DOW JONES NEWSWIRES

Kimco Realty Corp. (NYSE:KIM) (KIM) on Monday raised its outlook for 2007 funds from operations to $2.49 to $2.59 a share after receiving a $121.3 million cash distribution from its stake in Albertson's LLC.

Kimco, a New Hyde Park, N.Y., real-estate investment trust, had previously expected full-year funds from operations of $2.39 to $2.49 a share.

Separately, Acadia Realty Trust (NYSE:AKR) (AKR) also raised its 2007 funds from operation guidance to $1.30 to $1.35 a share and per-share earnings view to 65 cents to 70 cents after receiving its own cash distribution of $8.5 million from its investment interest in Albertson's LLC.

Acadia, of White Plains, N.Y., earlier had expected funds from operations of $ 1.24 to $1.32 a share and earnings of 59 cents to 67 cents a share.

Albertson's LLC, a private entity that acquired the assets and business operations of the former Albertson's Inc., obtained the cash from the sale of some stores and the refinancing of the remaining assets.

-James DeWeese; 201-938-5400; AskNewswires@dowjones.com

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    (END) Dow Jones Newswires   02-26-07 0739   Copyright (c) 2007 Dow Jones & Company, Inc.