Federal Realty Investment Trust vs Kimco Realty
Add, change or remove companies; up to four.
The short version
- Kimco Realty is the larger business, with $2.1B of revenue in fiscal 2025 against $1.3B for Federal Realty Investment Trust, about 1.7 times as much.
- Federal Realty Investment Trust grew revenue faster (6.4%, against 5.1%).
- Federal Realty Investment Trust kept more of each dollar of sales as operating profit (47.1% operating margin, against 36.0%).
- Federal Realty Investment Trust earned a higher return on the capital invested in it (6.0%, against 4.3%).
- Investors pay more for each dollar of Kimco Realty’s earnings: a P/E of 27.5x against 18.9x for Federal Realty Investment Trust.
| Latest fiscal year | FRT · FY25 | KIM · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.4B | $15.9B |
| Revenue | $1.3B | $2.1B |
| Free cash flow | — | — |
| Net income | $411M | $585M |
| Growth | ||
| Revenue growth | 6.4% | 5.1% |
| 5-year growth | 8.9% | 15.1% |
| Share count change | 3.4% | 0.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 47.1% | 36.0% |
| Net margin | 32.1% | 27.3% |
| FCF margin | — | — |
| Return on capital | 6.0% | 4.3% |
| Return on equity | 12.8% | 5.6% |
| Balance sheet | ||
| Net debt | $4.9B | $7.5B |
| Net debt / EBITDA | 5.0x | 5.4x |
| Dividends and buybacks | $0.0M | $832M |
| Valuation & quality | ||
| P/E | 18.9x | 27.5x |
| Piotroski F-score | — | — |
Revenue
FY16
FRT $802M
KIM $1.2B
FY17
FRT $857M
KIM $1.2B
FY18
FRT $915M
KIM $1.2B
FY19
FRT $936M
KIM $1.2B
FY20
FRT $836M
KIM $1.1B
FY21
FRT $951M
KIM $1.4B
FY22
FRT $1.1B
KIM $1.7B
FY23
FRT $1.1B
KIM $1.8B
FY24
FRT $1.2B
KIM $2.0B
FY25
FRT $1.3B
KIM $2.1B
FRT
KIM
Operating margin
FY16
FRT 40.0%
KIM 33.6%
FY17
FRT 47.9%
KIM 35.9%
FY18
FRT 39.5%
KIM 50.0%
FY19
FRT 50.3%
KIM 41.2%
FY20
FRT 34.7%
KIM 31.4%
FY21
FRT 41.5%
KIM 31.1%
FY22
FRT 49.0%
KIM 32.7%
FY23
FRT 35.9%
KIM 35.8%
FY24
FRT 39.3%
KIM 30.9%
FY25
FRT 47.1%
KIM 36.0%
FRT
KIM
Free cash flow
FY16
FRT —
KIM —
FY17
FRT —
KIM —
FY18
FRT —
KIM —
FY19
FRT —
KIM —
FY20
FRT —
KIM —
FY21
FRT —
KIM —
FY22
FRT —
KIM —
FY23
FRT —
KIM —
FY24
FRT —
KIM —
FY25
FRT —
KIM —
FRT
KIM
Return on capital
FY16
FRT 5.6%
KIM 2.2%
FY17
FRT 6.2%
KIM 4.5%
FY18
FRT 5.1%
KIM 5.9%
FY19
FRT 6.5%
KIM 5.0%
FY20
FRT 3.8%
KIM 3.3%
FY21
FRT 4.9%
KIM 3.1%
FY22
FRT 5.9%
KIM 1.7%
FY23
FRT 4.4%
KIM 3.6%
FY24
FRT 5.0%
KIM 3.4%
FY25
FRT 6.0%
KIM 4.3%
FRT
KIM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.