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Kimco Realty (KIM)
NYSE:KIM
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2025
|% Change Since: -3.53%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong operational performance and positive strategic moves, such as the RPT Realty acquisition and high leasing activity. However, the sentiment is tempered by tenant bankruptcies and increased interest expenses, leading to a cautious outlook for 2025.Company Guidance
During Kimco Realty Corporation's fourth quarter 2024 earnings call, management provided guidance for 2025, projecting a Funds From Operations (FFO) per share range of $1.70 to $1.72, reflecting an increase of 3% to 4.2% over the previous year. The company anticipates same-property Net Operating Income (NOI) growth of 2% or more, with a credit loss assumption of 75 to 100 basis points. Kimco plans to acquire $100 million to $125 million in properties, including structured investments, net of dispositions. The company highlighted its robust leasing momentum, with portfolio occupancy at 96.3% and a strategic focus on grocery-anchored and mixed-use properties. Kimco's balance sheet remains strong, with consolidated net debt to EBITDA at 5.3 times and ample liquidity, including $690 million in cash and a fully available $2 billion revolving credit facility.Strong Same-Site NOI Growth
Same-site NOI growth was 4.5% for the fourth quarter and 3.5% for the full year 2024, outperforming expectations.
RPT Realty Acquisition Success
Kimco Realty Corporation successfully integrated RPT Realty, achieving a cap rate of 8.5%, increasing occupancy by 120 basis points, and realizing cost synergies of $36 million.
Record Leasing Activity
57 new leases were signed with an average pro-rata cash rent spread of 52%, and 98 renewals with a blended spread of 9.9%.
High Occupancy Rates
Year-end portfolio occupancy stood at 96.3%, reflecting a strong leasing pipeline despite some tenant vacancies.
Positive Credit Rating Outlook
Moody's affirmed Kimco's Baa1 unsecured debt rating and changed the outlook from stable to positive.
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KIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 07, 2025 | $22.41 | $22.39 | -0.09% |
| Oct 31, 2024 | $23.78 | $23.48 | -1.26% |
| Aug 01, 2024 | $21.29 | $21.57 | +1.32% |
| May 02, 2024 | $17.90 | $18.35 | +2.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kimco Realty (KIM) report earnings?
Kimco Realty (KIM) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Kimco Realty (KIM) earnings time?
Kimco Realty (KIM) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KIM EPS forecast?
KIM EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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