Kimco Realty reports Q4 FFO 42c, consensus 42c

Reports Q4 revenue $525.40M, consensus $512.63M. “Our Q4 and full-year results capped another remarkable year for Kimco, as we reached the high end of our 2024 outlook, driven by the successful integration of the RPT acquisition and strong leasing results that led to significant growth in net operating income and FFO,” said Kimco CEO Conor Flynn. “We remain well-positioned to sustain our strong operating performance with our portfolio of high-quality, grocery-anchored centers that provide essential goods and services in core markets with high barriers to entry and limited new supply. Coupled with our disciplined capital allocation and motivated team, we will continue to drive value creation for our shareholders.”