Kimco Realty Raises 2026 Outlook After Q2 Revenue Growth

Kimco Realty Corp. raised its full-year 2026 financial outlook on Tuesday following the release of its second-quarter results. The company increased its net income projection to between $1.00 and $1.03 per share, a significant rise from its previous estimate of $0.83 to $0.87 per share.

For the second quarter of 2026, the real estate investment trust reported total revenues of $550.8 million, up from $525.2 million in the same period last year. Funds From Operations reached $309.2 million, or $0.46 per share, compared to $297.6 million, or $0.44 per share, in the prior year's second quarter.

Despite the revenue and FFO growth, net income for the quarter fell to $145.8 million, or $0.22 per share, down from $155.4 million, or $0.23 per share, in the previous year. Along with the net income hike, the company slightly adjusted its full-year FFO per share forecast to $1.83 to $1.84.