NYSE : KIM
Kimco Realty Corporation — Financial statements
Real Estate · REIT - Retail · United States
Last price 24.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 16.34B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 2.18B | 2.12B | 2.02B | 1.77B | 1.71B | 1.35B |
| Property Management Fees | 20.39M | 18.72M | 17.95M | 16.34M | 16.84M | 14.88M |
| Total Revenue | 2.20B | 2.14B | 2.04B | 1.78B | 1.73B | 1.36B |
| Property Expenses | 677.15M | 662.33M | 637.65M | 556.72M | 530.91M | 417.91M |
| Selling, General & Administrative | 133.62M | 133.01M | 138.14M | 136.81M | 119.53M | 104.12M |
| Depreciation & Amortization | 615.50M | 627.09M | 603.68M | 507.26M | 505.00M | 395.32M |
| Other Operating Expenses | -11.09M | 602.00K | ||||
| Total Operating Expenses | 1.43B | 1.42B | 1.38B | 1.19B | 1.16B | 917.35M |
| Operating Income | 771.15M | 717.68M | 657.54M | 593.70M | 571.64M | 447.23M |
| Interest Expense | -339.11M | -330.20M | -307.81M | -250.20M | -226.82M | -204.13M |
| Interest & Investment Income | 51.80M | 50.96M | 29.53M | 206.08M | 18.00M | 16.96M |
| Income (Loss) on Equity Investments | 161.60M | 100.22M | 93.65M | 82.99M | 126.88M | 107.95M |
| Other Non-Operating Income | 1.23M | 2.05M | 28.07M | 16.91M | 11.43M | 2.85M |
| EBT Excluding Unusual Items | 646.67M | 540.71M | 500.98M | 649.47M | 501.13M | 370.86M |
| Merger & Restructuring Charges | -25.25M | -4.77M | -50.19M | |||
| Gain (Loss) on Sale of Investments | -29.00K | 3.00K | -27.68M | 21.26M | -315.51M | 505.16M |
| Gain (Loss) on Sale of Assets | 125.60M | 62.66M | 1.27M | 74.98M | 15.18M | 30.84M |
| Asset Writedown | -15.55M | -9.52M | -4.48M | -14.04M | -21.96M | -3.60M |
| Other Unusual Items | -7.66M | |||||
| Pretax Income | 756.69M | 593.86M | 444.86M | 726.90M | 171.19M | 853.08M |
| Income Tax Expense | 1.00M | 1.05M | 25.42M | 60.95M | 56.65M | 3.38M |
| Earnings From Continuing Operations | 755.69M | 592.81M | 419.44M | 665.95M | 114.53M | 849.70M |
| Net Income to Company | 755.69M | 592.81M | 419.44M | 665.95M | 114.53M | 849.70M |
| Minority Interest in Earnings | -7.26M | -8.07M | -8.65M | -11.68M | 11.44M | -5.64M |
| Net Income | 748.43M | 584.74M | 410.79M | 654.27M | 125.98M | 844.06M |
| Preferred Dividends & Other Adjustments | 32.77M | 33.57M | 39.52M | 25.52M | 27.40M | 28.46M |
| Net Income to Common | 715.66M | 551.17M | 371.26M | 628.76M | 98.58M | 815.60M |
| Basic Shares Outstanding | 670.84M | 675.05M | 671.56M | 616.95M | 615.53M | 506.25M |
| Diluted Shares Outstanding | 673.56M | 675.28M | 672.14M | 618.20M | 617.86M | 511.38M |
| EPS (Basic) | 1.07 | 0.82 | 0.55 | 1.02 | 0.16 | 1.61 |
| EPS (Diluted) | 1.07 | 0.82 | 0.55 | 1.02 | 0.16 | 1.60 |
| Dividend Per Share | 1.06 | 1.01 | 0.97 | 0.93 | 0.84 | 0.68 |
| Operating Margin | 35.09% | 33.53% | 32.28% | 33.29% | 33.09% | 32.77% |
| Profit Margin | 32.57% | 25.75% | 18.23% | 35.26% | 5.71% | 59.77% |
| EBITDA | 1.35B | 1.31B | 1.23B | 1.08B | 1.06B | 824.61M |
| EBITDA Margin | 61.40% | 61.21% | 60.46% | 60.51% | 61.33% | 60.43% |
| D&A For Ebitda | 578.05M | 592.35M | 573.98M | 485.51M | 487.91M | 377.38M |
| EBIT | 771.15M | 717.68M | 657.54M | 593.70M | 571.64M | 447.23M |
| EBIT Margin | 35.09% | 33.53% | 32.28% | 33.29% | 33.09% | 32.77% |
| Funds From Operations (FFO) | 1.23B | 1.19B | 1.11B | 970.02M | 976.36M | 706.83M |
| FFO Per Share | 1.83 | 1.76 | 1.65 | 1.57 | 1.58 | 1.38 |
| Adjusted Funds From Operations (AFFO) | 1.04B | 1.00B | 919.74M | 970.02M | 976.36M | 706.83M |
| AFFO Per Share | 1.53 | 1.47 | 1.35 | 1.56 | 1.57 | 1.38 |
| Effective Tax Rate | 0.13% | 0.18% | 5.71% | 8.38% | 33.09% | 0.40% |
| Revenue as Reported | 2.20B | 2.14B | 2.04B | 1.78B | 1.73B | 1.36B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 16.73B | 16.59B | 16.53B | 14.93B | 14.81B | 14.73B |
| Total Real Estate Assets | 16.73B | 16.61B | 16.55B | 14.94B | 14.84B | 14.75B |
| Cash & Equivalents | 543.74M | 211.65M | 688.62M | 783.76M | 149.83M | 334.66M |
| Accounts Receivable | 360.36M | 357.46M | 324.60M | 297.53M | 281.44M | 238.95M |
| Other Receivables | 13.57M | 11.50M | 15.87M | 10.09M | 22.78M | 15.72M |
| Investment In Debt and Equity Securities | 157.64M | 102.58M | 109.64M | 474.15M | 705.31M | 1.33B |
| Other Intangible Assets | 303.47M | 403.67M | 301.76M | 356.69M | 456.39M | |
| Restricted Cash | 1.17M | 1.15M | 1.11M | |||
| Other Current Assets | 2.50M | 56.30M | ||||
| Deferred Long-Term Tax Assets | 3.66M | 4.87M | 3.98M | 6.00M | 6.14M | |
| Deferred Long-Term Charges | 180.77M | 171.84M | 162.27M | 150.36M | 148.46M | |
| Other Long-Term Assets | 1.55B | 1.52B | 1.60B | 1.17B | 1.17B | 1.10B |
| Total Assets | 19.72B | 19.69B | 20.31B | 18.27B | 17.83B | 18.46B |
| Current Portion of Long-Term Debt | 557.00M | 881.89M | ||||
| Current Portion of Leases | 12.05M | |||||
| Long-Term Debt | 7.92B | 7.31B | 8.46B | 7.62B | 7.16B | 7.48B |
| Long-Term Leases | 118.01M | 108.03M | 117.20M | 109.98M | 113.68M | 123.78M |
| Accounts Payable | 330.55M | 291.54M | 281.87M | 216.24M | 207.81M | 220.31M |
| Other Current Liabilities | 5.44M | 19.86M | 5.31M | 5.33M | 5.37M | |
| Long-Term Deferred Tax Liabilities | 5.89M | 6.18M | 5.84M | 6.55M | 8.06M | |
| Other Long-Term Liabilities | 480.58M | 502.92M | 577.82M | 594.12M | 595.02M | 502.32M |
| Total Liabilities | 9.40B | 9.12B | 9.46B | 8.55B | 8.09B | 8.34B |
| Preferred Stock, Redeemable | 18.00K | 20.00K | 20.00K | 19.00K | 19.00K | 20.00K |
| Preferred Stock, Convertible | 1.00K | 1.00K | 1.00K | |||
| Total Preferred Equity | 19.00K | 21.00K | 21.00K | 19.00K | 19.00K | 20.00K |
| Common Stock | 6.64M | 6.74M | 6.79M | 6.20M | 6.18M | 6.17M |
| Additional Paid-In Capital | 10.63B | 10.92B | 11.03B | 9.64B | 9.62B | 9.59B |
| Distributions in Excess of Earnings | -490.65M | -528.73M | -398.79M | -122.58M | -119.55M | |
| Retained Earnings | 299.12M | |||||
| Comprehensive Income & Other | 15.03M | -8.79M | 11.04M | 3.33M | 10.58M | 2.22M |
| Total Common Equity | 10.16B | 10.39B | 10.65B | 9.53B | 9.52B | 9.90B |
| Minority Interest | 161.50M | 176.04M | 193.24M | 200.27M | 224.33M | 224.27M |
| Shareholders' Equity | 10.32B | 10.57B | 10.85B | 9.73B | 9.74B | 10.12B |
| Total Liabilities & Equity | 19.72B | 19.69B | 20.31B | 18.27B | 17.83B | 18.46B |
| Total Debt | 8.59B | 8.31B | 8.58B | 7.73B | 7.27B | 7.60B |
| Net Cash (Debt) | -8.03B | -8.10B | -7.89B | -6.94B | -7.12B | -7.26B |
| Net Cash Per Share | -11.93 | -12.00 | -11.74 | -11.23 | -11.53 | -14.21 |
| Filing Date Shares Outstanding | 664.49M | 674.07M | 679.48M | 672.90M | 618.61M | 616.72M |
| Total Common Shares Outstanding | 664.49M | 674.09M | 679.49M | 619.87M | 618.48M | 616.66M |
| Book Value Per Share | 15.29 | 15.42 | 15.68 | 15.37 | 15.39 | 16.05 |
| Tangible Book Value | 10.16B | 10.09B | 10.25B | 9.22B | 9.16B | 9.44B |
| Tangible Book Value Per Share | 15.29 | 14.97 | 15.08 | 14.88 | 14.81 | 15.31 |
| Land | 4.54B | 4.48B | 4.17B | 4.10B | 3.96B | |
| Buildings | 14.29B | 13.99B | 12.53B | 12.24B | 12.04B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 748.43M | 584.74M | 410.79M | 654.27M | 125.98M | 844.06M |
| Depreciation & Amortization | 578.05M | 592.35M | 573.98M | 485.51M | 487.91M | 377.38M |
| Other Amortization | 11.65M | 8.24M | 3.74M | -4.70M | 3.50M | 3.10M |
| Gain (Loss) on Sale of Assets | -125.60M | -62.66M | -1.27M | -74.98M | -15.18M | -30.84M |
| Gain (Loss) on Sale of Investments | 1.89M | -3.00K | 27.68M | -21.26M | 315.51M | -505.16M |
| Asset Writedown | 15.55M | 9.52M | 4.48M | 14.04M | 21.96M | 3.60M |
| Stock-Based Compensation | 35.56M | 33.23M | 34.90M | 33.05M | 26.64M | 23.15M |
| Income (Loss) on Equity Investments | 2.81M | -3.75M | 4.08M | -7.16M | -43.33M | -16.44M |
| Change in Accounts Receivable | 7.92M | 130.00K | 5.99M | 18.45M | -9.10M | 4.55M |
| Change in Accounts Payable | 3.01M | -5.33M | -21.74M | 5.83M | 37.66M | -104.71M |
| Change in Other Net Operating Assets | -15.70M | -12.93M | -22.34M | -19.89M | -24.21M | 46.64M |
| Other Operating Activities | -27.38M | -23.50M | -14.65M | -11.57M | -66.21M | -26.43M |
| Operating Cash Flow | 1.24B | 1.12B | 1.01B | 1.07B | 861.11M | 618.88M |
| Acquisition of Real Estate Assets | -579.05M | -565.99M | -477.41M | -541.70M | -494.48M | -519.65M |
| Sale of Real Estate Assets | 206.81M | 108.63M | 71.28M | 160.06M | 184.29M | 302.84M |
| Net Sale / Acq. of Real Estate Assets | -372.24M | -457.37M | -406.13M | -381.64M | -310.19M | -216.81M |
| Cash Acquisition | -149.10M | -263.97M | ||||
| Investment in Marketable & Equity Securities | 185.06M | 634.00K | 323.22M | 263.04M | 261.73M | 32.65M |
| Other Investing Activities | 2.11M | 2.52M | 7.56M | |||
| Investing Cash Flow | 115.02M | -376.81M | -318.54M | -136.98M | -63.22M | -476.26M |
| Long-Term Debt Issued | 500.00M | 1.36B | 500.00M | 1.27B | 500.00M | |
| Long-Term Debt Repaid | -825.93M | -1.49B | -60.77M | -1.62B | -239.91M | |
| Net Debt Issued (Repaid) | 252.33M | -325.93M | -130.07M | 439.23M | -347.80M | 260.09M |
| Issuance of Common Stock | 13.78M | 135.80M | 3.73M | 15.51M | 82.99M | |
| Repurchase of Common Stock | -323.48M | -132.42M | -15.85M | -16.29M | -13.68M | -20.84M |
| Preferred Share Repurchases | -73.94M | -3.48M | -26.72M | -1.49M | -3.44M | |
| Common & Preferred Dividends Paid | -743.54M | -714.58M | -685.90M | -657.46M | -544.74M | -382.13M |
| Total Dividends Paid | -743.54M | -714.58M | -685.90M | -657.46M | -544.74M | -382.13M |
| Other Financing Activities | -91.94M | -43.72M | -58.37M | -68.41M | -88.59M | -41.25M |
| Net Cash Flow | 384.44M | -476.94M | -94.03M | 633.93M | -184.83M | 41.48M |
| Levered Free Cash Flow | 878.25M | 842.70M | 877.42M | 789.87M | 615.18M | 593.99M |
| Unlevered Free Cash Flow | 1.08B | 1.04B | 1.07B | 955.44M | 756.94M | 721.57M |
| Cash Interest Paid | 328.50M | 318.96M | 301.24M | 250.43M | 251.02M | 197.95M |
| Cash Income Tax Paid | 23.46M | 60.94M | 65.27M | 11.87M | 1.96M | |
| Change in Working Capital | -4.76M | -18.14M | -38.09M | 4.39M | 4.34M | -53.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.70B | 13.73B | 15.79B | 13.21B | 13.10B | 15.19B |
| Enterprise Value | 24.74B | 22.12B | 23.69B | 20.25B | 20.45B | 22.63B |
| Last Close Price | 25.07 | 19.60 | 21.60 | 18.78 | 17.71 | 19.85 |
| Price/FFO Ratio | 12.14 | 11.13 | 13.09 | 11.96 | 11.21 | 14.38 |
| Price/AFFO Ratio | 14.49 | 13.35 | 15.96 | 12.01 | 11.25 | 14.36 |
| PE Ratio | 23.50 | 24.91 | 42.54 | 21.01 | 132.88 | 18.63 |
| PS Ratio | 7.60 | 6.41 | 7.75 | 7.41 | 7.58 | 11.13 |
| PB Ratio | 1.64 | 1.30 | 1.46 | 1.36 | 1.34 | 1.50 |
| P/OCF Ratio | 13.51 | 12.26 | 15.71 | 12.33 | 15.21 | 24.55 |
| EV/Sales Ratio | 11.26 | 10.34 | 11.63 | 11.35 | 11.84 | 16.59 |
| EV/EBITDA Ratio | 18.33 | 16.89 | 19.23 | 18.76 | 19.30 | 27.45 |
| EV/EBIT Ratio | 32.08 | 30.82 | 36.02 | 34.11 | 35.77 | 50.61 |
| Debt / Equity Ratio | 0.83 | 0.79 | 0.79 | 0.79 | 0.75 | 0.75 |
| Debt / EBITDA Ratio | 6.29 | 6.26 | 6.87 | 7.05 | 6.75 | 9.04 |
| Net Debt / Equity Ratio | 0.78 | 0.77 | 0.73 | 0.71 | 0.73 | 0.72 |
| Net Debt / EBITDA Ratio | 5.95 | 6.18 | 6.41 | 6.43 | 6.72 | 8.81 |
| Asset Turnover | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 |
| Quick Ratio | 1.05 | 0.49 | 3.41 | 4.93 | 2.13 | 2.61 |
| Current Ratio | 1.05 | 0.49 | 3.41 | 4.93 | 2.39 | 2.61 |
| Return on Equity (ROE) | 7.20% | 5.54% | 4.08% | 6.84% | 1.15% | 10.75% |
| Return on Assets (ROA) | 2.43% | 2.24% | 2.13% | 2.06% | 1.97% | 1.86% |
| Return on Invested Capital (ROIC) | 4.03% | 3.74% | 3.36% | 3.16% | 2.20% | 3.09% |
| Earnings Yield | 4.25% | 4.26% | 2.60% | 4.95% | 0.96% | 5.56% |
| Dividend Yield | 4.47% | 4.96% | 4.17% | 4.36% | 3.97% | 2.76% |
| Payout Ratio | 105.00% | 122.20% | 166.97% | 100.49% | 432.42% | 45.27% |
| Buyback Yield / Dilution | 0.37% | -0.47% | -8.72% | -0.06% | -20.82% | -18.48% |
| Total Shareholder Return | 4.83% | 4.49% | -4.55% | 4.31% | -16.86% | -15.72% |