Kimco Q1 net loss $0.03/sh on merger charges; FFO flat at $0.39, raises FFO guidance

Kimco Realty OP, LLC

Net loss of $18.9M ($0.03/diluted) vs net income of $283.5M ($0.46) in Q1 2023, driven by non-recurring Albertsons dividend and RPT merger costs.
FFO of $261.8M ($0.39/sh) flat YoY; includes $25.2M of RPT merger charges.
Same Property NOI grew 3.9%; pro-rata occupancy 96.0%; blended rent spreads of 10.2% on 4.0M sq ft leased.
Completed $2.3B RPT Realty acquisition on Jan 2; disposed 10 former RPT properties for $248M.
Board declared $0.24/sh quarterly dividend (unchanged); updated 2024 FFO guidance to $1.56-$1.60 (from $1.54-$1.58).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kimco Realty OP, LLC reported first quarter ended March 31, 2024 results: net income ($18.9) million, EPS ($0.03) per diluted share.

Period: first quarter ended March 31, 2024
Net income: ($18.9) million
EPS: ($0.03) per diluted share
Result: reported results

Exact text from the filing

On May 2, 2024, Kimco Realty Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.

View on SEC.gov

222 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001437749-24-014248

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.