Kimco Realty Revises FY24 Outlook: FFO $1.54 - $1.58 (Down From $1.56 - $1.60) Vs. $1.58 Estimate, EPS $0.47 - $0.51 (Up From $0.40 - $0.44)
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty has revised its FY24 financial outlook, lowering its FFO guidance from $1.56-$1.60 to $1.54-$1.58, below the $1.58 estimate. Conversely, EPS guidance was raised from $0.40-$0.44 to $0.47-$0.51.
May 02, 2024 | 11:12 am
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Kimco Realty has adjusted its FY24 FFO to $1.54-$1.58, below the $1.58 estimate, and increased its EPS forecast to $0.47-$0.51.
The downward revision of FFO guidance below market expectations suggests potential pressure on Kimco Realty's stock price in the short term. However, the increase in EPS guidance indicates improved profitability, which could mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100