Kimco Realty Q2 Results Top Estimates; Boosts FY24 Outlook

RTTNews | 392日前
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.

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

read more
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 | 567日前
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 1時13分前
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 1時23分前
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 1時46分前
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 1時52分前
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 2時57分前