Kimco Realty Q4 Results Top Estimates; Guides FY24 Below Estimates

RTTNews | 565日前
Kimco Realty Q4 Results Top Estimates; Guides FY24 Below Estimates

(RTTNews) - REIT Kimco Realty Corp. (KIM, KIM-PG) reported Thursday net income available to the company's common shareholders for the fourth quarter of $133.36 million or $0.22 per share, compared to a net loss of $56.09 million or $0.09 per share in the year-ago quarter.

Funds from Operations or FFO, for the quarter were $239.44 million or $0.39 per share, up from $234.86 million or $0.38 per share last year.

Total revenues for the quarter increased to $451.60 million from $439.83 million in the previous year.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.16 per share on revenues of $447.43 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects net income in a range of $0.47 to $0.51 per share, FFO in a range of $1.54 to $1.58 per share and FFO, excluding merger cost, in a range of $1.58 to $1.62 per share. The Street is looking for earnings of $0.67 per share for the year.

Kimco's board of directors also declared a quarterly cash dividend on common shares of $0.24 per share, payable on March 21, 2024, to shareholders of record on March 7, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Kimco Realty Q2 Results Top Estimates; Boosts FY24 Outlook

Kimco Realty Q2 Results Top Estimates; Boosts FY24 Outlook

REIT Kimco Realty Corp. (KIM) reported Thursday that net income available to the company's common shareholders for the second quarter grew to $111.86 million or $0.17 per share from $100.4 million or $0.16 per share in the year-ago quarter.
RTTNews | 390日前
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | 30分前
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | 49分前
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | 1時0分前
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
RTTNews | 1時6分前
Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
RTTNews | 1時15分前
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
RTTNews | 1時30分前