Kimco Realty Corporation is a real estate investment trust 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 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 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of December 31, 2025, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space. Kimco Realty Corporation was incorporated in 1958 in Maryland, USA.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $1.5B | $585M | $1.1B | 5.6% | 5.1% | 42.3% |
| 2024 | $2.0B | $1.3B | $411M | $1.0B | 3.9% | 14.2% | -37.2% |
| 2023 | $1.8B | $1.4B | $654M | $1.1B | 6.9% | 3.2% | 419.4% |
| 2022 | $1.7B | $776M | $126M | $861M | 1.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,727.68 | 1,783.40 | 2,037.01 | 2,140.12 |
| Cost Of Revenue | - | 530.91 | 556.72 | 637.65 | 662.33 |
| Gross Profit | - | 1,196.78 | 1,226.68 | 1,399.36 | 1,477.78 |
| Operating Expense | - | 624.53 | 644.07 | 741.82 | 760.10 |
| Operating Income | - | 572.24 | 582.61 | 657.54 | 717.68 |
| EBITDA | - | 776.13 | 1,401.38 | 1,262.70 | 1,450.92 |
| EBIT | - | 271.13 | 894.12 | 659.01 | 823.83 |
| Pretax Income | - | 44.30 | 643.91 | 351.21 | 493.64 |
| Tax Provision | - | 56.65 | 60.95 | 25.42 | 1.05 |
| Net Income | - | 125.98 | 654.27 | 410.78 | 584.74 |
| Net Income Common Stockholders | - | 98.58 | 628.76 | 371.26 | 551.17 |
| Total Expenses | - | 1,155.44 | 1,200.79 | 1,379.48 | 1,422.44 |
| Interest Expense | - | 226.82 | 250.20 | 307.81 | 330.20 |
| Selling General And Administration | - | 119.53 | 136.81 | 138.14 | 133.01 |
| Normalized EBITDA | - | 1,106.07 | 1,129.84 | 1,318.83 | 1,397.77 |
| Normalized Income | - | 386.63 | 408.43 | 462.85 | 531.70 |
| Market Cap | 15,976.61 | 15,976.61 | 15,976.61 | 15,976.61 | 15,976.61 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kimco Realty Corporationthis co. | KIM | $16.9B | 27.32β discount | 1.54 | 5.6% | 16.59 |
| Weyerhaeuser Company | WY | $18.0B | 55.70 | 1.91 | 3.4% | 22.25 |
| Essex Property Trust, Inc. | ESS | $16.4B | 24.59 | 2.97 | 12.1% | 14.82 |
| Regency Centers Corporation | REG | $15.0B | 28.42 | 2.24 | 7.9% | 17.55 |
| Mid-America Apartment Communities, Inc. | MAA |
| - |
| - |
| - |
| - |
| - |
| - |
| $14.8B |
| 32.71 |
| 2.57 |
| 7.9% |
| 15.77 |
| Host Hotels & Resorts, Inc. | HST | $14.4B | 18.78 | 2.19 | 11.7% | 10.41 |
| CoStar Group, Inc. | CSGP | $12.7B | 2206.30 | 1.85 | 0.1% | 78.51 |
| Healthpeak Properties, Inc. | DOC | $11.7B | 160.11 | 1.52 | 1.0% | 12.80 |
| UDR, Inc. | UDR | $11.6B | 34.66 | 4.03 | 11.6% | 14.90 |
| Peer Median | - | 33.69 | 2.22 | 7.9% | 15.34 | |