Kimco Realty up after raising annual FFO forecast on strong leasing demand

Kimco Realty

31/10/2024 14:16

** Shares of grocery-anchored lessor Kimco Realty  KIM.N 
rise 1.67% to $24.42 
    ** Raises annual funds from operations (FFO) forecast to be
between $1.64 and $1.65/shr, compared with previous range of
$1.60 to $1.62/shr
    ** Reports Q3 revenue of $507.6 mln, beating estimates of
$497.6 mln on strong leasing demand
    ** Posts Q3 FFO of 43 cents/shr vs. analysts' estimates of
41 cents - data compiled by LSEG
    ** Up to Wednesday's close, stock has risen 12.7% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))