KIMCO REALTY CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data KIMCO REALTY CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,171	1,201	1,165	1,159	1,058	1,365	1,728	1,783	2,037	2,140
General and administrative	86.8	91.7	87.8	96.9	93.2	104	120	137	138	133
Operating expenses	870	863	812	761	732	971	1,177	1,220	1,409	1,432
Operating income	394	431	582	478	333	424	565	639	629	771
Interest expense	193	192	183	177	187	204	227	250	308	330
Other non-operating income	5.43	2.56	16.5	11	4.12	19.8	28.8	28	28.1	2.05
Pre-tax income	161	240	399	312	928	745	44.3	644	351	494
Income tax	78.6	-0.88	1.6	-3.32	0.98	3.38	56.7	61	25.4	1.05
Income from continuing operations	333	372
Net income to minority interests	7.29	13.6
Net income	379	426	498	411	1,001	844	126	654	411	585
EBITDA	749	792	893	755	622	820	1,070	1,146	1,233	1,398
EPS, basic	0.79	0.87	1.02
EPS, diluted	0.79	0.87	1.02
Shares, basic (weighted)	418	424	421	420	430	506	616	617	672	675
Shares, diluted (weighted)	420	424	421	422	432	511	618	618	672	675
Dividend per share	1.04	1.09	1.12	1.12	0.54	0.68	0.84	1.02	0.97	1.01

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	142	239	144	124	293	326	147	781	689	212
Lease right-of-use assets			0	99.1	102	147	134	128	126	128
Intangible assets									1,247	1,227
Total assets	11,231	11,764	10,999	10,998	11,614	18,459	17,826	18,274	20,310	19,688
Total liabilities	5,741	6,225	5,564	6,051	5,928	8,336	8,086	8,548	9,464	9,120
Total debt	3,927	4,596	4,382	4,832	5,044	7,027	6,781	7,263	7,965	7,719
Paid-in capital	5,923	6,153	6,117	5,765	5,767	9,592	9,618	9,638	11,033	10,923
Retained earnings						299	-120	-123	-399	-529
Other comprehensive income	5.77	-1.48			0	2.22	10.6	3.33	11	-8.79
Shareholders' equity	5,256	5,394	5,334	4,865	5,608	9,899	9,516	9,525	10,653	10,392
Minority interests	147	128	77.2	64	62.2	211	131	128	145	152
Total equity	5,403	5,530	5,411	4,929	5,670	10,110	9,647	9,653	10,798	10,543
Total liabilities and equity	11,231	11,764	10,999	10,998	11,614	18,459	17,826	18,274	20,310	19,688
Shares outstanding	425	426	421	432	433	617	618	620	679	674

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	386	440	498	414	1,003	850	115	666	419	593
Depreciation and amortization	355	361	310	278	289	395	505	507	604	627
Stock-based compensation	19.1	21.6	18.2	20.2	23.7	23.2	26.6	33.1	34.9	33.2
Deferred income tax	55.1	0.81	0	0
Change in payables	-7.89	4.42	-9.18	-3.61	5.58	-105	37.7	5.83	-21.7	-5.34
Cash from operations	592	614	638	584	590	619	861	1,072	1,006	1,120
Capital expenditures	-143	-207	-291							-18.4
Acquisitions	-256	-325		0	0	-264	0	0	-149	0
Purchases of investments	-2.47	-9.82	-0.06	-0.24	0	0	-4	-3.61	-1.38	-1.36
Sales and maturities of investments	1.94	3.15	0.96	2.02	0.93	0.38	303	293	301	1
Cash from investing	165	-294	254	-120	-33.3	-476	-63.2	-137	-319	-377
Stock issued	21.1	1.5	0.6	3.9	1	6.1	4.2	3.7
Share buybacks		0	-75.1	0	0			0	0	-120
Dividends paid	-474	-506	-530	-532	-380	-382	-545	-657	-686	-715
Cash from financing	-805	-224	-987	-483	-387	-101	-983	-301	-781	-1,220
Net change in cash	-47	96	-94.9	-19.6	169	41.5	-185	634	-94	-477
Free cash flow	449	407	347							1,102
Interest paid	252	192	200	169	184	198	258	250	301	319
Income taxes paid	6.09	-14.5	0.51	-1.11	0.75	1.96	11.9	65.3	60.9	23.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $22.44 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	36.0%	Operating income / revenue.
EBITDA margin	64.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	22.9%	Pre-tax income / revenue.
Net margin	27.8%	Net income / revenue.
Operating cash flow margin	53.9%	Cash from operations / revenue.
Effective tax rate	-0.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	5.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.0%	Net income / average total assets.
Return on invested capital (ROIC)	6.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	1.5%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	28.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	7.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	15.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	22.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	10.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	18.3%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	13.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	9.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	17.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	42.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	66.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-10.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	11.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	9.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	13.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	4.1%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	6.3%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	13.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-2.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	13.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-3.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	11.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	3.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	9.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	48.0%	Total liabilities / total assets.
Interest coverage	2.35x	Operating income / interest expense.
Tangible book value	$10.27B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.11x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.90	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$3.25	Revenue / diluted weighted shares.
Operating cash flow per share	$1.75	Cash from operations / diluted weighted shares.
Book value per share	$15.32	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$15.32	Tangible book value / shares outstanding.
Cash per share	$1.04	(Cash + short-term investments) / shares outstanding.
Payout ratio	119.6%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$15.05B	Share price x shares outstanding.
Enterprise value	$14.35B	Market cap + total debt - cash - short-term investments.
P/E	24.8x	Market cap / net income. Only when net income is positive.
P/S	6.88x	Market cap / revenue.
P/B	1.47x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.47x	Market cap / tangible book value, when positive.
P/OCF	12.8x	Market cap / cash from operations, when positive.
EV/Sales	6.56x	Enterprise value / revenue.
EV/EBIT	18.2x	Enterprise value / operating income, when both are positive.
EV/EBITDA	10.2x	Enterprise value / EBITDA, when both are positive.
Earnings yield	4.0%	Net income / market cap (the inverse of P/E).
Dividend yield	4.8%	Dividends paid over the period / market cap.
Shareholder yield	5.9%	(Dividends paid + share buybacks) / market cap.

What was KIMCO REALTY CORP's revenue in fiscal 2025?

KIMCO REALTY CORP reported revenue of $2.14B for fiscal 2025, 5.1% higher than the year before.

Was KIMCO REALTY CORP profitable in fiscal 2025?

Yes. Net income was $584.7M, a net margin of 27.3%.

How much free cash flow did KIMCO REALTY CORP generate in fiscal 2025?

Cash from operations of $1.12B minus capital expenditures of $18.4M left free cash flow of $1.10B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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