Kimco Realty (KIM) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The sequential gain was modest but the year-over-year rise was more pronounced.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The sequential gain was modest but the year-over-year rise was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$442.9M
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $427.2M | +47.8% |
| Sep 30, 2022 | $433.4M | +17.6% |
| Dec 31, 2022 | $439.8M | +3.6% |
| Mar 31, 2023 | $442.9M | +3.7% |
Revenue performance
The reported revenue for this quarter reflects a modest sequential improvement from the immediately preceding quarter. The year-over-year comparison shows a stronger increase against the same quarter one year ago.
Quarterly comparison
Compared with the preceding quarter, revenue rose at a subdued rate. In contrast, the comparison with the same quarter one year earlier registered a larger positive change.
What to watch
Monitor whether the pace of sequential revenue growth sustains or accelerates in upcoming quarters.