Kimco Realty Q4 Results Top Estimates; Guides FY24 Below Estimates

RTTNews | 566 hari yang lalu
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 | 391 hari yang lalu
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | 36 minit yang lalu
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | 1j 29min yang lalu
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | 1j 30min yang lalu
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 2j 55min yang lalu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 3j 10min yang lalu