NYSE$KIM
Kimco Realty Corp · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Kimco's fourth quarter results for 2019 showed increased net income and same-property NOI growth, with record-high portfolio and anchor occupancy rates.
Kimco Realty Corp. reported a net income available to common shareholders of $92.8 million, or $0.22 per diluted share, for Q4 2019, compared to $73.6 million, or $0.17 per diluted share, for the same period in 2018. Same-property NOI grew by 2.7%. The company achieved record-high pro-rata anchor occupancy rate of 98.9% and maintained a record-high pro-rata portfolio occupancy rate of 96.4%.
- Net income available to common shareholders was $92.8 million, or $0.22 per diluted share.
- Same-property NOI increased by 2.7%.
- Pro-rata portfolio occupancy rate was maintained at a record-high of 96.4%.
- Pro-rata anchor occupancy rate reached a record-high of 98.9%.
Headline financials
Revenue & EPS history
Kimco · Revenue · Quarterly
$296M
Revenue by segment
Kimco · $296M total across 2 segments · Q4 2019
- Rental Properties, Net$292M—98.5%
- Management and Other Fee Income$4.32M—1.5%
Forward guidance
Kimco provided its full year 2020 outlook, including net income per share between $0.80 and $0.84 and NAREIT FFO per share between $1.46 and $1.50.
Tailwinds
- Net Income available to common shareholders (per diluted share): $0.80 to $0.84
- NAREIT FFO (per diluted share): $1.46 to $1.50
- Same-property NOI: 1.50% to 2.00%
- Dispositions (Blended cap rates: 7.0% to 7.5%): $200 million to $300 million
- Acquisitions (Blended cap rates: 5.0% to 6.0%): $100 million to $200 million
Headwinds
- Projections involve numerous assumptions such as rental income (including assumptions on percentage rent).
- Projections involve interest rates.
- Projections involve tenant defaults.
- Projections involve occupancy rates.
- Projections involve selling prices of properties held for disposition, expenses (including salaries and employee costs), insurance costs and numerous other factors.
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 Q4 2019
+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% | — | — |
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