Kimco Realty Updates FY19 Outlook - Quick Facts

(RTTNews) - While reporting its financial results for the third quarter today, Kimco Realty Corp. (KIM, KIM-PG) updated its financial outlook for fiscal 2019.

For fiscal 2019, the company lowered its outlook for net income available to common shareholders to a range of $0.77 to $0.81 per share from the prior range of $0.82 to $0.88 per share.

The company now forecasts adjusted FFO in a range of $1.46 to $1.47, compared to the prior range of $1.44 to $1.48 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.81 per share for the year on revenues of $1.14 billion. Analysts' estimates typically exclude special items.

Kimco's board of directors declared a quarterly cash dividend of $0.28 per common share, payable on January 15, 2020, to shareholders of record on January 2, 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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