Kimco raises annual FFO forecast on strong leasing demand [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
Commercial real estate investment trusts such as Kimco have benefited from a shrinking supply of rental spaces, giving them room to raise rental rates. The New York-based company also topped market expectations for first-quarter funds from operations and revenue, with its portfolio occupancy up 20 basis points year-over-year at 96%. Kimco forecast full-year funds from operations between $1.56 and $1.60 per share, up from its earlier expectation in the range of $1.54 to $1.58. Total revenue of $503.8 million beat analysts' average estimates of $477.3 million. Net revenue from rental properties rose 13.8% over the prior year to $498.9 million in the quarter. The company reported first-quarter funds from operation of 39 cents per share, edging past market expectations of 37 cents per share. (Reporting by Juveria Tabassum; Editing by Vijay Kishore)
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KIM
News
- Kimco Realty Corporation (NYSE:KIM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- 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
KIM
Earnings
- 5/2/24 - Beat
KIM
Sec Filings
- 5/13/24 - Form 10-Q/A
- 5/7/24 - Form 4
- 5/3/24 - Form 10-Q
- KIM's page on the SEC website