
• Reported GAAP EPS of $0.23 up 27.78% YoY • Reported revenue of $558.02M up 3.99% YoY • Kimco Realty updated its 2026 outlook, raising net income per diluted share to $0.83 to $0.87 and FFO per diluted share to $1.81 to $1.84. The company also raised its same property NOI growth.
Bullish
Kimco Realty demonstrated strong Q1 leasing with robust rent spreads and achieved record occupancy spread, driving future ABR growth. Strategic investments and mixed-use development enhance the company's portfolio.
Bearish
Kimco Realty's Q1 was impacted by increased operating expenses, and its 2026 outlook implies higher credit losses. The company also faces structural risks from evolving e-commerce and consumer buying practices.