KIM · 8-K · 20260804PR331498

Occupancy and Leasing Activity

KIMCO REALTY CORP · 2026-08-04 · Importance 25 · Surprise 32 · In source text

Kimco executed 461 leases covering 2.5 million square feet during the second quarter, producing a 13.1% blended pro-rata cash rent spread on comparable spaces. New leases generated a 40.4% cash rent spread, while renewals generated 6.1% and options generated 8.0%. Pro-rata leased occupancy reached 96.4%, up 100 basis points year-over-year, and small-shop occupancy reached a record 92.9%, up 70 basis points year-over-year. Anchor occupancy increased 110 basis points year-over-year to 97.8%, while signed but not yet commenced leases represented $75 million of future rent.

Key facts

• The spread between pro-rata leased versus economic occupancy rates was 400 basis points, representing $75 million in future rents from signed leases not yet commenced. source
• Executed 461 leases totaling 2.5 million square feet during the second quarter. source
• Pro-rata leased occupancy increased 10 basis points sequentially and 100 basis points year-over-year to 96.4%. source
• Small shop occupancy increased 40 basis points sequentially and 70 basis points year-over-year to 92.9%. source
• Pro-rata anchor occupancy increased 110 basis points year-over-year to 97.8%. source

Impact estimates