What Kimco Realty's latest 10-Q says: 3 signals
Kimco Realty filed its latest 10-Q with the SEC on Aug 4, 2026. It discusses capex increase, debt refinancing and inflation impact.
Public (KIM)Leasing Real Estate5,001 to 10,000 employeeskimcorealty.comLinkedIn
- Filed
- Aug 4, 2026
- Filings
- 2
- Signals
- 10
10-Q · latest 9
What Kimco Realty's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 3 signals
Kimco repurchased $104.7M in stock using proceeds from new June 2026 debt offering.
In June 2026, the company issued new Exchangeable Senior Notes and immediately used a portion of the proceeds for a $104.7 million share buyback.
$104.7M
Share repurchase funded by proceeds from Exchangeable Senior Notes offering
U.S. Bank Trust Company, National Association
Kimco is spending $58.6M on leasing costs, including $43.5M for tenant improvements.
The company is investing significant capital to secure 826 new and renewed leases, with $43.5 million allocated specifically to tenant improvements.
$43.5M
Tenant improvements for new and renewed leases
Kimco faces $1.9M increase in non-recoverable expenses despite inflation mitigation efforts.
The company is actively using CPI-based rent escalations and expense pass-throughs to combat inflation, but still experienced a $1.9 million YTD increase in non-recoverable expenses, impacting Same Property NOI.
$1.9M
Increase in non-recoverable expenses for the six months ended June 30, 2026.
- SEC EDGAR
10-Q
Filed · 7 signals
Kimco's Q1 leasing success triggers $30.9M in costs, including $22.9M for tenant improvements.
The company executed 469 new and renewed leases in Q1, which necessitates an estimated $22.9 million in tenant improvement spending and $8.0 million in leasing commissions.
$30.9M
Total estimated costs associated with Q1 2026 leases
Kimco reports a $2.7M decrease in net recovery income, highlighting cost pressures.
In Q1 2026, the company experienced a $2.7 million decrease in recovering operating expenses from tenants compared to the prior year.
$2.7M
Decrease in net recovery income for Q1 2026 vs Q1 2025
Toronto Dominion (Texas) LLCTD Bank, N.A.JPMorgan Chase Bank, N.A.
Kimco generated $15.7M from property sales in Q1 2026, indicating active portfolio management.
The company is actively managing its portfolio by selling properties, recognizing a $15.7 million gain during the quarter.
$15.7M
Gain on sale of properties in Q1 2026
JPMorgan Chase Bank, N.A.Toronto Dominion (Texas) LLC
Company spent $30.9M on leasing costs for 469 leases in Q1, indicating high operational volume.
Kimco executed 469 new and renewed leases in Q1 2026, incurring $22.9M in tenant improvements and $8.0M in commissions.
$30.9M
Leasing costs (tenant improvements and commissions) for Q1 2026
Toronto Dominion (Texas) LLCTD Bank, N.A.JPMorgan Chase Bank, N.A.
Company executed multiple debt agreement amendments in February and March 2026.
Kimco recently amended its Term Loan Agreement and two Credit Agreements, indicating a strategic focus on optimizing its capital structure.
JPMorgan Chase Bank, N.A.Toronto Dominion (Texas) LLCTD Bank, N.A.
Kimco's Same Property NOI growth was dampened by a $2.7M decrease in net recovery income in Q1.
The company's inability to fully recover operating expenses from tenants is creating a drag on profitability, even amidst strong rental growth.
$2.7M
Decrease in net recovery income
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Kimco Realty earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| New Chief Innovation Officer to lead digital, data, and AI initiativesKimco has created a new "Office of Innovation and Transformation" and promoted Will Teichman to Chief Innovation and Transformation Officer. This new function is tasked with accelerating innovation by harnessing emerging technologies like AI, creating a prime opportunity for vendors in data analytics, AI platforms, and digital transformation consulting. | |
| Investing in technology stack with an ROI-based approach.Leadership confirmed a focus on investing in their technology stack to drive efficiencies and growth, creating opportunities for tech vendors who can demonstrate a clear return on investment. | |
| Raised full-year 2025 FFO guidance on strong performance and visibility.The company increased its full-year Funds From Operations (FFO) guidance, signaling strong financial health and confidence in future earnings, which supports budget availability for new projects. | |
| Activating new multifamily projects with $260M under construction.The company is expanding into residential development by activating new multifamily projects, with $260 million in gross costs for projects under construction and more planned in the next 1-2 years. | |
| Achieved all-time high future rent pipeline of $71 million.The signed-but-not-opened (SNO) lease pipeline grew to a record $71 million, providing strong visibility into future revenue growth and demonstrating successful leasing momentum that will fuel future spending. | |
| Experienced 130 basis point NOI drag from recent tenant bankruptciesRecent bankruptcies (Party City, JOANN's, Rite Aid) created a 130 basis point drag on same-site NOI, highlighting the ongoing operational and financial challenge of tenant risk. This creates a need for solutions that can help predict tenant defaults, manage portfolio risk, and accelerate the re-leasing process for vacant spaces. |
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .