Kimco Realty (NYSE:KIM) Announces Quarterly Earnings Results

Kimco Realty (NYSE:KIM) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.26, Zacks reports. The company had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. Kimco Realty’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Kimco Realty updated its FY 2026 guidance to 1.830-1.840 EPS.

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

• Strong second-quarter performance: FFO per diluted share rose 4.5% year over year to $0.46, while same-property NOI increased 3.5%; credit losses also improved to 57 basis points from 89 basis points.
• Leasing demand remained robust, with 40.4% spreads on new leases, 19 consecutive quarters of double-digit new leasing spreads, record small-shop occupancy of 92.9%, and overall portfolio occupancy of 96.4%.
• Kimco raised its full-year 2026 FFO outlook floor to $1.83 per share, increased same-property NOI guidance to 3.0%-3.5%, and lifted its quarterly dividend 12% year over year to $0.28 per share.
• Management is using capital recycling to sell lower-growth assets and reinvest in higher-growth grocery-anchored centers, including two South Florida acquisitions; it expects further multifamily and ground-lease monetizations.
• The pace and earnings impact of transactions remain dependent on timing, with dispositions front-loaded in the first half and acquisitions expected to ramp later; a preferred-stock transaction is also expected to create an approximately $3.8 million third-quarter charge.

Kimco Realty Price Performance

Shares of NYSE KIM traded down $0.19 during trading on Tuesday, hitting $25.22. 3,728,346 shares of the company were exchanged, compared to its average volume of 5,246,765. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty has a 1 year low of $19.76 and a 1 year high of $26.65. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.80 and a beta of 0.95. The firm’s fifty day moving average price is $25.17 and its 200 day moving average price is $23.60.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Barclays raised their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Scotiabank lifted their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Finally, UBS Group boosted their target price on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.12.

Key Headlines Impacting Kimco Realty

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

• Positive Sentiment: Kimco reported second-quarter revenue of $550.8 million, up 4.9% year over year and above the $543.75 million analyst consensus. Reported EPS was $0.46, exceeding the $0.20 estimate, while FFO increased to $0.46 per share from $0.44 a year earlier. Kimco Realty Q2 key metrics
• Positive Sentiment: Leasing momentum lifted portfolio occupancy to an all-time high of 96.4%, with 461 leases covering 2.5 million square feet. The company also ended the quarter with $2.7 billion of immediate liquidity, supporting financial flexibility. Kimco Realty second-quarter results
• Positive Sentiment: Kimco raised its 2026 outlook for net income and FFO and increased its quarterly common dividend by 12% to $0.28 per share, reinforcing the stock’s income appeal. Its updated full-year EPS guidance is $1.83-$1.84, broadly consistent with consensus. Kimco Realty raises outlook and dividend

Institutional Trading of Kimco Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT grew its position in Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Kimco Realty during the second quarter worth $37,000. MUFG Securities EMEA plc acquired a new position in Kimco Realty during the second quarter worth $42,000. Geneos Wealth Management Inc. purchased a new stake in Kimco Realty during the first quarter worth $61,000. Finally, BOKF NA boosted its position in Kimco Realty by 526.0% during the third quarter. BOKF NA now owns 4,407 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 3,703 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

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.