Kimco Realty Corp

Company facts

Industry

Real Estate Investment Trusts

Headquarters

Jericho, New York

Most recent report

10-Q, filed Oct 29, 2026

Incorporated

Maryland

Filings on record

1,000+ filings

On EDGAR

CIK 879101

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 12 sections worth reading, with 1 positive, 14 notable, and 0 negative flags.

• Full text

  Full financial statements and notes with material new debt, buybacks, and JV gains.
  Notable

  • Issued $600M in exchangeable senior notes due 2031 at 3.50% interest in June 2026.

• Item 2

  Core MD&A with detailed financial results, capital activities, and covenant compliance.
  Positive

  • Same property NOI increased 4.9% in Q3 2026 and 3.3% YTD, driven by higher minimum rent and lower credit losses.
  Notable

  • Impairment charges rose to $14.7M YTD 2026 from $8.6M, including $5.6M from a preferred stock bankruptcy.
  • Tenant concentration low: top tenant (TJX) at 3.8% of annualized base rent, no single tenant above 4%.
  • Operating cash flow increased to $977.8M YTD 2026 from $861.6M, up 13.5%.
  • Repurchased $255.2M of common stock YTD 2026, including $104.7M from exchangeable note proceeds.
  • All debt covenants met with wide headroom: debt-to-assets 35% vs 65% limit, coverage 5.2x vs 1.5x minimum.
  • Credit facility renewed at $2.0B through March 2030, with zero drawn and no letters of credit as of Sept 2026.
  • Executed 1,176 leases totaling 8.5M sq ft YTD 2026, with new lease rent averaging $27.55/sq ft.

• Item 3

  Company-specific interest rate swap program and debt maturity profile with fair values.
  Notable

  • 26 interest rate swaps with $860 million notional to hedge variable-rate debt as of September 30, 2026.
  • Repaid $500 million of 2.80% senior unsecured notes in October 2026, after quarter end.
  • Minimal rate sensitivity: a 1% rate hike would increase interest expense by only $0.1 million for nine months.

• Unregistered Sales and Repurchases (Item 2)

  Large preferred and common buybacks with multiple programs, including a $750M common authorization.
  Notable

  • Class N repurchase: 516,750 shares exchanged for 549,250 common shares, netting $13.8M proceeds.
  • Q3 2026: 6.3M common shares repurchased for $150.0M (weighted avg $23.81), leaving $538.1M available.
  • Separate June 2026 buyback: 4.1M common shares for $104.7M ($25.38/share) funded by Exchangeable Senior Notes offering.

What changed: Sep 2026 vs. Jun 2026

About 7% of KIM's Sep 2026 10-Q is new information. 43 paragraphs were added, 246 changed, and 28 removed. Below are the most important lines SECSift identified.

• Full text 112
• Item 2 109
• Item 6 5
• Item 3 4
• Item 4 1
• Item 5 1