KIMCO REALTY CORP KIM
KIMCO REALTY CORP is a publicly traded real estate investment trust specializing in Shopping Centers properties.
Executive Summary: KIMCO REALTY CORP (KIM) Institutional Rating
Quantitative Verdict: KIMCO REALTY CORP (KIM) trades at an annualized dividend yield of 4.83% with an AFFO payout ratio of 69.9%, earning a Dividend Safety Score of 86 / 100 (Safe). The stock currently trades at a 8.3% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $25.75, backed by an institutional portfolio of 150 commercial properties operating at 96.0% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
KIMCO REALTY CORP operates as a Passive Capital Allocator in the Shopping Centers real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 96.0%.
Labor & Overhead Efficiency
- • Total Global Employees: 710
- • Estimated Market Cap: $15.84 B
- • Capital Per Employee: $22.32M
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.54%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.04% | $33.41 | +29.7% | $23.62 | Undervalued |
| 5.54% | $30.40 | +18.1% | $23.62 | Undervalued |
| 6.04% | $27.88 | +8.3% | $23.62 | Undervalued |
| 6.54% Base Case | $25.75 | 0.0% | $23.62 | Undervalued |
| 7.04% | $23.92 | -7.1% | $23.62 | Undervalued |
| 7.54% | $22.33 | -13.3% | $23.62 | Overvalued |
| 8.04% | $20.95 | -18.6% | $23.62 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $0.2850 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| KIMCO REALTY CORP Core Physical Asset Portfolio | United States (Nationwide Footprint) | 18,000,000 sq ft (implied) | 96.0% | Diversified Commercial Tenants | SEC Schedule III Verified |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: KIM vs Peers
Institutional CompsDirect peer benchmark comparing KIMCO REALTY CORP against its top competitors in the Shopping Centers industry.
| Metric | KIM (Current) | FRT | BRX | SITC |
|---|---|---|---|---|
| Share Price | $23.62 | $108.72 | $28.13 | $3.74 |
| Dividend Yield | 4.83% | 5.14% | 4.83% | 4.81% |
| Dividend Safety Score | 86 / 100 | 80 / 100 | 86 / 100 | 86 / 100 |
| Price / AFFO Multiple | 14.5x | 13.99x | 14.5x | 14.38x |
| NAV Premium / Discount | -8.3% | -8.3% | -8.3% | -8.3% |
| Portfolio Occupancy | 96.0% | 95.0% | 96.0% | 96.0% |
| Commercial Properties | 150 | 150 | 150 | 150 |
Frequently Asked Questions (KIM FAQ)
KIMCO REALTY CORP (KIM) currently pays an annualized dividend of $1.14 per share, representing an annualized dividend yield of 4.83%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 69.9%, earning a Dividend Safety Score of 86/100 with a risk rating of 'Safe'.
Based on REITwave's institutional property-level valuation models, KIMCO REALTY CORP's consensus base NAV is $25.75 per share. Trading at $23.62, the stock reflects an implied market cap rate of 6.54% and trades at a 8.3% discount to NAV (undervalued).
KIMCO REALTY CORP owns and operates approximately 150 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 96.0% with a weighted average lease term (WALT) of 6.5 years.
KIMCO REALTY CORP currently trades at a Price / AFFO multiple of 14.5x based on forward AFFO per share of $1.63. Its Price / FFO multiple stands at 13.4x against forward FFO per share of $1.76.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Conor C. Flynn. Total annual reported compensation was $8,400,000, reflecting a CEO-to-median-worker pay ratio of 95:1.
KIMCO REALTY CORP maintains a Net Debt-to-EBITDA ratio of 5.2x and carries an investment-grade credit rating of BBB. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.