Kimco Realty reported October 29 that portfolio leased occupancy reached 96.6% in the third quarter, while net income available to common shareholders rose to $272.5 million from $130.2 million a year earlier.
The earnings increase primarily reflected an additional $122.4 million in property-sale gains, net of impairments. Diluted earnings increased to 41 cents per share from 19 cents.
Funds from operations, which exclude those property-sale gains, rose to $316.2 million from $300.3 million. On a diluted per-share basis, that measure increased 6.8% to 47 cents from 44 cents.
Same-property net operating income increased 4.9%, supported by higher minimum rents. Kimco signed 444 leases covering 2.7 million square feet. Comparable new leases carried cash rents 31.5% above their previous levels.
Small-shop leased occupancy was 92.9%, while anchor occupancy reached 98.2%. The company identified $76 million in annual base rent associated with signed leases that had not yet started.
Kimco also completed the $211.5 million sale of The Witmer, a Virginia apartment building. Its share of the sale price was $116.3 million.
The company’s operating measures supplement, rather than replace, its reported earnings.
Sources: Kimco Realty — October 29 Results: https://www.globenewswire.com/news-release/2026/10/29/3391073/27734/en/kimco-realty-announces-third-quarter-2026-results.html