Kimco Realty Q3 FFO $0.40 Beats $0.39 Estimate, Sales $446.06M Beat $436.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty reported Q3 FFO of $0.40 per share, beating the analyst consensus estimate of $0.39 by 2.56 percent. This is a 2.44 percent decrease from the same period last year. The company also reported quarterly sales of $446.06 million, beating the analyst consensus estimate of $436.29 million by 2.24 percent, a 2.92 percent increase from the same period last year.
October 26, 2023 | 10:52 am
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Kimco Realty's Q3 results beat analyst estimates for both FFO and sales, despite a YoY decrease in FFO. This could potentially have a positive impact on the company's stock.
Kimco Realty's Q3 results exceeded analyst expectations for both FFO and sales, which is generally seen as a positive signal by the market. Despite a YoY decrease in FFO, the company managed to increase its sales, which could potentially lead to a positive reaction in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100