Latest Ratios: P/E Ratio 22.8x · EV/EBITDA 17.2x · ROE 5.5%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $17.2B | $13.7B | $15.7B | $13.2B | $13.1B | $12.6B | $6.5B | $8.7B | $6.2B | $7.7B | $10.6B |
| Enterprise Value | $25.6B | $22.1B | $23.6B | $20.1B | $20.2B | $19.9B | $11.6B | $14.0B | $10.9B | $12.9B | $15.5B |
| P/E Ratio → | 22.82 | 24.42 | 42.60 | 20.89 | 132.38 | 15.41 | 6.67 | 27.61 | 12.42 | 20.86 | 31.85 |
| P/S Ratio | 7.83 | 6.39 | 7.73 | 7.39 | 7.57 | 9.24 | 6.12 | 7.54 | 5.30 | 6.41 | 9.02 |
| P/B Ratio | 1.63 | 1.29 | 1.45 | 1.35 | 1.34 | 1.25 | 1.14 | 1.77 | 1.14 | 1.39 | 1.92 |
| P/FCF | 18.95 | 17.69 | 23.12 | 16.32 | 15.20 | 20.37 | 10.98 | 14.97 | 9.68 | 12.53 | 17.83 |
| P/OCF | 15.37 | 12.20 | 15.66 | 12.29 | 15.20 | 20.37 | 10.98 | 14.97 | 9.68 | 12.53 | 17.83 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.32 | 11.60 | 11.28 | 11.70 | 14.57 | 11.00 | 12.10 | 9.36 | 10.77 | 13.23 |
| EV / EBITDA | 17.19 | 16.38 | 19.17 | 17.56 | 18.88 | 24.25 | 18.72 | 18.56 | 12.21 | 16.34 | 20.67 |
| EV / EBIT | 34.07 | 22.02 | 35.87 | 22.50 | 35.36 | 20.94 | 34.97 | 28.65 | 18.71 | 29.96 | 43.81 |
| EV / FCF | — | 28.60 | 34.70 | 24.93 | 23.47 | 32.12 | 19.73 | 24.02 | 17.09 | 21.06 | 26.15 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.7% | 54.7% | 68.7% | 68.8% | 69.3% | 69.4% | 67.6% | 70.9% | 71.8% | 74.1% | 74.5% |
| Operating Margin | 35.2% | 35.2% | 30.9% | 35.8% | 32.7% | 31.1% | 31.4% | 41.2% | 50.0% | 35.9% | 33.6% |
| Net Profit Margin | 27.3% | 27.3% | 20.2% | 36.7% | 7.3% | 61.9% | 94.6% | 35.4% | 42.7% | 35.5% | 32.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.5% | 5.5% | 4.0% | 6.7% | 1.3% | 10.7% | 18.8% | 7.9% | 9.1% | 7.7% | 7.0% |
| ROA | 2.9% | 2.9% | 2.1% | 3.6% | 0.7% | 5.6% | 8.9% | 3.7% | 4.4% | 3.7% | 3.4% |
| ROIC | 3.0% | 3.0% | 2.7% | 2.9% | 2.5% | 2.3% | 2.4% | 3.5% | 4.2% | 3.1% | 2.8% |
| ROCE | 3.9% | 3.9% | 3.3% | 3.6% | 3.2% | 2.9% | 3.0% | 4.5% | 5.3% | 3.8% | 3.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.82 | 0.79 | 0.79 | 0.75 | 0.75 | 0.96 | 1.09 | 0.90 | 0.99 | 0.92 |
| Debt / EBITDA | 6.41 | 6.41 | 6.96 | 6.74 | 6.79 | 9.27 | 8.77 | 7.16 | 5.46 | 6.92 | 6.76 |
| Net Debt / Equity | — | 0.80 | 0.73 | 0.71 | 0.73 | 0.72 | 0.91 | 1.07 | 0.87 | 0.95 | 0.90 |
| Net Debt / EBITDA | 6.25 | 6.25 | 6.40 | 6.06 | 6.66 | 8.87 | 8.30 | 7.00 | 5.30 | 6.62 | 6.57 |
| Debt / FCF | — | 10.91 | 11.58 | 8.61 | 8.27 | 11.75 | 8.75 | 9.05 | 7.41 | 8.53 | 8.32 |
| Interest Coverage | 2.46 | 2.46 | 2.14 | 3.57 | 2.52 | 4.65 | 1.78 | 2.76 | 3.18 | 2.25 | 1.84 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.08 | 1.08 | 3.58 | 6.42 | 4.93 | 7.98 | 8.03 | 1.19 | 1.08 | 1.47 | 1.32 |
| Quick Ratio | 1.08 | 1.08 | 3.58 | 6.42 | 4.93 | 7.98 | 8.03 | 1.19 | 1.08 | 1.47 | 1.32 |
| Cash Ratio | 0.24 | 0.24 | 2.40 | 5.01 | 3.49 | 6.81 | 6.59 | 0.45 | 0.47 | 0.80 | 0.56 |
| Asset Turnover | — | 0.11 | 0.10 | 0.10 | 0.10 | 0.07 | 0.09 | 0.11 | 0.11 | 0.10 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.2% | 5.2% | 4.4% | 5.0% | 4.2% | 3.0% | 5.9% | 6.1% | 8.6% | 6.6% | 4.5% |
| Payout Ratio | 122.3% | 122.3% | 167.0% | 100.5% | 432.4% | 45.3% | 38.0% | 129.5% | 106.4% | 118.8% | 125.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 4.1% | 2.3% | 4.8% | 0.8% | 6.5% | 15.0% | 3.6% | 8.1% | 4.8% | 3.1% |
| FCF Yield | 5.3% | 5.7% | 4.3% | 6.1% | 6.6% | 4.9% | 9.1% | 6.7% | 10.3% | 8.0% | 5.6% |
| Buyback Yield | 0.7% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.6% | 1.2% | 2.9% | 0.0% |
| Total Shareholder Yield | 4.9% | 6.1% | 4.4% | 5.0% | 4.2% | 3.0% | 5.9% | 12.7% | 9.8% | 9.5% | 4.5% |
| Shares Outstanding | — | $674M | $672M | $618M | $618M | $511M | $432M | $422M | $421M | $424M | $420M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KIM stock.
Kimco Realty Corporation's current P/E ratio is 22.8x. The historical average is 30.3x. This places it at the 52th percentile of its historical range.
Kimco Realty Corporation's current EV/EBITDA is 17.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.7x.
Kimco Realty Corporation's return on equity (ROE) is 5.5%. The historical average is 9.3%.
Based on historical data, Kimco Realty Corporation is trading at a P/E of 22.8x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kimco Realty Corporation's current dividend yield is 4.15% with a payout ratio of 122.3%.
Kimco Realty Corporation has 54.7% gross margin and 35.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Kimco Realty Corporation's Debt/EBITDA ratio is 6.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Refinancing exposure under elevated rates
Metrics are mathematically derived from official filings.
Premium Multiple Lacks Reported FFO Support
Based on reported figures, KIM trades at a P/E of 30.88 and EV/EBITDA of 18.74, yet P/FFO and P/AFFO are unavailable, which limits direct comparison against REIT-appropriate cash earnings metrics. Quarterly data implies a P/FFO near 15.4x, well below the trailing P/E, indicating that standard earnings multiples materially overstate the valuation for this REIT.
The gap between the 30.88 P/E and the roughly 15.4x P/FFO implied by the quarterly ratio table reflects depreciation depressing GAAP earnings, so P/E should not be used to judge KIM's price. The implied P/FFO sits near the top of the peer range relative to REG and BRX, which suggests the market is pricing in the operational momentum highlighted in recent results. Investors should monitor whether FFO growth sustains this multiple, since the implied cap rate is not directly reported and cannot be verified from the supplied data.
Payout Coverage Improved Recently but Volatile
As reported in the quarterly ratio data, KIM's FFO payout ratio fell to 44.7% in 2026Q3 from 60.5% in 2026Q2, while AFFO-based coverage improved as well. The 4.1% dividend yield therefore appears supported on a near-term basis, though the swing across quarters tempers confidence in its durability.
A 44.7% FFO payout leaves meaningful retained cash flow, but the prior several quarters clustered between 55% and 63%, suggesting the recent improvement may be partly timing-driven. AFFO per share moved from 0.28 to 0.50 over two quarters with 2026Q1 unavailable, so the coverage signal rests on a thin sequence of data points. Investors should monitor whether the payout settles below 50% across multiple quarters before treating the dividend as structurally safe.
Stable Debt Ratio Masks Refinancing Pressure
According to the supplied quarterly figures, KIM's debt-to-equity ratio held in a narrow 0.72 to 0.84 band over ten quarters, while interest coverage ranged from 1.87x to 3.37x. The stability in leverage is encouraging, but the thin coverage in several quarters warrants caution given refinancing needs.
The reported D/E of roughly 0.83 is a book-value measure and is not a reliable indicator for a REIT, where debt-to-gross-assets is the appropriate metric and is not provided here. Interest coverage below 2.5x in multiple quarters suggests sensitivity to a rising rate environment as maturing debt reprices. Investors should monitor the maturity schedule and fixed-rate share, since the supplied data does not disclose these directly.
NOI Margin Steady Despite Growing Revenue
Based on the reported quarterly ratio data, KIM's NOI margin held between roughly 68% and 70% across most periods, while FFO per share rose from 0.40 to 0.65 over ten quarters. The consistency of property-level margins suggests operating efficiency is holding even as the top line expands.
Stable NOI margins alongside rising FFO per share point toward organic contribution rather than purely dilutive acquisition activity, though the supplied data does not isolate same-store NOI growth to confirm this. The 2025Q4 margin reading of 11.3% is an apparent data anomaly rather than an operating event and should be excluded from trend interpretation. Net margin figures from peers such as SITC and AKR are distorted and should not anchor comparison.
P/E Misapplied to a Depreciation-Heavy REIT
The most commonly misapplied ratio for KIM is trailing P/E, which at 30.88 overstates valuation because real estate depreciation depresses GAAP earnings. Using P/FFO or P/AFFO instead gives a substantially lower multiple of roughly 15.4x, changing the interpretation of whether the stock is expensive.
Standard P/E treats depreciation as an economic cost even though well-maintained retail properties may hold or appreciate in value, which systematically understates REIT earnings power. Relying on P/E would lead an analyst to conclude KIM is overvalued relative to retail peers, when on FFO-based measures it trades in line with REG and BRX. The appropriate adjustment is to use P/FFO, adjusted for recurring capital expenditures through AFFO, and to cross-check against implied cap rates once NOI and enterprise value are reconciled.