Stock fact sheet · data as of
Kimco Realty Corporation (KIM): fair value, margin of safety and Wheel Score
Real Estate · REIT - Retail · United States · High Yield Income
Is KIM undervalued?
At 22.67 (close of 16 Oct 2026), KIM trades within a few percent of the GLS average fair value of 21.24 (6.7% above fair value). 9 models produced a value and they split 4 above the price to 5 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between Lynch (1.45) and Payback Time (41.46). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files KIM under High Yield Income: a dividend yield above 4%.
Nine valuation models for KIM
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 36.39 | +61% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 17.63 | -22% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 10.34 | -54% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.45 | -94% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 29.77 | +31% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 28.47 | +26% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 41.46 | +83% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 15.60 | -31% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 10.04 | -56% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -12.16 | -154% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 26.09 | +15% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Kimco Realty Corporation scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 4.6/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 3.1%, ROE 5.6%, ROA 3.0% - with debt at 0.83 times equity and a free-cash-flow yield of 5.6%.
The dividend yield is high at 4.68% (payout ratio 120%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Management and Other Fee Incomes 100% (quarter Q1 FY2019).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 10/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 3.1% |
|---|---|---|---|
| GLS Moat | 4.6 / 10 | ROE | 5.6% |
| Debt / equity | 0.83 | ROA | 3.0% |
| Free-cash-flow yield | 5.6% | Payout ratio | 120% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 10 / 10 |
Wheel Score 65: Good
With a Wheel Score of 65 - the Good band - Kimco Realty Corporation falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 10/25, Health 16/20, Moat 7/15, Premium 12/20, Stability 20/20; Value (10/25) scores lowest.
Implied volatility is 27% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (12 of 20 points). Chain open interest is 8,149 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 5.0M shares a day on a market cap of $15.2B, with a beta of 0.96; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 10 / 25 | -7% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 7 / 15 | moat 4.6/10 | |
| Premium | 12 / 20 | implied volatility 27% | |
| Stability | 20 / 20 | 5.0M shares/day, $15.2B cap, beta 0.96 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Kimco Realty Corporation reports earnings on 29 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Retail
The 12 companies below are the closest to Kimco Realty Corporation by market cap within the REIT - Retail industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| REG Regency Centers Corporation | 71.77 | 48.52 | -48% | 56Fair | $13.1B |
| REGCO Regency Centers Corporation | 21.35 | 38.84 | +45% | 39No options | $13.1B |
| REGCP Regency Centers Corporation | 21.82 | 39.05 | +44% | 39No options | $13.1B |
| FRT Federal Realty Investment Trust | 105.68 | 74.69 | -41% | 54Fair | $9.2B |
| BRX Brixmor Property Group Inc. | 27.43 | 23.66 | -16% | 65Good | $8.4B |
| ADC Agree Realty Corporation | 66.56 | 51.60 | -29% | 58Fair | $8.3B |
| NNN NNN REIT, Inc. | 41.15 | 37.64 | -9% | 60Fair | $7.8B |
| MAC The Macerich Company | 23.09 | 10.03 | -130% | 45Weak | $6.8B |
| KRG Kite Realty Group Trust | 24.52 | 37.10 | +34% | 86Prime | $4.9B |
| PECO Phillips Edison & Co. | 37.58 | 31.75 | -18% | 58Fair | $4.8B |
| O Realty Income Corporation | 55.55 | 31.27 | -78% | 51Fair | $52.6B |
| SKT Tanger Inc. | 34.33 | 22.28 | -54% | 52Fair | $3.9B |
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Start free See the Sunday ScanQuestions about KIM
Is KIM undervalued right now?
Not meaningfully: at 22.67 the stock trades within a few percent of the GLS average fair value of 21.24 (6.7% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of KIM and what does it mean?
KIM scores 65 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for KIM?
21.24 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Kimco Realty Corporation report earnings next?
The next earnings report is due on 29 Oct 2026 (before the open), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does KIM have listed options, and how liquid are they?
Yes. The nightly snapshot found 104 listed contracts with 8,149 open interest across all expiries and implied volatility of 27% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.