Kimco Realty (KIM) reported earnings on Fri 8 May 20 (a/h)

• Open-air mall operator; considered essential business during the pandemic (Walmart, grocery stores, etc.)
• Forward Dividend & Yield 1.12 (11.14%)

Kimco Realty beats by $0.01, reports revs in-line

Reports Q1 (Mar) funds from operations of $0.37 per share, $0.01 better than the S&P Capital IQ Consensus of $0.36; revenues fell 3.5% year/year to $284.7 mln vs the $283.35 mln S&P Capital IQ Consensus.

Attained pro-rata anchor occupancy of 98.6%, an increase of 80 basis points from first quarter 2019.

Grew same-property net operating income (NOI) 1.5% compared to the same period in 2019.