| KIM |
Report |
Q2'26 FFO/share |
IN-LINE |
pred ~$0.45 vs. cons $0.45 |
MEDIUM |
| KIM |
Report |
Q2'26 Same-property NOI growth |
BEAT |
pred ~+2.8% vs. cons ~+2.4% |
MEDIUM |
| KIM |
Report |
Q2'26 Pro-rata leased occupancy |
IN-LINE |
pred ~96.4% vs. cons ~96.3% |
MEDIUM |
| KIM |
Guide |
FY2026 FFO/share guidance |
BETTER |
guide ~$1.82–$1.85 (raise low end/midpoint ~$1.835) vs. cons $1.83 (FY2026) |
MEDIUM |
| KIM |
Guide |
FY2026 Same-property NOI guidance |
UNCHANGED |
guide reaffirm ~+2.8% to +3.5% (mid ~3.15%) vs. cons ~+3.0% (FY2026) |
MEDIUM |
| KIM |
Guide |
FY2026 credit-loss assumption |
BETTER |
guide tighten toward ~60–85 bps vs. cons ~75 bps (FY2026) |
LOW |
| KIM |
Guide |
FY2026 transaction/structured-investment volume |
UNCHANGED |
reaffirm ~$300–500M net-neutral + $75–125M structured vs. cons ~$400M (FY2026 H2-weighted) |
LOW |
| KIM |
Return |
Day-1 residual (stock − beta × S&P 500) |
-1.0% |
— |
MEDIUM |
| KIM |
Return |
5-day cumulative residual |
-1.7% (FADE) |
Stock is up ~27% YTD and sits just below its 2026 high (~$26.38 on 7/27) at ~14x FFO, so a beat-and-modest-raise is largely priced. Q1's one-time tailwinds (~$7M accelerated below-market rent, front-loaded % rent, shifted G&A) reverse, making headline Q2 FFO look optically flatter (~$0.44–0.45 vs. $0.46 in Q1); even a clean SP-NOI step-up to high-2s reads as 'in-line with the promised ramp' rather than a positive surprise. Out-period math: the FY guide only nudges higher (low-end raise), leaving 2027 estimates roughly unchanged, so there is little upward revision fuel to sustain a pop. Expect an initial muted-to-negative reaction that fades over the week as 'sell-the-news' into stretched valuation and lack of estimate upside dominate; downside cushioned by fortress balance sheet and refinancing already de-risked. |
LOW |