earnings
confidence high
sentiment positive
materiality 0.80
Kimco Realty Q4 FFO $0.39/share, raises dividend 11.8%, guides FY22 FFO $1.46-1.50
KIMCO REALTY CORP
- Q4 2021 Nareit FFO $0.39/diluted share (vs $0.31 in Q4 2020); net income $0.13/diluted share.
- Board raises quarterly common dividend 11.8% to $0.19/share; payable March 24, 2022.
- Pro-rata portfolio occupancy rose to 94.4% (+30 bps QoQ); same-property NOI increased 12.9%.
- Full-year 2022 FFO guidance $1.46-$1.50/diluted share; same-property NOI growth expected positive.
- ACI investment valued at $1.2B at year-end; stock repurchase program extended to Feb 2024 with $224.9M available.