Kimco Realty Corp. Q3 Profit Rises - Quick Facts

(RTTNews) - Kimco Realty Corp. (KIM) reported that its third-quarter net income available to shareholders increased to $41.2 million, or $0.10 per share, from $27.1 million, or $0.07 per share, last year. Reported funds from operations was $0.34 per share, compared to $0.29, prior year. FFO as adjusted was $0.33 per share for the third quarter of 2013.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.33 for the quarter. Analysts' estimates typically exclude special items.

Total revenues rose to $241.50 million, from $222.86 million, prior year. Analysts expected revenue of $233.86 million for the quarter.

Kimco's board declared and increased the company's quarterly cash dividend 7.1 percent to $0.225 per common share payable on January 15, 2014, to shareholders of record on January 2, 2014.

The company's 2013 full-year guidance range for FFO as adjusted, which does not include any estimate for transactional activities or non-operating impairments, has been increased to $1.32-$1.33 per share from the previous $1.31-$1.33 per share. Analysts expect the company to report full year 2013 profit per share of $1.33.

The company's preliminary 2014 guidance for FFO as adjusted per share, is $1.36-$1.40. Analysts expect the company to report fiscal 2014 profit per share of $1.38.