(RTTNews) – Kimco Realty (KIM) reported FFO of $261.8 million, or $0.39 per share, for the primary quarter of 2024 which included RPT-related merger prices of $25.2 million, or $0.04 per share. That is in comparison with FFO of $238.1 million, or $0.39 per share, for the primary quarter of prior yr.
The corporate posted a web loss accessible to shareholders of $18.9 million, or $0.03 per share, for the primary quarter of 2024 in comparison with web earnings accessible to frequent shareholders of $283.5 million, or $0.46 per share, for the primary quarter of 2023.
On common, 5 analysts polled by Thomson Reuters anticipated the corporate to report revenue per share of $0.18, for the quarter. Analysts’ estimates sometimes exclude particular gadgets.
First quarter complete revenues elevated to $503.75 million from $442.89 million, final yr. Analysts on common had estimated $477.31 million in income.
The corporate has up to date 2024 steerage for web earnings and FFO per share. FFO per share is now projected in a spread of $1.56 to $1.60, revised from prior steerage vary of $1.54 to $1.58. Internet earnings is now anticipated in a spread of $0.40 to $0.44, revised from earlier steerage of $0.47 to $0.51. Analysts polled by Thomson Reuters anticipate the corporate to report revenue per share of $0.73.
Kimco Realty’s board declared a quarterly money dividend on frequent shares of $0.24 per share, payable on June 20, 2024, to shareholders of document on June 6, 2024.
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