olivLaw · US equity research
Kimco Realty Corporation KIM
Real Estate Investment Trusts · SIC 6798 · Vertical: Real Estate Investment Trusts (SIC 6798)
Kimco Realty (KIM) is a self-administered REIT that owns and operates open-air, grocery-anchored shopping centers in the United States. As of June 30 2026 it had interests in 564 U.S. shopping centers with 99.5 million square feet of GLA, and pro-rata leased occupancy was 96.4% in Q2 2026. The company raised its 2026 FFO per diluted share outlook to between $1.83 and $1.84.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 30 Oct 2026, Kimco Realty Corporation (KIM) stock was 24.52 USD (+0.41% on the day), with market capitalisation 16.4 bn USD, P/E 10.9 on diluted EPS of 2.25 USD over the last 12 months, dividend yield 4.20%, beta 0.53, 52-week range 19.78–26.38 USD. Latest reported quarter (Q2 2026): revenue of 550.8 m USD (+4.9% YoY), net income of 153.3 m USD (−5.9% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 71.2
- overbought (≥ 70)
- Bollinger (20, 2)
- 21.37 – 24.46
- above the upper band · %B 1.02 · band width 13.5%
- SMA 50 / 200
- 23.06 / 23.53
- mixed trend
- MACD (12, 26, 9)
- 0.35 / 0.12
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +10.4% | −0.9% | +11.3 pp | — |
| 3 months | −3.8% | +1.2% | −5.0 pp | — |
| 6 months | +4.9% | +4.8% | +0.0 pp | — |
| Year to date | +21.0% | +10.7% | +10.2 pp | — |
| 1 year | +16.8% | +11.1% | +5.7 pp | +4.9% |
| 3 years | +36.7% | +80.7% | −44.1 pp | +27.0% |
| 5 years | +8.5% | +64.6% | −56.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 507.6 m | 525.4 m | 536.6 m | 525.2 m | 535.9 m | 542.5 m | 558.0 m | 550.8 m |
| Operating income | 171.3 m | 166.4 m | 180.5 m | 205.8 m | 187.2 m | 197.3 m | 207.8 m | 196.1 m |
| Depreciation & amortisation | 144.7 m | 156.1 m | 158.5 m | 156.3 m | 158.3 m | 154.0 m | 156.5 m | 149.0 m |
| Interest expense | 76.2 m | 83.7 m | 80.4 m | 81.2 m | 84.3 m | 84.4 m | 83.1 m | 83.9 m |
| Pre-tax income | 117.4 m | 100.3 m | 111.6 m | 139.6 m | 113.0 m | 129.5 m | 135.5 m | 122.1 m |
| Income tax | 128.0 k | -46.9 m | 464.0 k | 366.0 k | -875.0 k | 1.1 m | -239.0 k | 4.0 k |
| Net income | 136.0 m | 166.0 m | 132.8 m | 163.0 m | 137.8 m | 151.2 m | 164.9 m | 153.3 m |
| Operating cash flow | 295.9 m ≈ | 239.5 m | 223.8 m | 305.4 m ≈ | 332.4 m ≈ | 258.4 m | 243.0 m | 345.3 m ≈ |
| Capex | — | — | 18.4 m | 0 ≈ | 0 ≈ | 0 | — | — |
| Dividends paid | 169.7 m ≈ | 175.0 m | 177.5 m | 176.8 m ≈ | 176.8 m ≈ | 180.6 m | 182.9 m | 182.9 m ≈ |
| Share repurchases | 0 ≈ | 0 | 0 | 58.8 m ≈ | 0 ≈ | 61.5 m | 462.0 k | 104.7 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 14 percentile of its own 21-quarter history (min 5.6, median 18.0, max 37.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 1.2 bn | 1.1 bn | 1.4 bn | 1.7 bn | 1.8 bn | 2.0 bn | 2.1 bn |
| Revenue YoY | −3.0% | −0.5% | −8.7% | +29.0% | +26.6% | +3.2% | +14.2% | +5.1% |
| Net income | 497.8 m | 410.6 m | 1.0 bn | 844.1 m | 126.0 m | 654.3 m | 410.8 m | 584.7 m |
| Net income YoY | +16.8% | −17.5% | +143.7% | −15.7% | −85.1% | +419.4% | −37.2% | +42.3% |
| Diluted EPS | 1.02 | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | +17.2% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 42.7% | 35.4% | 94.6% | 61.9% | 7.3% | 36.7% | 20.2% | 27.3% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | 1.1 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 211.6 m USD
- Financial debt
- 7.7 bn USD
- Net debt
- 7.5 bn USD
- Equity
- 10.5 bn USD
- Total assets
- 19.7 bn USD
- Debt / equity
- 0.73x
- Current ratio
- unavailable
- ROE
- 5.5%
- ROA
- 2.9%
- FCF margin
- 51.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.1 bn | 1.4 bn | 1.7 bn | 1.8 bn | 2.0 bn | 2.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Operating income | 332.6 m | 424.3 m | 565.5 m | 638.8 m | 629.1 m | 770.8 m | SEC (XBRL)· 20 Feb 2026verified |
| Depreciation & amortisation | 289.0 m | 395.3 m | 505.0 m | 507.3 m | 603.7 m | 627.1 m | SEC (XBRL)· 20 Feb 2026verified |
| EBITDA | 621.6 m ≈ | 819.6 m ≈ | 1.1 bn ≈ | 1.1 bn ≈ | 1.2 bn ≈ | 1.4 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Interest expense | 186.9 m | 204.1 m | 226.8 m | 250.2 m | 307.8 m | 330.2 m | SEC (XBRL)· 20 Feb 2026verified |
| Pre-tax income | 927.9 m | 745.1 m | 44.3 m | 643.9 m | 351.2 m | 493.6 m | SEC (XBRL)· 20 Feb 2026verified |
| Income tax | 978.0 k | 3.4 m | 56.7 m | 61.0 m | 25.4 m | 1.0 m | SEC (XBRL)· 20 Feb 2026verified |
| Net income | 1.0 bn | 844.1 m | 126.0 m | 654.3 m | 410.8 m | 584.7 m | SEC (XBRL)· 20 Feb 2026verified |
| Weighted average diluted shares | 431.6 m | 511.4 m | 617.9 m | 618.2 m | 672.1 m | 675.3 m | SEC (XBRL)· 20 Feb 2026verified |
| Dividend per share | 0.54 | 0.68 | 0.84 | 1.02 | 0.97 | 1.01 | SEC (XBRL)· 20 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 293.0 m | 325.6 m | 147.0 m | 780.5 m | 688.6 m | 211.6 m | SEC (XBRL)· 20 Feb 2026verified |
| Intangibles (excl. goodwill) | — | — | — | — | 1.2 bn | 1.2 bn | SEC (XBRL)· 20 Feb 2026verified |
| Total assets | 11.6 bn | 18.5 bn | 17.8 bn | 18.3 bn | 20.3 bn | 19.7 bn | SEC (XBRL)· 20 Feb 2026verified |
| Long-term debt | 5.0 bn | 7.0 bn | 6.8 bn | 7.3 bn | 8.0 bn | 7.7 bn | SEC (XBRL)· 20 Feb 2026verified |
| Total liabilities | 5.9 bn | 8.3 bn | 8.1 bn | 8.5 bn | 9.5 bn | 9.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Equity | 5.7 bn | 10.1 bn | 9.6 bn | 9.7 bn | 10.8 bn | 10.5 bn | SEC (XBRL)· 20 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 589.9 m | 618.9 m | 861.1 m | 1.1 bn | 1.0 bn | 1.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Capex | — | — | — | — | — | 18.4 m | SEC (XBRL)· 20 Feb 2026verified |
| Free cash flow | — | — | — | — | — | 1.1 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Investing cash flow | -33.3 m | -476.3 m | -63.2 m | -137.0 m | -318.5 m | -376.8 m | SEC (XBRL)· 20 Feb 2026verified |
| Financing cash flow | -387.4 m | -101.1 m | -982.7 m | -300.7 m | -781.1 m | -1.2 bn | SEC (XBRL)· 20 Feb 2026verified |
| Dividends paid | 377.7 m | 380.3 m | 542.3 m | 654.4 m | 682.8 m | 711.7 m | SEC (XBRL)· 20 Feb 2026verified |
| Share repurchases | 0 | — | — | 0 | 0 | 120.3 m | SEC (XBRL)· 20 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 64 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
30 Oct 2026Source: olivLaw, closing series
Market cap: 16.4 bn USD
Key indicators
Coverage and freshness
Score by group
- Growth74
- Returns60
- Quality56
- Balance sheet34
- Valuation80
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 13.27 – 43.42 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)13.27 – 17.85 (Mid 15.22)
- Peers: P/B34.13 – 43.42 (Mid 41.53)9 companies used · median multiple 2.7x · quartiles 2.2x – 2.8xDLR, ESS, EXR, HST, O, PLD, PSA, VMRK, VTR
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 64/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 5.8% | 17 (vs peers) | 8% |
| EBITDA margin · Quality | 64.3% | 86 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 7.4% | 74 (on a fixed band) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.3x | 34 (on a fixed band) | 16% |
| P/B · Valuation | 1.6x | 83 (vs peers) | 24% |
| P/E (TTM) · Valuation | 27.1x | 73 (vs peers) | 11% |
| Dividend yield · Returns | 4.2% | 60 (vs peers) | 19% |
| Payout ratio (EPS) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial34/100 · 1/2 factors with a value
- Growth74/100 · 1/1 factors with a value
- Quality56/100 · 2/2 factors with a value
- Returns· partial60/100 · 1/2 factors with a value
- Valuation80/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
KIMCO REALTY CORPORATION (KIM). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 2.1 bn USD in 2025; YoY growth 5.1%; net margin 27.8%; ROE 5.8%.
The estimated value range is 23.70–30.63 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 28.38 USD, the price of 24.52 USD leaves a potential of 15.7% (value / price − 1) and a margin of safety of 13.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 64/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EBITDA margin: 64.3%
- Revenue CAGR 3Y: 7.4%
- P/B: 1.6x
- P/E (TTM): 27.1x
What contradicts it
- ROE: 5.8%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, Payout ratio (EPS).
Versus the vertical median
Real Estate Investment Trusts (SIC 6798) · same industry (4-digit SIC) · compared with 15 companies
Only companies with a capitalisation between 2.0 bn and 126.6 bn (within 8× of the company's); 140 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PLDPrologis, Inc. | 119.3 bn | 32.2 | 7.1% | 42.5% | +7.2% | +3% / +27% |
| EQIXEquinix Inc | 100.3 bn | 60.9 | 11.5% | 16.4% | +5.4% | +20% / +39% |
| AMTAmerican Tower Corporation | 87.1 bn | 26.4 | 90.6% | 30.7% | +5.1% | +5% / +5% |
| DLRDigital Realty Trust, Inc. | 63.5 bn | 47.2 | 6.2% | 21.7% | +10.0% | +6% / +45% |
| PSAPublic Storage | 60.7 bn | 33.0 | 16.0% | 37.8% | +2.7% | +17% / +36% |
| ORealty Income Corporation | 53.9 bn | 41.5 | 3.3% | 21.5% | +9.1% | −2% / +20% |
| VTRVentas, Inc. | 44.8 bn | 159.5 | 1.9% | 4.0% | +18.5% | +15% / +100% |
| CCICrown Castle Inc. | 37.7 bn | 45.1 | — | 20.7% | −4.4% | −2% / −5% |
| IRMIron Mountain Inc | 34.7 bn | 82.5 | — | 5.7% | +12.2% | +13% / +97% |
| EXRExtra Space Storage Inc. | 31.6 bn | 30.8 | 7.9% | 29.9% | +3.7% | +13% / +46% |
| VICIVICI Properties Inc. | 26.9 bn | 11.2 | 8.3% | 56.5% | +4.1% | −18% / −12% |
| VMRKVivmark Residential | 23.2 bn | 27.1 | 8.1% | — | +4.8% | +4% / +12% |
| SBACSba Communications Corporation | 19.9 bn | 20.2 | — | 34.5% | +5.1% | −2% / −10% |
| HSTHost Hotels & Resorts, Inc. | 17.3 bn | 16.9 | 15.8% | 16.5% | +7.6% | +58% / +63% |
| ESSEssex Property Trust, Inc. | 17.0 bn | 40.6 | 8.0% | 22.7% | +6.4% | +5% / +23% |
| KIMKimco Realty Corporation | 16.4 bn | 27.1 | 5.8% | 27.8% | +5.1% | +17% / +37% |
1- and 3-year price returns: for KIM from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 14.92 Total return -39% · Per year -39% | 26.33 Total return 7% · Per year 7% | 39.62 Total return 62% · Per year 62% |
| 3 years | 15.33 Total return -37% · Per year -14% | 30.37 Total return 24% · Per year 7% | 50.05 Total return 104% · Per year 27% |
| 5 years | 15.76 Total return -36% · Per year -8% | 35.03 Total return 43% · Per year 7% | 63.23 Total return 158% · Per year 21% |
- Exit P/E± 7.59
- Net margin± 5.32
- Annual revenue growth± 4.25
- Annual dilution± 0.45
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (29 Oct 2026 · results).
In brief
Kimco Realty (KIM) is a self-administered REIT that owns and operates open-air, grocery-anchored shopping centers in the United States. As of June 30 2026 it had interests in 564 U.S. shopping centers with 99.5 million square feet of GLA 2, and pro-rata leased occupancy was 96.4% in Q2 2026 3. The company raised its 2026 FFO per diluted share outlook to between $1.83 and $1.84 3.
SWOT
Strengths
- A geographically diversified portfolio with a broad tenant base, where no single tenant accounts for more than a small share of revenue. High occupancy and strong rent spreads point to solid demand for the company's properties 13.
- A solid balance sheet with investment grade ratings and a long weighted average debt maturity, giving financial flexibility. The company holds high liquidity and a significant unsecured revolving credit facility 13.
- Management experience in retail real estate and relationships with major retailers are described as competitive advantages for winning new opportunities.
Weaknesses
- Reliance on traditional shopping centers exposes the company to shifts in consumer behavior and to e-commerce pressure on tenants.
- Operating expenses do not fall automatically when revenues decline, which can weigh on margins during periods of weaker occupancy.
- Real estate sales are slow and can be affected by unfavorable conditions, limiting flexibility to reshape the portfolio quickly.
Opportunities
- Redeveloping existing centers and adding residential units could create additional value on properties the company already owns.
- Recycling capital by selling lower-growth assets and reinvesting in higher-yielding properties could improve portfolio returns.
- Structured investment programs and institutional partnerships could bring fee income and higher-yielding investments if market conditions stay favorable.
Threats
- High inflation, trade tensions and economic slowdown could reduce demand for retail space and tenants' ability to pay rent.
- Tenant bankruptcies, especially among tenants with leases in multiple locations, could lead to lost income and costly re-leasing.
- High interest rates and volatile capital markets could raise financing costs and affect property valuations.
Risks
- Tenant bankruptcy or distresshigh
If a major tenant files for bankruptcy or closes stores, the company could lose rental income and may struggle to re-lease the space on attractive terms.
- General economic conditionshigh
Inflation, tariffs and geopolitical uncertainty could weigh on demand for retail space and property income, particularly if costs pass through to consumers.
- Interest rates and refinancing costmedium
A high-rate environment could increase the cost of refinancing existing debt and reduce returns on new investments.
- Acquisition and development riskmedium
Development and acquisition projects may exceed budget or schedule and could generate losses if properties fail to reach their income potential.
- E-commerce and changing consumer habitsmedium
A shift of shoppers to online buying could reduce demand for some retail formats and could require costly property changes.
Investment thesis
What would need to be true (bull case)
- Record occupancy and strong rent growth on new leases suggest the grocery-anchored portfolio could keep generating stable income if demand holds.
- A solid balance sheet, high liquidity and a long debt maturity profile give the company flexibility to fund growth and respond to tougher markets.
- The dividend increase and raised 2026 outlook indicate management confidence in operating strength, and capital recycling could improve long-term returns.
What would break the thesis
- If inflation and interest rates stay elevated, costs for the company and its tenants could rise, which could weigh on demand for retail space and on margins.
- E-commerce pressure on traditional tenants could lead to smaller footprints and more missed rent payments, especially in formats without a grocery anchor.
- Redevelopment and mixed-use projects carry execution and market risks that could reduce investment returns, particularly if properties miss expected yields.
What to watch
- Occupancy trends and rent spreads on new leasesQ3 2026
- Actual results against the raised FFO and net income outlookQ4 2026
- Effect of interest rates on debt refinancing and transaction yields2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (29 Oct 2026 · results).
The business
The strategy targets first-ring suburbs of major Sun Belt and coastal metropolitan markets with high barriers to entry, which generated 82% of proportionate annualized base rental revenues 1. The company also pursues redevelopment and mixed-use projects, having obtained entitlements for 14,196 multifamily units as of year-end 2025 1.
Segments
Grocery-anchored open-air shopping centers
This is the core segment, comprising open-air centers anchored by grocery stores that provide necessity-based goods and services. Consolidated operating portfolio occupancy reached 96.6% at year-end 2025 1, and small shop occupancy hit a record 92.9% in Q2 2026 3.
Structured investments and partnerships
Through institutional joint ventures and its structured investment program the company earns management, acquisition and disposition fees and invests alongside partners without owning every asset. The provided sources describe this activity less quantitatively than the core segment.
Market context
The U.S. open-air shopping center market is described in the filings as facing elevated inflation and interest rates, tenant bankruptcies, tariffs and geopolitical uncertainty, which could slow growth and weaken demand for retail space 1. The company notes that limited new shopping center supply and steady demand for everyday essentials supported leasing activity in Q2 2026 3.
Rent growth on new leases was strong, with pro-rata cash rent spreads of 40.4% on new leases, suggesting solid demand for well-located space 3. Higher operating costs or capitalization rates could still weigh on property values and transaction returns over the medium term.
Trends
- Steady demand for necessity-based goodstailwind
Grocery and essential retailers remain stable anchors, and the company reports consistent shopper traffic across its open-air centers. This supports occupancy and rent growth, although a change in consumer behavior could reduce demand for some formats.
- E-commerce and shifting purchasing habitsheadwind
Online shopping keeps pressure on tenants with traditional store formats, which can lead to smaller footprints, fewer locations or missed rent payments. The company is trying to anchor properties with tenants more resistant to this competition, though success is not assured.
- Financing costs and interest ratesmixed
Higher interest rates could raise the cost of refinancing debt and influence real estate transaction yields. The company has nonetheless issued new notes and kept high liquidity, which partly mitigates this risk.
- Redevelopment and densificationmixed
The company invests in redeveloping existing centers and adding residential units, which can create value and diversify income. These projects carry construction costs and delay risks that could affect returns.
Competitive position
The company competes with other commercial developers, regional and local real estate companies, financial institutions and investors seeking the same properties and tenants 1. Some competitors may have greater financial resources, which could raise acquisition costs. Competition also comes from online channels, outlet malls and discount clubs 1.
The competitive advantage the company describes rests on management experience, relationships with major national and regional retailers, and a geographically diversified portfolio with a broad tenant base 1. Competitors are not named in the provided documents, so comparative assessment is limited.
- Other U.S. shopping center developers and owners
The filings refer to generic competition from commercial developers and real estate companies without naming specific entities.
- Institutional investors and real estate funds
Funds and institutional investors compete for acquisitions and investment opportunities, and some may have greater resources.
- E-commerce channels
Online retail competes indirectly with the company's tenants and can reduce demand for physical space.
- Outlet malls and discount club stores
Discount formats can draw shoppers and tenants away from open-air centers, according to the risk discussion.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Kimco Realty’s (KIM) Occupancy Record Comes With A Bigger DividendYahoo Finance — News · 18 Sept 2026 · EN
The latest news item in our archive is from 18 Sept 2026; the newest SEC filing is from 29 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report29 Oct 2026
- Current report29 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report04 Aug 2026
- Current report04 Aug 2026Results of operations · Financial statements and exhibits
- Current report15 Jun 2026Material agreement · Creation of a direct financial obligation · Item 3.02 · Financial statements and exhibits
- Current report11 Jun 2026Other events · Financial statements and exhibits
- Current report22 May 2026Shareholder vote
- Quarterly report30 Apr 2026
- Current report30 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement08 Apr 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Kimco Realty Corporation · 20 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Kimco Realty Corporation · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Kimco Realty Corporation · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.