Analyst Consensus ?
ConsensusHold36 ratings
Bullish1438.9%
Neutral2261.1%
Bearish00.0%
Kimco Realty Corporation · KIM · FY2026 Q2 · Calendar Q3 2026
Kimco raises FY2026 FFO outlook as leasing and occupancy stay strong
Kimco's Q2 analysis supports a constructive operating view: management linked growth to higher rents, tenant demand, capital recycling and operating efficiencies. The thesis is balanced by occupancy execution, financing costs, acquisition capital intensity and the near-term preferred-stock charge.
Reported Before market openNYSEReal Estate
$15.19B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.22
Consensus $0.20
EPS surprise
+12.1%
Reported versus consensus
Reported revenue
$546.4M
Consensus $543.8M
Revenue surprise
+0.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.6%
Event window
SPY move
+1.8%
Same window
Abnormal move
-3.4%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
-3.6%
Up to 20 sessions
KIMSPY benchmark
Ask FN2 about KIM FY2026 Q2
Transcript, numbers and history already loaded
Why did KIM fall 1.6% after beating EPS estimates in FY2026 Q2?What changed in KIM's guidance and outlook in FY2026 Q2?Give me the bull and bear case for KIM after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, Kimco reported continued FFO growth and strong occupancy, raised the lower end of its FY2026 FFO outlook, increased the dividend by 12%, and introduced the national One Kimco operating model. The company also highlighted two Florida grocery-anchored acquisitions and the first full-cycle monetization of a mixed-use multifamily asset.
Guidance delta
Management raised the lower end of its FY2026 FFO outlook and increased the quarterly dividend by 12%.
Key takeaways
- Q2 FFO per diluted share rose 4.5% year over year to $0.46.
- Overall occupancy reached 96.4%, while small-shop occupancy reached 92.9%.
- Management highlighted grocery-anchored acquisitions, capital recycling and mixed-use asset monetization.
- The new One Kimco model adds unified data and AI tools to leasing and portfolio operations.
Management priorities
- Continue acquiring grocery-anchored centers through the structured investment program.
- Recycle lower-growth assets into higher-growth opportunities.
- Scale the One Kimco operating model and its AI and data platform.
- Monetize remaining mixed-use components in phases.
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Beat
Miss
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Analyst 52W Price Targets
$22.55Current
$20Low
$24.77Average
$29High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 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 |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Aug 25, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 10, 2026 |
| 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 |
| 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 current price $22.55. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Caitlin Burrows | $28 | $23.95 | +24.2% | Aug 11, 2026 |
| Wells Fargo | Jamie Feldman | $26 | $26.13 | +15.3% | Jul 23, 2026 |
| UBS | Michael Goldsmith | $29 | $24.97 | +28.6% | Jul 9, 2026 |
| Raymond James | Analyst unavailable | $29 | $25.76 | +28.6% | Jun 29, 2026 |
| Wolfe Research | Analyst unavailable | $28 | $24.38 | +24.2% | Jun 22, 2026 |
| Stifel Nicolaus | Analyst unavailable | $28 | $25.64 | +24.2% | Jun 11, 2026 |
| Truist Financial | Michael Lewis | $25 | $24.25 | +10.9% | May 28, 2026 |
| Scotiabank | Analyst unavailable | $25 | $23.37 | +10.9% | May 19, 2026 |
| Barclays | Analyst unavailable | $28 | $23.47 | +24.2% | May 12, 2026 |
| Evercore ISI | Analyst unavailable | $25 | $23.54 | +10.9% | May 1, 2026 |
| Robert W. Baird | Analyst unavailable | $25 | $22.64 | +10.9% | Feb 13, 2026 |
| Evercore ISI | Analyst unavailable | $24 | $22.64 | +6.4% | Feb 13, 2026 |
| Stifel Nicolaus | Simon Yarmak | $25.75 | $22.76 | +14.2% | Feb 12, 2026 |
| Barclays | Richard Hightower | $25 | $20.4 | +10.9% | Jan 13, 2026 |
| Mizuho Securities | Analyst unavailable | $21 | $20.62 | -6.9% | Jan 9, 2026 |
| UBS | Analyst unavailable | $26 | $20.31 | +15.3% | Jan 8, 2026 |
| Morgan Stanley | Analyst unavailable | $23.5 | $20.08 | +4.2% | Jan 5, 2026 |
| Wells Fargo | Cooper Clark | $21 | $20.16 | -6.9% | Dec 15, 2025 |
| Piper Sandler | Alexander Goldfarb | $26 | $20.4 | +15.3% | Nov 21, 2025 |
| Barclays | Richard Hightower | $27 | $21.47 | +19.7% | Oct 6, 2025 |
| Evercore ISI | Steve Sakwa | $23 | $22.4 | +2.0% | Sep 8, 2025 |
| Piper Sandler | Alexander Goldfarb | $28 | $20.72 | +24.2% | May 5, 2025 |
| Wells Fargo | Dori Kesten | $23 | $21.21 | +2.0% | Mar 26, 2025 |
| Compass Point | Floris van Dijkum | $28 | $23.29 | +24.2% | Sep 10, 2024 |
| Citigroup | Michael Bilerman | $24 | $23.35 | +6.4% | Sep 4, 2024 |
| Evercore ISI | Steve Sakwa | $22 | $23.16 | -2.4% | Aug 28, 2024 |
| Wells Fargo | Dori Kesten | $24 | $23.16 | +6.4% | Aug 28, 2024 |
| Scotiabank | Greg McGinnis | $23 | $23.33 | +2.0% | Aug 26, 2024 |
| Raymond James | Strong Buy | $25 | $22.27 | +10.9% | Aug 16, 2024 |
| Deutsche Bank | Omotayo Okusanya | $20 | $18.57 | -11.3% | May 24, 2024 |
| Truist Financial | Ki Bin Kim | $22 | $18.91 | -2.4% | May 21, 2024 |
| Robert W. Baird | Wesley Golladay | $21 | $18.76 | -6.9% | Apr 4, 2024 |
| Morgan Stanley | Analyst unavailable | $24 | $21.49 | +6.4% | Aug 29, 2022 |
| Mizuho Securities | Analyst unavailable | $25 | $23.81 | +10.9% | Aug 16, 2022 |
| Barclays | Anthony Powell | $26 | $21.24 | +15.3% | Jul 27, 2022 |
| UBS | Analyst unavailable | $24 | $21.49 | +6.4% | Jul 25, 2022 |
| Mizuho Securities | Analyst unavailable | $23 | $21.41 | +2.0% | Jul 21, 2022 |
| Morgan Stanley | Analyst unavailable | $22 | $20 | -2.4% | Jul 15, 2022 |
| Jefferies | Analyst unavailable | $23 | $19.77 | +2.0% | Jun 30, 2022 |
| Credit Suisse | Tayo Okusanya | $22 | $19.02 | -2.4% | Jun 22, 2022 |
| Morgan Stanley | Analyst unavailable | $25 | $23.04 | +10.9% | May 13, 2022 |
| Barclays | Analyst unavailable | $30 | $25.52 | +33.0% | May 2, 2022 |
| Truist Financial | Ki Bin Kim | $27 | $22.78 | +19.7% | Dec 10, 2021 |
| Citigroup | Michael Bilerman | $28 | $22.78 | +24.2% | Dec 2, 2021 |
| Stifel Nicolaus | Simon Yarmak | $27 | $23.77 | +19.7% | Nov 22, 2021 |
| Barclays | Anthony Powell | $29 | $23.47 | +28.6% | Nov 17, 2021 |
| Capital One Financial | Chris Lucas | $26 | $20.8 | +15.3% | Aug 2, 2021 |
| UBS | Michael Goldsmith | $25 | $21.5 | +10.9% | Jun 3, 2021 |
| Wells Fargo | Tammi Fique | $22.5 | $20.33 | -0.2% | May 27, 2021 |
Track every rating change on KIM the moment it posts. Free to start.
Start freeCompany 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.
Historical context
All KIM earningsLatest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-04T21:10:56.151806+00:00
- FN2 earnings calendar · 2026-09-09T01:23:14.388487+00:00
- Polygon adjusted daily market bars · 2026-09-22T22:50:51.704224+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T22:50:51.701263+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 · As of 2026-09-22. For educational purposes only; not investment advice.