Kimco Realty reports Q2 FFO 41c, consensus 40c

Reports Q2 revenue $500.2M, consensus $497.79M. “Our ability to report strong growth reflects the quality of our open air, grocery-anchored portfolio and further validates our investment thesis for the RPT acquisition,” said Conor Flynn, CEO. “We see these positive trends continuing, and with $63M of future cash flow from signed leases that have yet to commence paying rent, we are comfortable raising our full year outlook. With a resilient portfolio and best in class team, we remain committed to increasing shareholder value.”