KIMCO REALTY CORP

KIM 10-Q · Q3 2025

KIM Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Operating Lease Lease Income 531,113 502,875 +5.6%
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Real Estate Rental Operations [Member] 531,113 502,875 +5.6%
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Kimco Realty OP, LLC [Member] 531,113 502,875 +5.6%
Management Fee And Other Fee Income 4,748 4,757 -0.2%
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Kimco Realty OP, LLC [Member] 4,748 4,757 -0.2%
Revenue 535,861 507,632 +5.6%
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Kimco Realty OP, LLC [Member] 535,861 507,632 +5.6%
Operating Expenses Rent -4,164 -4,239 +1.8%
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Real Estate Rental Operations [Member] -4,164 -4,239 +1.8%
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Kimco Realty OP, LLC [Member] -4,164 -4,239 +1.8%
Real Estate Tax Expense -67,384 -64,996 -3.7%
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Real Estate Rental Operations [Member] -67,384 -64,996 -3.7%
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Kimco Realty OP, LLC [Member] -67,384 -64,996 -3.7%
Other Cost And Expense Operating -92,434 -88,744 -4.2%
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Real Estate Rental Operations [Member] -92,434 -88,744 -4.2%
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Kimco Realty OP, LLC [Member] -92,434 -88,744 -4.2%
General & Administrative -29,646 -33,850 +12.4%
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Kimco Realty OP, LLC [Member] -29,646 -33,850 +12.4%
Asset Impairment Charges -440 -375 -17.3%
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Kimco Realty OP, LLC [Member] -440 -375 -17.3%
Depreciation And Amortization -158,269 -144,688 -9.4%
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Kimco Realty OP, LLC [Member] -158,269 -144,688 -9.4%
Operating Expenses -352,337 -336,892 -4.6%
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Real Estate Rental Operations [Member] -163,982 -157,979 -3.8%
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Kimco Realty OP, LLC [Member] -352,337 -336,892 -4.6%
Total Net Gain Loss On Sale Of Operating Properties 3,705 551 +572.4%
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Kimco Realty OP, LLC [Member] 3,705 551 +572.4%
Operating Income 187,229 171,291 +9.3%
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Kimco Realty OP, LLC [Member] 187,229 171,291 +9.3%
Other Non-Operating Income (Expense) -2,362 10,284 -123.0%
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Kimco Realty OP, LLC [Member] -2,362 10,284 -123.0%
Mortgage And Other Financing Income Net 12,375 11,919 +3.8%
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Kimco Realty OP, LLC [Member] 12,375 11,919 +3.8%
Marketable Securities Gain Loss Excluding Other Than Temporary Impairments 43 79 -45.6%
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Kimco Realty OP, LLC [Member] 43 79 -45.6%
Interest Expense -84,261 -76,216 -10.6%
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Kimco Realty OP, LLC [Member] -84,261 -76,216 -10.6%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 113,024 117,357 -3.7%
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Kimco Realty OP, LLC [Member] 113,024 117,357 -3.7%
Income Tax Expense (Benefit) 875 -128 +783.6%
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Kimco Realty OP, LLC [Member] 875 -128 +783.6%
Income Loss From Investments In Joint Ventures 26,967 20,981 +28.5%
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Kimco Realty OP, LLC [Member] 26,967 20,981 +28.5%
Income Loss From Other Investments -811 216 -475.5%
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Kimco Realty OP, LLC [Member] -811 216 -475.5%
Net Income 140,055 138,426 +1.2%
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Kimco Realty OP, LLC [Member] 140,055 138,426 +1.2%
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest -2,280 -2,443 +6.7%
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Kimco Realty OP, LLC [Member] -1,986 -2,227 +10.8%
Net Income 137,775 135,983 +1.3%
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Kimco Realty OP, LLC [Member] 138,069 136,199 +1.4%
Preferred Stock Dividends Income Statement Impact -7,536 -7,961 +5.3%
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Kimco Realty OP, LLC [Member] -7,536 -7,961 +5.3%
Net Income Loss Available To Common Stockholders Basic 130,239 128,022 +1.7%
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Kimco Realty OP, LLC [Member] 130,533 128,238 +1.8%
Income Loss From Continuing Operations Per Basic Share 0.19 0.19 0.0%
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Kimco Realty OP, LLC [Member] 0.19 0.19 0.0%
Income Loss From Continuing Operations Per Diluted Share 0.19 0.19 0.0%
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Kimco Realty OP, LLC [Member] 0.19 0.19 0.0%
Wtd Avg Shares (Basic) 674,639 671,231 +0.5%
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Kimco Realty OP, LLC [Member] 675,641 672,185 +0.5%
Wtd Avg Shares (Diluted) 675,423 671,577 +0.6%
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Kimco Realty OP, LLC [Member] 676,425 672,531 +0.6%
Comprehensive Income 136,721 111,262 +22.9%
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Kimco Realty OP, LLC [Member] 137,015 111,478 +22.9%
Other Comprehensive Income (Q)
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Accumulated Other Comprehensive Income -1,054 -24,721 +95.7%
AOCI, Cash Flow Hedges For Interest Payments Of Unconsolidated Investee, Parent [Member] -514 -2,671 +80.8%
AOCI, Cash Flow Hedges For Interest Payments, Parent [Member] -540 -22,050 +97.6%
Income Loss From Equity Method Investments (Q)
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
CPP [Member] -2.8 -2.5 -12.0%
Joint Ventures -27 -21 -28.6%
KIR [Member] -9.1 -8.8 -3.4%
Other Institutional Joint Ventures [Member] -1.5 -1 -50.0%
Other Joint Venture Programs [Member] -3.1 -3 -3.3%
Other Real Estate Investments 811 -216 +475.5%
Prudential Investment Program [Member] -8.1 -3.1 -161.3%
R2G Venture LLC [Member] -2.4 -2.6 +7.7%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 159,339 788,951 -79.8%
Non-Current Assets
Operating Lease Right-of-Use Assets 129,217 130,914 -1.3%
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Kimco Realty OP, LLC [Member] 129,217 130,914 -1.3%
Total Assets 19,880,039 20,128,996 -1.2%
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Kimco Realty OP, LLC [Member] 19,880,039 20,128,996 -1.2%
Kimco Realty OP, LLC [Member] · Variable Interest Entity Primary Beneficiary 353,262 333,749 +5.8%
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Variable Interest Entity Primary Beneficiary · Asset Pledged As Collateral 353,262 333,749 +5.8%
Variable Interest Entity Primary Beneficiary · Consolidated Operating Properties [Member] 1.7 1.7 0.0%
Variable Interest Entity Primary Beneficiary · Real Estate Investment 22.7
Current Liabilities
Total Current Liabilities (Q)
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Variable Interest Entity Primary Beneficiary · Consolidated Operating Properties [Member] 161.2 169.9 -5.1%
Non-Current Liabilities
Total Liabilities 9,195,037 9,386,245 -2.0%
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Kimco Realty OP, LLC [Member] 9,195,037 9,386,245 -2.0%
Kimco Realty OP, LLC [Member] · Variable Interest Entity Primary Beneficiary 161,221 169,855 -5.1%
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Variable Interest Entity Primary Beneficiary · Nonrecourse 161,221 169,855 -5.1%
Stockholders' Equity
Common Stock 6,772 6,741 +0.5%
Additional Paid-In Capital 10,984,725 10,917,003 +0.6%
Retained Earnings -496,466 -387,067 -28.3%
Accumulated Other Comprehensive Income -8,844 -13,485 +34.4%
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Kimco Realty OP, LLC [Member] -8,844 -13,485 +34.4%
Total Stockholders' Equity 10,486,208 10,523,213 -0.4%
Total Liabilities & Equity 19,880,039 20,128,996 -1.2%
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Kimco Realty OP, LLC [Member] 19,880,039 20,128,996 -1.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization 473,045 447,555 +5.7%
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Kimco Realty OP, LLC [Member] 473,045 447,555 +5.7%
Stock-Based Compensation 25,278 26,384 -4.2%
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Kimco Realty OP, LLC [Member] 25,278 26,384 -4.2%
Net Cash from Operations 861,644 766,080 +12.5%
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Kimco Realty OP, LLC [Member] 861,644 766,080 +12.5%
Investing Activities
Capital Expenditures 18.4
Net Cash from Investing -491,318 -91,855 -434.9%
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Kimco Realty OP, LLC [Member] -491,318 -91,855 -434.9%
Financing Activities
Share Repurchases -58,844
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Kimco Realty OP, LLC [Member] -58,844
Tax Withholding for Share Compensation -11,672 -15,260 +23.5%
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Kimco Realty OP, LLC [Member] -11,672 -15,260 +23.5%
Net Cash from Financing -899,576 -667,938 -34.7%
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Kimco Realty OP, LLC [Member] -899,576 -667,938 -34.7%
Supplemental
Income Taxes Paid 25,806 61,073 -57.7%
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Kimco Realty OP, LLC [Member] 25,806 61,073 -57.7%
Interest Paid 243,298 220,719 +10.2%
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Kimco Realty OP, LLC [Member] 243,298 220,719 +10.2%
Other Cash Flow
Net Change in Cash -529,250 6,287 -8518.2%
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Kimco Realty OP, LLC [Member] -529,250 6,287 -8518.2%

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

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