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Kimco Realty Corp. Q4 adjusted earnings Beat Estimates

Kimco Realty Corp. (KIM-PG) released a profit for its fourth quarter that advanced from the same period last year.

The company's earnings totaled $194.88 million, or $0.45 per share. This compares with $92.81 million, or $0.22 per share, in last year's fourth quarter.

Excluding items, Kimco Realty Corp. reported adjusted earnings of $133.03 million or $0.31 per share for the period.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.0% to $269.44 million from $296.13 million last year.

Kimco Realty Corp. earnings at a glance:

-Earnings (Q4): $133.03 Mln. vs. $151.89 Mln. last year.
-EPS (Q4): $0.31 vs. $0.36 last year.
-Analysts Estimate: $0.10
-Revenue (Q4): $269.44 Mln vs. $296.13 Mln last year.

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