Kimco Realty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	2,121	2,019	1,767	1,711	1,350
Property Management Fees	18.72	17.95	16.34	16.84	14.88
Total Revenue	2,140	2,037	1,783	1,728	1,365
Revenue Growth (YoY	5.06%	14.22%	3.23%	26.61%	28.99%
Property Expenses	662.33	637.65	556.72	530.91	417.91
Selling, General & Administrative	133.02	138.14	136.81	119.53	104.12
Depreciation & Amortization	627.09	603.69	507.27	505	395.32
Other Operating Expenses	-	-	-11.09	0.6	-
Total Operating Expenses	1,422	1,379	1,190	1,156	917.35
Operating Income	717.68	657.54	593.7	571.64	447.23
Interest Expense	-330.2	-307.81	-250.2	-226.82	-204.13
Interest & Investment Income	-	1.71	202.75	18	16.96
Income (Loss) on Equity Investments	100.22	93.65	82.99	126.88	107.95
Other Non-Operating Income	53.01	55.9	20.24	11.43	2.85
EBT Excluding Unusual Items	540.71	500.98	649.47	501.13	370.86
Merger & Restructuring Charges	-	-25.25	-4.77	-	-50.19
Gain (Loss) on Sale of Investments	0	-27.68	21.26	-315.51	505.16
Gain (Loss) on Sale of Assets	62.66	1.27	74.98	15.18	30.84
Asset Writedown	-9.52	-4.48	-14.04	-21.96	-3.6
Other Unusual Items	-	-	-	-7.66	-
Pretax Income	593.86	444.86	726.9	171.19	853.08
Income Tax Expense	1.05	25.42	60.95	56.65	3.38
Earnings From Continuing Operations	592.81	419.44	665.95	114.53	849.7
Net Income to Company	592.81	419.44	665.95	114.53	849.7
Minority Interest in Earnings	-8.07	-8.65	-11.68	11.44	-5.64
Net Income	584.74	410.79	654.27	125.98	844.06
Preferred Dividends & Other Adjustments	30.31	39.52	25.52	27.4	28.46
Net Income to Common	554.43	371.26	628.76	98.58	815.6
Net Income Growth	42.35%	-37.21%	419.36%	-85.08%	-15.66%
Basic Shares Outstanding	675	672	617	616	506
Diluted Shares Outstanding	675	672	618	618	511
Shares Change (YoY)	0.47%	8.72%	0.06%	20.82%	18.48%
EPS (Basic)	0.82	0.55	1.02	0.16	1.61
EPS (Diluted)	0.82	0.55	1.02	0.16	1.60
EPS Growth	49.09%	-45.93%	535.73%	-90.01%	-28.86%
Dividend Per Share	-	0.970	0.930	0.840	0.680
Dividend Growth	-	4.30%	10.71%	23.53%	25.93%
Operating Margin	33.53%	32.28%	33.29%	33.09%	32.77%
Profit Margin	25.91%	18.23%	35.26%	5.71%	59.77%
EBITDA	1,319	1,232	1,079	1,060	824.61
EBITDA Margin	61.62%	60.46%	60.51%	61.33%	60.43%
D&A For Ebitda	600.99	573.98	485.51	487.91	377.38
EBIT	717.68	657.54	593.7	571.64	447.23
EBIT Margin	33.53%	32.28%	33.29%	33.09%	32.77%
Funds From Operations (FFO)	-	1,112	970.02	-	-
FFO Per Share	-	1.65	1.57	-	-
Adjusted Funds From Operations (AFFO)	-	919.74	842.09	-	-
AFFO Per Share	-	1.35	1.36	-	-
Effective Tax Rate	0.18%	5.71%	8.38%	33.09%	0.40%
Revenue as Reported	2,140	2,037	1,783	1,728	1,365

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.