Kimco Realty Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	2,104	2,019	1,767	1,711	1,350	1,045
Property Management Fees	18.66	17.95	16.34	16.84	14.88	13.01
Total Revenue	2,123	2,037	1,783	1,728	1,365	1,058
Revenue Growth (YoY	8.14%	14.22%	3.23%	26.61%	28.99%	-8.71%
Property Expenses	657.6	637.65	556.72	530.91	417.91	342.97
Selling, General & Administrative	131.39	138.14	136.81	119.53	104.12	93.22
Depreciation & Amortization	629.18	603.69	507.27	505	395.32	288.96
Other Operating Expenses	-	-	-11.09	0.6	-	-
Total Operating Expenses	1,418	1,379	1,190	1,156	917.35	725.14
Operating Income	704.89	657.54	593.7	571.64	447.23	332.75
Interest Expense	-329.53	-307.81	-250.2	-226.82	-204.13	-186.9
Interest & Investment Income	18.22	1.71	202.75	18	16.96	4.1
Income (Loss) on Equity Investments	96.04	93.65	82.99	126.88	107.95	75.98
Other Non-Operating Income	35.89	55.9	20.24	11.43	2.85	0.02
EBT Excluding Unusual Items	525.52	500.98	649.47	501.13	370.86	225.95
Merger & Restructuring Charges	-	-25.25	-4.77	-	-50.19	-
Gain (Loss) on Sale of Investments	-0.03	-27.68	21.26	-315.51	505.16	785.59
Gain (Loss) on Sale of Assets	43.84	1.27	74.98	15.18	30.84	6.48
Asset Writedown	-8.82	-4.48	-14.04	-21.96	-3.6	-6.62
Other Unusual Items	-	-	-	-7.66	-	-7.54
Pretax Income	560.52	444.86	726.9	171.19	853.08	1,004
Income Tax Expense	-46.98	25.42	60.95	56.65	3.38	0.98
Earnings From Continuing Operations	607.5	419.44	665.95	114.53	849.7	1,003
Net Income to Company	607.5	419.44	665.95	114.53	849.7	1,003
Minority Interest in Earnings	-7.88	-8.65	-11.68	11.44	-5.64	-2.04
Net Income	599.62	410.79	654.27	125.98	844.06	1,001
Preferred Dividends & Other Adjustments	38.24	39.52	25.52	27.4	28.46	29.6
Net Income to Common	561.38	371.26	628.76	98.58	815.6	971.23
Net Income Growth	55.99%	-37.21%	419.36%	-85.08%	-15.66%	143.75%
Basic Shares Outstanding	675	672	617	616	506	430
Diluted Shares Outstanding	676	672	618	618	511	432
Shares Change (YoY)	2.83%	8.72%	0.06%	20.82%	18.48%	2.33%
EPS (Basic)	0.83	0.55	1.02	0.16	1.61	2.26
EPS (Diluted)	0.83	0.55	1.02	0.16	1.60	2.25
EPS Growth	57.13%	-45.93%	535.73%	-90.01%	-28.86%	181.33%
Dividend Per Share	1.000	0.970	0.930	0.840	0.680	0.540
Dividend Growth	4.17%	4.30%	10.71%	23.53%	25.93%	-51.79%
Operating Margin	33.20%	32.28%	33.29%	33.09%	32.77%	31.45%
Profit Margin	26.44%	18.23%	35.26%	5.71%	59.77%	91.81%
EBITDA	1,300	1,232	1,079	1,060	824.61	595.99
EBITDA Margin	61.21%	60.46%	60.51%	61.33%	60.43%	56.34%
D&A For Ebitda	594.74	573.98	485.51	487.91	377.38	263.24
EBIT	704.89	657.54	593.7	571.64	447.23	332.75
EBIT Margin	33.20%	32.28%	33.29%	33.09%	32.77%	31.45%
Funds From Operations (FFO)	1,187	1,112	970.02	-	-	-
FFO Per Share	1.75	1.65	1.57	-	-	-
Adjusted Funds From Operations (AFFO)	-	919.74	842.09	-	-	-
AFFO Per Share	-	1.35	1.36	-	-	-
Effective Tax Rate	-	5.71%	8.38%	33.09%	0.40%	0.10%
Revenue as Reported	2,123	2,037	1,783	1,728	1,365	1,058

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.