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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.