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Kimco Realty (KIM)
NYSE:KIM
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: strong 2025 results with healthy FFO growth (6.7%), robust leasing momentum, record occupancy metrics, a large SNO pipeline, solid liquidity, and an A-level credit profile. Management outlined a clear capital recycling strategy, meaningful disposition and acquisition targets, and digital/organizational initiatives to drive further efficiency and growth. Near-term headwinds include a public-private valuation gap that could create taxable gains on dispositions (potentially triggering a special dividend if 1031 exchanges are not available), a more competitive transaction market, refinancing and maturity timing in 2026, and a modest deceleration in FFO growth guidance for 2026 versus 2025. On balance, the strengths and execution momentum materially outweigh the risks called out, though execution on dispositions, tax mitigation, and transformation initiatives will be important to fully realize the opportunity.Company Guidance
Strong FFO Growth
Full-year FFO of approximately $1,200,000,000 or $1.76 per diluted share, representing a 6.7% per-share increase versus 2024; Q4 FFO of $294,300,000 or $0.44 per diluted share, up 4.8% year-over-year.
Same-Site and Pro Rata NOI Expansion
Same-property NOI growth of 3% for both the quarter and the full year; pro rata NOI increased 4.9% year-over-year, supporting the company’s earnings momentum.
Record Leasing and Occupancy Metrics
Overall portfolio occupancy matched an all-time high at 96.4%; small shop occupancy reached a new all-time high of 92.7%; highest quarterly new leasing volume in more than a decade with 1,200,000 square feet leased; anchor occupancy improved by 90 basis points sequentially.
Large, Growing Signed-Not-Open (SNO) Pipeline
SNO pipeline at a record 390 basis points representing $73,000,000 of future annual base rent, up $17,000,000 or 30% versus prior year; $31,000,000 in rent commencements recognized during 2025, 15% ahead of initial budget.
Balance Sheet Strength and Liquidity
Over $2,200,000,000 of immediate liquidity including $213,000,000 of cash and full availability on the $2,000,000,000 unsecured revolver; consolidated net debt to EBITDA of 5.4x (look-through 5.7x); Moody’s unsecured debt rating A3 and A- level ratings across agencies.
Disciplined Capital Allocation and Cash Generation
Generated over $165,000,000 of free cash flow after dividends and leasing costs in 2025; repurchased 6,100,000 common shares in 2025 at an average price of $19.79 (3,100,000 repurchased in Q4 at $19.96); disposition pipeline identified at $300,000,000 to $500,000,000 to recycle into higher-return opportunities.
2026 Financial Outlook and Moderate Growth Guidance
Initial 2026 FFO per share guidance of $1.80 to $1.84, implying 2.3% to 4.5% growth over 2025; same-property NOI growth guidance of 2.5% to 3.5% with visibility to future rent commencements from the SNO pipeline.
Platform Execution and Operational Improvements
Flattening/realignment to a national operating model, Office of Innovation and Transformation initiatives (automation, data visualization, internal natural language chatbot) and a plan to remove approximately $3,000,000 of G&A at the midpoint while investing in execution.
KIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $21.99 | $22.32 | +1.50% |
Oct 30, 2025 | $21.13 | $20.72 | -1.92% |
Jul 31, 2025 | $21.38 | $20.73 | -3.06% |
May 01, 2025 | $19.27 | $20.21 | +4.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kimco Realty (KIM) report earnings?
Kimco Realty (KIM) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Kimco Realty (KIM) earnings time?
Kimco Realty (KIM) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KIM EPS forecast?
KIM EPS forecast for the fiscal quarter 2026 (Q1) is 0.2.