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Kimco Funds From Operations Fall 28 Percent In 1Q

Stock quotes in this article: KIM  

NEW HYDE PARK, N.Y. (AP) — Strip mall operator Kimco Realty Corp. said Thursday its funds from operations fell 28 percent as retailer bankruptcies led to a drop in occupancy rates.

During the quarter, funds from operations were $117.8 million, or 43 cents per share, compared with $164.4 million, or 64 cents per share a year earlier.

On average, analysts polled by Thomson Reuters expected quarterly funds from operations of 44 cents per share. ...

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