KIMCO REALTY CORP

10-K & 10-Q Filings

Kimco Realty Corporation is a publicly traded real estate investment trust (REIT) and the largest owner and operator of open-air, grocery-anchored shopping centers in North America. The company's mission is to create destinations for everyday living that inspire a sense of community and deliver value to stakeholders. Kimco Realty began operations in 1966 and went public in 1991, electing to qualify as a REIT under the Internal Revenue Code of 1986. The company's common stock, Class L Depositary Shares, Class M Depositary Shares, and Class N Depositary Shares are traded on the New York Stock Exchange under the symbols "KIM", "KIMprL", "KIMprM", and "KIMprN", respectively. As of December 31, 2023, Kimco Realty had interests in 523 shopping center properties and 21 other property interests, totaling 95.2 million square feet of gross leasable area (GLA). The company's business strategy includes increasing the value of its existing portfolio, generating higher levels of portfolio growth, maintaining strong debt metrics, and continuing growth in desirable demographic areas. Kimco Realty's shopping centers provide essential goods and services to local communities and are primarily anchored by a grocery store, home improvement center, off-price retailer, discounter, and/or service-oriented tenant. In January 2024, Kimco Realty completed the acquisition of RPT Realty through a series of mergers, adding 56 open-air shopping centers and 43 properties owned through a joint venture to its portfolio. The company's website is www.kimco.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$916.29
922.30
946.67
993.90
1166.77
1170.79
1200.83
1164.76
1158.88
1057.89
1364.59
1727.68
1783.40
442.89
503.75
5.71%13.74%Cost of Revenue (-)
$-131.13
128.04
130.91
138.92
159.50
157.61
168.34
153.34
153.66
157.66
181.26
224.73
231.58
57.51
63.36
10.18%Gross Profit (+)
$
794.26
815.76
854.98
1007.27
1013.18
1032.49
1011.43
1005.23
900.23
1183.33
1502.95
1551.82
385.39
440.39
14.27%Selling, General & Administrative (-)
$-118.94
124.48
127.91
122.20
122.73
117.30
118.45
87.80
96.94
93.22
104.12
119.53
136.81
34.75
36.30
4.46%Depreciation & Amortization (-)
$-247.55
249.49
247.54
258.07
344.53
355.32
360.81
310.38
277.88
288.95
395.32
505.00
507.26
126.30
154.72
22.50%Non-recurring Operating Expenses (-)
$
59.57
190.22
217.86
45.46
93.27
67.33
79.21
48.74
6.62
53.79
21.96
18.81
11.81
28.95
145.19%Operating Expenses (-)
$-491.38
1224.00
1410.25
1406.29
1486.98
1582.33
1558.37
812.20
760.51
731.76
971.14
1177.40
1219.60
309.62
373.38
20.59%Costs & Expenses (Total) (-)
$-622.51
664.79
721.17
683.58
823.20
869.97
863.36
965.53
914.17
889.43
1152.40
1402.13
1451.18
367.12
436.74
18.96%Operating Income/Loss (+)
$1538.80
257.51
225.50
310.31
343.57
300.82
337.48
582.41
477.59
332.61
424.29
565.46
638.78
172.48
130.69
-7.06%-24.23%Non-operating Income/Expense (+)
$80.83
107.09
225.16
151.98
521.69
176.83
61.57
71.90
110.05
72.56
127.76
148.05
244.79
29.46
34.53
9.67%17.21%Interest Expense (-)
$-225.03
-227.59
-213.91
-203.76
-218.89
192.55
191.96
183.34
177.40
186.90
204.13
226.82
250.20
61.31
74.56
21.63%Earnings before Tax (+)
$80.44
34.07
34.67
102.11
168.92
68.03
146.33
399.35
312.01
927.87
745.13
44.30
643.91
298.28
40.53
18.93%-86.41%Tax Expense (-)
$-19.54
-3.94
-34.52
-22.44
-60.23
-72.55
-0.88
1.60
-3.32
0.98
3.38
56.65
60.95
30.83
72.01
133.58%Income/Loss (Continuing Operations) (+)
$176.75
211.98
261.68
384.51
774.40
299.35
346.13
397.75
315.32
926.90
741.75
-12.35
582.96
267.45
-31.48
10.46%-111.77%Income/Loss (Discontinued Operations) (+)
$5.23
64.00
-43.52
101.97
-0.03
86.78
93.54
Profit/Loss (+)
$182.09
280.27
241.35
435.88
900.14
386.14
439.67
498.46
413.56
1002.88
849.70
114.53
665.95
293.78
-9.04
11.41%-103.08%Net Income/Loss (NCI) (-)
$-13.04
-14.20
-5.07
-11.88
-6.03
7.29
13.60
0.67
2.96
2.04
5.64
-11.44
11.68
4.01
1.94
-51.76%Net Income/Loss (+)
$169.05
266.07
236.28
424.00
894.12
378.85
426.07
497.80
410.61
1000.83
844.06
125.98
654.27
289.76
-10.97
11.94%-103.79%Preferred & Other Distributions (-)
$-59.36
-93.40
-58.29
-58.29
-62.90
46.22
53.61
58.19
70.62
25.42
25.42
25.22
25.02
6.25
7.94
27.05%Net Income/Loss (Common) (+)
$109.69
172.67
177.99
365.71
831.22
332.63
372.46
439.60
339.99
975.42
818.64
100.76
629.25
283.51
-18.92
15.67%-106.67%EPS (Basic)
$0.27
0.42
0.43
0.89
2.01
0.79
0.87
1.02
0.80
2.26
1.61
0.16
1.02
0.46
-0.03
11.71%-106.52%EPS (Diluted)
$0.27
0.42
0.43
0.89
2.00
0.79
0.87
1.02
0.80
2.25
1.60
0.16
1.02
0.46
-0.03
11.71%-106.52%Weighted Avg Shares (Basic)
406.53
406.00
407.63
409.09
411.32
418.40
423.61
420.64
420.37
429.95
506.25
615.53
616.95
616.49
670.12
3.54%8.70%Weighted Avg Shares (Diluted)
407.67
406.69
408.61
411.04
412.85
419.71
424.02
421.38
421.80
431.63
511.38
617.86
618.20
619.63
670.12
3.53%8.15%Cash
$112.88
141.88
148.77
187.32
189.53
142.49
238.51
143.58
123.95
293.19
334.66
149.83
783.76
329.18
136.77
17.52%-58.45%Securities & Long-term Investments
$6904.49
7104.56
7146.85
7930.49
9274.30
21067.80
10220.39
9250.52
9209.05
9346.04
15035.90
15039.83
15094.92
15559.60
16629.12
6.74%6.87%Property, Plant & Equipment (Net)
$
99.13
102.37
147.46
133.73
128.26
132.02
132.71
0.52%Other Assets
$2280.23
2289.86
2368.02
2167.92
1880.34
1327.03
1304.82
1605.00
1565.74
1872.90
2941.18
2502.73
2267.08
1940.43
2567.78
-0.05%32.33%Assets (Total)
$9614.52
9740.81
9663.63
10285.73
11344.17
11230.60
11763.73
10999.10
10997.87
11614.50
18459.20
17826.12
18274.02
17961.23
19466.38
5.50%8.38%Accounts Payable
$237.33
208.40
228.79
240.65
265.24
270.27
314.59
305.16
296.36
151.82
225.67
213.14
221.54
208.38
246.45
-0.57%18.27%Debt (Current)
$45.13
Debt (Non-current)
$4114.39
4195.32
4221.40
4620.30
5376.31
5066.37
5478.93
4873.87
5408.48
5452.10
7475.70
7157.89
7616.80
7152.34
7593.95
5.27%6.17%Other Liabilities
$242.45
323.53
357.76
431.53
433.96
404.14
431.91
385.33
346.18
324.54
634.16
715.25
709.95
721.68
787.69
9.37%9.15%Liabilities (Total)
$4639.30
4727.25
4807.95
5292.48
6075.51
5740.77
6225.44
5564.36
6051.02
5928.46
8335.54
8086.28
8548.29
8082.39
8628.08
5.22%6.75%Retained Earnings
$
299.12
-119.55
-122.58
21.39
-303.30
-1517.96%AOCI
$-107.66
-66.18
-64.98
45.12
5.59
5.77
-1.48
2.22
10.58
3.33
10.58
10.28
-2.85%Shareholder's Equity
$4880.14
4932.48
4769.53
4901.77
5181.95
5402.87
5522.15
5411.05
4928.91
5670.25
10110.18
9646.91
9653.46
9785.91
10767.86
5.85%10.03%Liabilities & Equity
$9614.52
9740.81
9663.63
10285.73
11344.17
11230.60
11763.73
10999.10
10997.87
11614.50
18459.20
17826.12
18274.02
17961.23
19466.38
5.50%8.38%Net Income/Loss
$182.09
280.27
241.35
435.88
900.14
386.14
439.67
498.46
413.56
1002.88
849.70
114.53
665.95
293.78
-9.04
11.41%-103.08%Depreciation & Amortization
$251.14
262.74
257.86
273.09
344.53
355.32
360.81
310.38
277.88
288.95
395.32
476.37
498.07
123.99
154.01
5.87%24.21%Increase/Decrease in Working Capital
$-18.91
-18.86
-84.71
-59.98
-103.01
56.33
43.48
55.17
93.18
20.74
100.44
-4.34
-4.39
41.02
-0.40
-100.98%Share-based Compensation
$
17.88
18.46
19.07
21.56
18.22
20.20
23.68
23.15
26.64
33.05
9.33
10.04
7.62%Adjustments to Reconcile Net Income
$266.52
198.78
328.68
193.46
-406.44
205.96
174.51
139.47
170.07
-412.96
-230.82
746.58
405.66
49.34
185.13
3.56%275.25%Net Cash (Operating)
$448.61
479.05
570.03
629.34
493.70
592.10
614.18
637.94
583.63
589.91
618.88
861.11
1071.61
345.23
176.09
7.53%-48.99%Capital Expenditure
$-733.03
-1224.38
-1144.55
-1294.72
-1389.95
248.33
384.89
-181.73
-177.77
7.69
-26.30
-96.99
-135.57
-58.14
87.27
250.11%Net Cash (Investing)
$-20.76
-51.00
72.23
126.70
21.36
165.38
-294.28
253.65
-120.42
-33.27
-476.26
-63.22
-136.98
43.56
201.43
362.43%Increase/Decrease in Debt
$546.95
379.73
913.94
487.07
1623.04
-555.30
186.55
-389.73
447.28
45.85
260.09
-347.80
439.23
-39.98
-835.42
-1.81%-1989.55%Increase/Decrease in Equity
$24.02
829.83
38.25
35.78
35.61
281.72
417.64
-42.64
196.31
-17.06
74.79
-8.25
-10.25
-2.57
-1.54
40.09%Interest Expenses
$220.27
226.78
216.26
207.63
232.95
252.48
192.16
199.70
169.03
183.56
197.95
257.98
250.43
54.85
73.56
1.08%34.11%Dividends Paid
$-353.76
-382.72
-400.35
-427.87
-455.83
474.05
506.17
529.76
531.57
379.87
382.13
544.74
657.46
148.88
168.34
13.07%Net Cash (Financing)
$-440.13
-399.06
-635.38
-717.49
-512.85
-804.53
-223.87
-986.51
-482.84
-387.40
-101.14
-982.73
-300.70
-209.44
-1024.51
-389.16%Cash Taxes Paid
$2.61
2.12
33.84
23.29
100.37
6.09
-14.46
0.51
-1.11
0.75
1.96
11.87
65.27
51.16
30.79%Increase/Decrease in Cash
$-12.27
28.99
6.89
38.55
2.21
-47.05
96.03
-94.93
-19.63
169.24
41.48
-184.83
633.93
179.35
-646.99
-460.75%Cash (Beginning)
$125.15
112.88
141.88
148.77
187.32
189.53
142.49
238.51
143.58
123.95
293.19
334.66
149.83
149.83
783.76
1.51%423.10%Cash (Ending)
$112.88
141.88
148.77
187.32
189.53
142.49
238.51
143.58
123.95
293.19
334.66
149.83
783.76
329.18
136.77
17.52%-58.45%NOPAT
$1538.80
257.51
225.50
310.31
343.57
300.82
337.48
582.41
477.59
332.61
424.29
565.46
638.78
172.48
130.69
-7.06%-24.23%Gross Margin %
86.12%
86.17%
86.02%
86.33%
86.54%
85.98%
86.84%
86.74%
85.10%
86.72%
86.99%
87.01%
87.02%
87.42%
Operating Margin %
167.94%
27.92%
23.82%
31.22%
29.45%
25.69%
28.10%
50.00%
41.21%
31.44%
31.09%
32.73%
35.82%
38.94%
25.94%
NOPAT Margin %
167.94%
27.92%
23.82%
31.22%
29.45%
25.69%
28.10%
50.00%
41.21%
31.44%
31.09%
32.73%
35.82%
38.94%
25.94%
Net Margin %
18.45%
28.85%
24.96%
42.66%
76.63%
32.36%
35.48%
42.74%
35.43%
94.61%
61.85%
7.29%
36.69%
65.43%
-2.18%
ROA
16.00%
2.64%
2.33%
3.02%
3.03%
2.68%
2.87%
5.30%
4.34%
2.86%
2.30%
3.17%
3.50%
0.96%
0.67%
ROE
31.53%
5.22%
4.73%
6.33%
6.63%
5.57%
6.11%
10.76%
9.69%
5.87%
4.20%
5.86%
6.62%
1.76%
1.21%
Equity Multiplier
1.97
1.97
2.03
2.10
2.19
2.08
2.13
2.03
2.23
2.05
1.83
1.85
1.89
1.84
1.81
Debt/Equity Ratio
0.85
0.85
0.89
0.94
1.04
0.94
0.99
0.90
1.10
0.96
0.74
0.74
0.79
0.73
0.71
Dividend Payout Ratio %
-22.99%
-148.62%
-177.54%
-137.88%
-132.67%
157.58%
149.99%
90.96%
111.30%
114.21%
90.06%
96.34%
102.92%
86.32%
128.80%
Total Payout
$-704.46
-1365.51
-1136.28
-743.09
-1881.53
1000.11
94.13
1161.83
57.01
534.64
245.20
1158.77
478.90
246.28
1078.86
338.07%Payout Ratio %
-45.78%
-530.27%
-503.89%
-239.46%
-547.64%
332.46%
27.89%
199.49%
11.94%
160.74%
57.79%
204.92%
74.97%
142.79%
825.48%