Kimco Realty is a real estate investment trust and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company's portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and …
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Competitive advantage assessment
Key strengths
Dividend Well-Covered by AFFODividend coverage is healthy (score 0.72).
Stable NOI PerformanceNOI stability is excellent (score 0.78), suggesting reliable rent streams.
Key risks
Dilutive or Undisciplined GrowthGrowth discipline is questionable (score 0.31), raising dilution concerns.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Kimco Realty Corporation (HC) ranks #16 of 33
scored companies in REIT - Retail by moat score — the top 48%.
The widest moat in the group is NNN REIT, Inc. (NNN)
at 79/100.
Moat scores for companies ranked near KIM in REIT - Retail
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 69
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 51
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 22
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 58
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 47
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
What is Kimco Realty Corporation (HC)'s moat score?
Kimco Realty Corporation (HC) (KIM) scores 52 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #16 of 33 scored companies in REIT - Retail, the top 48%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 37 companies in REIT - Retail. Its strongest defense is AFFO Strength (69/100) and its weakest is Capital Recycling & Growth (22/100).
How does Kimco Realty Corporation (HC) compare with other REIT - Retail companies?
Kimco Realty Corporation (HC) ranks #16 of 33 scored companies in REIT - Retail by moat score. The widest moat in REIT - Retail is NNN REIT, Inc. (NNN) at 79/100. The companies ranked closest are Federal Realty Investment Trust (FRT) at 55 just above it and Alexander & Baldwin, Inc. (ALEX) at 50 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 37 companies in REIT - Retail. The defenses are then weighted to produce the overall score out of 100.
Why is Kimco Realty Corporation (HC) scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for Kimco Realty Corporation (HC)?
The REIT Specialized template measures 6 defenses, and KIM scores: Rent Pricing Power (61), AFFO Strength (69), Balance Sheet & Cost of Capital (51), Capital Recycling & Growth (22), Operational Efficiency (58), Portfolio Quality & Diversification (47). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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