Price target and rating
Stifel raised its price target on Kimco Realty to $25.75 from $25.50 while retaining a Buy recommendation on the stock. At the time of the update, Kimco shares were trading at $22.73, about 1% shy of the 52-week high of $22.97. The range of analyst targets cited for the name spans from $21 to $27.
Leasing progress and portfolio milestones
The firm pointed to Kimco's leasing commentary for 2026 as the catalyst for the modest target increase. Management reported that, in the first half of 2026, it has either resolved or has transactions underway for 87% of the expiring annual base rent (ABR). Stifel said this level of activity underpins management's stated ability to sustain a tenant retention rate near 90%.
Kimco has also addressed a high proportion of its large-format commitments: the company resolved 98% of 47 anchor leases that are expiring in 2026 without renewal options, according to the analyst note. That level of resolution was highlighted as supportive of the company's occupancy and cash-flow stability.
Cash flow capture for 2026
On the rent-capture front, Stifel's analysis indicates Kimco has already secured the majority of its budgeted minimum rent for 2026. The firm reports that 90% of that budget is currently producing cash flow, while an additional 8% is anticipated to come from commencements in the straight-line rent (SNO) pipeline and from budgeted renewals or option exercises.
Stifel's continued Buy rating reflects the firm's view that current leasing momentum and portfolio management actions support Kimco's operating outlook as the company moves into 2026.
Financial profile and shareholder returns
Kimco's market capitalization stands at $15.45 billion. The company carries an overall financial health score characterized as "GREAT" and offers a dividend yield of 4.73%. Management has maintained dividend payments for 34 consecutive years.
Recent quarterly results
In other company disclosures, Kimco reported fourth-quarter 2025 results that exceeded consensus expectations on both earnings and revenue. The REIT posted earnings per share of $0.21, versus a consensus forecast of $0.18, an outperformance of 16.67%. Revenue for the quarter was $542.46 million, compared with expectations of $537.32 million.
There were no recent announcements of mergers or acquisitions, and the note indicated that analyst firms had not issued notable upgrades or downgrades following the results, leaving the broader analyst outlook steady.
What this means for investors
The combination of leasing progress, high capture of budgeted minimum rent, and a modest upward revision to the price target underpins Stifel's constructive stance. Investors tracking retail real estate fundamentals, dividend income, and REIT cash-flow stability will find these developments relevant as Kimco enters 2026.