Earnings release
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Listed on the New York Stock Exchange ( KIM ) ● KIMCO ™ ● REALTY JERICHO , New York , November 5 , 2021 - Kimco Realty Corp. ( NYSE : KIM ) , North America's largest publicly traded owner and operator of open - air , grocery - anchored shopping centers and mixed - use assets , today reported results for the third quarter ended September 30 , 2021. For the three months ended September 30 , 2021 and 2020 , Kimco's net income / ( loss ) available to the company's common shareholders was $ 0.91 per diluted share and ( $ 0.10 ) per diluted share , respectively . ● Third Quarter Highlights : Completed the strategic merger with Weingarten Realty Investors on August 3 , 2021 . Produced FFO of $ 0.32 per diluted share , which includes merger - related costs of $ 47.0 million , or $ 0.08 per diluted share . ● NEWS RELEASE Kimco Realty Announces Third Quarter 2021 Results - Strong Operating Results from the Expanded Portfolio Following Strategic Merger - - Raises 2021 Outlook - Grew pro - rata portfolio occupancy 20 basis points sequentially to 94.1 % . Increased pro - rata small shop occupancy 180 basis points sequentially to 87.3 % . Signed 411 leases totaling 2.1 million square feet of gross leasable area ( GLA ) . Same property Net Operating Income ( NOI ) , which excludes the impact of the Weingarten Realty portfolio , grew 12.1 % over the prior year . Ended the quarter with Kimco's investment in Albertsons Companies Inc. ( NYSE : ACI ) common stock valued at over $ 1.2 billion . Achieved an " A " rating from the Global Real Estate Sustainability Benchmark ( GRESB ) for both Public Disclosure and Real Estate Performance Assessment placing Kimco as the top company in its respective US Retail peer group . Additionally , Kimco was again named as a constituent of the FTSE4Good Index Series and was certified as a Great Place to Work® company for the 4th consecutive year . Kimco CEO Conor Flynn commented , " We are extremely proud to have completed another quarter where leasing volume exceeded two million square feet , bringing year - to - date leasing to 6.7 million square feet . We remain committed to ' leasing , leasing and leasing , ' and our success continues to validate the importance and value of the real estate we own . With the strategic addition of the Weingarten portfolio and our highly desirable open - air , last mile grocery - anchored centers in growing markets , we are excited to again raise our outlook for 2021 as we embrace the opportunity to create additional value for shareholders . " Financial Results : Net income / ( loss ) available to the company's common shareholders for the third quarter of 2021 was $ 501.4 million , or $ 0.91 per diluted share , compared to ( $ 44.7 ) million , or ( $ 0.10 ) per diluted share , for the third quarter of 2020. The year - over - year change includes : i