Filing Flows › Kimco Realty (KIM) › Q1 2025
Kimco Realty (KIM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Kimco Realty (KIM) reported revenue of $537M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +2% from the quarter before. Operating margin was 33.6%, net earnings $133M (24.8% of revenue).
Kimco Realty, Q1 2025: revenue $537M (+6% year over year), operating margin 33.6%, net earnings $133M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $537M | +2% | +7% |
| Operating profit | $180M | +8% | +38% |
| Net earnings | $133M | -20% | — |
| Operating cash flow | $224M | -7% | +27% |
| Free cash flow | $205M | — | — |
What changed
Revenue was $536.6M in Q1 2025, up 7% year over year and up 2% from the previous quarter.
Operating profit was $180.5M, a 33.6% margin (up 7.7 points year over year). Of the extra revenue versus a year earlier, 151% reached operating profit, above the 26% margin then. Total costs fell 5% while revenue rose 7%. Net earnings were $132.8M. The effective tax rate was 0.3%.
Operating cash flow was $223.8M (up 27% year over year), 166% of net earnings. Non-cash charges added back $158.5M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $75.9M. Capital expenditures of $18.4M left free cash flow of $205.4M.
Questions
What was Kimco Realty's revenue in the first quarter 2025?
Kimco Realty (KIM) reported revenue of $537M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +2% from the quarter before.
Was Kimco Realty profitable in the first quarter 2025?
Operating profit was $180M (33.6% of revenue) and net earnings $133M.
Source: Kimco Realty 10-Q on SEC EDGAR.