Lumida
/KIM
⌘K
Kimco Realty Corp

Kimco Realty Corp

KIM
$23.19USD↓-0.43%-0.10 today

MARKET CAP

15.6B

P/E (TTM)

27.4x

FWD P/E

27.0x

DAY RANGE

$23 – $23

52W RANGE

$20
$27

AI Summary

Stalk
TrimMedium

KIM remains in a Stage 4 declining phase with supply dominance under declining short-term EMAs. A Bearish Exhaustion pattern at the rising 200-day SMA and near-oversold RSI suggest sellers may be tapped out, reducing urgency for fresh short entries at current levels. Defer sell-side execution and look to initiate after a relief bounce into the 9-/20-day EMA area shows clear rejection.

  • ↑FFO per diluted share rose 4.5% YoY to $0.46; same-property NOI up 3.5%.
  • ↑Dividend increased 12% YoY to $0.28/share, yielding 4.35%.
  • ↓Refinancing into higher rates raises interest expenses and pressures FFO margins.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Kimco Realty Corporation (NYSE: KIM) is a leading owner and operator of open-air shopping centers primarily anchored by grocery stores. The company focuses on high-quality, grocery-anchored retail properties in densely populated urban areas, which positions it strategically within the evolving retail landscape. Kimco's commitment to a capital recycling strategy and mixed-use development projects illustrate its innovative approach to enhancing property value while catering to consumer demands.

Bull says

  • ↑FFO per diluted share rose 4.5% YoY to $0.46; same-property NOI up 3.5%.
  • ↑Dividend increased 12% YoY to $0.28/share, yielding 4.35%.
  • ↑Occupancy remains strong at 96.4% overall and 92.9% for small shops.
  • ↑Capital recycling targets ~9% IRR by reallocating to high-yield assets.
  • ↑Moderate Buy consensus with $26.53 average price target (+12.5% upside).
  • ↑Solid liquidity and low volatility enhance defensive quality.

Bear says

  • ↓Refinancing into higher rates raises interest expenses and pressures FFO margins.
  • ↓Competitive landscape risks eroding occupancy and rental rate growth.
  • ↓Weak profitability metrics signal headwinds for earnings generation.
  • ↓Negative growth outlook suggests limited revenue expansion potential.
  • ↓Low institutional 13F ownership may reduce demand and increase volatility.
  • ↓High rate sensitivity and modest momentum dampen valuation prospects.

Investment themes with KIM

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Earnings Call · Q1 2021 · Mgmt. Guidance

Updated 05-04-2025neutral

Transcript signals

Bull points

  • 2024 was off to a strong and active start. As Conor mentioned, our first quarter results are highlighted by solid leasing activity, double-digit leasing spreads and robust same-site NOI growth. These positive operating metrics drove our strong FFO per share growth, excluding merger costs.
  • the balance of the year is shaping up very well. So we increased the guidance by the $0.02 that we saw so far and feel good that we're in good shape to reach towards the upper end of that range.
  • the balance of the year is shaping up very well. So we increased the guidance by the $0.02 that we saw so far and feel good that we're in good shape to reach towards the upper end of that range.

Bear points

  • there are some potential bankruptcies potentially during the year that could impact it.
  • So on a go-forward basis, our goal is really to improve the quality portfolio and the growth profile. And frankly, it doesn't matter if that's a Kimco legacy asset, RPT, Weingarten JV, wholly owned.
  • But what I can tell you is on the core acquisitions, we do not have anything under contract today.
Read full transcript analysis ›