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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