KIMKimco Realty

Real estate · REIT · NYSE

The Company is the leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. 10-K, Item 1

Headquarters: Jericho, NY
CEO: Conor Flynn
Next results: around Feb 11, 2027

Compare with peers → Embed

All key numbers (34, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	-	Sales (ttm)	2.2B	Net income (ttm)	607.1M	Sales growth	+5.1%	EPS growth	-	Sales Q/Q	+4.9%
Free cash flow	1.2B	Gross margin	-	Oper. margin	36.0%	Net margin	27.8%	FCF margin	53.1%	ROE	5.9%
ROA	3.0%	R&D / sales	-	Dividend	1.01	Debt/Eq	0.75	Curr. ratio	-	Cash	699.2M
Op. cash flow (ttm)	1.2B	EBITDA	1.4B	EBITDA margin	65.3%	Net debt	7.0B	Interest cover	2.33	ROIC	4.3%
Tax rate	0.2%	Stock pay / sales	1.6%	Shares out.	670.8M	Shares Y/Y	+0.5%	Book / share	15.30	Cash / share	1.04
Sales / share	3.26	Asset turnover	0.11	Sales 3Y CAGR	+7.4%	Sales 5Y CAGR	+15.1%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Revenue growth slowed to +5.1%+14.2% → +5.1% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
Operating margin widened to 36.0%30.9% → 36.0% · Operating income / revenue · 10-K ↗

What management wrote about it → · Every company →

KIM against Real estate peers

Ten years, side by side → · All 30 →

KIMPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 30 companies, the better end on the right. Hover a dot for the company.

Sales growth

+5.1%16th of 29 · median +5.1%

Net margin

27.8%12th of 29 · median 21.7%

Return on equity

5.9%18th of 27 · median 7.8%

Free cash flow margin

53.1%1st of 12 · median 24.1%

Debt / equity (less is better)

0.7510th of 24 · median 0.84

KIM and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
KIM Kimco Realty	$2.2B	+5.1%	-	27.8%	5.9%	53.1%	0.75
ARE Alexandria Real Estate Equities	$2.8B	-2.9%	-	-51.8%	-9.7%	-	0.87
MAA Mid-America Apartment Communities	$2.2B	+0.8%	-	17.6%	7.0%	-	-
ESS Essex Property Trust	$1.9B	+6.4%	70.1%	21.5%	7.8%	-	1.20
UDR UDR, Inc.	$1.7B	+2.4%	-	40.8%	22.3%	-	1.84
REG Regency Centers	$1.6B	+6.9%	-	34.5%	7.9%	-	0.73

Profitability

2 of 3

✓
Net margin above the peer median27.8% vs 21.7%
!
Return on equity below 15%5.9%
✓
A profit in every one of 10 years

Net margin, FY2016 to FY2025: 32.4% → 27.3%

Balance sheet

1 of 3

!
Interest covered less than 5 timesOperating income is 2.3× interest expense
✓
Debt smaller than equityDebt / equity 0.75 on the latest balance sheet (peer median 0.84)
!
Net debt over 3 years of free cash flow$7.0B net debt, 6.0 years

Debt / equity at each year end, FY2016 to FY2025: 0.75 → 0.74

Cash and shareholders

2 of 3

!
Share count up over 5 years+56.4%
✓
Dividend per share up over 5 years$0.54 → $1.01
✓
Cash from operations above net income$1.1B vs $584.7M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2016 to FY2025

Revenue 2.1B Net income 584.7M

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

KIM's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue2.1B

Net income584.7M

EPS (diluted)1.02

Dividend per share1.01

Diluted shares675.3M

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1.2B	1.2B	1.2B	1.2B	1.1B	1.4B	1.7B	1.8B	2.0B	2.1B
SG&A	86.8M	91.7M	87.8M	96.9M	93.2M	104.1M	119.5M	136.8M	138.1M	133.0M
Operating income	393.6M	431.0M	582.4M	477.6M	332.6M	424.3M	565.5M	638.8M	629.1M	770.8M
Interest expense	192.5M	192.0M	183.3M	177.4M	186.9M	204.1M	226.8M	250.2M	307.8M	330.2M
Pretax income	160.8M	239.9M	399.3M	312.0M	927.9M	745.1M	44.3M	643.9M	351.2M	493.6M
Income tax	78.6M	-880K	1.6M	-3.3M	978K	3.4M	56.7M	61.0M	25.4M	1.0M
Net income	378.9M	426.1M	497.8M	410.6M	1.0B	844.1M	126.0M	654.3M	410.8M	584.7M
EPS (diluted)	0.79	0.87	1.02	-	-	-	-	-	-	-
Diluted shares	419.7M	424.0M	421.4M	421.8M	431.6M	511.4M	617.9M	618.2M	672.1M	675.3M
Depreciation & amortization	355.3M	360.8M	310.4M	277.9M	289.0M	395.3M	505.0M	507.3M	603.7M	627.1M
EBITDA	749.0M	791.8M	892.8M	755.5M	621.6M	819.6M	1.1B	1.1B	1.2B	1.4B
Operating margin	33.6%	35.9%	50.0%	41.2%	31.4%	31.1%	32.7%	35.8%	30.9%	36.0%
Net margin	32.4%	35.5%	42.7%	35.4%	94.6%	61.9%	7.3%	36.7%	20.2%	27.3%
Revenue growth	-	+2.6%	-3.0%	-0.5%	-8.7%	+29.0%	+26.6%	+3.2%	+14.2%	+5.1%
EPS growth	-	+10.1%	+17.2%	-	-	-	-	-	-	-

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	142.5M	238.5M	143.6M	123.9M	293.0M	325.6M	147.0M	780.5M	688.6M	211.6M
Total assets	11.2B	11.8B	11.0B	11.0B	11.6B	18.5B	17.8B	18.3B	20.3B	19.7B
Total debt	3.9B	4.6B	4.4B	4.8B	5.0B	7.0B	6.8B	7.3B	8.0B	7.7B
Total liabilities	5.7B	6.2B	5.6B	6.1B	5.9B	8.3B	8.1B	8.5B	9.5B	9.1B
Shareholders' equity	5.3B	5.4B	5.3B	4.9B	5.6B	9.9B	9.5B	9.5B	10.7B	10.4B
Retained earnings	-	-	-	-	-	299.1M	-119.5M	-122.6M	-398.8M	-528.7M

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	592.1M	614.2M	637.9M	583.6M	589.9M	618.9M	861.1M	1.1B	1.0B	1.1B
Capital spending	-	-	-	-	-	-	-	-	-	18.4M
Free cash flow	-	-	-	-	-	-	-	-	-	1.1B
Stock-based pay (added back)	19.1M	21.6M	18.2M	20.2M	23.7M	23.1M	26.6M	33.1M	34.9M	33.2M
Dividends paid	471.9M	503.8M	526.9M	528.6M	377.7M	380.3M	542.3M	654.4M	682.8M	711.7M
Buybacks	-	0	75.1M	0	0	-	-	0	0	120.3M
Acquisitions	255.9M	325.2M	-	0	0	264.0M	0	0	149.1M	0
Investing cash flow	165.4M	-294.3M	253.6M	-120.4M	-33.3M	-476.3M	-63.2M	-137.0M	-318.5M	-376.8M
Financing cash flow	-804.5M	-223.9M	-986.5M	-482.8M	-387.4M	-101.1M	-982.7M	-300.7M	-781.1M	-1.2B
Dividend per share	1.03	1.09	1.12	1.12	0.54	0.68	0.84	1.02	0.97	1.01

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	19.1M	21.6M	18.2M	20.2M	23.7M	23.1M	26.6M	33.1M	34.9M	33.2M
Stock-based pay / revenue	1.6%	1.8%	1.6%	1.7%	2.2%	1.7%	1.5%	1.9%	1.7%	1.6%
Operating lease cost	-	-	-	12.6M	10.4M	11.6M	13.0M	14.7M	15.1M	14.2M
Finance lease principal paid	-	-	-	-	-	-	0	0	265K	24.4M
Right-of-use assets	-	-	0	99.1M	102.4M	147.5M	133.7M	128.3M	126.4M	127.6M
Operating lease liabilities	-	-	0	92.7M	96.6M	123.8M	113.7M	110.0M	117.2M	120.1M
Finance lease liabilities	-	-	-	-	-	22.7M	-	-	24.2M	-

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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