Kimco Realty (KIM) Tops Q3 FFO by 3c
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Kimco Realty Announces Third Quarter 2015 Results and Raises Full Year 2015 FFO Guidance Range; Board Approves 6.3% Dividend Increase per Common Share
November 4, 2015 4:05 PM ESTNEW HYDE PARK, N.Y.--(BUSINESS WIRE)-- Kimco Realty Corp. (NYSE: KIM) today reported results for the third quarter ended September 30, 2015.
Highlights and Subsequent Activity:
Pro-rata occupancy in both the U.S. and combined portfolios increased 10 basis points over the third quarter of 2014 to 95.6% and 95.4%, respectively; Rent spreads for new U.S. leases were up 28.6% with overall U.S. rent spreads increasing 10.6%; Raised 2015 funds from operations (FFO) guidance range to $1.54 - $1.57 per diluted share;... More