Kimco Realty Q3 FFO per share beats estimates

Kimco Realty

30/10/2025 10:59

Overview

Kimco Realty Q3 FFO per share beats analyst expectations

Company raises 2025 outlook, reflecting confidence in growth potential

Kimco Realty increases cash dividend on common shares by 4%

Outlook

Kimco raises 2025 net income outlook to $0.77-$0.79 per share

Kimco raises 2025 FFO outlook to $1.75-$1.76 per share

Company maintains same property NOI growth assumption at 3% or better

Result Drivers

OCCUPANCY GROWTH - Kimco reported record leased-to-economic occupancy spread and new high in small shop occupancy, indicating strong demand

STRATEGIC ACQUISITIONS - Acquisition of Tanasbourne Village and activation of The Chester project contributed to growth

STRUCTURED INVESTMENTS - Investment in structured programs and redevelopment activities supported financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.19
Q3 Net Income
$130.19 mln
Q3 FFO per share
Beat
$0.44
$0.43 (18 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 15 "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 $24.00, about 10.8% above its October 29 closing price of $21.40

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nGNX4Wkf1d

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

(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.)