Kimco Realty (NYSE:KIM) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Kimco Realty beat EPS estimates with quarterly FFO of $0.47 per share versus the $0.46 consensus, while revenue rose 3.9% year over year to $546.15 million but slightly missed expectations.
• Operating performance strengthened: same-property NOI growth accelerated to 4.9%, occupancy reached a record 96.6%, and new lease spreads remained strong at 31.5%.
• Management raised its full-year outlook for FFO and same-property NOI growth, while the company repurchased $150 million of shares and maintained its $0.28 quarterly dividend, equivalent to a 4.6% yield.

Kimco Realty (NYSE:KIM - Get Free Report) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. The business had revenue of $546.15 million for the quarter, compared to the consensus estimate of $549.06 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%. The business's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share.

Here are the key takeaways from Kimco Realty's conference call:

• Kimco raised its full-year outlook, increasing FFO guidance to $1.84–$1.86 per diluted share and same-property NOI growth guidance to 3.5%–3.8%, while lowering its credit-loss assumption to 50–60 basis points.
• Operating momentum strengthened, with same-property NOI growth accelerating to 4.9%, portfolio occupancy reaching a record 96.6%, and small-shop occupancy holding at a record 92.9%. New lease spreads remained strong at 31.5%, marking the 20th consecutive quarter of double-digit growth.
• Management said the One Kimco platform is improving execution and efficiency, including faster rent commencements, better recoveries, lower G&A relative to revenue, and more than 5,000 hours of annual automation savings. Approximately $76 million of signed but not yet commenced annual rent remains embedded in the pipeline.
• Kimco continued recycling capital from lower-growth assets into grocery-anchored centers with higher yields and stronger growth prospects, raising expected 2026 transaction volume to $400 million–$500 million. The company also repurchased $150 million of common shares and reported strong liquidity, leverage, and limited 2027 debt maturities.
• Executives acknowledged macroeconomic and interest-rate volatility but said demand for high-quality grocery-anchored retail remains strong, with limited new supply and substantial institutional capital competing for available properties. Management expects to provide its full 2027 outlook with fourth-quarter results.

Kimco Realty Price Performance

Shares of KIM traded up $0.98 during mid-day trading on Thursday, hitting $24.38. 6,961,831 shares of the stock were exchanged, compared to its average volume of 5,150,234. The company has a market cap of $16.35 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 2.67 and a beta of 0.94. Kimco Realty has a 52-week low of $19.76 and a 52-week high of $26.65. The firm has a 50-day moving average of $23.05 and a two-hundred day moving average of $23.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, December 4th. Kimco Realty's dividend payout ratio is 131.76%.

Trending Headlines about Kimco Realty

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: FFO beat estimates and rose year over year. Third-quarter funds from operations increased 6.8% to $0.47 per share, exceeding the $0.46 analyst consensus and last year’s $0.44. Net income rose to $272.5 million, or $0.41 per diluted share, from $130.2 million, or $0.19, a year earlier. KIM Q3 FFO Beats on Strong Leasing, Revenues Miss, 2026 Outlook Raised
• Positive Sentiment: Operating fundamentals strengthened. Portfolio occupancy reached a record 96.6%, same-property net operating income increased 4.9%, and stronger leasing activity helped drive the improved results. Kimco Realty Announces Third Quarter 2026 Results
• Positive Sentiment: Kimco raised its 2026 outlook. Management increased its full-year net-income forecast to $1.07-$1.09 per diluted share, reflecting confidence in leasing and property-level performance. The company also ended the quarter with approximately $2.5 billion of immediate liquidity and repurchased 6.3 million shares for $150 million. Kimco Reports Third-Quarter Net Income
• Positive Sentiment: The quarterly dividend was maintained. Kimco declared a $0.28-per-share dividend payable December 18 to shareholders of record December 4, representing $1.12 annualized. Kimco Realty Earnings Report
• Neutral Sentiment: Revenue modestly missed expectations. Quarterly revenue rose 3.9% to $546.1 million but fell short of the $549.1 million consensus estimate, partially tempering the otherwise favorable earnings report.
• Neutral Sentiment: Evercore ISI raised its price target to $25 from $24, indicating modest additional upside based on the improved outlook. Evercore ISI Adjusts Kimco Realty Price Target

Analysts Set New Price Targets

Several analysts recently issued reports on KIM shares. The Goldman Sachs Group set a $24.00 target price on Kimco Realty in a research note on Wednesday, October 7th. JPMorgan Chase & Co. upped their price target on Kimco Realty from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Morgan Stanley upped their price target on Kimco Realty from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 29th. Weiss Ratings lowered shares of Kimco Realty from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Finally, UBS Group reduced their price objective on shares of Kimco Realty from $29.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Kimco Realty has a consensus rating of "Moderate Buy" and a consensus target price of $25.71.

About Kimco Realty

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company's portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.

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