Kimco Q3 2026: FFO up 6.8%, record occupancy, guidance raised
Kimco posted a clean operating quarter: FFO per share rose 6.8% to $0.47, portfolio occupancy hit a record 96.6%, and management raised full-year guidance toward a third straight year of above-5% FFO growth. The $0.41 GAAP figure looks like a blowout against the $0.21 consensus, but most of that jump came from property-sale gains, not rent. Read the scorecard through FFO, then check guidance and the balance sheet.
1 · Expected vs. Actual
Free preview belowGAAP earnings of $0.41 per diluted share beat the $0.21 consensus, but $122.4 million of the year-over-year increase came from gains on property sales, net of impairments. Strip those out and FFO per diluted share was $0.47, up 6.8% from $0.44. For a REIT, FFO is the number to anchor on — the GAAP beat is mostly accounting for asset sales, not a rent windfall.
Revenue rose 1.9% to $546.1 million from $535.9 million a year earlier. That is a modest top line for a quarter with record occupancy, because Kimco keeps selling lower-growth assets — The Witmer and four Costco-anchored properties — and recycling the cash into buybacks and grocery-anchored centers. Same property NOI, which strips out those deals, grew 4.9%, so the core portfolio is running hotter than the headline suggests.
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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 2026-11-03
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