Kimco Realty Q3 2026: Record Occupancy Lifts FFO Above Expectations
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Kimco topped FFO expectations and raised full-year guidance to $1.84 to $1.86 per diluted share, with record 96.6% leased occupancy doing the work. There's another $76 million of annual base rent already signed but not yet paying rent, a visible earnings runway into next year.
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Kimco Realty posted funds from operations of $0.47 per diluted share in Q3 2026, exceeding expectations for a fourth straight quarter as demand for grocery-anchored shopping centers held firm.
Pro-rata leased occupancy hit a record 96.6%, the scarcity that lets the open-air REIT push new lease rents higher.
The $76 million of annual base rent already signed but not yet paying is a visible earnings runway into next year without a single new lease. CEO Conor Flynn described it plainly: 'We still see further opportunity to drive our results higher, including $76 million of annual base rent from leases signed but yet to commence.'
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Kimco sold The Witmer multifamily building for $211.5 million and rotated the proceeds into share repurchases and grocery-anchored centers at materially higher cap rates. Capital recycling is doing real work here.
Kimco raised full-year FFO per diluted share guidance to $1.84 to $1.86 and lifted its same-property NOI growth target, a trajectory management says marks a third consecutive year of FFO per share growth above 5%.
Mentioned: KIM