Kimco Realty Corporation

KIM

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

2,037

Cost of Revenue

638

Gross Profit

1,399

Gross Margin

68.7%

Operating Income

629

Operating Margin

30.9%

Net Income

411

Net Margin

20.2%

EPS (Basic)

$0.55

EPS (Diluted)

$0.55

EBITDA

1,263

EBITDA Margin

62.0%

2023

12/31/2023

Revenue

1,783

Cost of Revenue

557

Gross Profit

1,227

Gross Margin

68.8%

Operating Income

639

Operating Margin

35.8%

Net Income

654

Net Margin

36.7%

EPS (Basic)

$1.02

EPS (Diluted)

$1.02

EBITDA

1,401

EBITDA Margin

78.6%

2022

12/31/2022

Revenue

1,728

Cost of Revenue

531

Gross Profit

1,197

Gross Margin

69.3%

Operating Income

565

Operating Margin

32.7%

Net Income

126

Net Margin

7.3%

EPS (Basic)

$0.16

EPS (Diluted)

$0.16

EBITDA

1,060

EBITDA Margin

61.3%

2021

12/31/2021

Revenue

1,365

Cost of Revenue

418

Gross Profit

947

Gross Margin

69.4%

Operating Income

424

Operating Margin

31.1%

Net Income

844

Net Margin

61.9%

EPS (Basic)

$1.61

EPS (Diluted)

$1.60

EBITDA

1,345

EBITDA Margin

98.5%

2020

12/31/2020

Revenue

1,058

Cost of Revenue

343

Gross Profit

715

Gross Margin

67.6%

Operating Income

333

Operating Margin

31.4%

Net Income

1,001

Net Margin

94.6%

EPS (Basic)

$2.26

EPS (Diluted)

$2.25

EBITDA

596

EBITDA Margin

56.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	2,037	1,783	1,728	1,365	1,058
Cost of Revenue	638	557	531	418	343
Gross Profit	1,399	1,227	1,197	947	715
Gross Margin	68.7%	68.8%	69.3%	69.4%	67.6%
Operating Income	629	639	565	424	333
Operating Margin	30.9%	35.8%	32.7%	31.1%	31.4%
Net Income	411	654	126	844	1,001
Net Margin	20.2%	36.7%	7.3%	61.9%	94.6%
EPS (Basic)	$0.55	$1.02	$0.16	$1.61	$2.26
EPS (Diluted)	$0.55	$1.02	$0.16	$1.60	$2.25
EBITDA	1,263	1,401	1,060	1,345	596
EBITDA Margin	62.0%	78.6%	61.3%	98.5%	56.3%