Kimco Realty (KIM) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter a year ago. The sequential gain was modest, while the year-over-year growth was more pronounced.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter a year ago. The sequential gain was modest, while the year-over-year growth was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$446.1M
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8B
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 |
|---|---|---|
| Dec 31, 2022 | $439.8M | +3.6% |
| Mar 31, 2023 | $442.9M | +3.7% |
| Jun 30, 2023 | $442.8M | +3.7% |
| Sep 30, 2023 | $446.1M | +2.9% |
Revenue performance
The reported revenue reflects a continued upward trajectory, building on the gains seen in the preceding quarters of the fiscal year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. Relative to the same quarter one year earlier, revenue showed a larger increase.
What to watch
The filing context notes potential impacts from inflationary pressures and rising interest rates on liquidity and capital resources.