Kimco Realty Q2 FFO rises, lifts 2026 outlook

Kimco Realty

04/08/2026 12:11

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/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.22
 
Q2 Net Income
 
$145.8 mln
 
Q2 FFO
 
$309.2 mln
 
Q2 FFO Per Share
 
$0.46
 

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

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(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.)