Kimco Realty Q1 2024 FFO $0.39 Beats $0.37 Estimate, Sales $503.754M Beat $477.313M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty (NYSE:KIM) reported Q1 2024 FFO of $0.39 per share, surpassing the $0.37 estimate, and sales of $503.754M, exceeding the $477.313M estimate. This represents a 13.74% increase in sales compared to the same period last year.

May 02, 2024 | 11:07 am
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POSITIVE IMPACT
Kimco Realty reported a strong Q1 2024 with FFO and sales beating estimates, indicating robust financial health and operational efficiency.
Beating both FFO and sales estimates significantly, especially with a notable year-over-year sales increase, suggests operational efficiency and growth. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in KIM's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100