NYSE$KIM
Kimco Realty Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Kimco's second quarter results for 2023 reflected strength in operating platform through strategic vacancy backfilling, accretive rental spreads, and robust leasing activity.
Kimco Realty reported a net income of $100.4 million, or $0.16 per diluted share, for Q2 2023, compared to a net loss of ($125.8) million, or ($0.21) per diluted share, for Q2 2022. The company's pro-rata portfolio occupancy increased by 70 basis points year-over-year to 95.8%, and same-property NOI grew by 2.3%. Kimco generated $144.9 million from the sale of 7.0 million shares of Albertsons Companies, Inc.
- FFO was $0.39 per diluted share.
- Pro-rata portfolio occupancy increased 70 basis points year-over-year to 95.8%.
- Pro-rata small shop occupancy grew 30 basis points sequentially to 91.0%, representing an increase of 180 basis points year-over-year.
- Same-Property Net Operating Income grew by 2.3%.
Headline financials
Revenue & EPS history
Kimco · Revenue · Quarterly
$443M
Revenue by segment
Kimco · $443M total across 2 segments · Q2 2023
- Rental Properties, Net$439M+3.7%99.1%
- Management and Other Fee Income$3.83M-2.4%0.9%
Forward guidance
Kimco updated its full-year guidance ranges based on actual results of the second quarter and outlook for the remainder of 2023.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro