Kimco Realty Q1 2026 Earnings Release

Kimco Realty announced its first quarter 2026 financial results, reporting a net income of $157.4 million, or $0.23 per diluted share, an increase from $125.1 million, or $0.18 per diluted share, in the first quarter of 2025. Funds From Operations (FFO) per diluted share increased by 4.5% to $0.46. The company achieved strong leasing activity, with 4.4 million square feet leased and blended pro-rata cash rent spreads of 11.3%. A record leased-to-economic occupancy spread of 410 basis points was reported, representing a 28% year-over-year increase in future Annual Base Rent (ABR). Kimco completed a $106 million preferred equity mixed-use development and updated its 2026 outlook for Net income and FFO per diluted share. The company also announced a 4.0% increase in its common share dividend to $0.26 per common share.