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

Kimco Realty (NYSE:KIM) posted its earnings results on Thursday. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01, Zacks reports. The business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. Kimco Realty updated its FY 2026 guidance to 1.810-1.840 EPS.

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

• Kimco delivered a strong quarter with FFO of $0.46 (up 4.5% YoY), tightened FY FFO guidance to $1.81–$1.84, raised same-site NOI guidance to 2.8%–3.5%, and reported improved credit-loss assumptions and a stronger balance sheet with ~5.2x net debt/EBITDA and ~$2.2B liquidity.
• The company hit a new milestone with a record $77 million signed-but-not-open (SNO) pipeline (410 bps leased vs. economic spread), with $31M of projected 2026 commencements now tracking ahead of plan and weighted toward the back half of the year.
• Leasing momentum is broad-based—576 deals (4.4M sq ft) with 23.8% new-lease spreads and a record average new lease rent of ~$29/sq ft—supporting occupancy gains (small-shop occupancy ~92.5%) and continued mark-to-market upside.
• Management flagged known near-term headwinds—macroeconomic volatility (e.g., fuel price impact on consumers) and sizable 2026 refinancing activity concentrated in H2—and noted a few one-time Q1 items (non-cash GAAP rent recaptures and timing of equity grants) that affect comparability.

Kimco Realty Stock Performance

NYSE KIM traded down $0.26 on Friday, reaching $23.39. The stock had a trading volume of 5,918,363 shares, compared to its average volume of 4,166,735. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.31. The firm has a fifty day moving average of $23.17 and a two-hundred day moving average of $21.68. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $24.31. The company has a market cap of $15.77 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 128.40%.

Kimco Realty News Summary

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

• Positive Sentiment: Q1 results beat expectations: reported EPS of $0.46 and revenue of $558.0M, topping consensus and showing 4% year-over-year revenue growth — confirms underlying portfolio resilience. Kimco Realty® Announces First Quarter 2026 Results
• Positive Sentiment: Strong leasing and rent growth: leased 4.4M sq ft, new lease spreads ~24% and a record $77M of future ABR from signed-but-not-open deals — supports FFO visibility beyond the quarter. Kimco tightens 2026 FFO outlook to $1.81-$1.84 as signed-but-not-open pipeline reaches $77M ABR
• Positive Sentiment: Dividend maintained: declared a $0.26 quarterly dividend (4.4% yield) with a June 5 ex?dividend date — supports income-oriented investors and total?return case.
• Neutral Sentiment: Tightened FY?2026 FFO guidance to $1.81–$1.84 (consensus ~1.82): the range is centered on Street expectations, reducing uncertainty but offering limited upside surprise potential. Kimco tightens 2026 FFO outlook after record lease pipeline
• Neutral Sentiment: Beat driven by leasing and occupancy gains rather than one?off items — positive for durability but means near?term upside depends on continued leasing momentum and rent realization. Kimco Realty Corporation Q1 2026 Earnings Call Summary
• Negative Sentiment: Shares are trading lower today despite the beat — likely reflecting guidance tightening that removed surprise upside and possible profit?taking after the recent run; valuation (PE ~28.9) and yield tradeoffs may also temper bullish conviction.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho set a $21.00 target price on Kimco Realty in a report on Friday, January 9th. Evercore set a $25.00 target price on Kimco Realty in a report on Friday. UBS Group decreased their price target on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Wells Fargo & Company upped their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings lowered shares of Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price of $24.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kimco Realty by 59.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kimco Realty by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after purchasing an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Kimco Realty during the 1st quarter worth approximately $61,000. Quantbot Technologies LP acquired a new position in shares of Kimco Realty during the 2nd quarter worth approximately $331,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Kimco Realty by 30.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,170 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.