Kimco's (KIM) Q4 FFO Meets Estimates, Revenues Rise Y/Y
Kimco Realty(KIM) Zacks Investment Research·2024-02-09 03:06
Kimco Realty Corp. (KIM) reported fourth-quarter 2023 funds from operations (FFO) per share of 39 cents, in line with the Zacks Consensus Estimate. The figure was only a cent higher than the year-ago quarter’s tally.Though Kimco reported growth in revenues, a rise in interest expenses acted as a dampener. This retail REIT provided an initial outlook for 2024 FFO per share, which is below the consensus mark. Probably because of these negatives, shares of the company lost nearly 2% so far today despite better ...