Is Kimco Realty Corp. overvalued or undervalued?

As of 31 July 2025, the valuation grade for Kimco Realty Corp. has moved from fair to very attractive, indicating a strong potential for growth. The company appears to be undervalued, especially when considering its P/E ratio of 26, which is lower than the peer average of 25.32, and a PEG ratio of 0.62, suggesting that the stock is priced favorably relative to its growth prospects. Additionally, the EV to EBITDA ratio stands at 10.91, which is competitive compared to peers like Ventas, Inc. at 15.44 and Essex Property Trust, Inc. at 14.09.
In terms of peer comparison, Kimco Realty Corp. is positioned favorably against Ventas, Inc., which is considered very expensive with a P/E of 105.02, and Essex Property Trust, Inc., which has a fair valuation with a P/E of 22.13. Despite recent underperformance, with a YTD return of -5.38% compared to the S&P 500's 12.22%, the long-term outlook remains positive, as evidenced by a 5-year return of 81.72% against the S&P 500's 96.61%.