Short answer
Kimco Realty (KIM) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $536M (up 5.6% year over year) with net income of $138M.
Q3 2025 key financials · XBRL
- Revenue
- $536M
- +5.6% YoY · +2.0% QoQ
- Net income
- $138M
- +1.3% YoY · −15.5% QoQ
- Operating margin
- 34.9%
Source: XBRL data from the Kimco Realty (KIM) Q3 2025 10-Q on SEC EDGAR. USD.
Kimco Realty Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue from rental properties $531.1M, up $28.2M (+5.6%) YoY for Q3 2025 vs Q3 2024
- Net income available to common shareholders $130.2M vs $128.0M YoY; diluted EPS unchanged $0.19
- Operating margin approx. 30.2% (calculated: $130.2M net income / $431.6M total revenues) stable YoY (no exact margin provided)
- Same property NOI up 1.9% to $388.6M for Q3 2025, with increase driven by leasing activity (+$7.8M minimum rent)
- Best segment: newly acquired properties adding $11.2M rental revenue; worst impact: dispositions reduced revenue by $1.1M
- Operating cash flow $861.6M for 9 months ended Sept 2025, up $95.5M YoY; investing cash flows used $491.3M vs $91.9M prior year
- Capital deployed: $144.4M spent on property acquisitions/consolidations, $232.0M on improvements (redevelopment, tenant improvements) for 9 months 2025
- Financing: $500M unsecured notes issued June 2025, $740.5M unsecured notes repaid; dividends paid $531.1M vs $507.8M prior year
- Management outlook cautious noting economic challenges like inflation, interest rates, tenant bankruptcies; continue to monitor portfolio for impairments
- Dividend increased to $0.26 per common share quarter; Board maintains conservative payout ratio balancing capital investments and debt reduction
Risk Factors
- No material changes to risk factors from 2024 10-K reported
- Exposure to retail real estate market downturn impacting occupancy and rental rates
- Potential regulatory risks related to environmental compliance and property zoning laws
- Competitive risk from e-commerce growth affecting tenant demand and leasing activity
- Liquidity risk from debt maturity schedule concentrated in next 24 months totaling $500M
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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