Kimco Realty Corporation Earnings: In Line, Shares Flat
S&P 500 (NYSE:SPY) component Kimco Realty Corporation (NYSE:KIM) reported results for the first quarter. 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 Earnings Cheat Sheet for the First Quarter
Results: Funds From Operations (FFO) of $121.2 million or 30 cents per share, up from $115.6 million or 28 cents per share.
Actual vs. Wall St. Expectations: KIM fell in line with the mean estimate of 30 cents per share.
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 Performance: Shares of KIM are unchanged after-hours.