KIMCO REALTY CORP Earnings Per Share Disclosure
The following table sets forth the reconciliation of earnings and the weighted-average number of shares used in the calculation of basic and diluted earnings per share (amounts presented in thousands, except per share data):
|
|
For the Year Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Computation of Basic and Diluted Earnings Per Share: |
|
|
|
|
|
|
|
|
|
|||
Net income available to the Company's common shareholders |
|
$ |
554,430 |
|
|
$ |
375,718 |
|
|
$ |
629,252 |
|
Change in redeemable noncontrolling interests' carrying amount |
|
|
(732 |
) |
|
|
(1,691 |
) |
|
|
2,323 |
|
Earnings attributable to participating securities |
|
|
(2,525 |
) |
|
|
(2,766 |
) |
|
|
(2,819 |
) |
Net income available to the Company’s common shareholders for basic |
|
|
551,173 |
|
|
|
371,261 |
|
|
|
628,756 |
|
Distributions on convertible units |
|
|
36 |
|
|
|
- |
|
|
|
53 |
|
Net income available to the Company’s common shareholders for diluted |
|
$ |
551,209 |
|
|
$ |
371,261 |
|
|
$ |
628,809 |
|
|
|
|
|
|
|
|
|
|
|
|||
Weighted average common shares outstanding – basic |
|
|
675,050 |
|
|
|
671,561 |
|
|
|
616,947 |
|
Effect of dilutive securities (1): |
|
|
|
|
|
|
|
|
|
|||
Equity awards |
|
|
138 |
|
|
|
523 |
|
|
|
1,132 |
|
Assumed conversion of convertible units |
|
|
91 |
|
|
|
52 |
|
|
|
120 |
|
Weighted average common shares outstanding – diluted |
|
|
675,279 |
|
|
|
672,136 |
|
|
|
618,199 |
|
|
|
|
|
|
|
|
|
|
|
|||
Net income available to the Company's common shareholders: |
|
|
|
|
|
|
|
|
|
|||
Basic earnings per share |
|
$ |
0.82 |
|
|
$ |
0.55 |
|
|
$ |
1.02 |
|
Diluted earnings per share |
|
$ |
0.82 |
|
|
$ |
0.55 |
|
|
$ |
1.02 |
|
The following table sets forth the reconciliation of Kimco OP’s earnings and the weighted-average number of units used in the calculation of basic and diluted earnings per unit (amounts presented in thousands except per unit data):
|
|
For the Year Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Computation of Basic and Diluted Earnings Per Unit: |
|
|
|
|
|
|
|
|
|
|||
Net income available to Kimco OP’s common unitholders |
|
$ |
555,604 |
|
|
$ |
376,373 |
|
|
$ |
629,252 |
|
Change in redeemable noncontrolling interests' carrying amount |
|
|
(732 |
) |
|
|
(1,691 |
) |
|
|
2,323 |
|
Earnings attributable to participating securities |
|
|
(2,861 |
) |
|
|
(2,883 |
) |
|
|
(2,819 |
) |
Net income available to Kimco OP’s common unitholders |
|
|
552,011 |
|
|
|
371,799 |
|
|
|
628,756 |
|
Distributions on convertible units |
|
|
36 |
|
|
|
- |
|
|
|
53 |
|
Net income available to Kimco OP’s common shareholders for diluted |
|
$ |
552,047 |
|
|
$ |
371,799 |
|
|
$ |
628,809 |
|
|
|
|
|
|
|
|
|
|
|
|||
Weighted average common units outstanding – basic |
|
|
676,042 |
|
|
|
672,512 |
|
|
|
616,947 |
|
Effect of dilutive securities (1): |
|
|
|
|
|
|
|
|
|
|||
Equity awards |
|
|
138 |
|
|
|
523 |
|
|
|
1,132 |
|
Assumed conversion of convertible units |
|
|
90 |
|
|
|
51 |
|
|
|
120 |
|
Weighted average common units outstanding – diluted |
|
|
676,270 |
|
|
|
673,086 |
|
|
|
618,199 |
|
|
|
|
|
|
|
|
|
|
|
|||
Net income available to Kimco OP’s common unitholders: |
|
|
|
|
|
|
|
|
|
|||
Basic earnings per unit |
|
$ |
0.82 |
|
|
$ |
0.55 |
|
|
$ |
1.02 |
|
Diluted earnings per unit |
|
$ |
0.82 |
|
|
$ |
0.55 |
|
|
$ |
1.02 |
|
The Company's unvested restricted share/unit awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the unvested restricted share/unit awards on earnings per share/unit has been calculated using the two-class method whereby earnings are allocated to the unvested restricted share/unit awards based on dividends declared and the unvested restricted shares/units' participation rights in undistributed earnings.
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 26, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Feb 23, 2021 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 23, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.