Is Kimco Realty Corp. overvalued or undervalued?

As of 24 April 2025, Kimco Realty Corp. has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a P/E ratio of 26, a Price to Book Value of 1.34, and an EV to EBITDA of 10.91. In comparison to peers, Kimco's P/E ratio of 25.49 is significantly lower than Ventas, Inc. at 338.55 and Essex Property Trust, Inc. at 28.13, both of which are considered expensive.
Additionally, Kimco's PEG ratio of 0.62 indicates strong growth potential relative to its valuation, further supporting the fair valuation assessment. The company has demonstrated a dividend yield of 432.18%, which is notably attractive in the current market environment. Despite a year-to-date return of -9.43%, Kimco has outperformed the S&P 500 over the past year, reinforcing its position as a fairly valued investment in the real estate sector.