Valued at a market cap of $13.7 billion, Kimco Realty Corporation (KIM) is a real estate investment trust (REIT) that owns and operates high-quality, open-air, grocery-anchored shopping centers and mixed-use properties. The Jericho, New York-based company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. It is expected to announce its fiscal Q1 earnings for 2025 before the market opens on Thursday, May 1.
Prior to this event, analysts project this retail REIT to report an FFO of $0.42 per share, up 7.7% from $0.39 per share in the year-ago quarter. The company has met or surpassed Wall Street's FFO estimates in each of the last four quarters. Its FFO of $0.42 per share in the previous quarter met the consensus estimates.
