
Kimco Realty Corporation (KIM-PN)
ValueMarkers Composite Index
38% above intrinsic value ($43)
Kimco Realty Corporation (KIM-PN) — VMCI valuation read
KIM-PN screens at VMCI 52/100, a 2-point gap above the Real Estate sector median (50). For a mid-cap Kimco Realty Corporation share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.
KIM-PN has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.
**Investor frame.** Value: KIM-PN trades at 16.0x earnings, 11% below the Real Estate median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Real Estate group. Quality: ROIC of 12.0% sits 2.0pp above the Real Estate median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 1.6x is the rate-sensitivity line to watch, which sets the rate-cycle exposure for Kimco Realty Corporation.
KIM-PN rose 3.5% over the trailing 7 days, with a -11.5% read on a 30-day basis.
Kimco Realty (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The company's portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. 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. As of December 31, 2023, the company owned interests in 523 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space.
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