Kimco Realty Stock: Is KIM Outperforming the Real Estate Sector?

Company Overview - Kimco Realty Corporation (KIM) is a real estate investment trust (REIT) based in Jericho, New York, with a market cap of $14.7 billion, specializing in open-air, grocery-anchored shopping centers across North America and a growing portfolio of mixed-use assets [1][2]. Stock Performance - Kimco's stock reached a three-year high of $25.83 on November 29, 2024, and is currently trading 15.7% below that peak. Over the past three months, the stock has gained 4.2%, outperforming the Real Estate Select Sector SPDR Fund (XLRE), which experienced a marginal dip of 38 basis points [3]. - Year-to-date, KIM stock has declined 7.1% and 6.3% over the past 52 weeks, underperforming XLRE's 2.5% increase in 2025 and slightly outperforming XLRE's 6.7% decline over the past year [4]. Financial Performance - Following the release of mixed Q2 results on July 31, Kimco's stock prices fell 3.1%. The company's revenue from rental properties grew nearly 5% year-over-year to $525.2 million, although this figure missed market expectations by 32 basis points. The FFO per share increased 7.3% year-over-year to $0.44, exceeding consensus estimates by 2.3% [5]. Competitive Position - Compared to its peer, Realty Income Corporation (O), Kimco has underperformed, with Realty Income showing a 10.6% increase year-to-date and a 4.2% decline over the past 52 weeks [6]. - Among 25 analysts covering KIM stock, the consensus rating is a "Moderate Buy," with a mean price target of $24.56, indicating a 12.8% upside potential from current price levels [6].