Kimco Realty
Owns and leases grocery-anchored open-air shopping centers across major U.S. metropolitan markets.
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Profile
Owns and leases open-air, grocery-anchored shopping centers and selected mixed-use properties across major U.S. coastal and Sun Belt markets. Rental income from a diversified tenant base drives its single real estate segment, supplemented by redevelopment and structured investments.
Owns and operates a U.S. portfolio of open-air, grocery-anchored shopping centers and selected mixed-use properties. Rental income comes from leasing space to a diversified base of grocers, essential retailers, restaurants, service providers and other tenants. The portfolio is concentrated in first-ring suburbs across major coastal and Sun Belt metropolitan markets.
Leasing, property operations, asset management and redevelopment are handled through an internally managed REIT platform. Scale supports national retailer relationships, while redevelopment, re-tenanting, acquisitions, dispositions and structured real estate investments recycle capital and adapt sites to local demand.
Results depend on tenant rent payments and renewals, occupancy, lease economics, operating costs and redevelopment execution. Retailer health, e-commerce-driven shifts in space demand, interest rates, access to debt and equity financing, and continued compliance with REIT rules shape cash flows and capital allocation.
Company facts
Key statistics
Year to date +18.5% · Average volume (30d) 4.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Goldman Sachs | Reiterate | Neutral | $28 | ||
| Jul 23, 2026 | Wells Fargo | Reiterate | Equal Weight | $21 | $26 | |
| Jul 9, 2026 | UBS | Reiterate | Buy | $26 | $29 | |
| Jun 29, 2026 | Raymond James | Reiterate | Strong Buy | $25 | $29 | |
| Jun 22, 2026 | Wolfe Research | Upgrade | Peer Perform | Outperform | $28 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.20 | $0.22 | +12.1% | $543.8M | $546.4M | +0.5% | −1.57% |
| Apr 30, 2026Q1 FY26 | $0.20 | $0.46 | +134.7% | $542.7M | $552.8M | +1.9% | −1.10% |
| Feb 12, 2026Q4 FY25 | $0.19 | $0.44 | +135.7% | $537.2M | $538.1M | +0.2% | +1.75% |
| Oct 30, 2025Q3 FY25 | $0.43 | $0.44 | +2.3% | $540.5M | $535.9M | −0.9% | −1.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $536.6M | $525.2M | $535.9M | $542.5M | $558.0M | $550.8M | |
| Gross profit | $373.0M | $363.3M | $371.9M | $61.5M | $385.8M | $380.4M | |
| Operating income | $180.5M | $205.8M | $187.2M | $179.0M | $207.8M | $209.0M | |
| Net income | $132.8M | $163.0M | $137.1M | $151.2M | $164.9M | $153.3M | |
| Diluted EPS | $0.18 | $0.23 | $0.20 | $0.22 | $0.23 | $0.24 | |
| Gross margin | 69.5% | 69.2% | 69.4% | 11.3% | 69.1% | 69.1% | |
| Operating margin | 33.6% | 39.2% | 34.9% | 33.0% | 37.2% | 37.9% |
Fiscal years (4-quarter sums)FY21 $1.36B · FY22 $1.73B · FY23 $1.78B · FY24 $2.04B · FY25 $2.14B
Balance sheet, Jun 30, 2026Cash & short-term investments $700.4M · Total debt $8.74B · Total assets $20.03B · Shareholders' equity $10.27B
Dividends
Raised for 5 straight years — most recently to $0.26 from $0.25 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 18 | $0.26 | |
| Mar 6, 2026 | Mar 6 | Mar 19 | $0.26 | |
| Dec 5, 2025 | Dec 5 | Dec 19 | $0.26 | raised from $0.25 |
| Sep 5, 2025 | Sep 5 | Sep 19 | $0.25 | |
| Jun 6, 2025 | Jun 6 | Jun 20 | $0.25 | |
| Mar 7, 2025 | Mar 7 | Mar 21 | $0.25 | |
| Dec 5, 2024 | Dec 5 | Dec 19 | $0.25 | raised from $0.24 |
| Sep 5, 2024 | Sep 5 | Sep 19 | $0.24 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 674.39M · Float 656.08M · 97.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 74.78M | 11.09% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 58.09M | 8.61% | 13F | Aug 13, 2026 |
| Cohen & Steers, Inc. | 56.64M | 8.40% | 13F | Aug 14, 2026 |
| State Street Corp | 46.96M | 6.96% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 44.05M | 6.53% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 17, 2026 | Frank Lourenso | director | −8,594 | $23.14 |
| Sep 29, 2025 | Mary Hogan Preusse | director | −23,100 | $21.66 |
Peers
- Regency Centers
Closest grocery-anchored shopping-center REIT peer
- Brixmor Property Group
National open-air shopping-center REIT with grocery overlap
- Phillips Edison
Focused grocery-anchored neighborhood-center peer
- Federal Realty
Dense-market retail and mixed-use REIT with grocery overlap
- InvenTrust Properties
Sun Belt grocery-anchored retail-center peer
- Acadia Realty Trust
Retail REIT overlap in open-air centers and redevelopment
- Saul Centers
Mid-Atlantic grocery-anchored and mixed-use retail peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kimco Realty | $23.78 | +0.02% | $16.03B | 26.7 | 27.8 | 7.3 | +4.1% |
| Regency Centers | $75.52 | +0.01% | $13.79B | 21.4 | 29.9 | 8.0 | +5.8% |
| Brixmor Property Group | $29.17 | −0.02% | $8.95B | 20.8 | 28.0 | 6.4 | +4.2% |
| Phillips Edison | $40.00 | +2.43% | $5.02B | 34.0 | 49.5 | 6.7 | +3.8% |
| Federal Realty | $116.75 | −0.01% | $10.09B | 23.3 | 37.7 | 7.6 | +4.6% |
| InvenTrust Properties | $32.55 | +0.03% | $2.54B | 162.2 | — | 8.0 | +13.3% |
| Acadia Realty Trust | $20.72 | −0.05% | $2.85B | 60.1 | 66.4 | 7.0 | −9.4% |
| Saul Centers | $33.20 | −0.24% | $816.1M | 21.5 | 107.4 | 2.7 | +6.4% |
| Median | 23.3 | 43.6 | 7.0 | +4.6% |