$KIM

Wells Fargo identified six shopping center REITs with attractive risk-reward profiles ahead of Q3 earnings, citing strong fundamentals and compelling valuations. The firm expects solid results and guidance increases, despite adjusting price targets lower due to higher interest rates. The six REITs are Regency Centers (REG), Federal Realty (FRT), InvenTrust (IVT), Kite Realty (KRG), Phillips Edison (PECO), and Kimco Realty (KIM).

Kimco Realty (KIM) raised its quarterly dividend 12% to $0.28 per share, while Simon Property Group (SPG) increased its dividend 4.7% to $2.25 per share. Kimco yields 5.1% and Simon yields 4.5%. Simon's AFFO payout ratio is 76% and Kimco's is 80%. Kimco has higher debt at 6.1x net debt to EBITDA compared to Simon's 5.5x.

Piper Sandler reduced its price target for Kimco Realty from $31 to $27. Jefferies also lowered its target to $23 from $26. Kimco's stock is up 0.89% year-to-date.

UBS lowered its price target on Kimco Realty (KIM) from $29 to $25 but maintained a buy rating. The stock is currently trading at $22.04. Goldman Sachs also recently reduced its target to $24 from $27.

Goldman Sachs lowered its price target for Kimco Realty from $27 to $24. The stock has risen 0.50% in the last 5 days and 9.23% year-to-date. Evercore ISI also adjusted its target to $24 from $25, maintaining an 'In Line' rating.

Kimco Realty (KIM) reported Q2 occupancy at 96.4%, a record, and raised its dividend by 12% to $0.28 per share. It also increased its full-year outlook for FFO and net income. The company signed leases at a 40.4% cash rent spread and sold properties to fund new acquisitions, closing the quarter with $2.7B in liquidity. However, net income per share declined due to higher interest expenses and lower gains on property sales.

JLL arranged $154.1M in financing for a 6-property retail portfolio owned by Kimco Realty and a partner. The 1.31M sq ft portfolio is 99% occupied and anchored by major retailers like Costco and Walmart, located in affluent suburbs across California, Arizona, and Georgia.

Kimco Realty (KIM) and Simon Property Group (SPG) led retail REIT gains in 2026, up 19% and 18% respectively, while Realty Income (O) rose 11%. All outperformed the Vanguard Real Estate ETF (VNQ), which gained 10%. Kimco has a $16.11B market cap, Simon $70.78B, and Realty Income $59.39B. Realty Income highlights its 673 consecutive monthly dividends and investment-grade credit ratings.

Kimco (KIM) reported Q2 2026 FFO per diluted share of $0.46, up 4.5% year over year. Same-property NOI grew 3.5% and occupancy was 96.4%. The company raised full-year FFO guidance to $1.83 to $1.84 per share and same-property NOI guidance to 3.0% to 3.5%, issued $600m exchangeable notes, and declared a $0.28 dividend.

Kimco Realty reported record occupancy (92.9% small shop, 96.4% portfolio) and said it launched its “One Kimco” operating model. It raised full-year FFO guidance midpoint and increased the common dividend 12%. The company issued $600m 3.5% exchangeable notes, reported $2.7b liquidity, and projected $33m cash rent from the SNO pipeline in 2026.