KIM - NYSE

Kimco Realty Corporation

Kimco Realty Corporation

KIMยทNYSE

$24.04

+1.4%
Real EstateREIT - Retail

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America's largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. As of September 30, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$16.21B
EPS0.8300
P/E Ratio28.96
Earnings Date07/30/2026
Kimco Realty Corporation

Kimco Realty Corporation Fair Value Envelope

KIM ยท NYSE

Our analysis suggests that KIM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $24.035, this represents a potential HIDDEN relative to our calculated worth for Kimco Realty Corporation.

HIDDEN
Intrinsic Value
Current Price: $24.035

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$42.9B
+ Cash & Equivalents$212.8M
Firm Value$43.2B
- Debt$8.6B
Equity Value$34.5B
/ Shares Outstanding677,194,052B
DCF Value$51
UNDERVALUED BY 112%

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
$1.3B
$1.4B
$1.6B
$1.9B
$2.1B
$2.4B
$2.7B
$3.1B
$3.5B
$3.9B
Maintenance CapEx
-$78.8M
-$89.4M
-$101.4M
-$115.0M
-$130.3M
-$147.8M
-$167.6M
-$190.1M
-$215.5M
-$244.4M
Owner Earnings
$1.2B
$1.4B
$1.5B
$1.7B
$2.0B
$2.2B
$2.5B
$2.9B
$3.3B
$3.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.1B
$1.2B
$1.2B
$1.3B
$1.3B
$1.4B
$1.5B
$1.6B
$1.6B
$1.7B
Terminal Value represents 67.7% of Enterprise Value

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