On 12 Nov 2026 our base value for Kimco Realty is $20.27 a share, 20.4% below its $25.46 close; 0 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO |
| Exit multiple (P/E) | — | — | not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO |
| Sum of the parts | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Price to sales | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Tangible book | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Price to FFO (REITs) | $20.27 | -20.4% | funds from operations $1.75 a share (FY2025) at its own 5-year median of 11.6× (today 14.6×) |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
| Fiscal year | Net income | Depreciation | FFO | Shares | FFO per share | Year-end close | P/FFO |
|---|---|---|---|---|---|---|---|
| 2021 | $849.70m | $395.32m | $1.25bn | 511.38m | $2.43 | $24.65 | 10.1× |
| 2022 | $114.53m | $491.41m | $605.94m | 617.86m | $0.98 | $21.18 | 21.6× |
| 2023 | $665.95m | $507.26m | $1.17bn | 618.20m | $1.90 | $21.31 | 11.2× |
| 2024 | $419.44m | $603.68m | $1.02bn | 672.14m | $1.52 | $23.43 | 15.4× |
| 2025 | $581.48m | $596.35m | $1.18bn | 674.15m | $1.75 | $20.27 | 11.6× |
| Median P/FFO | 11.6× |
| Latest FFO per share (FY2025) | $1.75 |
| Value per share = median × latest FFO per share | $20.27 |
For a REIT the base value is the price-to-FFO value: $20.27 a share.
Bear $19.62 · Base $20.27 · Bull $26.89 (the REIT's own lower and upper quartile price-to-FFO)
One-year price simulation: a 66% chance the price is higher than today's $25.46 in a year, from 18.29% volatility. The simulation assumes the price drifts up at our discount rate of 9.36% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $22.24 | $20.27 |
| 9 Oct 2026 | $22.16 | $20.27 |
| 16 Oct 2026 | $22.91 | $20.27 |
| 23 Oct 2026 | $23.62 | $20.27 |
| 30 Oct 2026 | $24.52 | $20.27 |
| 6 Nov 2026 | $25.52 | $20.27 |
| 12 Nov 2026 | $25.46 | $20.27 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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