Kimco Realty Corp (000656.SZ) released the 2024 half-year performance forecast, reporting a net loss of 1.5 billion-2.5 billion yuan attributable to shareholders of listed companies during the reporting period, compared with a loss of 1939.7466 million yuan in the same period last year; After deducting non-recurring gains and losses, the net profit loss is 0.8 billion-1.8 billion yuan, compared with a loss of 1076.6134 million yuan in the same period last year; Basic earnings per share loss of 0.28 yuan/share -0.47 yuan/share.
Due to the industry environment and the company's own operating conditions, the delivery volume of the company and the real estate projects invested by the company has decreased, and the overall turnover has decreased, resulting in a decline in profits; The corresponding interest-bearing liabilities and interest expenses of interest-capitalized projects have increased due to the gradual completion and other factors of the company's stock real estate development projects, and the company continues to provision for corresponding default interest and other losses.