Kimco Realty (NYSE: KIM) is 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. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 60 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2024, the company owned interests in 567 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space.
Metrics to compare | KIM_pl | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipKIM_plPeersSector | |
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P/E Ratio | 45.7x | 33.2x | 7.8x | |
PEG Ratio | −3.32 | 0.15 | 0.01 | |
Price / Book | 1.5x | 2.2x | 0.9x | |
Price / LTM Sales | 8.1x | 7.8x | 3.9x | |
Upside (Analyst Target) | - | 8.6% | 10.4% | |
Fair Value Upside | Unlock | −12.2% | −0.4% | Unlock |