Kimco Realty Corporation reported third‑quarter 2025 results, posting net income of $130.2 million, or $0.19 per diluted share, up from $128.0 million in Q3 2024. Funds from operations reached $300.3 million, or $0.44 per diluted share, a 4.4% increase over the $287.4 million recorded in the same quarter last year. The company also raised its 2025 guidance for net income and FFO per diluted share, citing stronger revenue growth and a robust lease‑commencement pipeline that includes $71 million in future annual base rent from signed leases not yet commenced.
Kimco increased its quarterly cash dividend by 4%, to $0.26 per share, and named Will Teichman as Executive Vice President and Chief Innovation & Transformation Officer. The appointment signals a continued focus on technology‑driven operational efficiency, with plans to leverage data analytics and automation across its grocery‑anchored and mixed‑use portfolio. The company also completed the acquisition of the remaining 85% ownership interest in Tanasbourne Village for $65.9 million and received an ‘A‑’ credit rating from S&P Global Ratings, strengthening its balance sheet and portfolio diversification.
The company achieved record small‑shop occupancy of 92.5% and a record leased‑to‑economic occupancy spread of 360 basis points, underscoring strong tenant demand. Kimco’s strategy emphasizes grocery‑anchored centers, which now account for 86% of its annualized base rent, providing resilience amid broader retail market volatility. Liquidity remains robust, with over $2.1 billion in immediate liquidity and no debt maturing until 2026.
Kimco’s Q3 2025 performance reflects disciplined cost management, a healthy lease pipeline, and strategic acquisitions that enhance its portfolio quality. The dividend increase and leadership appointment reinforce the company’s commitment to shareholder value and operational excellence.
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