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Sohini Mondal

Kimco Realty's Quarterly Earnings Preview: What You Need to Know

Kimco Realty Kim

Jericho, New York-based Kimco Realty Corporation (KIM) is a real estate investment trust (REIT). With a market cap of $14.3 billion, it specializes in owning and operating open-air, grocery-anchored shopping centers across North America alongside a growing portfolio of mixed-use assets. The company is expected to announce its Q2 earnings before the market opens on Thursday, Aug. 1.

Ahead of the event, analysts expect Kimco Realty to report funds from operations (FFO) of $0.40 per share, up 2.6% from $0.39 per share reported in the year-ago quarter. The company has consistently surpassed or met Wall Street’s FFO estimates in each of the past four quarters. The company reported an FFO of $0.39 per share in the most recent quarter, exceeding the consensus estimate by 2.6%.

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