Kimco Realty (NYSE:KIM) Posts Earnings Results, Beats Estimates By $0.01 EPS

Kimco Realty (NYSE:KIM) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01, Zacks reports. Kimco Realty had a net margin of 27.32% and a return on equity of 5.49%. The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Kimco Realty updated its FY 2026 guidance to 1.810-1.840 EPS.

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

• Kimco delivered a strong quarter with FFO of $0.46 (up 4.5% YoY), tightened FY FFO guidance to $1.81–$1.84, raised same-site NOI guidance to 2.8%–3.5%, and reported improved credit-loss assumptions and a stronger balance sheet with ~5.2x net debt/EBITDA and ~$2.2B liquidity.
• The company hit a new milestone with a record $77 million signed-but-not-open (SNO) pipeline (410 bps leased vs. economic spread), with $31M of projected 2026 commencements now tracking ahead of plan and weighted toward the back half of the year.
• Leasing momentum is broad-based—576 deals (4.4M sq ft) with 23.8% new-lease spreads and a record average new lease rent of ~$29/sq ft—supporting occupancy gains (small-shop occupancy ~92.5%) and continued mark-to-market upside.
• Management flagged known near-term headwinds—macroeconomic volatility (e.g., fuel price impact on consumers) and sizable 2026 refinancing activity concentrated in H2—and noted a few one-time Q1 items (non-cash GAAP rent recaptures and timing of equity grants) that affect comparability.

Kimco Realty Stock Down 1.1%

Shares of NYSE:KIM traded down $0.26 during trading on Friday, hitting $23.39. 5,918,362 shares of the company were exchanged, compared to its average volume of 5,583,826. The stock has a market capitalization of $15.77 billion, a P/E ratio of 28.87, a PEG ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $24.31. The firm’s 50 day moving average price is $23.17 and its 200-day moving average price is $21.68.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, June 5th. Kimco Realty’s payout ratio is currently 128.40%.

Institutional Trading of Kimco Realty

Several institutional investors have recently modified their holdings of the stock. State Street Corp lifted its position in shares of 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 last quarter. Invesco Ltd. lifted its position 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 worth $344,933,000 after buying an additional 4,399,959 shares during the last quarter. Daiwa Securities Group Inc. lifted its position 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 worth $266,463,000 after buying an additional 63,054 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of 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 buying an additional 650,614 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kimco Realty by 4.5% during 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 buying an additional 458,841 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the subject of several analyst reports. Scotiabank boosted their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. Wells Fargo & Company boosted their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. Evercore set a $25.00 price target on shares of Kimco Realty in a report on Friday. UBS Group lowered their price target on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.80.

Kimco Realty News Summary

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

• Positive Sentiment: Q1 outperformance — Kimco reported $0.46 EPS and beat revenue/FFO estimates, driven by higher rents and occupancy which supported top-line strength. Kimco beats Q1 FFO and revenue estimates
• Positive Sentiment: Strong leasing momentum — Kimco leased 4.4M sq ft with new lease spreads of ~24% and reported a record $77M of future ABR in its signed-but-not-open pipeline, a key driver for forward FFO. Kimco Realty Announces First Quarter 2026 Results
• Positive Sentiment: FFO beat and leasing commentary highlighted by analysts — Coverage notes FFO outperformance tied to strong leasing demand, rent growth and occupancy gains. Kimco Q1 FFO Beats Estimates on Strong Leasing
• Neutral Sentiment: Tightened FY2026 FFO guidance — Management narrowed full-year FFO guidance to $1.81–$1.84 (consensus ~$1.82), which signals confidence but offers limited upside vs. street expectations. Kimco tightens 2026 FFO outlook to $1.81-$1.84
• Neutral Sentiment: Dividend confirmed — Kimco declared a quarterly dividend of $0.26 per share (annualized yield ~4.4%), supporting the income profile for investors. (Dividend announcement: company release)

About Kimco Realty

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.