Kimco Realty (NYSE:KIM) Issues Quarterly Earnings Results

Kimco Realty (NYSE:KIM) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01, Briefing.com reports. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The business had revenue of $542.46 million during the quarter, compared to analyst estimates of $539.21 million. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Kimco Realty updated its FY 2026 guidance to 1.800-1.840 EPS.

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

• Record 2025 operating performance — Kimco reported 6.7% NAREIT FFO/share growth, matched an all‑time high portfolio occupancy of 96.4%, leased 1.2M sq ft in Q4, and grew its signed‑not‑open pipeline to 390 bps (~$73M ABR).
• Stronger balance sheet and credit upgrade — Moody’s upgraded Kimco to A3 (A‑) in Q4; the company finished with over $2.2B of immediate liquidity and consolidated net debt/EBITDA of ~5.4x, giving management flexibility for 2026.
• Aggressive capital recycling plan with tax implications — Management intends to sell $300M–$500M (largely ground leases and non‑core land) at ~5%–6% caps and redeploy proceeds into higher‑growth assets, but noted sizable taxable gains that they hope to defer via 1031 exchanges and that could trigger a special dividend if not deferred.
• 2026 financial outlook — Initial guidance is $1.80–$1.84 FFO/share (2.3%–4.5% growth) and same‑property NOI growth of 2.5%–3.5%, with management expecting accelerating rent commencements from the SNO pipeline through the year.
• Operating efficiency and digital transformation — Kimco is flattening to a functionally aligned operating model and investing in automation and data tools, targeting roughly $3M of G&A savings at midpoint while aiming to speed leasing and execution.

Kimco Realty Trading Up 3.6%

KIM stock traded up $0.79 during trading on Thursday, hitting $22.78. The company had a trading volume of 3,542,296 shares, compared to its average volume of 5,361,625. The firm has a market capitalization of $15.42 billion, a P/E ratio of 27.42, a PEG ratio of 1.21 and a beta of 1.07. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.77. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $22.97. The company has a 50 day simple moving average of $20.63 and a 200-day simple moving average of $21.14.

Analysts Set New Price Targets

Several research firms have commented on KIM. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Sunday, December 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a research report on Thursday, January 22nd. Argus reaffirmed a “buy” rating and set a $27.00 price target on shares of Kimco Realty in a research note on Monday, December 1st. Citigroup lowered their price target on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, Barclays reissued an “overweight” rating and set a $25.00 target price on shares of Kimco Realty in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.89.

Key Stories Impacting Kimco Realty

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

• Positive Sentiment: Record occupancy and strong leasing — Management reported leasing gains that pushed portfolio occupancy to an all‑time high (around low‑to‑mid 90s%), a key sign of demand resilience for Kimco’s grocery‑anchored shopping centers. Kimco Realty tops Q4 forecasts as portfolio occupancy hits record
• Positive Sentiment: Revenue and EPS/FFO beat or matched expectations — Q4 revenue of ~$542.5M topped estimates and quarterly EPS/FFO came in roughly in line to slightly ahead of consensus (FFO/EPS ~$0.44 vs. ~$0.43 estimate), showing underlying rent and NOI strength. Kimco Realty earnings beat by $0.03, revenue topped estimates
• Positive Sentiment: Bullish 2026 outlook — Management provided initial FY‑2026 guidance well above prior consensus (guidance range ~1.80–1.84), signaling management expects meaningful earnings/FFO growth next year, which is driving the upward price reaction. Kimco’s Q4 FFO Meets Estimates, Revenues Beat, Occupancy Improves
• Positive Sentiment: Company emphasizes resilient leasing and NOI growth — Management highlighted rising NOI and resilient leasing demand as drivers of cash flow stability for the portfolio, supporting dividend coverage and long‑term REIT metrics. Kimco Realty forecasts strong annual results on resilient leasing demand
• Neutral Sentiment: FFO largely in‑line with estimates — While FFO improved year‑over‑year (from ~$0.42 to ~$0.44), it was essentially in line with consensus rather than a large surprise, so the move largely reflects guidance and occupancy strength rather than an upside FFO shock. Kimco Realty (KIM) Meets Q4 FFO Estimates
• Neutral Sentiment: Modest organic growth — Q4 revenue rose roughly mid‑single digits year‑over‑year (~3.3%), indicating steady but not explosive top‑line growth; investors are weighing occupancy/guidance more heavily. Kimco Realty® Announces Fourth Quarter and Full Year 2025 Results

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KIM. Zions Bancorporation National Association UT increased 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 valued at $29,000 after purchasing an additional 1,049 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty in the second quarter worth about $37,000. MUFG Securities EMEA plc purchased a new stake in Kimco Realty during the 2nd quarter worth approximately $42,000. Geneos Wealth Management Inc. purchased a new position in Kimco Realty in the 1st quarter worth $61,000. Finally, BOKF NA lifted its holdings in shares of Kimco Realty by 526.0% during the third quarter. BOKF NA now owns 4,407 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 3,703 shares during the period. Institutional investors own 89.25% of the company’s stock.

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.