30 years of historical data (1995–2024) · Real Estate · REIT - Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kimco Realty Corporation trades at 42.8x earnings, roughly in line with its 5-year average of 43.6x, sitting at the 83rd percentile of its historical range. Compared to the Real Estate sector median P/E of 23.4x, the stock trades at a premium of 83%. On a free-cash-flow basis, the stock trades at 23.5x P/FCF, 37% above the 5-year average of 17.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.0B | $15.7B | $13.2B | $13.1B | $12.6B | $6.5B | $8.7B | $6.2B | $7.7B | $10.6B | $10.9B |
| Enterprise Value | $23.9B | $23.6B | $20.1B | $20.2B | $19.9B | $11.6B | $14.0B | $10.9B | $12.9B | $15.5B | $16.1B |
| P/E Ratio → | 42.82 | 42.60 | 20.89 | 132.38 | 15.41 | 6.67 | 27.61 | 12.42 | 20.86 | 31.85 | 13.23 |
| P/S Ratio | 7.86 | 7.73 | 7.39 | 7.57 | 9.24 | 6.12 | 7.54 | 5.30 | 6.41 | 9.02 | 9.36 |
| P/B Ratio | 1.46 | 1.45 | 1.35 | 1.34 | 1.25 | 1.14 | 1.77 | 1.14 | 1.39 | 1.92 | 2.07 |
| P/FCF | 23.49 | 23.12 | 16.32 | 15.20 | 20.37 | 10.98 | 14.97 | 9.68 | 12.53 | 17.83 | 12.59 |
| P/OCF | 15.91 | 15.66 | 12.29 | 15.20 | 20.37 | 10.98 | 14.97 | 9.68 | 12.53 | 17.83 | 22.13 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kimco Realty Corporation's enterprise value stands at 19.4x EBITDA, roughly in line with its 5-year average of 19.9x. The Real Estate sector median is 13.6x, placing the stock at a 42% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.60 | 11.28 | 11.70 | 14.57 | 11.00 | 12.10 | 9.36 | 10.77 | 13.23 | 13.81 |
| EV / EBITDA | 19.38 | 19.17 | 17.56 | 19.19 | 24.25 | 19.53 | 18.56 | 12.21 | 16.34 | 20.67 | 23.41 |
| EV / EBIT | 37.98 | 35.87 | 22.50 | 35.36 | 20.94 | 34.97 | 28.65 | 18.71 | 29.96 | 43.81 | 41.54 |
| EV / FCF | — | 34.70 | 24.93 | 23.47 | 32.12 | 19.73 | 24.02 | 17.09 | 21.06 | 26.15 | 18.57 |
Margins and return-on-capital ratios measuring operating efficiency
Kimco Realty Corporation earns an operating margin of 30.9%, above the Real Estate sector average of 22.0%. Operating margins have compressed from 32.7% to 30.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.0% is modest. ROIC of 2.7% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.7% | 68.7% | 68.8% | 69.3% | 69.4% | 67.6% | 70.9% | 71.8% | 74.1% | 74.5% | 73.9% |
| Operating Margin | 30.9% | 30.9% | 35.8% | 32.7% | 31.1% | 31.4% | 41.2% | 50.0% | 35.9% | 33.6% | 29.4% |
| Net Profit Margin | 20.2% | 20.2% | 36.7% | 7.3% | 61.9% | 94.6% | 35.4% | 42.7% | 35.5% | 32.4% | 76.6% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.0% | 4.0% | 6.7% | 1.3% | 10.7% | 18.8% | 7.9% | 9.1% | 7.7% | 7.0% | 17.4% |
| ROA | 2.1% | 2.1% | 3.6% | 0.7% | 5.6% | 8.9% | 3.7% | 4.4% | 3.7% | 3.4% | 8.3% |
| ROIC | 2.7% | 2.7% | 2.9% | 2.5% | 2.3% | 2.4% | 3.5% | 4.2% | 3.1% | 2.8% | 2.6% |
| ROCE | 3.3% | 3.3% | 3.6% | 3.2% | 2.9% | 3.0% | 4.5% | 5.3% | 3.8% | 3.6% | 3.3% |
Solvency and debt-coverage ratios — lower is generally safer
Kimco Realty Corporation carries a Debt/EBITDA ratio of 7.0x, which is highly leveraged (roughly in line with the sector average of 6.7x). Net debt stands at $7.9B ($8.6B total debt minus $689M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.79 | 0.79 | 0.79 | 0.75 | 0.75 | 0.96 | 1.09 | 0.90 | 0.99 | 0.92 | 1.02 |
| Debt / EBITDA | 6.96 | 6.96 | 6.74 | 6.90 | 9.27 | 9.15 | 7.16 | 5.46 | 6.92 | 6.76 | 7.81 |
| Net Debt / Equity | — | 0.73 | 0.71 | 0.73 | 0.72 | 0.91 | 1.07 | 0.87 | 0.95 | 0.90 | 0.98 |
| Net Debt / EBITDA | 6.40 | 6.40 | 6.06 | 6.76 | 8.87 | 8.66 | 7.00 | 5.30 | 6.62 | 6.57 | 7.54 |
| Debt / FCF | — | 11.58 | 8.61 | 8.27 | 11.75 | 8.75 | 9.05 | 7.41 | 8.53 | 8.32 | 5.98 |
| Interest Coverage | 2.04 | 2.04 | 2.55 | 2.49 | 2.08 | 1.78 | 2.69 | 3.18 | 2.25 | 2.04 | 1.57 |
Short-term solvency ratios and asset-utilisation metrics
Kimco Realty Corporation's current ratio of 3.58x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.93x to 3.58x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.58 | 3.58 | 6.42 | 4.93 | 7.98 | 8.03 | 1.19 | 1.08 | 1.47 | 1.32 | 1.49 |
| Quick Ratio | 3.58 | 3.58 | 6.42 | 4.93 | 7.98 | 8.03 | 1.19 | 1.08 | 1.47 | 1.32 | 1.49 |
| Cash Ratio | 2.40 | 2.40 | 5.01 | 3.49 | 6.81 | 6.59 | 0.45 | 0.47 | 0.80 | 0.56 | 0.74 |
| Asset Turnover | — | 0.10 | 0.10 | 0.10 | 0.07 | 0.09 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kimco Realty Corporation returns 4.3% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 167.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 4.4% | 5.0% | 4.2% | 3.0% | 5.9% | 6.1% | 8.6% | 6.6% | 4.5% | 4.2% |
| Payout Ratio | 167.0% | 167.0% | 100.5% | 432.4% | 45.3% | 38.0% | 129.5% | 106.4% | 118.8% | 125.1% | 51.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.3% | 2.3% | 4.8% | 0.8% | 6.5% | 15.0% | 3.6% | 8.1% | 4.8% | 3.1% | 7.6% |
| FCF Yield | 4.3% | 4.3% | 6.1% | 6.6% | 4.9% | 9.1% | 6.7% | 10.3% | 8.0% | 5.6% | 7.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.6% | 1.2% | 2.9% | 0.0% | 1.6% |
| Total Shareholder Yield | 4.3% | 4.4% | 5.0% | 4.2% | 3.0% | 5.9% | 12.7% | 9.8% | 9.5% | 4.5% | 5.8% |
| Shares Outstanding | — | $672M | $618M | $618M | $511M | $432M | $422M | $421M | $424M | $420M | $413M |
Compare KIM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| KIMYou | $16B | 42.8 | 19.4 | 23.5 | 68.7% | 30.9% | 4.0% | 2.7% | 7.0 |
| REG | $14B | 37.4 | 14.4 | 18.2 | 71.2% | 64.4% | 5.7% | 6.1% | 3.7 |
| BRX | $9B | 24.2 | 9.9 | 14.2 | 87.0% | 35.2% | 12.9% | 6.8% | — |
| KRG | $5B | 18.9 | 15.3 | 19.6 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
| PECO | $5B | 77.0 | 10.6 | 20.6 | 71.2% | 64.3% | 2.4% | 6.7% | 3.2 |
| CURB | $3B | 75.2 | 31.0 | 27.3 | 35.7% | 16.6% | 2.1% | 1.3% | 5.4 |
| IVT | $2B | 22.0 | 18.6 | 15.6 | -14.1% | 17.2% | 6.3% | 1.5% | 5.4 |
| BFS | $835M | 20.9 | 13.7 | 6.9 | 73.2% | 45.1% | 10.1% | 4.7% | 8.9 |
| WSR | $770M | -63.3 | 15.7 | 15.2 | 68.8% | 33.3% | 11.0% | 3.7% | 7.2 |
| SITC | $323M | 1.8 | 0.9 | 16.5 | — | 171.7% | 41.8% | 27.2% | — |
| CDR-PB | $260M | 135.3 | 17.0 | — | 61.4% | 39.5% | 7.0% | 5.3% | 6.4 |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how KIM stacks up against sector leader Regency Centers Corporation.
Start ComparisonKimco Realty Corporation's current P/E ratio is 42.8x. The historical average is 30.2x. This places it at the 83th percentile of its historical range.
Kimco Realty Corporation's current EV/EBITDA is 19.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.4x.
Kimco Realty Corporation's return on equity (ROE) is 4.0%. The historical average is 9.6%.
Based on historical data, Kimco Realty Corporation is trading at a P/E of 42.8x. This is at the 83th 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 4.33% with a payout ratio of 167.0%.
Kimco Realty Corporation has 68.7% gross margin and 30.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Kimco Realty Corporation's Debt/EBITDA ratio is 7.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.