Kimco Realty Corporation is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. The company was founded in 1966 and is based in New Hyde Park, New York.
KIM Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Kimco Realty Corp. To summarize, we found that Kimco Realty Corp ranked in the 51th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 11.5% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for KIM, they are:
Kimco Realty Corp's weighted average cost of capital (WACC) is 6%; for context, that number is higher than only 3.67% of tickers in our DCF set.
Kimco Realty Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 12.21% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Calling Kimco Realty ([[KIM]] +0.2%) "the most interesting local retail REIT at this time," Deutsche Bank upgrades the REIT to Buy from Hold, citing its "vastly refined" portfolio and its stake in Albertsons Companies.The REIT's high concentration of grocery-anchored centers, representing 77% of its annual base rent, puts it in...
Kimco Realty (KIM) gets ~$71.4M from its investment in Albertsons Companies (ACI) upon closing of the chain's initial public offering and expects to use its share of proceeds primarily to reduce debt.During Q2, Kimco expects to recognize a pretax gain of $55M-$65M from the sale of the Albertsons shares through...
JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that it received approximately $71.4 million from its investment in Albertsons Companies, Inc. (NYSE: ACI) (Albertsons) upon the closing of its initial public offering (IPO). Kimco intends to use its share of proceeds to primarily reduce debt. During the second quarter, Kimco expec