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Kimco Realty KIM Real Estate Rental Operations — Operating Expenses

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Other financials

Income statement

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Revenue$558.0M+4.0%
Operating income$207.8M+15.1%
Net income$164.9M+24.2%
EPS (diluted)$0.23+27.8%

Balance sheet

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Cash & equivalents$169.6M+28.0%
Total debt$120.3M+3.6%
Total equity$10.4B-1.9%
Total assets$19.6B-0.7%

Cash flow

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Operating cash flow$243.0M+8.6%
CapEx$18.4M
Free cash flow$332.4M

Valuation

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Market cap$16.68B+15.5%
Enterprise value$16.63B+16.0%
P/E27.1×+2.9×
P/S7.7×+0.8×

Profitability

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Operating margin36.9%+4.1pp
Net margin28.5%+1.7pp
FCF margin25.8%

Returns & leverage

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Return on equity5.9%+0.7pp
Debt / equity0.0×

Where this comes from

Reported directly by Kimco Realty in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Kimco Realty’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 11:49 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-195304
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenues$552,812$531,286
Operating expenses
Rent(4,147)(4,184)
Real estate taxes(72,842)(69,911)
Operating and maintenance(95,229)(89,553)
Total operating expenses(172,218)(163,648)
NOI from unconsolidated real estate joint ventures51,05450,997
NOI at share$431,648$418,635

Item 6. [Exhibits.](#item_6_exhibits) [50](#item_6_exhibits)

FAQ

What is Kimco Realty's real estate rental operations — operating expenses?
Kimco Realty (KIM) reported real estate rental operations — operating expenses of $172.22M in Q1 2026.
How has Kimco Realty's real estate rental operations — operating expenses changed year-over-year?
Kimco Realty's real estate rental operations — operating expenses increased by 5.2% year-over-year, from $163.65M to $172.22M.
What is the long-term trend for Kimco Realty's real estate rental operations — operating expenses?
Over 3 years (2022 to 2025), Kimco Realty's real estate rental operations — operating expenses has grown at a 7.7% compound annual growth rate (CAGR), from $530.91M to $662.33M.
What does real estate rental operations — operating expenses mean?
The aggregate of all direct costs associated with operating the real estate portfolio, including taxes, maintenance, and management expenses. This metric serves as the primary measure of the cost structure required to generate rental income.

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