Short answer
Kimco Realty (KIM) filed its Q1 2025 10-Q quarterly report on May 2, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $537M (up 6.5% year over year) with net income of $133M.
Q1 2025 key financials · XBRL
- Revenue
- $537M
- +6.5% YoY
- Net income
- $133M
- +1310.3% YoY
- Operating margin
- 33.6%
Source: XBRL data from the Kimco Realty (KIM) Q1 2025 10-Q on SEC EDGAR. USD.
Kimco Realty Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Elevated capital expenditures with $52.1M spent on operating real estate improvements in Q1 2025, up from $44.1M in Q1 2024, reflecting increased redevelopment efforts
- Updated financing risk: $500M unsecured notes repaid in Feb 2025 with $120M drawn on Credit Facility, reducing net financing outflow to $650.5M from $1.0B in prior year Q1
- Regulatory risk: $2B green Credit Facility with sustainability-tied interest rate (5.12% as of Mar 31, 2025) including covenants linked to environmental metrics and credit rating
- Operational risk: Leasing activity of 451 leases totaling 3.9M sq. ft. with average new lease rent $23.93/sq. ft., impacting near-term cash flow and portfolio occupancy
- Financial risk: Consolidated floating rate debt at $132.4M, fixed-rate swaps covering interest rates between 4.5793%-4.7801% mitigate rate volatility exposure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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