Kimco Realty (KIM) financial statements
Kimco Realty reported revenue of $2.1B in fiscal 2025, up 6.9% a year over 9 years.
Net income was $585M and the operating margin 36.0%, against 33.6% in 2016.
Free cash flow was $1.1B, and the company returned $712M in dividends and $120M in net buybacks.
The diluted share count rose 61% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kimco Realty's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $17M | $15M | $17M | $13M | $15M | $17M | $1.8B | $2.0B | $2.1B |
| Selling, general and admin | $87M | $92M | $88M | $97M | $93M | $104M | $120M | $137M | $138M | $133M |
| Operating income | $394M | $431M | $582M | $478M | $333M | $424M | $565M | $639M | $629M | $771M |
| Interest expense | $193M | $192M | $183M | $177M | $187M | $204M | $227M | $250M | $308M | $330M |
| Pre-tax income | $161M | $240M | $399M | $312M | $928M | $745M | $44M | $644M | $351M | $494M |
| Income tax | $79M | -$880,000 | $2M | -$3M | $978,000 | $3M | $57M | $61M | $25M | $1M |
| Net income | $379M | $426M | $498M | $411M | $1.0B | $844M | $126M | $654M | $411M | $585M |
| EPS (diluted) | $0.79 | $0.87 | $1.02 | — | — | — | — | — | — | — |
| Diluted shares | 420M | 424M | 421M | 422M | 432M | 511M | 618M | 618M | 672M | 675M |
| Operating margin | 33.6% | 2528.1% | 3842.0% | 2885.7% | 2557.6% | 2850.8% | 3358.7% | 35.8% | 30.9% | 36.0% |
| Net margin | 32.4% | 2499.1% | 3283.8% | 2481.0% | 7695.8% | 5671.3% | 748.3% | 36.7% | 20.2% | 27.3% |
Balance sheet
Fiscal years, from Kimco Realty's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $142M | $239M | $144M | $124M | $293M | $335M | $150M | $784M | $690M | $213M |
| Total assets | $11.2B | $11.8B | $11.0B | $11.0B | $11.6B | $18.5B | $17.8B | $18.3B | $20.3B | $19.7B |
| Total liabilities | $5.7B | $6.2B | $5.6B | $6.1B | $5.9B | $8.3B | $8.1B | $8.5B | $9.5B | $9.1B |
| Shareholders' equity | $5.3B | $5.4B | $5.3B | $4.9B | $5.6B | $9.9B | $9.5B | $9.5B | $10.7B | $10.4B |
| Net debt | -$142M | -$239M | -$144M | -$124M | -$293M | -$335M | -$150M | -$784M | -$690M | -$213M |
Cash flow
Fiscal years, from Kimco Realty's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $592M | $614M | $638M | $584M | $590M | $619M | $861M | $1.1B | $1.0B | $1.1B |
| Capital spending | $143M | $207M | $291M | — | — | — | — | — | — | $18M |
| Free cash flow | $449M | $407M | $347M | — | — | — | — | — | — | $1.1B |
| Stock-based compensation | $19M | $22M | $18M | $20M | $24M | $23M | $27M | $33M | $35M | $33M |
| Dividends paid | $474M | $506M | $530M | $532M | $380M | $382M | $545M | $657M | $683M | $712M |
| Share buybacks (net) | — | $0 | -$75M | $0 | $0 | — | — | $0 | $0 | -$120M |
| Free cash flow margin | 38.3% | 2389.5% | 2289.5% | — | — | — | — | — | — | 51.5% |
| Dividends per share | $1.13 | $1.19 | $1.26 | $1.26 | $0.88 | $0.75 | $0.88 | $1.06 | $1.02 | $1.05 |
Questions
What was Kimco Realty's revenue in 2025?
$2.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Kimco Realty generate?
$1.1B in fiscal 2025 (operating cash flow minus capital spending).
From Kimco Realty's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.