Kimco Realty FY23 Outlook, Sees EPS Of $0.96 To $0.98 (Prior $0.92 To $0.95); And FFO Per Share Of $1.56 To $1.57 (Prior $1.55 To $1.57)
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty has updated its FY23 outlook, raising its EPS guidance from $0.92-$0.95 to $0.96-$0.98 and maintaining its FFO per share guidance at $1.56-$1.57. The updated guidance does not include any additional impact from its pending merger with RPT. The company also updated its operational assumptions, including a higher same-property NOI growth and a lower credit loss.
October 26, 2023 | 11:18 am
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Kimco Realty's updated FY23 outlook, which includes higher EPS guidance and updated operational assumptions, could have a positive impact on its stock in the short term.
The company's raised EPS guidance and updated operational assumptions, which include higher same-property NOI growth and lower credit loss, are positive indicators of its financial performance. This could boost investor confidence and drive the stock price up in the short term.
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