Reports Q3 revenue $507.6M, consensus $497.61M. “The ongoing positive supply and demand fundamentals in both the open-air sector and Kimco’s portfolio continue to be a cause for optimism and confidence,” stated CEO Conor Flynn. “Our high-quality, grocery-anchored properties continue to deliver outsized growth, record occupancy and advantageous pricing power. Moreover, our recent acquisition of the Waterford Lakes Town Center in Orlando positions us to be a net acquirer in 2024. With a favorable environment, best in class platform and a rock-solid balance sheet, we are again raising our financial outlook for the year.”
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Read More on KIM:
- Kimco Realty Corp (KIM) Q3 Earnings Cheat Sheet
- Kimco Realty acquires Waterford Lakes Town Center in Orlando for $322M
- Kimco Realty price target raised to $23 from $22 at Evercore ISI
- Kimco Realty Launches $500M Note Offering for Growth and Debt Management
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