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More on Kimco Q2: Boosts lower end of year FFO/share guidance range

Published 07/26/2018, 07:43 AM
© Reuters.  More on Kimco Q2: Boosts lower end of year FFO/share guidance range
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  • Kimco (NYSE:KIM) boosts lower end of year FFO per share forecast range by a penny to $1.43-$1.46 from $1.42-$1.46.
  • Now sees 2018 same-property NOI, excluding redevelopments, of 2.00%-2.50% vs prior view of 1.50%-2.00%.
  • Q2 adjusted FFO 37 cents a share vs. 38 cents a year ago.
  • Same-property NOI up 3.8%, excluding 10 basis points from impact of redevelopments.
  • Pro-rata occupancy at Q2 end at 96.0%, up 50 bps from Q2 2017.
  • Pro-rata small shop occupancy up 50 bps to 90.2% Y/Y.
  • Generated new leasing spreads of 11.5%.
  • Previously: Kimco Realty beats by $0.01, beats on revenue (July 26)
  • Source: Press Release
  • Now read: Heard On The REITs - Ho Hum Week As We Await Earnings Season


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