KIM
Kimco Realty Corporation20.08
-0.42-2.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Recycling details, org efficiencies shine
Q&A fleshed out capital recycling plans, emphasizing 1031 exchanges to defer gains on $300M-$500M dispositions at 5-6% caps—potentially triggering a special dividend if incomplete—while prioritizing leasing first, then redevelopment at double-digit returns, structured investments, and buybacks. Management detailed org realignment to national leasing/asset teams and a new Office of Innovation deploying AI automation and data tools for G&A savings beyond $3M midpoint. Tenant health signals strengthened, with 98% of 47 naked anchors resolved at 30% mark-to-markets and Michaels off watchlist. Leasing momentum could lift small shops to 94-95%. No contradictions; answers reinforce scripted confidence. Recycling execution matters for the thesis.
Key Stats
Market Cap
13.60BP/E (TTM)
24.19Basic EPS (TTM)
0.83Dividend Yield
0.05%Recent Filings
10-K
8-K
8-K
8-K
8-K
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