Quarterly ResultApr 30, 2026, 06:52 AM
KIM Q1 FFO/Share +4.5% to $0.46; Net Income/Share +28%; Updates 2026 Outlook
AI Summary
Kimco Realty reported strong first-quarter 2026 results, with Funds From Operations (FFO) per diluted share growing 4.5% to $0.46 and Net income per diluted share increasing 28% to $0.23. The company achieved robust leasing activity, signing 4.4 million square feet with new lease spreads of 24%, and increased pro-rata leased occupancy to 96.3%. Kimco also updated its full-year 2026 outlook for both Net income and FFO per diluted share, reflecting continued confidence in its organic growth and capital allocation strategy.
Key Highlights
- KIM Q1 FFO per diluted share grew 4.5% to $0.46.
- Net income per diluted share increased 28% to $0.23.
- Leased 4.4 million square feet with new lease spreads of 23.8%.
- Achieved record $77 million in future ABR from leased-to-economic occupancy spread.
- Increased pro-rata leased occupancy by 50 bps YoY to 96.3%.
- Declared a quarterly cash dividend of $0.26 per common share, a 4.0% increase.
- Updated 2026 Net income outlook to $0.83-$0.87 and FFO outlook to $1.81-$1.84.
- Ended the quarter with approximately $2.2 billion of immediate liquidity.