Filing Flows › Kimco Realty (KIM) › Q4 2024
Kimco Realty (KIM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 21, 2025
Kimco Realty (KIM) reported revenue of $525M for the fourth quarter 2024 (Q4 2024), +16% from a year earlier and +3% from the quarter before. Operating margin was 31.7%, net earnings $166M (31.6% of revenue).
Kimco Realty, Q4 2024: revenue $525M (+16% year over year), operating margin 31.7%, net earnings $166M, operating cash flow $240M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $525M | +3% | +16% |
| Operating profit | $166M | -3% | -1% |
| Net earnings | $166M | +22% | +19% |
| Operating cash flow | $240M | -19% | +26% |
What changed
Revenue was $525.4M in Q4 2024, up 16% year over year and up 3% from the previous quarter.
Operating profit was $166.4M, a 31.7% margin (down 5.7 points year over year). Operating profit fell $2.2M even though revenue rose $73.8M versus a year earlier, so costs grew faster than sales. Total costs grew 27% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $166.0M, up 19% year over year. The effective tax rate was -38.8%.
Operating cash flow was $239.5M (up 26% year over year), 143% of net earnings. Non-cash charges added back $156.1M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items used $93.1M.
Questions
What was Kimco Realty's revenue in the fourth quarter 2024?
Kimco Realty (KIM) reported revenue of $525M for the fourth quarter 2024 (Q4 2024), +16% from a year earlier and +3% from the quarter before.
Was Kimco Realty profitable in the fourth quarter 2024?
Operating profit was $166M (31.7% of revenue) and net earnings $166M.
Source: Kimco Realty 10-K on SEC EDGAR.