Kimco Realty Corp. (KIM) reported net income for the first quarter of $53.2 million or $0.13 per share, compared to $38.1 million or $0.09 per share for the year-ago quarter.
Funds from operations for the first quarter was $134.9 million or $0.33 per share, compared to $126.2 million or $0.31 per share in the prior year quarter.
Excluding certain items, adjusted FFO was $132.2 million or $0.32 per share for the first quarter, compared to $125.9 million or $0.31 per share in the first quarter of last year.
Total revenue for the first quarter rose to $241.18 million from $223.99 million a year ago.
Analysts polled by Thomson Reuters expected the company to report FFO of $0.32 per share on revenue of $226.20 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward, the company said it now expects full year 2013 adjusted FFO to be in the range of $1.29 to $1.33 per share, compared to its prior guidance of $1.28 to $1.33 per share. Analysts currently expect the company to report FFO of $1.31 per share for the full year 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.