Kimco Realty Corporation (KIM) Earnings Call Transcripts

Kimco Realty Corporation's Latest Earnings Call - September 15, 2026

In the Q3 2026 earnings call for Kimco Realty Corporation (KIM:US), management highlighted a robust operating environment characterized by high occupancy rates and significant leasing momentum. Revenue for the quarter was reported at $500 million, with earnings per share (EPS) of $0.45, both inline with expectations. Management maintained its guidance for FFO growth of over 5% for the fiscal year, emphasizing a strong pipeline of signed leases that have yet to commence cash flow, which could enhance future earnings.

Reported metrics

Guidance from management

Management maintained its guidance for FFO growth of over 5% for the fiscal year, supported by a strong leasing pipeline and high occupancy rates.

What management said

Yes. I mean, we're doing everything we can to just drive FFO growth. So being able to take a piece of land that's not earning anything turn it to something that's earning under construction. And then at the end, selling it at a low cap rate to take those proceeds, redeploy them into a higher cap rate, higher-growth asset. Well, we're going to do it all day long. And we've gotten it now fully started where we've now r...

Yes. The carve-outs are very much landlord-friendly now. So instead of giving co-tenancy clauses, we're getting percentage rent, right? So like in essence, they're bear traps, they want you to step in are no longer there, and we're getting all the upside of the performance of the store. And you're continuing to look at other things as well. So for us, because our platform is very focused on highest and best use. And ...

What analysts pressed on

Analysts expressed concerns about potential macroeconomic headwinds affecting consumer spending and the overall retail environment. There were questions regarding the sustainability of high occupancy rates and the impact of rising interest rates on future growth.

Main topics on the call

• High Occupancy Rates — Kimco reported an all-time high occupancy rate of 93% for small shops, with anchor occupancy expected to improve as 28 grocery stores are under construction. Management stated, "We're still 110 basis points shy of our al...
• Leasing Momentum — Management noted that leasing momentum remains strong, with traffic counts up 3% year-over-year and a significant gap between physical and economic occupancy. They highlighted, "The amount of fitness players, off-price p...
• Ground Lease Dispositions — Kimco plans to continue selling low-growth ground leases to reinvest in higher-yielding assets, with $150 million expected from ground lease dispositions this year. Management indicated, "We can continue to do that on a ...
• Consumer Resilience — Management expressed confidence in consumer spending, stating, "We continue to be positively surprised by the resiliency of the consumer," which supports their grocery-anchored retail strategy. They noted that traffic re...

Read the full Kimco Realty Corporation transcript (September 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 53 Kimco Realty Corporation earnings call transcripts on record, spanning January 30, 2020 to September 15, 2026. Based on this history, Kimco Realty Corporation reports quarterly. The most recent call on file is dated September 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KIM

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Retail REITs

Calls on record

53

First call

January 30, 2020

Most recent

September 15, 2026

Reporting cadence

quarterly