Record-High Signed Not Open Pipeline
The signed not open (SNO) pipeline has reached a record high of 360 basis points, totaling $71 million, indicating strong future rent growth potential.
Increased Full-Year FFO Guidance
Full year FFO guidance has been raised to $1.75 to $1.76 per diluted share, reflecting over 6% growth compared to 2024.
Strong Leasing Activity
Kimco completed 427 leases totaling 2.3 million square feet, with a blended leasing spread of 11% for the third quarter.
High Small Shop Occupancy
Small shop occupancy reached a new all-time high of 92.5%, up 70 basis points year-over-year.
Dividend Increase
The Board approved a 4% increase in the quarterly common stock cash dividend to $0.26 per share.