Kimco Realty Boosts FY23 Outlook As Q3 Results Top Estimates

RTTNews | 580 days ago
Kimco Realty Boosts FY23 Outlook As Q3 Results Top Estimates

(RTTNews) - While reporting financial results for the third quarter on Thursday, REIT Kimco Realty Corp. (KIM, KIM-PG) raised its earnings outlook for the full year 2023.

For fiscal 2023, the company now projects net income available to common shareholders in a range of $0.96 to $0.98 per share and FFO in a range of $1.56 to $1.57 per share.

Previously, the company now projects net income available to common shareholders in a range of $0.92 to $0.95 per share and FFO in a range of $1.55 to $1.57 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.94 per share for the year. Analysts' estimates typically exclude special items.

For the third quarter, the company reported Funds From Operations or FFO of $248.61 million or $0.40 per share for the third quarter, down from $254.47 million or $0.41 per share last year.

However, net income was $111.95 million, or $0.18 per share, up from $51.65 million or $0.08 per share in the year-ago quarter.

Revenue for the quarter increased to $446.07 million from $433.40 million in the previous year.

The Street was looking for earnings of $0.16 per share on revenues of $436.29 million for the quarter.

Kimco's board of directors also declared a 4.3 percent higher quarterly cash dividend on common shares of $0.24 per share, payable on December 21, 2023, to shareholders of record on December 7, 2023.

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 | 300 days ago
Kimco Realty Q4 Results Top Estimates; Guides FY24 Below Estimates

Kimco Realty Q4 Results Top Estimates; Guides FY24 Below Estimates

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.
RTTNews | 475 days ago
Sensex, Nifty Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty Modestly Higher; IT Stocks Lead Gains

Indian shares opened on a firm note Thursday after technology giant Nvidia buoyed investors with a bullish outlook for the growth in artificial intelligence and the U.S. Court of International Trade blocked President Trump's proposed "Liberation Day" tariffs, saying he had overstepped his authority.
RTTNews | 2 minutes ago
Australian Market Slightly Trims Early Gains In Mid-market

Australian Market Slightly Trims Early Gains In Mid-market

The Australian market is slightly trimming its early gains in mid-market moves on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy and technology stocks partially offset by a mixed performance in mining and financial stocks.
RTTNews | 59 minutes ago
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, after a U.S. federal court blocked US President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority. Asian markets closed mostly lower on Wednesday.
RTTNews | 1h 19min ago
Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Indian shares look set to open higher on Thursday as investors react to encouraging industrial output data, upbeat Nvidia earnings and a U.S. court ruling blocking President Trump's "Liberation Day" tariffs, citing overreach of power.
RTTNews | 1h 54min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, extending the gains in the previous four sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 2h 47min ago
Thai Shares May Take Further Damage On Thursday

Thai Shares May Take Further Damage On Thursday

The Thai stock market has tracked lower in two straight sessions, slipping almost 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,160-point plateau and it's expected to open to the downside again on Thursday.
RTTNews | 2h 51min ago