Kimco Realty Reports Mixed Results; Updates Guidance (KIM)

Kimco Realty Corporation KIM reports Q3 earnings of $0.27 versus consensus of $0.26. Kimco Realty Corporation reports revenues of $210.5 million versus consensus of $212.14 million. The company sees FY 2010 non-recurring FFO in the range of $1.11 to $1.13; it also issued initial FY 2011 FFO guidance of $1.17 to $1.21. U.S. same-property NOI (cash-basis, excluding lease termination fees and including charges for bad debts) increased 2.2 percent from the same period in 2009. This represents continued improvement in same-property NOI and the highest increase since the third quarter 2008. Shares of KIM are higher in the after-hours by 0.38%.