Kimco Realty (NYSE:KIM) Announces Quarterly Earnings Results

Kimco Realty (NYSE:KIM) announced its earnings results on Thursday. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01, Zacks reports. The firm 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 business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. 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 midday trading on Friday, reaching $23.39. The company’s stock had a trading volume of 5,918,363 shares, compared to its average volume of 4,166,735. The company has a current ratio of 3.78, a quick ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week high of $24.31. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.32 and a beta of 0.97. The stock has a 50 day simple moving average of $23.17 and a 200-day simple moving average of $21.68.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. Kimco Realty’s dividend payout ratio (DPR) is 128.40%.

Wall Street Analyst Weigh In

Several brokerages have commented on KIM. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Mizuho set a $21.00 target price on shares of Kimco Realty in a report on Friday, January 9th. Morgan Stanley raised their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Truist Financial raised their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Finally, Robert W. Baird set a $25.00 target price on shares of Kimco Realty in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.80.

More Kimco Realty News

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

• Positive Sentiment: Q1 results beat expectations: reported EPS of $0.46 and revenue of $558.0M, topping consensus and showing 4% year-over-year revenue growth — confirms underlying portfolio resilience. Kimco Realty® Announces First Quarter 2026 Results
• Positive Sentiment: Strong leasing and rent growth: leased 4.4M sq ft, new lease spreads ~24% and a record $77M of future ABR from signed-but-not-open deals — supports FFO visibility beyond the quarter. Kimco tightens 2026 FFO outlook to $1.81-$1.84 as signed-but-not-open pipeline reaches $77M ABR
• Positive Sentiment: Dividend maintained: declared a $0.26 quarterly dividend (4.4% yield) with a June 5 ex‑dividend date — supports income-oriented investors and total‑return case.
• Neutral Sentiment: Tightened FY‑2026 FFO guidance to $1.81–$1.84 (consensus ~1.82): the range is centered on Street expectations, reducing uncertainty but offering limited upside surprise potential. Kimco tightens 2026 FFO outlook after record lease pipeline
• Neutral Sentiment: Beat driven by leasing and occupancy gains rather than one‑off items — positive for durability but means near‑term upside depends on continued leasing momentum and rent realization. Kimco Realty Corporation Q1 2026 Earnings Call Summary
• Negative Sentiment: Shares are trading lower today despite the beat — likely reflecting guidance tightening that removed surprise upside and possible profit‑taking after the recent run; valuation (PE ~28.9) and yield tradeoffs may also temper bullish conviction.

Institutional Trading of Kimco Realty

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kimco Realty by 59.0% during 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 buying an additional 41,265 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kimco Realty by 6.4% during the first 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. acquired a new position in Kimco Realty during the first quarter worth $61,000. Quantbot Technologies LP acquired a new position in Kimco Realty during the second quarter worth $331,000. Finally, EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 1,170 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.