Kimco Realty Corporation (KIM)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Kimco owns necessity-based, grocery-anchored shopping centers in first-ring suburbs and Sun Belt markets. That is a sensible property niche: tenants selling everyday goods tend to produce repeat traffic, and high-barrier locations can support occupancy and rent. But a REIT must be judged on cash flow, not accounting EPS. FFO/AFFO, the right measures, are not in the data; I therefore lean on revenue, leverage, dividend yield and price-to-book. The latest filed quarter, fiscal Q2 2026, ended June 30, 2026, showed revenue of $550.8 million and net income of $153.3 million. Revenue rose from $525.2 million in fiscal Q2 2025, but net income fell from $163.0 million—a 5.95% decline—so growth is not flowing cleanly to the bottom line. Full-year net income went from $654.3 million in FY2023 to $410.8 million in FY2024, then $584.7 million in FY2025. At the $23.65 close on October 26, 2026, FairStock calculates P/B of 1.54 and P/E of 27.50; dividend yield is 4.97%, debt/equity 0.85, FCF yield 7.4%, Altman Z 1.08 and Piotroski 5/9. The dividend and cash yield are attractive, but leverage and a modest 52/100 score temper enthusiasm. FairStock calls it a SLOW GROWER — Shrinking, citing profit -10.2% a year over five years and revenue 177.5%. This looks like a fair-to-full priced, income-oriented property owner, not a bargain, and the missing FFO/AFFO prevents a clean REIT valuation.

In plain English: Kimco owns and runs shopping centers, mostly grocery-anchored open-air centers in suburbs and Sun Belt cities. The business produces rent and a high dividend, but recent profit slipped while revenue grew, and debt is meaningful. The stock looks roughly fair to a bit expensive versus its accounting numbers, with a dividend yield near 5%, and the data do not include the cash-profit measures REITs usually use.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer