experiment with new formats and services to keep properties relevant as retail evolves.

Summary

Kimco Realty presents as a scaled, necessity-focused retail REIT with steadily improving revenue, solid operating performance, and a generally healthy cash flow profile, offset by somewhat choppy net income due to real estate accounting and transactions. Its balance sheet has grown, with more debt but also more equity and assets, anchoring a broad portfolio of grocery-anchored and mixed-use centers. The company’s strategy leans on locations that serve everyday needs, mixed-use community environments, and a growing use of technology and tenant support, all of which help differentiate it from more traditional landlords. The key areas to watch going forward are execution on redevelopment and mixed-use projects, the management of leverage as the portfolio scales, and continued progress in using technology and data to keep occupancy high and spaces attractive to tenants.