Kimco Realty Earnings: Sets New Occupancy Record for Company While Operating Expenses Decline
Kimco Realty reported funds from operations of $0.47 per share and same-store net operating income growth of 4.9% for the third quarter.
Kimco Realty Corp KIM
Bulls Say, Bears Say
Bulls
Many of Kimco’s in-place leases are significantly below current market rents, providing a potential and notable source of organic growth well into the future.
Bears
Many of Kimco’s in-place leases are subject to renewal options that allow tenants to extend the leases without full renegotiation of rent, preventing the company from realizing often higher current market rents.
News
Trading Information
- Previous Close Price
- $24.52
- Day Range
- $24.52–25.17
- 52-Week Range
- $19.76–26.65
- Bid/Ask
- $24.84 / $25.41
- Shares Outstanding
- 664.49M
- Market Cap
- $16.66B
- Volume/Avg
- 8M / 5M
Key Statistics
- Price/Earnings (Normalized)
- 31.11
- Price/Sales
- 7.52
- Dividend Yield (Trailing)
- 4.32%
- Dividend Yield (Forward)
- 4.57%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 6.18%
Company Profile
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 564 shopping centers throughout major markets in the US, representing roughly 100 million square feet.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Stock Style Box
- Mid Core
- Total Number of Employees
- 710
- Website
- https://www.kimcorealty.com
Competitors
Valuation
|
Metric
|
KIM
|
O
|
FRT
|
|---|---|---|---|
Price/Earnings (Normalized) | 31.11 | 35.62 | 38.14 |
Price/Book Value | 1.60 | 1.36 | 3.08 |
Price/Sales | 7.52 | 8.83 | 7.10 |
Price/Cash Flow | 13.31 | 12.81 | 14.74 |
Price/Earnings
KIM
O
FRT
Financial Strength
|
Metric
|
KIM
|
O
|
FRT
|
|---|---|---|---|
Quick Ratio | 3.80 | 0.42 | 0.99 |
Current Ratio | 3.81 | 0.49 | 0.99 |
Interest Coverage | 2.75 | 2.15 | 3.26 |
Quick Ratio
KIM
O
FRT
Profitability
|
Metric
|
KIM
|
O
|
FRT
|
|---|---|---|---|
Return on Assets (Normalized) | 4.17% | 2.84% | 5.17% |
Return on Equity (Normalized) | 7.97% | 5.31% | 15.02% |
Return on Invested Capital (Normalized) | 6.12% | 4.39% | 7.25% |
Return on Assets
KIM
O
FRT
REIT - Retail Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Simon Property Group Inc
SPG
| LOCK|$XJc>@# | LOCK|Kc | $70B | |||
| Realty Income Corp
O
| LOCK|JG#&LwJ | LOCK|@s | $54B | |||
| Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.
UNBLF
| — | LOCK|<S | $15B | |||
| Unibail-Rodamco-Westfield ADR
URMCY
| — | LOCK|S^b | $15B | |||
| CapitaLand Integrated Commercial Trust
CPAMF
| — | LOCK|Dp | $14B | |||
| Regency Centers Corp
REG
| LOCK|#>#Y#rd | LOCK|!!B | $14B | |||
| Link Real Estate Investment Trust
LKREF
| — | LOCK|w>MYq | $13B | |||
| Federal Realty Investment Trust
FRT
| LOCK|W>>jd<hp | LOCK|<jQ | $9B | |||
| Macerich Co
MAC
| LOCK|sJM<L& | LOCK|@G | $7B |
United States