Wednesday, Kimco Realty Corp. (KIM) reported fourth-quarter funds from operations or FFO of $119.5 million or $0.31 per share, compared to $10.5 million or $0.04 per share in the same quarter last year.
Excluding impairment charges, FFO for the quarter was $0.31 per share, down from $0.46 per share in the prior year quarter.
Net income available to common shareholders for the quarter was $40.4 million or $0.11 per share, compared to a net loss available to common shareholders of $63.3 million or $0.24 per share in the year ago quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.29 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues from rental properties for the quarter was $211.82 million, up from $197.0 million in the comparable quarter last year. Analysts expected the company to report revenue of $198.94 million for the quarter.
Looking ahead to the full year 2010, the company expects FFO in the range of $1.07 - $1.15 per share. Analysts currently anticipate the company to earn $1.15 per share for the full year.
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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.