Investing.com - Kimco reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Kimco announced earnings per share of $0.08 on revenue of $433.40. Analysts polled by Investing.com anticipated EPS of $0.16 on revenue of $422.55M.
Kimco shares are down 16% from the beginning of the year , still down 22.08% from its 52 week high of $26.57 set on Thursday, April 28, 2022.
Kimco follows other major Real Estate sector earnings this month
Kimco's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.8 on revenue of $2.67B, compared to forecasts EPS of $1.13 on revenue of $2.65B.
Prologis had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.36 on revenue of $1.75B, compared to forecast for EPS of $1.34 on revenue of $1.2B.
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