Kimco Realty Q4 Results Top Estimates; Guides FY24 Below Estimates

RTTNews | 469 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 | 294 hari yang lalu
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,400 level, with gains is financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews | 48 minit yang lalu
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as US Treasury yields eased on improved US data and comments from a US Fed official that he still sees a path to interest rate cuts later this year. Concerns about the fiscal impact of the US Republican tax cut bill is weighing on the markets. Asian markets ended mostly lower on Thursday.
RTTNews | 1j 9min yang lalu
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening a tad higher on Friday as U.S. Treasury yields eased on improved U.S. data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 1j 32min yang lalu
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has finished lower in two straight sessions, giving away more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,175-point plateau and it may tick lower again on Friday.
RTTNews | 2j 9min yang lalu
Japanese Market Notably Higher

Japanese Market Notably Higher

Reversing the losses in the previous two sessions, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 37,250 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 2j 37min yang lalu
Indonesia Stock Market May Spin Its Wheels On Friday

Indonesia Stock Market May Spin Its Wheels On Friday

The Indonesia stock market has moved higher in two straight sessions, gathering more than 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,165-point plateau, although the rally may stall on Friday.
RTTNews | 2j 39min yang lalu