Kimco Realty (NYSE:KIM) Issues Earnings Results

Kimco Realty (NYSE:KIM) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.20 by $0.26, Zacks reports. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.During the same quarter in the previous year, the business earned $0.44 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Kimco Realty updated its FY 2026 guidance to 1.830-1.840 EPS.

Here are the key takeaways from Kimco Realty’s conference call:

• Strong second-quarter performance: FFO per diluted share rose 4.5% year over year to $0.46, while same-property NOI increased 3.5%; credit losses also improved to 57 basis points from 89 basis points.
• Leasing demand remained robust, with 40.4% spreads on new leases, 19 consecutive quarters of double-digit new leasing spreads, record small-shop occupancy of 92.9%, and overall portfolio occupancy of 96.4%.
• Kimco raised its full-year 2026 FFO outlook floor to $1.83 per share, increased same-property NOI guidance to 3.0%-3.5%, and lifted its quarterly dividend 12% year over year to $0.28 per share.
• Management is using capital recycling to sell lower-growth assets and reinvest in higher-growth grocery-anchored centers, including two South Florida acquisitions; it expects further multifamily and ground-lease monetizations.
• The pace and earnings impact of transactions remain dependent on timing, with dispositions front-loaded in the first half and acquisitions expected to ramp later; a preferred-stock transaction is also expected to create an approximately $3.8 million third-quarter charge.

Kimco Realty Trading Down 0.5%

Shares of Kimco Realty stock traded down $0.14 during trading hours on Tuesday, hitting $25.27. The company’s stock had a trading volume of 3,675,626 shares, compared to its average volume of 5,245,578. The business has a fifty day moving average of $25.17 and a 200 day moving average of $23.60. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $26.65. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $17.04 billion, a PE ratio of 29.37, a P/E/G ratio of 2.80 and a beta of 0.95.

Key Stories Impacting Kimco Realty

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: Kimco reported second-quarter revenue of $550.8 million, up 4.9% year over year and above the $543.75 million analyst consensus. Reported EPS was $0.46, exceeding the $0.20 estimate, while FFO increased to $0.46 per share from $0.44 a year earlier. Kimco Realty Q2 key metrics
• Positive Sentiment: Leasing momentum lifted portfolio occupancy to an all-time high of 96.4%, with 461 leases covering 2.5 million square feet. The company also ended the quarter with $2.7 billion of immediate liquidity, supporting financial flexibility. Kimco Realty second-quarter results
• Positive Sentiment: Kimco raised its 2026 outlook for net income and FFO and increased its quarterly common dividend by 12% to $0.28 per share, reinforcing the stock’s income appeal. Its updated full-year EPS guidance is $1.83-$1.84, broadly consistent with consensus. Kimco Realty raises outlook and dividend

Analyst Ratings Changes

A number of equities analysts have weighed in on KIM shares. Scotiabank increased their price target 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. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Evercore set a $25.00 target price on Kimco Realty in a report on Friday, May 1st. Piper Sandler boosted their price target on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research note on Thursday, June 11th. One 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.12.

Institutional Trading of Kimco Realty

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Kimco Realty by 2.2% during the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after purchasing an additional 1,034,573 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Kimco Realty by 34.9% during the 4th 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. Daiwa Securities Group Inc. raised its holdings in shares of Kimco Realty by 0.5% during the 3rd 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. Federated Hermes Inc. lifted its position in Kimco Realty by 6.1% during the 4th quarter. Federated Hermes Inc. now owns 11,300,478 shares of the real estate investment trust’s stock worth $229,061,000 after acquiring an additional 650,614 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kimco Realty by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,634,676 shares of the real estate investment trust’s stock worth $215,565,000 after acquiring an additional 458,841 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

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.