- Kimco Realty press release ( NYSE: KIM ): Q2 FFO of $0.40 beats by $0.02 .
- Revenue of $427.2M (+47.8% Y/Y) beats by $7.35M .
- Grew pro-rata portfolio occupancy 40 basis points sequentially to 95.1%, representing an increase of 120 basis points year-over-year.
- Increased pro-rata small shop occupancy 370 basis points over the second quarter of 2021, representing the largest year-over-year increase in over 10 years.
- Generated pro-rata leasing spreads of 16.6% for new leases on comparable spaces.
- Produced a 3.4% increase in Same-Property Net Operating Income over the same period a year ago.
- 2022 Outlook: Net Income available to common shareholders $0.48 to $0.52, Nareit FFO $1.54 to $1.57.
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Kimco Realty FFO of $0.40 beats by $0.02, revenue of $427.2M beats by $7.35M