With a market cap of $14.4 billion, Kimco Realty Corporation (KIM) is one of North America's largest publicly traded real estate investment trusts (REITs), specializing in high-quality, open-air, grocery-anchored shopping centers and mixed-use properties. Strengthened by its merger with Weingarten Realty Investors, the company benefits from enhanced tenant diversity and a nationally scaled portfolio, driving consistent value creation.
Companies worth more than $10 billion are generally labeled as “large-cap” stocks and Kimco Realty fits this criterion perfectly. With a strategic focus on first-ring suburbs in major metropolitan areas—including high-barrier coastal markets and fast-growing Sun Belt cities, Kimco owns interests in 567 U.S. properties totaling 101 million square feet of gross leasable space as of March 31, 2025.
Shares of the Jericho, New York-based company have declined 17.7% from its 52-week high of $25.83. Over the past three months, its shares have fallen marginally, underperforming the broader Dow Jones Industrials Average's ($DOWI) marginal rise during the same period.
Longer term, KIM stock is down 9.3% on a YTD basis, lagging behind DOWI's marginal gain. Moreover, shares of Kimco Realty have gained 11% over the past 52 weeks, compared to DOWI’s 8.8% increase over the same time frame.
The stock has fallen below its 200-day moving average since mid-February.
Shares of Kimco Realty climbed 4.9% on May 1 after the company posted strong Q1 2025 results and raised its full-year outlook. Funds from operations (FFO) came in at $0.44 per share and revenue of $536.6 million, beating analyst expectations. The beat was driven by steady demand at its grocery-anchored shopping centers. Additionally, Kimco raised its full-year FFO outlook to $1.71 per share - $1.74 per share, signaling confidence in continued leasing strength and pricing power amid limited retail space supply.
However, rival Realty Income Corporation (O) has outpaced KIM stock on a YTD basis, returning 8.8%. But, Realty Income stock has gained 8.4% over the past 52 weeks, lagging behind KIM’s performance.
Despite the stock’s weak performance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from 22 analysts in coverage, and as of writing, KIM is trading below the mean price target of $24.14.
