• Kimco Realty average return on tangible equity for 2023 was 4.11, a 18.61% decline from 2022.
• Kimco Realty average return on tangible equity for 2022 was 5.05, a 58.88% decline from 2021.
• Kimco Realty average return on tangible equity for 2021 was 12.28, a 18.46% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.