Kimco Realty Raises Full-Year FFO and Same-Property NOI Outlook Following Strong Q3 Results
Kimco Realty Corporation (KIM) reported strong third-quarter performance, leading management to upwardly revise its full-year financial guidance. The company now forecasts Funds From Operations (FFO) per share to be between $1.84 and $1.86 for the full year. In addition to the FFO increase, Kimco raised its same-property Net Operating Income (NOI) outlook to a range of 3.5% to 3.8%. CEO Conor Flynn noted that FFO per share grew by 6.8%, signaling robust operational momentum and effective property management within the retail real estate sector.
Tickers: $KIM
Topics: earnings report financial performance guidance raise real estate investment trust