Kimco Realty (KIM) FY2024 results: revenue $2.0 billion, up 14.2% on the year
Kimco Realty Corp. (KIM) reported revenue of $2.0 billion for fiscal 2024, the year ended 31 December 2024, up 14.2% on the year before. Net income was $411 million, down 37.2%, and diluted earnings per share $0.55. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$2.0 billion
+14.2% on the year
FY2017FY2024
Operating margin
30.9%
35.8% a year earlier
FY2017FY2024
Net income
$411 million
-37.2% on the year
FY2017FY2024
Diluted EPS
$0.55
-46.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,006
1,072
861
-6.2%
Capital expenditure
n/a
n/a
0.0
Free cash flow
n/a
n/a
861
Free cash flow margin
n/a
n/a
49.8%
Cash from investing
-319
-137
-63.2
Cash from financing
-781
-301
-983
Depreciation and amortisation
604
507
505
+19.0%
Share-based compensation
34.9
33.1
26.6
+5.6%
Buybacks
0.0
0.0
n/a
Dividends paid
683
657
545
+3.9%
Dividend per share
$0.97
$1.02
$0.84
-4.9%
Diluted shares, weighted
672m
618m
618m
+8.7%
Shares outstanding at period end
679m
620m
618m
+9.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,653
9,525
9,516
+11.8%
Non-controlling interest
145
128
131
+13.6%
Redeemable equity
47.9
72.3
92.9
-33.8%
Debt
8,461
7,617
7,158
+11.1%
Other liabilities
1,003
931
928
+7.7%
Total liabilities and equity
20,310
18,274
17,826
+11.1%
Intangible assets
1,247
n/a
n/a
Cash and equivalents
689
781
147
-11.8%
Other assets
18,374
17,494
17,679
+5.0%
Total assets
20,310
18,274
17,826
+11.1%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.