Jericho, New York-based Kimco Realty Corporation (KIM) is a real estate investment trust (REIT), specializing in open-air, grocery-anchored shopping centers and mixed-use properties. With a market cap of $16.2 billion, its portfolio is concentrated in top U.S. metropolitan markets and expanding Sun Belt cities. The company is expected to announce its fiscal Q3 earnings results before the market opens on Thursday, Oct. 31.
Ahead of this event, analysts expect the REIT to report a FFO of $0.41 per share, up 2.5% from $0.40 per share in the year-ago quarter. The company has surpassed or met Wall Street's bottom-line estimates in the last four quarterly reports. KIM reported FFO of $0.41 per share in the most recent quarter, exceeding the consensus estimate by a 2.5% margin.
