Comprehensive Stock Comparison
Compare Tanger Inc. (SKT) vs Kimco Realty Corporation (KIM) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | KIM | 14.2% revenue growth vs SKT's 13.3% |
| Value | KIM | Lower P/E (30.4x vs 33.2x) |
| Quality / Margins | KIM | 27.3% net margin vs SKT's 19.2% |
| Stability / Safety | KIM | Beta 0.70 vs SKT's 0.78, lower leverage |
| Dividends | KIM | 4.3% yield, vs SKT's 2.9% |
| Momentum (1Y) | KIM | +11.1% vs SKT's +7.8% |
| Efficiency (ROA) | SKT | 4.1% ROA vs KIM's 3.0%, ROIC 5.3% vs 2.7% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Tanger Inc. is a real estate investment trust that owns and operates outlet shopping centers across the United States and Canada. It generates revenue primarily through tenant leases—collecting rent from retailers—with additional income from property management and development services. The company's competitive advantage lies in its specialized focus on the outlet shopping segment and its established portfolio of well-located properties in tourist destinations and high-traffic markets.
Kimco Realty is a real estate investment trust that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties across the United States. It generates revenue primarily through collecting rent from retail tenants—with grocery stores serving as anchor tenants that drive consistent foot traffic—and earns additional income from property management and development services. The company's competitive advantage lies in its strategic focus on grocery-anchored centers in high-density metropolitan markets, which provides recession-resistant cash flow due to the essential nature of grocery retail.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
SKT leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). KIM leads in 2 (Valuation Metrics, Risk & Volatility). 1 tied.
Financial Metrics (TTM)
KIM is the larger business by revenue, generating $2.1B annually — 3.8x SKT's $562M. KIM is the more profitable business, keeping 27.3% of every revenue dollar as net income compared to SKT's 19.2%. On growth, SKT holds the edge at +9.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | SKTTanger Inc. | KIMKimco Realty Corp… |
|---|---|---|
| RevenueTrailing 12 months | $562M | $2.1B |
| EBITDAEarnings before interest/tax | $250M | $1.1B |
| Net IncomeAfter-tax profit | $108M | $584M |
| Free Cash FlowCash after capex | $248M | $630M |
| Gross MarginGross profit ÷ Revenue | +69.5% | +69.1% |
| Operating MarginEBIT ÷ Revenue | +18.5% | +36.0% |
| Net MarginNet income ÷ Revenue | +19.2% | +27.3% |
| FCF MarginFCF ÷ Revenue | +44.2% | +29.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.2% | +3.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +27.3% | -4.3% |
Valuation Metrics
At 42.1x trailing earnings, SKT trades at a 2% valuation discount to KIM's 42.8x P/E. On an enterprise value basis, KIM's 19.4x EV/EBITDA is more attractive than SKT's 19.8x.
| Metric | SKTTanger Inc. | KIMKimco Realty Corp… |
|---|---|---|
| Market CapShares × price | $4.3B | $16.0B |
| Enterprise ValueMkt cap + debt − cash | $5.7B | $23.9B |
| Trailing P/EPrice ÷ TTM EPS | 42.11x | 42.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 33.24x | 30.43x |
| PEG RatioP/E ÷ EPS growth rate | 1.37x | — |
| EV / EBITDAEnterprise value multiple | 19.80x | 19.38x |
| Price / SalesMarket cap ÷ Revenue | 8.11x | 7.86x |
| Price / BookPrice ÷ Book value/share | 6.06x | 1.46x |
| Price / FCFMarket cap ÷ FCF | 27.28x | 23.49x |
Profitability & Efficiency
SKT delivers a 14.7% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $6 for KIM. KIM carries lower financial leverage with a 0.79x debt-to-equity ratio, signaling a more conservative balance sheet compared to SKT's 2.22x. On the Piotroski fundamental quality scale (0–9), SKT scores 7/9 vs KIM's 5/9, reflecting strong financial health.
| Metric | SKTTanger Inc. | KIMKimco Realty Corp… |
|---|---|---|
| ROE (TTM)Return on equity | +14.7% | +5.5% |
| ROA (TTM)Return on assets | +4.1% | +3.0% |
| ROICReturn on invested capital | +5.3% | +2.7% |
| ROCEReturn on capital employed | +6.7% | +3.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 2.22x | 0.79x |
| Net DebtTotal debt minus cash | $1.5B | $7.9B |
| Cash & Equiv.Liquid assets | $47M | $689M |
| Total DebtShort + long-term debt | $1.5B | $8.6B |
| Interest CoverageEBIT ÷ Interest expense | 2.48x | 2.04x |
Total Returns (with DRIP)
A $10,000 investment in SKT five years ago would be worth $26,009 today (with dividends reinvested), compared to $15,116 for KIM. Over the past 12 months, KIM leads with a +11.1% total return vs SKT's +7.8%. The 3-year compound annual growth rate (CAGR) favors SKT at 28.8% vs KIM's 8.8% — a key indicator of consistent wealth creation.
| Metric | SKTTanger Inc. | KIMKimco Realty Corp… |
|---|---|---|
| YTD ReturnYear-to-date | +12.8% | +17.4% |
| 1-Year ReturnPast 12 months | +7.8% | +11.1% |
| 3-Year ReturnCumulative with dividends | +113.6% | +28.8% |
| 5-Year ReturnCumulative with dividends | +160.1% | +51.2% |
| 10-Year ReturnCumulative with dividends | +49.4% | +23.3% |
| CAGR (3Y)Annualised 3-year return | +28.8% | +8.8% |
Risk & Volatility
KIM is the less volatile stock with a 0.70 beta — it tends to amplify market swings less than SKT's 0.78 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | SKTTanger Inc. | KIMKimco Realty Corp… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.78x | 0.70x |
| 52-Week HighHighest price in past year | $37.95 | $23.91 |
| 52-Week LowLowest price in past year | $28.69 | $17.93 |
| % of 52W HighCurrent price vs 52-week peak | +97.7% | +98.5% |
| RSI (14)Momentum oscillator 0–100 | 79.8 | 76.3 |
| Avg Volume (50D)Average daily shares traded | 876K | 4.4M |
Analyst Outlook
Wall Street rates SKT as "Hold" and KIM as "Hold". Consensus price targets imply 2.5% upside for KIM (target: $24) vs -4.7% for SKT (target: $35). For income investors, KIM offers the higher dividend yield at 4.33% vs SKT's 2.92%.
| Metric | SKTTanger Inc. | KIMKimco Realty Corp… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $35.33 | $24.14 |
| # AnalystsCovering analysts | 18 | 36 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +4.3% |
| Dividend StreakConsecutive years of raises | 3 | 0 |
| Dividend / ShareAnnual DPS | $1.08 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Tanger Inc. (SKT) | 100 | 261.84 | +161.8% |
| Kimco Realty Corpor… (KIM) | 100 | 116.89 | +16.9% |
Tanger Inc. (SKT) returned +160% over 5 years vs Kimco Realty Corpor… (KIM)'s +51%. A $10,000 investment in SKT 5 years ago would be worth $26,009 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Tanger Inc. (SKT) | $439M | $526M | +19.7% |
| Kimco Realty Corpor… (KIM) | $1.2B | $2.0B | +74.6% |
Tanger Inc.'s revenue grew from $439M (2015) to $526M (2024) — a 2.0% CAGR. Kimco Realty Corporation's revenue grew from $1.2B (2015) to $2.0B (2024) — a 6.4% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Tanger Inc. (SKT) | 48.1% | 18.7% | -61.0% |
| Kimco Realty Corpor… (KIM) | 76.6% | 20.2% | -73.7% |
Tanger Inc.'s net margin went from 48% (2015) to 19% (2024). Kimco Realty Corporation's net margin went from 77% (2015) to 20% (2024).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| Tanger Inc. (SKT) | 37.3 | 38.8 | +4.0% |
| Kimco Realty Corpor… (KIM) | 20.9 | 42.6 | +103.8% |
Tanger Inc. has traded in a 23x–237x P/E range over 6 years; current trailing P/E is ~42x. Kimco Realty Corporation has traded in a 7x–132x P/E range over 8 years; current trailing P/E is ~43x.
Chart 5EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Tanger Inc. (SKT) | 2.2 | 0.88 | -60.0% |
| Kimco Realty Corpor… (KIM) | 2 | 0.55 | -72.5% |
Tanger Inc.'s EPS grew from $2.20 (2015) to $0.88 (2024) — a -10% CAGR. Kimco Realty Corporation's EPS grew from $2.00 (2015) to $0.55 (2024) — a -13% CAGR.
Chart 6Free Cash Flow — 5 Years
Tanger Inc. generated $156M FCF in 2024 (-9% vs 2021). Kimco Realty Corporation generated $681M FCF in 2024 (+10% vs 2021).
SKT vs KIM: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is SKT or KIM a better buy right now?
Tanger Inc. (SKT) offers the better valuation at 42.1x trailing P/E (33.2x forward), making it the more compelling value choice. Analysts rate Tanger Inc. (SKT) a "Hold" — based on 18 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 — SKT or KIM?
On trailing P/E, Tanger Inc. (SKT) is the cheapest at 42.1x versus Kimco Realty Corporation at 42.8x. On forward P/E, Kimco Realty Corporation is actually cheaper at 30.4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — SKT or KIM?
Over the past 5 years, Tanger Inc. (SKT) delivered a total return of +160.1%, compared to +51.2% for Kimco Realty Corporation (KIM). A $10,000 investment in SKT five years ago would be worth approximately $26K today (assuming dividends reinvested). Over 10 years, the gap is even starker: SKT returned +49.4% versus KIM's +23.3%. 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 — SKT or KIM?
By beta (market sensitivity over 5 years), Kimco Realty Corporation (KIM) is the lower-risk stock at 0.70β versus Tanger Inc.'s 0.78β — meaning SKT is approximately 13% more volatile than KIM relative to the S&P 500. On balance sheet safety, Kimco Realty Corporation (KIM) carries a lower debt/equity ratio of 79% versus 2% for Tanger Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — SKT or KIM?
Kimco Realty Corporation (KIM) is the more profitable company, earning 20.2% net margin versus 18.7% for Tanger Inc. — meaning it keeps 20.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KIM leads at 30.9% versus 28.6% for SKT. At the gross margin level — before operating expenses — SKT leads at 69.8%, 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.
06Is SKT or KIM more undervalued right now?
On forward earnings alone, Kimco Realty Corporation (KIM) trades at 30.4x forward P/E versus 33.2x for Tanger Inc. — 2.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KIM: 2.5% to $24.14.
07Which pays a better dividend — SKT or KIM?
All stocks in this comparison pay dividends. Kimco Realty Corporation (KIM) offers the highest yield at 4.3%, versus 2.9% for Tanger Inc. (SKT).
08Is SKT or KIM better for a retirement portfolio?
For long-horizon retirement investors, Kimco Realty Corporation (KIM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.70), 4.3% yield). Both have compounded well over 10 years (KIM: +23.3%, SKT: +49.4%), 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.
09What are the main differences between SKT and KIM?
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: SKT is a small-cap quality compounder stock; KIM 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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