Kimco Realty beats quarterly estimates on steady demand for retail shops [Yahoo! Finance]
Kimco Realty Corporation (HC) (KIM)
Last kimco realty corporation (hc) earnings: 1/30 07:30 am
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Source: Yahoo! Finance
Kimco, a commercial real estate investment trust (REIT), has its shopping centres concentrated in suburbs in major metropolitan cities. The company reported quarterly funds from operations (FFO), a key performance measure for REITs, of 39 cents per share, in line with expectations, as landlords raised rentals of leased retail spaces taking advantage of fewer listings in the market. Retailers and grocers have benefitted from higher prices as demand for essential goods remained steady despite a cost-of-living crisis. Kimco posted a 2.7% rise in revenue to $451.60 million for the quarter ended Dec. 31, topping analysts' average estimate of $447.43 million, as per LSEG data. The company forecast full-year 2024 FFO per share between $1.54 and $1.58, compared with analysts' estimates of $1.62 per share. (Reporting by Annett Mary Manoj in Bengaluru; Editing by Shweta Agarwal)
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News
- Federal Realty Investment beats Q1 revenue estimates, raises FFO forecast [Yahoo! Finance]Yahoo! Finance
- Kimco (KIM) Beats Q1 FFO & Revenue Estimates, Revises Outlook [Yahoo! Finance]Yahoo! Finance
- Kimco Realty (KIM) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Kimco raises annual FFO forecast on strong leasing demand [Reuters]Reuters
- Kimco raises annual FFO forecast on strong leasing demand [Yahoo! Finance]Yahoo! Finance
KIM
Earnings
- 5/2/24 - Beat
KIM
Sec Filings
- 5/3/24 - Form 10-Q
- 4/9/24 - Form SC
- 3/25/24 - Form ARS
- KIM's page on the SEC website