• Kimco Realty average operating margin for 2023 was 34.94%, a 12.46% decline from 2022.
• Kimco Realty average operating margin for 2022 was 31.07%, a 2.14% increase from 2021.
• Kimco Realty average operating margin for 2021 was 31.75%, a 12.03% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.