KIM · 8-K · 20260804PR331498

Rental Rate / Leasing Spreads

KIMCO REALTY CORP · 2026-08-04 · Importance 40 · Surprise 56

Comparable new leases generated pro-rata cash rent spreads of 40.4%, while renewal spreads were 6.1% and option spreads were 8.0%. The blended spread across comparable spaces was 13.1% for the quarter. Management attributed the leasing strength to limited new shopping-center supply, continued consumer demand for everyday essentials and strong shopper traffic across Kimco’s open-air portfolio.

Key facts

• Blended pro-rata cash rent spreads on comparable spaces during the second quarter were 13.1% overall. source
• Pro-rata cash rent spreads on new leases during the second quarter were 40.4%. source
• Pro-rata cash rent spreads on renewals during the second quarter were 6.1%. source
• Pro-rata cash rent spreads on options during the second quarter were 8.0%. source