Kimco Realty Corporation (NYSE: KIM) is a leading real estate investment trust (REIT) specializing in the ownership and operation of open-air shopping centers. Kimco focuses on high-quality properties across the U.S., offering a diversified tenant base with a strong emphasis on grocery-anchored retail centers.
Key Takeaways:
- Kimco Realty Corporation’s stock price is projected to grow steadily over the next three decades.
- Our analysis predicts a compound annual growth rate (CAGR) of approximately 15.5% from 2024 to 2050.
- Factors influencing the forecast include market trends, economic conditions, and Kimco’s strategic positioning in the real estate sector.
- The stock price is expected to reach $1100 by 2050, representing significant long-term growth potential.
Overview of Kimco Realty Corporation
Kimco Realty Corporation, established in 1966, is a leading REIT headquartered in Jericho, New York. The company, formed through a merger of retail assets, went public in 1991. Its name combines the founders’ surnames, Kimmel and Cooper.
Over the years, Kimco has expanded through strategic acquisitions, including significant purchases in 1998 and 2003. By early 2024, following its 2021 Weingarten Realty acquisition, Kimco’s portfolio encompassed 567 properties across major metropolitan areas and Sun Belt cities, totaling over 101 million square feet of leasable space.
Kimco Realty Company Profile
| Country | United States |
| Ticker Symbol | KIM |
| Exchange | NYSE |
| Founded | 1958 |
| IPO Date | 1991 |
| Industry | REIT – Retail |
| Sector | Real Estate |
| Employees | 660 |
| CEO | Conor C. Flynn |
| Market Cap (August 16, 2024) | $15.03 billion |
| Website | kimcorealty |
Kimco Realty Corporation (KIM) Balance Sheet Analysis
Kimco Realty Corporation (NYSE: KIM) reported a robust financial position in its 2023 balance sheet. Total assets reached $18.27 billion, showing a modest increase from $17.83 billion in 2022. The company’s liabilities stood at $8.55 billion, while total equity remained strong at $9.73 billion.
The balance sheet revealed $9.53 billion in common stock equity, forming the bulk of Kimco’s equity position. Total debt amounted to $7.73 billion, with net debt at $6.84 billion, reflecting the company’s leveraged but manageable financial structure.
Kimco’s liquidity improved significantly, with working capital rising to $1.20 billion from $0.84 billion in the previous year. This increase indicates enhanced short-term financial flexibility for the real estate investment trust.
The company’s invested capital totaled $17.14 billion, demonstrating Kimco’s substantial property portfolio and ongoing commitment to growth in the retail real estate sector. With 619.87 million ordinary shares issued, Kimco maintains a strong presence in the stock market.
Balance Sheet Data Source: finance.yahoo
Kimco Realty Corporation Stock Price History
Kimco Realty Corporation (NYSE: KIM) had its IPO in the year 1991. Kimco Realty (KIM) has undergone three stock splits: 3:2 in 1995, 3:2 in 2001, and 2:1 in 2005. One pre-1995 share now equals 4.5 shares. The most recent split occurred on August 24, 2005.1
As of August 16, 2024, the stock price stands at $22.29.
KIM Stock Price Forecast 2024
In 2024, we anticipate Kimco’s stock to show modest growth. Our analysis suggests an average price of $24.52, representing a 10% increase from the current price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $18.29 | $24.52 | $29.42 |
Kimco’s focus on grocery-anchored shopping centers proves resilient in 2024. The company’s strategic property acquisitions in high-growth markets contribute to increased investor confidence. Additionally, Kimco’s implementation of advanced property management technologies enhances operational efficiency, positively impacting the bottom line and stock performance.
KIM Stock Price Forecast 2025
Moving into 2025, we expect the stock to continue its upward trend, with an average price projection of $27.71. This represents a 13% growth from the 2024 average.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $25.18 | $27.71 | $33.25 |
In 2025, Kimco benefits from a recovering retail sector. The company’s mixed-use development projects begin to yield results, attracting a diverse tenant base. Kimco’s commitment to sustainability initiatives resonates with environmentally conscious investors, contributing to the stock’s appeal. The company also expands its presence in emerging markets, driving growth.
KIM Stock Price Forecast 2026
For 2026, our model predicts further appreciation, with an average price of $31.59. This signifies a 14% increase from the previous year’s average.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $28.70 | $31.59 | $37.91 |
Kimco’s innovative approach to retail spaces pays off in 2026. The integration of e-commerce pickup points in its properties proves popular with tenants and shoppers. The company’s strategic redevelopment of underperforming assets into mixed-use properties enhances portfolio value. Kimco’s strong financial position allows for accretive acquisitions, further driving stock performance.
KIM Stock Price Forecast 2027
In 2027, we foresee continued growth for Kimco’s stock. The average price is projected to reach $35.38, marking a 12% rise from 2026.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $32.14 | $35.38 | $42.46 |
2027 sees Kimco capitalizing on the growing trend of experiential retail. The company’s properties increasingly feature entertainment and lifestyle elements, attracting higher foot traffic. Kimco’s data-driven approach to tenant selection and property management optimizes rental income. The company’s expansion into secondary markets proves successful, contributing to overall growth.
KIM Stock Price Forecast 2028
Our 2028 projection shows the stock maintaining its growth momentum. We anticipate an average price of $40.33, representing a 14% increase from the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $36.64 | $40.33 | $48.40 |
In 2028, Kimco benefits from favorable demographic trends, with millennials moving to suburbs and driving demand for convenient, open-air shopping centers. The company’s investments in smart building technologies enhance property efficiency and tenant satisfaction. Kimco’s strategic partnerships with emerging retail brands provide a competitive edge and drive occupancy rates.
KIM Stock Price Forecast 2029
For 2029, we expect Kimco’s stock to continue its upward trajectory. Our model suggests an average price of $45.17, indicating a 12% growth from 2028.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $41.06 | $45.17 | $54.20 |
2029 sees Kimco leveraging artificial intelligence for predictive maintenance and tenant mix optimization. The company’s focus on creating community-centric spaces pays off, with increased consumer loyalty. Kimco’s expansion into health and wellness-related tenants aligns with evolving consumer preferences, driving foot traffic and rental income growth.
KIM Stock Price Forecast 2030
As we enter the new decade, our 2030 forecast shows sustained growth for Kimco’s stock. We project an average price of $51.49, representing a 14% increase from 2029.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $46.81 | $51.49 | $61.79 |
In 2030, Kimco’s long-term sustainability initiatives bear fruit, with the company achieving carbon neutrality across its portfolio. This attracts environmentally conscious tenants and investors. The company’s innovative approach to last-mile delivery solutions enhances its properties’ appeal to retailers. Kimco’s strategic acquisitions in high-growth markets continue to drive portfolio value.
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KIM Stock Price Forecast 2031
In 2031, we anticipate further appreciation of Kimco’s stock value. Our analysis points to an average price of $58.69, marking a 14% rise from the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $53.35 | $58.69 | $70.43 |
Kimco’s 2031 performance is bolstered by its successful integration of augmented reality in shopping experiences. The company’s properties feature interactive AR displays, enhancing customer engagement. Kimco’s focus on creating multi-use community hubs continues to pay dividends, attracting a diverse mix of tenants and driving consistent foot traffic.
KIM Stock Price Forecast 2032
For 2032, our model projects continued growth for Kimco’s stock. We expect an average price of $66.32, signifying a 13% increase from 2031.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $60.29 | $66.32 | $79.58 |
In 2032, Kimco benefits from its strategic investments in renewable energy infrastructure across its properties. The company’s shopping centers become local clean energy hubs, reducing operational costs and attracting environmentally conscious tenants and shoppers. Kimco’s data-driven approach to property management continues to optimize tenant mix and rental income.
KIM Stock Price Forecast 2033
Our 2033 forecast shows the stock maintaining its upward trend. We anticipate an average price of $74.28, representing a 12% growth from the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $67.52 | $74.28 | $89.14 |
2033 sees Kimco capitalizing on the growing trend of hyper-local supply chains. The company’s properties increasingly feature local producers and manufacturers, catering to consumer demand for locally sourced goods. Kimco’s innovative approach to micro-fulfillment centers within its properties enhances its appeal to omnichannel retailers.
KIM Stock Price Forecast 2034
In 2034, we expect Kimco’s stock to continue its appreciation. Our analysis suggests an average price of $84.68, indicating a 14% increase from 2033.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $76.98 | $84.68 | $101.62 |
Kimco’s 2034 performance is driven by its successful adaptation to changing urban landscapes. The company’s properties evolve into mixed-use community centers, seamlessly blending retail, residential, and public spaces. Kimco’s focus on creating “15-minute cities” aligns with urban planning trends, increasing property values and attracting long-term tenants.
KIM Stock Price Forecast 2035
For 2035, our model predicts further growth for Kimco’s stock. We project an average price of $95.69, marking a 13% rise from the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $86.99 | $95.69 | $114.83 |
In 2035, Kimco leverages advanced AI and IoT technologies to create truly smart shopping environments. The company’s properties offer personalized shopping experiences, predictive maintenance, and optimized energy use. Kimco’s leadership in integrating technology with physical retail spaces enhances its competitive edge and attracts tech-savvy tenants and consumers.
KIM Stock Price Forecast 2036
Our 2036 forecast shows sustained appreciation for Kimco’s stock value. We anticipate an average price of $106.21, representing an 11% increase from 2035.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $96.55 | $106.21 | $127.45 |
Kimco’s 2036 growth is fueled by its successful expansion into emerging markets. The company’s expertise in developing and managing resilient retail spaces proves valuable in rapidly urbanizing regions. Kimco’s properties become models for sustainable, community-centric development in these new markets, driving both revenue and stock performance.
KIM Stock Price Forecast 2037
In 2037, we expect Kimco’s stock to maintain its growth momentum. Our analysis points to an average price of $120.02, signifying a 13% growth from the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $109.11 | $120.02 | $144.02 |
2037 sees Kimco at the forefront of the circular economy trend. The company’s properties feature innovative recycling and upcycling centers, attracting environmentally conscious tenants and shoppers. Kimco’s commitment to sustainability enhances its brand value and helps secure long-term, high-quality tenants, contributing to steady stock growth.
KIM Stock Price Forecast 2038
For 2038, our model projects continued appreciation of Kimco’s stock. We forecast an average price of $135.62, marking a 13% rise from 2037.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $123.29 | $135.62 | $162.74 |
In 2038, Kimco benefits from its strategic investments in vertical farming and urban agriculture. The company’s properties integrate food production spaces, aligning with the growing demand for locally grown produce. This innovative approach enhances Kimco’s appeal to health-conscious consumers and sustainable businesses, driving foot traffic and rental income.
KIM Stock Price Forecast 2039
Our 2039 forecast shows the stock maintaining its upward trend. We anticipate an average price of $152.69, representing a 12.5% increase from the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $138.81 | $152.69 | $183.23 |
2039 sees Kimco leveraging advanced robotics and automation in property management and customer service. The company’s shopping centers feature AI-driven concierge services and automated maintenance systems, enhancing operational efficiency and customer experience. Kimco’s tech-forward approach continues to attract innovative tenants and tech-savvy consumers.
KIM Stock Price Forecast 2040
As we reach 2040, we expect Kimco’s stock to continue its strong performance. Our analysis suggests an average price of $173.30, indicating a 13.5% growth from 2039.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $157.55 | $173.30 | $207.96 |
In 2040, Kimco’s long-term investment in flexible, adaptable spaces pays off. The company’s properties seamlessly transition between retail, event, and community use, catering to rapidly changing consumer needs. Kimco’s ability to quickly repurpose spaces ensures high occupancy rates and steady rental income, contributing to its continued stock appreciation.
KIM Stock Price Forecast 2050
Looking further ahead to 2050, our long-term projection for Kimco’s stock shows substantial growth. We anticipate the stock price to reach an average of $1100, representing significant appreciation over the decades.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $1000.00 | $1100.00 | $1320.00 |
By 2050, Kimco has transformed into a leader in smart, sustainable urban development. The company’s properties seamlessly blend retail, residential, and community spaces, adapting to evolving urban landscapes. Kimco’s long-term vision and adaptability have allowed it to navigate changing consumer behaviors and technological advancements, maintaining its relevance and profitability in the real estate sector.
Conclusion
Our analysis projects a positive long-term outlook for Kimco Realty Corporation’s stock, with steady growth anticipated from 2024 to 2050. The forecasted CAGR of 15.5% suggests significant potential for value appreciation over time.
Kimco’s strategic focus on open-air, grocery-anchored shopping centers, combined with its adaptability to changing market conditions, positions it well for future growth. We project the price to reach $1100 by 2050 represents substantial value creation for long-term investors.
FAQs
1. What is the future of KIM share price?
Our forecast suggests a positive long-term outlook for Kimco Realty Corporation (KIM) share price. We project steady growth from 2024 to 2050, with the stock price increasing from $22.29 in 2024 to an average of $1100 by 2050. This represents a compound annual growth rate (CAGR) of approximately 15.5% over this period.
2. What is the KIM share prediction for 2030?
According to our forecast, the average share price for KIM in 2030 is projected to be $51.49. The low estimate is $46.81, while the high estimate is $61.79.
3. What is the KIM 10 year outlook?
Based on our projections, the 10-year outlook for KIM (from 2024 to 2034) is positive. We forecast the stock price to grow from $24.52 in 2024 to $84.68 in 2034. This represents a significant increase over the decade, with steady year-over-year growth ranging from 10% to 14% annually.
4. Is KIM a buy, hold, or sell?
We believe that KIM (Kimco Realty Corporation) could be considered a “Hold” with a potential lean towards “Buy” for long-term investors. Our projections indicate steady growth for KIM over the next several decades, suggesting potential for long-term value appreciation. The company has demonstrated an ability to adapt to changing market conditions, including the integration of mixed-use developments and technology-driven solutions.
5. Who are the major competitors of KIM?
Kimco Realty Corporation (NYSE: KIM) is a major player in the real estate investment trust (REIT) sector, specifically focused on shopping centers and retail properties. The company operates primarily in the U.S. and is one of the largest publicly traded owners and operators of open-air shopping centers.
Major competitors of Kimco Realty include:
- Simon Property Group (NYSE: SPG): The largest mall operator in the U.S., with a diverse portfolio of shopping malls and outlet centers.
- Regency Centers Corporation (NYSE: REG): Another prominent REIT focused on grocery-anchored shopping centers, often located in affluent neighborhoods.
- Federal Realty Investment Trust (NYSE: FRT): Specializes in high-quality retail and mixed-use properties in densely populated areas.
- Brixmor Property Group (NYSE: BRX): Owns and operates a large portfolio of open-air shopping centers, often with grocery anchors.
- Weingarten Realty Investors (NYSE: WRI): (Note: Weingarten was acquired by Kimco in 2021, but historically it was a competitor). It specialized in grocery-anchored shopping centers.
- Retail Opportunity Investments Corp. (NASDAQ: ROIC): Focuses on shopping centers located in densely populated, mature markets.
These companies compete with Kimco Realty in acquiring, developing, leasing, and managing retail properties across the United States. The competitive landscape is influenced by factors such as location, tenant mix, property quality, and overall economic conditions affecting the retail sector.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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