Jericho, New York-based Kimco Realty Corporation (KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the U.S. Valued at $14.7 billion by market cap, the company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. The leading grocery-anchored shopping centers REIT is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Thursday, Jul. 31.
Ahead of the event, analysts expect KIM to report an FFO of $0.42 per share on a diluted basis, up 2.4% from $0.41 per share in the year-ago quarter. The company beat or surpassed Wall Street’s FFO estimates in its last four quarterly reports.
For the full year, analysts expect KIM to report FFO of $1.73 per share, up 4.9% from $1.65 per share in fiscal 2024. Its FFO is expected to rise 2.9% year over year to $1.78 per share in fiscal 2026.
KIM stock has underperformed the S&P 500 Index’s ($SPX) 14.5% gains over the past 52 weeks, with shares up 1.8% during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund’s (XLRE) 3.7% gains over the same time frame.
On May 1, KIM shares closed up by 4.9% after reporting its Q1 results. Its FFO per share of $0.44 surpassed Wall Street expectations of $0.42. The company’s revenue was $536.6 million, beating Wall Street forecasts of $525.1 million. KIM expects full-year FFO in the range of $1.71 to $1.74 per share.
Analysts’ consensus opinion on KIM stock is reasonably bullish, with an overall “Moderate Buy” rating. Out of 23 analysts covering the stock, eight advise a “Strong Buy” rating, and 15 give a “Hold.” KIM’s average analyst price target is $24.39, indicating a potential upside of 12.8% from the current levels.
