Kimco Realty® (NYSE: KIM) has reported its fourth-quarter and full-year 2025 results, showcasing robust financial performance and operational achievements. The company's net income available to common shareholders per diluted share was $0.21 for the fourth quarter of 2025, compared to $0.23 for the same period in 2024. For the full year, net income per diluted share was $0.82 in 2025, a significant increase from $0.55 in 2024.
In terms of funds from operations (FFO), the company saw growth, with FFO per diluted share reaching $0.44 for the fourth quarter of 2025, marking a 4.8% increase from the previous year. For the full year, FFO per diluted share grew by 6.7% over the prior year, reaching $1.76.
Kimco Realty also achieved a 3.0% year-over-year increase in same property net operating income (NOI) for both the fourth quarter and full year 2025. The company reported a pro-rata portfolio occupancy of 96.4%, matching its all-time high, with pro-rata small shop occupancy reaching a new record level of 92.7%.
Furthermore, Kimco Realty's financial activities included the repurchase of 3.1 million shares of common stock during the fourth quarter of 2025 at a weighted average price of $19.96 per share, net of fees and commissions.
In terms of property acquisitions and dispositions, the company acquired the common member interests in the Shoppes at 82nd Street, a target-anchored center, for $74.0 million. Additionally, Kimco Realty engaged in structured investments, including $12.3 million of new capital into Coralwood Center, a 344,000-square-foot shopping center in Cape Coral, Florida.
Looking ahead to 2026, Kimco Realty's outlook includes a range of metrics such as net income, FFO, credit loss as a percentage of total pro-rata rental revenues, lease termination income, and various capital expenditure projections.
The company's leadership also experienced transitions, with Paul Westbrook, Vice President and Chief Accounting Officer, set to retire in March 2026, and Kathleen Thayer, Senior Vice President and Treasurer, assuming the role of Executive Vice President, Treasurer, and Chief Accounting Officer.
Kimco Realty's commitment to shareholder value was evident as the board of directors declared a cash dividend of $0.26 per common share, representing a 4.0% increase over the quarterly dividend in the corresponding period of the prior year.
The market has reacted to these announcements by moving the company's shares 1.35% to a price of $21.06. For more information, read the company's full 8-K submission here.
