Kimco Realty Forecasts 2024 FFO Guidance Of $1.54-$1.58 Versus Consensus Of $1.62
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty has provided its 2024 FFO (Funds From Operations) guidance, forecasting a range of $1.54-$1.58. This projection falls below the consensus expectations of $1.62.
February 08, 2024 | 11:54 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Kimco Realty's 2024 FFO guidance is below market consensus, indicating potential challenges ahead.
Providing a FFO guidance below market consensus can lead to negative investor sentiment as it suggests that the company's financial performance may not meet market expectations. This can result in a decrease in stock price in the short term as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100