Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Kimco Realty's second quarter was marked by solid top-line growth as rental revenue rose $25.5 million year-over-year, fueled by leasing activity and recent acquisitions. However, net income available to common shareholders declined 6% to $145.8 million, as higher real estate taxes, maintenance costs, and lower property sale gains offset the revenue increase. Year-to-date operating cash flow jumped 11.2%, showcasing the portfolio's strong cash generation. The company accelerated redevelopment spending to $109.7 million in the first half, up from $60.1 million a year ago, signaling confidence in long-term asset value but also adding near-term capital demands.
Revenue
$550.8M
+4.88% YoY
Operating Income
$196.14M
-4.70% YoY
Source: SEC XBRL
Kimco Realty (KIM) reported Q2 FY2026 revenue of $550.8M, up 4.9% year over year. Operating margin was 35.6%, down 3.6 points from 39.2% a year earlier. KIM's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Mar 2026 | 0.23 | 0.19 | Beat +18.3% |
| Dec 2025 | 0.21 | 0.18 | Beat +16.9% |
| Sep 2025 | 0.19 | 0.18 | Beat +8.3% |
| Jun 2025 | 0.23 | 0.17 | Beat +34.0% |
Compiled by AI from 10-Q Item 2 of this filing
Rental revenue increased $25.5 million for Q2, primarily from a $20.6 million boost from leasing activity and net portfolio growth, plus $2.8 million from 2025 acquisitions, partially offset by $1.6 million from dispositions and a $1.1 million decline in lease termination fees.
Source: 10-Q Item 2 MD&A
Real estate taxes rose $4.7 million and operating and maintenance expenses increased $4.1 million in Q2, largely due to higher assessed values and a $3.2 million spike in snow removal costs.
Source: 10-Q Item 2 MD&A
The company recognized a $5.6 million impairment on a preferred stock investment after the investee filed for bankruptcy, plus $1.1 million in property carrying value adjustments.
Source: 10-Q Item 2 MD&A
Capital expenditures on redevelopment and renovations surged to $109.7 million in H1 FY2026, up from $60.1 million a year earlier, with an additional $125–175 million planned for the remainder of the year.
Source: 10-Q Item 2 MD&A
The company returned $471 million to shareholders via dividends ($365.8 million) and stock buybacks ($105.2 million) in H1 2026, while raising $600 million through exchangeable senior notes and establishing a $750 million commercial paper program.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 0 high, 4 medium, 1 low
Real estate taxes increased 7.0% and operating and maintenance costs rose 4.5% in Q2 YoY, compressing operating margins. Persistent inflation could further pressure profitability and property net operating income.
Source: 10-Q Income Statement (XBRL)
The company recorded a $5.6 million impairment on a preferred stock investment due to a bankruptcy, and additional charges of $1.1 million on property values, signaling vulnerability in its investment portfolio if economic conditions worsen.
Source: 10-Q Item 2 MD&A
Approximately $773.4 million of consolidated debt matures in the remainder of 2026, with floating‑rate debt of $17.2 million. Rising rates or capital market disruptions could increase refinancing costs or limit access to credit.
Source: 10-Q Item 2 MD&A
The company paid $365.8 million in dividends and repurchased $105.2 million of stock in H1 2026. A decline in operating cash flow could strain the ability to maintain these payouts at current levels.
Source: 10-Q Item 2 MD&A
The top five tenants contribute 11.0% of annualized base rental revenue, and the company cited tenant bankruptcies and credit loss adjustments. A default by a major tenant like Albertsons or TJX could materially reduce rental income.
Source: 10-Q Item 2 MD&A
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 550.80 $M | 525.18 $M | +4.88% |
Operating Income $M | 196.14 $M | 205.81 $M | -4.70% |
Net Income $M | 153.29 $M | 162.99 $M | -5.95% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
Kimco Realty (KIM) delivered strong Q1 2026 results with revenue up 4.0% YoY to $558.0M, net income surging 24.2% to $164.9M, and operating margin expanding 360 bps to 37.2%, reflecting solid operational execution across its open-air shopping center portfolio.
Kimco Realty (KIM) delivered strong FY2025 results with revenue up 5.1% to $2.14B, net income surging 55.6% to $584.7M, and operating margin expanding over 5 percentage points to 36.0%, while the company reduced long-term debt and maintained robust operating cash flow of $1.12B.
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