Kimco Realty rises on steady quarterly FFO growth

Kimco Realty

07/02/2025 13:47

** Grocery-anchored REIT Kimco Realty's  KIM.N  shares rise
2.5% to $22.9 premarket
    ** Co posts fourth-quarter funds from operations (FFO)
growth of 7.7% to 42 cents per share, meeting analysts'
expectations
    ** High labor and material costs have deterred new
construction of retail spaces while demand for locations on the
back of strong consumer spending has raised lease rates and
rents, helping Kimco 
    ** The retail real estate space operator forecasts annual
FFO between $1.70 per share and $1.72 per share, the mid-point
of which met analysts' estimates of $1.71 per share
    ** KIM stock rose nearly 10% in 2024

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))