Kimco Realty Corporation (KIM) Earnings Call Transcripts

Kimco Realty Corporation's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Kimco Realty Corporation (KIM:US) reported strong financial results, with FFO per diluted share of $0.46, reflecting a 4.5% year-over-year increase. Same property NOI grew by 3.5%, driven by higher minimum rents and improved net recoveries. Management raised the midpoint of their full-year FFO guidance to $1.83 per share from $1.81, indicating confidence in ongoing operational strength and visibility into the remainder of the year. The company also announced a 12% increase in its quarterly cash dividend, further underscoring its commitment to returning value to shareholders.

Reported metrics

Guidance from management

Management raised the lower end of their full-year FFO guidance to $1.83 per share from $1.81, while maintaining the top end at $1.84. They also increased the same-property NOI growth assumption to a range of 3% to 3.5%.

What management said

Yes. I would just add that the other thing to keep in mind about the program is we're doing it in a capital-light manner, which is really, really helpful. We're not taking major drag on earnings to build these over a 3-year period, the preferred equity structure that we've created with the partners really has allowed us to build these without having a drag on earnings.

I would just add, the consumer continues to be incredibly resilient, right? They've dealt with higher interest rate environment for the last few years. They've dealt with higher gas prices. They've dealt with higher egg prices throughout it. And I think the thing -- the same in grace of all of that really has been if you look at where unemployment is, unemployment has remained incredibly low. Job turnovers remains in...

What analysts pressed on

Analysts expressed concerns about the timing of acquisition activity in the back half of the year, questioning whether the company could sustain its strong performance amidst a competitive market. Additionally, there were inquiries about the impact of rising interest rates on future growth prospects.

Main topics on the call

• Leasing Demand and Occupancy — Kimco achieved record small shop occupancy of 92.9% and overall pro rata portfolio occupancy of 96.4%. Management noted, "Leasing remained one of the clearest indicators of demand for our portfolio," highlighting a stron...
• Capital Recycling Strategy — The company successfully executed a capital recycling strategy, selling lower-growth assets and acquiring two grocery-anchored centers in Florida. Management emphasized that "capital recycling can create earnings growth ...
• Mixed-Use Development Success — Kimco completed the sale of a multifamily building, marking a significant milestone in their mixed-use platform. This transaction demonstrates the potential for value creation through their redevelopment program, as note...
• Guidance Update — Management raised the lower end of their full-year FFO guidance to $1.83 per share, reflecting strong first-half performance and improved credit trends. They also adjusted same-property NOI growth expectations to 3% to 3...

Read the full Kimco Realty Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 52 Kimco Realty Corporation earnings call transcripts on record, spanning January 30, 2020 to August 4, 2026. Based on this history, Kimco Realty Corporation reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KIM

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Retail REITs

Calls on record

52

First call

January 30, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly