Kimco Realty (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. 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. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of September 30, 2024, the company owned interests in 567 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space.
Strategic Positioning | Explore Kimco's focus on grocery-anchored shopping centers, providing stability and consistent foot traffic in a changing retail landscape |
Financial Health | Delve into Kimco's robust cash flow metrics and strong financial health score, balanced against projections of slower AFFO growth compared to peers |
Market Dynamics | Learn how lower interest rates and institutional capital influx are shaping the shopping center REIT sector, impacting Kimco's valuation and growth potential |
Future Outlook | Discover Kimco's challenges and opportunities, with analyst price targets around $23, as it navigates consumer spending trends and evolving retail environments |
Metrics to compare | KIM | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipKIMPeersSector | |
---|---|---|---|---|
P/E Ratio | 42.3x | 31.3x | 7.7x | |
PEG Ratio | −1.65 | 0.23 | 0.01 | |
Price/Book | 1.4x | 2.2x | 0.9x | |
Price / LTM Sales | 7.6x | 7.6x | 3.8x | |
Upside (Analyst Target) | 18.3% | 14.7% | 20.9% | |
Fair Value Upside | Unlock | −10.2% | 1.6% | Unlock |