Kimco Realty CorporationKIM
NYSE•Real Estate•REIT - Retail
Kimco Realty Corporation is a real estate investment trust 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 December 31, 2025, 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.
Kimco Realty Corporation (HC) (KIM) reported trailing twelve months revenue of $2.16B as of March 2026, a 4.4% increase year-over-year. Quarterly revenue reached $558.02M, reflecting continued top-line momentum.
Kimco Realty Corporation (HC) generated $616.82M in TTM net income, with quarterly EBITDA of $364.27M. The operating margin expanded from 33.6% to 37.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (37.2%) and net margin (29.6%) indicates moderate non-operating costs. Net margin has improved from 24.8% a year ago, signaling stronger bottom-line efficiency.
KIM trades at a P/E of 24.3x (in line with broad market averages) and a P/S of 6.9x. The price-to-book ratio of 1.4x reflects a moderate premium to book value.
The company generated $242.99M in free cash flow over the trailing twelve months, a 18.3% increase year-over-year, indicating cash generation ability. The balance sheet shows $19.59B in total assets with no in long-term debt against $10.39B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~34.9%, suggesting durable pricing power and cost discipline.
ROE is positive at ~4.9% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~13.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~36.9% — no sign of cost or pricing stress.
FCF covers net income by 1.9x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation