Kimco Realty Q4 FFO rises 7.7% to $0.42 a share; sets 2025 FFO outlook
Kimco Realty reported fourth-quarter 2024 net income of $0.23 per diluted share, up from $0.22, and FFO of $0.42 per diluted share, up 7.7% from $0.39. Full-year 2024 FFO rose to $1.65 per diluted share from $1.57, while full-year net income fell to $0.55 per share from $1.02, a decline the company attributes mainly to a $194.1 million special dividend received from Albertsons in 2023. The company also issued an initial 2025 outlook calling for FFO of $1.70 to $1.72 per diluted share.
- Q4 2024 total revenues were $525.4 million, up from $451.6 million a year earlier
- Q4 2024 FFO was $286.9 million, or $0.42 per diluted share, up 7.7% from $0.39
- Full-year 2024 FFO was $1.1 billion, or $1.65 per diluted share, versus $1.57 in 2023
- 2025 outlook: net income of $0.70 to $0.72 per diluted share and FFO of $1.70 to $1.72 per diluted share