Start here if you're new
what it is
Kimco owns and operates open-air shopping centers across North America.
how it gets paid
Last year Kimco Realty made $2.1B in revenue. open-air shopping center rents was the main engine at $1.53B, or 73% of sales.
why it's growing
Revenue grew 5.1% last year. $0.21 EPS mattered most because it beat the $0.18 estimate and kept the dividend story intact.
what just happened
Kimco posted $542.5M in quarterly revenue and beat EPS by 16.7%.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
35/100 earnings predictability — expect surprises
26.3x trailing p/e — priced about right
5.1% dividend yield — cash in your pocket every quarter
9.0% return on capital — nothing to write home about
xvary composite: 51/100 — below average
What they do
Kimco owns and operates open-air shopping centers across North America.
Kimco owns 568 shopping centers and 101.1 million square feet. That scale lets one tenant's rent get replaced across a huge portfolio. You are not betting on one mall.
How they make money
$2.1B
annual revenue · their business grew +5.1% last year
open-air shopping center rents
$1.53B
+5.0%
tenant reimbursements
$0.34B
+4.1%
mixed-use rents
$0.09B
+9.8%
redevelopment income
$0.08B
+11.5%
other income
$0.06B
flat
The products that matter
owns and leases retail properties
Shopping Center Rentals
$2.1B revenue · 100% of sales
it is the entire business. your $2.1B revenue line comes from physical shopping centers, and the 27.4% net margin tells you those centers still throw off real cash.
100% of revenue
Key numbers
$20.50
current price
You pay $20.50 for a stock with a 5.1% yield and a $25 target.
5.1%
dividend yield
This is the cash you collect while you wait. The market is paying you to hold the stock.
26.3x
trailing p/e
You are paying 26.3 times trailing earnings. That is rich for a REIT that still needs rates to behave.
$25
target price
The $25 target sits $4.50 above the current price. That is 22% upside before dividends.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 80 / 100
- net profit margin 60.7% — keeps 61 cents of every dollar in revenue
- return on equity 14% — $0.14 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in KIM 3 years ago → it's now worth $11,000.
The index would have given you $13,920.
source: institutional data · total return
What just happened
beat estimates
Kimco posted $542.5M in quarterly revenue and beat EPS by 16.7%.
Revenue topped the $538.3M consensus. EPS came in at $0.21 versus $0.18 expected, and occupancy improved.
$542.5M
revenue
$0.21
eps
69.4%
gross margin
the number that mattered
$0.21 EPS mattered most because it beat the $0.18 estimate and kept the dividend story intact.
source: company earnings report, 2026
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What could go wrong
the #1 risk is retail tenant failures hitting rent collections.
med
retail tenant failures
kimco gets paid when retailers stay open and pay rent on time. if consumer spending weakens and weaker tenants fail, occupancy and rental income take the hit first.
impact: this is the direct risk to the entire $2.1B revenue base.
med
interest rate sensitivity
REITs rely on external capital more than most businesses. higher rates can pressure financing costs, property values, and the multiple investors are willing to pay for a 5.1% yield.
impact: even if rent holds up, a harsher rate backdrop can compress the stock's valuation.
med
property value pressure
commercial real estate prices do not move in a straight line. if open-air retail cap rates rise, portfolio values can fall even when the properties are still occupied.
impact: lower asset values pressure sentiment, balance-sheet flexibility, and any future redevelopment math.
100% of kimco's $2.1B revenue comes from one basic fact: retail tenants need the space and can afford the rent.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings window
the next report matters because investors need to see whether FY2026 EPS can actually move from $0.78 toward the $0.90 estimate.
metric
FY2026 EPS estimate
$0.90 is the current expectation. if that slips back toward $0.78, the "modest growth" story starts looking like no-growth again.
risk
tenant health
listen for rent collection commentary, retailer stress, and any sign that weaker tenants are driving vacancies higher.
trend
institutional flow
three straight quarters of net buying helped the story. if that trend reverses, pay attention to what the bigger money is seeing.
Analyst rankings
short-term outlook
below average
momentum score 4 — in human-speak, analysts think this stock is more likely to lag than lead in the next stretch.
risk profile
average
stability score 3 — this sits in the middle of the pack on risk, not in the bunker-stock tier.
chart momentum
below average
technical score 4 — the tape is not giving you much help right now.
earnings predictability
35 / 100
earnings predictability is weak. plain english: quarterly numbers can wobble more than the yield story suggests.
source: institutional data
Institutional activity
institutions have been net buying for 3 consecutive quarters — 308 buyers vs. 221 sellers in 3q2025. total institutional holdings: 0.7B shares. net buying for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$18
$31
$20
current price
$25
target midpoint · +22% from current · 3-5yr high: $35 (+70% · 17% ann'l return)
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
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