"REITs Deliver Strong Performance: Dividend Increases and Q3 2023 Results Revealed"
Getty Realty Corp., Equinix Inc., and Kimco Realty Corp. recently announced dividend increases after beating analyst estimates in their third-quarter operating results. Getty Realty, a retail REIT specializing in auto-related properties, reported FFO of $0.57 per share and revenue of $50.49 million, beating estimates and increasing its quarterly dividend by 4.7%. Equinix, a data center REIT, reported FFO of $5.97 and revenue of $2.06 billion, exceeding estimates and raising its dividend by 25%. Kimco Realty, a retail REIT with grocery store-anchored properties, reported FFO of $0.40 per share and revenue of $446.07 million, beating estimates and increasing its dividend by 4.3%.
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