Kimco Realty (NYSE: KIM) shares surged 5.01% in Thursday's trading session following the release of its impressive first-quarter 2025 results and an upward revision to its full-year guidance. The real estate investment trust (REIT) demonstrated robust growth and operational strength, surpassing analyst expectations.

The company reported funds from operations (FFO) of $0.44 per diluted share for Q1 2025, marking a 12.8% increase from $0.39 in the same period last year and beating the FactSet analyst consensus of $0.42. Total revenue for the quarter rose 6.5% year-over-year to $531.3 million, driven by higher minimum rent and increased reimbursement income. Kimco's same-property net operating income (NOI) grew by 3.9%, reflecting strong leasing demand and improved occupancy rates.

Kimco's CEO, Conor Flynn, expressed confidence in the company's performance, stating, "We are very encouraged by our strong start to 2025, driven by robust leasing demand, accelerated rent commencements, and better-than-expected tenant credit performance." The company's success in finalizing multi-pack leasing agreements, including with Sprouts Farmers Market, has enhanced visibility into future cash flow growth. In light of these positive results, Kimco raised its 2025 FFO guidance to a range of $1.71 to $1.74 per share, up from the previous forecast of $1.70 to $1.72.