earnings
confidence high
sentiment positive
materiality 0.75
Kimco Realty Q2 net income up 35%, FFO up 7.3%; raises 2025 guidance
Kimco Realty OP, LLC
- Net income of $155.4M ($0.23/diluted share) vs $111.8M ($0.17) YoY; FFO $0.44/diluted share (+7.3%).
- Same Property NOI +3.1%; blended cash rent spreads 15.2%; small shop occupancy record 92.2%.
- Raised 2025 FFO outlook to $1.73-$1.75 (prev. $1.71-$1.74); net income outlook $0.74-$0.76 (from $0.70-$0.73).
- Issued $500M 5.30% notes due 2036; repaid $240.5M note; repurchased 3M shares at avg $19.61; quarterly dividend $0.25/share.
item 2.02item 9.01