WASHINGTON (dpa-AFX) - REIT Kimco Realty Corp. (KIM, KIM-PG) reported
Thursday net income available to the company's common shareholders for the
fourth quarter of $133.36 million or $0.22 per share, compared to a net loss of
$56.09 million or $0.09 per share in the year-ago quarter.

Funds from Operations or FFO, for the quarter were $239.44 million or $0.39 per
share, up from $234.86 million or $0.38 per share last year.

Total revenues for the quarter increased to $451.60 million from $439.83 million
in the previous year.

On average, analysts polled by Thomson Reuters expect the company to report
earnings of $0.16 per share on revenues of $447.43 million for the quarter.
Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects net income in a range of
$0.47 to $0.51 per share, FFO in a range of $1.54 to $1.58 per share and FFO,
excluding merger cost, in a range of $1.58 to $1.62 per share. The Street is
looking for earnings of $0.67 per share for the year.

Kimco's board of directors also declared a quarterly cash dividend on common
shares of $0.24 per share, payable on March 21, 2024, to shareholders of record
on March 7, 2024.

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