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Kimco Realty (Kimco Realty) Gross Margin %

: 67.96% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Kimco Realty's Gross Profit for the three months ended in Dec. 2023 was $307 Mil. Kimco Realty's Revenue for the three months ended in Dec. 2023 was $452 Mil. Therefore, Kimco Realty's Gross Margin % for the quarter that ended in Dec. 2023 was 67.96%.


The historical rank and industry rank for Kimco Realty's Gross Margin % or its related term are showing as below:

KIM' s Gross Margin % Range Over the Past 10 Years
Min: 67.58   Med: 71.36   Max: 73.98
Current: 68.78


During the past 13 years, the highest Gross Margin % of Kimco Realty was 73.98%. The lowest was 67.58%. And the median was 71.36%.

KIM's Gross Margin % is ranked worse than
50.47% of 632 companies
in the REITs industry
Industry Median: 68.83 vs KIM: 68.78

Kimco Realty had a gross margin of 67.96% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kimco Realty was -0.70% per year.


Kimco Realty Gross Margin % Historical Data

The historical data trend for Kimco Realty's Gross Margin % 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
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.92 67.58 69.37 69.27 68.78

Kimco Realty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % 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 67.57 69.12 69.10 68.97 67.96

Competitive Comparison

For the REIT - Retail subindustry, Kimco Realty's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution

For the REITs industry and Real Estate sector, Kimco Realty's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kimco Realty's Gross Margin % falls into.



Kimco Realty Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Kimco Realty's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1226.7 / 1783.4
=(Revenue - Cost of Goods Sold) / Revenue
=(1783.4 - 556.718) / 1783.4
=68.78 %

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


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=306.9 / 451.603
=(Revenue - Cost of Goods Sold) / Revenue
=(451.603 - 144.7) / 451.603
=67.96 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Kimco Realty  (NYSE:KIM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Kimco Realty had a gross margin of 67.96% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Kimco Realty Gross Margin % Related Terms

Thank you for viewing the detailed overview of Kimco Realty's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kimco Realty (Kimco Realty) Business Description

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