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Kimco Realty Corp
NYSE:KIM

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Kimco Realty Corp Logo
Kimco Realty Corp
NYSE:KIM
Watchlist
Price: 19.57 USD -0.96%
Updated: Mar 1, 2024

Intrinsic Value

Kimco Realty Corp. is a real estate investment trust company, which engages in the ownership and operation of open-air shopping centers. [ Read More ]

The intrinsic value of one KIM stock under the Base Case scenario is 20.03 USD. Compared to the current market price of 19.57 USD, Kimco Realty Corp is Undervalued by 2%.

Key Points:
KIM Intrinsic Value
Base Case
20.03 USD
Undervaluation 2%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Kimco Realty Corp

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Fundamental Analysis

Robust 2023 Performance and Optimistic 2024 Outlook
2023-Q4 Earnings Call

Robust 2023 Performance and Optimistic 2024 Outlook

The company ended 2023 on a strong note with solid fourth quarter results, exceptional leasing activity, and a rise in occupancy, driving a positive same-site NOI growth of 3.2%. The full-year same-site NOI growth of 2.4% surpassed the projected range, signifying higher minimum rent and a growing spread between leased and economic occupancy, hinting at promising future revenues. The financial strategy was reinforced with strategic bonds and the RPT transaction, maintaining a healthy liquidity profile. Looking ahead to 2024, the company issued guidance predicting an FFO per share ranging from $1.58 to $1.62, excluding an estimated $25 million in RPT merger costs. The guidance accounts for a positive same-site NOI growth of 1.5% to 2.5%, acquisitions, dispositions, and assumes stable corporate costs without any significant non-cash accounting impacts.

Financials

Balance Sheet Decomposition
Kimco Realty Corp

Current Assets 1.1B
Cash & Short-Term Investments 783.8m
Receivables 307.6m
Non-Current Assets 17.2B
Long-Term Investments 1.6B
PP&E 15.2B
Other Non-Current Assets 397.5m
Current Liabilities 331.5m
Accounts Payable 216.2m
Accrued Liabilities 110m
Other Current Liabilities 5.3m
Non-Current Liabilities 8.4B
Long-Term Debt 7.6B
Other Non-Current Liabilities 800.2m
Efficiency
Fundamental Scores

KIM Profitability Score
Profitability Due Diligence

Kimco Realty Corp's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

59/100
Profitability
Score

Kimco Realty Corp's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

KIM Solvency Score
Solvency Due Diligence

Kimco Realty Corp's solvency score is 38/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Low D/E
Low Altman Z-Score
38/100
Solvency
Score

Kimco Realty Corp's solvency score is 38/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

KIM Price Targets Summary
Kimco Realty Corp

Wall Street analysts forecast KIM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for KIM is 23.97 USD with a low forecast of 21.21 USD and a high forecast of 27.3 USD.

Lowest
Price Target
21.21 USD
8% Upside
Average
Price Target
23.97 USD
22% Upside
Highest
Price Target
27.3 USD
39% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

KIM Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

KIM Price
Kimco Realty Corp

1M 1M
-5%
6M 6M
+5%
1Y 1Y
-3%
3Y 3Y
+14%
5Y 5Y
+36%
10Y 10Y
+35%
Annual Price Range
19.57
52w Low
16.38
52w High
22.59
Price Metrics
Average Annual Return 15.81%
Standard Deviation of Annual Returns 44.61%
Max Drawdown -63%
Shares Statistics
Market Capitalization 12.1B USD
Shares Outstanding 672 321 984
Percentage of Shares Shorted 3.62%

KIM Return Decomposition
Main factors of price return

What is price return decomposition?

KIM News

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Last Important Events
Kimco Realty Corp

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Sentiment Analysis
Kimco Realty Corp

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Company Profile

Kimco Realty Corp Logo
Kimco Realty Corp

Country

United States of America

Industry

Real Estate

Market Cap

12.1B USD

Dividend Yield

4.94%

Description

Kimco Realty Corp. is a real estate investment trust company, which engages in the ownership and operation of open-air shopping centers. The company is headquartered in Jericho, New York and currently employs 606 full-time employees. The firm owns and operates of open-air, grocery-anchored shopping centers and mixed-use assets. The firm is specialized in shopping center acquisitions, development, management, and operation of open-air shopping centers, which are anchored generally by discounters, grocery stores, and service-oriented tenants.The Company has interests in approximately 545 United States shopping center properties comprising 93.7 million square feet of gross leasable area (GLA), located in approximately 29 states. The firm has 58 other property interests, primarily through the company’s preferred equity investments and other investments, comprising 6.3 million square feet of GLA. The firm's properties include 10-Federal S.C, 1934 West Gray, 1935 West Gray, 1939 West Gray, 2200 Westlake Retail, 2424 Hylan Boulevard, 280 Metro Center, 580 Market Place, 8000 Sunset Strip S.C., Accent Plaza and Adams Plaza.

Contact

NEW YORK
Jericho
500 North Broadway, Suite 201, P.O. Box 9010
+15168699000.0
https://www.kimcorealty.com/

IPO

1991-11-22

Employees

606

Officers

Co-Founder & Executive Chairman
Mr. Milton Cooper
CEO & Director
Mr. Conor C. Flynn
President & Chief Investment Officer
Mr. Ross Cooper
Executive VP & CFO
Mr. Glenn Gary Cohen CPA
Executive VP & COO
Mr. David Jamieson
VP & Chief Accounting Officer
Mr. Paul Westbrook
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VP & CTO
Mr. Kenneth Fisher
Executive VP & Chief Information Officer
Mr. Thomas R. Taddeo
Senior Vice President of Investor Relations & Strategy
Mr. David F. Bujnicki
Executive VP, General Counsel & Secretary
Mr. Bruce M. Rubenstein
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See Also

Discover More
What is the Intrinsic Value of one KIM stock?

The intrinsic value of one KIM stock under the Base Case scenario is 20.03 USD.

Is KIM stock undervalued or overvalued?

Compared to the current market price of 19.57 USD, Kimco Realty Corp is Undervalued by 2%.