Kimco Realty Corp KIM

Morningstar Rating
$26.10 +0.07 (0.27%)
View Full Chart

Company Report

Quality Shopping Centers Should Produce Solid Same-Store NOI Growth for Kimco Realty

Retail real estate investment trust Kimco Realty owns and operates a geographically diversified portfolio of quality shopping centers. Its retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. The company has transformed dramatically, having sold over 400 properties for more than $6 billion since 2010, which has significantly improved the portfolio's quality. Currently, Kimco derives more than 80% of its annual base rent from major metropolitan markets. Management continues to strategically sell lower-quality assets and reinvest the proceeds in high-yielding development and redevelopment projects.

Price vs Fair Value

KIM is trading at a LOCK|sX$RC& premium.
Price
$26.12
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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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.

Trading Information

Previous Close Price
$26.03
Day Range
$25.8626.19
52-Week Range
$19.7626.45
Bid/Ask
$25.82 / $26.12
Shares Outstanding
674.39M
Market Cap
$17.60B
Volume/Avg
3M / 5M

Key Statistics

Price/Earnings (Normalized)
34.50
Price/Sales
8.12
Dividend Yield (Trailing)
3.96%
Dividend Yield (Forward)
4.00%
Total Yield
4.64%

Company Profile

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 565 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

Competitors

Valuation

Metric
KIM
O
FRT
Price/Earnings (Normalized)
34.6242.5543.86
Price/Book Value
1.701.573.45
Price/Sales
8.1510.268.33
Price/Cash Flow
15.2915.0817.37
Price/Earnings
KIM
O
FRT

Financial Strength

Metric
KIM
O
FRT
Quick Ratio
3.771.551.03
Current Ratio
3.781.661.03
Interest Coverage
2.552.063.71
Quick Ratio
KIM
O
FRT

Profitability

Metric
KIM
O
FRT
Return on Assets (Normalized)
3.45%2.73%6.04%
Return on Equity (Normalized)
6.51%5.02%17.38%
Return on Invested Capital (Normalized)
5.36%4.32%8.25%
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
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Realty Income Corp
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LOCK|LP?!#@$jLOCK|WYP$61B
Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.
UNBLF
LOCK|>%K$17B
Unibail-Rodamco-Westfield ADR
URMCY
LOCK|%hT$17B
Regency Centers Corp
REG
LOCK|?Yk#<^LOCK|dF$15B
CapitaLand Integrated Commercial Trust
CPAMF
LOCK|?$crh$15B
Scentre Group
STGPF
LOCK|z##k$14B
Federal Realty Investment Trust
FRT
LOCK|<qfQzS!%LOCK|>!$$11B
Macerich Co
MAC
LOCK|gd@>ZQ@LOCK|s$$7B

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