Kimco Realty Corporation (KIM) Valuation — DCF, Graham & Comparables

Kimco Realty Corporation (KIM) — Price $25.07 (closing price, November 2, 2026) — Real Estate — REIT - Retail — NYSE

Latest reported results:

Valuation dashboard for Kimco Realty Corporation (KIM) with P/E 22.79, P/B 1.64, EV/EBITDA 15.7 and dividend yield 4.23%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.

Kimco Realty Corporation (NYSE:KIM), headquartered in Jericho, N.Y., operates as a real estate investment trust (REIT). It stands as one of North America's preeminent publicly traded entities dedicated to the ownership and operation of open-air, grocery-anchored shopping centers and diverse mixed-use developments. With a substantial portfolio reported as of September 30, 2020, Kimco held interests in 400 properties across the U.S.

What would it be worth at its usual multiples?

Versus its usual multiples: cheap · Current P/FFO 13.9× · Multiples range: $25.38 · $25.38.

At its 10-year average P/FFO (14.1×) $25 (+1 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

Kimco Realty Corporation reported revenue of $2.14B in the most recent fiscal year, growing at a 5-year CAGR of 15.1%. Net income reached $584.1M, with a -10.2% 5-year CAGR.

Trailing-twelve-month margins: gross margin 55.2%, operating margin 39.9%, net margin 34.1%.

At $25.07 (closing price, November 2, 2026), KIM trades at a P/E of 22.79 and an ROE of 7.27%. Market capitalisation stands at $16.8B, placing it among large-cap names.

Balance sheet quality for KIM: debt-to-equity ratio of 0.85, current ratio of 2.68 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio22.79
Price / Book1.64
EV / EBITDA15.7
Dividend Yield4.23%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
KIMKimco Realty Corporation$16.8B22.791.647.3%
REGRegency Centers Corporation$13.8B21.412.029.6%
PECOPhillips Edison & Co.$5.1B27.562.067.8%
ADCAgree Realty Corporation$8.5B35.301.233.7%
BRXBrixmor Property Group Inc.$9.1B21.583.0114.1%
NNNNNN REIT, Inc.$7.9B20.441.778.7%

Price

Price$25.07 (closing price, November 2, 2026)
Market Cap$16.8B
ExchangeNYSE
CountryUS

Profitability

Return on Equity7.27%
Return on Invested Capital88.01%
Return on Assets3.80%
Gross Margin55.16%
Operating Margin39.86%
Net Margin34.06%

Related companies: REG · PECO · ADC · BRX · NNN

Explore sector: Real Estate · REIT - Retail

More sections of KIM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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