JERICHO, N.Y., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) announced today that its management will present at the Citi 2026 Global Property CEO Conference on Tuesday, March 3, 2026. Event: Kimco Realty® Management Presentation When: Tuesday, March 3, 2026, from 2:10 PM – 2:45 PM, ET Live Webcast: Kimco Realty Management to Present at Citi Conference Audio from the webcast will be available on Kimco Realty’s investor relations website until June 2, 2026. About Kimco Realty® Kimco Realty® (NY ...

JERICHO, N.Y., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) announced today that its management will present at the Raymond James Institutional Investors Conference on Monday, March 2, 2026. Event: Kimco Realty® Management Presentation When: Monday, March 2, 2026, from 8:40 AM – 9:10 AM, ET Live Webcast: Kimco Realty Management to Present at Raymond James Conference Audio from the conference will be available on Kimco Realty’s investor relations website until May, 31, 2026. About Kimco Realty ...

Green Financing and Sustainability - The Company issued $500.0 million in 2.70% notes due 2030 in its first green bond offering, with full allocation reached by June 30, 2024[68] - The Company's $2.0 billion Credit Facility includes rate adjustments tied to Scope 1 and 2 greenhouse gas emissions reductions, achieving maximum interest rate adjustment in 2025[68] - The Company has a credit agreement with $310.0 million in term loans that also have rate adjustments tied to GHG emissions[68] Employee Satisfaction and Work Environment - As of December 31, 2025, the Company employed 710 individuals, with an average tenure of 10.1 years[62] - The Company has been certified as a Great Place to Work for eight consecutive years, indicating strong employee satisfaction[57] - The Company operates under a hybrid work model, enhancing communication and collaboration among associates[58] - The Company has a robust benefits program, including a Safe Harbor 401(k) with fully vested matching contributions[56] Corporate Responsibility and Community Engagement - The Company is committed to corporate responsibility, aligning its programs with its core business strategy to deliver long-term stakeholder value[63] - The Company promotes community engagement by providing two volunteer days off per year and a matching program for charitable contributions[61] REIT Compliance and Tax Implications - To qualify as a REIT, the company must distribute at least 90% of its REIT taxable income annually, excluding net capital gains[141] - If the company loses its REIT status, it would face significant tax consequences, including being subject to regular U.S. federal corporate income tax[142] - The company may incur a 4% nondeductible excise tax if distributions are less than 100% of its REIT taxable income[145] - The company must ensure that its subsidiary REITs independently satisfy all REIT qualification requirements to maintain its own REIT status[141] - Tax liabilities from acquisitions could adversely impact the company's business and cash available for distributions[147] - The company may need to borrow funds during unfavorable market conditions to meet REIT distribution requirements[145] - Dividends paid by REITs do not qualify for reduced tax rates available for some dividends, making them less attractive to certain investors[150] - The company could face a 100% penalty tax on net income from prohibited transactions, limiting its ability to engage in certain sales[149] - If the company fails to qualify as a REIT, it would not be required to make distributions to stockholders[148] - The IRS may challenge the partnership status of Kimco OP, which could adversely affect the company's REIT qualification and stock value[146] Financial Risks - The Company is exposed to interest rate risk through its unsecured revolving credit facility, which may increase interest expenses if rates rise[72]

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Core Insights - Kimco Realty Corp. reported fourth-quarter 2025 funds from operations (FFO) per share of 44 cents, meeting the Zacks Consensus Estimate, and reflecting a 4.8% year-over-year growth [1][8] - The company's shares rose 2.6% in early trading, indicating positive investor sentiment [1] - Kimco's 2026 FFO per share guidance is set between $1.80 and $1.84, with expectations of up to $500 million in net acquisitions [8][11] Financial Performance - Revenues for the fourth quarter reached $542.5 million, exceeding the consensus estimate of $538.3 million, and showing a 3.3% year-over-year increase [2] - For the full year 2025, FFO per share was $1.76, in line with consensus, and increased by 6.7% year over year [2] - Total revenues for 2025 amounted to $2.14 billion, reflecting a 5.1% year-over-year growth [2] Occupancy and Leasing Activity - Pro-rata leased occupancy at the end of Q4 was 96.4%, up 70 basis points sequentially and 10 basis points year over year [3] - Pro-rata anchor occupancy reached 97.9%, marking a record increase of 90 basis points from the previous quarter [3] - The company executed 435 leases totaling 2.7 million square feet, with blended pro-rata cash rent spreads on comparable spaces at 13.8% [4] Same-Property Performance - Same-property net operating income (NOI) increased by 3% year over year, supported by a 2.1% rise in minimum rents [4][8] - Pro-rata small shop occupancy improved to 92.7%, reflecting a 20 basis point increase sequentially and a 100 basis point improvement year over year [3] Portfolio Activity - Kimco acquired common member interests in The Shoppers at 82 Street for a total pro-rata purchase price of $74 million [5] - The company sold a ground-leased parcel for $18.5 million and two shopping centers for $7.9 million and $8 million, respectively [6] Balance Sheet and Liquidity - At the end of Q4 2025, Kimco had over $2.2 billion in immediate liquidity, including full availability on a $2.0 billion unsecured revolving credit facility [7] - The net-debt-to-EBITDA ratio was 5.7X, slightly up from 5.6X in the prior quarter [7] Dividend Declaration - Concurrent with the earnings release, Kimco's board declared a quarterly cash dividend of 26 cents per share, payable on March 19, 2026 [10] Industry Context - Other retail REITs, such as Regency Centers Corporation and Simon Property Group, reported positive results, indicating a healthy leasing environment and growth in same-property NOI [13][14]

Financial Data and Key Metrics Changes - Kimco Realty achieved NAREIT FFO per share growth of 6.7% in 2025, making it one of the few shopping center REITs to exceed 5% FFO growth in 2024 and 6% in 2025 [7] - For the fourth quarter, FFO was $294.3 million, or $0.44 per diluted share, representing a 4.8% increase compared to the prior year [27] - Full-year FFO was approximately $1.2 billion or $1.76 per diluted share, reflecting a 6.7% per share increase compared to 2024 [27][28] Business Line Data and Key Metrics Changes - The overall portfolio occupancy reached 96.4%, matching an all-time high, with a new leasing volume of 1.2 million sq ft, the highest in over a decade [8] - Same-site NOI growth was reported at 3% for the full year, supported by sustained demand for space and consistent rent growth [28] - The signed but not open (SNO) pipeline reached a record 390 basis points, representing $73 million of future annual base rent, a 30% increase from the previous year [16] Market Data and Key Metrics Changes - The shopping center sector is experiencing strong demand with limited new supply, which is expected to support occupancy and same-site NOI growth [10] - The tenant credit profile is reported to be the strongest in several years, with a low credit loss of 74 basis points for the full year [28][60] Company Strategy and Development Direction - Kimco's strategy for 2026 focuses on proactive capital recycling, enhancing long-term growth, and optimizing operational efficiency through a streamlined organizational structure [11][13] - The company plans to sell assets at attractive private market cap rates and reinvest proceeds into higher return opportunities, including share repurchases [12][25] - A significant emphasis is placed on modernizing operations and leveraging technology to drive efficiencies and improve cash flow [71][74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of the shopping center sector, citing resilient consumer demand and a robust pipeline of deals [10][35] - The company anticipates healthy earnings progression in 2026, with an initial FFO per share range of $1.80-$1.84, reflecting a growth of 2.3%-4.5% over 2025 [31] - Management noted that the first quarter of 2026 may see seasonal softness, but they do not expect it to materially impact overall performance [32] Other Important Information - Kimco received an A3 unsecured debt rating from Moody's, placing it among a select group of REITs with A-minus ratings across major agencies [30] - The company plans to implement a commercial paper program as part of its financing strategy [30] - A leadership transition is occurring with the retirement of the Chief Accounting Officer, ensuring continuity with an experienced successor [36] Q&A Session Summary Question: Potential for a special dividend and balancing earnings growth - Management acknowledged the potential for a special dividend if gains cannot be shielded through tax strategies, emphasizing the focus on closing the valuation gap between public and private markets [39][41] Question: Capital allocation priorities and opportunities - Management highlighted leasing as the top priority, followed by redevelopment and structured investments, with a focus on maximizing returns and leveraging existing relationships [43][45] Question: Tenant health and performance trends - Management reported improved tenant credit quality, with notable retailers taking proactive steps to enhance their business strategies, indicating a positive outlook for tenant health [59][60] Question: Same-store NOI guidance components - Management explained that the first quarter would be challenging due to prior year comparisons, but they remain confident in the overall guidance based on the SNO pipeline [64][65] Question: Realignment to national leadership and operational efficiency - Management discussed the transition from a regional to a national structure to enhance efficiency and streamline decision-making processes, aiming for improved execution and cost savings [68][71]

Financial Data and Key Metrics Changes - Kimco Realty achieved NAREIT FFO per share growth of 6.7% in 2025, making it one of the few shopping center REITs to exceed 5% FFO growth in 2024 and 6% in 2025 [7] - For the fourth quarter, FFO was $294.3 million, or $0.44 per diluted share, representing a 4.8% increase compared to the prior year [27] - Full year FFO was approximately $1.2 billion or $1.76 per diluted share, reflecting a 6.7% per share increase compared to 2024 [27][28] Business Line Data and Key Metrics Changes - The overall portfolio occupancy reached 96.4%, matching an all-time high, with a new leasing volume of 1.2 million sq ft, the highest in over a decade [8] - Same-site NOI growth was 3% for the full year, supported by sustained demand for space and consistent rent growth [28] - The signed but not open pipeline reached a record 390 basis points, representing $73 million of future annual base rent, a 30% increase from the previous year [16] Market Data and Key Metrics Changes - The shopping center sector is experiencing limited new supply, which, combined with resilient consumer demand, is expected to push occupancy and same-site NOI higher [10] - Tenant credit profiles are reported to be stronger than in previous years, with a credit loss of 74 basis points for the full year [28][60] Company Strategy and Development Direction - Kimco's strategy for 2026 focuses on proactive capital recycling, selling lower growth assets at attractive private market cap rates, and reinvesting in higher return opportunities [12][25] - The company plans to modernize its operating platform to enhance efficiency and cash flow, targeting a reduction of $3 million in G&A expenses while investing in personnel and technology [13][71] - The company aims to close the valuation gap between its public market valuation and private market pricing, with a focus on disciplined execution and capital allocation [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of the shopping center sector, with expectations for healthy earnings progression in 2026 [31][35] - The company anticipates same-property NOI growth of 2.5%-3.5% for 2026, with the first quarter expected to be the lowest point due to prior year comparisons [31][32] - Management highlighted the importance of tenant retention, with 87% of expiring annual base rent already resolved for the first half of 2026 [19] Other Important Information - Kimco received a credit rating upgrade to A-minus from Moody's, reflecting its disciplined approach to the balance sheet [7] - The company plans to establish a commercial paper program to enhance its financing strategy [30] - A leadership transition is occurring with the retirement of the Chief Accounting Officer, ensuring continuity and expertise within the team [36] Q&A Session Summary Question: Discussion on potential special dividend and balancing earnings growth - Management indicated that a special dividend may be necessary if gains cannot be shielded through 1031 exchanges, but the focus remains on closing the valuation gap between public and private valuations [39][41] Question: Insights on capital allocation priorities - Management emphasized that leasing remains the top priority, followed by redevelopment opportunities and structured investments, with a focus on achieving double-digit returns [44][46] Question: Tenant health and performance trends - Management reported improved tenant credit quality, with notable retailers restructuring successfully and a strong demand for space within the portfolio [60][61] Question: Same-store NOI guidance components - Management acknowledged that the first quarter will be challenging due to prior year bankruptcies but remains confident in the overall guidance based on the signed not occupied pipeline [64][65] Question: Realignment to national leadership and operational efficiency - The restructuring aims to streamline operations and enhance efficiency, with a focus on leveraging technology and improving workflows [68][71]

Financial Data and Key Metrics Changes - Kimco Realty achieved NAREIT FFO per share growth of 6.7%, making it one of the few shopping center REITs to exceed 5% FFO growth in 2024 and 6% in 2025 [4] - For Q4 2025, funds from operations (FFO) were $294.3 million, or $0.44 per diluted share, representing a 4.8% increase compared to the prior year [25] - Full-year FFO was approximately $1.2 billion or $1.76 per diluted share, reflecting a 6.7% per share increase compared to 2024 [25][26] Business Line Data and Key Metrics Changes - Overall portfolio occupancy reached 96.4%, matching an all-time high, with a new leasing volume of 1.2 million sq ft, the highest in over a decade [5] - Small shop occupancy hit a record high of 92.7%, while same-site NOI growth was 3% for the full year [5][26] - The signed but not open (SNO) pipeline reached a record 390 basis points, representing $73 million of future annual base rent, a 30% increase from the previous year [5][13] Market Data and Key Metrics Changes - The shopping center sector remains fundamentally strong with limited new supply, which, combined with resilient consumer demand, supports confidence in pushing occupancy and same-site NOI higher [8][9] - The company noted that private market pricing remains constructive, creating opportunities despite uneven public REIT sentiment [9] Company Strategy and Development Direction - Kimco's strategy for 2026 focuses on proactive capital recycling to enhance long-term growth, including selling assets at attractive private market cap rates and reinvesting proceeds into higher return opportunities [10][19] - The company plans to modernize its operating platform to improve efficiency and cash flow, targeting a reduction of $3 million in G&A expenses while investing in personnel and technology [11][66] - A shift from a regional to a national leadership structure aims to streamline operations and enhance decision-making speed [66] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, expecting continued demand and a strong tenant credit profile, with 87% of expiring annual base rent resolved or in negotiation for the first half of 2026 [16][29] - The company anticipates a clear and accelerating growth profile for 2026, with expectations for same-property NOI growth between 2.5% and 3.5% [28][29] Other Important Information - Kimco received a credit rating upgrade to A-minus from Moody's, reflecting a disciplined approach to its balance sheet [4] - The company has established a commercial paper program to enhance its financing strategy [27] - A leadership transition is underway with the retirement of the Chief Accounting Officer, ensuring continuity and expertise within the team [34] Q&A Session Summary Question: Discussion on potential special dividend and balancing earnings growth - Management clarified that while a special dividend may be necessary if gains cannot be shielded through exchanges, the focus remains on closing the valuation gap between public and private markets [36][38] Question: Insights on capital allocation priorities - Management emphasized leasing as the top priority, followed by redevelopment opportunities and structured investments, with a focus on achieving double-digit returns [41][44] Question: Trends in tenant health and performance - The tenant credit profile is reported to be strong, with notable improvements in previously struggling retailers, indicating a positive outlook for the sector [55][58] Question: Guidance on same-store NOI components - Management acknowledged that the first quarter may be challenging due to prior year comparisons but remains confident in the overall guidance based on the SNO pipeline [61] Question: Ground lease portfolio size and disposition plans - The ground lease segment constitutes about 9% of annual base rent, with plans to accelerate dispositions in 2026, driven by increased demand from private investors [80][82]