# Kimco’s Occupancy Reaches 96.6% as Property Sales Lift Net Income

The shopping-center owner reported stronger operating results, with asset-sale gains accounting for much of its earnings increase.

By Will Langan | 24X7 News
Published: 2026-10-29T14:05:32.584Z
Updated: 2026-10-29T14:05:32.584Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/kimco-third-quarter-results-october-29-2026

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

## 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