earnings
confidence high
sentiment positive
materiality 0.75
Kimco Q1 FFO $0.46, up 4.5% YoY; raises 2026 outlook, dividend +4%
Kimco Realty OP, LLC
- Net income $0.23/diluted (vs $0.18); FFO $0.46/diluted (vs $0.44), 4.5% FFO growth.
- Leased 4.4M sq ft; new lease spreads 24%; same property NOI up 1.7%.
- Record $77M future ABR from leased-to-economic occupancy spread (410 bps, +28% YoY).
- Quarterly common dividend raised 4% to $0.26; payable June 18, 2026 to holders of record June 5.
- Updated 2026 net income outlook to $0.83-$0.87 (prev $0.80-$0.84); FFO $1.81-$1.84 (prev $1.80-$1.84).