Kimco Realty Corporation (KIM-PN) Stock

About Kimco Realty Corporation

Kimco Realty (NYSE:KIM), a prominent Real Estate Investment Trust (REIT) based in Jericho, New York, distinguishes itself as North America's foremost publicly traded proprietor and manager of open-air, grocery-anchored retail centers. The company is also actively expanding its holdings to include a diverse range of mixed-use developments. Its extensive property portfolio is strategically concentrated within the affluent, first-ring suburbs of key metropolitan areas. This encompasses highly sought-after coastal markets with significant barriers to entry, as well as the rapidly developing urban centers of the Sun Belt region. A core element of Kimco's operational strategy involves curating a tenant roster that delivers essential, daily-need goods and services, thereby ensuring consistent and frequent customer traffic to its properties. Beyond its commercial endeavors, Kimco Realty demonstrates a strong commitment to environmental, social, and governance (ESG) principles, earning widespread recognition as an industry leader in these crucial areas. With a history spanning over six decades, the firm has cultivated extensive expertise in the ownership, management, acquisition, and value-enhancement redevelopment of shopping centers. The company has been publicly traded on the NYSE since 1991 and is a constituent of the prestigious S&P 500 Index. As of December 31, 2023, Kimco's substantial portfolio included interests in 523 U.S. shopping centers and mixed-use assets, collectively encompassing an impressive 90 million square feet of gross leasable space.

Kimco Realty Corporation is headquartered in US.

Kimco Realty Corporation (KIM-PN) stock trades at $62.38 with a market capitalization of $16.61B. The stock is valued at a price-to-earnings (P/E) ratio of 28.50, price-to-book of 1.62, price-to-sales of 7.82. Over the past 52 weeks the stock has ranged between $55.09 and $64.40, and currently trades 3.1% below its 52-week high. It pays a dividend yielding 5.80%.

On profitability, Kimco Realty Corporation generates a return on equity (ROE) of 5.90%, return on capital employed of 4.03%, an operating margin of 36.08%, a net profit margin of 28.51%.

In its most recent fiscal year, Kimco Realty Corporation reported annual revenue of $2.1B, net profit of $584.0M, revenue has compounded at 15.1% a year over the last five years, profit at -10.2% a year.

The balance sheet shows a debt-to-equity ratio of 0.80, a current ratio of 2.32, total assets of $19.7B, $213.0M in cash and equivalents.

KIM-PN has an average daily trading volume of 1,138 shares, a beta of 0.97.

Official website: www.kimcorealty.com