Kimco Realty Q2 2026: FFO up 4.5%, dividend raised 12%, 2026 outlook lifted
Kimco delivered a solid quarter: revenue rose 4.9% to $550.80 million and FFO per share grew 4.5% to $0.46, with occupancy at a record 96.4%. The wobble is GAAP: net income fell year over year because property-sale gains shrank, and the $0.22 EPS figure now carries far less weight than the $0.46 FFO number. Read the dividend hike and the raised outlook as the real signals.
1 · Expected vs. Actual
Free preview belowGAAP diluted earnings were $0.22, down from $0.23 a year ago, and the $0.199 consensus estimate was cleared by about $0.021 per share. The more telling number for a REIT is FFO per diluted share of $0.46 versus $0.44, a 4.5% increase, with FFO dollars rising to $309.17 million from $297.56 million. The GAAP decline is explained by lower gains on property sales, which FFO excludes by design.
Total revenue came in at $550.80 million, up 4.9% from $525.18 million a year earlier. Almost all of it was rent: revenues from rental properties, net, were $546.42 million versus $520.93 million, while management and other fee income was roughly flat at $4.38 million. That is steady, rent-driven growth, not a one-off bump.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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