Kimco Realty Q2 FFO rises, lifts 2026 outlook

Kimco Realty

04/08/2026 12:11

((This story was generated using AI and automation, please see
disclaimer https://bit.ly/rtrsnai))
Overview
    * U.S. shopping center REIT's Q2 FFO per share rose 4.5% yr/yr to $0.46
    * Net income per share for Q2 edged down to $0.22 from $0.23 a year earlier
    * Company raised quarterly dividend by 12% and lifted 2026 outlook for net income and FFO

Outlook
    * Kimco Realty raises 2026 net income outlook to $1.00-$1.03 per diluted share
    * Company lifts 2026 FFO guidance to $1.83-$1.84 per diluted share
    * Kimco Realty expects 2026 same property NOI growth of 3.0% to 3.5%

Result Drivers
    * RECORD OCCUPANCY - Co said strong leasing gains drove portfolio occupancy to an all-time high of 96.4% and small-shop occupancy to a record 92.9%
    * LEASING ACTIVITY - Robust leasing, supported by limited new supply and consumer demand for essentials, contributed to results, per CEO Conor Flynn
    * MINIMUM RENT INCREASES - Same property NOI grew 3.5% yr/yr, driven by a 2.6% increase in minimum rents

Company press release:  ID:nGNX2D9586 
Key Details
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
 Q2 EPS              $0.22      
 Q2 Net              $145.8     
 Income              mln       
 Q2 FFO              $309.2     
                     mln       
 Q2 FFO              $0.46      
 Per                           
 Share                         
 Analyst Coverage
    * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"
    * The average consensus recommendation for the commercial reits peer group is "buy"
    * Wall Street's median 12-month price target for Kimco Realty Corp is $26.00, about 2.3% above its August 3 closing price of $25.41
    * The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)