Quarterly ResultApr 30, 2026, 11:56 AM
KIM Q1 Net Income +24.15% to $164.9M; EPS $0.23
AI Summary
Kimco Realty Corporation reported a strong first quarter for 2026, with net income attributable to the Company increasing significantly to $164.9 million, a 24.15% rise from the prior year. Revenues from rental properties also saw a healthy increase, contributing to a substantial boost in operating income. The company also reported a notable gain from property sales and increased cash flow from operating activities.
Key Highlights
- Net income attributable to the Company: $164.9M in Q1 2026, up 24.15% from $132.8M in Q1 2025.
- Basic EPS: $0.23 in Q1 2026, up 27.78% from $0.18 in Q1 2025.
- Revenues from rental properties, net: $552.8M in Q1 2026, up 4.05% from $531.3M in Q1 2025.
- Operating income: $207.8M in Q1 2026, up 15.12% from $180.5M in Q1 2025.
- Gain on sale of properties: $15.7M in Q1 2026, significantly up from $0.9M in Q1 2025.
- Net cash flow provided by operating activities: $243.0M in Q1 2026, up from $223.8M in Q1 2025.
- Total assets: $19.59B as of March 31, 2026, compared to $19.69B as of December 31, 2025.
- Cash, cash equivalents and restricted cash: $169.6M as of March 31, 2026, down from $212.8M at Dec 31, 2025.
Price Impact
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