Kimco Earnings Reports

Kimco Realty posted solid Q1 2025 results, highlighted by a return to profitability, strong leasing spreads, and a rise in same-property NOI. The company achieved a key strategic target, significantly boosting its grocery-anchored portfolio and raising its full-year guidance.

Kimco Realty reported strong fourth-quarter results, with net income of $154.8 million and FFO of $286.9 million, reflecting year-over-year growth. The company achieved a 96.3% pro-rata portfolio occupancy rate and completed key acquisitions, strengthening its high-quality, grocery-anchored shopping center portfolio.

Kimco Realty reported strong second-quarter results, driven by the acquisition of RPT Realty and solid operating performance. Net income available to common shareholders increased to $0.17 per diluted share, and FFO grew by 5.1% to $0.41 per diluted share. The company raised its full-year outlook for net income and FFO per diluted share.

Kimco Realty reported a net loss of ($0.03) per diluted share, but produced FFO of $0.39 per diluted share and 3.9% growth in Same Property Net Operating Income. The company completed the acquisition of RPT Realty and disposed of ten former RPT properties.

Kimco Realty reported strong Q4 2023 results, highlighted by a notable increase in pro-rata portfolio occupancy, record small shop occupancy, and significant new leases signed. The company also completed the acquisition of RPT Realty in January 2024, anticipating further growth and value creation.

Kimco Realty reported a net income of $112 million, or $0.18 per diluted share, for Q3 2023, compared to $51.6 million, or $0.08 per diluted share, for Q3 2022. The company leased 2.1 million square feet with blended pro-rata rent spreads of 13.4%. Same-property NOI grew by 2.6%.

Kimco Realty reported a net income of $100.4 million, or $0.16 per diluted share, for Q2 2023, compared to a net loss of ($125.8) million, or ($0.21) per diluted share, for Q2 2022. The company's pro-rata portfolio occupancy increased by 70 basis points year-over-year to 95.8%, and same-property NOI grew by 2.3%. Kimco generated $144.9 million from the sale of 7.0 million shares of Albertsons Companies, Inc.

Kimco Realty reported solid first-quarter results, driven by strong leasing performance and the monetization of its Albertsons investment. Pro-rata portfolio occupancy increased, and the company generated significant cash rent spreads. Net income was $283.5 million, or $0.46 per diluted share, and FFO was $238.1 million, or $0.39 per diluted share.

Kimco Realty reported a net loss of ($56.1) million for Q4 2022, impacted by a mark-to-market reduction on marketable securities and an increase in income tax provision. However, the company achieved strong occupancy gains, leasing 2.5 million square feet during the quarter, and realized proceeds of $301.1 million from the sale of Albertsons shares.

Kimco Realty reported positive results for Q3 2022, driven by strong tenant demand. The company's pro-rata portfolio occupancy grew sequentially, and same-property NOI increased. Kimco also raised its full-year guidance and increased its quarterly common dividend.

Kimco Realty reported a net loss of $125.8 million for Q2 2022, or ($0.21) per diluted share, compared to a net income of $110.3 million, or $0.25 per diluted share, for Q2 2021. The decline was primarily due to a $285.8 million mark-to-market reduction on marketable securities. However, the company's operating results were solid, with pro-rata portfolio occupancy reaching 95.1% and Same-Property Net Operating Income increasing by 3.4%.

Kimco Realty reported a strong first quarter in 2022, marked by an 18.2% increase in Funds From Operations (FFO) per diluted share and an 8.9% increase in Same-property Net Operating Income (NOI). The company leased a total of 4.7 million square feet and achieved significant occupancy gains. Net income available to common shareholders was $230.9 million, or $0.37 per diluted share.

Kimco Realty reported Q4 2021 results, featuring a net income of $75.3 million, or $0.13 per diluted share. The company grew pro-rata portfolio occupancy and anchor occupancy sequentially. Same-property NOI increased by 12.9%.

Kimco Realty Corp. reported strong third-quarter results, marked by the completion of a strategic merger with Weingarten Realty Investors, portfolio occupancy growth, and a notable increase in same-property NOI. The company raised its 2021 outlook, driven by leasing success and the integration of the Weingarten portfolio.

Kimco Realty Corp. reported second quarter results with net income available to common shareholders of $110.3 million, or $0.25 per diluted share. Pro-rata portfolio occupancy increased sequentially, and same-property NOI grew 16.7% year-over-year. The company raised its 2021 guidance, reflecting confidence in the upcoming merger with Weingarten Realty.

Kimco Realty reported a net income of $131.6 million, or $0.30 per diluted share, for Q1 2021, driven by strong leasing activity and positive rental rate spreads. The company executed 358 leases totaling 2.8 million square feet, the highest since Q1 2019, and reported a pro-rata portfolio occupancy of 93.5%. Kimco also raised its 2021 outlook and announced a strategic merger agreement with Weingarten Realty Investors.

Kimco Realty reported Q4 2020 results with strong rent collections, leasing volume reaching pre-pandemic levels. The company collected 92% of total pro-rata base rents billed and signed 92 new leases for 406,000 square feet. Net income available to common shareholders was $194.9 million, or $0.45 per diluted share, and NAREIT FFO was $133.0 million, or $0.31 per diluted share.

Kimco Realty Corp. reported a net loss of $44.7 million for Q3 2020, primarily due to mark-to-market adjustments on Albertsons shares and potentially uncollectible receivables. However, rent collections continued to strengthen, with 89% of base rents collected for the quarter and 91% in September. The company ended the quarter with a strong liquidity position of over $2.3 billion.

Kimco Realty reported a significant increase in net income available to common shareholders for Q2 2020, primarily driven by gains from its investment in Albertsons Companies Inc. Rent collections improved throughout the quarter, and the company maintained a strong liquidity position.

Kimco Realty reported solid first-quarter operating performance with a net income of $83.7 million, or $0.19 per diluted share. The company attained a pro-rata anchor occupancy of 98.6% and grew same-property NOI by 1.5%. Kimco also maintained a strong liquidity position with over $2 billion available.

Kimco Realty Corp. reported a net income available to common shareholders of $92.8 million, or $0.22 per diluted share, for Q4 2019, compared to $73.6 million, or $0.17 per diluted share, for the same period in 2018. Same-property NOI grew by 2.7%. The company achieved record-high pro-rata anchor occupancy rate of 98.9% and maintained a record-high pro-rata portfolio occupancy rate of 96.4%.