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Kimco Realty Corporation (HC) (KIM) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Real Estate•REIT - Retail
B
GoodMetricSide Score: 74/100
ProfitabilityProfit25/30
GrowthGrowth20/25
Balance SheetBalance9/25
Cash QualityCash20/20
Price & Volume
Market Cap $17.01B

Kimco Realty Corporation is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company's portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of March 31, 2026, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space. Kimco Realty Corporation was incorporated in 1958 in Maryland and is based in Jericho, New York.

Moat Signals

Competitive analysis based on 65 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~34.9%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

ROE is positive at ~4.9% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~13.7% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 65 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~36.9% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.9x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.16B
4.4%
Q. Revenue
$558.02M
TTM EBITDA
$1.42B
10.6%
TTM Op. Income
$798.11M
17.6%
Q. Op. Income
$207.77M
TTM Net Income
$616.82M
11.2%
Q. Net Income
$164.90M
EPS
N/A
Shares Out.
$671.83M
0.8%
$2.16B in TTM revenue grew 4.4% YoY, reaching $558.02M last quarter. TTM EBITDA of $1.42B and TTM operating income of $798.11M shows growth is flowing through. Net income of $616.82M TTM confirms the company is converting revenue into profit. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
65.3%
Op. Margin
37.2%
10.7%
Net Margin
29.6%
19.4%
Op. margin of 37.2% is up 3.6% YoY — cost efficiency is improving. Net margin at 29.6%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
27.6x
P/S Ratio
7.9x
P/B Ratio
1.6x
At 27.6x P/E, the stock trades in line with market averages — fairly valued. P/S of 7.9x and P/B of 1.6x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$19.59B
Cash
$168.44M
Long-Term Debt
N/A
Book Value
$10.39B
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$242.99M
Free Cash Flow
$242.99M
18.3%
FCF Margin
11.2%
FCF / Net Income
1.5
FCF of $242.99M on $242.99M in operating cash flow. The FCF / Net Income ratio of 0.4x indicates partial cash conversion — earnings quality needs attention.

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