--- title: "Kimco Realty Corp MD | 8-K: FY2026 Q2 Revenue: USD 550.8 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294810321.md" datetime: "2026-08-04T10:57:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294810321.md) - [en](https://longbridge.com/en/news/294810321.md) - [zh-HK](https://longbridge.com/zh-HK/news/294810321.md) generator: "portal-rs" --- # Kimco Realty Corp MD | 8-K: FY2026 Q2 Revenue: USD 550.8 M Revenue: As of FY2026 Q2, the actual value is USD 550.8 M. EPS: As of FY2026 Q2, the actual value is USD 0.22, beating the estimate of USD 0.1967. EBIT: As of FY2026 Q2, the actual value is USD 237.87 M. #### Second Quarter 2026 Financial Performance Net income available to Kimco Realty Corporation’s common shareholders for the second quarter of 2026 was $145.8 million, a decrease from $155.4 million in the second quarter of 2025, primarily due to lower gains on sales of properties by $37.6 million, despite growth in consolidated revenues from rental properties of $25.5 million and increased equity in income of joint ventures of $8.5 million. Funds From Operations (FFO) reached $309.2 million, up from $297.6 million in the prior year period. Kimco Realty Corporation reported a 3.5% growth in same property net operating income (NOI) year-over-year, driven by a 2.6% increase in minimum rents. Operating income for the quarter was $196.1 million, compared to $205.8 million in Q2 2025. Interest expense increased to $83.9 million from $81.2 million year-over-year. #### Operational Metrics Kimco Realty Corporation achieved an all-time high portfolio occupancy of 96.4%, an increase of 100 basis points year-over-year, and a record small-shop occupancy level of 92.9%, up 70 basis points year-over-year. Pro-rata anchor occupancy also grew by 110 basis points year-over-year to 97.8%. The company executed 461 leases totaling 2.5 million square feet, generating blended pro-rata cash rent spreads of 13.1% on comparable spaces, including 40.4% on new leases, 6.1% on renewals, and 8.0% on options. Credit loss as a percentage of total pro-rata rental revenues was 57 basis points. The spread between pro-rata leased versus economic occupancy rates was 400 basis points, representing $75 million in future rents from signed leases. #### Transactional Activities During the second quarter, Kimco Realty Corporation completed the sale of The Milton, a 253-unit multifamily building, for $142.3 million at a cap rate of approximately 4.9%, with the company’s pro-rata share of the sales price being $78.2 million. Shoppes at Bears Path was sold for $7.8 million. Subsequent to quarter end, four Costco-anchored assets were sold for approximately $127 million, and two centers were acquired using 1031 exchange proceeds: Pompano Marketplace for $53 million and Sunshine Plaza for $56 million. The Structured Investment Program received repayments of $44 million, partially offset by $19 million of new capital. #### Capital Market Activities Kimco Realty Corporation issued $600.0 million aggregate principal amount of 3.50% exchangeable senior notes due 2031 and repurchased approximately 4.1 million shares of common stock totaling $104.7 million. The company ended the quarter with $2.7 billion of immediate liquidity, including $700 million in cash, cash equivalents, and restricted cash, and full availability under its $2.0 billion unsecured revolving credit facility. Subsequent to quarter end, the company repurchased 516,750 shares of its 7.25% Class N Convertible Preferred Stock for $33.3 million, incurring an approximately $3.8 million charge to be recognized in the third quarter of 2026. #### Dividend Declaration The board of directors declared a cash dividend of $0.28 per common share, representing a 12.0% increase over the prior year’s corresponding period. #### Balance Sheet Highlights (as of June 30, 2026) Total assets were $20,030,952 thousand, an increase from $19,688,250 thousand as of December 31, 2025. Cash, cash equivalents and restricted cash significantly increased to $700,383 thousand from $212,794 thousand. Total liabilities stood at $9,607,911 thousand, up from $9,120,372 thousand, with notes payable, net, at $8,308,033 thousand. Total stockholders’ equity was $10,265,601 thousand. #### 2026 Full Year Outlook Kimco Realty Corporation raised its full-year 2026 outlook for Net income to a range of $1.00 to $1.03 per diluted share, up from the previous guidance of $0.83 to $0.87. FFO guidance was also increased to $1.83 to $1.84 per diluted share, from the prior range of $1.81 to $1.84. The company now anticipates same property NOI growth between +3.0% and +3.5%, and a credit loss as a percentage of total pro-rata rental revenues between -55 basis points and -75 basis points. ### Related Stocks - [KIM.US](https://longbridge.com/en/quote/KIM.US.md) ## Related News & Research - [Korea Investment CORP Makes New Investment in Kimco Realty Corporation $KIM](https://longbridge.com/en/news/296698359.md) - [Kimco Q2 FY26 net income per share slips 4.35% to $0.22; revenue from rental properties rises 4.89% to $546.42 million](https://longbridge.com/en/news/294809385.md) - [Skye Bio amends 8-K to set Aug. 24 effective date for reverse stock split](https://longbridge.com/en/news/296471274.md) - [Getty Realty amends 8-K to detail Eugene Shnayderman separation, including $300,000 cash payment](https://longbridge.com/en/news/296534890.md) - [Copart amends 8-K to disclose Jane Pocock president compensation package](https://longbridge.com/en/news/296397117.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**