Kimco Realty Q4 FFO $0.39, Inline, Sales $451.60M Beat $448.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty (NYSE:KIM) reported Q4 earnings of $0.39 per share, meeting analyst estimates, and sales of $451.60M, beating estimates of $448.36M. This represents a year-over-year earnings increase of 2.63% and sales increase of 2.68%.
February 08, 2024 | 11:51 am
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Kimco Realty reported Q4 earnings per share of $0.39, aligning with analyst expectations, and sales of $451.60M, exceeding forecasts. Year-over-year, earnings and sales grew by 2.63% and 2.68%, respectively.
Meeting earnings estimates and exceeding sales forecasts, especially with year-over-year growth in both metrics, is generally viewed positively by the market. This performance could lead to increased investor confidence in Kimco Realty, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100