Kimco (KIM) Q2 FFO & Revenues Beat Estimates, Outlook Revised
Kimco Realty(KIM) ZACKS·2024-08-02 01:56
Kimco Realty Corp. (KIM) reported second-quarter 2024 funds from operations (FFO) per share of 41 cents, which beat the Zacks Consensus Estimate of 40 cents. The reported figure grew 5.1% from the year-ago quarter’s tally.Though Kimco reported growth in revenues, a rise in interest expenses acted as a dampener.This retail REIT clocked in revenues of $500.2 million, which topped the consensus mark of $496.9 million. Moreover, the figure improved 13% year over year.According to Conor Flynn, CEO of Kimco, "Our ...