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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $525M | +16.3% | $0.23 | +9.5% | 31.7% | 31.6% | $129M |
| FY2025 Q1 | $537M | +6.5% | $0.18 | +716.4% | 33.6% | 24.8% | $172M |
| FY2025 Q2 | $525M | +5.0% | $0.23 | +35.3% | 39.2% | 31.0% | $219M |
| FY2025 Q3 | $536M | +5.6% | $0.20 | +5.3% | 34.9% | 25.6% | $239M |
| FY2025 Q4 | $542M | +3.2% | $0.22 | -4.3% | 33.0% | 27.9% | $143M |
| FY2026 Q1 | $558M | +4.0% | $0.23 | +27.8% | 37.2% | 29.6% | $243M |
| FY2026 Q2 | $551M | +4.9% | $0.24 | +4.3% | 37.9% | 27.8% | $233M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Kimco Realty delivered Q1 2026 FFO of $0.46 per share, up 4.5%, as guidance was tightened higher to $1.81-$1.84 on a strong start. The record SNO pipeline reached $77 million, and the RPT portfolio occupancy surpassed legacy Kimco levels. Credit loss reached its best levels in years, and record new lease rents demonstrated continued spread expansion. Same-property NOI grew 1.7%, and the capital recycling program was building momentum. Geopolitical uncertainty tested portfolio resilience but fundamentals remained healthy.
Capital Allocation | Demand | Competitive Dynamics | Guidance Reliability | Credit | Capex Investment | Revenue Growth | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 3 | 4 | 5 | 5 | 3 | 1 | 2 |
| 2025Q1 | 5 | 4 | 1 | 2 | 3 | 3 | 2 | |
| 2025Q2 | 7 | 5 | 5 | 2 | 3 | 1 | 2 | 1 |
| 2025Q3 | 8 | 2 | 3 | 2 | 1 | 3 | 2 | 1 |
| 2025Q4 | 8 | 3 | 2 | 3 | 1 | 1 | 1 | 1 |
| 2026Q1 | 5 | 5 | 4 | 2 | 2 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capital Allocation | 8 | 5 | 7 | 8 | 8 | 5 |
| Demand | 3 | 4 | 5 | 2 | 3 | 5 |
| Competitive Dynamics | 4 | 1 | 5 | 3 | 2 | 4 |
| Guidance Reliability | 5 | 2 | 2 | 2 | 3 | 2 |
| Credit | 5 | 3 | 3 | 1 | 1 | 2 |
| Capex Investment | 3 | 3 | 1 | 3 | 1 | |
| Revenue Growth | 1 | 2 | 2 | 2 | 1 | 3 |
| Pricing | 2 | 1 | 1 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alexander Goldfarb | Piper Sandler | 8 (38%) |
| Michael Goldsmith | UBS | 7 (14%) |
| Juan Sanabria | BMO Capital Markets | 7 (29%) |
| Greg McGinniss | Scotiabank | 7 (0%) |
| Mike Mueller | JPMorgan | 7 (0%) |
| Floris Van Dijkum | Ladenburg Thalmann | 7 (0%) |
| Michael Griffin | Evercore ISI | 6 (0%) |
| Caitlin Burrows | Goldman Sachs | 6 (0%) |
| Linda Tsai | Jefferies | 6 (0%) |
| Craig Mailman | Citigroup | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Piper Sandler | 1 | 8 (38%) |
| Morgan Stanley | 2 | 7 (0%) |
| Bank of America | 2 | 7 (14%) |
| Citigroup | 3 |
| 7 (0%) |
| BMO Capital Markets | 1 | 7 (29%) |
| Evercore ISI | 2 | 7 (0%) |
| JPMorgan | 1 | 7 (0%) |
| Ladenburg Thalmann | 1 | 7 (0%) |
What KIM and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“look at the example just at Blackstone alone, their second highest conviction is in open-air grocery-anchored shopping centers behind data centers.”
Kimco cites Blackstone's second-highest conviction being open-air grocery-anchored centers (behind data centers), a read-through on Blackstone's real estate allocation priorities.
“The recently announced acquisition of Whitestone REIT by Ares Management, an all-cash transaction valued at approximately $1.7 billion is the latest evidence of how aggressively private capital is pursuing our sector”
Ares Management's ~$1.7B acquisition of Whitestone REIT is a read-through on Ares' private-capital deployment into open-air grocery-anchored retail.
“The recently announced acquisition of Whitestone REIT by Ares Management, an all-cash transaction valued at approximately $1.7 billion is the latest evidence of how aggressively private capital is pursuing our sector”
Whitestone REIT's ~$1.7B all-cash takeout by Ares is cited as evidence of private-market appetite for open-air retail and the public/private valuation gap.
“we know that Painted Tree just filed. It's a small impact for us. There's only 5 leases there”
Retailer Painted Tree filed for bankruptcy with 5 Kimco leases, a small negative tenant-health read-through.
“with our Sprouts package, our construction team has been working tirelessly with their team to try to pull forward those open dates through the course of this year”
Sprouts is pulling forward store openings in a lease package with Kimco, a read-through on the grocer's accelerating expansion.
“it was primarily driven by the American Signature bankruptcy.”
Furniture retailer American Signature's bankruptcy drove Kimco's quarter-over-quarter occupancy dip, a negative read-through on the tenant's health.
“we signed 2 leases with Anthropologie and executed our first deal with Patagonia.”
Patagonia executed its first deal with Kimco, a read-through on the apparel brand's retail expansion into lifestyle centers.
“we signed 2 leases with Anthropologie and executed our first deal with Patagonia.”
Anthropologie signed two new leases in Kimco's lifestyle portfolio, a read-through on the URBN brand's physical-store growth.
“we secured 4 leases with Dollar Tree, signing several of those in under 30 days.”
Dollar Tree signed a package of 4 leases with Kimco at fast pace, a read-through on the discount retailer's aggressive store-expansion posture.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
KIM Kimco Realty | 7 | +4.0% | |
| FRT Federal Realty Investment Trust | 8 | +10.3% | |
| O Realty Income | 7 | +12.2% | |
| REG Regency Centers | 6 | +4.5% | |
| SPG Simon Property Group | 8 | +19.3% |