KIM · 8-K · 20260804PR331498
Revenue Performance and Mix
KIMCO REALTY CORP · 2026-08-04 · Importance 42 · Surprise 14 · No source text
Second-quarter total revenue increased 4.9% year-over-year to $550.8 million from $525.2 million, including a $25.5 million increase in net rental-property revenue to $546.4 million. Net income available to common shareholders declined to $145.8 million from $155.4 million because the $37.6 million decrease in property-sale gains more than offset revenue growth and an $8.5 million increase in equity income from joint ventures. FFO increased 4.5% to $309.2 million, or $0.46 per diluted share, from $297.6 million, or $0.44 per share.
Key facts
- Year-to-date non-cash GAAP revenues were $35 million and the company’s current full year outlook for non-cash GAAP revenues is $48 to $53 million (previous $45 to $50 million). source
- Year-to-date consolidated mortgage and other financing income, net was $24 million and full year outlook is $45 to $50 million (previous $45 to $55 million). source
- FFO for the second quarter of 2026 was $309.2 million, compared to $297.6 million for the second quarter of 2025. source
- Total revenues for the three months ended June 30, 2026 were $550,801 thousand compared to $525,175 thousand for the three months ended June 30, 2025. source
- Net income for the second quarter of 2026 was $145.8 million, or $0.22 per diluted share, compared to $155.4 million, or $0.23 per diluted share, for the second quarter of 2025. source
- As of June 30, 2026, the company owned interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space. source
- Year-to-date lease termination income was $5 million and prior guidance for lease termination income was $7 to $15 million. source
- Net income available to the company’s common shareholders per diluted share for the three months ended June 30, 2026 was $0.22. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +4.7% | Total revenues for the three months ended June 30, 2026 were $550,801 thousand compared to $525,175 thousand for the three months ended… |
| net_income | positive | probable | +2.1% | Year-to-date consolidated mortgage and other financing income, net was $24 million and full year outlook is $45 to $50 million (previous… |
| net_income | positive | realized | +2.1% | FFO for the second quarter of 2026 was $309.2 million, compared to $297.6 million for the second quarter of 2025. |
| revenue | positive | probable | +1.4% | Year-to-date non-cash GAAP revenues were $35 million and the company’s current full year outlook for non-cash GAAP revenues is $48 to $53… |