Kimco Realty: A Year of Mixed Results Amid Strong Q1 Gains

Jericho, New York-based Kimco Realty Corporation (KIM) is a real estate investment trust (REIT) with a market cap of $14.4 billion. The company primarily focuses on owning and managing open-air, grocery-anchored shopping centers across North America, while also expanding its portfolio to include mixed-use assets.

Market Performance Overview

Over the past year, Kimco has notably underperformed the broader market. The stock has increased 8.5% during the last 52-week period but has fallen 11.6% year-to-date. In comparison, the S&P 500 Index ($SPX) has experienced 10.2% gains over the same timeframe, despite a 3.9% decline in 2025.

Industry Comparisons

In addition, KIM has trailed behind the JPMorgan Realty Income ETF (JPRE), which has seen a 14.4% surge over the past year and a 1.8% uptick year-to-date.

Strong Q1 Results Drive Positive Momentum

Stock prices for Kimco Realty rose 4.9% following the release of impressive Q1 results on May 1. The company benefited from robust leasing demand, expedited rent commencements, and tenant credit performance that exceeded expectations. Total revenues grew by 6.5% year-over-year to reach $536.6 million, surpassing consensus estimates by 2.2%. Additionally, funds from operations (FFO) climbed 15.3% year-over-year to $301.9 million, with FFO per share of $0.44 exceeding estimates by 4.8%. The company also raised its full-year net income and FFO projections, enhancing investor sentiment.

Future Expectations and Analyst Ratings

For the fiscal year ending December 2025, analysts anticipate a 4.2% year-over-year growth in FFO per share, estimating it at $1.72. Kimco also has a notable history of FFO surprises, consistently exceeding or matching Street projections in the last four quarters.

The consensus rating for KIM stock is a “Moderate Buy.” Among the 22 analysts covering the stock, there are seven “Strong Buys” and 15 “Holds.”

This rating configuration has remained stable in recent months. On May 5, analyst RJ Milligan of Raymond James reaffirmed a “Strong Buy” rating for Kimco while adjusting the price target from $28 to $26. The mean price target of $24.54 suggests an 18.4% upside from current levels, whereas the Street-high target of $30 indicates a potential increase of 44.8%.

On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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