KIMCO REALTY CORP
Business
Kimco Realty Corp is a self-administered REIT that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties across the United States. The company leases retail space, manages properties, and provides asset management and construction services. Kimco's portfolio focuses on drivable first-ring suburbs in major Sun Belt and coastal markets, with tenants anchored by grocery stores, home improvement retailers, and service-oriented operators. The company also earns management and acquisition fees through institutional joint venture programs.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues from rental properties, net | 2,121 | 2,019 | 1,767 | 1,711 | 1,350 | |
| Management and other fee income | 19 | 18 | 16 | 17 | 15 | |
| Total revenues | 2,140 | 2,037 | 1,783 | 1,728 | 1,365 | |
| Rent | −17 | −17 | −16 | −16 | −14 | |
| Real estate taxes | −277 | −262 | −232 | −225 | −181 | |
| Operating and maintenance | −368 | −359 | −309 | −290 | −223 | |
| General and administrative | −133 | −138 | −137 | −120 | −104 | |
| Impairment charges | −10 | −4 | −14 | −22 | −4 | |
| Merger charges | 0 | −25 | −5 | 0 | −50 | |
| Depreciation and amortization | −627 | −604 | −507 | −505 | −395 | |
| Total operating expenses | −1,432 | −1,409 | −1,220 | −1,177 | −971 | |
| Gain on sale of properties | 63 | 1 | 75 | 15 | 31 | |
| Operating income | 771 | 629 | 639 | 565 | 424 | |
| Special dividend income | 0 | 0 | 194 | 0 | — | |
| Other income, net | 2 | 28 | 28 | 29 | 20 | |
| Mortgage and other financing income, net | 51 | 30 | 12 | — | — | |
| Gain/(loss) on marketable securities, net | 3,000 | −28 | 21 | −316 | 505 | |
| Interest expense | −330 | −308 | −250 | −227 | −204 | |
| Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net | 494 | 351 | 644 | 44 | 745 | |
| Provision for income taxes, net | −1 | −25 | −61 | −57 | −3 | |
| Equity in income of joint ventures, net | 97 | 84 | 72 | 109 | — | |
| Equity in income of other investments, net | 3 | 10 | 11 | 17 | — | |
| Net income | 593 | 419 | 666 | 115 | 850 | |
| Net income attributable to noncontrolling interests | −8 | −9 | −12 | 11 | −6 | |
| Net income attributable to the Company | 585 | 411 | 654 | 126 | 844 | |
| Preferred unit redemption charges | 0 | −3 | 0 | 0 | 0 | |
| Preferred distributions, net | −30 | −32 | −25 | −25 | −25 | |
| Net income available to the Company's common shareholders | 554 | 376 | 629 | 101 | 819 | |
| -Basic (in dollars per share) | 0.82 | 0.55 | 1.02 | 0.16 | 1.61 | |
| -Diluted (in dollars per share) | 0.82 | 0.55 | 1.02 | 0.16 | 1.6 | |
| -Basic (in shares) | 675 | 672 | 617 | 616 | 506 | |
| -Diluted (in shares) | 675 | 672 | 618 | 618 | 511 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Land | 4,552 | 4,498 | 4,178 | 4,125 | 3,984 | |
| Building and improvements | 15,839 | 15,425 | 14,760 | 14,333 | 14,068 | |
| Intangible assets | 1,227 | 1,247 | — | — | — | |
| Real estate | 21,619 | 21,171 | 18,938 | 18,457 | 18,052 | |
| Less: accumulated depreciation and amortization | −4,850 | −4,360 | −3,843 | −3,417 | −3,011 | |
| Total real estate, net | 16,769 | 16,810 | 15,095 | 15,040 | 15,042 | |
| Other investments | 100 | 107 | 144 | — | — | |
| Cash, cash equivalents and restricted cash | 213 | 690 | 784 | 150 | 335 | |
| Mortgage and other financing receivables, net | 384 | 445 | — | — | — | |
| Accounts and other receivables, net | 369 | 340 | 308 | 304 | 255 | |
| Deferred charges and prepaid expenses | 178 | 167 | 156 | 148 | 144 | |
| Operating lease right-of-use assets, net | 128 | 126 | 128 | 134 | 147 | |
| Other assets | 94 | 136 | 242 | 254 | 196 | |
| Total assets | 19,688 | 20,310 | 18,274 | 17,826 | 18,459 | |
| Notes payable, net | 7,719 | 7,965 | 7,263 | 6,781 | 7,027 | |
| Mortgages payable, net | 467 | 496 | 354 | 377 | 449 | |
| Accounts payable and accrued expenses | 292 | 282 | 216 | 208 | 220 | |
| Intangible liabilities, net | 335 | 367 | — | — | — | |
| Operating lease liabilities | 120 | 117 | 110 | 114 | 124 | |
| Other liabilities | 188 | 237 | 600 | 602 | 510 | |
| Total liabilities | 9,120 | 9,464 | 8,548 | 8,086 | 8,336 | |
| Redeemable noncontrolling interests | 25 | 48 | 72 | 93 | 13 | |
| Commitments and contingencies (Footnote 23) | — | — | — | — | — | |
| Preferred stock, $1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 20,748 and 20,806 shares, respectively; Aggregate liquidation preference $553,196 and $556,113, respectively | 21,000 | 21,000 | 19,000 | 19,000 | 20,000 | |
| Common stock, $.01 par value, authorized 1,500,000,000 shares; Issued and outstanding 674,093,047 and 679,493,522 shares, respectively | 7 | 7 | 6 | 6 | 6 | |
| Paid-in capital | 10,923 | 11,033 | 9,638 | 9,618 | 9,592 | |
| Cumulative distributions in excess of net income | −529 | −399 | −123 | −120 | 299 | |
| Accumulated other comprehensive income | −9 | 11 | 3 | 11 | 2 | |
| Total stockholders' equity | 10,392 | 10,653 | 9,525 | 9,516 | 9,899 | |
| Noncontrolling interests | 152 | 145 | 128 | 131 | 211 | |
| Total equity | 10,543 | 10,798 | 9,653 | 9,647 | 10,110 | |
| Total liabilities and equity | 19,688 | 20,310 | 18,274 | 17,826 | 18,459 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 627 | 604 | 507 | 505 | 395 | |
| Straight-line rental income adjustments, net | −29 | −23 | −23 | −34 | −23 | |
| Amortization of above-market and below-market leases, net | −31 | −25 | −17 | −14 | −15 | |
| Amortization of deferred financing costs and fair value debt adjustments, net | 4 | −762,000 | −9 | −29 | −9 | |
| Equity award expense | 33 | 35 | 33 | 27 | 23 | |
| Gain on sale of properties | −63 | −1 | −75 | −15 | −31 | |
| Change in fair value of embedded derivative liability | −2 | −129,000 | −734,000 | 0 | 0 | |
| Equity in income, net | −97 | −84 | −72 | −110 | — | |
| Distributions from joint ventures and other investments | 96 | 98 | 76 | 84 | 92 | |
| Change in accounts and other receivables, net | 130,000 | 6 | 18 | — | — | |
| Change in accounts payable and accrued expenses | −5 | −22 | 6 | 38 | −105 | |
| Change in other operating assets | −19 | −4 | −26 | −24 | 47 | |
| Change in other operating liabilities | 6 | −18 | 6 | — | — | |
| Net cash flow provided by operating activities | 1,120 | 1,006 | 1,072 | 861 | 619 | |
| Acquisition of operating real estate and other related net assets | −218 | −153 | −277 | −301 | −356 | |
| Improvements to operating real estate | −348 | −324 | −264 | −194 | −164 | |
| Acquisition of RPT Realty | 0 | −149 | 0 | 0 | — | |
| Investment in marketable securities | −1 | −1 | −4 | −4 | 0 | |
| Proceeds from sale of marketable securities | 1 | 301 | 293 | 303 | 377,000 | |
| Investments in preferred stock and cost method investments | −6 | −79,000 | −2 | — | — | |
| Investments in and advances to real estate joint ventures | −11 | −4 | −24 | −87 | −13 | |
| Reimbursements of investments in and advances to real estate joint ventures | 24 | 27 | 14 | 38 | 48 | |
| Investments in and advances to other investments | −11 | −8 | −18 | −17 | −67 | |
| Reimbursements of investments in and advances to other investments | 2 | 3 | 282,000 | 31 | 64 | |
| Investment in mortgage and other financing receivables | −264 | −202 | −19 | −75 | −42 | |
| Collection of mortgage and other financing receivables | 342 | 108 | 133,000 | 60 | 14 | |
| Proceeds from sale of properties | 109 | 71 | 160 | 184 | 303 | |
| Proceeds from insurance casualty claims | 3 | 8 | 0 | 0 | 0 | |
| Principal payments from securities held-to-maturity | 4 | 5 | 5 | 4 | 0 | |
| Net cash flow used for investing activities | −377 | −319 | −137 | −63 | −476 | |
| Principal payments on debt, excluding normal amortization of rental property debt | −49 | −12 | −49 | −158 | −229 | |
| Principal payments on rental property debt | −12 | −10 | −11 | −10 | −11 | |
| Financing origination costs | −8 | −9 | −12 | −20 | −8 | |
| Contributions from noncontrolling interests | 143,000 | 274,000 | 13,000 | 891,000 | 0 | |
| Distributions to noncontrolling interests | −9 | −10 | −11 | — | — | |
| Redemptions of noncontrolling interests | −31 | −43 | −47 | — | — | |
| Dividends paid | −715 | −686 | −657 | −545 | — | |
| Proceeds from issuance of units, net | 0 | 136 | 4 | 16 | 83 | |
| Repurchase of preferred units | −3 | −27 | −1 | −3 | 0 | |
| Repurchase of common stock | −120 | 0 | 0 | — | — | |
| Shares/Units repurchased for employee tax withholding on equity awards | −12 | −16 | −16 | −14 | −21 | |
| Principal payments under finance lease obligations | −24 | −265,000 | 0 | 0 | — | |
| Change in tenants' security deposits | 4 | 3 | 2 | 5 | 2 | |
| Net cash flow used for financing activities | −1,220 | −781 | −301 | −983 | −101 | |
| Net change in cash, cash equivalents and restricted cash | −477 | −94 | 634 | −185 | 41 | |
| Interest paid (net of capitalized interest of $3,247, $2,218 and $2,313, respectively) | 319 | 301 | 250 | 258 | 198 | |
| Income taxes paid, net of refunds | 23 | 61 | 65 | 12 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is KIMCO REALTY CORP's CIK number?
KIMCO REALTY CORP's SEC CIK number is 0000879101 (879101). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find KIMCO REALTY CORP's SEC filings?
All of KIMCO REALTY CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did KIMCO REALTY CORP last report earnings?
KIMCO REALTY CORP (KIM) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-193907). This is KIMCO REALTY CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is KIMCO REALTY CORP's most recent earnings 8-K?
KIMCO REALTY CORP's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001193125-26-193907. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View KIMCO REALTY CORP's latest earnings 8-K →
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