Earnings Call Summary | Kimco Realty Corp(KIM.US) Q1 2024 Earnings Conference
Earnings Call Summary | Kimco Realty Corp(KIM.US) Q1 2024 Earnings Conference
The following is a summary of the Kimco Realty Corporation (KIM) Q1 2024 Earnings Call Transcript:
以下是Kimco Realty Corporation（KIM）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Kimco's FFO reached $261.8 million or $0.39 per diluted share, a 10.3% per share increase from Q1 of the previous year.
Performance was improved by a higher pro rata NOI of $53.7 million.
Q1 2024 credit loss recorded as 62 basis points compared to 92 basis points in Q1 2023.
The company ended Q1 2024 with a consolidated net debt to EBITDA ratio of 5.3x, improving from last year's 6.2x.
There was a slight drop in Q1 2024 occupancy rates by 40 basis points sequentially.
Kimco Realty Corporation maintains a strong liquidity position with over $2 billion of immediate availability and no upcoming debt maturities for the year.
Kimco的FFO達到2.618億美元，攤薄後每股收益爲0.39美元，較去年第一季度每股增長10.3％。
按比例提高了5,370萬美元的 NOI，從而改善了業績。
2024 年第一季度的信用損失記錄爲 62 個點子，而 2023 年第一季度爲 92 個點子。
截至2024年第一季度，該公司的合併淨負債與息稅折舊攤銷前利潤的比率爲5.3倍，高於去年的6.2倍。
2024年第一季度的入住率連續小幅下降了40個點子。
Kimco Realty Corporation保持強勁的流動性狀況，即時可用資金超過20億美元，本年度沒有即將到期的債務。
Business Progress:
業務進展：
Full-year guidance for FFO and same-site NOI has been raised in response to strong Q1 results.
RPT integration is now complete with expected annual G&A synergies to reach the high end of the estimated $34 million range.
Kimco has leased over 4 million square feet in Q1, with positive leasing spreads of 35.5%.
The company is focusing on open-air grocery and mixed-use portfolio in high barrier to entry markets.
Kimco will strategically deploy capital into lifestyle centers and grocery-anchored properties.
They adopted a proactive strategy to counter declining margins in pharmacy and health and wellness segments.
Kimco has launched programs targeting expanding retailers and food & beverage operators to drive small shop effort and demand.
The same store NOI guide has increased due to earlier commences that exceeded expectations.
Substantial leasing progress is expected with some elevation in the SNO pipeline anticipated due to continued activity.
Expansion into new markets like San Antonio and Nashville is being considered.
由於第一季度業績強勁，提高了FFO和同地NOI的全年指引。
RPT整合現已完成，預計每年的G&A協同效應將達到估計的3,400萬美元區間的最高水平。
Kimco在第一季度租賃了超過400萬平方英尺的面積，正租賃利差爲35.5％。
該公司專注於進入市場門檻高的露天雜貨店和混合用途產品組合。
Kimco將戰略性地將資金部署到生活方式中心和雜貨店經營的物業。
他們採取了積極的戰略來應對藥房和健康與保健領域利潤率的下降。
Kimco已經啓動了針對擴大零售商和食品和飲料運營商的計劃，以推動小型商店的努力和需求。
由於較早的開盤超出預期，同一門店的NOI指南有所增加。
由於持續的活動，預計租賃將取得實質性進展，預計SNO管道將有所增加。
正在考慮向聖安東尼奧和納什維爾等新市場擴張。
More details: Kimco Realty Corp IR
更多詳情： Kimco Realty Corp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。