REIT - Retail
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IVT vs FRT vs KIM vs REG
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
REIT - Retail
REIT - Retail
IVT vs FRT vs KIM vs REG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | REIT - Retail | REIT - Retail | REIT - Retail | REIT - Retail |
| Market Cap | $2.47B | $9.99B | $15.87B | $14.25B |
| Revenue (TTM) | $307M | $1.28B | $2.16B | $1.68B |
| Net Income (TTM) | $110M | $411M | $616M | $630M |
| Gross Margin | 49.5% | 52.0% | 54.7% | 60.5% |
| Operating Margin | 16.6% | 42.0% | 36.1% | 54.0% |
| Forward P/E | 164.4x | 40.0x | 30.5x | 32.1x |
| Total Debt | $826M | $5.03B | $8.64B | $5.94B |
| Cash & Equiv. | $41M | $107M | $213M | $121M |
IVT vs FRT vs KIM vs REG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 21 | May 26 | Return |
|---|---|---|---|
| InvenTrust Properti… (IVT) | 100 | 26.4 | -73.6% |
| Federal Realty Inve… (FRT) | 100 | 114.3 | +14.3% |
| Kimco Realty Corpor… (KIM) | 100 | 128.4 | +28.4% |
| Regency Centers Cor… (REG) | 100 | 142.1 | +42.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IVT vs FRT vs KIM vs REG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
IVT has the current edge in this matchup, primarily because of its strength in income & stability and growth exposure.
- Dividend streak 8 yrs, beta 0.33, yield 2.9%
- Rev growth 9.2%, EPS growth 6.5%, 3Y rev CAGR 8.1%
- Lower volatility, beta 0.33, Low D/E 46.0%, current ratio 1.17x
- Beta 0.33, yield 2.9%, current ratio 1.17x
FRT is the clearest fit if your priority is momentum.
- +26.2% vs REG's +12.2%
KIM is the #2 pick in this set and the best alternative if value and dividends is your priority.
- Lower P/E (30.5x vs 40.0x)
- 4.5% yield, 1-year raise streak, vs IVT's 2.9%
REG is the clearest fit if your priority is long-term compounding and valuation efficiency.
- 28.9% 10Y total return vs KIM's 11.1%
- PEG 0.52 vs FRT's 1.65
- 37.4% margin vs KIM's 28.5%
- 4.9% ROA vs KIM's 3.1%, ROIC 3.5% vs 3.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.2% FFO/revenue growth vs REG's 3.4% | |
| Value | Lower P/E (30.5x vs 40.0x) | |
| Quality / Margins | 37.4% margin vs KIM's 28.5% | |
| Stability / Safety | Beta 0.33 vs FRT's 0.55, lower leverage | |
| Dividends | 4.5% yield, 1-year raise streak, vs IVT's 2.9% | |
| Momentum (1Y) | +26.2% vs REG's +12.2% | |
| Efficiency (ROA) | 4.9% ROA vs KIM's 3.1%, ROIC 3.5% vs 3.0% |
IVT vs FRT vs KIM vs REG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
IVT vs FRT vs KIM vs REG — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
REG leads in 1 of 6 categories
KIM leads 1 • IVT leads 1 • FRT leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
REG leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KIM is the larger business by revenue, generating $2.2B annually — 7.0x IVT's $307M. REG is the more profitable business, keeping 37.4% of every revenue dollar as net income compared to KIM's 28.5%. On growth, REG holds the edge at +31.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $307M | $1.3B | $2.2B | $1.7B |
| EBITDAEarnings before interest/tax | $185M | $905M | $1.4B | $1.3B |
| Net IncomeAfter-tax profit | $110M | $411M | $616M | $630M |
| Free Cash FlowCash after capex | $118M | $528M | $844M | $700M |
| Gross MarginGross profit ÷ Revenue | +49.5% | +52.0% | +54.7% | +60.5% |
| Operating MarginEBIT ÷ Revenue | +16.6% | +42.0% | +36.1% | +54.0% |
| Net MarginNet income ÷ Revenue | +35.8% | +32.1% | +28.5% | +37.4% |
| FCF MarginFCF ÷ Revenue | +38.5% | +41.3% | +39.0% | +41.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +11.3% | +7.9% | +4.0% | +31.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -23.9% | +104.1% | +27.8% | +2.6% |
Valuation Metrics
KIM leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 22.3x trailing earnings, IVT trades at a 21% valuation discount to KIM's 28.3x P/E. Adjusting for growth (PEG ratio), REG offers better value at 0.45x vs FRT's 1.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $2.5B | $10.0B | $15.9B | $14.3B |
| Enterprise ValueMkt cap + debt − cash | $3.3B | $14.9B | $24.3B | $20.1B |
| Trailing P/EPrice ÷ TTM EPS | 22.28x | 24.15x | 28.35x | 27.61x |
| Forward P/EPrice ÷ next-FY EPS est. | 164.36x | 40.05x | 30.48x | 32.06x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.00x | — | 0.45x |
| EV / EBITDAEnterprise value multiple | 18.07x | 18.03x | 17.70x | 20.47x |
| Price / SalesMarket cap ÷ Revenue | 8.24x | 7.81x | 7.41x | 9.17x |
| Price / BookPrice ÷ Book value/share | 1.38x | 2.84x | 1.50x | 1.98x |
| Price / FCFMarket cap ÷ FCF | 22.24x | 30.19x | 20.54x | 36.18x |
Profitability & Efficiency
IVT leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
FRT delivers a 11.8% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $6 for KIM. IVT carries lower financial leverage with a 0.46x debt-to-equity ratio, signaling a more conservative balance sheet compared to FRT's 1.44x. On the Piotroski fundamental quality scale (0–9), REG scores 6/9 vs FRT's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +6.1% | +11.8% | +5.8% | +9.0% |
| ROA (TTM)Return on assets | +4.0% | +4.7% | +3.1% | +4.9% |
| ROICReturn on invested capital | +1.5% | +4.2% | +3.0% | +3.5% |
| ROCEReturn on capital employed | +1.9% | +5.4% | +3.9% | +4.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.46x | 1.44x | 0.82x | 0.83x |
| Net DebtTotal debt minus cash | $785M | $4.9B | $8.4B | $5.8B |
| Cash & Equiv.Liquid assets | $41M | $107M | $213M | $121M |
| Total DebtShort + long-term debt | $826M | $5.0B | $8.6B | $5.9B |
| Interest CoverageEBIT ÷ Interest expense | 4.23x | 3.34x | 2.46x | 2.72x |
Total Returns (Dividends Reinvested)
Evenly matched — IVT and FRT and REG each lead in 2 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in REG five years ago would be worth $13,947 today (with dividends reinvested), compared to $2,814 for IVT. Over the past 12 months, FRT leads with a +26.2% total return vs REG's +12.2%. The 3-year compound annual growth rate (CAGR) favors IVT at 15.1% vs FRT's 10.9% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +14.4% | +19.1% | +18.6% | +15.7% |
| 1-Year ReturnPast 12 months | +15.9% | +26.2% | +18.9% | +12.2% |
| 3-Year ReturnCumulative with dividends | +52.4% | +36.6% | +43.6% | +44.4% |
| 5-Year ReturnCumulative with dividends | -71.9% | +18.1% | +31.1% | +39.5% |
| 10-Year ReturnCumulative with dividends | -68.5% | -1.0% | +11.1% | +28.9% |
| CAGR (3Y)Annualised 3-year return | +15.1% | +10.9% | +12.8% | +13.0% |
Risk & Volatility
Evenly matched — IVT and FRT each lead in 1 of 2 comparable metrics.
Risk & Volatility
IVT is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than FRT's 0.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FRT currently trades 98.7% from its 52-week high vs IVT's 95.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.33x | 0.55x | 0.54x | 0.36x |
| 52-Week HighHighest price in past year | $33.19 | $117.23 | $24.31 | $81.66 |
| 52-Week LowLowest price in past year | $26.52 | $89.99 | $19.76 | $66.86 |
| % of 52W HighCurrent price vs 52-week peak | +95.3% | +98.7% | +96.8% | +95.3% |
| RSI (14)Momentum oscillator 0–100 | 51.2 | 70.8 | 58.4 | 52.8 |
| Avg Volume (50D)Average daily shares traded | 435K | 790K | 5.0M | 1.3M |
Analyst Outlook
Evenly matched — IVT and KIM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: IVT as "Buy", FRT as "Buy", KIM as "Hold", REG as "Buy". Consensus price targets imply 4.3% upside for IVT (target: $33) vs -3.4% for FRT (target: $112). For income investors, KIM offers the higher dividend yield at 4.50% vs IVT's 2.94%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $33.00 | $111.75 | $24.25 | $80.14 |
| # AnalystsCovering analysts | 4 | 33 | 36 | 32 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +3.9% | +4.5% | +3.6% |
| Dividend StreakConsecutive years of raises | 8 | 3 | 1 | 5 |
| Dividend / ShareAnnual DPS | $0.93 | $4.52 | $1.06 | $2.81 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% | +0.8% | +0.1% |
REG leads in 1 of 6 categories (Income & Cash Flow). KIM leads in 1 (Valuation Metrics). 3 tied.
IVT vs FRT vs KIM vs REG: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is IVT or FRT or KIM or REG a better buy right now?
For growth investors, InvenTrust Properties Corp.
(IVT) is the stronger pick with 9. 2% revenue growth year-over-year, versus 3. 4% for Regency Centers Corporation (REG). InvenTrust Properties Corp. (IVT) offers the better valuation at 22. 3x trailing P/E (164. 4x forward), making it the more compelling value choice. Analysts rate InvenTrust Properties Corp. (IVT) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — IVT or FRT or KIM or REG?
On trailing P/E, InvenTrust Properties Corp.
(IVT) is the cheapest at 22. 3x versus Kimco Realty Corporation at 28. 3x. On forward P/E, Kimco Realty Corporation is actually cheaper at 30. 5x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Regency Centers Corporation wins at 0. 52x versus Federal Realty Investment Trust's 1. 65x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — IVT or FRT or KIM or REG?
Over the past 5 years, Regency Centers Corporation (REG) delivered a total return of +39.
5%, compared to -71. 9% for InvenTrust Properties Corp. (IVT). Over 10 years, the gap is even starker: REG returned +28. 9% versus IVT's -68. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — IVT or FRT or KIM or REG?
By beta (market sensitivity over 5 years), InvenTrust Properties Corp.
(IVT) is the lower-risk stock at 0. 33β versus Federal Realty Investment Trust's 0. 55β — meaning FRT is approximately 66% more volatile than IVT relative to the S&P 500. On balance sheet safety, InvenTrust Properties Corp. (IVT) carries a lower debt/equity ratio of 46% versus 144% for Federal Realty Investment Trust — giving it more financial flexibility in a downturn.
05Which is growing faster — IVT or FRT or KIM or REG?
By revenue growth (latest reported year), InvenTrust Properties Corp.
(IVT) is pulling ahead at 9. 2% versus 3. 4% for Regency Centers Corporation (REG). On earnings-per-share growth, the picture is similar: InvenTrust Properties Corp. grew EPS 647. 4% year-over-year, compared to 33. 6% for Regency Centers Corporation. Over a 3-year CAGR, IVT leads at 8. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — IVT or FRT or KIM or REG?
InvenTrust Properties Corp.
(IVT) is the more profitable company, earning 37. 2% net margin versus 27. 3% for Kimco Realty Corporation — meaning it keeps 37. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: REG leads at 37. 0% versus 17. 2% for IVT. At the gross margin level — before operating expenses — KIM leads at 54. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is IVT or FRT or KIM or REG more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Regency Centers Corporation (REG) is the more undervalued stock at a PEG of 0. 52x versus Federal Realty Investment Trust's 1. 65x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Kimco Realty Corporation (KIM) trades at 30. 5x forward P/E versus 164. 4x for InvenTrust Properties Corp. — 133. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IVT: 4. 3% to $33. 00.
08Which pays a better dividend — IVT or FRT or KIM or REG?
All stocks in this comparison pay dividends.
Kimco Realty Corporation (KIM) offers the highest yield at 4. 5%, versus 2. 9% for InvenTrust Properties Corp. (IVT).
09Is IVT or FRT or KIM or REG better for a retirement portfolio?
For long-horizon retirement investors, Regency Centers Corporation (REG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
36), 3. 6% yield). Both have compounded well over 10 years (REG: +28. 9%, FRT: -1. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between IVT and FRT and KIM and REG?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: IVT is a small-cap quality compounder stock; FRT is a small-cap income-oriented stock; KIM is a mid-cap income-oriented stock; REG is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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