Kimco Realty Q4 FFO rises on leasing, rental gains

Kimco Realty

12/02/2026 11:58

Overview

U.S. REIT's Q4 net income per share fell yr/yr, while FFO per share rose

Company achieved record occupancy levels, with small shop occupancy at 92.7%

Company repurchased 3.1 mln shares at $19.96 average price in Q4 2025

Outlook

Kimco Realty projects 2026 net income per share between $0.80 and $0.84

Company expects 2026 FFO per share between $1.80 and $1.84

Kimco Realty anticipates same property NOI growth of 2.5% to 3.5% in 2026

Result Drivers

LEASING GAINS - Strong leasing activity drove occupancy to record levels, with small shop occupancy reaching 92.7%

RENTAL REVENUE - Higher consolidated revenues from rental properties contributed to Q4 results, driven by increased minimum rent and non-cash rent adjustments

PROPERTY SALES - Gains on property sales added to net income, with $18.1 million higher gains compared to Q4 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.21
Q4 Net Income
$143.60 mln
Q4 FFO
$294.30 mln
Q4 FFO Per Share
$0.44


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $23.00, about 4.6% above its February 11 closing price of $21.99

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nGNX9BgXdx

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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.)