Kimco Realty® Announces Third Quarter 2026 Results
Key Highlights
- ➤2026 FFO per diluted share $0.47, up 6.8% year-over-year
- ➤Portfolio occupancy reached record 96.6%; small-shop occupancy hit 92.9%
- ➤2026 FFO outlook raised to $1.84-$1.86 per diluted share
- ➤Same-property NOI grew 4.9% year-over-year, driven by 3.2% minimum-rent growth
- ➤Kimco repurchased $150 million of common stock and $74 million of preferred stock
Expert Statements
Conor Flynn, CEO of Kimco Realty
“Our third quarter results reflect strong execution, with record occupancy, significant pricing power on new leases and further acceleration in same property NOI growth. During the quarter, we sold a multifamily property at approximately a 5% cap rate and redeployed the capital toward the repurchase of $150 million of our common stock at an implied cap rate in the mid-7% range, while continuing to recycle lower-growth ground leases into higher-growth grocery-anchored centers”
Conor Flynn, CEO of Kimco Realty
“We still see further opportunity to drive our results higher, including $76 million of annual base rent from leases signed but yet to commence. This positive momentum allowed us to again raise our full year guidance, which would mark the third consecutive year of FFO per share growth above 5%. We remain committed to growing earnings and creating long-term shareholder value.”
– Portfolio Occupancy Reaches All-time High – – Raises 2026 Outlook on Growth in Net Income & FFO – – Same Property NOI Growth Accelerates –
JERICHO, N.Y., Oct. 29, 2026 (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, 2026. For the three months ended September 30, 2026 and 2025, Net income available to the company’s common shareholders (“Net income”) per diluted share was $0.41 and $0.19, respectively.
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