Kimco Realty (Kimco Realty) Interest Expense

: $-250 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kimco Realty's interest expense for the three months ended in Dec. 2023 was $ -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-250 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Kimco Realty's Operating Income for the three months ended in Dec. 2023 was $ 147 Mil. Kimco Realty's Interest Expense for the three months ended in Dec. 2023 was $ -68 Mil. Kimco Realty's Interest Coverage for the quarter that ended in Dec. 2023 was 2.17. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kimco Realty Interest Expense Historical Data

The historical data trend for Kimco Realty's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kimco Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-177.40

-186.90

-204.13

-226.82

-250.20

Kimco Realty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-60.95	-61.31	-60.67	-60.42	-67.80

Kimco Realty Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-250 Mil.

Kimco Realty (NYSE:KIM) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kimco Realty's Interest Expense for the three months ended in Dec. 2023 was $-68 Mil. Its Operating Income for the three months ended in Dec. 2023 was $147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $7,727 Mil.

Kimco Realty's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	146.994	/	-67.797
	=	2.17

The higher the ratio, the stronger the company's financial strength is.

Kimco Realty (Kimco Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kimco Realty Corp (NYSE:KIM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KIMpM.PFD:USA KIMpL.PFD:USA KIC:Germany K1IM34:Brazil

Address

500 North Broadway, Suite 201, Jericho, NY, USA, 11753

Website

https://www.kimcorealty.com

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 5,282 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet.

Executives

Frank Lourenso	director	3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Glenn Gary Cohen	officer: V.P. - Treasurer	3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Paul Westbrook	officer: VP - Chief Accounting Officer	C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Richard B Saltzman	director	C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
David Jamieson	officer: Chief Operating Officer	C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Henry Moniz	director	C/O KIMCO REALTY CORPORATION, 500 NORTH BROADWAY, SUITE 201, JERICHO NY 11753
Coviello Philip E Jr	director	GETTY REALTY CORP, 2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Joe Grills	director	MERRILL LYNCH ASSET MANAGEMENT, 800 SCUDDER MILL ROAD, PLAINSBORO NJ 08536
Valerie Richardson	director	C/O KIMCO REALTY CORP., 333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Milton Cooper	director, officer: Chairman & CEO	C/O KIMCO REALTY CORP, 3333 NEW HYDE PARK RD STE 100, HYDE PARK NY 11042
Ross Cooper	officer: President	C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Mary Hogan Preusse	director	C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Flynn Conor C	officer: President, COO and CIO	C/O KIMCO REATLY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
David Henry	officer: Cheif Executive Officer	3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Michael V Pappagallo	officer: V.P. - CFO	BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017