Kimco Realty Reports Strong Q3 2026 Results with Record Occupancy and Raised Guidance
Kimco Realty (KIM) reported robust third-quarter 2026 financial results, highlighted by a 6.8% year-over-year increase in FFO per diluted share to $0.47. The company's operational performance saw significant acceleration, with same-property NOI growth reaching 4.9% for the quarter. Driven by strong retailer demand and limited new supply, portfolio occupancy hit an all-time high of 96.6%, while small shop occupancy also reached record levels. Following these results, management raised its full-year guidance for both FFO per diluted share ($1.84–$1.86) and same-property NOI growth (3.5%–3.8%). The company is actively executing a capital recycling strategy, divesting lower-growth assets to reinvest in high-growth grocery-anchored retail centers. Additionally, Kimco demonstrated disciplined capital allocation through $150 million in share repurchases and optimized its balance sheet, reporting its best net debt to EBITDA levels since tracking began.
Tickers: $KIM
Topics: FFO growth Guidance raise NOI growth Occupancy rates Rent spreads