Kimco Realty (KIM) Beats Q1 FFO and Revenue Estimates

Core Viewpoint - Kimco Realty reported quarterly funds from operations (FFO) of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, and showing an increase from $0.39 per share a year ago, indicating a positive performance trend [1][2]. Financial Performance - The company achieved revenues of $536.62 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.20%, compared to $503.75 million in the same quarter last year [2]. - Over the last four quarters, Kimco Realty has exceeded consensus FFO estimates three times and topped revenue estimates four times [2]. Stock Performance - Kimco Realty shares have declined approximately 14.7% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3]. - The current consensus FFO estimate for the upcoming quarter is $0.43 on revenues of $525.89 million, and for the current fiscal year, it is $1.71 on revenues of $2.11 billion [7]. Industry Outlook - The REIT and Equity Trust - Retail industry, to which Kimco Realty belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable industry outlook [8]. - Empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions, which can impact Kimco Realty's stock performance [5].