KIM · 8-K · 20260804PR331498
Operating Expense Trends
KIMCO REALTY CORP · 2026-08-04 · Importance 38 · Surprise 14 · No source text
Second-quarter total operating expenses decreased 0.6% year-over-year to $356.0 million from $358.3 million. Real estate taxes increased $4.7 million to $71.2 million and operating and maintenance expense increased $4.1 million to $95.1 million. General and administrative expense declined $2.5 million to $29.9 million, while depreciation and amortization declined $7.3 million to $149.0 million. Consolidated general and administrative expense for the first six months was $67.1 million, and the full-year outlook remains unchanged at $128 million to $132 million.
Key facts
- Year-to-date consolidated interest expense and preferred stock dividends was $182 million and full year outlook was lowered to $368 to $372 million (previous $369 to $376 million). source
- Year-to-date credit loss as a % of total pro-rata rental revenues through 6.30.26 was (54bps) and the company current full year assumption is (55bps) to (75bps) (previous (65bps) to (90bps)). source
- Year-to-date consolidated G&A expense, net was $67 million and full year outlook remains unchanged at $128 to $132 million. source
- Credit loss as a percentage of total pro-rata rental revenues was 57 basis points during the second quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | probable | -17.2% | Year-to-date consolidated interest expense and preferred stock dividends was $182 million and full year outlook was lowered to $368 to… |
| net_income | negative | probable | -5.8% | Year-to-date consolidated G&A expense, net was $67 million and full year outlook remains unchanged at $128 to $132 million. |
| revenue | negative | probable | — | Year-to-date credit loss as a % of total pro-rata rental revenues through 6.30.26 was (54bps) and the company current full year assumption… |