---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014248"
form_type: "8-K"
ticker: null
cik: "0001959472"
company_name: "Kimco Realty OP, LLC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:57:26.488671+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kimco Q1 net loss $0.03/sh on merger charges; FFO flat at $0.39, raises FFO guidance

## Summary
- Net loss of $18.9M ($0.03/diluted) vs net income of $283.5M ($0.46) in Q1 2023, driven by non-recurring Albertsons dividend and RPT merger costs.
- FFO of $261.8M ($0.39/sh) flat YoY; includes $25.2M of RPT merger charges.
- Same Property NOI grew 3.9%; pro-rata occupancy 96.0%; blended rent spreads of 10.2% on 4.0M sq ft leased.
- Completed $2.3B RPT Realty acquisition on Jan 2; disposed 10 former RPT properties for $248M.
- Board declared $0.24/sh quarterly dividend (unchanged); updated 2024 FFO guidance to $1.56-$1.60 (from $1.54-$1.58).

## SEC filing metadata
- accession: 0001437749-24-014248
- form_type: 8-K
- cik: 0001959472
- company_name: Kimco Realty OP, LLC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959472/000143774924014248/0001437749-24-014248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/879101/000143774924014248/kim20240430_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014248
- JSON: https://secwatch.observer/filing/0001437749-24-014248.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014248.txt

## Key facts
- Earnings Releases
  Kimco Realty OP, LLC reported first quarter ended March 31, 2024 results: net income ($18.9) million, EPS ($0.03) per diluted share.
  - Period: first quarter ended March 31, 2024
  - Net income: ($18.9) million
  - EPS: ($0.03) per diluted share
  - Result: reported results
  source text: On May 2, 2024, Kimco Realty Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959472/000143774924014248/0001437749-24-014248-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.