Kimco Realty: Q3 Earnings Snapshot
By AP News
Published - Oct 31, 2024, 06:57 AM ET
Last Updated - Dec 16, 2024, 05:48 PM EST
JERICHO, N.Y. (AP) — JERICHO, N.Y. (AP) — Kimco Realty Corp. (KIM) on Thursday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations.
The Jericho, New York-based real estate investment trust said it had funds from operations of $287.4 million, or 43 cents per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 41 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
