NYSE$KIM

Kimco Realty Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Kimco's first quarter results reflected a strong portfolio and liquidity position amidst the emerging COVID-19 pandemic.

Kimco Realty reported solid first-quarter operating performance with a net income of $83.7 million, or $0.19 per diluted share. The company attained a pro-rata anchor occupancy of 98.6% and grew same-property NOI by 1.5%. Kimco also maintained a strong liquidity position with over $2 billion available.

  • Pro-rata anchor occupancy reached 98.6%, an increase of 80 basis points year-over-year.
  • New cash pro-rata leasing spreads grew by 13.3%.
  • Same-property NOI increased by 1.5% compared to the same period in 2019.
  • A new $2.0 billion revolving credit facility was obtained.

Headline financials

Total Revenue

$290M

Previous: $295M-1.8%
EPS (adj)

$0.37

Previous: $0.37+0.0%
Same Property NOI Growth

1.5%

No prior period
Pro-Rata Anchor Occupancy

98.6%

Previous: 97.8%+0.8%
Capital Expenditures

-$16.6M

Previous: -$77.6M+78.6%
Free Cash Flow

$73.5M

Previous: $38.5M+90.8%
Net Income

$90.1M

Previous: $116M-22.4%
Operating Income

$115M

Previous: $134M-14.0%
Gross Profit

$290M

Previous: $292M-0.9%
Cash & Equivalents

$452M

Previous: $144M+214.5%
Total Assets

$11.3B

Previous: $11.1B+2.1%
Stock-Based Comp

$5.91M

Previous: $5.48M+7.8%

Revenue & EPS history

Kimco · Revenue · Quarterly

$290M

Q1 2020-1.8%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Kimco · $290M total across 2 segments · Q1 2020

  • Rental Properties, Net
    $286M-1.6%
  • Management and Other Fee Income
    $3.74M-14.5%

Forward guidance

Kimco withdrew its full-year 2020 guidance due to the economic uncertainty resulting from the COVID-19 Pandemic and is not providing updated 2020 guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.7%

Avg return

30 days after

51%

37 / 72 earnings

Positive

+11.0%

Q1 2018

Best reaction

-11.8%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%-0.4%+1.9%
Q4 2025+1.5%+5.3%+4.2%
Q3 2025-2.0%-4.5%-3.5%
Q1 2025+4.9%+3.2%+6.4%
Q4 2024-0.1%-0.5%-4.4%
Q3 2024-0.8%+2.6%+6.5%
Q2 2024+0.9%+0.0%+7.0%
Q1 2024+3.2%+2.6%+4.6%
Q4 2023-0.4%-3.3%-3.4%
Q3 2023+3.0%+9.5%+14.2%
Q2 2023-2.7%-2.7%-9.6%
Q1 2023+2.8%-0.7%-3.2%
Q4 2022-2.2%-3.3%-15.3%
Q3 2022+3.0%+5.0%+10.8%
Q2 2022+2.8%-0.6%+1.0%
Q1 2022+0.4%-0.8%-5.9%
Q4 2021-3.0%-3.9%-4.0%
Q3 2021-0.4%+0.0%-2.3%
Q2 2021+2.7%+0.0%+5.5%
Q1 2021+0.5%+1.0%+2.0%
Q4 2020+2.3%+0.0%+11.7%
Q3 2020-4.4%+31.8%+45.5%
Q2 2020+5.5%+8.3%+10.7%
Q1 2020+0.4%-12.8%+51.4%
Q4 2019-5.0%-3.1%-13.5%
Q3 2019-0.5%-0.7%+0.2%
Q2 2019-0.3%+3.0%-3.5%
Q1 2019+4.6%+3.2%+0.0%
Q4 2018-1.0%+0.5%-0.1%
Q3 2018+4.3%+9.3%+3.4%
Q2 2018-4.1%-0.1%+2.6%
Q1 2018+11.0%+11.6%+13.2%
Q4 2017+6.6%+6.9%+2.0%
Q3 2017-2.1%-1.6%+0.4%
Q2 2017+6.9%+2.6%+0.9%
Q1 2017-4.8%-5.9%-17.0%
Q4 2016+1.1%-1.1%-4.8%
Q3 2016-3.5%-5.1%-3.3%
Q2 2016+1.9%+2.9%-5.4%
Q1 2016-0.5%
Q4 2015+1.6%
Q3 2015-0.8%
Q2 2015+0.7%
Q1 2015+1.6%
Q4 2014-3.5%
Q3 2014+0.9%
Q2 2014-2.4%
Q1 2014+0.2%
Q4 2013+1.5%
Q3 2013+0.2%
Q2 2013-0.3%
Q1 2013+1.6%
Q4 2012+1.0%
Q3 2012-0.6%
Q2 2012+2.2%
Q1 2012-1.2%
Q4 2011-1.4%
Q3 2011-1.3%
Q2 2011-11.8%
Q1 2011-0.4%
Q4 2010-2.0%
Q3 2010-3.3%
Q2 2010-0.4%
Q1 2009+8.6%
Q1 2010-1.9%
Q4 2007+0.9%
Q4 2009+0.9%
Q3 2008-4.2%
Q3 2009-4.2%
Q2 2008+5.9%
Q4 2008+5.9%
Q2 2009+5.9%

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