Upside case
Bull case
$59+149.9%
KIM would need investors to value it at roughly 76x earnings — about 46x more generous than today's 30x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
Kimco Realty Corporation (KIM) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
36
analysts
13 bullish · 0 bearish · 36 covering KIM
Strong Buy
1
Buy
12
Hold
23
Sell
0
Strong Sell
0
Consensus Target
$24
+3.0% vs today
Scenario Range
$22 – $59
Model bear to bull value window
Coverage
36
Published analyst ratings
Valuation Context
30.5x
Forward P/E · Market cap $15.9B
KIM price targets
Three scenarios for where KIM stock could go
Current
~$24
Confidence
56 / 100
Updated
May 1, 2026
Where we are now
Current · $24
Bear
$22
Base
$26
Bull
$59
Market caseClosest to today
Base case
$26+10.2%
This is close to how the market is already pricing KIM — at roughly 34x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$22-5.4%
If investor confidence fades or macro conditions deteriorate, a 2x multiple contraction could push KIM down roughly 5% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Kimco Realty Corporation
KIM · NYSEReal EstateREIT - RetailDecember year-end
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.
Market Cap
$15.9B
Revenue TTM
$2.2B
Net Income TTM
$616M
Net Margin
28.5%
KIM Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
75%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+14.6%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.44/$0.43
Revenue
$525M/$523M
Q4 2025
EPS
$0.44/$0.43
Revenue
$536M/$541M
Q1 2026
EPS
$0.44/$0.19
Revenue
$538M/$537M
Q2 2026
EPS
$0.23/$0.20
Revenue
$553M/$543M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.44/$0.43 | +2.3% | $525M/$523M | +0.5% |
| Q4 2025 | $0.44/$0.43 | +2.3% | $536M/$541M | -0.9% |
| Q1 2026 | $0.44/$0.19 | +135.7% | $538M/$537M | +0.2% |
| Q2 2026 | $0.23/$0.20 | +17.3% | $553M/$543M | +1.9% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$2.3B
+6.1% YoY
FY2
$2.5B
+7.3% YoY
EPS Outlook
FY1
$0.88
-3.6% YoY
FY2
$0.91
+3.5% YoY
Trailing FCF (TTM)$844M
FCF Margin: 39.0%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
KIM beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
KIM Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2018
Total disclosed revenue $1.2B
Product Mix
Latest annual revenue by segment or product family
Revenues from Rental Properties
75.8%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Revenues from Rental Properties is the largest disclosed segment at 75.8% of FY 2018 revenue, with no year-over-year comparison yet.
KIM Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Fairly Valued
Fair value est. $23 — implies -2.4% from today's price.
Premium to Fair Value
2.4%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
KIM
28.4x
vs
S&P 500
25.1x
+13% premium
vs Real Estate Trailing P/E
KIM
28.4x
vs
Real Estate
24.1x
+17% premium
vs KIM 5Y Avg P/E
Today
28.4x
vs
5Y Average
47.1x
40% discount
Forward PE
30.5x
S&P 500
19.1x
+60%
Real Estate
26.4x
+16%
5Y Avg
—
—
Trailing PE
28.4x
S&P 500
25.1x
+13%
Real Estate
24.1x
+17%
5Y Avg
47.1x
-40%
PEG Ratio
—
S&P 500
1.72x
—
Real Estate
1.25x
—
5Y Avg
—
—
EV/EBITDA
17.7x
S&P 500
15.2x
+16%
Real Estate
16.7x
+6%
5Y Avg
19.3x
-8%
Price/FCF
20.6x
S&P 500
21.1x
-3%
Real Estate
15.4x
+33%
5Y Avg
18.5x
+11%
Price/Sales
7.4x
S&P 500
3.1x
+137%
Real Estate
3.0x
+149%
5Y Avg
7.7x
-3%
Dividend Yield
4.50%
S&P 500
1.87%
+141%
Real Estate
4.66%
-3%
5Y Avg
4.35%
+3%
| Metric | KIM | S&P 500 | Real Estate | 5Y Avg KIM |
|---|---|---|---|---|
| Forward PE | 30.5x | 19.1x+60% | 26.4x+16% | — |
| Trailing PE | 28.4x | 25.1x+13% | 24.1x+17% | 47.1x-40% |
| PEG Ratio | — | 1.72x | 1.25x | — |
| EV/EBITDA | 17.7x | 15.2x+16% | 16.7x | 19.3x |
| Price/FCF | 20.6x | 21.1x | 15.4x+33% | 18.5x+11% |
| Price/Sales | 7.4x | 3.1x+137% | 3.0x+149% | 7.7x |
| Dividend Yield | 4.50% | 1.87% | 4.66% | 4.35% |
KIM trades above S&P 500 benchmarks on 4 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolKIM Financial Health
Verdict
Exceptional
KIM pays 5.3% total shareholder yield with 36.1% operating margin. Leverage is structural for REITs — debt capacity matters more than absolute ratio.
Property Operations
Revenue, margins, and distribution coverage
Revenue (TTM)
Trailing-twelve-month sales base
$2.2B
Revenue Growth
TTM vs prior year
+4.4%
Gross Margin
Gross profit as a share of revenue
54.7%
Operating Margin
Operating income divided by revenue
36.1%
Net Margin
Net income divided by revenue
28.5%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.92
Operating Margin
NOI-equivalent margin — key for REIT property economics
36.1%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
3.0%
ROA
Return on assets, trailing twelve months
3.1%
Cash & Equivalents
Liquid assets on the balance sheet
$213M
Net Debt
Total debt minus cash
$8.4B
Leverage (Net Debt / FCF)
REITs carry structural leverage — higher ratios are expected
10.0× FCF
Asset-heavy model means debt/FCF above 10× is common and not a distress signal.
ROE
Return on equity, trailing twelve months
5.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
5.3%
Dividend
4.5%
Buyback
0.8%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$124M
Dividend / Share
Annualized trailing dividend per share
$1.06
Payout Ratio
Share of earnings distributed as dividends
122.3%
Shares Outstanding
Declining as buybacks retire shares
674M
All figures from the trailing twelve months. REITs carry structural leverage — debt/FCF ratios above 10× are normal and do not indicate distress.
Open full ratios pageKIM Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Interest Rate Sensitivity
Elevated interest rates increase refinancing costs, potentially leading to expanded cap rates and reduced asset valuations. This can also slow down development projects and limit new development activity, significantly impacting financial performance.
High Risk
Retail Tenant Performance
The company's performance is closely tied to the economic conditions of the retail space market. Major tenants' inability to pay rent due to bankruptcy or general business downturns poses a significant risk to revenue.
High Risk
Economic and Market Conditions
Adverse global market and economic conditions can impede income generation and property maintenance. Financial disruptions, geopolitical challenges, or economic downturns could materially affect the company's business.
Medium
Financing and Capital Access
Risks include the inability to obtain equity, debt, or other financing on favorable terms. Access to third-party capital depends on market perception of growth potential, debt levels, stock price, and earnings.
Medium
Operational and Portfolio Concentration
While Kimco has expanded its portfolio, operational risks and portfolio concentration can still impact performance. A concentrated portfolio may lead to vulnerabilities in specific market segments.
Medium
Regulatory and Legal Risks
Increased regulation can lead to higher compliance costs and scrutiny. This may heighten other identified risks and affect overall operational efficiency.
Lower
Climate and Insurance Costs
Increasing costs related to climate change and insurance can affect operational expenses. These rising costs may impact profitability over time.
Lower
Cybersecurity and Data Breaches
Criminal cybersecurity attacks, data loss, or other security incidents present risks to the company's operations. Such incidents could lead to financial losses and damage to reputation.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why KIM Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Brand Strength and Market Position
Kimberly-Clark's established brands, including Huggies, Kleenex, and Scott, enjoy strong consumer loyalty and global distribution. This brand strength protects the company from local economic fluctuations and helps maintain its shelf dominance.
Financial Resilience and Cash Flow
The company has demonstrated consistent cash flow generation, allowing it to maintain a strong dividend payout. With a history of increasing its dividend for 52 consecutive years, Kimberly-Clark has earned 'Dividend King' status, and its current dividend yield is approximately 3.6%.
Operational Efficiency and Profitability
Recent financial performance indicates resilience, with solid revenue and effective cost management contributing to profitability. For instance, in Q4 2025, Kimberly-Clark reported a net income of $499 million, showcasing its effective cost management.
Shareholder Returns
In addition to dividends, Kimberly-Clark has returned significant capital to shareholders through share buybacks, enhancing its appeal to long-term investors. This commitment to returning capital underscores the company's focus on shareholder value.
Innovation and Sustainability
Kimberly-Clark's emphasis on innovation and sustainability positions it to navigate market challenges effectively. This strategic focus is expected to help the company capitalize on growth opportunities in the evolving consumer landscape.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
KIM Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$23.54
52W Range Position
83%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$19.76
+19.1% from the low
52-Week High
$24.31
-3.2% from the high
1 Month
+4.81%
3 Month
+8.53%
YTD
+17.3%
1 Year
+13.6%
3Y CAGR
+7.8%
5Y CAGR
+2.7%
10Y CAGR
-2.1%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
KIM vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
30.5x
vs 36.2x median
-16% below peer median
Revenue Growth
+6.1%
vs +5.2% median
+18% above peer median
Net Margin
28.5%
vs 37.4% median
-24% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
KIM KIM Kimco Realty Corporation | $15.9B | 30.5x | +6.1% | 28.5% | Hold | +3.0% |
REG REG Regency Centers Corporation | $14.4B | 32.5x | +4.0% | 37.4% | Buy | +1.6% |
FRT FRT Federal Realty Investment Trust | $10.0B | 39.9x | +6.5% | 32.1% | Buy | -3.1% |
SIT SITC SITE Centers Corp. | $294M | — | -28.6% | 72.1% | Hold | +42.6% |
BRX BRX Brixmor Property Group Inc. | $9.2B | 29.8x | +5.2% | 32.0% | Buy | +2.9% |
AKR AKR Acadia Realty Trust | $2.9B | 78.4x | +9.2% | 37.7% | Buy | -6.8% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
KIM Dividend and Capital Return
KIM returns 5.3% total yield, led by a 4.50% dividend. Buybacks add another 0.8%.
Dividend SustainableFCF Stretched
Total Shareholder Yield
5.3%
Dividend + buyback return per year
Buyback Yield
0.8%
Dividend Yield
4.50%
Payout Ratio
1.2%
How KIM Splits Its Return
Div 4.50%
Dividend 4.50%Buybacks 0.8%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.06
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
6.3%
5Y Div CAGR
13.3%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$124M
Estimated Shares Retired
5M
Approx. Share Reduction
0.8%
Shares Outstanding
Current diluted share count from the screening snapshot
674M
At 0.8%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.52 | — | — | — |
| 2025 | $1.01 | +4.1% | 0.9% | 6.1% |
| 2024 | $0.97 | -4.9% | 0.0% | 4.4% |
| 2023 | $1.02 | +21.4% | 0.0% | 5.0% |
| 2022 | $0.84 | +23.5% | 0.0% | 4.2% |
FAQ
7 questionsKIM Investor Questions
Common questions answered from live analyst data and company financials.
01Is Kimco Realty Corporation (KIM) stock a buy or sell in 2026?
Kimco Realty Corporation (KIM) is rated Hold by Wall Street analysts as of 2026. Of 36 analysts covering the stock, 13 rate it Buy or Strong Buy, 23 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $24, implying +3.0% from the current price of $24. The bear case scenario is $22 and the bull case is $59.
02What is the KIM stock price target for 2026?
The Wall Street consensus price target for KIM is $24 based on 36 analyst estimates. The high-end target is $26 (+10.5% from today), and the low-end target is $21 (-10.8%). The base case model target is $26.
03Is Kimco Realty Corporation (KIM) stock overvalued in 2026?
KIM trades at 30.5x times forward earnings. The stock's valuation is broadly in line with the broader market. Based on current multiples versus the peer group, the relative model signals fairly valued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Kimco Realty Corporation (KIM) stock in 2026?
The primary risks for KIM in 2026 are: (1) Interest Rate Sensitivity — Elevated interest rates increase refinancing costs, potentially leading to expanded cap rates and reduced asset valuations. (2) Retail Tenant Performance — The company's performance is closely tied to the economic conditions of the retail space market. (3) Economic and Market Conditions — Adverse global market and economic conditions can impede income generation and property maintenance. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Kimco Realty Corporation's revenue and earnings forecast?
Analyst consensus estimates KIM will report consensus revenue of $2.3B (+6.1% year-over-year) and EPS of $0.88 (-3.6% year-over-year) for the upcoming fiscal year. The following year, analysts project $2.5B in revenue.
06When does Kimco Realty Corporation (KIM) report its next earnings?
A confirmed upcoming earnings date for KIM is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Kimco Realty Corporation generate?
Kimco Realty Corporation (KIM) generated $844M in free cash flow over the trailing twelve months — a free cash flow margin of 39.0%. KIM returns capital to shareholders through dividends (4.5% yield) and share repurchases ($124M TTM).