GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kimco Realty Corp (NYSE:KIM) » Definitions » Return-on-Tangible-Equity

Kimco Realty (Kimco Realty) Return-on-Tangible-Equity

: 5.84% (As of Dec. 2023)
View and export this data going back to 1991. Start your Free Trial

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Kimco Realty's annualized net income for the quarter that ended in Dec. 2023 was $559 Mil. Kimco Realty's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $9,558 Mil. Therefore, Kimco Realty's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 5.84%.

The historical rank and industry rank for Kimco Realty's Return-on-Tangible-Equity or its related term are showing as below:

KIM' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.3   Med: 8.53   Max: 19.11
Current: 6.83

During the past 13 years, Kimco Realty's highest Return-on-Tangible-Equity was 19.11%. The lowest was 1.30%. And the median was 8.53%.

KIM's Return-on-Tangible-Equity is ranked better than
63.78% of 798 companies
in the REITs industry
Industry Median: 4.595 vs KIM: 6.83

Kimco Realty Return-on-Tangible-Equity Historical Data

The historical data trend for Kimco Realty's Return-on-Tangible-Equity 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.

* Premium members only.

Kimco Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.05 19.11 10.89 1.30 6.87

Kimco Realty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.07 12.09 4.43 4.92 5.84

Competitive Comparison

For the REIT - Retail subindustry, Kimco Realty's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kimco Realty Return-on-Tangible-Equity Distribution

For the REITs industry and Real Estate sector, Kimco Realty's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kimco Realty's Return-on-Tangible-Equity falls into.



Kimco Realty Return-on-Tangible-Equity Calculation

Kimco Realty's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=654.273/( (9515.508+9525.465 )/ 2 )
=654.273/9520.4865
=6.87 %

Kimco Realty's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=558.58/( (9590.117+9525.465)/ 2 )
=558.58/9557.791
=5.84 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Kimco Realty  (NYSE:KIM) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Kimco Realty Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Kimco Realty's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Kimco Realty (Kimco Realty) Business Description

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