The company maintains a manageable 0.79 debt-to-equity ratio, though the $8.3 billion total debt load warrants careful monitoring regarding interest rate sensitivity.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 19.59B | 19.69B | 20.31B | 18.27B | 17.83B | 18.46B | 11.61B | 11B | 11B | 11.76B | 11.23B | 11.34B | 10.29B | 9.66B | 9.74B | 9.61B | 9.83B | 10.16B | 9.4B | 9.1B | 7.87B | 5.53B | 4.75B | 4.6B | 3.76B | 3.38B | 3.17B | 3.01B | 3.05B | 1.34B | 1.02B |
| Asset Growth % | -3.54% | -3.06% | 11.14% | 2.51% | -3.43% | 58.93% | 5.61% | -0.01% | -6.5% | 4.75% | -1% | 10.29% | 6.44% | -0.79% | 1.31% | -2.23% | -3.23% | 8.14% | 3.29% | 15.61% | 42.18% | 16.53% | 3.16% | 22.55% | 10.99% | 6.73% | 5.45% | -1.43% | 127.04% | 31.42% | 15.65% |
| Real Estate & Other Assets | -18.1B | 371.62M | 17.15B | 15.49B | 15.44B | 15.38B | 9.58B | 9.77B | 9.91B | 10.6B | 10.16B | 9.99B | 8.43B | 7.73B | 7.58B | 382.07M | 362.45M | 380.76M | 181.99M | 153.85M | -6.71B | -4.84B | -4.24B | -4.21B | -3.39B | -3.03B | -2.94B | -2.82B | -2.85B | -1.22B | -925.64M |
| PP&E (Net) | 127.63M | 127.6M | 126.44M | 128.26M | 133.73M | 147.46M | 102.37M | 99.13M | 9.27B | 9.9B | 9.39B | 9.06B | 7.74B | 6.99B | 6.96B | 7.08B | 7.04B | 7.54B | 6.66B | 6.35B | 5.19B | 3.82B | 3.46B | 3.57B | 2.88B | 2.75B | 2.72B | 2.63B | 2.77B | 1.2B | 891.5M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 590.05M | 965.69M | 1.03B | 1.42B | 1.05B | 1.8B | 1.22B | 351.99M | 328.11M | 463.37M | 355.61M | 396.18M | 523.96M | 406.1M | 420.66M | 413.45M | 626.73M | 606.26M | 828.2M | 734.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 169.6M | 212.79M | 688.62M | 780.52M | 146.97M | 325.63M | 292.95M | 123.95M | 143.58M | 238.51M | 142.49M | 189.53M | 187.32M | 148.77M | 141.88M | 112.88M | 125.15M | 122.06M | 136.18M | 87.5M | 345.06M | 76.27M | 0 | 0 | 0 | 0 | 19.1M | 28.08M | 43.92M | 30.98M | 37.43M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 1.11M | 3.24M | 2.86M | 9.03M | 235K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147.05M | 161M | 340.11M | 345.94M | -793.81M | -479.73M | -316.67M | -197.78M | -216.03M | -131.07M | -63.77M | -59.77M | -75.74M | -47.18M | -50.95M |
| Intangible Assets | 318.55M | 0 | 403.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 9.04B | 9.12B | 9.46B | 8.55B | 8.09B | 8.34B | 5.93B | 6.05B | 5.56B | 6.23B | 5.74B | 6.08B | 5.29B | 4.81B | 4.73B | 4.64B | 4.58B | 5.04B | 5.08B | 4.76B | 4.08B | 3.02B | 2.41B | 2.37B | 1.76B | 1.49B | 1.45B | 1.39B | 1.45B | 596.04M | 412.6M |
| Total Debt | 8.31B | 8.64B | 8.58B | 7.73B | 7.27B | 7.6B | 5.45B | 5.41B | 4.87B | 5.48B | 5.07B | 5.38B | 4.6B | 4.22B | 4.2B | 4.11B | 4.03B | 4.39B | 4.56B | 4.22B | 2.75B | 2.15B | 2.12B | 2.15B | 1.53B | 1.33B | 1.08B | 1.25B | 1.29B | 531.7M | 364.7M |
| Net Debt | 8.14B | 8.43B | 7.89B | 6.95B | 7.12B | 7.27B | 5.16B | 5.28B | 4.73B | 5.24B | 4.92B | 5.19B | 4.41B | 4.07B | 4.05B | 4B | 3.9B | 4.27B | 4.42B | 4.13B | 2.4B | 2.07B | 2.12B | 2.15B | 1.53B | 1.33B | 1.06B | 1.22B | 1.25B | 500.72M | 327.27M |
| Long-Term Debt | 8.18B | 7.3B | 8.46B | 7.62B | 7.16B | 7.48B | 5.36B | 5.32B | 4.87B | 5.48B | 5.07B | 5.38B | 4.6B | 4.22B | 4.2B | 4.07B | 4.03B | 4.43B | 3.44B | 4.22B | 2.75B | 2.15B | 2.12B | 2.15B | 1.53B | 1.33B | 1.08B | 1.25B | 1.29B | 531.7M | 364.7M |
| Short-Term Borrowings | 0 | 893.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 806.55M | 442.56M | 117.2M | 109.98M | 113.68M | 123.78M | 96.62M | 92.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 893.75M | 288.28M | 221.54M | 213.14M | 225.67M | 151.82M | 296.36M | 305.17M | 314.59M | 270.27M | 265.24M | 240.65M | 228.79M | 208.4M | 217.7M | 273.77M | 265.2M | 519.91M | 538.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 0 | 281.87M | 216.24M | 207.81M | 220.31M | 146.46M | 170.08M | 174.9M | 185.7M | 145.75M | 150.06M | 129.51M | 124.29M | 111.88M | 125.54M | 184.74M | 188.49M | 151.24M | 161.53M | 1B | 585.23M | 607.65M | 560.94M | 369.52M | 361.15M | 309.44M | 277.27M | 500.49M | 155.65M | 76.39M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 734.54M | 473.94M | 597.46M | 599.96M | 601.57M | 510.38M | 324.54M | 346.18M | 385.33M | 431.92M | 404.14M | 433.96M | 431.53M | 357.76M | 333.96M | 321.46M | 275.02M | 311.04M | 115.85M | 0 | -2.75B | -2.15B | -2.12B | -2.15B | -1.53B | -1.33B | -1.08B | -1.25B | -1.29B | -531.7M | -364.7M |
| Total Equity | 10.55B | 10.57B | 10.85B | 9.73B | 9.74B | 10.12B | 5.69B | 4.95B | 5.43B | 5.54B | 5.49B | 5.27B | 4.99B | 4.86B | 5.01B | 4.98B | 5.26B | 5.12B | 4.32B | 4.34B | 3.79B | 2.51B | 2.34B | 2.24B | 2B | 1.9B | 1.72B | 1.62B | 1.6B | 747.85M | 609.96M |
| Equity Growth % | -6.67% | -2.56% | 11.52% | -0.14% | -3.79% | 78.04% | 14.94% | -8.98% | -1.87% | 0.88% | 4.2% | 5.52% | 2.83% | -3.15% | 0.77% | -5.35% | 2.7% | 18.46% | -0.51% | 14.52% | 51.08% | 7.12% | 4.81% | 11.72% | 5.42% | 10.24% | 6.39% | 1.29% | 113.68% | 22.61% | 35.1% |
| Shareholders Equity | 10.39B | 10.39B | 10.65B | 9.53B | 9.52B | 9.9B | 5.61B | 4.86B | 5.33B | 5.39B | 5.26B | 5.05B | 4.77B | 4.63B | 4.77B | 4.69B | 4.94B | 4.85B | 3.98B | 3.89B | 3.37B | 2.39B | 2.24B | 2.14B | 1.91B | 1.89B | 1.71B | 1.61B | 1.59B | 743.32M | 605.3M |
| Minority Interest | 156.7M | 176.04M | 193.24M | 200.27M | 224.33M | 224.27M | 77.99M | 81.96M | 100.93M | 144.05M | 233.69M | 222.36M | 218.46M | 223.26M | 248.4M | 288.83M | 320.5M | 265M | 345.24M | 448.16M | 425.24M | 122.84M | 106.89M | 99.92M | 93.94M | 8.38M | 13.77M | 13.13M | 12.96M | 4.53M | 4.66M |
| Common Stock | 6.74M | 6.74M | 6.79M | 6.2M | 6.18M | 6.17M | 4.33M | 4.32M | 4.21M | 4.26M | 4.25M | 4.13M | 4.12M | 4.1M | 4.08M | 4.07M | 4.06M | 4.05M | 2.71M | 2.53M | 2.51M | 2.28M | 1.12M | 1.11M | 1.05M | 1.03M | 631K | 608K | 601.34K | 403.95K | 362.15K |
| Additional Paid-in Capital | 10.93B | 10.92B | 11.03B | 9.64B | 9.62B | 9.59B | 5.77B | 5.77B | 6.12B | 6.15B | 5.92B | 5.61B | 5.73B | 5.69B | 5.65B | 5.49B | 5.47B | 5.28B | 4.22B | 3.68B | 3.18B | 2.26B | 2.2B | 2.15B | 1.98B | 1.98B | 1.82B | 1.73B | 1.71B | 857.66M | 719.6M |
| Retained Earnings | -546.71M | -528.73M | -398.79M | -122.58M | -119.55M | 299.12M | -162.81M | -904.68M | -787.71M | -761.34M | -676.87M | -572.34M | -1.01B | -996.06M | -824.01M | -703M | -515.16M | -338.74M | -58.16M | 180M | 140.51M | 59.85M | -3.75M | -30.11M | -85.37M | -93.13M | -113.11M | -122.96M | -124.18M | -115.64M | -115.09M |
| Preferred Stock | 21K | 21K | 21K | 19K | 19K | 20K | 20K | 20K | 43K | 41K | 32K | 32K | 102K | 102K | 102K | 954K | 954K | 884K | 884K | 884K | 700K | 700K | 700K | 700K | 900K | 992K | 1.32M | 1.33M | 1.33M | 900K | 700K |
| Return on Assets (ROA) | 3.12% | 2.92% | 2.13% | 3.62% | 0.69% | 5.61% | 8.85% | 3.73% | 4.37% | 3.71% | 3.36% | 8.27% | 4.25% | 2.44% | 2.75% | 1.74% | 1.43% | -0.04% | 2.7% | 5.22% | 6.39% | 7.07% | 6.35% | 7.36% | 6.88% | 7.22% | 6.64% | 5.84% | 5.56% | 7.24% | 7.74% |
| Return on Equity (ROE) | 5.81% | 5.46% | 3.99% | 6.72% | 1.27% | 10.68% | 18.83% | 7.91% | 9.07% | 7.73% | 7.04% | 17.43% | 8.61% | 4.79% | 5.33% | 3.3% | 2.76% | -0.08% | 5.77% | 10.89% | 13.59% | 14.98% | 12.98% | 14.53% | 12.6% | 13.07% | 12.27% | 10.99% | 10.42% | 12.62% | 13.91% |
| Debt / Assets | 42.41% | 43.89% | 42.24% | 42.28% | 40.79% | 41.17% | 46.94% | 49.18% | 44.31% | 46.57% | 45.11% | 47.39% | 44.68% | 43.68% | 43.07% | 42.79% | 40.97% | 43.19% | 48.49% | 46.35% | 34.92% | 38.8% | 44.61% | 46.81% | 40.81% | 39.24% | 34.06% | 41.55% | 42.27% | 39.56% | 35.67% |
| Debt / Equity | 0.79x | 0.82x | 0.79x | 0.79x | 0.75x | 0.75x | 0.96x | 1.09x | 0.90x | 0.99x | 0.92x | 1.02x | 0.92x | 0.87x | 0.84x | 0.83x | 0.77x | 0.86x | 1.05x | 0.97x | 0.72x | 0.86x | 0.90x | 0.96x | 0.77x | 0.70x | 0.63x | 0.77x | 0.81x | 0.71x | 0.60x |
| Net Debt / EBITDA | 5.82x | 6.14x | 6.40x | 6.06x | 6.76x | 8.87x | 8.66x | 7.00x | 5.30x | 6.62x | 6.57x | 7.54x | 7.56x | 8.03x | 7.24x | 7.28x | 8.18x | 8.84x | 9.31x | 10.49x | 6.73x | 7.37x | 5.16x | 4.87x | 3.57x | 3.79x | 3.11x | 3.79x | 5.03x | 3.44x | 2.61x |
| Book Value per Share | 15.67 | 15.68 | 16.14 | 15.73 | 15.76 | 19.80 | 13.17 | 11.73 | 12.90 | 13.06 | 13.08 | 12.76 | 12.15 | 11.88 | 12.33 | 12.20 | 12.94 | 14.62 | 16.69 | 16.89 | 15.50 | 10.87 | 10.32 | 10.28 | 8.63 | 8.51 | 9.26 | 8.89 | 7.12 | 5.18 | 5.68 |
Mixed-use development execution risk
According to reported financial statements, Kimco's total assets have remained relatively stable at $19.6 billion as of 2026Q1, suggesting that the company's recent growth trajectory is driven more by internal asset optimization and redevelopment rather than aggressive, debt-fueled expansion into new geographic markets.
The stability in total assets indicates a disciplined approach to capital allocation, focusing on the densification of existing high-traffic footprints. This strategy appears to prioritize the enhancement of existing property yields over the risks associated with rapid portfolio scaling.
Based on reported figures, Kimco's total debt reached $8.3 billion in 2026Q1, and while the reported debt-to-equity ratio of 0.79 suggests a manageable leverage profile, investors should monitor the potential for volatility in interest expense as the company manages its maturity ladder.
The reported debt-to-equity figures require careful interpretation, as they may not fully capture the pro-rata share of joint venture obligations. A focus on net debt to EBITDA remains the most prudent way to assess the company's true leverage capacity in the current interest rate environment.
As reported in recent filings, Kimco maintained cash reserves of $169.6 million in 2026Q1, providing a necessary liquidity buffer to fund ongoing tenant improvements and the capital-intensive requirements of its Signature Series redevelopment projects during periods of market uncertainty.
This liquidity position appears sufficient to cover immediate operational needs, though the company's reliance on external financing for large-scale mixed-use projects remains a factor to watch. The ability to maintain this cash cushion while funding development suggests a balanced approach to capital preservation.
Based on an analysis of the balance sheet, the primary non-obvious risk lies in the potential for off-balance-sheet joint venture debt to amplify leverage, which may not be immediately apparent in the headline debt-to-equity ratios provided in standard quarterly summaries.
Investors should be cautious of the potential for these unconsolidated liabilities to impact the company's overall risk profile. A deeper look into the specific debt covenants of these joint ventures is warranted to fully understand the potential for future capital calls or refinancing pressures.
Quick answers to the most common questions about buying KIM stock.
As of 2025, Kimco Realty Corporation (KIM) had total assets of $19.69B including $965.7M in current assets.
Kimco Realty Corporation (KIM) carries total debt of $8.64B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Kimco Realty Corporation (KIM) has total shareholders' equity (book value) of $10.39B ($15.68 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Kimco Realty Corporation (KIM) reported a current ratio of 1.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.