WallStSmart

Alexander & Baldwin Holdings Inc (ALEX)vsKimco Realty Corporation (KIM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Kimco Realty Corporation generates 917% more annual revenue ($2.19B vs $214.96M). KIM leads profitability with a 27.8% profit margin vs 0.3%. KIM appears more attractively valued with a PEG of 3.37. KIM earns a higher WallStSmart Score of 56/100 (C).

ALEX

Buy

51

out of 100

Grade: C-

Growth: 2.0Profit: 4.0Value: 3.3Quality: 5.0
Piotroski: 4/9

KIM

Buy

56

out of 100

Grade: C

Growth: 4.0Profit: 7.0Value: 4.7Quality: 6.0
Piotroski: 4/9Altman Z: 0.94
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ALEXSignificantly Overvalued (-33.0%)

Margin of Safety

-33.0%

Fair Value

$15.64

Current Price

$20.84

$5.20 premium

UndervaluedFair: $15.64Overvalued
KIMUndervalued (+11.5%)

Margin of Safety

+11.5%

Fair Value

$24.86

Current Price

$23.19

$1.67 discount

UndervaluedFair: $24.86Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ALEX1 strengths · Avg: 8.0/10
Price/BookValuation
1.5x8/10

Reasonable price relative to book value

KIM3 strengths · Avg: 9.0/10
Operating MarginProfitability
36.6%10/10

Strong operational efficiency at 36.6%

Profit MarginProfitability
27.8%9/10

Keeps 28 of every $100 in revenue as profit

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Areas to Watch

ALEX4 concerns · Avg: 3.0/10
Market CapQuality
$1.52B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.1%3/10

ROE of 0.1% — below average capital efficiency

Profit MarginProfitability
0.3%3/10

0.3% margin — thin

Operating MarginProfitability
0.3%3/10

Operating margin of 0.3%

KIM4 concerns · Avg: 3.3/10
P/E RatioValuation
27.6x4/10

Moderate valuation

Revenue GrowthGrowth
4.9%4/10

4.9% revenue growth

Return on EquityProfitability
5.9%3/10

ROE of 5.9% — below average capital efficiency

PEG RatioValuation
3.372/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : ALEX

The strongest argument for ALEX centers on Price/Book.

Bull Case : KIM

The strongest argument for KIM centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 27.8% and operating margin at 36.6%.

Bear Case : ALEX

The primary concerns for ALEX are Market Cap, Return on Equity, Profit Margin. Thin 0.3% margins leave little buffer for downturns.

Bear Case : KIM

The primary concerns for KIM are P/E Ratio, Revenue Growth, Return on Equity.

Key Dynamics to Monitor

KIM carries more volatility with a beta of 0.96 — expect wider price swings.

KIM is growing revenue faster at 4.9% — sustainability is the question.

KIM generates stronger free cash flow (233M), providing more financial flexibility.

Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

KIM scores higher overall (56/100 vs 51/100), backed by strong 27.8% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Alexander & Baldwin Holdings Inc

REAL ESTATE · REIT - RETAIL · USA

Alexander & Baldwin, Inc. (A&B) is Hawaii's leading commercial real estate company and the largest neighborhood grocery shopping center owner in the state.

Kimco Realty Corporation

REAL ESTATE · REIT - RETAIL · USA

Kimco Realty Corporation is a real estate investment trust (REIT) that invests in shopping centers.

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