TakeoverPE & activists

KIMKIMCO REALTY CORP

Real Estate Investment Trusts · $16.4B market cap

0.3×

Less likely than average to be taken private

Top 46% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

0of 15 firedHow well they predict deals →

No signals fired.

15 other checks
  • TSR below peersNo
    1 of 5 years
    3+ of last 5 years
  • High CEO pay despite TSRNo
    $12M median
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    202% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    2% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    74% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    —
    Over 40% of assets
  • Shareholder dissentNo
    93% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    —
    Bottom quartile of its SIC industry
  • Quiet on AINo
    1.5 per 10K words · 46th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    5.0× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $16.4B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    —
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    —
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    −$199K net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Dec 13, 2024SC 13E3/A———

Key numbers

Revenue
$2.1BFY2021: $15MFY2022: $17MFY2023: $1.8BFY2024: $2.0BFY2025: $2.1B
5.1% YoY
Operating margin
36.0%FY2021: 2850.8%FY2022: 3358.7%FY2023: 35.8%FY2024: 30.9%FY2025: 36.0%
17% YoY
EBITDA
$1.4BFY2021: $820MFY2022: $1.1BFY2023: $1.1BFY2024: $1.2BFY2025: $1.4B
13% YoY
Net debt / EBITDA
5.0×
$7.0B net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$15M$17M$1.8B$2.0B$2.1B 5.1% FY2021: $15MFY2022: $17MFY2023: $1.8BFY2024: $2.0BFY2025: $2.1B
Operating income$424M$565M$639M$629M$771M 23% FY2021: $424MFY2022: $565MFY2023: $639MFY2024: $629MFY2025: $771M
Net income$819M$101M$629M$376M$554M 48% FY2021: $819MFY2022: $101MFY2023: $629MFY2024: $376MFY2025: $554M
Operating cash flow$619M$861M$1.1B$1.0B$1.1B 11% FY2021: $619MFY2022: $861MFY2023: $1.1BFY2024: $1.0BFY2025: $1.1B
Capex————$18M
Stock-based comp$23M$27M$33M$35M$33M 4.8% FY2021: $23MFY2022: $27MFY2023: $33MFY2024: $35MFY2025: $33M
Buybacks——$0$0$120MFY2023: $0FY2024: $0FY2025: $120M
Dividends$382M$545M$657M$683M$712M 4.2% FY2021: $382MFY2022: $545MFY2023: $657MFY2024: $683MFY2025: $712M

13D filers

None on file.

Insider trading

−$199Knet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $199K · 1 trade

Pay vs performance

YearCEO total compComp actually paidTSR (indexed)Peer TSR
FY2025$12M$10M167176
FY2024$11M$18M184184
FY2023$14M$15M160158
FY2022$12M$11M151142
FY2021$10M$23M169164