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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.

Posted by Defense World Staff on Jul 22nd, 2026

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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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.

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KIM benefits from strong leasing, high occupancy and redevelopment, but faces e-commerce, competition and debt headwinds.

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).

– 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

Dial #: 1-833-461-5787 (International: +1 585-542-9983). Meeting ID: 896868660

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.

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.

Kimco Realty Corporation (KIM) Q1 2026 Earnings Call Transcript

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).

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 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]

Kimco Realty Corporation (KIM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

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]