Kimco Realty Q4 Results Top Estimates; Guides FY25 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 $154.84 million or $0.23 per share, up from $133.36 million or $0.22 per share in the year-ago quarter.

Funds from Operations or FFO, for the quarter were $286.90 million or $0.42 per share, up from $239.44 million or $0.39 per share last year.

Total revenues for the quarter increased to $525.40 million from $451.60 million in the previous year.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.19 per share on revenues of $512.63 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2025, the company now projects net income in a range of $0.70 to $0.72 per share and FFO in a range of $1.70 to $1.72 per share. The Street is looking for earnings of $0.74 per share for the year.

Kimco's board of directors also declared a quarterly cash dividend on common shares of $0.25 per share, payable on March 21, 2025, to shareholders of record on March 7, 2025.

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