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Kimco Realty Shoots 8.5% Higher on Q1 Beat, but Dividend Suspended

Eric Volkman, The Motley Fool
·2-min read
Kimco Realty Shoots 8.5% Higher on Q1 Beat, but Dividend Suspended

Kimco Realty (NYSE: KIM) ended the week on a high note, with investors snapping up its shares following the release of Q1 of fiscal 2020 earnings on Friday. The economic slowdown stemming from the SARS-CoV-2 coronavirus outbreak affected the results for the retail real estate investment trust (REIT) for the quarter. On the other hand, funds from operations (FFO) -- considered to be the most relevant profitability metric for REITs -- inched up by 1% to $160.5 million ($0.37) for the period.

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