KIMCO REALTY CORP

KIM 10-K · FY 2025

KIM FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 2,140,116 2,037,014 +5.1%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 2,140,116 2,037,014 +5.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures 678 677.5 +0.1%
General & Administrative -133,015 -138,140 +3.7%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -133,015 -138,140 +3.7%
Operating Expenses -1,431,956 -1,409,200 -1.6%
Show Product Lines breakouts
Real Estate Rental Operations [Member] -662,334 -637,653 -3.9%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -1,431,956 -1,409,200 -1.6%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures -212.3 -208.4 -1.9%
Operating Income 770,823 629,088 +22.5%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 770,823 629,088 +22.5%
Other Non-Operating Income (Expense) 2,047 28,074 -92.7%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 2,047 28,074 -92.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures -3 3.3 -190.9%
Income Tax Expense (Benefit) -1,046 -25,417 +95.9%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -1,046 -25,417 +95.9%
Show Consolidated Entities breakouts
REIT [Member] 1,131 -25,320 +104.5%
TRSs and Taxable Entities [Member] -2,177 -97 -2144.3%
Net Income 584,741 410,785 +42.3%
Show Legal Entity breakouts
GAAP Net Income From REIT Operations [Member] 583,753 411,273 +41.9%
Kimco Realty OP, LLC [Member] 585,915 411,440 +42.4%
TRSs and Taxable Entities [Member] -988 488 -302.5%
Net Income 592,810 419,439 +41.3%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 592,810 419,439 +41.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures 216.8 189 +14.7%
Comprehensive Income 564,911 418,494 +35.0%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 566,085 419,149 +35.1%
Other Comprehensive Income (FY)
Show Equity Components breakouts
Accumulated Other Comprehensive Income -19,830 7,709 -357.2%
AOCI, Cash Flow Hedges For Interest Payments Of Unconsolidated Investee, Parent [Member] -4,021 470 -955.5%
AOCI, Cash Flow Hedges For Interest Payments, Parent [Member] -15,809 7,239 -318.4%
Wtd Avg Shares (Basic) 675,050 671,561 +0.5%
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Kimco Realty OP, LLC [Member] 676,042 672,512 +0.5%
Wtd Avg Shares (Diluted) 675,279 672,136 +0.5%
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Kimco Realty OP, LLC [Member] 676,270 673,086 +0.5%
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 10,215 9,215 +10.9%
Interest Expense -330,196 -307,806 -7.3%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -330,196 -307,806 -7.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures -80.1 -87.5 +8.5%
Net Income Loss Available To Common Stockholders Basic 554,430 375,718 +47.6%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 555,604 376,373 +47.6%
Depreciation And Amortization -627,090 -603,685 -3.9%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -627,090 -603,685 -3.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures -199.5 -203.5 +2.0%
Income Loss From Equity Method Investments -96.8 -83.8 -15.5%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] · Joint Ventures -96,781 -83,827 -15.5%
Kimco Realty OP, LLC [Member] · Other Real Estate Investments -3,440 -9,821 +65.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
CPP [Member] -12.3 -9.9 -24.2%
Joint Venture Restructuring [Member] -4.7
Joint Ventures -96,781 -83,827 -15.5%
KIR [Member] -37.5 -36.6 -2.5%
Other Institutional Joint Ventures [Member] -5.1 -3.7 -37.8%
Other Joint Venture Programs [Member] -17.6 -12.7 -38.6%
Other Real Estate Investments -3,440 -9,821 +65.0%
Preferred Equity Investments [Member] -3.5 -13.8 +74.6%
Prudential Investment Program [Member] -15.6 -11.9 -31.1%
R2G Venture LLC [Member] -8.7 -9 +3.3%
Operating Lease Lease Income 2,121,400 2,019,065 +5.1%
Show Product Lines breakouts
Real Estate Rental Operations [Member] 2,121,400 2,019,065 +5.1%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 2,121,400 2,019,065 +5.1%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 493,635 351,208 +40.6%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 493,635 351,208 +40.6%
Preferred Stock Dividends Income Statement Impact -30,311 -31,763 +4.6%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -30,311 -31,763 +4.6%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 211,648 688,622 -69.3%
Non-Current Assets
Operating Lease Right-of-Use Assets 127,596 126,441 +0.9%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 127,596 126,441 +0.9%
Total Assets 19,688,250 20,309,896 -3.1%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 19,688,250 20,309,896 -3.1%
Kimco Realty OP, LLC [Member] · Variable Interest Entity Primary Beneficiary 358,236 334,859 +7.0%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Asset Pledged As Collateral 358,236 334,859 +7.0%
Variable Interest Entity Primary Beneficiary · Consolidated Operating Properties [Member] 1.7 1.7 0.0%
Variable Interest Entity Primary Beneficiary · Real Estate Investment 28.1
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures 5,039.3 5,241.5 -3.9%
Current Liabilities
Total Current Liabilities (Q)
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Consolidated Operating Properties [Member] 153 161.6 -5.3%
Non-Current Liabilities
Long-Term Debt 7,718.7 7,964.7 -3.1%
Show Long-Term Debt Type breakouts
Mortgages 467.2 496.4 -5.9%
Senior Unsecured Notes 1 [Member] 511.5
Senior Unsecured Notes 2 [Member] 50
Senior Unsecured Notes 3 [Member] 100
Senior Unsecured Notes 4 [Member] 50
Senior Unsecured Notes 5 [Member] 110
Total Liabilities 9,120,372 9,464,107 -3.6%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 9,120,372 9,464,107 -3.6%
Kimco Realty OP, LLC [Member] · Variable Interest Entity Primary Beneficiary 153,044 161,577 -5.3%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Nonrecourse 153,044 161,577 -5.3%
Stockholders' Equity
Common Stock 6,741 6,795 -0.8%
Additional Paid-In Capital 10,922,596 11,033,485 -1.0%
Retained Earnings -528,730 -398,792 -32.6%
Accumulated Other Comprehensive Income -8,792 11,038 -179.7%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -8,792 11,038 -179.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures -0.7 6.6 -110.6%
Total Stockholders' Equity 10,391,836 10,652,547 -2.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures 3,493.9 3,627.7 -3.7%
Total Liabilities & Equity 19,688,250 20,309,896 -3.1%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 19,688,250 20,309,896 -3.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Joint Ventures 5,039.3 5,241.5 -3.9%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 627,090 603,685 +3.9%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 627,090 603,685 +3.9%
Stock-Based Compensation 33,225 34,900 -4.8%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 33,225 34,900 -4.8%
Net Cash from Operations 1,120,015 1,005,621 +11.4%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 1,120,015 1,005,621 +11.4%
Investing Activities
Capital Expenditures 18.4
Net Cash from Investing -376,815 -318,541 -18.3%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -376,815 -318,541 -18.3%
Financing Activities
Share Repurchases -120,329
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Kimco Realty OP, LLC [Member] -120,329
Tax Withholding for Share Compensation -12,095 -15,849 +23.7%
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Kimco Realty OP, LLC [Member] -12,095 -15,849 +23.7%
Debt Repayments (FY)
Show Long-Term Debt Type breakouts
Senior Unsecured Notes 6 [Member] 240.5
Senior Unsecured Notes 7 [Member] 500
Net Cash from Financing -1,220,137 -781,106 -56.2%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -1,220,137 -781,106 -56.2%
Supplemental
Income Taxes Paid 23,462 60,936 -61.5%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 23,462 60,936 -61.5%
Interest Paid 318,962 301,239 +5.9%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] 318,962 301,239 +5.9%
Other Cash Flow
Net Change in Cash -476,937 -94,026 -407.2%
Show Legal Entity breakouts
Kimco Realty OP, LLC [Member] -476,937 -94,026 -407.2%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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