Kimco Realty (KIM) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$451.6M
Revenue reported for this quarter.
Quarter-over-quarter
+1.2%
Change from the immediately preceding quarter.
Year-over-year
+2.7%
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 |
|---|---|---|
| Mar 31, 2023 | $442.9M | +3.7% |
| Jun 30, 2023 | $442.8M | +3.7% |
| Sep 30, 2023 | $446.1M | +2.9% |
| Dec 31, 2023 | $451.6M | +2.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing the upward trajectory seen throughout the fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, reflecting sustained year-over-year improvement. The sequential increase was smaller than the annual gain.
What to watch
Monitor whether the pace of sequential revenue growth can accelerate in future quarters.