Kimco Realty Corp (NYSE:KIM) Reports Mixed Q2 2025 Results: EPS Beats, Revenue Misses, and Raised Full-Year Outlook

Kimco Realty Corp (NYSE:KIM) reported mixed second-quarter 2025 results, with earnings per share (EPS) significantly surpassing analyst expectations while revenue fell slightly short. The real estate investment trust (REIT) also raised its full-year outlook, citing strong growth in net income and funds from operations (FFO).

Earnings vs. Estimates

• EPS Beat: The company posted Q2 EPS of $0.44, well above the consensus estimate of $0.17. This substantial beat suggests stronger-than-expected profitability, likely driven by cost controls and operational efficiency.
• Revenue Miss: Reported revenue came in at $525.2 million, slightly below the estimated $528.2 million. While the shortfall is marginal, it may reflect slower-than-anticipated leasing activity or rent growth.

Market Reaction

Despite the EPS beat, shares dipped 2.28% in pre-market trading. This reaction could indicate investor concerns over the revenue miss or broader market sentiment toward REITs amid fluctuating interest rates. Over the past month, the stock has seen modest gains (+3.4%), but the immediate post-earnings decline suggests some caution.

Key Highlights from the Press Release

• Same-Property NOI Growth: Net operating income (NOI) for comparable properties rose 3.1%, reflecting healthy leasing demand and rent escalations.
• Record Small Shop Occupancy: The company achieved a new high in small-shop occupancy, underscoring strong tenant demand for its retail spaces.
• Raised 2025 Outlook: Kimco increased its full-year guidance, signaling confidence in continued earnings and FFO growth.

Looking Ahead

Analysts estimate Q3 2025 revenue at $529.3 million and EPS at $0.17, while full-year 2025 sales are projected at $2.14 billion. The company’s upward revision of its outlook suggests it may outperform these estimates, but investors will watch for execution on leasing and redevelopment initiatives.

For more detailed earnings data and analyst estimates, visit Kimco Realty’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.