KIM (Kimco Realty) Intrinsic Value: Projected FCF: $26.06 (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KIM Kimco Realty Corp KIM
79 GF Score
Price $22.54
GF Value $22.84
Valuation Fairly Valued
! 5 Warning Signs
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What is Kimco Realty Intrinsic Value: Projected FCF?

Kimco Realty KIM +0.04% 79 Intrinsic Value: Projected FCF is $26.06 as of Sep. 21, 2026. GuruFocus rates KIM with a GF Score™ of 79/100 and a GF Value™ of $22.84 (Fairly Valued). The stock has 5 warning signs investors should review. Among 616 REITs companies, Kimco Realty ranks worse than 67.69% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-21), Kimco Realty's Intrinsic Value: Projected FCF is $26.06. The stock price of Kimco Realty is $22.54. Therefore, Kimco Realty's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for Kimco Realty's Intrinsic Value: Projected FCF or its related term are showing as below:

KIM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.44   Med: 0.85   Max: 1.3
Current: 0.86

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Kimco Realty was 1.30. The lowest was 0.44. And the median was 0.85.

KIM's Price-to-Projected-FCF is ranked worse than
67.69% of 616 companies
in the REITs industry
Industry Median: 0.63 vs KIM: 0.86

Kimco Realty  (NYSE:KIM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Kimco Realty's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=22.54/23.4415324143
=0.96

* 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.


Kimco Realty Intrinsic Value: Projected FCF Related Terms


Kimco Realty Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Kimco Realty's Intrinsic Value: Projected FCF 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.

Kimco Realty Intrinsic Value: Projected FCF Chart

Kimco Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.07 22.49 22.89 22.34 22.46

Kimco Realty Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial 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 22.51 22.65 22.63 23.20 23.69

KIM vs REG, FRT, ADC: Intrinsic Value: Projected FCF Comparison

For the REIT - Retail subindustry, Kimco Realty's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Kimco Realty's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Kimco Realty's Price-to-Projected-FCF falls into.


KIM
79GF Score
Kimco Realty Corp KIM
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kimco Realty Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Kimco Realty's Free Cash Flow(6 year avg) = $734.42.

Kimco Realty's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(10.265723347005*734.41632+10265.601*0.8)/671.961
=23.44

* 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.

What does a Intrinsic Value: Projected FCF of $26.06 mean?
Kimco Realty (KIM) has a Intrinsic Value: Projected FCF of $26.06 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Kimco Realty and its competitors. According to the industry distribution chart, Kimco Realty ranks #417 out of 616 companies in the REITs industry, placing it in the top 67.7%.
Is Kimco Realty's Intrinsic Value: Projected FCF too high?
Kimco Realty's current Intrinsic Value: Projected FCF is $26.06. The REITs industry median Intrinsic Value: Projected FCF is 0.63. Kimco Realty's value of $26.06 is 4036.5% above this industry median. Based on the distribution chart, Kimco Realty ranks #417 out of 616 companies in the REITs industry, which is below the industry midpoint. Overall, Kimco Realty has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kimco Realty's Intrinsic Value: Projected FCF compare to REG and FRT?
According to the REITs industry distribution chart, Kimco Realty ranks #417 out of 616 companies for Intrinsic Value: Projected FCF. This places Kimco Realty in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.63. Kimco Realty's value of $26.06 is 4036.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.63, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kimco Realty's current Intrinsic Value: Projected FCF of $26.06 is 4036.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Kimco Realty and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kimco Realty's current Intrinsic Value: Projected FCF is $26.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kimco Realty stock overvalued right now?
Based on GuruFocus' analysis, Kimco Realty (KIM) is currently considered Fairly Valued. The stock's GF Value™ is $22.84, compared to a current price of $22.54 — trading 1.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is $26.06 and 4036.5% above the REITs industry median of 0.63. Kimco Realty's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Kimco Realty (KIM), the current Intrinsic Value: Projected FCF is $26.06 as of Sep. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kimco Realty (KIM) Overvalued in 2026?

Based on GuruFocus' analysis, Kimco Realty stock appears to be undervalued. The current stock price of $22.54 is trading 1.3% below its estimated GF Value™ of $22.84. GuruFocus considers Kimco Realty to be Fairly Valued.

Key valuation signals for KIM:

  • Intrinsic Value: Projected FCF: $26.06
  • GF Value™: $22.84 vs. price of $22.54 (1.3% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 4036.5% above the REITs median (#417 of 616)

No single metric tells the full story. See the KIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kimco Realty Business Description

Industry Real EstateREITs
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 565 shopping centers throughout major markets in the US, representing roughly 100 million square feet.
79GF Score

Get the complete analysis for KIM

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.54
Price
$22.84
GF Value