Kimco Realty Corporation (KIM) SEC Filings & Earnings Calls

Credit loss 57 bps of rental revenues; multifamily sale may indicate portfolio repositioning.

“Credit loss, as a percentage of total pro-rata rental revenues, was 57 basis points” · word for word

Debt maturity concentration

“Debt maturities for 2026 consist of $773.4 million of consolidated debt and $77.7 million of unconsolidated joint venture debt.” · word for word

Interest rate exposure on floating rate debt

“As of June 30, 2026, the Company had consolidated floating rate debt totaling $17.2 million.” · word for word

Increased leverage and potential dilution from exchangeable notes.

“Exchangeable Senior Notes due 2031” · word for word

Increased leverage from new debt issuance, though exchangeable notes may be less dilutive.

“Exchangeable Senior Notes due 2031” · word for word

Interest Rate Sensitivity

“As of March 31, 2026, the Company had consolidated floating rate debt totaling $17.2 million.” · word for word

Debt Maturity Concentration

“Debt maturities for 2026 consist of $805.4 million of consolidated debt and $157.1 million of unconsolidated joint venture debt” · word for word

Tenant Concentration / Retail Environment

“Many of the Company’s long-term leases contain provisions designed to help mitigate the adverse impact of inflation.” · word for word

Higher operating expenses (snow removal, landscaping) and real estate tax increases partially offset rent growth.

“Total operating and maintenance expenses increased $5.7M mainly due to snow removal and landscaping; real estate tax expense +$2.9M.”

Credit loss of 52bps remains manageable but could increase in a weaker economic environment.

“Credit loss, as a percentage of total pro-rata rental revenues, was 52 basis points.” · word for word

Interest rate sensitivity

“the level and volatility of interest rates and management’s ability to estimate the impact thereof” · word for word

Tenant bankruptcy risk

“the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business” · word for word

E-commerce impact on retail

“the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry” · word for word

Retail real estate demand pressure from e-commerce and consumer shifts

“E-commerce and other changes in consumer buying practices present challenges for many of our tenants and may require us to modify our properties, diversify our tenant composition and adapt our leasing practices to remain competitive.” · word for word

Interest rate sensitivity on floating-rate debt

“Borrowings under our unsecured revolving credit facility and commercial paper program bear interest at a floating rate, and as a result, elevated or increased interest rates will increase the amount of interest we must pay.” · word for word

Cybersecurity and ransomware incident risk

“In February 2023, the Company experienced a criminal ransomware attack affecting data contained on legacy servers of Weingarten Realty Investors ("WRI"), which the Company acquired in August 2021.” · word for word

Interest rate sensitivity; rising rates could impact cap rates and financing costs.

“the level and volatility of interest rates” · word for word

Tenant credit risk; financial stability of tenants could affect rent collections.

“the financial stability of the Company’s tenants”

Dilution risk from ATM equity offering

“Equity Sales Agreement for common stock ATM offering”

Interest rate exposure on floating rate debt

“As of September 30, 2025, the Company had consolidated floating rate debt totaling $52.9 million.” · word for word

Concentration in retail tenant credit risk

“Many of the Company’s long-term leases contain provisions designed to help mitigate the adverse impact of inflation.” · word for word

Interest expense increased $8M YoY, partially offsetting revenue growth

“$8.0 million in increased interest expense” · word for word

Credit loss of 75 bps of total pro-rata rental revenue, though manageable

“Credit loss, as a percentage of total pro-rata rental revenue, was 75 basis points for the third quarter” · word for word