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

Kimco Realty (NYSE:KIM) announced its earnings results on Thursday. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01, Zacks reports. Kimco Realty had a return on equity of 5.49% and a net margin of 27.32%.The firm had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the prior year, the company earned $0.44 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. 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 Down 1.1%

NYSE KIM traded down $0.26 during mid-day trading on Friday, reaching $23.39. The stock had a trading volume of 5,918,363 shares, compared to its average volume of 5,583,826. Kimco Realty has a 1 year low of $19.76 and a 1 year high of $24.31. The stock has a market cap of $15.77 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a fifty day moving average price of $23.17 and a 200 day moving average price of $21.68. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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 is Friday, June 5th. Kimco Realty’s payout ratio is presently 128.40%.

Wall Street Analyst Weigh In

KIM has been the subject of several research reports. Evercore set a $25.00 target price on Kimco Realty in a research report on Friday. Truist Financial increased their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Scotiabank increased their target price on Kimco Realty from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Piper Sandler raised their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.80.

Key Headlines Impacting Kimco Realty

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.

Hedge Funds Weigh In On Kimco Realty

Hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT raised its holdings in Kimco Realty by 270.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,049 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Kimco Realty in the 2nd quarter worth approximately $37,000. MUFG Securities EMEA plc purchased a new position in Kimco Realty in the 2nd quarter worth approximately $42,000. Geneos Wealth Management Inc. purchased a new position in Kimco Realty in the 1st quarter worth approximately $61,000. Finally, BOKF NA raised its holdings in Kimco Realty by 526.0% in the 3rd quarter. BOKF NA now owns 4,407 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 3,703 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

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.