Kimco (KIM) Beats Q1 FFO & Revenue Estimates, Revises Outlook
Kimco Realty(KIM) Zacks Investment Research·2024-05-03 01:16
Kimco Realty Corp. (KIM) reported first-quarter 2024 funds from operations (FFO) per share of 39 cents, which beat the Zacks Consensus Estimate of 38 cents. The figure was in line with 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 $503.8 million, which topped the consensus mark of $468.8 million. Moreover, the figure improved 13.7% year over year.According to Conor Flynn, the CEO of Kimco, "Our f ...