BUZZ-Kimco Realty up after raising annual FFO forecast on strong leasing demand

Reuters

2024/10/31

** Shares of grocery-anchored lessor Kimco Realty rise 1.67% to $24.42

** Raises annual funds from operations (FFO) forecast to be between $1.64 and $1.65/shr, compared with previous range of $1.60 to $1.62/shr

** Reports Q3 revenue of $507.6 mln, beating estimates of $497.6 mln on strong leasing demand

** Posts Q3 FFO of 43 cents/shr vs. analysts' estimates of 41 cents - data compiled by LSEG

** Up to Wednesday's close, stock has risen 12.7% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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