Operating
Amortization of above and below Market Leases
Kimco Realty Amortization of above and below Market Leases decreased by 61.5% to -$13.63M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 156.6%, from -$5.31M to -$13.63M. Over 4 years (FY 2021 to FY 2025), Amortization of above and below Market Leases shows a downward trend with a 20.0% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryProfitability
SignalContext dependent
VolatilityStable
First reportedQ1 2020
Last reportedQ1 2026Apr 30, 2026
How to read this metric
Positive or negative adjustments indicate whether the acquired portfolio's leases are currently priced above or below market rates.
Detailed definition
This represents the amortization of the difference between the market rent at the time of property acquisition and the a...
Peer comparison
Common for REITs that frequently acquire portfolios; peers will show this based on their recent acquisition history.
Metric ID:
operating_amortization_of_above_and_below_market_leasesHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$3.71M | -$3.71M | -$3.71M | -$4.30M | -$2.68M | -$3.11M | -$3.50M | -$2.99M | -$7.01M | -$3.97M | -$3.28M | -$5.90M | -$4.44M | -$7.22M | -$7.64M | -$5.31M | -$7.33M | -$9.66M | -$8.44M | -$13.63M |
| QoQ Change | — | +0.0% | +0.0% | -15.8% | +37.6% | -15.8% | -12.8% | +14.7% | -134.6% | +43.4% | +17.2% | -79.7% | +24.7% | -62.5% | -5.8% | +30.4% | -37.9% | -31.7% | +12.6% | -61.5% |
| YoY Change | — | — | — | — | +27.7% | +16.3% | +5.6% | +30.4% | -161.4% | -27.7% | +6.3% | -97.4% | +36.6% | -82.1% | -132.6% | +9.9% | -64.9% | -33.7% | -10.6% | -156.6% |
Range-$13.63M – -$2.68M
CAGR+31.5%
Avg YoY Growth-39.6%
Median YoY Growth-19.1%
Amortization of above and below Market Leases at Other Companies
Frequently Asked Questions
- What is Kimco Realty's amortization of above and below market leases?
- Kimco Realty (KIM) reported amortization of above and below market leases of -$13.63M in Q1 2026.
- How has Kimco Realty's amortization of above and below market leases changed year-over-year?
- Kimco Realty's amortization of above and below market leases decreased by 156.6% year-over-year, from -$5.31M to -$13.63M.
- What is the long-term trend for Kimco Realty's amortization of above and below market leases?
- Over 4 years (2021 to 2025), Kimco Realty's amortization of above and below market leases has grown at a 20.0% compound annual growth rate (CAGR), from -$14.84M to -$30.74M.
- What does amortization of above and below market leases mean?
- The adjustment made to rental income to account for leases acquired at rates different from current market values.