Kimco Realty Corp ( (KIM) ) has released its Q2 earnings. Here is a breakdown of the information Kimco Realty Corp presented to its investors.
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Kimco Realty Corp, a leading real estate investment trust (REIT), specializes in owning and operating high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the United States. The company is recognized for its strategic focus on essential, necessity-based goods and services that drive frequent shopping trips.
In its second quarter of 2025 earnings report, Kimco Realty Corp announced a significant increase in net income and funds from operations (FFO), alongside a record high in small shop occupancy. The company’s strong performance has led to an upward revision of its 2025 financial outlook.
Key highlights from the report include a 7.3% growth in FFO per diluted share, reaching $0.44, and a 3.1% increase in Same Property Net Operating Income (NOI). The company also achieved a record small shop occupancy of 92.2% and reported a 15.2% increase in blended pro-rata cash rent spreads on comparable leases. Additionally, Kimco Realty expanded its annual base rent contribution from grocery-anchored shopping centers to 86%.
The company completed the sale of a Home Depot-anchored property for $49.5 million and plans to reinvest the proceeds into a grocery-anchored shopping center. Kimco Realty also issued $500 million in senior unsecured notes and repurchased 3 million shares of common stock, ending the quarter with over $2.2 billion in liquidity.
Looking forward, Kimco Realty Corp has raised its 2025 outlook for net income and FFO per diluted share, reflecting confidence in its strategic positioning and the continued demand for its high-quality portfolio. The company anticipates delivering FFO per share growth in excess of 5% for the second consecutive year.