Kimco Q4 2020 Earnings Report
Key Takeaways
Kimco Realty reported Q4 2020 results with strong rent collections, leasing volume reaching pre-pandemic levels. The company collected 92% of total pro-rata base rents billed and signed 92 new leases for 406,000 square feet. Net income available to common shareholders was $194.9 million, or $0.45 per diluted share, and NAREIT FFO was $133.0 million, or $0.31 per diluted share.
Collected 92% of total pro-rata base rents billed during the fourth quarter.
Pro-rata portfolio occupancy was reported at 93.9%.
Signed 92 new leases for 406,000 square feet during the fourth quarter, an 18% increase over the same period in 2019.
Pro-rata rental-rate spreads on comparable spaces increased 6.0%.
Kimco
Kimco
Kimco Revenue by Segment
Forward Guidance
Kimco provided full year 2021 outlook, expecting Net Income available to common shareholders (per diluted share) of $0.46 to $0.52 and NAREIT FFO (per diluted share) of $1.18 to $1.24.
Revenue & Expenses
Visualization of income flow from segment revenue to net income