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Compared to Estimates, Kimco Realty (KIM) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-31 14:36
Kimco Realty (KIM) reported $507.63 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 13.8%. EPS of $0.43 for the same period compares to $0.18 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $500.29 million, representing a surprise of +1.47%. The company delivered an EPS surprise of +4.88%, with the consensus EPS estimate being $0.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...
Kimco Realty (KIM) Q3 FFO and Revenues Surpass Estimates
ZACKS· 2024-10-31 13:01
Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 4.88%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.40 per share when it actually produced FFO of $0.41, delivering a surprise of 2.50%.Over the last four quarters ...
Seeking Clues to Kimco Realty (KIM) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2024-10-29 14:21
The upcoming report from Kimco Realty (KIM) is expected to reveal quarterly earnings of $0.41 per share, indicating an increase of 2.5% compared to the year-ago period. Analysts forecast revenues of $500.93 million, representing an increase of 12.3% year over year.Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cou ...
What's in the Cards for Kimco Realty Stock in Q3 Earnings?
ZACKS· 2024-10-28 18:25
Kimco Realty Corporation (KIM) is slated to report third-quarter 2024 results on Oct. 31, before the opening bell. The company's quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, this Jericho, NY-based retail real estate investment trust (REIT) outpaced the Zacks Consensus Estimate by 2.5% in terms of FFO per share. Though Kimco reported y ...
Real Estate Could Soar in 2025. Here Are 2 Great Stocks You Can Buy Right Now
The Motley Fool· 2024-10-10 13:13
Falling interest rates could create a tailwind for REITs, and these could be great ways to invest.A falling-rate environment is often good for real estate investment trusts (REITs). In this video, longtime Fool.com contributors Matt Frankel, CFP®, and Tyler Crowe discuss their current favorite real estate stocks.*Stock prices used were the morning prices of Oct. 3, 2024. The video was published on Oct. 7, 2024. ...
What Makes Kimco Realty (KIM) a New Buy Stock
ZACKS· 2024-10-09 17:05
Investors might want to bet on Kimco Realty (KIM) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The ...
Kimco Announces Buyout of Waterford Lakes Town Center for $322M
ZACKS· 2024-10-02 18:31
Kimco Realty (KIM) recently announced the acquisition of Waterford Lakes Town Center for $322 million in Orlando, FL, which includes the assumption of a $164 million mortgage.The purchase of Waterford Lakes enhances this retail real estate investment trust’s (REIT) position in the Orlando market, increasing its portfolio to 18 centers with a total of more than four million square feet of gross leasable area.This 976,000-square-foot property, encompassing 79 acres, is approximately 99% occupied. The property ...
Kimco Realty® Acquires Waterford Lakes Town Center
GlobeNewswire News Room· 2024-10-01 20:37
– Florida’s Premier Grocery-Anchored Lifestyle Center and Retail Landmark – – One of Florida’s Top Retail Destinations with Nearly 14 Million Annual Visits – JERICHO, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, is pleased to announce the acquisition of Waterford Lakes Town Center, a 976,000-square-foot signa ...
Kimco Realty Stock Rises 25.9% in Three Months: Here's How
ZACKS· 2024-09-24 17:31
Shares of Kimco Realty (KIM) have soared 25.9% in the past three months compared with its industry’s rally of 17.2%.This Jericho, NY-based retail real estate investment trust (REIT) is well-poised to benefit from its portfolio of premium shopping centers, which are predominantly grocery-anchored, in the drivable first-ring suburbs within key major metropolitan Sunbelt and coastal markets. Its focus on developing mixed-use assets and a healthy balance sheet position bode well for long-term growth.Analysts se ...
Yield Spreads Are Out Of Whack - How To Take Advantage
Seeking Alpha· 2024-09-20 13:15
Melpomenem The yield curve is bouncing around quite rapidly these days, with constantly moving speculation on when and how much more the Fed will cut. The curve has successfully uninverted, making the treasury market start to look somewhat normal/healthy. However, there is still quite a bit of chaos in the rest of fixed income. Spreads are all over the place, with mispricing facilitating the capture of outsized yield along with substantial capital appreciation potential in the move back to par. This article ...