Kimco Realty (KIM)
NYSE:KIM
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: Q1 delivered organic FFO growth, record signed-but-not-open pipeline, strong leasing spreads and elevated new lease rents, improving occupancy, low credit losses, and a strengthened balance sheet with ample liquidity. Challenges cited were largely manageable or timing-related, including refinancing headwinds in H2, a public valuation discount versus private-market pricing, a measured transaction cadence, and macro/fuel-price uncertainty. Given the magnitude and materiality of the operational wins and tightened guidance versus the relatively contained lowlights, the tone of the call is optimistic with clear visibility into 2026 earnings ramp driven by the SNO pipeline and leasing momentum.Company Guidance
FFO Growth and Q1 Result
FFO of $0.46 per diluted share in Q1, a 4.5% increase year-over-year, driven by higher minimum rents and favorable credit trends.
Record Signed-but-Not-Open (SNO) Pipeline
SNO pipeline reached a record $77 million of annual base rent (410 basis points leased vs. economic occupancy spread). Projected 2026 commencements increased to $31 million (up $2.5 million from budget), with ~$13 million already commenced in Q1 and >$18 million expected Q2–Q4.
Robust Leasing Activity and Pricing Power
Closed 576 deals totaling 4.4 million sq. ft.; new lease spreads of 23.8% and combined spreads of 11.3%. Average new lease rents of about $29/sq.ft., the highest on record, extending 15 consecutive years of positive leasing spreads.
High Occupancy and Tenant Resilience
Pro rata occupancy at 96.3% (+50 bps year-over-year, down 10 bps sequential). Small-shop occupancy rose to 92.5% (+80 bps YoY). Center traffic increased >2% YoY and first-quarter credit loss was low at ~52 bps.
Balance Sheet Strength and Liquidity
Consolidated net debt-to-EBITDA at 5.2x (5.5x look-through) — best levels since tracking began. Liquidity approximately $2.2 billion (including $170 million cash) with full availability on a $2 billion unsecured revolver; modest interest cost reductions from refinancing actions.
Tighter/Improved Guidance
Full-year 2026 FFO guidance tightened to $1.81–$1.84 per diluted share. Same-site NOI outlook raised to 2.8%–3.5%. Credit loss assumption tightened to 65–90 bps (from 75–100 bps).
Operational Execution and Speed Improvements
Organizational changes and earlier contractor engagement are accelerating commencements and reducing cycle times; Q1 tracking ahead of plan on velocity metrics and rent commencements.
Disciplined Capital Recycling and Proprietary Deal Flow
Completed sale of two low-growth ground leases at mid-5% blended cap rates; active structured investment program slightly ahead of plan with proprietary ROFO/ROFR deal flow and a multi-hundred-million pipeline of dispositions and reinvestments.
Redevelopment and Mixed-Use Optionality
Approximately 15 grocery-anchored redevelopment projects active; ~3,700 multifamily units entitled as near-term activation opportunities. Capital-light pref/JV structures produce higher invested-capital yields (example: Coulter gross yields in mid-5s, invested capital yields in the 8s).
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 |
|---|---|---|---|
Apr 30, 2026 | $23.64 | $23.64 | 0.00% |
Feb 12, 2026 | $21.75 | $22.07 | +1.50% |
Oct 30, 2025 | $20.89 | $20.49 | -1.92% |
Jul 31, 2025 | $21.15 | $20.50 | -3.06% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Kimco Realty (KIM) earnings time?
Kimco Realty (KIM) earnings time is at Jul 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 (Q2) is 0.19.