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Kimco Realty Corporation

KIM-PNยทNYSE

$60.00

+0.0000%
Real EstateREIT - Retail

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.

At a Glance

Live Snapshot
Market Cap$40.58B
EPS0.2400
P/E Ratio62.09
Earnings Date08/01/2025
KR

Kimco Realty Corporation Fair Value Envelope

KIM-PN ยท NYSE

Our analysis suggests that KIM-PN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $60, this represents a potential HIDDEN relative to our calculated worth for Kimco Realty Corporation.

Intrinsic Value
Current Price: $60

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$9.2B
+ Cash & Equivalents$688.6M
Firm Value$9.9B
- Debt$8.6B
Equity Value$1.3B
/ Shares Outstanding676,277,588B
DCF Value$2
OVERVALUED BY 97%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$943.7M
$885.6M
$831.1M
$779.9M
$731.9M
$686.8M
$644.5M
$604.8M
$567.6M
$532.6M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$943.7M
$885.6M
$831.1M
$779.9M
$731.9M
$686.8M
$644.5M
$604.8M
$567.6M
$532.6M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$873.8M
$759.2M
$659.7M
$573.2M
$498.1M
$432.8M
$376.1M
$326.8M
$283.9M
$246.7M
Terminal Value represents 45.5% of Enterprise Value