Kimco Realty Corporation (KIM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kimco Realty Corporation $17.11, price $22.21, upside -23.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 25, 2026.
How to read this chart
60‑month range $14.37 – $26.38 · fair‑value band $9.57 – $30.47 · the $22.21 price screens above the $17.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 25, 2026.
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Kimco Realty Corporation is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States.
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Kimco Realty Corporation is a real estate investment trust (REIT) 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 March 31, 2026, 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 and is based in Jericho, New York.
Stock analysis
Kimco Realty Corporation (KIM) currently trades at $22.21, while our model-based Fair Value estimate is $17.11, implying the stock looks roughly 29.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $19.10 per share, and 2 of the 16 models we run sit above the $22.21 price.
Bear case: the Growth DCF group reads lowest at $7.98, and 14 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: $9.57 (bear) to $30.47 (bull), the price of $22.21 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kimco Realty Corporation reported revenue of $2.1B in FY2025 versus $1.4B in FY2021, a compound +11.9%/yr. Reported net income was $584M in FY2025, compounding −8.8%/yr from FY2021.
Key figures
Market cap $16.4B · P/E ratio 25.5 · P/S ratio 6.97 · EPS (TTM) $0.8700 · Dividend yield 4.6% · Net margin 27.3% · Return on equity 5.9% · Return on assets (EBIT) 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −27% fair-value upside, at −23%, KIM screens cheaper than that median.
Fair Value models
Bear $9.57Fair Value $17.11Bull $30.47
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 34 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)4.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−12% vs −2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.31% → 35%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +16.7% a year for the price and +0.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (87 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Kimco Realty Corporation with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Retail · 94 stocks
Beats the industry median on 1/15 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−23% · Below median
Profitability
Return on equity (TTM)6% · Below median
Return on assets2% · Bottom 25%
Net margin (TTM)29% · Below median
Operating margin (TTM)34% · Bottom 25%
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)4.6% · Below median
Balance sheet
Debt / equity0.79× · Above median
Valuation Multiplesvs REIT - Retail median · lower = cheaper
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Is Kimco Realty Corporation (KIM) overvalued or undervalued?
As of Sep 25, 2026, our model estimates a fair value of $17.11 versus a price of $22.21, about −23% upside (overvalued).
What is the fair value of KIM?
Our model-based fair value for Kimco Realty Corporation is $17.11 (as of Sep 25, 2026), built from audited fundamentals. The current price: $22.21.
What is the quality score of KIM?
Kimco Realty Corporation has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kimco Realty Corporation (KIM)?
Our model-based price target is the fair value of $17.11 (as of Sep 25, 2026) from 16 valuation models. Cautious scenario $9.57, optimistic scenario $30.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Kimco Realty Corporation stock forecast for 2026?
Our models put fair value at $17.11, about −23% upside versus a price of $22.21 (overvalued). Cautious scenario $9.57, optimistic scenario $30.47. The calculation is refreshed regularly with new filings.
What is the revenue of Kimco Realty Corporation (KIM)?
Kimco Realty Corporation reported trailing-twelve-month revenue of about $2.2B (latest available figure, as of Sep 25, 2026).
Does Kimco Realty Corporation pay a dividend?
Kimco Realty Corporation currently shows a dividend yield of about 4.59% relative to its recent price (as of Sep 25, 2026).
What growth is priced into Kimco Realty Corporation (KIM)?
For today's price to be fair in a discounted-cash-flow model, Kimco Realty Corporation would have to grow free cash flow by +19.5 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.1 % per year. As of Sep 25, 2026.
What discount rate (WACC) does the fair value of KIM use?
Our models discount Kimco Realty Corporation at 9.2 %: a base by market capitalisation (large), damped by beta 0.98, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kimco Realty Corporation that is +19.5 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Kimco Realty Corporation (KIM) delivered so far?
Over the past 5 years revenue at Kimco Realty Corporation grew +15.1 % a year. The price currently implies +19.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kimco Realty Corporation (KIM) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Kimco Realty Corporation (+19.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kimco Realty Corporation (KIM)?
The free-cash-flow yield on the price is 5.16 %: that much free cash flow Kimco Realty Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kimco Realty Corporation (KIM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kimco Realty Corporation it is $17.11 per share (as of Sep 25, 2026), against a price of $22.21. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Kimco Realty Corporation stock overvalued or undervalued in 2026?
As of Sep 25, 2026, KIM trades above its calculated fair value: price $22.21, fair value $17.11, a gap of about −23% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KIM?
No. The price is what the market pays today ($22.21); the fair value is what the company's own numbers justify ($17.11). For Kimco Realty Corporation the two are $5.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kimco Realty Corporation worth?
The market values Kimco Realty Corporation at about $16.4B (market capitalisation, as of Sep 25, 2026). Per share that is $22.21; our models calculate a fair value of $17.11 per share.
What do the bullish and bearish scenarios say about KIM?
Our models span a range for Kimco Realty Corporation: cautious scenario $9.57, base $17.11, optimistic $30.47 per share (as of Sep 25, 2026, price $22.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KIM?
Kimco Realty Corporation trades at a price-to-earnings ratio of 25.5 (as of Sep 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $17.11 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 29.9 (reported 25.6). Other multiples: PEG 3.4, P/B 1.6, P/S 7.6, EV/EBITDA 18.6.
What is the PEG ratio of KIM?
The PEG ratio of Kimco Realty Corporation is 3.37 (P/E divided by earnings growth, as of Sep 25, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kimco Realty Corporation (KIM)?
Balance-sheet figures for Kimco Realty Corporation (as of Sep 25, 2026): return on equity 5.9%, debt of 0.79 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is KIM from its 52-week high?
Kimco Realty Corporation trades at $22.21, about 16% below its 52-week high of $26.38 and 16% above the low of $19.19 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $17.11 is for.
Which stocks are comparable to Kimco Realty Corporation?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Unibail-Rodamco-Westfield SE, CapitaLand Integrated Commercial Trust (CICT or the Trust), among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kimco Realty Corporation stock attractive at the current price?
The data as of Sep 25, 2026: price $22.21, calculated fair value $17.11 (−23%), Quality Score 56/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KIM calculated?
We run Kimco Realty Corporation through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $17.11, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Kimco Realty Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kimco Realty Corporation (KIM)?
The closing price on Sep 23, 2026 was $22.21. Our model-based fair value is $17.11, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kimco Realty Corporation right now?
The model range is unusually wide ($9.57 to $30.47). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Kimco Realty Corporation (KIM) come from?
Earnings per share at Kimco Realty Corporation grew −5.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.4 %, EBIT margin +0.8 %, tax rate +0.4 %, residual (interest, one-offs) −7.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kimco Realty Corporation
How large is the market capitalisation of Kimco Realty Corporation (KIM)?
The market capitalisation of Kimco Realty Corporation is $16.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kimco Realty Corporation (KIM)?
The price-to-sales ratio of Kimco Realty Corporation is 6.97 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kimco Realty Corporation (KIM)?
Earnings per share at Kimco Realty Corporation are $0.8700 (price ÷ EPS = P/E 25.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kimco Realty Corporation (KIM)?
The dividend yield of Kimco Realty Corporation is 4.6% (payout 117%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kimco Realty Corporation (KIM)?
The net margin of Kimco Realty Corporation is 27.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kimco Realty Corporation (KIM)?
The return on equity (ROE) of Kimco Realty Corporation is 5.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kimco Realty Corporation (KIM)?
On an EBIT basis the return on assets of Kimco Realty Corporation is 3.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kimco Realty Corporation (KIM)?
The operating margin of Kimco Realty Corporation is 34.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kimco Realty Corporation (KIM)?
Revenue at Kimco Realty Corporation is growing +4.0% versus a year earlier (3y avg +7.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kimco Realty Corporation (KIM)?
Earnings per share at Kimco Realty Corporation are growing +29.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kimco Realty Corporation (KIM) carry?
The net debt of Kimco Realty Corporation is $8.4B (fiscal year 2025, ≈ 10.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 25, 2026