KIM Latest Report

Performance Review

KIM Realty's operating revenue totaled RMB525,397,000 as of December 31, 2024, up 16.36% from RMB451,603,000 as of December 31, 2023, reflecting the company's competitiveness and business expansion in the market.

Key Data in the Financial Report

1. KIM Realty's operating revenue in 2024 was RMB525,397,000, up RMB73,794,000 from RMB451,603,000 in 2023, a 16.36% increase.

2. The main reasons for the growth include increased market demand, successful launch of new real estate projects, growth in commercial property rental income, improved management efficiency, and a better macroeconomic environment.

3. Over the past three months, KIM Realty's stock rose by 18.5%, outperforming the industry average of 10.4%, indicating market optimism about its prospects.

4. The company performed strongly in high-quality open-air shopping centers and mixed-use properties, with active leasing activities, especially a record-high occupancy rate for small shops.

5. The acquisition of RPT Realty further enriched its asset portfolio and strengthened its market competitiveness.

Peer Comparison

1. Industry-wide analysis: The real estate industry generally recovered in 2024, with an improved overall economic environment boosting demand for new construction and commercial properties.

2. Peer evaluation analysis: KIM Realty's 16.36% increase in operating revenue was higher than the industry average, indicating its strong competitive advantage and execution ability in the market.

Summary

KIM Realty performed well in 2024, with a significant increase in operating revenue not only reflecting the recovery of market demand but also related to its successful project development and rental income growth. The company demonstrated strong growth potential and good management capabilities in the competitive real estate market.

Opportunities

1. Continue to expand its asset portfolio of high-quality shopping centers to meet changes in market demand.

2. Leverage policy support to further improve market share, especially in the new low-interest-rate environment.

3. Deepen the development of the leasing market, especially for small shops and mixed-use properties, to increase rental income.

Risks

1. Challenges faced by the industry as a whole may hinder future growth, especially the uncertainty brought by economic fluctuations.

2. If the macroeconomic situation deteriorates, it may affect consumers' purchasing power and leasing willingness.

3. Intensified competition may lead to a slowdown in rental income growth, affecting the company's profitability.