# Kimco Realty Corporation (KIM)

> Source: Nexqual · https://nexqual.com/KIM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Kimco Realty Corporation (KIM), nexqual.com/KIM" · informational, not investment advice.

**Price:** USD 23.59 (+3.83% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 22.72 · day 22.76–23.61 · 52w 19.76–26.65 · market cap $15.8B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.19B, net income $607M (27.8% margin) (SEC filings).
- Valuation: P/E 26.1x (avg 27.3x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 2.57 on a 1–5 scale) (23 analysts), mean target USD 25.96 (range 23–30).
- Total return with dividends: 1Y +11.2% vs S&P 500 +14.9%; 5Y +28.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.21, revenue estimate $544M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.36B | $1.73B | $1.78B | $2.04B | $2.14B | $2.19B |
| Operating income | $424M | $565M | $639M | $629M | $771M | $788M |
| Net income | $844M | $126M | $654M | $411M | $585M | $607M |
| Free cash flow | — | — | — | — | $1.10B | — |
| Operating margin | 31.1% | 32.7% | 35.8% | 30.9% | 36.0% | 36.0% |
| Net margin | 61.9% | 7.3% | 36.7% | 20.2% | 27.3% | 27.8% |
| Revenue growth | +29.0% | +26.6% | +3.2% | +14.2% | +5.1% | — |
| Cash + short-term investments | $326M | $147M | $781M | $689M | $212M | — |
| Total debt | $7.03B | $6.78B | $7.26B | $7.96B | $7.72B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 26.1x · P/S 7.2x · P/B 1.5x · Earnings yield 3.84% · Buyback yield (TTM) 1.05%
P/E at fiscal year-ends: Dec 2025 23.4x, Dec 2024 38.3x, Dec 2023 20.1x.

## Analysts
Consensus Hold (mean 2.57 on a 1–5 scale), 23 analysts; mean target USD 25.96 (low 23, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $31 → $27 |
| 2026-10-09 | UBS | Target lowered | Buy | $29 → $25 |
| 2026-09-29 | Morgan Stanley | Target raised | Equal-Weight | $24 → $25 |
| 2026-09-28 | Barclays | Target lowered | Overweight | $28 → $27 |
| 2026-09-24 | Mizuho | Target lowered | Neutral | $25 → $23 |
| 2026-08-25 | JP Morgan | Target raised | Neutral | $25 → $26 |
| 2026-08-10 | Citigroup | Target raised | Neutral | $24 → $26 |
| 2026-07-23 | Wells Fargo | Target raised | Equal-Weight | $25 → $26 |
| 2026-07-21 | Piper Sandler | Target raised | Overweight | $28 → $31 |
| 2026-07-09 | UBS | Target raised | Buy | $26 → $29 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +11.2% | +28.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +11.3% | +5.1% |
| Volatility (annualized) | 18.0% | 24.5% |
| Max drawdown | -16.2% (Jul 2026→Oct 2026) | -30.6% (Apr 2022→Oct 2023) |

## Peers (REIT - Retail)
REG (Regency Centers Corporation) USD 74.38 +2.99% · FRT (Federal Realty Investment Trust) USD 108.88 +2.94% · BRX (Brixmor Property Group Inc.) USD 28.26 +3.06% · ADC (Agree Realty Corporation) USD 67.07 +4.00% · NNN (NNN REIT, Inc.) USD 42.13 +3.46% · MAC (Macerich Company (The)) USD 23.95 +3.10%

## More
Full page: https://nexqual.com/KIM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-08-04)

- "Outlook – JERICHO, New York , August 4, 2026 - Kimco Realty ® (NYSE: KIM), a real estate investment trust ("REIT") and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the second quarter ended June 30, 2026."
- "Given our strong cash flow growth this year from the strength of operations, we're raising our common cash dividend by 12%, a quarter ahead of our typical schedule, a reflection of both our higher operating income and confidence in Kimco's long-term outlook."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.20 | $0.20 | +0.5% | $544.3M | 4 |
| Next quarter (ends 2026-12-31) | $0.20 | $0.20 | +2.5% | $550.4M | 4 |
| Current fiscal year (ends 2026-12-31) | $0.84 | $0.81 | +4.1% | $2.20B | 3 |
| Next fiscal year (ends 2027-12-31) | $0.90 | $0.87 | +3.9% | $2.27B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±7.6%; last 8 reports averaged ±2.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 29.1% | ±7.6% |
| 2026-12-18 | 56 | 25.2% | ±8.6% |
| 2027-01-15 | 84 | 18.2% | ±7.7% |
| 2027-04-16 | 175 | 31.9% | ±17.2% |