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

Kimco Realty (NYSE:KIM) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01, Zacks reports. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company had revenue of $546.15 million during the quarter, compared to analyst estimates of $549.06 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis.

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 Trading Up 2.3%

Shares of KIM opened at $25.09 on Tuesday. The stock’s fifty day simple moving average is $23.08 and its 200-day simple moving average is $23.53. The firm has a market capitalization of $16.83 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 12-month low of $19.76 and a 12-month high of $26.65. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.5%. Kimco Realty’s payout ratio is presently 104.67%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KIM. Barclays cut their price objective on Kimco Realty from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Piper Sandler raised their target price on Kimco Realty from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group cut their price target on Kimco Realty from $29.00 to $25.00 and set a “buy” rating for the company in a report on Friday, October 9th. Citigroup upped their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Mizuho reduced their price target on shares of Kimco Realty from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, September 24th. One 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 MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $25.88.

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.