Kimco Realty Corporation

Real Estate & Construction commercial real estate real estate investments

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2015, the company owned interests in 710 shopping centers comprising 105 million square feet of leasable space across 39 states, Puerto Rico, and Canada. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

Company Growth (employees)

Type

Public

New Hyde Park, US

Size (employees)

551 (est)

Website

kimcorealty.com

Kimco Realty Corporation is headquartered in New Hyde Park, US

Kimco Realty Corporation Office Locations

Kimco Realty Corporation has an office in New Hyde Park

New Hyde Park, US (HQ)

3333 New Hyde Park Rd

Kimco Realty Corporation Data and Metrics

Kimco Realty Corporation Financial Metrics

Kimco Realty Corporation's revenue was reported to be $293.6 m in Q1, 2017

Summary

USD

Kimco Realty Corporation's current market capitalization is $8.3 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	946.7 m	993.9 m	1.2 b	1.2 b
Revenue growth, %		5%	17%	0%
General and administrative expense				117.3 m
Operating expense total			823.2 m	870 m
EBIT			343.6 m	300.8 m
EBIT margin, %			29%	26%
Interest expense			218.9 m	192.5 m
Net Income	241.4 m	435.9 m	900.1 m	386.1 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	260.2 m	262 m	283.5 m	294.1 m	288.4 m	297.2 m	291.5 m	285.1 m	293.6 m
General and administrative expense	28.8 m	28.7 m	32.7 m	29.3 m	27.3 m	31.9 m	29.9 m	28 m	30.6 m
Operating expense total	28.8 m	28.7 m	32.7 m	29.3 m	27.3 m	31.9 m	29.9 m	28 m	30.6 m
EBIT	7.8 m	89.8 m	94 m	92.2 m	75 m	99.3 m	53.7 m	76.1 m	92.6 m
EBIT margin, %	3%	34%	33%	31%	26%	33%	18%	27%	32%
Interest expense	(52.8 m)	(51.6 m)	(52.6 m)	(56.1 m)	(54 m)	(52.5 m)	(50.5 m)	(46.6 m)	(46.5 m)
Net Income	92 m	197.3 m	312.7 m	127.6 m	81.1 m	142.2 m	204.8 m	(41.5 m)	78.2 m

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	148.8 m	187.3 m	189.5 m	142.5 m
Total Assets	9.7 b	10.3 b	11.3 b	11.2 b
Accounts Payable	124.3 m	129.5 m	150.1 m	145.8 m
Dividends Payable	104.5 m	111.1 m	115.2 m	124.5 m
Total Debt	6.4 b	6.4 b	7.5 b	7.9 b
Total Liabilities				5.7 b
Additional Paid-in Capital	5.7 b	5.7 b	5.6 b	5.9 b
Total Equity	4.8 b	4.9 b	5.2 b	5.4 b
Debt to Equity Ratio	1.3 x	1.3 x	1.5 x	1.5 x
Debt to Assets Ratio	0.7 x	0.6 x	0.7 x	0.7 x
Financial Leverage	2 x	2.1 x	2.2 x	2.1 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	192.2 m	154.2 m	221 m	145.8 m	180.9 m	222 m	337.8 m	170.5 m	167.5 m
Total Assets	10.2 b	10.3 b	11.7 b	11.5 b	11.4 b	11.2 b	11.4 b	11.2 b	11.2 b
Dividends Payable	104.8 m	104.9 m	111.4 m	111.5 m	111.5 m
Additional Paid-in Capital	5.7 b	5.7 b	5.8 b	5.8 b	5.8 b	5.7 b	5.8 b	5.9 b	5.9 b
Total Equity	4.7 b	4.8 b	5.2 b	5.1 b	5.1 b	5.3 b	5.4 b	5.4 b	5.4 b
Financial Leverage	2.1 x	2.1 x	2.3 x	2.2 x	2.2 x	2.1 x	2.1 x	2.1 x	2.1 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	241.4 m	435.9 m	900.1 m	386.1 m
Depreciation and Amortization	257.9 m	273.1 m	344.5 m	355.3 m
Accounts Payable	10.2 m	(1.1 m)	164 k	(7.9 m)
Dividends Paid	(400.4 m)	(427.9 m)	(455.8 m)	(474 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	92 m	197.3 m	312.7 m	127.6 m	81.1 m	142.2 m	204.8 m	(41.5 m)	78.2 m
Depreciation and Amortization	66 m	69.2 m	74.6 m	80.2 m	103.7 m	84.9 m	82.8 m	96.8 m	92.1 m