Kimco Realty Corporation · KIM-PL · FY2026 Q1 · Calendar Q2 2026
Kimco’s leasing pipeline supports a tighter 2026 outlook
Kimco’s Q1 results and operating indicators support a constructive outlook: strong leasing, a record signed-but-not-open pipeline and balance-sheet capacity underpin the tighter 2026 guidance. Execution, refinancing and credit-loss assumptions remain important watchpoints.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management tightened 2026 FFO and same-site NOI guidance upward. The quarter also highlighted a record signed-but-not-open pipeline, record new-lease rent levels and continued grocery-anchored redevelopment activity.
Guidance delta
Guidance was tightened upward to $1.81–$1.84 per share of 2026 FFO, with same-site NOI growth also revised upward.
Key takeaways
- Q1 FFO grew 4.5% year over year, with strong occupancy and lease-spread performance.
- The signed-but-not-open pipeline reached $77 million of annual base rent, providing a visible source of prospective cash flow.
- New lease rent averaged $29 per square foot, the highest level reported by Kimco.
- Capital recycling, redevelopment and multifamily activation remain central to the growth plan.
Management priorities
- Accelerate the signed-but-not-open pipeline toward commencements.
- Execute grocery-anchored redevelopment and lifestyle leasing projects.
- Continue capital recycling, including ground-lease dispositions and 1031 exchanges.
- Pursue selective acquisitions, structured investments and multifamily activations.
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Try FN2 freeEarnings History
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Oct 16, 2023 |
| Stifel | Buy | Buy | Maintain | Oct 2, 2023 |
| Wells Fargo | Equal Weight | Underweight | Upgrade | Sep 19, 2023 |
| Mizuho | Buy | Neutral | Upgrade | Sep 17, 2023 |
| Compass Point | Buy | Neutral | Upgrade | Aug 28, 2023 |
| Goldman Sachs | Neutral | Buy | Downgrade | Aug 15, 2023 |
| UBS | Buy | Buy | Maintain | Jul 12, 2023 |
| Argus Research | Buy | Buy | Maintain | May 21, 2023 |
| Barclays | Overweight | Overweight | Maintain | Apr 25, 2023 |
| Credit Suisse | Neutral | Outperform | Downgrade | Jan 8, 2023 |
| Evercore ISI Group | In Line | Outperform | Downgrade | Nov 20, 2022 |
| Piper Sandler | Overweight | Overweight | Maintain | Oct 6, 2022 |
| Deutsche Bank | Hold | Hold | Maintain | Oct 6, 2022 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 28, 2022 |
| Jefferies | Buy | Buy | Maintain | Jun 29, 2022 |
| Citigroup | Buy | Buy | Maintain | Dec 1, 2021 |
| Wolfe Research | Perform | Peer Perform | Maintain | Sep 23, 2021 |
| Capital One | Overweight | Equal Weight | Upgrade | Aug 1, 2021 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Jun 14, 2020 |
| JP Morgan | Overweight | Overweight | Maintain | May 31, 2020 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Aug 21, 2019 |
| B of A Securities | Buy | Neutral | Upgrade | Jun 10, 2019 |
| Raymond James | Market Perform | Outperform | Downgrade | May 27, 2019 |
| Baird | Neutral | Outperform | Downgrade | Nov 26, 2017 |
| Imperial Capital | In Line | In Line | Maintain | Oct 30, 2013 |
| ISI Group | Hold | Hold | Maintain | Oct 30, 2012 |
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Start freeCompany context
Snapshot as of publicationKimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America's largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. As of September 30, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years.
Historical context
All KIM-PL earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GLPI Gaming and Leisure Properties, Inc. | FY2026 Q3 · Calendar Q4 2026 | -11.5% | -1.3% | GLPI Keeps Guidance, Advances Development Despite Bally’s Risks |
| FRT Federal Realty Investment Trust | FY2026 Q3 · Calendar Q4 2026 | +3.9% | -1.1% | Federal Realty raises 2026 FFO outlook as leasing stays strong |
| WY Weyerhaeuser Company | FY2026 Q3 · Calendar Q4 2026 | +128.3% | +3.0% | Weyerhaeuser: Timberlands Strengthen as Growth Projects Advance |
| DLR-PL Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty raises guidance as AI demand lifts leasing and backlog |
| DLR-PK Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty Q3: Record Leasing and Higher FFO Guidance |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the KIM-PL recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.