Kimco Realty Q3 FFO Rises to $316.2 Million, Lifts 2026 Guidance

Kimco Realty (KIM) reported third-quarter funds from operations of $316.2 million, or $0.47 per diluted share, up from $300.3 million, or $0.44 per diluted share, a year earlier. The real estate investment trust raised its 2026 outlook for net income and FFO per diluted share. FFO per share is now expected in a range of $1.84 to $1.86, revised from prior guidance of $1.83 to $1.84. Net income per share is projected at $1.07 to $1.09, up from the previous range of $1.00 to $1.03. Third-quarter net income was $272.5 million, or $0.41 per diluted share, compared with $130.2 million, or $0.19 per diluted share, a year ago. The company attributed the year-over-year increase primarily to $122.4 million more in gains on property sales, net of impairments. Revenue rose 1.9% to $546.147 million from $535.861 million. Kimco shares last closed on the NYSE at $23.40.