Kimco Realty Corporation (HC) — Earnings Quality Grade F
KIM · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 48 days, change +2 days YoY
AR growth 9.2% vs revenue growth 5.1%
Revenue 5.1%, CFFO 11.4%. Cash follows revenue
Expense Quality
No material inventory
Insufficient data
SG&A/Gross Profit = 9.0%, excellent (<30%)
Gross margin 69.1%, change +0.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.92. Profits backed by cash
FCF $1.1B, FCF/NI = 1.92
Accruals ratio = -2.7%. Low accruals
Cash $0.2B covers only 3% of debt $8.3B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 5.7x (>4x). Financial stress
Other assets -31.0% vs revenue 5.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.50 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Kimco Realty Corporation (HC) is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09