KIM - Kimco Realty® Announces Second Quarter 2026 Results

On Tuesday, Kimco Realty (NYSE: KIM ) discussed second-quarter financial results during its earnings call. The full transcript is provided below. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. The full earnings call is available at Summary Kimco Realty reported a strong quarter with FFO per diluted share of $0.46, marking a 4.5% increase year over year, and same-property NOI growth of 3.5%. The company achieved record small shop occupancy of 92.9% and overall portfolio occupancy of 96.4%, despite challenges like the Painted Tree bankruptcy. Significant leasing activity included 461 leases covering 2.5 million square feet, with new leases showing a 40.4% spread, emphasizing strong retailer demand. Kimco Realty completed the sale of The Milton, a multifamily building, highlighting the success of its mixed-use platform as a source of long-term value creation. The company continues its capital recycling strategy, reinvesting proceeds from asset sales into higher-growth shopping centers, enhancing portfolio quality and future earnings potential. Kimco Realty raised its full-year FFO outlook and increased its quarterly dividend by 12%, reflecting strong operating performance and confidence in future growth. The company issued $600 million in exchangeable notes at a 3.5% coupon, strengthening its balance sheet and liquidity position with strategic capital management. Management emphasized the launch of its new national operating model, 'One Kimco,' aiming to improve FFO growth, leasing productivity, and margin expansion through streamlined operations and AI tools. Despite a competitive market, Kimco Realty is optimistic about continued transaction activity and capital recycling in the second half of the year. Full Transcript David Bujnicki, Senior Vice President, Investor Relations Cooper, President and Chief Investment Officer; Dave Jamieson, Executive Vice President and Chief Operating Officer; Glenn Cohen, Executive Vice President and CFO; as well as other members of the Kimco Realty leadership team who are available for Q&A. Before we begin, some of our comments today may include forward-looking statements based on management's current beliefs and expectations. These are subject to risks and uncertainties described in our SEC filings, and actual results may differ materially. We assume no obligation to update any forward-looking statements. We will also reference non-GAAP financial measures. Reconciliations to GAAP are available in our earnings release and supplemental package, both posted to our IR website along with an accompanying presentation. The same forward-looking caution applies to those materials. Following prepared remarks, we'll open the call to Q&A. To allow a smooth and efficient call, please limit yourself to one question and re-queue for follow-ups. With that, I'll turn the call over Conor Flynn, CEO Good morning and thanks for joining us today. I'll walk you through our solid seco