Kimco Realty (KIM) Q4 FFO Meet Estimates

Core Insights - Kimco Realty reported quarterly funds from operations (FFO) of $0.42 per share, matching the Zacks Consensus Estimate and showing an increase from $0.39 per share a year ago [1] - The company achieved revenues of $525.4 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.40% and up from $451.6 million year-over-year [2] - Kimco Realty has surpassed consensus FFO estimates three times in the last four quarters and topped revenue estimates four times in the same period [1][2] Financial Performance - The FFO for the previous quarter was initially expected to be $0.41 per share, but the actual result was $0.43, resulting in a surprise of 4.88% [1] - The current consensus FFO estimate for the upcoming quarter is $0.42, with projected revenues of $517.88 million, and for the current fiscal year, the estimate is $1.69 on $2.09 billion in revenues [7] Market Position - Kimco Realty shares have underperformed the market, losing about 4.4% since the beginning of the year, while the S&P 500 has gained 3.4% [3] - The Zacks Industry Rank places the REIT and Equity Trust - Retail sector in the top 29% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Future Outlook - The sustainability of Kimco Realty's stock price movement will largely depend on management's commentary during the earnings call and the trends in estimate revisions [3][4] - The estimate revisions trend for Kimco Realty is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]