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Kimco Realty Q3 Nareit FFO per share up 6.1% YOY

Kimco Realty Corp. disclosed third-quarter Nareit funds from operations of $146.9 million, or 35.0 cents per share, a 6.1% increase on a per-share basis from $140.2 million, or 33.0 cents per share, in the third quarter of 2018.

For the third quarter, adjusted FFO rose from the year-ago period on a per-share basis to $157.3 million, or 37.0 cents per share, from $152.1 million, or 36.0 cents per share.

The S&P Global Market Intelligence consensus FFO per share estimate for the quarter was 36 cents.

Nareit is the U.S.-based trade association for real estate investment trusts and publicly traded real estate companies.

For the quarter, revenues came in at $282.9 million, a 0.1% fall from $283.1 million in the year-ago period.

The retail real estate investment trust forecasts Nareit FFO per share in the range of $1.44 to $1.46 for the full year, compared with previous guidance in the range of $1.44 to $1.48. The S&P Global Market Intelligence consensus FFO per share estimate for the full year is $1.46.