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

Kimco Realty (NYSE:KIM) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01, Briefing.com reports. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The business had revenue of $542.46 million for the quarter, compared to analysts’ expectations of $539.21 million. During the same period in the prior year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Kimco Realty updated its FY 2026 guidance to 1.800-1.840 EPS.

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

• Record 2025 operating performance — Kimco reported 6.7% NAREIT FFO/share growth, matched an all‑time high portfolio occupancy of 96.4%, leased 1.2M sq ft in Q4, and grew its signed‑not‑open pipeline to 390 bps (~$73M ABR).
• Stronger balance sheet and credit upgrade — Moody’s upgraded Kimco to A3 (A‑) in Q4; the company finished with over $2.2B of immediate liquidity and consolidated net debt/EBITDA of ~5.4x, giving management flexibility for 2026.
• Aggressive capital recycling plan with tax implications — Management intends to sell $300M–$500M (largely ground leases and non‑core land) at ~5%–6% caps and redeploy proceeds into higher‑growth assets, but noted sizable taxable gains that they hope to defer via 1031 exchanges and that could trigger a special dividend if not deferred.
• 2026 financial outlook — Initial guidance is $1.80–$1.84 FFO/share (2.3%–4.5% growth) and same‑property NOI growth of 2.5%–3.5%, with management expecting accelerating rent commencements from the SNO pipeline through the year.
• Operating efficiency and digital transformation — Kimco is flattening to a functionally aligned operating model and investing in automation and data tools, targeting roughly $3M of G&A savings at midpoint while aiming to speed leasing and execution.

Kimco Realty Price Performance

KIM traded up $0.49 during trading on Thursday, reaching $22.48. The stock had a trading volume of 4,317,248 shares, compared to its average volume of 5,393,850. The stock has a 50 day moving average of $20.63 and a two-hundred day moving average of $21.14. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $15.22 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. Kimco Realty has a 1-year low of $17.93 and a 1-year high of $22.97.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KIM. Citigroup cut their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Argus restated a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research note on Monday, December 1st. Barclays reiterated an “overweight” rating and set a $25.00 price objective on shares of Kimco Realty in a research report on Tuesday, January 13th. Wells Fargo & Company lowered their target price on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, December 15th. Finally, Morgan Stanley set a $23.50 price target on Kimco Realty in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $23.89.

Institutional Trading of Kimco Realty

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Kimco Realty by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,188,863 shares of the real estate investment trust’s stock valued at $206,530,000 after buying an additional 113,300 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Kimco Realty in the 4th quarter valued at about $371,000. California Public Employees Retirement System boosted its position in shares of Kimco Realty by 0.6% during the 4th quarter. California Public Employees Retirement System now owns 1,274,422 shares of the real estate investment trust’s stock valued at $25,833,000 after purchasing an additional 7,174 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Kimco Realty by 6.1% in the 4th quarter. Federated Hermes Inc. now owns 11,300,478 shares of the real estate investment trust’s stock worth $229,061,000 after purchasing an additional 650,614 shares during the last quarter. Finally, Great Lakes Retirement Inc. grew its stake in shares of Kimco Realty by 4.7% in the 4th quarter. Great Lakes Retirement Inc. now owns 164,958 shares of the real estate investment trust’s stock worth $3,344,000 after purchasing an additional 7,431 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty News Roundup

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

• Positive Sentiment: Record occupancy and strong leasing — Management reported leasing gains that pushed portfolio occupancy to an all‑time high (around low‑to‑mid 90s%), a key sign of demand resilience for Kimco’s grocery‑anchored shopping centers. Kimco Realty tops Q4 forecasts as portfolio occupancy hits record
• Positive Sentiment: Revenue and EPS/FFO beat or matched expectations — Q4 revenue of ~$542.5M topped estimates and quarterly EPS/FFO came in roughly in line to slightly ahead of consensus (FFO/EPS ~$0.44 vs. ~$0.43 estimate), showing underlying rent and NOI strength. Kimco Realty earnings beat by $0.03, revenue topped estimates
• Positive Sentiment: Bullish 2026 outlook — Management provided initial FY‑2026 guidance well above prior consensus (guidance range ~1.80–1.84), signaling management expects meaningful earnings/FFO growth next year, which is driving the upward price reaction. Kimco’s Q4 FFO Meets Estimates, Revenues Beat, Occupancy Improves
• Positive Sentiment: Company emphasizes resilient leasing and NOI growth — Management highlighted rising NOI and resilient leasing demand as drivers of cash flow stability for the portfolio, supporting dividend coverage and long‑term REIT metrics. Kimco Realty forecasts strong annual results on resilient leasing demand
• Neutral Sentiment: FFO largely in‑line with estimates — While FFO improved year‑over‑year (from ~$0.42 to ~$0.44), it was essentially in line with consensus rather than a large surprise, so the move largely reflects guidance and occupancy strength rather than an upside FFO shock. Kimco Realty (KIM) Meets Q4 FFO Estimates
• Neutral Sentiment: Modest organic growth — Q4 revenue rose roughly mid‑single digits year‑over‑year (~3.3%), indicating steady but not explosive top‑line growth; investors are weighing occupancy/guidance more heavily. Kimco Realty® Announces Fourth Quarter and Full Year 2025 Results

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.