Kimco Realty (KIM) Tops Q3 EPS by 2c; raises FY23 Guidance

Kimco Realty (NYSE: KIM) reported Q3 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $441.82 million versus the consensus estimate of $436.64 million.

GUIDANCE:

Kimco’s 2023 guidance is presented on a stand-alone basis and does not incorporate any additional impact from its pending merger with RPT other than the $(3.8) million, or $(0.01) per diluted share, of merger-related charges incurred during the third quarter of 2023.

Kimco Realty sees FY2023 EPS of $0.96-$0.98, versus the consensus of $0.60.

For earnings history and earnings-related data on Kimco Realty (KIM) click here.

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