Kimco Realty Updates FY19 Outlook - Quick Facts

(RTTNews) - While reporting its financial results for the third quarter today, Kimco Realty Corp. (KIM, KIM-PG) updated its financial outlook for fiscal 2019.

For fiscal 2019, the company lowered its outlook for net income available to common shareholders to a range of $0.77 to $0.81 per share from the prior range of $0.82 to $0.88 per share.

The company now forecasts adjusted FFO in a range of $1.46 to $1.47, compared to the prior range of $1.44 to $1.48 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.81 per share for the year on revenues of $1.14 billion. Analysts' estimates typically exclude special items.

Kimco's board of directors declared a quarterly cash dividend of $0.28 per common share, payable on January 15, 2020, to shareholders of record on January 2, 2020.