Analyst Consensus ?
ConsensusHold36 ratings
Bullish1438.9%
Neutral2261.1%
Bearish00.0%
Kimco Realty Corporation · KIM · FY2026 Q1 · Calendar Q2 2026
Kimco Realty Q1 2026: Record SNO Pipeline, Raised Guidance, 4.5% FFO Growth
Kimco Realty's Q1 2026 results reinforced the company's narrative of durable, supply-constrained open-air retail strength. FFO per diluted share grew 4.5% year over year to $0.46, supported by robust leasing activity, minimal credit loss, and a record signed-but-not-open (SNO) pipeline of $77 million in annual base rent. Management raised same-site NOI growth guidance and tightened the full-year FFO range, signaling confidence in near-term cash-flow visibility. The stock's modest post-earnings underperformance relative to the benchmark (approximately 1% abnormal move) contrasts with the subsequent 1.9% drift higher, suggesting the market gradually warmed to the improved outlook. The company continues to execute a disciplined capital-recycling strategy, selling lower-growth ground leases and reinvesting into higher-yielding acquisitions and structured investments, while maintaining a…
Reported Before market openNYSEReal Estate
$17.20B market cap
100quality score
Company context
Snapshot as of publicationKimco Realty Corporation (NYSE:KIM), headquartered in Jericho, N.Y., operates as a real estate investment trust (REIT). It stands as one of North America's preeminent publicly traded entities dedicated to the ownership and operation of open-air, grocery-anchored shopping centers and diverse mixed-use developments. With a substantial portfolio reported as of September 30, 2020, Kimco held interests in 400 properties across the U.S. These holdings collectively encompass 70 million square feet of gross leasable area, predominantly situated within America's top metropolitan markets. Having traded publicly on the New York Stock Exchange since 1991 and recognized as a constituent of the S&P 500 Index, the company boasts over six decades of expertise. This extensive experience spans the acquisition, development, and ongoing management of shopping centers.
Earnings scorecard
Reported versus consensus
Reported EPS
$0.23
Consensus $0
EPS surprise
+19.4%
Reported versus consensus
Reported revenue
$552.8M
Consensus $542.7M
Revenue surprise
+1.9%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$25.51Previous close
$20Low
$24.67Average
$29High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 23, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 21, 2026 |
| UBS | Buy | Buy | Maintain | Jul 9, 2026 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jun 22, 2026 |
| Truist Securities | Hold | Hold | Maintain | May 28, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 19, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 12, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | May 1, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Apr 16, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Mar 5, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Dec 3, 2025 |
| Argus Research | Buy | Buy | Maintain | Dec 1, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Aug 20, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | May 5, 2025 |
| Baird | Outperform | Outperform | Maintain | Nov 12, 2024 |
| Goldman Sachs | Neutral | Neutral | Maintain | Sep 12, 2024 |
| Compass Point | Buy | Buy | Maintain | Sep 10, 2024 |
| B of A Securities | Neutral | Buy | Downgrade | Apr 5, 2024 |
| Jefferies | Buy | Buy | Maintain | Mar 7, 2024 |
| Stifel | Buy | Buy | Maintain | Nov 29, 2023 |
| Credit Suisse | Neutral | Outperform | Downgrade | Jan 9, 2023 |
| Deutsche Bank | Hold | Hold | Maintain | Oct 7, 2022 |
| Capital One | Overweight | Equal Weight | Upgrade | Aug 2, 2021 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Jun 15, 2020 |
| Capital One Financial | Equal Weight | Overweight | Downgrade | Oct 23, 2019 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Aug 22, 2019 |
| Bank of America | Buy | Neutral | Upgrade | Jun 11, 2019 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| BMO Capital | Perform | Market Perform | Maintain | Sep 12, 2017 |
| BTIG Research | Buy | Buy | Maintain | Aug 25, 2016 |
| Boenning & Scattergood | Neutral | Neutral | Maintain | Jun 28, 2016 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jan 5, 2015 |
| McNicoll Lewis Vlak | Hold | Hold | Maintain | Nov 18, 2013 |
| Imperial Capital | In Line | In Line | Maintain | Oct 31, 2013 |
| Janney Capital | Neutral | Neutral | Maintain | Sep 10, 2013 |
| ISI Group | Hold | Hold | Maintain | Oct 31, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $25.51. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Jamie Feldman | $26 | $26.13 | +1.9% | Jul 23, 2026 |
| UBS | Michael Goldsmith | $29 | $24.97 | +13.7% | Jul 9, 2026 |
| Raymond James | Analyst unavailable | $29 | $25.76 | +13.7% | Jun 29, 2026 |
| Wolfe Research | Analyst unavailable | $28 | $24.38 | +9.8% | Jun 22, 2026 |
| Stifel Nicolaus | Analyst unavailable | $28 | $25.64 | +9.8% | Jun 11, 2026 |
| Truist Financial | Michael Lewis | $25 | $24.25 | -2.0% | May 28, 2026 |
| Scotiabank | Analyst unavailable | $25 | $23.37 | -2.0% | May 19, 2026 |
| Barclays | Analyst unavailable | $28 | $23.47 | +9.8% | May 12, 2026 |
| Evercore ISI | Analyst unavailable | $25 | $23.54 | -2.0% | May 1, 2026 |
| Robert W. Baird | Analyst unavailable | $25 | $22.64 | -2.0% | Feb 13, 2026 |
| Evercore ISI | Analyst unavailable | $24 | $22.64 | -5.9% | Feb 13, 2026 |
| Stifel Nicolaus | Simon Yarmak | $25.75 | $22.76 | +0.9% | Feb 12, 2026 |
| Barclays | Richard Hightower | $25 | $20.4 | -2.0% | Jan 13, 2026 |
| Mizuho Securities | Analyst unavailable | $21 | $20.62 | -17.7% | Jan 9, 2026 |
| UBS | Analyst unavailable | $26 | $20.31 | +1.9% | Jan 8, 2026 |
| Morgan Stanley | Analyst unavailable | $23.5 | $20.08 | -7.9% | Jan 5, 2026 |
| Wells Fargo | Cooper Clark | $21 | $20.16 | -17.7% | Dec 15, 2025 |
| Piper Sandler | Alexander Goldfarb | $26 | $20.4 | +1.9% | Nov 21, 2025 |
| Barclays | Richard Hightower | $27 | $21.47 | +5.8% | Oct 6, 2025 |
| Evercore ISI | Steve Sakwa | $23 | $22.4 | -9.8% | Sep 8, 2025 |
| Piper Sandler | Alexander Goldfarb | $28 | $20.72 | +9.8% | May 5, 2025 |
| Wells Fargo | Dori Kesten | $23 | $21.21 | -9.8% | Mar 26, 2025 |
| Compass Point | Floris van Dijkum | $28 | $23.29 | +9.8% | Sep 10, 2024 |
| Citigroup | Michael Bilerman | $24 | $23.35 | -5.9% | Sep 4, 2024 |
| Evercore ISI | Steve Sakwa | $22 | $23.16 | -13.8% | Aug 28, 2024 |
| Wells Fargo | Dori Kesten | $24 | $23.16 | -5.9% | Aug 28, 2024 |
| Scotiabank | Greg McGinnis | $23 | $23.33 | -9.8% | Aug 26, 2024 |
| Raymond James | Strong Buy | $25 | $22.27 | -2.0% | Aug 16, 2024 |
| Deutsche Bank | Omotayo Okusanya | $20 | $18.57 | -21.6% | May 24, 2024 |
| Truist Financial | Ki Bin Kim | $22 | $18.91 | -13.8% | May 21, 2024 |
| Robert W. Baird | Wesley Golladay | $21 | $18.76 | -17.7% | Apr 4, 2024 |
| Morgan Stanley | Analyst unavailable | $24 | $21.49 | -5.9% | Aug 29, 2022 |
| Mizuho Securities | Analyst unavailable | $25 | $23.81 | -2.0% | Aug 16, 2022 |
| Barclays | Anthony Powell | $26 | $21.24 | +1.9% | Jul 27, 2022 |
| UBS | Analyst unavailable | $24 | $21.49 | -5.9% | Jul 25, 2022 |
| Mizuho Securities | Analyst unavailable | $23 | $21.41 | -9.8% | Jul 21, 2022 |
| Morgan Stanley | Analyst unavailable | $22 | $20 | -13.8% | Jul 15, 2022 |
| Jefferies | Analyst unavailable | $23 | $19.77 | -9.8% | Jun 30, 2022 |
| Credit Suisse | Tayo Okusanya | $22 | $19.02 | -13.8% | Jun 22, 2022 |
| Morgan Stanley | Analyst unavailable | $25 | $23.04 | -2.0% | May 13, 2022 |
| Barclays | Analyst unavailable | $30 | $25.52 | +17.6% | May 2, 2022 |
| Truist Financial | Ki Bin Kim | $27 | $22.78 | +5.8% | Dec 10, 2021 |
| Citigroup | Michael Bilerman | $28 | $22.78 | +9.8% | Dec 2, 2021 |
| Stifel Nicolaus | Simon Yarmak | $27 | $23.77 | +5.8% | Nov 22, 2021 |
| Barclays | Anthony Powell | $29 | $23.47 | +13.7% | Nov 17, 2021 |
| Capital One Financial | Chris Lucas | $26 | $20.8 | +1.9% | Aug 2, 2021 |
| UBS | Michael Goldsmith | $25 | $21.5 | -2.0% | Jun 3, 2021 |
| Wells Fargo | Tammi Fique | $22.5 | $20.33 | -11.8% | May 27, 2021 |
Track every rating change on KIM the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
0.0%
Event window
SPY move
+1.0%
Same window
Abnormal move
-1.0%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+1.9%
Up to 20 sessions
KIMSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Q1 2026 FFO per diluted share rose to $0.46, up 4.5% YoY; reported EPS of $0.23 beat the $0.19 consensus by 19.4%. Revenue of $552.8M exceeded the $542.7M estimate by 1.9%. The SNO pipeline reached an all-time high of $77M in annual base rent. Leasing delivered 576 deals totaling 4.4M sq ft with new lease spreads of 23.8% and blended spreads of 11.3%. Average new lease rent hit a record $29/sq ft. Occupancy held at 96.3%. Management raised same-site NOI growth guidance and tightened the full-year FFO range. Capital recycling continued with ground-lease sales and a $2.2B liquidity position.
Guidance delta
Management raised guidance from the prior quarter's maintained stance. Same-site NOI growth expectations were increased and the full-year FFO range was tightened, reflecting higher confidence in near-term earnings visibility driven by the record SNO pipeline and grocery-anchored redevelopment momentum. Prior-quarter guidance had projected 2.3-4.5% FFO growth and 2.5-3.5% same-site NOI growth for full-year 2026.
Key takeaways
- Q1 2026 FFO of $0.46/share grew 4.5% YoY, driven by higher minimum rents and low credit loss
- Record SNO pipeline of $77M in annual base rent provides strong cash-flow visibility
- Leasing activity remained robust with 576 deals and 4.4M sq ft at new lease spreads of 23.8%
- Management raised same-site NOI guidance and tightened the full-year FFO range
- $2.2B liquidity position supports continued capital recycling and selective acquisitions
Management priorities
- Accelerate SNO lease commencements, especially in the second half of 2026
- Complete 15 grocery-anchor redevelopment projects
- Continue capital-light multifamily activation and joint-venture projects
- Pursue selective acquisitions and structured investments with ROFO/ROFR rights
- Maintain disciplined capital recycling from low-growth ground leases into higher-yield assets
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 · 2026-07-31T05:31:18.723174+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T05:31:18.720482+00:00
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.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
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 . For educational purposes only; not investment advice.