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Kimco Realty cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$345M in Q2 2026 · $1.2B over twelve months

Operating cash flow$345M
Free cash flow+$345M
Cash / net income2.2×

Analysis

In Q2 2026, Kimco Realty generated $345M of operating cash flow. That is $39.9M more than in Q2 2025 ($305M).

Over the twelve months to Jun 30, 2026, operating cash flow was $1.2B; the largest uses were dividends ($726M), other investing ($421M), buybacks ($167M); besides operations, cash came from other financing ($588M), asset & business sales ($150M); the cash balance rose by $473M.

Operating cash flow was $345M against net income of $154M — 2.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$149M, payables +$25.8M, prepaid and other assets +$12.5M.

Free cash flow

Kimco Realty: free cash flow by quarterKimco Realty: free cash flow by quarter$296MQ3 2024$240MQ4 2024$205MQ1 2025$305MQ2 2025$332MQ3 2025$258MQ4 2025$243MQ1 2026$345MQ2 2026
Operating cash flow less capital spending.
Kimco Realty: operating cash flow against capital spendingKimco Realty: operating cash flow against capital spendingOperating cash flowCapital spending$296M$0Q3 2024$240M$0Q4 2024$224M$18.4MQ1 2025$305M$0Q2 2025$332M$0Q3 2025$258M$0Q4 2025$243M$0Q1 2026$345M$0Q2 2026
Latest (Q2 2026): Operating cash flow $345M, Capital spending $0.

Capital allocation, year by year

Kimco Realty: where the cash came from (up) and went (down), by fiscal yearKimco Realty: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $619MFY2021: Net borrowing −$229MFY2021: Shares issued $83.0MFY2021: Asset sales $303MFY2021: Acquisitions −$264MFY2021: Dividends −$382M$1.0BFY2021FY2022: Operating cash flow $861MFY2022: Net borrowing −$158MFY2022: Shares issued $15.5MFY2022: Asset sales $184MFY2022: Dividends −$545M$1.1BFY2022FY2023: Operating cash flow $1.1BFY2023: Net borrowing −$49.5MFY2023: Shares issued $3.7MFY2023: Asset sales $160MFY2023: Dividends −$657M$1.2BFY2023FY2024: Operating cash flow $1.0BFY2024: Net borrowing −$12.0MFY2024: Shares issued $136MFY2024: Asset sales $71.3MFY2024: Acquisitions −$149MFY2024: Dividends −$683M$1.2BFY2024FY2025: Operating cash flow $1.1BFY2025: Net borrowing −$73.2MFY2025: Asset sales $109MFY2025: Capital spending −$18.4MFY2025: Buybacks −$120MFY2025: Dividends −$712M$1.2BFY2025
Over these 5 years operating cash flow totalled $4.7B; the largest uses were dividends ($3.0B) and net borrowing ($522M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$699M
Debt$7.7B
Net debt$7.0B

Kimco Realty funds itself: free cash flow was $1.2B over the last twelve months, and $699M of cash and investments stands against $7.7B of debt.

Where the cash came from and went

Kimco Realty: sources (+) and uses (−) of cash, Q2 2026Kimco Realty: sources (+) and uses (−) of cash, Q2 2026Other financing$585MCash drawn (+) / kept (−)−$531MOperating cash flow$345MDividends−$183MBuybacks−$105MOther investing−$78.3MNet borrowing (+) / repaid (−)−$31.0MPartners−$2.1MTaxes on employees’ shares−$329KAsset & business sales−$105K
Kimco Realty: sources (+) and uses (−) of cash, TTM to Q2 2026Kimco Realty: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$1.2BDividends−$726MOther financing$588MCash drawn (+) / kept (−)−$473MOther investing−$421MBuybacks−$167MAsset & business sales$150MPartners−$77.2MNet borrowing (+) / repaid (−)−$47.1MTaxes on employees’ shares−$6.8M

From profit to cash

Kimco Realty: net income to operating cash flow, Q2 2026Kimco Realty: net income to operating cash flow, Q2 2026Net income$154MDepreciation & amortization$149MStock-based pay$6.1MImpairments$6.6MReceivables$5.6MPayables$25.8MPrepaid and other assets$12.5MOther liabilities−$2.9MOperating cash flow$345M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$345M—−$105M−$183M−$31.0M—−$531M$345M
Q1 2026$243M—−$462K−$183M−$16.1M—$43.2M$243M
Q4 2025$258M—−$61.5M−$183M——−$52.3M$258M
Q3 2025$332M——−$177M$40.0M—$67.3M$332M
Q2 2025$305M—−$58.8M−$177M−$120M—−$95.3M$305M
Q1 2025$224M−$18.4M—−$177M$46.8M—$557M$205M
Q4 2024$240M——−$175M−$265K$136M$100M$240M
Q3 2024$296M——−$170M−$220M—−$662M$296M

Kimco Realty: income statement and cash flow

Kimco Realty, Q2 2026: revenue $551M (+5% year over year), operating margin 35.6%. The chart follows the revenue to costs, profit and cash.

Kimco Realty: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.