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Kimco Realty Q2 Results Top Estimates; Boosts FY24 Outlook

RTTNews | 315 days ago

Kimco Realty Q2 Results Top Estimates; Boosts FY24 Outlook

(RTTNews) - 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.

Funds from Operations or FFO, for the quarter were $276.0 million or $0.41 per share, up from $243.9 million or $0.39 per share last year.

Total revenues for the quarter increased to $500.23 million from $442.84 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 $497.79 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 $0.44 to $0.46 per share, FFO in a range of $1.60 to $1.62 per share and FFO, excluding merger cost, in a range of $1.64 to $1.66 per share. The Street is looking for earnings of $0.44 per share for the year.

Previously, the company expected net income in a range of $0.40 to $0.44 per share and FFO in a range of $1.56 to $1.60 per share.

Kimco's board of directors also declared a quarterly cash dividend on common shares of $0.24 per share, payable on September 19, 2024, to shareholders of record on September 5, 2024.

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Tags: KIM KIM-PG

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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 | 490 days ago

Kimco Realty Boosts FY23 Outlook As Q3 Results Top Estimates

Kimco Realty Boosts FY23 Outlook As Q3 Results Top Estimates

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.

RTTNews | 595 days ago

Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.

RTTNews | 9 minutes ago

Win Streak May Continue For South Korea Stock Market

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The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.

RTTNews | 39 minutes ago

New Zealand Manufacturing PMI Data Due On Friday

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New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.

RTTNews | 1h 34min ago

Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.

RTTNews | 1h 57min ago

Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.

RTTNews | 1h 58min ago

U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.

RTTNews | 5h 13min ago

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