Revenue segments as reported by the company.

Revenues from rental properties, net

Management and other fee income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Kimco Realty

Kimco Realty Corp. is a real estate investment trust company, which engages in the ownership and operation of open-air shopping centers. It also specializes in shopping center acquisitions, development and management. The company was founded by Milton Cooper and Martin S. Kimmel in 1973 and is headquartered in Jericho, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Kimco Realty reports robust 2022 performance and strategic growth plans

Kimco Realty had a strong 2022 with high occupancy rates and record leasing metrics
The company is patient in its investment approach, focusing on value creation and strategic goals
Challenges include market dynamics and varying CapEx amid inflationary pressures
Opportunities lie in UPREIT conversions, potential mergers, and continued portfolio transformation

Kimco Realty reports solid Q1 results amidst leasing strength

Kimco Realty's Q1 performance reflects strong leasing activity and financial stability.
The company's focus on high-quality assets and diverse tenant pool positions it well for growth.
Challenges include navigating a restrained transaction market and potential impact of tighter lending standards.
Opportunities exist in capital deployment, mixed-use redevelopment, and anticipating retail demand shifts.

Kimco Realty reports steady Q2 performance amidst challenges and growth opportunities

Kimco Realty's Q2 performance was solid, driven by strong leasing activity and strategic tenant additions. The company faces challenges in credit loss guidance and increasing interest expenses. However, opportunities in acquisitions and structured investments present avenues for growth and double-digit returns.

Kimco Realty (KIM) excels in Q3 with strategic growth plans

Kimco Realty (KIM) delivers a strong performance in Q3, showcasing resilience, growth strategy, and a focus on strategic investments. Challenges include slow-moving cap rates for acquisitions and debt refinancing for the RPT merger. Opportunities lie in structured investment programs and the shift towards second-generation retail spaces.

Kimco Realty reports solid Q4 performance and strategic growth plans

Kimco Realty showcased strong performance in Q4 with high leasing spreads and increased occupancy levels.
The company is strategically focusing on dispositions, acquisitions, and operational improvements for growth.
Challenges exist in penciling new developments and monitoring lower credit quality tenants.
Overall, Kimco Realty remains cautiously optimistic about occupancy trends and aims to capitalize on growth opportunities.

Kimco Realty reports robust Q1 results, eyes growth opportunities ahead

Kimco Realty (KIM) delivered strong financial performance in Q1 2024, maintaining high occupancy levels and efficiently managing expenses. The company's strategic focus on disciplined acquisitions, structured investments, and tenant engagement positions it well for growth. Despite market challenges, Kimco Realty remains adaptable and proactive in pursuing opportunities for expansion.

Kimco Realty reports robust Q2 earnings, eyes growth opportunities

Kimco Realty's Q2 performance reflects strength in FFO growth, leasing success, and balance sheet improvements. While facing challenges in occupancy gaps and asset performance, the company is well-positioned to capitalize on opportunities in structured investments and market dynamics. By focusing on strategic leasing and growth initiatives, Kimco Realty aims to drive continued success and shareholder value.

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KIM's Q3 results reflect better-than-anticipated revenues. However, a rise in interest expenses acts as a dampener.

Kimco Q3 FFO & Revenues Surpass Estimates, '24 Outlook Raised

Kimco Realty Corporation (NYSE:KIM ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants David Bujnicki - SVP, IR Conor Flynn - CEO Ross Cooper - President & CIO Glenn Cohen - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler Michael Goldsmith - UBS Juan Sanabria - BMO Capital Markets Dori Kesten - Wells Fargo Jeff Spector - Bank of America Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Craig Mailman - Citi Ravi Vaidya - Mizuho Greg McGinniss - Deutsche Bank Caitlin Burrows - Goldman Sachs Linda Tsai - Jefferies Wes Golladay - Baird Paulina Rojas - Green Street Capital Michael Mueller - JP Morgan Ronald Kamdem - Morgan Stanley Operator Hello and welcome to the Kimco Realty Third Quarter 2024 Earnings Conference Call. All participants will be in listen only mode.

Kimco Realty Corporation (KIM) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Kimco Realty (KIM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Kimco Realty (KIM) Q3 Earnings: A Look at Key Metrics

Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.40 per share a year ago.

Kimco Realty (KIM) Q3 FFO and Revenues Surpass Estimates

– Portfolio Occupancy Matches All-Time High – – Board Increases Quarterly Cash Dividend on Common Shares by 4.2% – – Raises 2024 Outlook – JERICHO, N.Y., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the third quarter ended September 30, 2024.

Kimco Realty® Announces Third Quarter 2024 Results

Evaluate the expected performance of Kimco Realty (KIM) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Seeking Clues to Kimco Realty (KIM) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

While a healthy retail real estate market and focus on developing mixed-use assets are likely to aid KIM's Q3 earnings, high interest expenses may have hurt it.

What's in the Cards for Kimco Realty Stock in Q3 Earnings?

Airbnb

Armada Hoffler Properties

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Host Hotels & Resorts

NET Lease Office Properties

Ventas

Welltower

W. P. Carey

There are substantial valuation gaps among REIT sectors, with some justified by fundamentals and others representing mispricing, providing investment opportunities in undervalued sectors. Hotels and office REITs face significant challenges, including erratic earnings, high costs, and post-COVID demand shifts, making them risky investments despite low multiples. Diversified and retail REITs are undervalued; diversified REITs are misunderstood, and retail REITs have growth potential due to long-term lease roll-ups.

These REITs Trade At Discounts, But Should They?

Vanguard Real Estate ETF

Falling interest rates could create a tailwind for REITs, and these could be great ways to invest.

Real Estate Could Soar in 2025. Here Are 2 Great Stocks You Can Buy Right Now

Kimco Realty (KIM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Kimco Realty (KIM) a New Buy Stock

Strengthening its position in the Orlando market, KIM acquires Waterford Lakes Town Center for $322 million in Orlando, FL.

Kimco Announces Buyout of Waterford Lakes Town Center for $322M

– Florida's Premier Grocery-Anchored Lifestyle Center and Retail Landmark – – One of Florida's Top Retail Destinations with Nearly 14 Million Annual Visits – JERICHO, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, is pleased to announce the acquisition of Waterford Lakes Town Center, a 976,000-square-foot signature asset spanning 79 acres in Orlando, Florida for $322 million, including the assumption of a $164 million mortgage. The property, which is approximately 99% occupied, features a high-quality tenant mix that combines lifestyle and entertainment uses with essential goods and services.

Kimco Realty® Acquires Waterford Lakes Town Center

KIM's focus on grocery-anchored centers, mixed-use assets and a solid balance sheet position is likely to bode well for long-term growth.

Kimco Realty Stock Rises 25.9% in Three Months: Here's How

The Fed's anticipated rate cuts will likely shift $3 trillion from money market funds to longer-duration fixed-income assets, including RMBS, corporate bonds, and REIT preferreds. Mispricing in the high yield space, particularly REIT preferreds, presents substantial capital appreciation potential due to wide spreads and significant discounts to par value. Preferreds with sound fundamentals, large discounts to par, and high current spreads are poised for 15%+ capital appreciation and double-digit total returns.

Yield Spreads Are Out Of Whack - How To Take Advantage

Apple Hospitality REIT

Broadstone Net Lease

Boston Properties

Cousins Properties

Healthpeak Properties Inc

EPR Properties

Getty Realty

NewLake Capital Partners, Inc.

National Retail Properties

NETSTREIT Corp

Realty Income Corp

Park Hotels & Resorts

Vici Properties

REIT yields are becoming more competitive, especially with the likelihood of interest rate cuts and low inflation on the horizon. This article identifies 35 equity REITs yielding 4.75% or better and at least 20% undervalued, narrowing down to 11 based on dividend safety, balance sheet quality, and growth projections. Avoid high-yield "sucker" stocks and companies with declining revenues or weak balance sheets to minimize risk and ensure stable returns.

Buried Treasures: 11 Dramatically Undervalued REITs

KIM's rating outlook is revised upward by S&P Global Ratings to 'Positive' from 'Stable' on expectations of solid operating performance.

Kimco Realty's Rating Outlook Upgraded to Positive by S&P Global

JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty Corporation (NYSE: KIM) (the “Company”) today announced that its subsidiary, Kimco Realty OP, LLC (“Kimco OP” and, together with the Company, “Kimco”), has priced a public offering of $500 million aggregate principal amount of 4.850% notes due 2035 (the “notes”) with an effective yield of 4.873%, maturing March 1, 2035. The notes will be fully and unconditionally guaranteed by the Company. The offering is expected to settle on September 16, 2024, subject to the satisfaction of customary closing conditions.

Kimco Realty® Announces Pricing of $500 Million Aggregate Principal Amount of 4.850% Notes due 2035

JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced that S&P Global Ratings (“S&P”) revised its rating outlook for KIM to ‘Positive' from ‘Stable' and affirmed the Company's ratings, including the ‘BBB+' Issuer Credit Rating.

S&P Upgrades Kimco Realty® Rating Outlook to ‘Positive'

JERICHO, N.Y., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) will announce its third quarter 2024 earnings on Thursday, October 31, 2024, before market open. You are invited to listen to our quarterly earnings conference call. The webcast information is as follows:

Kimco Realty® Invites You to Join Its Third Quarter Earnings Conference Call

In a positive development, KIM achieves an 'A-' credit rating from Fitch based on its operational excellence, access to capital markets and balance sheet strength.

Kimco Secures A- Credit Rating With Stable Outlook from Fitch

Kimco Realty offers a high-quality 4.2% dividend yield with a low 60% pay-out ratio, indicating strong potential for future dividend growth. The trust's portfolio has strong lease metrics, with 96.2% occupancy and rising rents, supported by a 13% YoY increase in funds from operations. Kimco Realty's recent acquisition of RPT Realty and upward revision of FFO forecast highlight its growth potential and robust financial health.

Kimco: 4.2% Yield, Strong Coverage, Dividend Growth Potential

JERICHO, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the company achieved an ‘A-' credit rating with a stable outlook from Fitch Ratings (“Fitch”), making it one of just 12 publicly-listed U.S. REITs with a credit rating of ‘A-' equivalent or better.

Kimco Realty® Achieves ‘A-' Credit Rating from Fitch

Acadia Realty Trust

Alexander & Baldwin

Saul Centers

Brixmor Property Group

Federal Realty Investment Trust

InvenTrust Properties Corp

Kite Realty Group

Phillips Edison & Co Inc

Regency Centers

Retail Opportunity Investments

SITE Centers Corp

Urban Edge Properties

Whitestone REIT

The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior growth prospects, driven by record-high occupancy rates and strong rental rate spreads. This article examines liquidity, FFO growth, TCFO growth, dividend growth, market cap, share price growth, and volatility to identify the best Shopping Center REITs for the next 2 years.

Shopping Center REITs Are Hot: Pick A Winner

Agree Realty

Camden Property

Mid-America Apartment Communities

Prologis

Rexford Industrial Realty

I focus on bottom-up analysis, identifying companies with strong operational performance and balance sheets that can weather Black Swan events, regardless of stock market fluctuations. Realty Income, Agree Realty, NNN REIT, Regency Centers, Kimco Realty, Mid-America Apartment, Camden Property Trust, Prologis, Rexford Industrial Realty, and VICI Properties are evaluated for their resilience. Realty Income, NNN REIT, Kimco Realty, Mid-America Apartment, Camden Property Trust, and Rexford Industrial Realty are rated as Buys due to their strong fundamentals and consistent performance.

10 SWANs For The Next Black Swan

Kimco is a REIT that owns and operates retail properties in 30 states. The company has a well-diversified portfolio and the market dynamics are good for retail landlords. Kimco Realty's investment-grade balance sheet and strong liquidity are attractive, but its low dividend yield and fair valuation may not make it appealing to income and value investors.

Kimco: Good Market Dynamics But Fairly Valued

News for Kimco Realty Stock (KIM)