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Kimco Realty (KIM)
NYSE:KIM
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 3.15%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong leasing performance, high occupancy rates, and strategic acquisitions, leading to raised full-year guidance. While there were challenges due to retailer bankruptcies and macroeconomic fluctuations, the company's strong financial position and successful backfilling of vacancies suggest resilience and growth potential.Company Guidance
During Kimco Realty's first quarter 2025 earnings call, the company demonstrated strong performance metrics and updated its full-year guidance. The company signed 583 leases totaling 4.4 million square feet, achieving blended pro-rata cash rent spreads of 13.3%, with new lease spreads reaching 48.7%. Occupancy was healthy at 95.8% pro-rata, and small shops saw a year-over-year increase of 20 basis points to 91.7%. Same property NOI grew by 3.9%, driven by robust leasing activity, rent growth, and disciplined cost management. Kimco's tenant credit loss remained low at 56 basis points, despite some tenant bankruptcies. The company also announced the off-market acquisition of a premier grocery-anchored asset for $108 million and repurchased 3 million shares at an average price of $19.61, reflecting a 24% discount to consensus NAV. With a strong balance sheet and $2 billion in liquidity, Kimco raised its full-year guidance for net income and FFO per diluted share, indicating confidence in its long-term prospects.Strong Leasing Performance
Signed 583 leases totaling 4.4 million square feet with a blended pro-rata cash rent spread of 13.3% and new lease spreads of 48.7%, the highest in over seven years.
High Occupancy Rates
Occupancy remains healthy at 95.8% pro-rata with small shops climbing 20 basis points year-over-year to 91.7%.
Same Property NOI Growth
Same property NOI grew 3.9%, driven by healthy leasing activity, rent growth, and disciplined cost management.
Positive Tenant Credit Loss
Tenant credit loss remained favorable at just 56 basis points, reflecting portfolio diversity and stability.
Successful Backfilling of Vacancies
Resolved half of the Party City leases with a blended rent spread of approximately 35% and have LOIs for nearly all remaining spaces.
Acquisition of High-Quality Assets
Completed the strategic $108 million acquisition of The Markets at Town Center in Jacksonville.
Strong Financial Position
Rock solid balance sheet with $2 billion in liquidity and repaid approximately $550 million of debt during the quarter.
Raised Full-Year Guidance
Raised full-year guidance for both net income and FFO per diluted share, reflecting strong first quarter results and future cash flow visibility.
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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
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KIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 01, 2025 | $19.98 | $20.95 | +4.85% |
| Feb 07, 2025 | $22.15 | $22.13 | -0.09% |
| Oct 31, 2024 | $23.50 | $23.21 | -1.23% |
| Aug 01, 2024 | $21.05 | $21.32 | +1.28% |
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.
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FAQ
When does Kimco Realty (KIM) report earnings?
Kimco Realty (KIM) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Kimco Realty (KIM) earnings time?
Kimco Realty (KIM) earnings time is at Jul 24, 2025, TBA Not 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 2025 (Q2) is 0.17.
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