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Kimco Realty (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The company's portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. 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 60 years. As of September 30, 2023, the company owned interests in 527 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space.
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Kimco Realty Corporation is a US real estate investment trust that owns and operates open-air, grocery-anchored shopping centers across the United States, focusing on neighborhood and community retail. Long-term growth may be supported by demand for essential and grocery-anchored tenants, portfolio redevelopment and densification, capital recycling through joint ventures and leasing-driven rent growth, which could support cash flow stability and dividend sustainability.
Key investment risks include sensitivity to retail tenant health and vacancies, exposure to e-commerce-driven retail disruption, and interest-rate and leverage risk that could pressure earnings and dividend coverage.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 44.30M | 745.13M | 927.87M | 312.01M | 399.35M |
| Minority interest | 11.44M | -5.64M | 2.04M | 2.96M | 100.93M |
| Net income | -12.35M | 844.06M | 1000.83M | 315.32M | 497.80M |
| Selling general administrative | 119.53M | 104.12M | 93.22M | 96.94M | 87.80M |
| Gross profit | 1196.78M | 946.67M | 714.92M | 821.93M | 836.20M |
| Reconciled depreciation | 505.00M | 395.32M | 288.95M | 277.88M | 310.38M |
| Ebit | 565.46M | 424.29M | 332.61M | 477.59M | 444.81M |
| Ebitda | 1106.07M | 862.36M | 625.83M | 736.80M | 755.19M |
| Depreciation and amortization | 540.61M | 438.08M | 293.21M | 259.22M | 310.38M |
| Non operating income net other | -167.45M | 632.92M | 667.32M | 11.81M | 13.04M |
| Operating income | 565.46M | 424.29M | 332.61M | 477.59M | 582.41M |
| Other operating expenses | 1155.44M | 917.35M | 725.14M | 711.77M | 732.99M |
| Interest expense | 226.82M | 204.13M | 186.90M | 177.40M | 183.34M |
| Tax provision | 56.65M | 3.38M | 0.98M | -3.32M | 1.60M |
| Interest income | 542.33M | 301.03M | 598.68M | 177.40M | 183.34M |
| Net interest income | -226.82M | -204.13M | -186.90M | -177.40M | -183.34M |
| Non recurring | 21.96M | 53.79M | 6.62M | 48.74M | 85.46M |
| Income tax expense | 56.65M | 3.38M | 0.98M | -3.32M | 1.60M |
| Total revenue | 1727.68M | 1364.59M | 1057.89M | 1158.88M | 1164.76M |
| Total operating expenses | 624.53M | 499.44M | 382.17M | 374.82M | 404.43M |
| Cost of revenue | 530.91M | 417.91M | 342.97M | 336.95M | 328.56M |
| Total other income expense net | -521.16M | 320.84M | 595.26M | -165.58M | 150.91M |
| Net income from continuing ops | 114.53M | 849.70M | 926.90M | 308.69M | 498.46M |
| Net income applicable to common shares | 98.58M | 815.60M | 975.42M | 339.99M | 429.71M |
| Preferred stock and other adjustments | 25.22M | 25.42M | 25.42M | 70.62M | 58.19M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 17826.12M | 18459.20M | 11614.50M | 10997.87M | 10999.10M |
| Intangible assets | - | - | - | 145.46M | 183.87M |
| Other current assets | - | - | - | 25.49M | 17.20M |
| Total liab | 8086.28M | 8335.54M | 5928.46M | 6051.02M | 5564.36M |
| Total stockholder equity | 9515.51M | 9899.39M | 5608.04M | 4864.89M | 5333.80M |
| Deferred long term liab | 150.36M | 150.06M | 141.57M | 150.33M | 156.16M |
| Other current liab | -202.49M | -214.94M | -141.09M | -43.81M | -44.64M |
| Common stock | 6.18M | 6.17M | 4.33M | 4.32M | 4.21M |
| Capital stock | 6.20M | 6.19M | 4.34M | 4.34M | 4.26M |
| Retained earnings | -119.55M | 299.12M | -162.81M | -904.68M | -787.71M |
| Other liab | 579.55M | 730.69M | 471.00M | 346.18M | 385.33M |
| Other assets | 147.86M | 17010.42M | 10999.69M | 10655.23M | 424.23M |
| Cash | 149.83M | 334.66M | 293.19M | 123.95M | 143.58M |
| Cash and equivalents | 149.83M | 334.66M | 293.19M | 123.95M | 143.58M |
| Total current liabilities | 5.33M | 5.37M | 5.37M | 126.27M | 130.26M |
| Net debt | 7121.74M | 7264.82M | 5158.91M | 5284.53M | 4730.29M |
| Short term debt | 0.00M | 7274.61M | 5044.21M | 4831.76M | 0.00M |
| Short long term debt total | 7271.56M | 7599.48M | 5452.10M | 5408.48M | 4873.87M |
| Other stockholder equity | 9618.27M | 9591.87M | 5766.51M | 5765.23M | 6117.25M |
| Property plant equipment | 15173.56M | 15189.03M | 9351.71M | 9209.05M | 9273.60M |
| Total current assets | 1051.79M | 1801.08M | 1219.39M | 342.64M | 352.86M |
| Long term investments | 1199.13M | 1006.90M | 707.84M | 578.10M | 570.92M |
| Net tangible assets | 9608.42M | 9899.37M | 5623.81M | 4882.81M | 5149.89M |
| Short term investments | 597.73M | 1211.74M | 706.95M | - | 10.30M |
| Net receivables | 304.23M | 254.68M | 219.25M | 218.69M | 198.98M |
| Long term debt | 7157.89M | 7475.70M | 5355.48M | 5315.77M | 4873.87M |
| Accounts payable | 207.81M | 220.31M | 146.46M | 170.08M | 174.90M |
| Noncontrolling interest in consolidated entity | 131.40M | 210.79M | 62.21M | 64.02M | 77.25M |
| Accumulated other comprehensive income | 10.58M | 2.22M | - | - | - |
| Common stock total equity | 6.18M | 6.17M | 4.33M | 4.32M | 4.21M |
| Preferred stock total equity | 0.02M | 0.02M | 0.02M | 0.02M | 0.04M |
| Retained earnings total equity | -119.55M | 299.12M | -162.81M | -904.68M | -787.71M |
| Non currrent assets other | 15441.47M | 15381.75M | 9584.91M | 9783.59M | 9883.20M |
| Non current assets total | 16774.33M | 16658.12M | 10395.11M | 10655.23M | 10646.24M |
| Capital lease obligations | 113.68M | 123.78M | 96.62M | 92.71M | - |
| Long term debt total | 7157.89M | 7475.70M | 5355.48M | 5315.77M | 4873.87M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 229.49M | 7.55M | 191.50M | 3.77M | 20.08M |
| Change to liabilities | 37.66M | -104.71M | 5.58M | -3.61M | -9.18M |
| Total cashflows from investing activities | -63.22M | -476.26M | -33.27M | -120.42M | 253.65M |
| Net borrowings | -375.08M | 251.89M | 20.27M | 438.04M | -404.26M |
| Total cash from financing activities | -982.73M | -101.14M | -387.40M | -482.84M | -986.51M |
| Change to operating activities | -24.21M | 22.35M | -25.75M | -55.41M | -51.22M |
| Net income | 114.53M | 849.70M | 1002.88M | 413.56M | 498.46M |
| Change in cash | -184.83M | 41.48M | 169.24M | -19.63M | -94.93M |
| Begin period cash flow | 334.66M | 293.19M | 123.95M | 143.58M | 238.51M |
| End period cash flow | 149.83M | 334.66M | 293.19M | 123.95M | 143.58M |
| Total cash from operating activities | 861.11M | 618.88M | 589.91M | 583.63M | 637.94M |
| Issuance of capital stock | 15.51M | 82.99M | 0.98M | 204.01M | 33.70M |
| Depreciation | 491.41M | 395.32M | 288.95M | 277.88M | 310.38M |
| Other cashflows from investing activities | -279.33M | -416.72M | -187.49M | 7.46M | 770.95M |
| Dividends paid | -544.74M | -382.13M | -379.87M | -531.57M | 529.76M |
| Change to inventory | - | - | - | - | -13.59M |
| Change to account receivables | -9.10M | -18.08M | -0.56M | -34.16M | 5.23M |
| Sale purchase of stock | -3.44M | 500.00M | 1490.00M | -575.00M | -75.13M |
| Other cashflows from financing activities | 1166.73M | -62.09M | -54.35M | 438.46M | 117.62M |
| Change to netincome | 313.25M | -525.70M | -681.18M | 48.74M | -115.74M |
| Capital expenditures | 17.43M | 216.81M | 227.22M | 128.19M | 230.22M |
| Change receivables | -9.10M | -18.08M | -0.56M | 34.16M | 5.23M |
| Cash flows other operating | -24.21M | 22.35M | -25.75M | 55.41M | -51.22M |
| Cash and cash equivalents changes | -184.83M | 41.48M | 169.24M | -19.63M | -94.93M |
| Change in working capital | 4.34M | -100.44M | -20.74M | -93.18M | -55.17M |
| Stock based compensation | 26.64M | 23.15M | 23.68M | 20.20M | 18.22M |
| Other non cash items | 224.19M | -548.85M | -704.87M | -34.84M | -134.77M |
| Free cash flow | 861.11M | 402.06M | 362.69M | 455.43M | 868.16M |
Sector: Real Estate Industry: REIT - Retail
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| KIM Kimco Realty Corporation |
0.27 1.04% |
25.79 | 30.65 | 29.76 | 7.61 | 1.41 | 11.27 | 15.81 |
| O Realty Income Corporation |
0.51 0.86% |
59.55 | 43.17 | 35.34 | 9.16 | 1.42 | 14.52 | 16.99 |
| SPG Simon Property Group Inc |
3.58 1.57% |
232.00 | 21.31 | 24.69 | 9.77 | 16.15 | 12.96 | 14.98 |
| SPG-PJ Simon Property Group Inc |
- -% |
53.00 | - | - | 7.12 | - | - | - |
| CPAMF CapitaLand Integrated Commercial Trust |
- -% |
1.62 | 14.31 | 19.19 | 8.74 | 1.09 | 16.62 | 18.41 |
Kimco Realty (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The company's portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. 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 60 years. As of September 30, 2023, the company owned interests in 527 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space.
| Name | Title | Year Born |
|---|---|---|
| Mr. Milton Cooper | Co-Founder & Exec. Chairman | 1929 |
| Mr. Conor C. Flynn | CEO & Director | 1981 |
| Mr. Ross Cooper | Pres & Chief Investment Officer | 1983 |
| Mr. Glenn Gary Cohen CPA | Exec. VP, CFO & Treasurer | 1964 |
| Mr. David Jamieson | Exec. VP & COO | 1981 |
| Mr. Paul Westbrook | VP & Chief Accounting Officer | NA |
| Mr. Kenneth Fisher | VP & CTO | NA |
| Mr. Thomas R. Taddeo | Exec. VP & Chief Information Officer | NA |
| Mr. David F. Bujnicki | Sr. VP of Investor Relations & Strategy | 1972 |
| Mr. Bruce M. Rubenstein | Exec. VP, Gen. Counsel & Sec. | NA |
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