From RTT News:

REIT Kimco Realty Corp. (KIM, KIM-PG) reported fourth-quarter net income of $133.36 million, up from a net loss of $56.09 million in the previous year. Funds from Operations (FFO) for the quarter were $239.44 million, with total revenues increasing to $451.60 million. Analysts expected earnings of $0.16 per share on revenues of $447.43 million. The company projects net income and FFO for fiscal 2024, with a declared quarterly cash dividend of $0.24 per share.

The company reported a net income of $133.36 million for the fourth quarter, an improvement from the previous year’s net loss. Funds from Operations (FFO) for the quarter were $239.44 million, while total revenues increased to $451.60 million. Analysts expected earnings of $0.16 per share and revenues of $447.43 million. Kimco also declared a quarterly dividend of $0.24 per share.

For fiscal 2024, the company projects net income in a range of $0.47 to $0.51 per share, FFO in a range of $1.54 to $1.58 per share, and FFO, excluding merger cost, in a range of $1.58 to $1.62 per share. The Street is expecting earnings of $0.67 per share for the year. The board of directors declared a quarterly cash dividend on common shares of $0.24 per share, payable on March 21, 2024.

Kimco Realty Corp. reported fourth-quarter net income and FFO, with total revenues increasing. The company also announced projections for fiscal 2024 and declared a quarterly cash dividend on common shares. Earnings calendar, and earnings for stocks and contact information are available on rttnews.com.



Read more: Kimco Realty Q4 Results Top Estimates; Guides FY24 Below Estimates