Inside Kimco Realty Corp’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component Kimco Realty Corp (NYSE:KIM) will unveil its latest earnings on Tuesday, July 26, 2011. Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates neighborhood and community shopping centers. This company is primarily engaged in acquisitions, development and management of its properties. .

Kimco Realty Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for FFO of 30 cents per share, a rise of 15.4% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting FFO of $1.20 per share, a rise of 6.2% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked FFO of 30 cents per share versus a mean estimate of 29 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $219.7 million in revenue this quarter, a rise of 2.7% from the year ago quarter. Analysts are forecasting total revenue of $889.6 million for the year, a rise of 4.7% from last year’s revenue of $849.5 million.

Analyst Ratings: Analysts seem relatively indifferent about Kimco Realty with 14 of 25 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 4.7% in the first quarter and rose 2.5%in the fourth quarter of the last fiscal year, 1.4% in the third quarter of the last fiscal year and 21.8% in the second quarter of the last fiscal year.

Competitors to Watch: Equity One, Inc. (NYSE:EQY), Glimcher Realty Trust (NYSE:GRT), Inland Real Estate Corp. (NYSE:IRC), Urstadt Biddle Properties Inc. (NYSE:UBA), Cedar Shopping Centers Inc (NYSE:CDR), Agree Realty Corporation (NYSE:ADC), The Macerich Company (NYSE:MAC), Ramco-Gershenson Properties Trust (NYSE:RPT), Realty Income Corp (NYSE:O), and Tanger Factory Outlet Centers Inc. (NYSE:SKT).

Stock Price Performance: During June 21, 2011 to July 20, 2011, the stock price had risen $1.84 (10.2%) from $17.98 to $19.82. The stock price saw one of its best stretches over the last year between April 18, 2011 and May 2, 2011 when shares rose for 10-straight days, rising 8.9% (+$1.59) over that span. It saw one of its worst periods between June 7, 2011 and June 13, 2011 when shares fell for five-straight days, falling 6.3% (-$1.14) over that span. Shares are up $2.13 (+12%) year to date.

(Source: Xignite Financials)

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