Kimco Realty (MEX:KIM) Operating Income: MXN13,349 Mil (TTM As of Mar. 2026)

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MEX:KIM Kimco Realty Corp MEX:KIM
76 GF Score
Price MXN401.00
GF Value MXN355.68
! 9 Warning Signs
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What is Kimco Realty Operating Income?

Kimco Realty MEX:KIM 76 Operating Income is MXN13,349 Mil as of Mar. 2026. GuruFocus rates MEX:KIM with a GF Score™ of 76/100 and a GF Value™ of MXN355.68. The stock has 9 warning signs investors should review.

Kimco Realty's Operating Income for the three months ended in Mar. 2026 was MXN3,464 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN13,349 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kimco Realty's Operating Income for the three months ended in Mar. 2026 was MXN3,464 Mil. Kimco Realty's Revenue for the three months ended in Mar. 2026 was MXN10,063 Mil. Therefore, Kimco Realty's Operating Margin % for the quarter that ended in Mar. 2026 was 34.43%.

Good Sign:

Kimco Realty Corp operating margin is expanding. Margin expansion is usually a good sign.

Kimco Realty's 5-Year average Growth Rate for Operating Margin % was 0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kimco Realty's annualized ROC % for the quarter that ended in Mar. 2026 was 4.01%. Kimco Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 599.26%.


Kimco Realty  (MEX:KIM) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Kimco Realty's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=13857.408 * ( 1 - 0% )/( (345440.525 + 345555.112)/ 2 )
=13857.408/345497.8185
=4.01 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=354500.723 - 5249.328 - ( 3810.87 - max(0, 5249.328 - 17387.978+3810.87))
=345440.525

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=353178.472 - 4585.968 - ( 3037.392 - max(0, 4585.968 - 17313.682+3037.392))
=345555.112

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Kimco Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=15769.812/( ( (2297.455 + max(-162.772, 0)) + (2301.55 + max(664.09, 0)) )/ 2 )
=15769.812/( ( 2297.455 + 2965.64 )/ 2 )
=15769.812/2631.5475
=599.26 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5065.922 + 0 + 20.633999999998) - (5249.328 + 0 + 0)
=-162.772

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5229.05 + 0 + 21.008000000002) - (4585.968 + 0 + 0)
=664.09

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Kimco Realty's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3464.352/10062.535
=34.43 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Kimco Realty Operating Income Related Terms


Kimco Realty Operating Income Historical Data

* Premium members only.

The historical data trend for Kimco Realty's Operating Income 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 Operating Income Chart

Kimco Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,174.54 11,156.45 9,889.37 13,713.37 12,922.28

Kimco Realty Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 3,685.16 3,286.35 3,374.67 3,223.87 3,464.35
MEX:KIM
76GF Score
Kimco Realty Corp MEX:KIM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kimco Realty Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN13,349 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN13,349 Mil mean?
Kimco Realty (MEX:KIM) has a Operating Income of MXN13,349 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kimco Realty and its competitors.
Is Kimco Realty's Operating Income too high?
Kimco Realty's current Operating Income is MXN13,349 Mil. Overall, Kimco Realty has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Kimco Realty's Operating Income compare to REG and FRT?
Kimco Realty's Operating Income of MXN13,349 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kimco Realty and its competitors. Kimco Realty's current Operating Income is MXN13,349 Mil. 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?
Kimco Realty (MEX:KIM) has a current Operating Income of MXN13,349 Mil. The stock's GF Value™ is MXN355.68, compared to a current price of MXN401.00 — trading 12.7% above its estimated fair value. The current Operating Income is MXN13,349 Mil. Kimco Realty's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Kimco Realty (MEX:KIM), the current Operating Income is MXN13,349 Mil as of Mar. 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 (MEX:KIM) Overvalued in 2026?

Based on GuruFocus' analysis, Kimco Realty stock appears to be overvalued. The current stock price of MXN401.00 is trading 12.7% above its estimated GF Value™ of MXN355.68.

Key valuation signals for MEX:KIM:

  • Operating Income: MXN13,349 Mil
  • GF Value™: MXN355.68 vs. price of MXN401.00 (12.7% above fair value)
  • GF Score™: 76/100 with 9 warning signs

No single metric tells the full story. See the MEX: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.
76GF Score

Get the complete analysis for MEX:KIM

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN401.00
Price
MXN355.68
GF Value