Form 8-K

8-K — KIMCO REALTY CORP

Accession: 0001193125-26-436941

Filed: 2026-10-29

Period: 2026-10-29

CIK: 0000879101

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — kim-20261029.htm (Primary)

EX-99.1 (kim-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: kim-20261029.htm · Sequence: 1

8-K

00008791010001959472false0000879101us-gaap:CommonStockMember2026-10-292026-10-290000879101kim:DepositarySharesEachRepresentingOneThousandthOfAShareOf7250ClassNCumulativeConvertiblePreferredStock100ParValuePerShareMember2026-10-292026-10-290000879101kim:KimcoRealtyOPLLCMember2026-10-292026-10-2900008791012026-10-292026-10-290000879101kim:DepositarySharesEachRepresentingOneThousandthOfAShareOf5250ClassMCumulativeRedeemablePreferredStock100ParValuePerShareMember2026-10-292026-10-290000879101kim:DepositarySharesEachRepresentingOneThousandthOfAShareOf5125ClassLCumulativeRedeemablePreferredStock100ParValuePerShareMember2026-10-292026-10-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) October 29, 2026

KIMCO REALTY CORPORATION

KIMCO REALTY OP, LLC

(Exact Name of registrant as specified in its charter)

Maryland (Kimco Realty Corporation)

1-10899

13-2744380

Delaware (Kimco Realty OP, LLC)

333-269102-01

92-1489725

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

500 N. Broadway

Suite 201

Jericho, NY 11753

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (516) 869-9000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Kimco Realty Corporation

Title of each class

Trading Symbol(s)

Name of each exchange on

which registered

Common Stock, par value $.01 per share.

KIM

New York Stock Exchange

Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share.

KIMprL

New York Stock Exchange

Depositary Shares, each representing one-thousandth of a share of 5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par value per share.

KIMprM

New York Stock Exchange

Depositary Shares, each representing one-thousandth of a share of 7.250% Class N Cumulative Convertible, Preferred Stock, $1.00 par value per share.

KIMprN

New York Stock Exchange

Kimco Realty OP, LLC

Title of each class

Trading Symbol(s)

Name of each exchange on

which registered

None

N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

Kimco Realty Corporation Yes ☐ No ☒ Kimco Realty OP, LLC Yes ☐ No ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Kimco Realty Corporation ☐ Kimco Realty OP, LLC ☐

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2026, Kimco Realty Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 2.02 and in Exhibit 99.1 is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. The information in this Item 2.02 and in Exhibit 99.1 shall not be deemed to be incorporated by reference into any filing of the Company whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated October 29, 2026 issued by Kimco Realty Corporation

104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: October 29, 2026

KIMCO REALTY CORPORATION

By:

/s/ Glenn G. Cohen

Name:

Glenn G. Cohen

Title:

Chief Financial Officer

KIMCO REALTY OP, LLC

By: KIMCO REALTY CORPORATION, Managing Member

By:

/s/ Glenn G. Cohen

Name:

Glenn G. Cohen

Title:

Chief Financial Officer

EX-99.1

Filename: kim-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Kimco Realty® Announces Third Quarter 2026 Results

– Portfolio Occupancy Reaches All-time High –

– Raises 2026 Outlook on Growth in Net Income & FFO –

– Same Property NOI Growth Accelerates –

JERICHO, New York, October 29, 2026 - Kimco Realty® (NYSE: KIM), a real estate investment trust (“REIT”) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the third quarter ended September 30, 2026. For the three months ended September 30, 2026 and 2025, Net income available to the company’s common shareholders (“Net income”) per diluted share was $0.41 and $0.19, respectively.

Third Quarter Highlights

•

Delivered 6.8% growth in Funds From Operations* ("FFO") per diluted share to $0.47.

•

Reached record portfolio occupancy of 96.6%, while small-shop occupancy matched its all-time high of 92.9%.

•

Achieved pro-rata cash rent spreads of 31.5% on comparable new leases.

•

Grew same property net operating income* ("NOI") 4.9% year-over-year.

•

Completed the sale of The Witmer, a 440-unit multifamily building at Pentagon Centre, for $211.5 million.

•

Repurchased 6.3 million shares of common stock totaling $150 million and repurchased approximately $74 million of preferred stock.

"Our third quarter results reflect strong execution, with record occupancy, significant pricing power on new leases and further acceleration in same property NOI growth. During the quarter, we sold a multifamily property at approximately a 5% cap rate and redeployed the capital toward the repurchase of $150 million of our common stock at an implied cap rate in the mid-7% range, while continuing to recycle lower-growth ground leases into higher-growth grocery-anchored centers," said Conor Flynn, Kimco CEO. "We still see further opportunity to drive our results higher, including $76 million of annual base rent from leases signed but yet to commence. This positive momentum allowed us to again raise our full year guidance, which would mark the third consecutive year of FFO per share growth above 5%. We remain committed to growing earnings and creating long-term shareholder value."

Financial Results

Net income for the third quarter of 2026 was $272.5 million, or $0.41 per diluted share, compared to $130.2 million, or $0.19 per diluted share, for the third quarter of 2025. The year-over-year increase was primarily driven by $122.4 million more of gains on sales of properties, net of impairments.

FFO was $316.2 million, or $0.47 per diluted share, for the third quarter of 2026, compared to $300.3 million, or $0.44 per diluted share, for the third quarter of 2025. Gains on sales of properties, net of impairments, are excluded from the company's calculation of FFO.

Third Quarter 2026 Operating Results

•

Executed 444 leases totaling 2.7 million square feet, generating blended pro-rata cash rent spreads of 12% on comparable spaces, including 31.5% on new leases, 7.3% on renewals and 7.7% on options.

•

Record 96.6% pro-rata leased occupancy reflecting increases of 20 basis points sequentially and 90 basis points year-over-year.

•

Small-shop occupancy remained at a record 92.9%, representing an increase of 40 basis points year-over-year.

* Reconciliations of non-GAAP measures to the most directly comparable GAAP measure are provided in the tables accompanying this press release.

500 North Broadway, Suite 201 | Jericho, NY 11753 | (833) 800-4343 kimcorealty.com

•

Pro-rata anchor occupancy increased 40 basis points sequentially and 120 basis points year-over-year to 98.2%.

•

Generated 4.9% growth in same property NOI year-over-year, driven by a 3.2% increase in minimum rents. Credit loss, as a percentage of total pro-rata rental revenues, was 45 basis points during the quarter.

•

The spread between the company's pro-rata leased versus economic occupancy rates was 390 basis points, a 10 basis point sequential compression, representing $76 million in future rents from signed leases that have not yet commenced.

Transactional Activities

•

Sold The Witmer, a 440-unit multifamily building at the company's Pentagon Centre mixed-use property in Pentagon City, Virginia, for $211.5 million. The cap rate on this transaction was approximately 5.1%, and the company's pro-rata share of the sales price was $116.3 million.

•

Completed the sale of four Costco-anchored assets comprising two entire shopping center properties and two ground lease parcels, for aggregate sales price of approximately $127 million. The sale, which was previously announced, reflects Kimco's continued focus on optimizing portfolio growth by recycling capital from assets with lower contractual rent growth into higher-yielding investments. 1031 exchange proceeds were used to fund the acquisitions of two centers:

Pompano Marketplace, a 239,000-square-foot Walmart-anchored center, located in Pompano Beach, Florida, for $53 million, marking the third acquisition completed through the company's Structured Investment Program; the associated $35 million mezzanine loan was repaid in full at closing; and

Sunshine Plaza, a 241,000-square-foot Publix-anchored center, located in a first-ring suburb of Fort Lauderdale, Florida, for $56 million.

•

Sold three shopping centers and two land parcels for an aggregate sales price of $51.8 million, of which the company’s pro-rata share was $15.1 million.

•

Acquired the leasehold interest of BJ's Wholesale Club at Home Depot Plaza in North Haven, Connecticut, for $8.5 million.

•

Kimco’s Structured Investment Program received repayments of $114.6 million, inclusive of the Pompano Marketplace repayment, partially offset by $38.8 million of new capital deployed during the third quarter. Subsequently, the company made two new structured investments totaling $48.6 million. The company continues to secure rights of first offer or refusal on the underlying shopping centers.

Capital Market Activities

•

Repaid two unsecured notes in the aggregate principal amount of $266.0 million at a blended coupon of 3.45%.

•

Repurchased 753,707 depositary shares of the company’s 7.25% Class N Convertible Preferred Stock for $48.2 million, or an average of $64.00 per share. The company also repurchased 624,716 Class L depositary shares for $12.5 million and 654,969 depositary shares of its Class M Preferred Stock for $13.3 million, at average prices of $19.94 and $20.34 per share, respectively.

•

Repurchased 6.3 million shares of common stock at a weighted average price of $23.81 per share, including fees and commissions, for a total of $150 million.

•

Over $2.5 billion of immediate liquidity, including $545 million of cash, cash equivalents and restricted cash, and full availability under the company's $2.0 billion unsecured revolving credit facility at quarter end.

•

Subsequent to quarter end, repaid an unsecured note in the principal amount of $500 million with a coupon of 2.80%.

Dividend Declarations

•

The board of directors declared a cash dividend of $0.28 per common share (equivalent to $1.12 per annum), representing a 7.7% increase over the quarterly dividend in the corresponding period of the prior year. The quarterly

500 North Broadway, Suite 201 | Jericho, NY 11753 | (833) 800-4343 kimcorealty.com

cash dividend on common shares will be payable on December 18, 2026, to shareholders of record on December 4, 2026.

•

The board of directors also declared quarterly dividends with respect to each of the company’s Class L, Class M, and Class N preferred shares. These dividends on the preferred shares will be paid on January 15, 2027 to shareholders of record on January 4, 2027.

2026 Full Year Outlook

The company has raised its 2026 outlook for Net income and FFO per diluted share as follows:

Current

Net income:

$1.07 to $1.09

$1.00 to $1.03

FFO:

$1.84 to $1.86

$1.83 to $1.84

The company’s full year outlook is based on the following assumptions (pro-rata share unless otherwise stated; dollars in millions):

YTD Actual

Through 9.30.26

Current

Same property NOI growth

+3.3%

+3.5% to +3.8%

+3.0% to +3.5%

Credit loss as a % of total pro-rata rental revenues

(51bps)

(50bps) to (60bps)

(55bps) to (75bps)

Lease termination income

$10 to $15

$7 to $15

Non-cash GAAP revenues(1)

$49

$57 to $60

$48 to $53

Consolidated G&A expense, net

$97

$128 to $130

$128 to $132

Consolidated interest expense and preferred stock dividends

$276

$369 to $371

$368 to $372

Consolidated mortgage and other financing income, net

$37

Unchanged

$45 to $50

Redevelopment capex(2)

$129

$140 to $150

$125 to $150

Leasing and maintenance capex(3)

$194

Unchanged

$275 to $300

Property acquisitions, net of dispositions

Acquisitions, weighted average cap rate

Dispositions, weighted average cap rate

($274)

$118; 5.8%

($391);5.1%

Net neutral; transaction volume of $400 to $500

~6.0%

~5.0%

Net neutral; transaction volume of $300 to $500

6.0% to 7.0%

5.0% to 6.0%

Structured investments, net of repayments(4)

Weighted average yield

($42)

10.2%

Unchanged

~10.0%

$75 to $125

8.0% to 10.0%

(1)

Includes deferred rents, above and below market rents, and straight-line reimbursement income, and excludes debt mark to market amortization.

(2)

Includes costs associated with a mixed-use development project, The Chester at Westlake Shopping Center.

(3)

Includes tenant improvements and allowances, capitalized external leasing commissions and capitalized building improvements.

(4)

Structured investments, net of repayments, total approximately $6.5 million with a weighted average yield of 10.2% through October 28, 2026.

iii

500 North Broadway, Suite 201 | Jericho, NY 11753 | (833) 800-4343 kimcorealty.com

Conference Call Information

When: 8:30 AM ET, October 29, 2026

Live Webcast: 3Q26 Kimco Realty Earnings Conference Call or on Kimco Realty’s website investors.kimcorealty.com

Dial #: 1-833-461-5787 (International: +1 585-542-9983). Meeting ID: 639421184

Audio from the conference will be available on Kimco Realty’s investor relations website until January 27, 2027.

About Kimco Realty®

Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of September 30, 2026, the company owned interests in 561 U.S. shopping centers and mixed-use assets comprising 99 million square feet of gross leasable space.

The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “commit,” “anticipate,” “estimate,” “project,” “will,” “target,” “plan,” “forecast” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company’s control and could materially affect actual results, performance or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) financial disruption, changes in trade policies and tariffs, geopolitical challenges or economic downturn, including general adverse economic and local real estate conditions, (ii) the impact of competition, including the availability of acquisition or development opportunities and the costs associated with purchasing and maintaining assets, (iii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iv) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (v) the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience, (vi) the availability of suitable acquisition, disposition, development, redevelopment and merger opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing in accordance with our expectations, (vii) the Company’s ability to raise capital by selling its assets, (viii) disruptions and increases in operating costs due to inflation and supply chain disruptions, (ix) risks associated with the development of mixed-use commercial properties, including risks associated with the development and ownership of non-retail real estate, (x) changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management’s ability to estimate the impact of such changes, (xi) valuation and risks related to the Company’s joint venture and preferred equity investments and other investments, (xii) collectability of mortgage and other financing receivables, (xiii) impairment charges, (xiv) criminal cybersecurity attack disruptions, data loss or other security incidents and breaches, (xv) risks related to artificial intelligence, (xvi) impact of natural disasters and

500 North Broadway, Suite 201 | Jericho, NY 11753 | (833) 800-4343 kimcorealty.com

weather and climate-related events, (xvii) pandemics or other health crises, (xviii) our ability to attract, retain and motivate key personnel, (xix) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xx) the level and volatility of interest rates and management’s ability to estimate the impact thereof, (xxi) changes in the dividend policy for the Company’s common and preferred stock and the Company’s ability to pay dividends at current levels, (xxii) unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or maintain certain debt until maturity, (xxiii) the Company’s ability to continue to maintain its status as a REIT for U.S. federal income tax purposes and potential risks and uncertainties in connection with its UPREIT structure, and (xxiv) other risks and uncertainties identified under Item 1A, “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K and in the Company’s other filings with the Securities and Exchange Commission (“SEC”). Accordingly, there is no assurance that the Company’s expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes on related subjects in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K that the Company files with the SEC. Certain forward-looking and other statements in this press release, or other locations, such as our corporate website, contain various corporate responsibility standards and frameworks (including standards for the measurement of underlying data). As such, such information may not be, and should not be interpreted as necessarily being, “material” under the federal securities laws for SEC reporting purposes, even if we use the word “material” or “materiality” in this document. Corporate Responsibility information is also often reliant on third-party information or methodologies that are subject to evolving expectations and best practices, and our approach to and discussion of these matters may continue to evolve as well. For example, our disclosures may change due to revisions in framework requirements, availability of information, changes in our business or applicable governmental policies, or other factors, some of which may be beyond our control.

###

CONTACT:

David F. Bujnicki

Senior Vice President, Investor Relations and Strategy

Kimco Realty Corporation

(833) 800-4343

dbujnicki@kimcorealty.com

500 North Broadway, Suite 201 | Jericho, NY 11753 | (833) 800-4343 kimcorealty.com

Condensed Consolidated Balance Sheets

(in thousands, except share data)

(unaudited)

September 30, 2026

December 31, 2025

Assets:

Real estate, net of accumulated depreciation and amortization

of $5,016,765 and $4,849,564, respectively

16,603,721

16,769,292

Investments in and advances to real estate joint ventures

1,248,541

1,454,051

Other investments

153,199

99,936

Cash, cash equivalents and restricted cash

544,916

212,794

Mortgage and other financing receivables, net

339,417

383,935

Accounts and other receivables, net

373,935

368,964

Operating lease right-of-use assets, net

124,444

127,596

Other assets

332,024

271,682

Total assets

19,720,197

19,688,250

Liabilities:

Notes payable, net

8,043,092

7,718,730

Mortgages payable, net

428,929

467,203

Accounts payable and accrued expenses

330,546

291,537

Intangible liabilities, net

315,300

334,527

Operating lease liabilities

118,006

120,078

Other liabilities

165,284

188,297

Total liabilities

9,401,157

9,120,372

Redeemable noncontrolling interests

24,506

Stockholders' Equity:

Preferred stock, $1.00 par value, authorized 7,054,000 shares;

Issued and outstanding (in series) 18,715 and 20,748 shares, respectively;

Aggregate liquidation preference $483,519 and $553,196, respectively

Common stock, $.01 par value, authorized 1,500,000,000 shares;

Issued and outstanding 664,490,367 and 674,093,047 shares, respectively

6,645

6,741

Paid-in capital

10,626,500

10,922,596

Cumulative distributions in excess of net income

(490,651

)

(528,730

)

Accumulated other comprehensive income/(loss)

15,028

(8,792

)

Total stockholders' equity

10,157,541

10,391,836

Noncontrolling interests

161,499

151,536

Total equity

10,319,040

10,543,372

Total liabilities and equity

19,720,197

19,688,250

Condensed Consolidated Statements of Income

(in thousands, except per share data)

(unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Revenues

Revenues from rental properties, net

539,725

531,113

1,638,960

1,583,329

Management and other fee income

6,422

4,748

16,004

14,331

Total revenues

546,147

535,861

1,654,964

1,597,660

Operating expenses

Rent

(4,226

)

(4,164

)

(12,455

)

(12,590

)

Real estate taxes

(68,015

)

(67,384

)

(212,089

)

(203,854

)

Operating and maintenance

(89,416

)

(92,434

)

(279,776

)

(273,056

)

General and administrative

(29,959

)

(29,646

)

(97,095

)

(96,485

)

Impairment charges

(7,984

)

(440

)

(14,650

)

(8,619

)

Depreciation and amortization

(155,945

)

(158,269

)

(461,450

)

(473,045

)

Total operating expenses

(355,545

)

(352,337

)

(1,077,515

)

(1,067,649

)

Gain on sale of properties

89,382

3,705

106,451

43,514

Operating income

279,984

187,229

683,900

573,525

Other income/(expense)

Other income/(expense), net

3,186

(2,319

)

(63

)

789

Mortgage and other financing income, net

12,630

12,375

36,549

35,706

Interest expense

(87,721

)

(84,261

)

(254,751

)

(245,842

)

Income before income taxes, net, equity in income of joint ventures, net,

and equity in income/(loss) of other investments, net

208,079

113,024

465,635

364,178

(Provision)/benefit for income taxes, net

(149

)

875

Equity in income of joint ventures, net

73,909

26,967

131,166

73,640

Equity in income/(loss) of other investments, net

229

(811

)

5,491

1,637

Net income

282,068

140,055

602,378

439,500

Net income attributable to noncontrolling interests

(2,994

)

(2,280

)

(5,112

)

(5,922

)

Net income attributable to the company

279,074

137,775

597,266

433,578

Preferred dividends, net

(6,609

)

(7,536

)

(21,681

)

(22,775

)

Net income available to the company's common shareholders

272,465

130,239

575,585

410,803

Per common share:

Net income available to the company's common shareholders: (1)

Basic

0.41

0.19

0.86

0.61

Diluted (2)

0.41

0.19

0.85

0.60

Weighted average shares:

Basic

666,460

674,639

669,814

675,433

Diluted (2)

669,193

675,423

673,989

676,286

)

Adjusted for earnings attributable to participating securities of ($1,401) and ($640) for the three months ended September 30, 2026 and 2025, respectively. Adjusted for earnings attributable to participating securities of ($2,165) and ($1,867) for the nine months ended September 30, 2026 and 2025, respectively.

)

Reflects the potential impact if convertible preferred shares and certain units were converted to common stock at the beginning of the period. The impact of the conversion of preferred shares and certain units would have an anti-dilutive effect on net income and therefore have not been included. Adjusted for distributions on preferred shares and convertible units of $684 and $0 for the three months ended September 30, 2026 and 2025, respectively. Adjusted for distributions on preferred shares and convertible units of $2,771 and $27 for the nine months ended September 30, 2026 and 2025, respectively. Additionally, there were potentially issuable shares related to the Exchangeable Senior Notes that were not dilutive as of September 30, 2026.

Reconciliation of Net Income Available to the Company's Common Shareholders to the FFO Available to the Company's Common Shareholders (1)

(in thousands, except per share data)

(unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Net income available to the company's common shareholders

272,465

130,239

575,585

410,803

Gain on sale of properties

(89,382

)

(3,705

)

(106,451

)

(43,514

)

Gain on sale of joint venture properties

(50,559

)

(5,803

)

(60,496

)

(6,587

)

Depreciation and amortization - real estate related

154,993

157,152

458,494

469,529

Depreciation and amortization - real estate joint ventures

18,989

19,656

58,954

63,521

Impairment charges (including real estate joint ventures)

8,505

440

15,171

8,619

Provision for loan losses, net

1,900

Profit participation from other investments, net

755

1,752

(3,500

)

906

Loss/(gain) on marketable securities/derivative, net

646

(1,802

)

(Benefit)/provision for income taxes, net (2)

)

(1,217

)

(1,355

)

Noncontrolling interests (2)

365

(744

)

(1,240

)

(2,253

)

FFO available to the company's common shareholders

316,189

300,316

936,607

899,767

Weighted average shares outstanding for FFO calculations:

Basic

666,460

674,639

669,814

675,433

Units

3,792

3,576

3,814

3,297

Convertible preferred shares

1,767

3,185

2,708

3,217

Dilutive effect of equity awards

878

732

859

762

Diluted (3)

672,897

682,132

677,195

682,709

FFO per common share - basic

0.47

0.45

1.40

1.33

FFO per common share - diluted (3)

0.47

0.44

1.39

1.33

(1)

The company considers FFO to be an important supplemental measure of its operating performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting results. Comparison of the company's presentation of FFO to similarly titled measures for other REITs may not necessarily be meaningful due to possible differences in the application of the Nareit definition used by such REITs.

(2)

Related to gains, impairments, depreciation on properties and gains/(losses) on marketable securities and derivatives, where applicable.

(3)

Reflects the potential impact if convertible preferred shares and certain units were converted to common stock at the beginning of the period. FFO available to the company’s common shareholders would be increased by $1,799 and $2,186 for the three months ended September 30, 2026 and 2025, respectively. FFO available to the company's common shareholders would be increased by $6,353 and $6,233 for the nine months ended September 30, 2026 and 2025, respectively. The effect of other certain convertible units would have an anti-dilutive effect upon the calculation of FFO available to the company’s common shareholders per share. Accordingly, the impact of such conversion has not been included in the determination of diluted FFO per share calculations. Additionally, there were potentially issuable shares related to the Exchangeable Senior Notes that were not dilutive as of September 30, 2026.

Reconciliation of Net Income Available to the Company's Common Shareholders

to Same Property NOI (1)(2)

(in thousands)

(unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Net income available to the company's common shareholders

272,465

130,239

575,585

410,803

Adjustments:

Management and other fee income

(6,422

)

(4,748

)

(16,004

)

(14,331

)

General and administrative

29,959

29,646

97,095

96,485

Impairment charges

7,984

440

14,650

8,619

Depreciation and amortization

155,945

158,269

461,450

473,045

Gain on sale of properties

(89,382

)

(3,705

)

(106,451

)

(43,514

)

Other (income)/expense, net

(3,186

)

2,319

(789

)

Mortgage and other financing income, net

(12,630

)

(12,375

)

(36,549

)

(35,706

)

Interest expense

87,721

84,261

254,751

245,842

Provision/(benefit) for income taxes, net

149

(875

)

(86

)

(45

)

Equity in (income)/loss of other investments, net

(229

)

811

(5,491

)

(1,637

)

Net income attributable to noncontrolling interests

2,994

2,280

5,112

5,922

Preferred dividends, net

6,609

7,536

21,681

22,775

Non same property net operating income

(22,738

)

(29,003

)

(82,896

)

(78,526

)

Non-operational expense from joint ventures, net

(24,237

)

21,003

19,785

74,913

Same property NOI

405,002

386,098

1,202,695

1,163,856

(1)

Same property Net Operating Income (“NOI”) is a supplemental non-GAAP financial measure of real estate companies' operating performance and should not be considered an alternative to net income in accordance with GAAP or as a measure of liquidity. Same property NOI is considered by management to be an important operating performance measure frequently used by analysts and investors because it includes only the NOI of operating properties that have been owned and stabilized for the entire current and prior year reporting periods. Same property NOI assists in eliminating disparities due to the development, redevelopment, acquisition and disposition of properties during the periods presented and thus provides a more consistent performance measure for the comparison of the Company's properties. Same property NOI is calculated using rental property revenues (excluding straight-line rent adjustments, lease termination income, net, and amortization of above/below market rents), less charges for credit losses, operating and maintenance expenses, real estate taxes, and rent expenses, plus the Company's proportionate share of same property NOI from unconsolidated real estate joint ventures, calculated on the same basis. The Company's method of calculating same property NOI, which may differ from methods used by other REITs and may not be comparable to them, discloses with and without the impact from redevelopment projects.

(2)

Amounts represent the company's pro-rata share.

Reconciliation of the Projected Range of Net Income Available to the Company's Common Shareholders

to Funds From Operations Available to the Company's Common Shareholders

(unaudited, all amounts shown are per diluted share)

Projected Range

Full Year 2026

Low

High

Net income available to the company's common shareholders

1.07

1.09

Gain on sale of properties

(0.16

)

(0.18

)

Gain on sale of joint venture properties

(0.09

)

(0.10

)

Depreciation & amortization - real estate related

0.90

0.92

Depreciation & amortization - real estate joint ventures

0.11

0.12

Impairment charges (including real estate joint ventures)

0.02

Profit participation from other investments, net

(0.01

)

(0.01

)

FFO available to the company's common shareholders

1.84

1.86

Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults, occupancy rates, international tariffs, selling prices of properties held for disposition, expenses (including salaries and employee costs), insurance costs and numerous other factors. Not all of these factors are determinable at this time and actual results may vary from the projected results, and may be above or below the range indicated. The above range represents management’s estimate of results based upon these assumptions as of the date of this press release.

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 5

v3.26.3

Document and Entity Information

Oct. 29, 2026

Entity Information [Line Items]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Oct. 29, 2026

Entity File Number

1-10899

Entity Registrant Name

KIMCO REALTY CORPORATION

Entity Central Index Key

0000879101

Entity Incorporation, State or Country Code

Entity Tax Identification Number

13-2744380

Entity Address, Address Line One

500 N. Broadway

Entity Address, Address Line Two

Suite 201

Entity Address, City or Town

Jericho

Entity Address, State or Province

Entity Address, Postal Zip Code

11753

City Area Code

516

Local Phone Number

869-9000

Entity Emerging Growth Company

false

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Common Stock [Member]

Entity Information [Line Items]

Title of 12(b) Security

Common Stock, par value $.01 per share.

Trading Symbol

KIM

Security Exchange Name

NYSE

Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share. [Member]

Entity Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share.

Trading Symbol

KIMprL

Security Exchange Name

NYSE

Depositary Shares, each representing one-thousandth of a share of 5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par value per share. [Member]

Entity Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing one-thousandth of a share of 5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par value per share.

Trading Symbol

KIMprM

Security Exchange Name

NYSE

Depositary Shares, each representing one-thousandth of a share of 7.250% Class N Cumulative Convertible, Preferred Stock, $1.00 par value per share. [Member]

Entity Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing one-thousandth of a share of 7.250% Class N Cumulative Convertible, Preferred Stock, $1.00 par value per share.

Trading Symbol

KIMprN

Security Exchange Name

NYSE

Kimco Realty OP, LLC [Member]

Entity Information [Line Items]

Entity File Number

333-269102-01

Entity Registrant Name

KIMCO REALTY OP, LLC

Entity Central Index Key

0001959472

Entity Incorporation, State or Country Code

Entity Tax Identification Number

92-1489725

Entity Emerging Growth Company

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_EntityInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=kim_DepositarySharesEachRepresentingOneThousandthOfAShareOf5125ClassLCumulativeRedeemablePreferredStock100ParValuePerShareMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=kim_DepositarySharesEachRepresentingOneThousandthOfAShareOf5250ClassMCumulativeRedeemablePreferredStock100ParValuePerShareMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=kim_DepositarySharesEachRepresentingOneThousandthOfAShareOf7250ClassNCumulativeConvertiblePreferredStock100ParValuePerShareMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

dei_LegalEntityAxis=kim_KimcoRealtyOPLLCMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: