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Kimco Realty KIM Equity Method Investments

Equity Method Investments at other companies

SITE Centers Corporation logo
SITE Centers CorporationSITC
$26.84M-11.9%
Acadia Realty Trust logo
Acadia Realty TrustAKR
$263.6M+52.9%
CBL & Associates Properties logo
CBL & Associates PropertiesCBL
$81.7M-3.2%
New England Realty Associates logo
New England Realty AssociatesNEN
$1.4M-0.3%

Other financials

Income statement

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Revenue$558.0M+4.0%
Operating income$207.8M+15.1%
Net income$164.9M+24.2%
EPS (diluted)$0.23+27.8%

Balance sheet

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Cash & equivalents$169.6M+28.0%
Total debt$120.3M+3.6%
Total equity$10.4B-1.9%
Total assets$19.6B-0.7%

Cash flow

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Operating cash flow$243.0M+8.6%
CapEx$18.4M
Free cash flow$332.4M

Valuation

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Market cap$16.68B+15.5%
Enterprise value$16.63B+16.0%
P/E27.1×+2.9×
P/S7.7×+0.8×

Profitability

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Operating margin36.9%+4.1pp
Net margin28.5%+1.7pp
FCF margin25.8%

Returns & leverage

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Return on equity5.9%+0.7pp
Debt / equity0.0×

Where this comes from

Reported directly by Kimco Realty in its filing.

Tagged under the XBRL concept us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

The source filing: Kimco Realty’s 10-Q, filed October 31, 2024.

Filed
Oct 31, 2024
Fiscal quarter
Q3 FY2024
Calendar quarter
Q3 2024
Accession
0000950170-24-119432

The Company has provided capital to owners and developers of real estate properties through its Preferred Equity program, which is included in Other investments on the Company’s Condensed Consolidated Balance Sheets. In connection with the RPT Merger, the Company acquired a preferred equity investment of $12.7 million. In addition, the Company has invested capital in structured investments, which are primarily accounted for on the equity method of accounting. As of September 30, 2024, the Company’s Other investments were $106.5 million, of which the Company’s net investment under the Preferred Equity program was $69.2 million.

Item 6. [Exhibits.](#item_6_exhibits) [60](#item_6_exhibits)

FAQ

What is Kimco Realty's equity method investments?
Kimco Realty (KIM) reported equity method investments of $106.5M in Q3 2024.
How has Kimco Realty's equity method investments changed year-over-year?
Kimco Realty's equity method investments decreased by 23.6% year-over-year, from $139.4M to $106.5M.
What is the long-term trend for Kimco Realty's equity method investments?
Over 2 years (2020 to 2022), Kimco Realty's equity method investments has grown at a 36.5% compound annual growth rate (CAGR), from $590.7M to $1.1B.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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