Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Jericho, Kimco Realty (KIM - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 16.38%. Currently paying a dividend of $0.28 per share, the company has a dividend yield of 4.75%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.37%, while the S&P 500's yield is 1.33%.
Looking at dividend growth, the company's current annualized dividend of $1.12 is up 10.9% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
KIM is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $1.84 per share, representing a year-over-year earnings growth rate of 4.55%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Shares of Kimco Realty Corporation (NYSE:KIM – Get Free Report) have earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.88.
Several research firms have recently weighed in on KIM. Mizuho reduced their price objective on Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, September 24th. Barclays decreased their target price on Kimco Realty from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 target price on shares of Kimco Realty in a research report on Monday, June 29th. UBS Group reduced their target price on Kimco Realty from $29.00 to $25.00 and set a “buy” rating for the company in a report on Friday, October 9th. Finally, Weiss Ratings lowered Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th.
Check Out Our Latest Research Report on KIM
Institutional Trading of Kimco Realty A number of hedge funds have recently bought and sold shares of the company. Raiffeisen Bank International AG grew its position in Kimco Realty by 9,783.7% in the second quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 47,451 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Kimco Realty by 144.4% during the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock worth $4,442,000 after purchasing an additional 116,811 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Kimco Realty by 9.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock valued at $10,937,000 after purchasing an additional 48,672 shares in the last quarter. Nykredit A S bought a new position in shares of Kimco Realty during the 2nd quarter valued at $4,380,000. Finally, Strs Ohio raised its holdings in shares of Kimco Realty by 566.3% during the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after purchasing an additional 613,876 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors. Kimco Realty Stock Down 0.4% NYSE KIM opened at $22.37 on Thursday. Kimco Realty has a 12 month low of $19.76 and a 12 month high of $26.65. The company has a market capitalization of $15.00 billion, a P/E ratio of 26.31, a PEG ratio of 2.61 and a beta of 0.94. The company’s 50 day simple moving average is $23.25 and its 200 day simple moving average is $23.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.
Kimco Realty (NYSE:KIM – Get Free Report) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Equities research analysts expect that Kimco Realty will post 1.84 earnings per share for the current fiscal year.
Kimco Realty Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, September 4th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is presently 131.76%.
Kimco Realty Company Profile (Get Free Report)
Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.
The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.
Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.
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Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in Jericho, Kimco Realty (KIM - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 9.23%. The real estate investment trust is paying out a dividend of $0.28 per share at the moment, with a dividend yield of 5.06% compared to the REIT and Equity Trust - Retail industry's yield of 4.41% and the S&P 500's yield of 1.42%.
Looking at dividend growth, the company's current annualized dividend of $1.12 is up 10.9% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, KIM expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $1.84 per share, with earnings expected to increase 4.55% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
JERICHO, N.Y., Sept. 22, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) will announce its third quarter 2026 earnings on Thursday October 29, 2026, before market open. You are invited to listen to our quarterly earnings conference call. The webcast information is as follows:
When: 8:30 AM ET, October 29, 2026
Live Webcast: 3Q26 Kimco Realty Earnings Conference Call or on Kimco Realty’s website investors.kimcorealty.com
Audio from the conference will be available on Kimco Realty’s investor relations website until January 27, 2027.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2026, the company owned interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty), and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343 [email protected]
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Kimco Realty (KIM - Free Report) is headquartered in Jericho, and is in the Finance sector. The stock has seen a price change of 11.15% since the start of the year. The real estate investment trust is paying out a dividend of $0.28 per share at the moment, with a dividend yield of 4.97% compared to the REIT and Equity Trust - Retail industry's yield of 4.18% and the S&P 500's yield of 1.44%.
Looking at dividend growth, the company's current annualized dividend of $1.12 is up 10.9% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for KIM for this fiscal year. The Zacks Consensus Estimate for 2026 is $1.84 per share, with earnings expected to increase 4.55% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Kimco Realty offers an attractive 5% yield and trades at 12.3x forward P/FFO, below its 10-year average, presenting a compelling value. KIM's high-quality, necessity-based portfolio, robust leasing activity, and strong SNO pipeline support FFO/share growth. An A- rated balance sheet, disciplined capital recycling, and recent dividend hike to pre-pandemic levels enhance total return prospects and income safety.
Kimco Realty remains a Hold, with shares trading near intrinsic value and limited near-term upside. Record portfolio occupancy of 96.4% and a guidance boost highlight strong leasing demand, but macro risks persist. KIM's dividend yield rises to 4.87% after a 7.7% increase, supported by an 80% targeted AFFO payout ratio and robust credit ratings.
Kimco Realty Corporation (KIM) BofA NY Global Real Estate Conference 2026 September 15, 2026 12:45 PM EDT
Company Participants
Conor Flynn - CEO & Director
Ross Cooper - President, Chief Investment Officer & Director
Glenn Cohen - Executive VP & CFO
Presentation
Conor Flynn
CEO & Director
Why don't I kick things off and then we can dive into Q&A.
First, thanks for having us. We really are excited to be here and continue to resonate with the Kimco story. I think since our second quarter earnings call, the biggest change is, it's just gotten better. The operating environment is one that is very, very healthy. Lack of new supply, I think, is something that's pretty well articulated across the retail sector, specifically in our markets. 0.2% of existing stock under construction is the lowest of any commercial real estate sector. There's more office being constructed today than there is shopping centers.
We sit at an all-time high occupancy rate for our small shops, but our anchor occupancy is still 100 basis points below our all-time high. And that's meaningful upside for us because I think a lot of people are talking about, well, you're full. You don't really have any more upside to go in terms of leasing momentum. We actually think that's the case. Our spread between our physical occupancy and our economic occupancy, some people reference that as the SNO pipeline, the signed but not open pipeline is 400 basis points. That's $75 million of just annual base rent that has not yet started cash flowing.
So we are super excited about the future for Kimco because we think we are at the cross-section of a unique opportunity where we see margin enhancement, performance enhancement tied to the One Kimco platform where we're taking cost out of the business, that SNO
California State Teachers Retirement System grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) by 2,156.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,275,059 shares of the real estate investment trust’s stock after purchasing an additional 23,199,273 shares during the quarter. California State Teachers Retirement System owned approximately 3.62% of Kimco Realty worth $615,373,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Readystate Asset Management LP purchased a new position in Kimco Realty during the second quarter valued at approximately $591,000. Wedmont Private Capital purchased a new position in shares of Kimco Realty during the 2nd quarter valued at $243,000. Saudi Central Bank boosted its holdings in Kimco Realty by 88.8% in the 2nd quarter. Saudi Central Bank now owns 47,185 shares of the real estate investment trust’s stock worth $1,196,000 after buying an additional 22,189 shares during the period. Raiffeisen Bank International AG boosted its holdings in Kimco Realty by 9,783.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock worth $1,238,000 after buying an additional 47,451 shares during the period. Finally, Syon Capital LLC increased its stake in Kimco Realty by 61.9% in the 2nd quarter. Syon Capital LLC now owns 16,092 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 6,153 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.
Kimco Realty Price Performance KIM stock opened at $23.21 on Tuesday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $24.67 and a two-hundred day simple moving average of $24.09. The firm has a market capitalization of $15.57 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.93.
Kimco Realty (NYSE:KIM – Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts anticipate that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year. Kimco Realty Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a $0.28 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty’s payout ratio is currently 131.76%.
Analyst Ratings Changes A number of research firms have commented on KIM. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a report on Friday, June 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kimco Realty in a research note on Friday, July 31st. Raymond James Financial reissued a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Finally, Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.53.
Check Out Our Latest Stock Report on Kimco Realty
Kimco Realty Company Profile (Free Report)
Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties. Its properties are generally located in established communities and are designed to serve everyday consumer needs, with tenants that may include grocery stores, restaurants, retailers, service providers and other businesses.
The company’s portfolio is concentrated in major metropolitan areas across the United States, including markets in coastal and Sun Belt regions.
See Also Five stocks we like better than Kimco Realty Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corporation (NYSE:KIM – Free Report).
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JERICHO, N.Y., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) announced today that its management will present at the BofA Securities 2026 Global Real Estate Conference on Tuesday, September 15, 2026.
Event: Kimco Realty® Management Presentation
When: Tuesday, September 15, 2026, from 12:45 PM – 1:20 PM, ET
Live Webcast: Kimco Realty Management to Present at the BofA Securities 2026 Global Real Estate Conference
Audio from the conference will be available on Kimco Realty’s investor relations website until December 15, 2026.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2026, the company owned interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/KimcoRealty), and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343 [email protected]
Amundi trimmed its position in Kimco Realty Corporation (NYSE:KIM – Free Report) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,884,213 shares of the real estate investment trust’s stock after selling 482,109 shares during the period. Amundi owned about 0.58% of Kimco Realty worth $98,465,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of KIM. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kimco Realty in the 2nd quarter valued at $49,800,000. California State Teachers Retirement System increased its stake in Kimco Realty by 2,156.5% in the second quarter. California State Teachers Retirement System now owns 24,275,059 shares of the real estate investment trust’s stock valued at $615,373,000 after purchasing an additional 23,199,273 shares during the last quarter. Readystate Asset Management LP acquired a new position in Kimco Realty in the second quarter valued at $591,000. Wedmont Private Capital purchased a new position in Kimco Realty during the second quarter worth about $243,000. Finally, Saudi Central Bank lifted its position in Kimco Realty by 88.8% during the second quarter. Saudi Central Bank now owns 47,185 shares of the real estate investment trust’s stock worth $1,196,000 after buying an additional 22,189 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Kimco Realty Stock Down 0.7% Shares of NYSE KIM opened at $23.59 on Thursday. The stock has a fifty day moving average price of $24.79 and a 200 day moving average price of $24.10. The company has a market cap of $15.82 billion, a P/E ratio of 27.75, a P/E/G ratio of 2.73 and a beta of 0.93. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.65. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84.
Kimco Realty (NYSE:KIM – Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. The business had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Research analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year. Kimco Realty Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a dividend of $0.28 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.7%. Kimco Realty’s payout ratio is presently 131.76%.
Analyst Upgrades and Downgrades Several analysts have commented on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $28.00 price target on shares of Kimco Realty in a report on Tuesday, August 11th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Monday, June 22nd. JPMorgan Chase & Co. upped their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Wells Fargo & Company increased their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Truist Financial lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average price target of $26.53.
Read Our Latest Analysis on Kimco Realty
About Kimco Realty (Free Report)
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Jericho, Kimco Realty (KIM - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 18.01%. Currently paying a dividend of $0.26 per share, the company has a dividend yield of 4.35%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.1%, while the S&P 500's yield is 1.36%.
Looking at dividend growth, the company's current annualized dividend of $1.04 is up 3% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for KIM for this fiscal year. The Zacks Consensus Estimate for 2026 is $1.84 per share, which represents a year-over-year growth rate of 4.55%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Jupiter Topco LLC bought a new position in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,495 shares of the real estate investment trust’s stock, valued at approximately $1,787,000.
A number of other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT raised its position in Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares during the last quarter. Root Financial Partners LLC lifted its stake in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Kimco Realty in the 2nd quarter valued at $37,000. MUFG Securities EMEA plc purchased a new stake in shares of Kimco Realty in the 2nd quarter valued at $42,000. Finally, Clearstead Advisors LLC increased its stake in shares of Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,166 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.
Kimco Realty Price Performance Shares of NYSE KIM opened at $23.94 on Friday. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.76 and a beta of 0.93. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.65. The firm’s 50 day simple moving average is $24.94 and its 200-day simple moving average is $24.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.
Kimco Realty (NYSE:KIM – Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The firm had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. During the same period in the previous year, the business posted $0.44 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current year. Kimco Realty Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. Kimco Realty’s dividend payout ratio is presently 122.35%.
Analysts Set New Price Targets Several brokerages recently issued reports on KIM. Raymond James Financial reissued a “strong-buy” rating and set a $29.00 target price on shares of Kimco Realty in a report on Monday, June 29th. Truist Financial increased their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Wells Fargo & Company lifted their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $28.00 price objective on shares of Kimco Realty in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.56.
View Our Latest Research Report on KIM
Kimco Realty Company Profile (Free Report)
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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It has been about a month since the last earnings report for Kimco Realty (KIM - Free Report) . Shares have lost about 3.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Kimco Realty due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Kimco Realty Corporation before we dive into how investors and analysts have reacted as of late.
Kimco Q2 FFO Meet Estimates as Leasing Gains Lift OccupancyKimco reported second-quarter 2026 FFO of 46 cents per share, in line with the Zacks Consensus Estimate. The metric increased 4.5% from 44 cents in the year-ago quarter. Total revenues rose 4.9% year over year to $550.8 million and surpassed the consensus mark of $545 million by 1.06%.
Results benefited from strong leasing activity and higher minimum rents. Pro-rata leased occupancy reached 96.4%, matching the company’s all-time high, while same-property net operating income (NOI) grew 3.5%.
Rental Revenues Rise, Costs Remain MixedNet revenues from rental properties increased to $546.4 million from $520.9 million in the prior-year quarter.
Operating and maintenance expenses increased to $95.1 million from $91.1 million, while real estate taxes rose to $71.2 million from $66.6 million. However, general and administrative expenses declined to $29.9 million from $32.4 million.
Leasing Execution Drives Rent SpreadsKimco executed 461 leases covering 2.5 million square feet during the second quarter. Blended pro-rata cash rent spreads on comparable spaces were 13.1%, comprising 40.4% on new leases, 6.1% on renewals and 8% on options.
Small-shop occupancy increased 70 bps year over year and 40 bps sequentially to a record 92.9%. Pro-rata anchor occupancy improved 110 bps from the prior-year period to 97.8%. The pro-rata leased versus economic occupancy rates spread was 400 bps, representing $75 million in future rents from signed leases that have not yet commenced.
Recycles Capital Through Asset SalesDuring the second quarter, the company sold The Milton, a 253-unit multifamily building at Pentagon Centre, for $142.3 million. Kimco’s pro-rata share of the sales price was $78.2 million, and the transaction carried an approximately 4.9% capitalization rate. It also sold the 44,000-square-foot Shoppes at Bears Path for $7.8 million.
After quarter-end, Kimco sold four Costco-anchored assets for aggregate proceeds of approximately $127 million. It acquired Pompano Marketplace, a Walmart-anchored center, for $53 million and Sunshine Plaza, a Publix-anchored property, for $56 million using 1031 exchange proceeds.
Strengthens LiquidityKimco ended the quarter with $2.7 billion of immediate liquidity. This included $700 million of cash, cash equivalents and restricted cash, along with full availability under its $2 billion unsecured revolving credit facility.
The company issued $600 million of 3.50% exchangeable senior notes due 2031. In connection with the offering, it repurchased roughly 4.1 million common shares for $104.7 million at $25.38 per share.
Raises Its 2026 FFO OutlookKimco increased its 2026 FFO guidance to $1.83-$1.84 per share from $1.81-$1.84.
The revised outlook assumes same-property NOI growth of 3-3.5% compared with the previous 2.8-3.5% range. Credit loss is projected at 55-75 bps of total pro-rata rental revenues, an improvement from the prior 65-90 bps forecast.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates flatlined during the past month.
VGM ScoresAt this time, Kimco Realty has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Kimco Realty has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
First Bank & Trust raised its holdings in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) by 406.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,228 shares of the real estate investment trust’s stock after purchasing an additional 41,925 shares during the period. First Bank & Trust’s holdings in Kimco Realty were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Kimco Realty during the 4th quarter worth approximately $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kimco Realty by 541.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after buying an additional 5,322,009 shares during the period. Invesco Ltd. lifted its holdings in Kimco Realty by 34.9% in the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after buying an additional 4,399,959 shares during the period. Bank of America Corp DE boosted its stake in Kimco Realty by 38.0% in the first quarter. Bank of America Corp DE now owns 8,753,550 shares of the real estate investment trust’s stock valued at $196,692,000 after acquiring an additional 2,412,675 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Kimco Realty by 200.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,574,515 shares of the real estate investment trust’s stock valued at $72,455,000 after acquiring an additional 2,383,236 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.
Analyst Ratings Changes KIM has been the subject of a number of analyst reports. Scotiabank lifted their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Raymond James Financial reissued a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research note on Thursday, June 11th. Finally, Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.41.
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Kimco Realty Stock Down 1.4% Kimco Realty stock opened at $24.12 on Tuesday. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.68 and a beta of 0.95. The company’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $23.72. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65.
Kimco Realty Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.6%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is 122.35%.
Kimco Realty Profile (Free Report)
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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Kimco Realty (NYSE:KIM) reported second-quarter funds from operations of $0.46 per diluted share, up 4.5% from a year earlier, as higher rents, improving credit trends and strong leasing activity supported results. The shopping center REIT also raised the lower end of its full-year FFO outlook and increased its quarterly common dividend by 12% from the prior-year period.
CEO Conor Flynn said the company’s portfolio continued to benefit from retailer demand for open-air, grocery-anchored centers, while new shopping center development remains limited in its markets. Same-property net operating income rose 3.5% in the quarter, driven by higher minimum rents and stronger net recoveries.
“Kimco has the right platform, portfolio, and balance sheet to drive sustainable earnings growth,” Flynn said, citing retailer demand, shopper traffic, a signed-but-not-open leasing pipeline, capital recycling and balance-sheet management.
Occupancy and Leasing Trends Kimco’s pro-rata portfolio occupancy matched its all-time high of 96.4%, despite a 16-basis-point impact from lease rejections connected to the Painted Tree bankruptcy. Small-shop occupancy reached a record 92.9%, while anchor occupancy was 97.8%, down 10 basis points sequentially but up 110 basis points year over year.
David Jamieson, executive vice president and chief operating officer, said Kimco signed 461 leases covering 2.5 million square feet during the quarter at a blended lease spread of 13.1%. New leases accounted for 161 transactions and 685,000 pro-rata square feet, with a blended spread of 40.4%.
The quarter marked Kimco’s 19th consecutive period of double-digit new-lease spreads, according to Jamieson. Renewal and option activity totaled 300 deals covering 1.9 million square feet, with a blended spread of 7%.
Kimco replaced a former Rite Aid at Marketplace of Victoria with Japanese-inspired home goods retailer Teso Life. Woodlawn Marketplace in Charlotte, North Carolina, added Lowes Foods. The company signed its first Uniqlo lease within its lifestyle portfolio. Non-anchor leasing was broad-based, with strength in fitness, health and wellness, restaurants and professional services. Kimco’s signed-not-open pipeline represented $95 million of annual base rent, including $75 million of incremental rent. The company expects 48% of the incremental pipeline to commence by year-end. Jamieson said Kimco now projects $33 million of rent commencements in 2026, 16% above its initial estimate, including $24 million from tenants that opened during the first half and $9 million expected in the second half.
Foot traffic across the portfolio increased 3% year over year, including 3.2% growth in June, Flynn said. In response to an analyst question, management said spending growth was strongest among higher-income consumers, but remained positive among lower-income shoppers. Jamieson cited spending growth of about 5.5% among middle-income consumers and 3.5% among lower-income consumers.
Capital Recycling and Mixed-Use Monetization Kimco continued to recycle capital from lower-growth assets into grocery-anchored properties with higher expected growth. During the quarter, the company acquired Pompano Marketplace, a Walmart-anchored center in Pompano Beach, Florida, for $53 million, and Sunshine Plaza, a Publix-anchored center in a first-ring Fort Lauderdale suburb, for $56 million.
Pompano Marketplace was the third acquisition sourced through Kimco’s structured investment program. President and Chief Investment Officer Ross Cooper said the property had initially been financed through the program, where Kimco served as senior lender at an 8% yield. Kimco later used contractual rights to acquire the property when its borrower sought to sell.
Cooper said the acquired South Florida centers had compound annual growth rates more than 350 basis points above the Costco properties Kimco sold as part of its disposition initiative. The company said the Costco assets had annual growth below 1% and a sub-6% unlevered internal rate of return over a 10-year hold, compared with an expected unlevered IRR above 9% for the replacement properties.
The company also completed the sale of The Milton, a 253-unit multifamily building at its Pentagon Centre mixed-use project in Pentagon City, Virginia. Cooper described the sale as Kimco’s first full-cycle monetization of a ground-up multifamily development within its value-add redevelopment program. The Milton sold at a 4.9% capitalization rate.
Kimco expects to consider monetizing the second residential tower at Pentagon Centre, The Witmer, next, though Cooper said no formal timetable has been established. Management said it evaluates each mixed-use project individually and retains flexibility to hold, develop, sell or structure assets through joint ventures and preferred-equity arrangements.
Balance Sheet, Outlook and Dividend Executive Vice President and CFO Glenn Cohen said second-quarter FFO totaled $309.2 million, compared with $297.6 million a year earlier. Credit loss was 57 basis points in the quarter, down from 89 basis points in the comparable 2025 period. Year-to-date credit loss was 54 basis points.
Kimco ended the quarter with consolidated net debt to EBITDA of 5.2 times, or 5.5 times including pro-rata joint venture debt and preferred stock. Total liquidity was $2.7 billion, including $700 million of cash, much of which Cohen said is expected to be used for 2026 debt maturities.
During the quarter, Kimco issued $600 million of 3.5% exchangeable senior notes due 2031. The offering was upsized due to investor demand. The notes have an initial exchange price of approximately $32.36 per share, a 27.5% premium to Kimco’s stock price at issuance. In connection with the offering, the company repurchased approximately 4.1 million common shares for $104.7 million.
Kimco raised the lower end of its 2026 FFO outlook to $1.83 per diluted share from $1.81, while maintaining the upper end at $1.84. It also increased its same-property NOI growth forecast to 3% to 3.5%, from a prior range of 2.8% to 3.5%, and tightened its credit-loss outlook to 55 to 75 basis points from 65 to 90 basis points.
The board declared a quarterly common dividend of $0.28 per share, or $1.12 on an annualized basis. Cohen said the increase reflects growth in operating cash flows, earnings and taxable income.
About Kimco Realty (NYSE:KIM) Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
Cetera Investment Advisers boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) by 144.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,693 shares of the real estate investment trust’s stock after buying an additional 116,811 shares during the period. Cetera Investment Advisers’ holdings in Kimco Realty were worth $4,442,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after buying an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kimco Realty by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after acquiring an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Kimco Realty in the first quarter worth $61,000. Quantbot Technologies LP purchased a new stake in shares of Kimco Realty during the second quarter worth $331,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Kimco Realty by 30.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 1,170 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.
Kimco Realty Stock Down 1.5% Shares of KIM stock opened at $25.03 on Wednesday. The stock’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $23.63. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.79 and a beta of 0.95.
Kimco Realty Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a $0.28 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.5%. Kimco Realty’s payout ratio is 120.93%.
Wall Street Analysts Forecast Growth A number of research analysts have commented on the company. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research note on Monday, June 22nd. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Truist Financial lifted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley increased their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.12.
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More Kimco Realty News Here are the key news stories impacting Kimco Realty this week:
Positive Sentiment: Second-quarter funds from operations (FFO) increased to $0.46 per share from $0.44 a year earlier, while revenue rose 4.9% to $550.8 million. Portfolio occupancy reached an all-time high of 96.4% after Kimco executed 461 leases covering 2.5 million square feet. Kimco Realty Announces Second Quarter 2026 Results Positive Sentiment: Kimco increased its quarterly common dividend to $0.28 per share from $0.26, an approximately 7.7% sequential increase and roughly 4.5% annualized yield based on the reported data. The dividend is payable September 17 to shareholders of record September 4. Kimco Realty dividend announcement Positive Sentiment: Management raised its 2026 outlook, with EPS guidance of $1.83-$1.84, and ended the quarter with approximately $2.7 billion of immediate liquidity. Asset sales also generated proceeds, including $142.3 million from the sale of The Milton multifamily property. Neutral Sentiment: FFO matched the Zacks consensus estimate rather than exceeding it, limiting the earnings surprise despite growth from the prior year. Kimco Realty Q2 FFO Match Estimates Negative Sentiment: Same-property net operating income grew 3.5% year over year, described as mediocre by some market coverage, suggesting underlying property-level growth was not especially strong. Kimco Realty slips despite strong Q2 Negative Sentiment: Net income available to common shareholders declined to $145.8 million, or $0.22 per diluted share, from $155.4 million, or $0.23, a year earlier. This earnings-quality concern likely offset the better FFO, occupancy and dividend outlook. Kimco Realty Profile (Free Report)
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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Bullish Technicals Say These 3 Large Caps are BuysKimco Realty NYSE: KIM reported second-quarter funds from operations of $0.46 per diluted share, up 4.5% from a year earlier, as higher rents, improving credit trends and strong leasing activity supported results. The shopping center REIT also raised the lower end of its full-year FFO outlook and increased its quarterly common dividend by 12% from the prior-year period.
CEO Conor Flynn said the company’s portfolio continued to benefit from retailer demand for open-air, grocery-anchored centers, while new shopping center development remains limited in its markets. Same-property net operating income rose 3.5% in the quarter, driven by higher minimum rents and stronger net recoveries.
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“Kimco has the right platform, portfolio, and balance sheet to drive sustainable earnings growth,” Flynn said, citing retailer demand, shopper traffic, a signed-but-not-open leasing pipeline, capital recycling and balance-sheet management.
Occupancy and Leasing Trends Kimco’s pro-rata portfolio occupancy matched its all-time high of 96.4%, despite a 16-basis-point impact from lease rejections connected to the Painted Tree bankruptcy. Small-shop occupancy reached a record 92.9%, while anchor occupancy was 97.8%, down 10 basis points sequentially but up 110 basis points year over year.
David Jamieson, executive vice president and chief operating officer, said Kimco signed 461 leases covering 2.5 million square feet during the quarter at a blended lease spread of 13.1%. New leases accounted for 161 transactions and 685,000 pro-rata square feet, with a blended spread of 40.4%.
The quarter marked Kimco’s 19th consecutive period of double-digit new-lease spreads, according to Jamieson. Renewal and option activity totaled 300 deals covering 1.9 million square feet, with a blended spread of 7%.
Kimco replaced a former Rite Aid at Marketplace of Victoria with Japanese-inspired home goods retailer Teso Life. Woodlawn Marketplace in Charlotte, North Carolina, added Lowes Foods. The company signed its first Uniqlo lease within its lifestyle portfolio. Non-anchor leasing was broad-based, with strength in fitness, health and wellness, restaurants and professional services. Kimco’s signed-not-open pipeline represented $95 million of annual base rent, including $75 million of incremental rent. The company expects 48% of the incremental pipeline to commence by year-end. Jamieson said Kimco now projects $33 million of rent commencements in 2026, 16% above its initial estimate, including $24 million from tenants that opened during the first half and $9 million expected in the second half.
Foot traffic across the portfolio increased 3% year over year, including 3.2% growth in June, Flynn said. In response to an analyst question, management said spending growth was strongest among higher-income consumers, but remained positive among lower-income shoppers. Jamieson cited spending growth of about 5.5% among middle-income consumers and 3.5% among lower-income consumers.
Capital Recycling and Mixed-Use Monetization Kimco continued to recycle capital from lower-growth assets into grocery-anchored properties with higher expected growth. During the quarter, the company acquired Pompano Marketplace, a Walmart-anchored center in Pompano Beach, Florida, for $53 million, and Sunshine Plaza, a Publix-anchored center in a first-ring Fort Lauderdale suburb, for $56 million.
Pompano Marketplace was the third acquisition sourced through Kimco’s structured investment program. President and Chief Investment Officer Ross Cooper said the property had initially been financed through the program, where Kimco served as senior lender at an 8% yield. Kimco later used contractual rights to acquire the property when its borrower sought to sell.
Cooper said the acquired South Florida centers had compound annual growth rates more than 350 basis points above the Costco properties Kimco sold as part of its disposition initiative. The company said the Costco assets had annual growth below 1% and a sub-6% unlevered internal rate of return over a 10-year hold, compared with an expected unlevered IRR above 9% for the replacement properties.
The company also completed the sale of The Milton, a 253-unit multifamily building at its Pentagon Centre mixed-use project in Pentagon City, Virginia. Cooper described the sale as Kimco’s first full-cycle monetization of a ground-up multifamily development within its value-add redevelopment program. The Milton sold at a 4.9% capitalization rate.
Kimco expects to consider monetizing the second residential tower at Pentagon Centre, The Witmer, next, though Cooper said no formal timetable has been established. Management said it evaluates each mixed-use project individually and retains flexibility to hold, develop, sell or structure assets through joint ventures and preferred-equity arrangements.
Balance Sheet, Outlook and Dividend Executive Vice President and CFO Glenn Cohen said second-quarter FFO totaled $309.2 million, compared with $297.6 million a year earlier. Credit loss was 57 basis points in the quarter, down from 89 basis points in the comparable 2025 period. Year-to-date credit loss was 54 basis points.
Kimco ended the quarter with consolidated net debt to EBITDA of 5.2 times, or 5.5 times including pro-rata joint venture debt and preferred stock. Total liquidity was $2.7 billion, including $700 million of cash, much of which Cohen said is expected to be used for 2026 debt maturities.
During the quarter, Kimco issued $600 million of 3.5% exchangeable senior notes due 2031. The offering was upsized due to investor demand. The notes have an initial exchange price of approximately $32.36 per share, a 27.5% premium to Kimco’s stock price at issuance. In connection with the offering, the company repurchased approximately 4.1 million common shares for $104.7 million.
Kimco raised the lower end of its 2026 FFO outlook to $1.83 per diluted share from $1.81, while maintaining the upper end at $1.84. It also increased its same-property NOI growth forecast to 3% to 3.5%, from a prior range of 2.8% to 3.5%, and tightened its credit-loss outlook to 55 to 75 basis points from 65 to 90 basis points.
The board declared a quarterly common dividend of $0.28 per share, or $1.12 on an annualized basis. Cohen said the increase reflects growth in operating cash flows, earnings and taxable income.
About Kimco Realty (NYSE:KIM)Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation NYSE: KIM is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company's portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco's core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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Key Takeaways Kimco's Q2 FFO met estimates, while revenues rose 4.9% as leasing activity boosted occupancy.KIM executed 461 leases, with 13.1% blended rent spreads and record small-shop occupancy of 92.9%.Kimco raised 2026 FFO guidance and lifted its dividend 12% year over year to 28 cents per share. Kimco Realty Corporation (KIM - Free Report) reported second-quarter 2026 funds from operations (FFO) of 46 cents per share, in line with the Zacks Consensus Estimate. The metric increased 4.5% from 44 cents in the year-ago quarter. Total revenues rose 4.9% year over year to $550.8 million and surpassed the consensus mark of $545 million by 1.06%.
Results benefited from strong leasing activity and higher minimum rents. Pro-rata leased occupancy reached 96.4%, matching the company’s all-time high, while same-property net operating income (NOI) grew 3.5%.
KIM's Rental Revenues Rise, Costs Remain MixedNet revenues from rental properties increased to $546.4 million from $520.9 million in the prior-year quarter.
Operating and maintenance expenses increased to $95.1 million from $91.1 million, while real estate taxes rose to $71.2 million from $66.6 million. However, general and administrative expenses declined to $29.9 million from $32.4 million.
KIM's Leasing Execution Drives Rent SpreadsKimco executed 461 leases covering 2.5 million square feet during the second quarter. Blended pro-rata cash rent spreads on comparable spaces were 13.1%, comprising 40.4% on new leases, 6.1% on renewals and 8% on options.
Small-shop occupancy increased 70 basis points (bps) year over year and 40 bps sequentially to a record 92.9%. Pro-rata anchor occupancy improved 110 basis points from the prior-year period to 97.8%. The pro-rata leased versus economic occupancy rates spread was 400 basis points, representing $75 million in future rents from signed leases that have not yet commenced.
KIM Recycles Capital Through Asset SalesDuring the second quarter, the company sold The Milton, a 253-unit multifamily building at Pentagon Centre, for $142.3 million. Kimco’s pro-rata share of the sales price was $78.2 million, and the transaction carried an approximately 4.9% capitalization rate. It also sold the 44,000-square-foot Shoppes at Bears Path for $7.8 million.
After quarter-end, KIM sold four Costco-anchored assets for aggregate proceeds of approximately $127 million. It acquired Pompano Marketplace, a Walmart-anchored center, for $53 million and Sunshine Plaza, a Publix-anchored property, for $56 million using 1031 exchange proceeds.
KIM Strengthens Liquidity and Raises DividendKimco ended the quarter with $2.7 billion of immediate liquidity. This included $700 million of cash, cash equivalents and restricted cash, along with full availability under its $2 billion unsecured revolving credit facility.
The company issued $600 million of 3.50% exchangeable senior notes due 2031. In connection with the offering, it repurchased roughly 4.1 million common shares for $104.7 million at $25.38 per share.
The board also raised the quarterly common dividend 12% year over year to 28 cents per share. The dividend will be paid on Oct. 15, 2026, to shareholders of record on Oct, 1, 2026.
KIM Raises Its 2026 FFO OutlookKIM increased its 2026 FFO guidance to $1.83-$1.84 per share from $1.81-$1.84. The Zacks Consensus Estimate of $1.83 lies within the guidance.
The revised outlook assumes same-property NOI growth of 3-3.5% compared with the previous 2.8-3.5% range. Credit loss is projected at 55-75 bps of total pro-rata rental revenues, an improvement from the prior 65-90 bps forecast.
KIM’s Zacks RankThe company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Retail REITsFederal Realty Investment Trust (FRT - Free Report) reported second-quarter 2026 core FFO per share of $1.88, up 6.8% year over year and above the Zacks Consensus Estimate of $1.85.
Total revenues increased 7.8% year over year to $335.7 million and surpassed the consensus mark of $333.5 million by 0.66%. The company’s results reflected higher rental income, record comparable leasing volume and growth in adjusted comparable property operating income. FRT carries a Zacks Rank #3 (Hold).
Regency Centers Corporation (REG - Free Report) reported second-quarter 2026 NAREIT FFO per share of $1.21, beating the Zacks Consensus Estimate of $1.20 by 0.8%. The metric increased 4.3% from the year-ago quarter.
Total revenues of $413.5 million rose 8.6% year over year and topped the consensus mark of $405 million by 2.1%. The company's results reflected solid leasing demand, with same-property NOI advancing 3.8%. REG carries a Zacks Rank #3.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
Kimco Realty (KIM - Free Report) came out with quarterly funds from operations (FFO) of $0.46 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this real estate investment trust would post FFO of $0.45 per share when it actually produced FFO of $0.46, delivering a surprise of +2.22%.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
Kimco Realty, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $550.8 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.06%. This compares to year-ago revenues of $525.17 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Kimco Realty shares have added about 25.4% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Kimco Realty?While Kimco Realty has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Kimco Realty was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.46 on $548.67 million in revenues for the coming quarter and $1.83 on $2.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Realty Income Corp. (O - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This real estate investment trust is expected to post quarterly earnings of $1.09 per share in its upcoming report, which represents a year-over-year change of +3.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Realty Income Corp.'s revenues are expected to be $1.54 billion, up 9% from the year-ago quarter.
Kimco Realty (KIM - Free Report) reported $550.8 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.9%. EPS of $0.46 for the same period compares to $0.23 a year ago.
The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $545.03 million. With the consensus EPS estimate being $0.46, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kimco Realty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Pro-rata portfolio occupancy rate: 96.4% versus the three-analyst average estimate of 94.5%.Revenues- Management and other fee income: $4.38 million versus $5.05 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change.Revenues- Revenues from rental properties, net: $546.42 million compared to the $539.94 million average estimate based on four analysts. The reported number represents a change of +4.9% year over year.Net Earnings Per Share- Diluted: $0.22 compared to the $0.20 average estimate based on three analysts.View all Key Company Metrics for Kimco Realty here>>>
Shares of Kimco Realty have returned +1.4% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
– Strong Leasing Gains Drove Occupancy to All-time Highs – – Increases Common Dividend 12% Year-over-Year – – Raises 2026 Outlook – JERICHO, N.Y., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (“REIT”) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the second quarter ended June 30, 2026.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in Jericho, Kimco Realty (KIM - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 25.7%. The real estate investment trust is currently shelling out a dividend of $0.26 per share, with a dividend yield of 4.08%. This compares to the REIT and Equity Trust - Retail industry's yield of 3.73% and the S&P 500's yield of 1.34%.
Looking at dividend growth, the company's current annualized dividend of $1.04 is up 3% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
KIM is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $1.83 per share, with earnings expected to increase 3.98% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that KIM is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Bank of Nova Scotia lifted its holdings in Kimco Realty Corporation (NYSE:KIM – Free Report) by 24.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,275 shares of the real estate investment trust’s stock after buying an additional 26,564 shares during the quarter. Bank of Nova Scotia’s holdings in Kimco Realty were worth $3,017,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kimco Realty by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after buying an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Kimco Realty in the 1st quarter worth approximately $61,000. Quantbot Technologies LP purchased a new stake in shares of Kimco Realty in the 2nd quarter worth approximately $331,000. Finally, EverSource Wealth Advisors LLC increased its position in Kimco Realty by 30.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 1,170 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades A number of brokerages have issued reports on KIM. UBS Group lifted their price objective on Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Stifel Nicolaus set a $28.00 target price on Kimco Realty in a research note on Thursday, June 11th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley upped their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average target price of $26.12.
Read Our Latest Analysis on KIM
Kimco Realty Stock Performance Shares of KIM stock opened at $26.25 on Wednesday. The company has a 50 day moving average price of $25.04 and a 200-day moving average price of $23.45. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The firm has a market capitalization of $17.70 billion, a PE ratio of 30.52, a P/E/G ratio of 2.90 and a beta of 0.95. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78.
Kimco Realty (NYSE:KIM – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.
About Kimco Realty (Free Report)
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
See Also Five stocks we like better than Kimco Realty These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corporation (NYSE:KIM – Free Report).
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Key Takeaways Kimco Realty is expected to report higher Q2 revenues and FFO when it releases results on Aug. 4.KIM's grocery-anchored portfolio and healthy leasing demand are expected to support same-site NOI growth.KIM's occupancy to be pressured by recent bankruptcies, delayed rent commencements and redevelopment downtime. Kimco Realty Corporation (KIM - Free Report) is slated to report second-quarter 2026 results on Aug. 4, before the opening bell. The company’s quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.
In the last reported quarter, this Jericho, NY-based retail real estate investment trust (REIT) reported FFO per share of 46 cents, which surpassed the Zacks Consensus Estimate by a cent. Results were supported by steady rent growth and continued demand for Kimco’s open-air, grocery-anchored centers.
Over the preceding four quarters, Kimco’s FFO per share surpassed the Zacks Consensus Estimate on three occasions and met in the remaining period, the average beat being 1.72%. This is depicted in the graph below:
In this article, we will dive deep into the U.S. retail real estate market environment and the company's fundamentals and analyze the factors that may have contributed to its second-quarter 2026 performance.
US Retail Real Estate Market in Q2The second-quarter 2026 U.S. retail market showed signs of stabilization, as shopping-center demand returned to positive territory and vacancy remained near historically low levels. Limited new construction continued to support rent growth, while resilient consumer spending favored grocery, discount and other value-oriented retailers. However, uneven regional trends and rising pressure on lower- and middle-income households kept the operating backdrop mixed.
Per the Cushman & Wakefield report, net absorption reached 708,000 square feet, while national vacancy remained broadly stable at 6%, up only 3 basis points sequentially and still below the historical average of 7.4%. Limited construction continued to support market fundamentals, with just 2.3 million square feet delivered during the quarter and the development pipeline accounting for less than 0.3% of existing inventory.
Asking rents increased 2.2% year over year to $25.65 per square foot, supported by tight availability and muted new supply. The West led demand growth with 1.3 million square feet of positive absorption and was the only region to record a decline in vacancy. In contrast, the South posted a slight rise in vacancy as earlier population growth encouraged new development, creating temporary lease-up pressure in markets such as Atlanta, Houston, Washington and Dallas-Fort Worth. Rents in the South advanced 3.3% year over year, the strongest growth among all regions.
Consumer spending remained resilient despite higher energy costs. Retail sales rose 6.9% year over year, or 5.4%, excluding gasoline stations, while unemployment stayed low at 4.2%. However, inflation outpaced wage growth in April and May, increasing pressure on lower- and middle-income households. This widening spending divide is likely to favor grocery, discount, value and health-and-wellness retailers over discretionary categories.
Factors to Consider Ahead of KIM’s Upcoming ResultsKimco’s second-quarter performance is likely to have witnessed continued strength in its grocery-anchored, necessity-based portfolio, supported by limited new retail supply, high tenant retention and healthy leasing demand. Management entered the second quarter with a record $77 million signed-but-not-open pipeline and indicated that leasing activity remained on pace with the prior year.
Rent commencements scheduled from the second quarter onward should begin lifting economic occupancy, minimum rents and same-property NOI, while positive mark-to-market spreads and strong small-shop demand may provide additional support. Management expects same-site NOI growth to accelerate sequentially after the first quarter’s 1.7% increase.
However, second quarter comparisons may be affected by the absence of the first quarter’s roughly $7 million accelerated below-market rent benefit and seasonally higher percentage-rent income.
Occupancy could also remain constrained by recent bankruptcies, tenant openings that have not yet commenced rent and redevelopment-related downtime. Higher refinancing costs remain a headwind, although Kimco’s strong liquidity and improved leverage should limit near-term pressure.
Q2 Projections for KIMThe company’s top line is expected to have improved due to the above tailwinds. The Zacks Consensus Estimate for KIM’s quarterly revenues stands at $545 million, implying 3.8% growth from the prior-year reported number.
Our estimate for net revenues from rental properties stands at $540 million, indicating a 3.6% increase year over year. However, we expect KIM’s leased occupancy to decrease 40 basis points sequentially to 95.9% in the to-be-reported quarter. We estimate a year-over-year increase of 3.4% in its second-quarter interest expenses.
Before the second-quarter earnings release, the company’s activities were inadequate to gain analysts’ confidence. The Zacks Consensus Estimate for quarterly FFO per share has remained unchanged at 46 cents for more than three months. It implies a rise of 4.6% year over year.
What Our Quantitative Model Predicts for KIMOur proven model predicts a surprise in terms of FFO per share for Kimco this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is the case here.
Kimco currently has an Earnings ESP of +0.63% and a Zacks Rank of 2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks That Warrant a LookHere are two other stocks from the retail REIT sector — Regency Centers (REG - Free Report) and Simon Property Group (SPG - Free Report) — that you may want to consider, as our model shows that these also have the right combination of elements to report a surprise this quarter.
Regency Centers, slated to release quarterly numbers on July 29, has an Earnings ESP of +0.68% and carries a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Simon Property Group, scheduled to report quarterly numbers on Aug. 10, has an Earnings ESP of +1.21% and carries a Zacks Rank of 3 at present.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
California Public Employees Retirement System lifted its holdings in Kimco Realty Corporation (NYSE:KIM – Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,324,711 shares of the real estate investment trust’s stock after purchasing an additional 50,289 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Kimco Realty worth $29,766,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in Kimco Realty by 2.2% during the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after buying an additional 1,034,573 shares during the period. Geode Capital Management LLC lifted its stake in Kimco Realty by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after buying an additional 223,936 shares in the last quarter. Invesco Ltd. lifted its stake in Kimco Realty by 34.9% in the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after buying an additional 4,399,959 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Kimco Realty by 8.1% in the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after buying an additional 970,276 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Kimco Realty by 0.5% in the third quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after buying an additional 63,054 shares during the period. 89.25% of the stock is owned by institutional investors.
Kimco Realty Trading Up 0.2% NYSE KIM opened at $26.07 on Wednesday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The stock’s 50 day moving average price is $24.75 and its two-hundred day moving average price is $23.25. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 2.87 and a beta of 0.95.
Kimco Realty (NYSE:KIM – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. During the same period last year, the business earned $0.44 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.0%. Kimco Realty’s dividend payout ratio is presently 120.93%.
Analyst Upgrades and Downgrades Several brokerages have recently issued reports on KIM. Truist Financial increased their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research report on Thursday, June 11th. Scotiabank upped their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Evercore set a $25.00 target price on shares of Kimco Realty in a research note on Friday, May 1st. Finally, UBS Group increased their target price on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.06.
View Our Latest Stock Report on Kimco Realty
Kimco Realty Profile (Free Report)
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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D.A. Davidson & CO. increased its stake in Kimco Realty Corporation (NYSE:KIM – Free Report) by 78.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,771 shares of the real estate investment trust’s stock after purchasing an additional 38,570 shares during the period. D.A. Davidson & CO.’s holdings in Kimco Realty were worth $1,972,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of KIM. Zions Bancorporation National Association UT boosted its position in shares of Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,049 shares in the last quarter. Brown Lisle Cummings Inc. lifted its stake in Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 840 shares during the last quarter. Root Financial Partners LLC lifted its stake in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty in the 2nd quarter valued at $37,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 89.25% of the company’s stock.
Kimco Realty Stock Up 0.2% Kimco Realty stock opened at $26.07 on Wednesday. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.45. The stock has a market cap of $17.58 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. The firm’s 50-day simple moving average is $24.75 and its 200 day simple moving average is $23.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.
Kimco Realty (NYSE:KIM – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Research analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.
Kimco Realty Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.
Wall Street Analysts Forecast Growth A number of research analysts have issued reports on KIM shares. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Truist Financial increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a report on Thursday, June 11th. Piper Sandler raised their price target on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.06.
Get Our Latest Research Report on Kimco Realty
About Kimco Realty (Free Report)
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in Jericho, Kimco Realty (KIM - Free Report) is a Finance stock that has seen a price change of 28.42% so far this year. The real estate investment trust is currently shelling out a dividend of $0.26 per share, with a dividend yield of 4%. This compares to the REIT and Equity Trust - Retail industry's yield of 3.88% and the S&P 500's yield of 1.32%.
Looking at dividend growth, the company's current annualized dividend of $1.04 is up 3% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
KIM is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $1.83 per share, with earnings expected to increase 3.98% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
SummaryKimco Realty Corporation has a solid balance sheet — $19.58B in total assets, an investment-grade A-/A-/A3 credit rating, and an asset coverage ratio (Total Assets/Debt) of ~236%.Preferred stocks KIM.PR.L (~6.54% current yield) and KIM.PR.M (~6.6%) trade below par and carry investment-grade ratings (Baa1/BBB/BBB).KIM has a portfolio of 565 properties and 100 million sq ft of leasable area, with the largest share being occupied by the "Grocery and Beverages" and "Restaurants" sectors.This idea was discussed in more depth with members of my private investing community, Trade With Beta. Learn More » Getty Images
In today's article, we will look into Kimco Realty Corporation (KIM), its financial metrics and ratios from the last quarter, and its financial instruments. We will look to the opportunities that they provide to us, as at the current
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in KIM.PR.M over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Kimco Realty (KIM - Free Report) is headquartered in Jericho, and is in the Finance sector. The stock has seen a price change of 25.06% since the start of the year. The real estate investment trust is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 4.1% compared to the REIT and Equity Trust - Retail industry's yield of 3.74% and the S&P 500's yield of 1.41%.
Looking at dividend growth, the company's current annualized dividend of $1.04 is up 3% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, KIM expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $1.83 per share, representing a year-over-year earnings growth rate of 3.98%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
June 17, 2026 16:10 ET | Source: Kimco Realty Corporation
JERICHO, N.Y., June 17, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) will announce its second quarter 2026 earnings on Tuesday, August 4, 2026, before market open. You are invited to listen to our quarterly earnings conference call. The webcast information is as follows:
When: 8:30 AM ET, August 4, 2026
Live Webcast: 2Q26 Kimco Realty Earnings Conference Call or on Kimco Realty’s website investors.kimcorealty.com
Audio from the conference will be available on Kimco Realty’s investor relations website until November 4, 2026.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of March 31, 2026, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty), and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343 [email protected]
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Kimco Realty (KIM - Free Report) is headquartered in Jericho, and is in the Finance sector. The stock has seen a price change of 27.82% since the start of the year. Currently paying a dividend of $0.26 per share, the company has a dividend yield of 4.01%. In comparison, the REIT and Equity Trust - Retail industry's yield is 3.8%, while the S&P 500's yield is 1.41%.
Looking at dividend growth, the company's current annualized dividend of $1.04 is up 3% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, KIM expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $1.83 per share, which represents a year-over-year growth rate of 3.98%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
SummaryKimco Realty remains a solid buy, driven by a high-quality, grocery-anchored portfolio and robust occupancy gains.KIM's SNO pipeline and redevelopment initiatives underpin expectations for 5% annual FFO/share growth and ~10% total annual returns.It maintains a strong A-/A3-rated balance sheet, a 4% dividend yield, and a conservative payout ratio, supporting income and growth.While KIM trades near fair value at 14.2x forward P/FFO, its defensive profile and leasing momentum offer attractive risk-adjusted returns.Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More »Sitewide Sale 2026: Get 20% Off Getty Images
Most investors would agree that having good acumen is a key to success. However, having patience with the conviction to stick with one’s thesis is another good trait that’s often ignored. Sticking with good companies with attractive valuations can pay
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of KIM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
– Leased 4.4 Million Square Feet with New Lease Spreads of 24% –
– Record $77 Million in Future ABR from Leased-to-Economic Occupancy Spread –
– Updates 2026 Outlook –
JERICHO, N.Y., April 30, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (“REIT”) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the first quarter ended March 31, 2026. For the three months ended March 31, 2026 and 2025, Net income available to the company’s common shareholders (“Net income”) per diluted share was $0.23 and $0.18, respectively.
First Quarter Highlights
Produced 4.5% growth in Funds From Operations* (“FFO”) per diluted share to $0.46.Generated blended pro-rata cash rent spreads of 11.3% on comparable leases.Achieved record leased-to-economic occupancy spread of 410 basis points, representing a $77 million, or a 28%, year-over-year increase in future Annual Base Rent (“ABR”).Completed the sale of two ground-leased parcels totaling $47.1 million and deployed $37.9 million into new structured investments, net of repayments.Completed $106 million preferred equity mixed-use development at Coulter Place, a 131-unit multifamily project complementing 400,000-square-foot premier lifestyle center at Suburban Square in Ardmore, Pennsylvania.
“Our solid first quarter results, highlighted by strong leasing activity, rent commencements, and tenant credit profiles, continue to validate our strategy and underscore the power of the Kimco platform, the quality of our portfolio, the resilient demand for our product and the ability to generate durable cash flow,” said Kimco CEO Conor Flynn. “With a significant signed-not-opened pipeline set to come online over the coming quarters, we have a clear line of sight to meaningful organic growth. Combining our strong balance sheet with a disciplined approach to capital allocation, we remain confident that we will meet our external growth targets and deliver sustained long-term value for our shareholders.”
Financial Results
Net income for the first quarter of 2026 was $157.4 million, or $0.23 per diluted share, compared to $125.1 million, or $0.18 per diluted share, for the first quarter of 2025. This 28% per diluted share increase is primarily attributable to:
$21.5 million of growth in consolidated revenues from rental properties, net, driven by an increase of $8.3 million in minimum rents and a $6.5 million increase in reimbursement income compared to the prior year period.This growth was partially offset by a $5.7 million increase in total operating and maintenance expenses mainly attributable to higher snow removal and landscaping-related services, a $2.9 million increase in real estate tax expense, and $2.5 million in lower lease termination income compared to the prior year period.A $15.3 million increase in gains on sales of operating properties, net of non-cash impairments, compared to the first quarter of 2025, primarily due to the sale of a ground leased parcel at Mission Bell shopping center. Gains on sales of operating properties, net of impairments, is excluded from the company’s calculation of FFO.A $5.1 million increase in equity in income from other investments, primarily driven by $4.8 million of higher profit participation income, which is excluded from the company’s calculation of FFO. FFO was $311.3 million, or $0.46 per diluted share, for the first quarter of 2026, compared to $301.9 million, or $0.44 per diluted share, for the first quarter of 2025.
*Reconciliations of non-GAAP measures to the most directly comparable GAAP measure are provided in the tables accompanying this press release.
Operating Results
Signed 4.4 million square feet during the first quarter comprising 576 leases, generating blended pro-rata cash rent spreads on comparable spaces of 11.3%, with new leases up 23.8% and renewals and options growing 12.0% and 7.9%, respectively.Increased pro-rata leased occupancy by 50 basis points year-over-year to 96.3% at quarter end.Reported pro-rata anchor occupancy of 97.9%, up 50 basis points year-over-year, with pro-rata small shop occupancy of 92.5%, up 80 basis points year-over-year.Generated 1.7% growth in same property net operating income* (“NOI”) year-over-year, driven by a 2.2% increase in minimum rents. Credit loss, as a percentage of total pro-rata rental revenues, was 52 basis points during the first quarter. Transactional Activities
Sold two ground-leased parcels: Lowe's Home Improvement at Mission Bell Shopping Center in Tampa, Florida for $22.8 million and the Walmart and Sam's Club at Dulles Town Crossing in Sterling, Virginia for $24.3 million. The proceeds were utilized as part of a reverse 1031 exchange toward the December 2025 acquisition of the common member interests in The Shoppes at 82nd Street.Under Kimco’s Structured Investment Program, invested $76.4 million in new capital partially offset by $38.5 million in mezzanine loan repayments. Capital Market Activities
Completed a recast of the $2.0 billion unsecured revolving credit facility. The new facility, expandable to $2.75 billion under an accordion feature, is priced at Term SOFR plus 63.5 basis points and has an initial maturity of March 17, 2030 with two six-month extension options.Launched a $750.0 million commercial paper program, providing short-term financing flexibility with maturities spanning 1 to 397 days.Repurchased 23,103 shares of common stock during the first quarter of 2026 at a weighted average price of $19.99 per share, net of fees and commissions.Ended the quarter with approximately $2.2 billion of immediate liquidity, including full availability on the $2.0 billion unsecured revolving credit facility and approximately $170 million of cash, cash equivalents and restricted cash on the balance sheet. Dividend Declarations
The board of directors declared a cash dividend of $0.26 per common share (equivalent to $1.04 per annum), representing a 4.0% increase over the quarterly dividend in the corresponding period of the prior year. The quarterly cash dividend on common shares will be payable on June 18, 2026, to shareholders of record on June 5, 2026.The board of directors also declared quarterly dividends with respect to each of the company’s Class L, Class M, and Class N series of preferred shares. These dividends on the preferred shares will be paid on July 15, 2026 to shareholders of record on July 1, 2026. 2026 Full Year Outlook
The company has updated its 2026 outlook for Net income and FFO per diluted share as follows:
Current PreviousNet income:$0.83 to $0.87$0.80 to $0.84FFO:$1.81 to $1.84$1.80 to $1.84
The company’s full year outlook is based on the following assumptions (pro-rata share unless otherwise stated; dollars in millions):
1Q 2026 ActualCurrentPreviousSame property NOI growth+1.7%
+2.8% to +3.5%+2.5% to +3.5%Credit loss as a % of total pro-rata rental revenues(52bps)(65bps) to (90bps)(75bps) to (100bps)Lease termination income$4
Unchanged$7 to $15Non-cash GAAP revenues(1)$21
Unchanged$45 to $50Consolidated G&A expense, net$37
Unchanged$128 to $132Consolidated interest expense and preferred stock dividends$91
$369 to $376$370 to $377Consolidated mortgage and other financing income, net$12
Unchanged$45 to $55Redevelopment capex(2)$32
Unchanged$100 to $150Leasing and maintenance capex(3)$39
Unchanged$275 to $300Property acquisitions, net of dispositionsAcquisitions, weighted average cap rate
Dispositions, weighted average cap rate
($47)N/A
($47); 5.6%
UnchangedNet neutral; transaction volume of $300 to $5006.0% to 7.0%
5.0% to 6.0%
Structured investments, net of repaymentsWeighted average yield
$3810.0%
Unchanged$75 to $1258.0% to 10.0%
(1) Includes deferred rents, above and below market rents, and straight-line reimbursement income, and excludes debt mark to market amortization.
(2) Includes costs associated with a mixed-use development project, The Chester at Westlake Shopping Center.
(3) Includes tenant improvements and allowances, capitalized external leasing commissions and capitalized building improvements.
Conference Call Information
When: 8:30 AM ET, April 30, 2026
Live Webcast: 1Q26 Kimco Realty Earnings Conference Call or on Kimco Realty’s website investors.kimcorealty.com
Audio from the conference will be available on Kimco Realty’s investor relations website until August 1, 2026.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of March 31, 2026, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty), and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “commit,” “anticipate,” “estimate,” “project,” “will,” “target,” “plan,” “forecast” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company’s control and could materially affect actual results, performance or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) financial disruption, changes in trade policies and tariffs, geopolitical challenges or economic downturn, including general adverse economic and local real estate conditions, (ii) the impact of competition, including the availability of acquisition or development opportunities and the costs associated with purchasing and maintaining assets, (iii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iv) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (v) the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience, (vi) the availability of suitable acquisition, disposition, development, redevelopment and merger opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing in accordance with our expectations, (vii) the Company’s ability to raise capital by selling its assets, (viii) disruptions and increases in operating costs due to inflation and supply chain disruptions, (ix) risks associated with the development of mixed-use commercial properties, including risks associated with the development, and ownership of non-retail real estate, (x) changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management’s ability to estimate the impact of such changes, (xi) valuation and risks related to the Company’s joint venture and preferred equity investments and other investments, (xii) collectability of mortgage and other financing receivables, (xiii) impairment charges, (xiv) criminal cybersecurity attack disruptions, data loss or other security incidents and breaches, (xv) risks related to artificial intelligence, (xvi) impact of natural disasters and weather and climate-related events, (xvii) pandemics or other health crises, (xviii) our ability to attract, retain and motivate key personnel, (xix) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xx) the level and volatility of interest rates and management’s ability to estimate the impact thereof, (xxi) changes in the dividend policy for the Company’s common and preferred stock and the Company’s ability to pay dividends at current levels, (xxii) unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or maintain certain debt until maturity, (xxiii) the Company’s ability to continue to maintain its status as a REIT for U.S. federal income tax purposes and potential risks and uncertainties in connection with its UPREIT structure, and (xxiv) other risks and uncertainties identified under Item 1A, “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K and in the Company’s other filings with the Securities and Exchange Commission (“SEC”). Accordingly, there is no assurance that the Company’s expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes or related subjects in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K that the Company files with the SEC. Certain forward-looking and other statements in this press release, or other locations, such as our corporate website, contain various corporate responsibility standards and frameworks (including standards for the measurement of underlying data) and the interests of various stakeholders. As such, such information may not be, and should not be interpreted as necessarily being, “material” under the federal securities laws for SEC reporting purposes, even if we use the word “material” or “materiality” in this document. Corporate Responsibility information is also often reliant on third-party information or methodologies that are subject to evolving expectations and best practices, and our approach to and discussion of these matters may continue to evolve as well. For example, our disclosures may change due to revisions in framework requirements, availability of information, changes in our business or applicable governmental policies, or other factors, some of which may be beyond our control.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343 [email protected]
Condensed Consolidated Balance Sheets(in thousands, except share data)(unaudited) March 31, 2026 December 31, 2025Assets: Real estate, net of accumulated depreciation and amortization of $4,921,263 and $4,849,564, respectively$16,656,682 $16,769,292 Investments in and advances to real estate joint ventures 1,446,006 1,454,051 Other investments 99,682 99,936 Cash, cash equivalents and restricted cash 169,603 212,794 Mortgage and other financing receivables, net 420,448 383,935 Accounts and other receivables, net 370,076 368,964 Operating lease right-of-use assets, net 127,632 127,596 Other assets 295,317 271,682 Total assets$19,585,446 $19,688,250 Liabilities: Notes payable, net$7,719,536 $7,718,730 Mortgages payable, net 465,433 467,203 Accounts payable and accrued expenses 254,314 291,537 Intangible liabilities, net 318,549 334,527 Operating lease liabilities 120,339 120,078 Other liabilities 161,673 188,297 Total liabilities 9,039,844 9,120,372 Redeemable noncontrolling interests - 24,506 Stockholders' Equity: Preferred stock, $1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 20,748 shares; Aggregate liquidation preference $553,196 21 21 Common stock, $.01 par value, authorized 1,500,000,000 shares; Issued and outstanding 674,402,680 and 674,093,047 shares, respectively 6,744 6,741 Paid-in capital 10,931,040 10,922,596 Cumulative distributions in excess of net income (546,714) (528,730)Accumulated other comprehensive loss (2,185) (8,792)Total stockholders' equity 10,388,906 10,391,836 Noncontrolling interests 156,696 151,536 Total equity 10,545,602 10,543,372 Total liabilities and equity$19,585,446 $19,688,250 Condensed Consolidated Statements of Income(in thousands, except per share data)(unaudited) Three Months Ended March 31, 2026 2025 Revenues Revenues from rental properties, net$552,812 $531,286 Management and other fee income 5,204 5,338 Total revenues 558,016 536,624 Operating expenses Rent (4,147) (4,184)Real estate taxes (72,842) (69,911)Operating and maintenance (95,229) (89,553)General and administrative (37,187) (34,392)Impairment charges (50) (534)Depreciation and amortization (156,496) (158,453)Total operating expenses (365,951) (357,027) Gain on sale of properties 15,707 887 Operating income 207,772 180,484 Other income/(expense) Other (expense)/income, net (1,619) 207 Mortgage and other financing income, net 12,475 11,269 Interest expense (83,125) (80,377)Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 135,503 111,583 Benefit/(provision) for income taxes, net 239 (464)Equity in income of joint ventures, net 24,811 22,683 Equity in income of other investments, net 5,794 701 Net income 166,347 134,503 Net income attributable to noncontrolling interests (1,449) (1,686)Net income attributable to the company 164,898 132,817 Preferred dividends, net (7,536) (7,683)Net income available to the company's common shareholders$157,362 $125,134 Per common share: Net income available to the company's common shareholders: (1) Basic$0.23 $0.18 Diluted (2)$0.23 $0.18 Weighted average shares: Basic 671,826 677,074 Diluted (2) 672,771 677,299 (1) Adjusted for earnings attributable to participating securities of ($619) and ($604) for the three months ended March 31, 2026 and 2025, respectively.(2) Reflects the potential impact if certain units/preferred stock were converted to common stock at the beginning of the period. The impact of the conversion of certain units/preferred shares would have an anti-dilutive effect on net income and therefore have not been included. Adjusted for distributions on convertible units of $9 and $0 for the three months ended March 31, 2026 and 2025, respectively. Reconciliation of Net Income Available to the Company's Common Shareholders to the FFO Available to the Company's Common Shareholders (1)(in thousands, except per share data)(unaudited) Three Months Ended March 31, 2026 2025 Net income available to the company's common shareholders $157,362 $125,134 Gain on sale of properties (15,707) (887)Gain on sale of joint venture properties - (784)Depreciation and amortization - real estate related 155,488 157,232 Depreciation and amortization - real estate joint ventures 19,862 21,355 Impairment charges (including real estate joint ventures) 50 534 Profit participation from other investments, net (5,064) (216)Loss on marketable securities/derivative, net 29 325 Provision for income taxes, net (2) 7 80 Noncontrolling interests (2) (777) (877)FFO available to the company's common shareholders $311,250 $301,896 Weighted average shares outstanding for FFO calculations: Basic 671,826 677,074 Units 3,678 3,275 Convertible preferred shares 3,185 3,282 Dilutive effect of equity awards 847 178 Diluted (3) 679,536 683,809 FFO per common share - basic $0.46 $0.45 FFO per common share - diluted (3) $0.46 $0.44 (1) The company considers FFO to be an important supplemental measure of its operating performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting results. Comparison of the company's presentation of FFO to similarly titled measures for other REITs may not necessarily be meaningful due to possible differences in the application of the Nareit definition used by such REITs.(2) Related to gains, impairments, depreciation on properties and gains/(losses) on marketable securities and derivatives, where applicable.(3) Reflects the potential impact if convertible preferred shares and certain units were converted to common stock at the beginning of the period. FFO available to the company’s common shareholders would be increased by $2,259 and $2,082 for the three months ended March 31, 2026 and 2025, respectively. The effect of other certain convertible units would have an anti-dilutive effect upon the calculation of FFO available to the company’s common shareholders per share. Accordingly, the impact of such conversion has not been included in the determination of diluted FFO per share calculations. Reconciliation of Net Income Available to the Company's Common Shareholdersto Same Property NOI (1)(2)(in thousands)(unaudited) Three Months Ended March 31, 2026 2025 Net income available to the company's common shareholders$157,362 $125,134 Adjustments: Management and other fee income (5,204) (5,338)General and administrative 37,187 34,392 Impairment charges 50 534 Depreciation and amortization 156,496 158,453 Gain on sale of properties (15,707) (887)Other expense/(income), net 1,619 (207)Mortgage and other financing income, net (12,475) (11,269)Interest expense 83,125 80,377 (Benefit)/provision for income taxes, net (239) 464 Equity in income of other investments, net (5,794) (701)Net income attributable to noncontrolling interests 1,449 1,686 Preferred dividends, net 7,536 7,683 Non same property net operating income (29,392) (22,932)Non-operational expense from joint ventures, net 26,243 28,314 Same property NOI$402,256 $395,703 (1) Same property Net Operating Income (“NOI”) is a supplemental non-GAAP financial measure of real estate companies' operating performance and should not be considered an alternative to net income in accordance with GAAP or as a measure of liquidity. Same property NOI is considered by management to be an important operating performance measure frequently used by analysts and investors because it includes only the NOI of operating properties that have been owned and stabilized for the entire current and prior year reporting periods. Same property NOI assists in eliminating disparities due to the development, redevelopment, acquisition and disposition of properties during the periods presented and thus provides a more consistent performance measure for the comparison of the Company's properties. Same property NOI is calculated using rental property revenues (excluding straight-line rent adjustments, lease termination income, net, and amortization of above/below market rents), less charges for credit losses, operating and maintenance expenses, real estate taxes, and rent expenses, plus the Company's proportionate share of same property NOI from unconsolidated real estate joint ventures, calculated on the same basis. The Company's method of calculating same property NOI, which may differ from methods used by other REITs and may not be comparable to them, discloses with and without the impact from redevelopment projects.(2) Amounts represent the company's pro-rata share. Reconciliation of the Projected Range of Net Income Available to the Company's Common Shareholdersto Funds From Operations Available to the Company's Common Shareholders(unaudited, all amounts shown are per diluted share) Projected Range Full Year 2026 Low HighNet income available to the company's common shareholders$0.83 $0.87 Gain on sale of properties (0.03) (0.06) Gain on sale of joint venture properties - (0.02) Depreciation & amortization - real estate related 0.91 0.94 Depreciation & amortization - real estate joint ventures 0.11 0.12 Profit participation from other investments, net (0.01) (0.01) FFO available to the company's common shareholders$1.81 $1.84 Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults, occupancy rates, international tariffs, selling prices of properties held for disposition, expenses (including salaries and employee costs), insurance costs and numerous other factors. Not all of these factors are determinable at this time and actual results may vary from the projected results, and may be above or below the range indicated. The above range represents management’s estimate of results based upon these assumptions as of the date of this press release.
GAAP diluted EPS was $0.23. The estimated EPS was $0.20.Total revenues were $558.0 million. The estimated revenue was $542.93 million.FFO per diluted share was $0.46, up 4.5% year over year.Leased 4.4 million square feet; blended cash rent spreads on comparable leases were +11.3%.Record 410 bps leased-to-economic occupancy spread implies $77 million of future ABR.Pro-rata leased occupancy reached 96.3%; same-property NOI grew 1.7%.Liquidity ended at approximately $2.2 billion; revolver recast to 2030 and CP program launched.Quarterly dividend declared at $0.26 per share, up 4% year over year.2026 net income guidance raised to $0.83–$0.87; FFO guidance at $1.81–$1.84.On April 30, 2026, Kimco Realty Corp KIM released its 8-K filing detailing first-quarter 2026 results. One of the oldest real estate investment trusts in the United States, Kimco Realty Corp (KIM) owns interests in 565 shopping centers throughout major markets in the U.S., representing roughly 100 million square feet. The company reported GAAP diluted EPS of $0.23 and total revenues of $558.0 million for the quarter ended March 31, 2026.
Quarterly performance and why it matters GAAP diluted EPS was $0.23, which is above the estimated EPS of $0.20. GAAP diluted EPS was $0.23, which compares to $0.18 in the prior-year period.
Total revenues were $558.0 million, which is above the estimated revenue of $542.93 million. Total revenues were $558.0 million, which compares to $536.6 million in the prior-year period.
FFO, a key REIT cash flow metric, was $311.3 million, or $0.46 per diluted share, up from $0.44 per diluted share last year. For retail REITs, FFO growth supports sustainable dividends and reinvestment capacity, and it often better reflects core property cash generation than GAAP EPS.
“Our solid first quarter results, highlighted by strong leasing activity, rent commencements, and tenant credit profiles, continue to validate our strategy and underscore the power of the Kimco platform, the quality of our portfolio, the resilient demand for our product and the ability to generate durable cash flow,” “With a significant signed-not-opened pipeline set to come online over the coming quarters, we have a clear line of sight to meaningful organic growth. Combining our strong balance sheet with a disciplined approach to capital allocation, we remain confident that we will meet our external growth targets and deliver sustained long-term value for our shareholders.”Leasing momentum and operating fundamentals Kimco Realty Corp KIM signed 4.4 million square feet across 576 leases in the quarter. Blended pro-rata cash rent spreads on comparable spaces were +11.3%. New lease spreads were +23.8%. Renewal spreads were +12.0%, and options were +7.9%.
Pro-rata leased occupancy increased 50 bps year over year to 96.3%. Pro-rata anchor occupancy reached 97.9%, up 50 bps year over year, while small-shop occupancy rose 80 bps to 92.5%. Same-property NOI grew 1.7% year over year, supported by a 2.2% increase in minimum rents. Credit loss was 52 bps of total pro-rata rental revenues.
The company reported a record 410 bps leased-to-economic occupancy spread, representing $77 million in future ABR, a 28% year-over-year increase. For open-air retail REITs, this spread indicates signed-not-opened leases that should convert into revenue, providing visibility into near-term organic growth.
Income statement, balance sheet, and capital activity Revenue expansion was driven by higher minimum rents and reimbursement income. Operating and maintenance expenses increased by $5.7 million, largely from higher snow removal and landscaping, and real estate tax expense rose by $2.9 million. Lease termination income declined by $2.5 million year over year. Interest expense was $83.1 million versus $80.4 million last year.
On the balance sheet, total assets were $19.59 billion and total liabilities were $9.04 billion at quarter end. Notes payable were $7.72 billion and mortgages payable were $0.47 billion. Total equity stood at $10.55 billion. Immediate liquidity was approximately $2.2 billion, including full availability on the $2.0 billion unsecured revolving credit facility and about $170 million of cash, cash equivalents, and restricted cash.
Capital markets actions included recasting the $2.0 billion unsecured revolver, now priced at Term SOFR + 63.5 bps with maturity in 2030 (plus two six-month extensions). The company also launched a $750 million commercial paper program to enhance short-term financing flexibility. Kimco Realty Corp KIM repurchased 23,103 shares at a weighted average price of $19.99. Under its Structured Investment Program, it invested $76.4 million of new capital, partially offset by $38.5 million in mezzanine loan repayments, and realized gains on select ground-lease dispositions.
Metric Q1 2026 Q1 2025 Total revenues $558.0M $536.6M GAAP diluted EPS $0.23 $0.18 FFO (diluted) $311.3M $301.9M FFO per diluted share $0.46 $0.44 Same-property NOI growth +1.7% — Pro-rata leased occupancy 96.3% 95.8% Blended cash rent spreads (comparable) +11.3% — Credit loss (% of rental revenues) 52 bps — Notes payable $7.72B $7.72B Mortgages payable $0.47B $0.47B Immediate liquidity ~$2.2B —Dividends, transactions, and outlook update The board declared a quarterly common dividend of $0.26 per share (payable June 18, 2026, to shareholders of record on June 5, 2026), a 4.0% year-over-year increase. Preferred dividends for Class L, M, and N were also declared.
Transactional activity included the sale of two ground-leased parcels for $47.1 million, with proceeds applied as part of a reverse 1031 exchange toward a prior acquisition. The company completed a $106 million preferred equity mixed-use development at Coulter Place, a 131-unit multifamily project adjacent to Suburban Square in Ardmore, Pennsylvania.
Kimco Realty Corp KIM updated its 2026 guidance. Net income per diluted share is now $0.83 to $0.87, raised from $0.80 to $0.84. FFO per diluted share is $1.81 to $1.84, compared to a prior range of $1.80 to $1.84. The same-property NOI growth outlook is now +2.8% to +3.5%, previously +2.5% to +3.5%. Credit loss assumptions improved to 65 to 90 bps from 75 to 100 bps.
Performance assessment for investors The quarter showcased solid property-level demand, evidenced by double-digit cash rent spreads and rising occupancy. For a retail REIT, this leasing velocity translated into FFO per share growth and a record leased-to-economic occupancy gap that points to upcoming rent commencements. The dividend increase underscores distributable cash flow growth.
Challenges included higher operating and maintenance expenses, increased real estate taxes, and modestly higher interest expense year over year. While credit loss remained low at 52 bps, sustained expense pressure could temper same-property NOI growth. Balance sheet flexibility improved with the revolver recast and new commercial paper program, supporting redevelopment, structured investments, and opportunistic capital deployment.
GuruFocus Valuation Check Based on GuruFocus’ proprietary metrics, Kimco Realty Corp KIM trades at a current price of $23.64 versus a GF Value estimate of $21.94. The stock appears 7.7% overvalued on this measure. For value-oriented investors, this suggests a modest premium relative to intrinsic value calculations.
The GF Score is 79/100, which is considered Above Average. A Profitability Rank of 7/10 indicates healthy operating quality for a REIT, while a Growth Rank of 5/10 points to moderate expansion prospects. Financial Strength is 4/10, reflecting a balance sheet typical of the sector but suggesting that leverage and interest costs merit ongoing attention. Predictability is 1 star, implying that historical consistency in financial performance has been limited, which can raise the bar for underwriting assumptions. The Moat Score of 5/10 suggests a moderate competitive position, supported by grocery-anchored centers in dense, first-ring suburbs.
Insider Activity shows insiders sold approximately $0.2 million in the last three months, with no reported buying. This is a small amount, but notable insider selling without offsetting purchases typically argues for some caution on near-term upside. For a deeper dive, visit the Kimco Realty Corp stock page on GuruFocus.
Explore the complete 8-K earnings release (here) from Kimco Realty Corp for further details.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Kimco Realty (KIM - Free Report) came out with quarterly funds from operations (FFO) of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +2.47%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.44 per share when it actually produced FFO of $0.44, delivering no surprise.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Kimco Realty, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $558.02 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.75%. This compares to year-ago revenues of $536.62 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Kimco Realty shares have added about 16.6% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for Kimco Realty?While Kimco Realty has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Kimco Realty was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.46 on $541.8 million in revenues for the coming quarter and $1.82 on $2.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Macerich (MAC - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This shopping center real estate investment trust is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -6.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.
Macerich's revenues are expected to be $238.67 million, down 4.2% from the year-ago quarter.
For the quarter ended March 2026, Kimco Realty (KIM - Free Report) reported revenue of $558.02 million, up 4% over the same period last year. EPS came in at $0.46, compared to $0.18 in the year-ago quarter.
The reported revenue represents a surprise of +2.75% over the Zacks Consensus Estimate of $543.08 million. With the consensus EPS estimate being $0.45, the EPS surprise was +2.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kimco Realty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Pro-rata portfolio occupancy rate: 96.3% compared to the 94.7% average estimate based on three analysts.Revenues- Management and other fee income: $5.2 million versus the five-analyst average estimate of $4.86 million. The reported number represents a year-over-year change of -2.5%.Revenues- Revenues from rental properties, net: $552.81 million compared to the $537.46 million average estimate based on four analysts. The reported number represents a change of +4.1% year over year.Net Earnings Per Share- Diluted: $0.23 versus $0.19 estimated by three analysts on average.View all Key Company Metrics for Kimco Realty here>>>
Shares of Kimco Realty have returned +5.3% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways KIM reported Q1 2026 FFO of 46 cents, beating estimates as revenues rose 4% year over year.Kimco signed 4.4M square feet across 576 leases, with blended cash rent spreads of 11.3%.KIM raised the low end of 2026 FFO guidance to $1.81-$1.84 and ended Q1 with $2.2B liquidity. Kimco Realty Corporation (KIM - Free Report) reported first-quarter 2026 funds from operations (FFO) of 46 cents per share, topping the Zacks Consensus Estimate of 45 cents by 2.22%. The metric increased 4.5% from the year-ago quarter. Total consolidated revenues of $558 million rose 4% year over year and surpassed the consensus mark of $543.1 million by 2.75%.
Results were supported by steady rent growth and continued demand for Kimco’s open-air, grocery-anchored centers, with pro-rata leased occupancy ending the quarter at 96.3%, up 50 basis points year over year.
KIM’s Revenue Mix Shows Steady MomentumNet revenues from rental properties increased to $552.8 million from $531.3 million in the year-ago quarter, reflecting improved property-level performance. Management attributed the year-over-year lift in consolidated revenues from rental properties to higher minimum rents and stronger reimbursement income.
Expense pressures were evident but manageable. Operating and maintenance costs rose to $95.2 million from $89.6 million, and real estate taxes increased to $72.8 million from $69.9 million. General and administrative expense also ticked up to $37.2 million from $34.4 million, reflecting higher costs relative to the prior-year period.
KIM's Leasing Gains Drive Rent SpreadsKimco signed 4.4 million square feet during the quarter across 576 leases, reflecting broad-based tenant demand. On comparable spaces, blended pro-rata cash rent spreads were 11.3%, with new leases up 23.8% and renewals and options rising 12% and 7.9%, respectively.
The operating backdrop also remained constructive. Pro-rata anchor occupancy was 97.9% at quarter end, up 50 basis points year over year, while pro-rata small shop occupancy improved 80 basis points year over year to 92.5%. Kimco also posted a record leased-to-economic occupancy spread of 410 basis points, representing a $77 million increase in future annual base rent.
KIM’s Portfolio ActivityThe company sold two ground-leased parcels, namely, Lowe's Home Improvement at Mission Bell Shopping Center in Tampa, FL, for $22.8 million and the Walmart and Sam's Club at Dulles Town Crossing in Sterling, VA, for $24.3 million. The proceeds were used in a reverse 1031 exchange to help fund the December 2025 acquisition of the common member interests in The Shoppes at 82nd Street.
Under Kimco’s Structured Investment Program, it invested $76.4 million in new capital, partially offset by $38.5 million in mezzanine loan repayments.
KIM Strengthens Liquidity With New Funding ToolsKimco exited the quarter with approximately $2.2 billion of immediate liquidity, including full availability on its $2.0 billion unsecured revolving credit facility and roughly $170 million of cash, cash equivalents and restricted cash on the balance sheet. The company also maintained investment-grade credit ratings (A- at S&P and Fitch, A3 at Moody’s).
During the quarter, Kimco completed a recast of the $2 billion unsecured revolving credit facility, which carries an initial maturity of March 17, 2030, with expansion capacity up to $2.75 billion through an accordion feature. Management also launched a $750 million commercial paper program to add short-term financing flexibility, complementing the REIT’s broader funding toolkit.
KIM Raises 2026 FFO ViewKimco updated its 2026 outlook, raising the low end of expected FFO per share to a range of $1.81-$1.84 from the prior $1.80-$1.84. The Zacks Consensus Estimate of $1.82 lies within the guidance.
Kimco’s full-year outlook is based on the same property NOI growth of 2.8%-3.5%, from the previous 2.5%-3.5%. Property acquisitions, net of dispositions, guidance remains unchanged within $300 million to $500 million.
KIM’s Zacks RankThe company currently carries a Zacks Rank #3 (Hold).
Upcoming Earnings ReleasesWe now look forward to the earnings releases of other retail REITs, such as Federal Realty Investment Trust (FRT - Free Report) and Simon Property Group (SPG - Free Report) , which are slated to report on May 1 and 11, respectively.
The Zacks Consensus Estimate for Federal Realty Investment Trust’s first-quarter 2026 FFO per share is pegged at $1.82, implying a 7.06% year-over-year increase. FRT currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Simon Property Group’s first-quarter 2026 FFO per share is pinned at $2.98, indicating a 1.02% rise year over year. SPG currently has a Zacks Rank #2.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Kimco Realty (KIM - Free Report) is headquartered in Jericho, and is in the Finance sector. The stock has seen a price change of 16.18% since the start of the year. Currently paying a dividend of $0.26 per share, the company has a dividend yield of 4.42%. In comparison, the REIT and Equity Trust - Retail industry's yield is 3.9%, while the S&P 500's yield is 1.42%.
Looking at dividend growth, the company's current annualized dividend of $1.04 is up 3% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for KIM for this fiscal year. The Zacks Consensus Estimate for 2026 is $1.82 per share, with earnings expected to increase 3.41% from the year ago period.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
The Suit Alleges Concealed Demolition Plans and Wrongful Evictions to Construct a Target
, /PRNewswire/ -- Drip Coffee, an emerging coffee brand, filed suit in the Circuit Court of the Seventeenth Judicial Circuit in Broward County, Florida, accusing Kimco Realty Corporation (NYSE: KIM), a New York-based developer of open-air shopping centers, of systemic fraudulent business practices in which the company enters into multi-year leases with tenants while simultaneously planning to evict those same tenants at a later date to make room for larger retailers.
Kimco CEO Conor Flynn and Drip Coffee President Taylor Schear The lawsuit claims that Drip Coffee was used as a "pawn" to provide short-term rent to Kimco and its subsidiaries while they failed to disclose that they intended to begin a massive redevelopment and demolition project affecting more than 100,000 square feet of the shopping center, including the demolition of an LA Fitness and a movie theater, to accommodate a highly lucrative deal with Target. Drip Coffee alleges that Kimco committed fraud by soliciting leases they knew they could not fulfill.
"Kimco business practices have the company enter into agreements the company has no intention of keeping." said Taylor Schear, Drip Coffee, President. "Kimco has abandoned the safety of their tenants and patrons in favor of profits. Their practices are driven by greed despite the businesses and jobs destroyed, and the loss of the revenue and investments for the businesses that enter into contracts with Kimco in good faith."
Drip's lawsuit was filed after attempts to resolve the matter with Kimco failed.
About Drip Coffee
Drip Coffee is an emerging coffee brand created to invigorate the industry with fun, flavorful drinks, including the Honey Bear Latte, Sticky Situation and Burnt Ritual.
Kimco Realty (KIM) offers a robust, investment-grade REIT platform with 565 properties and strong grocery-anchored tenant mix. KIM.PR.L and KIM.PR.M preferred shares yield 6.6%, trade ~20% below par, and offer superior risk/return versus common stock. Preferreds benefit from cumulative dividends, 40x FFO coverage, and potential capital gains if interest rates normalize.
May 21, 2026 06:50 ET | Source: Kimco Realty Corporation
JERICHO, New York, May 21, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) announced today that its management will present at the Bernstein Strategic Decisions Conference 2026 on Wednesday, May 27, 2026.
Event: Kimco Realty® Management Presentation
When: Wednesday, May 27, 2026, from 2:30 PM – 3:20 PM, ET
Live Webcast: Kimco Realty Management to Present at Bernstein Conference
Audio from the webcast will be available on Kimco Realty’s investor relations website until August 25, 2026.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of March 31, 2026, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space. For further information, please visit www.kimcorealty.com.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343 [email protected]
May 28, 2026 16:10 ET | Source: Kimco Realty Corporation
JERICHO, N.Y., May 28, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) announced today that members of its management team will present at the Nareit REITweek Investor Conference on Wednesday, June 3, 2026. The webcast information is as follows:
When: Wednesday, June 3, 2026 from 2:00 PM – 2:30 PM, ET
Live Webcast: Kimco Realty Presentation Link, or enter https://vimeo.com/event/5873106/ into your browser.
Audio from the conference will be available on Kimco Realty’s investor relations website until August 2, 2026.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of March 31, 2026, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space. For further information, please visit www.kimcorealty.com.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty), and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343 [email protected]
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in Jericho, Kimco Realty (KIM - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 19.24%. The real estate investment trust is currently shelling out a dividend of $0.26 per share, with a dividend yield of 4.3%. This compares to the REIT and Equity Trust - Retail industry's yield of 3.82% and the S&P 500's yield of 1.44%.
Looking at dividend growth, the company's current annualized dividend of $1.04 is up 3% from last year. Over the last 5 years, Kimco Realty has increased its dividend 5 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Kimco Realty's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, KIM expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $1.83 per share, which represents a year-over-year growth rate of 3.98%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, KIM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
June 10, 2026 08:54 ET | Source: Kimco Realty Corporation
JERICHO, N.Y., June 10, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) today announced that its operating subsidiary, Kimco Realty OP, LLC (“Kimco OP”), intends to offer, subject to market and other conditions, $500,000,000 aggregate principal amount of exchangeable senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Kimco Realty Corporation (“Kimco”) will fully and unconditionally guarantee the notes on a senior, unsecured basis. Kimco OP also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of notes.
The notes will be senior, unsecured obligations of Kimco OP, will accrue interest payable semi-annually in arrears and will mature on June 15, 2031, unless earlier repurchased, redeemed or exchanged. Noteholders will have the right to exchange their notes in certain circumstances and during specified periods. Kimco OP will settle exchanges in cash and, if applicable, shares of Kimco’s common stock.
The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Kimco OP’s option at any time, and from time to time, on or after June 20, 2029 and on or before the 25th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Kimco’s common stock exceeds 130% of the exchange price for a specified period of time and certain other conditions are satisfied. In addition, the notes will be redeemable, in whole or in part (subject to certain limitations), at Kimco OP’s option at any time to the extent necessary to preserve Kimco’s status as a real estate investment trust for U.S. federal income tax purposes, so long as certain conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.
If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require Kimco OP to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.
The notes will be entitled to the benefits of a registration rights agreement pursuant to which Kimco will agree to register, under the Securities Act, the resale of the shares of Kimco’s common stock, if any, issuable upon exchange of the notes within specified time periods and subject to certain limitations.
The interest rate, initial exchange rate and other terms of the notes will be determined at the pricing of the offering.
Kimco OP intends to use up to approximately $125.0 million of the net proceeds from this offering to repurchase shares of Kimco’s common stock concurrently with the pricing of this offering in privately negotiated transactions effected through one of the initial purchasers or its affiliate, as Kimco OP’s agent. Kimco OP intends to use the remainder of the net proceeds for general corporate purposes, including, but not limited to, the redemption or repayment of indebtedness and funding for suitable acquisition, investment and redevelopment opportunities.
The offer and sale of the notes, the guarantee and any shares of Kimco’s common stock issuable upon exchange of the notes have not been registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. Although Kimco OP and Kimco intend to enter into a registration rights agreement pursuant to which Kimco will agree to register, under the Securities Act, the resale of the shares of Kimco’s common stock, if any, issuable upon exchange of the notes, the registration rights agreement will contain significant limitations, and a resale registration statement may not be available at the time investors wish to resell the shares of Kimco’s common stock, if any, issuable upon exchange of their notes. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of Kimco’s common stock issuable upon exchange of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of March 31, 2026, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.
Safe Harbor Statement
This press release includes forward-looking statements, including statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering and the intended use of the proceeds. Forward-looking statements represent Kimco’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Kimco’s common stock and risks relating to Kimco’s business, including those described in periodic reports that Kimco OP files from time to time with the SEC. Kimco OP may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and neither Kimco nor Kimco OP undertakes to update the statements included in this press release for subsequent developments, except as may be required by law.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343 [email protected]
