KIM Earnings Prediction
The chart below shows how KIM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KIM sees a -2.62% change in stock price 10 days leading up to the earnings, and a +0.04% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
KIM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
525.40M
16.34%
3.50%
Gross Margin
68.00%
0.06%
-1.28%
Operating Margin
31.64%
-2.80%
-6.14%
Net Margin
31.98%
1.62%
17.27%
EPS
0.23
4.55%
21.05%
No Data Available
KIM Earnings Analysis
Kimco Realty Corp Corporation (KIM.N) Earnings Conference Call
Positive
Earnings Surprise Report: Kimco Realty Corporation reported a Q4 2024 EPS of $0.4237, exceeding expectations of $0.42, marking a positive earnings surprise.
NOI Growth Analysis: Total pro-rata NOI increased by $60.8 million or 17.8% year-over-year, reaching $403.4 million, driven by acquisitions and higher minimum rents.
Same-Site NOI Growth: Same-site NOI growth for Q4 was 4.5%, primarily due to a 3.8% increase from higher minimum rents and faster rent commencements.
Portfolio Occupancy Increase: Year-end portfolio occupancy stood at 96.3%, reflecting a year-over-year increase of 10 basis points, demonstrating strong leasing momentum.
Strong Liquidity Position: The company ended the year with a robust liquidity position of $690 million in cash and full availability of a $2 billion revolving credit facility, positioning it well for future growth.
Negative
Rising Interest Expense: Increased pro-rata interest expense of $16.4 million due to higher debt levels from the RPT acquisition and prefunding of a $500 million bond maturing in February 2025.
Occupancy Rate Challenges: Year-end portfolio occupancy declined by 10 basis points sequentially, despite a year-over-year increase of 10 basis points, indicating potential leasing challenges.
Credit Loss Analysis: Credit loss for the fourth quarter was 82 basis points, meeting the low end of the 2024 outlook assumption, suggesting ongoing tenant financial instability.
FFO Per Share Outlook: The 2025 FFO per share outlook range of $1.70 to $1.72 represents only a 3% to 4.2% growth, indicating a slowdown compared to previous growth rates.
Bankruptcy Risks to Revenue: Several recently announced bankruptcy filings by tenants, including Party City and Joanne’s, pose risks to future occupancy and revenue growth.
KIM FAQs
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KIM Earning Call Sentiment
Kimco Realty Corporation (NYSE:KIM) Q4 2024 Earnings Call Transcript
KIM.N
-0.46%Positive
The earnings call summary indicates mixed signals. While financial metrics like FFO and NOI growth are positive, tenant bankruptcies and credit loss assumptions pose significant risks. Raised FFO guidance is a positive sign, but concerns about occupancy and competitive pressures temper optimism. The Q&A section reveals management's evasive responses on refinancing and ground lease sales, adding uncertainty. The absence of market cap data limits precise prediction, but the combination of positive and negative factors suggests a neutral stock price movement over the next two weeks.
