Kimco Realty (KIM) Q3 2026 earnings summary

Executive summary

• Q3 FFO per diluted share rose 6.8% to $0.47; same-property NOI grew 4.9% and occupancy reached a record 96.6%.

• 2026 diluted-share guidance increased to net income of $1.07–$1.09 and FFO of $1.84–$1.86.

• Portfolio comprised 561 shopping centers totaling 99.1M sq. ft.; 87% of ABR was grocery-anchored.

Financial highlights

• Q3 net income available to common shareholders was $272.5M, or $0.41 per diluted share, versus $130.2M and $0.19; additional property-sale gains drove much of the increase.

• Q3 revenue was $546.1M versus $535.9M; FFO was $316.2M, or $0.47 per diluted share, versus $300.3M and $0.44.

• Same-property NOI rose 4.9% in Q3 and 3.3% for 9M, supported by minimum-rent growth and higher recoveries; 9M gains were partly offset by higher non-recoverable expenses.

• 9M operating cash flow was $977.8M versus $861.6M; net income available to common shareholders was $575.6M versus $410.8M.

Outlook and guidance

• 2026 FFO guidance increased to $1.84–$1.86 per diluted share and same-property NOI growth guidance to 3.5%–3.8%; net income guidance rose to $1.07–$1.09.

• Credit-loss guidance improved to 50–60 bps of rental revenue from 55–75 bps previously.

• The $76M signed-not-open ABR pipeline carried a 390 bps spread; commencements were expected 28% in 4Q26, 57% in 2027 and 15% in 2028.

• 2026 plans include $400M–$500M of net-neutral acquisition/disposition volume, $75M–$125M of net structured investments and $140M–$150M of redevelopment.

• Full 2027 outlook is to be provided with Q4 results; modest maturities and signed leasing provide embedded growth entering the year.