Equity Profile

KIM

Kimco Realty Corporation

Real EstateRetail REITs$16.9B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Kimco Realty Corporation is a real estate investment trust (REIT) that primarily focuses on owning and managing shopping centers. With a market cap of $17 billion, it plays a significant role in the retail sector, which is influenced by consumer spending trends and the ongoing evolution of retail environments.

Key Metrics to Watch

Funds From Operations (FFO)

FFO is a key performance indicator for REITs, reflecting the cash generated from operations. Investors will look for growth or stability in this metric.

N/A

Occupancy Rate

A high occupancy rate indicates strong demand for Kimco's properties, which is crucial for revenue stability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KIM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-12.17%

Avg Stock Reaction

+0.17%

Last Quarter Recap

In Q1 2026, Kimco reported an earnings per share (EPS) of $0.46, slightly beating expectations. The stock remained stable, reflecting cautious investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

As Kimco approaches its Q2 2026 earnings report, investors are watching for signs of continued recovery in retail and occupancy rates. The market is uncertain, given mixed signals from the broader retail environment.

Bull Case

If Kimco shows strong occupancy rates and positive same-store sales growth, it could signal a robust recovery in retail, driving stock prices higher.

Bear Case

Conversely, if occupancy rates decline or if there are signs of tenant struggles, it could raise concerns about future revenue and lead to stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate and how does it compare to last quarter?

Occupancy rates are critical for assessing revenue stability and growth potential, especially in a recovering retail environment.

What are the same-store sales growth figures for key tenants?

This metric will provide insights into the health of Kimco's tenants and their ability to pay rent, impacting future earnings.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the resilience of Kimco's tenant base, particularly in essential retail segments that have shown strong recovery.

Supporting Evidence

Past earnings have shown a consistent ability to beat EPS estimates, indicating underlying strength.

The options market is pricing a larger move than historical averages suggest, indicating potential for a surprise.

Recent trends in consumer spending show a shift back to brick-and-mortar shopping, potentially benefiting Kimco.

Key Risk

If occupancy rates show unexpected improvement, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around occupancy rates and tenant performance, which are crucial for future earnings.

Bull Confirmed If

An occupancy rate above 95% would confirm the bull case, indicating strong demand for Kimco's properties.

Bear Confirmed If

An occupancy rate below 90% would confirm the bear case, raising concerns about revenue stability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.87%

Historical Avg

±1.74%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options price a 4.87% move, but the stock has averaged only 1.74% over the last 8 quarters — setup is rich.

Detail

ATM IV

0.2%

30d HV

16.7%

Calls (700)P/C Ratio: 0.41Puts (800)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

This setup has occurred 30 times across Real Estate in the last 2 years. 19 of 30 (63%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.8%, with a raw directional average of +0.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Kimco beats expectations, history suggests the stock could rise by about 0.92%, confirming a positive outlook for the retail sector.

In-Line / Cautious

If results are in line but management expresses caution, the stock may react moderately, reflecting ongoing uncertainty in retail.

Miss

If Kimco misses expectations, history suggests a potential decline of around 1.08%, indicating investor concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes from the previous quarter.
2Details on same-store sales growth for major tenants.
3Any commentary on the impact of economic conditions on retail performance.
4Insights into new leasing activity or tenant expansions.
5Management's outlook on the retail sector for the remainder of the year.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Funds From Operations (FFO)

FFO is a key performance indicator for REITs, reflecting the cash generated from operations. Investors will look for growth or stability in this metric.

N/A

Occupancy Rate

A high occupancy rate indicates strong demand for Kimco's properties, which is crucial for revenue stability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KIM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-12.17%

Avg Stock Reaction

+0.17%

Last Quarter Recap

In Q1 2026, Kimco reported an earnings per share (EPS) of $0.46, slightly beating expectations. The stock remained stable, reflecting cautious investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Kimco shows strong occupancy rates and positive same-store sales growth, it could signal a robust recovery in retail, driving stock prices higher.

Bear Case

Conversely, if occupancy rates decline or if there are signs of tenant struggles, it could raise concerns about future revenue and lead to stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate and how does it compare to last quarter?

Occupancy rates are critical for assessing revenue stability and growth potential, especially in a recovering retail environment.

What are the same-store sales growth figures for key tenants?

This metric will provide insights into the health of Kimco's tenants and their ability to pay rent, impacting future earnings.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the resilience of Kimco's tenant base, particularly in essential retail segments that have shown strong recovery.

Supporting Evidence

Past earnings have shown a consistent ability to beat EPS estimates, indicating underlying strength.

The options market is pricing a larger move than historical averages suggest, indicating potential for a surprise.

Recent trends in consumer spending show a shift back to brick-and-mortar shopping, potentially benefiting Kimco.

Key Risk

If occupancy rates show unexpected improvement, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around occupancy rates and tenant performance, which are crucial for future earnings.

Bull Confirmed If

An occupancy rate above 95% would confirm the bull case, indicating strong demand for Kimco's properties.

Bear Confirmed If

An occupancy rate below 90% would confirm the bear case, raising concerns about revenue stability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.87%

Historical Avg

±1.74%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options price a 4.87% move, but the stock has averaged only 1.74% over the last 8 quarters — setup is rich.

Detail

ATM IV

0.2%

30d HV

16.7%

Calls (700)P/C Ratio: 0.41Puts (800)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Kimco beats expectations, history suggests the stock could rise by about 0.92%, confirming a positive outlook for the retail sector.

In-Line / Cautious

If results are in line but management expresses caution, the stock may react moderately, reflecting ongoing uncertainty in retail.

Miss

If Kimco misses expectations, history suggests a potential decline of around 1.08%, indicating investor concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes from the previous quarter.
2Details on same-store sales growth for major tenants.
3Any commentary on the impact of economic conditions on retail performance.
4Insights into new leasing activity or tenant expansions.
5Management's outlook on the retail sector for the remainder of the year.