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Strategies & Market Trends : Kimco
KIM 20.42-1.0%Jan 9 9:30 AM EST

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From: JakeStraw4/25/2005 8:29:18 AM
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Kimco Realty FFO rises, tops expectations

NEW YORK (MarketWatch) -- Kimco Realty reported first-quarter earnings of $86.8 million or 73 cents a share, up from $71.4 million, or 61 cents a share in the same period a year ago. Funds from operations rose to $108.5 million, or 94 cents a share, from last year's $101.3 million, or 89 cents a share, topping the average analyst estimate compiled by Thomson First Call of 93 cents a share. The real estate investment trust said it now expects 2005 FFO of $3.78 to $3.83 a share vs. prior forecasts of $3.77 to $3.83.
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