Kimco Realty Corp ( (KIM) ) has released its Q3 earnings. Here is a breakdown of the information Kimco Realty Corp presented to its investors.
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Kimco Realty Corp, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the United States, strategically focusing on essential, necessity-based goods and services.
In its third-quarter 2025 earnings report, Kimco Realty Corp announced a steady net income per diluted share of $0.19, alongside a 4% increase in cash dividends on common shares. The company also raised its 2025 outlook, reflecting confidence in its strategic initiatives and financial performance.
Key highlights from the report include a record high in small shop occupancy at 92.5% and a 360 basis point spread in leased-to-economic occupancy, translating to $71 million in future annual base rent. The company also completed strategic acquisitions, including the remaining interest in Tanasbourne Village, and activated a significant multi-family project in California. Furthermore, Kimco Realty achieved an ‘A-‘ credit rating from S&P Global Ratings, underscoring its financial stability.
Kimco Realty’s operating results showed a robust leasing activity with 427 leases signed, covering 2.3 million square feet, and a 1.9% growth in Same Property Net Operating Income. The company also engaged in strategic capital market activities, maintaining over $2.1 billion in immediate liquidity and no consolidated debt maturing until July 2026.
Looking ahead, Kimco Realty’s management remains optimistic, with an improved full-year outlook for net income and funds from operations per diluted share. The company’s strategic focus on grocery-anchored and mixed-use properties, coupled with its strong balance sheet, positions it well for continued growth and shareholder value creation.