Skip to Content

Kimco Realty Corp KIM

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Kimco Reports Q1 Results Ahead of Our Expectations; On Track to Merge With Weingarten in 2021

Kevin Brown Equity Analyst

Analyst Note

| Kevin Brown |

Despite continuing to feel the lingering effects of the pandemic, Kimco Realty produced better results in the first quarter than we had expected. Still, we don't see anything that would materially change our $18 per share fair value estimate for the no-moat company. Same-store occupancy fell 40 basis points sequentially to 93.5%, which was in line with our expectations. However, re-leasing spreads continue to hold up well despite many retailers struggling as Kimco was able to initiate new rent terms that were 7.1% higher than expiring rent, well above our estimate of a 1.9% spread.

Read Full Analysis

Company Profile

Business Description

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 399 shopping centers throughout major markets in the U.S., representing roughly 56 million square feet.

500 North Broadway, Suite 201
Jericho, NY, 11753
T +1 516 869-9000
Sector Real Estate
Industry REIT - Retail
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2020
Stock Type Hard Assets
Employees 484