Kimco Realty Raises FY24 FFO Guidance from $1.60-$1.62 to $1.64-$1.65 vs $1.62 Est
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty has raised its FY24 FFO guidance from $1.60-$1.62 to $1.64-$1.65, surpassing the $1.62 estimate. The company also increased its net income outlook from $0.44-$0.46 to $0.50-$0.51.
October 31, 2024 | 10:52 am
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Kimco Realty has increased its FY24 FFO guidance to $1.64-$1.65, exceeding the previous estimate of $1.62. The net income outlook has also been raised, indicating a positive financial performance.
The increase in FFO guidance and net income outlook suggests improved financial performance, likely leading to a positive short-term impact on Kimco Realty's stock price.
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