KIM Stock Recent News

Falling interest rates could create a tailwind for REITs, and these could be great ways to invest.

Kimco Realty (KIM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

KIM's focus on grocery-anchored centers, mixed-use assets and a solid balance sheet position is likely to bode well for long-term growth.

The Fed's anticipated rate cuts will likely shift $3 trillion from money market funds to longer-duration fixed-income assets, including RMBS, corporate bonds, and REIT preferreds. Mispricing in the high yield space, particularly REIT preferreds, presents substantial capital appreciation potential due to wide spreads and significant discounts to par value. Preferreds with sound fundamentals, large discounts to par, and high current spreads are poised for 15%+ capital appreciation and double-digit total returns.

KIM's rating outlook is revised upward by S&P Global Ratings to 'Positive' from 'Stable' on expectations of solid operating performance.

JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty Corporation (NYSE: KIM) (the “Company”) today announced that its subsidiary, Kimco Realty OP, LLC (“Kimco OP” and, together with the Company, “Kimco”), has priced a public offering of $500 million aggregate principal amount of 4.850% notes due 2035 (the “notes”) with an effective yield of 4.873%, maturing March 1, 2035. The notes will be fully and unconditionally guaranteed by the Company. The offering is expected to settle on September 16, 2024, subject to the satisfaction of customary closing conditions.

In a positive development, KIM achieves an 'A-' credit rating from Fitch based on its operational excellence, access to capital markets and balance sheet strength.

Kimco Realty offers a high-quality 4.2% dividend yield with a low 60% pay-out ratio, indicating strong potential for future dividend growth. The trust's portfolio has strong lease metrics, with 96.2% occupancy and rising rents, supported by a 13% YoY increase in funds from operations. Kimco Realty's recent acquisition of RPT Realty and upward revision of FFO forecast highlight its growth potential and robust financial health.

JERICHO, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the company achieved an ‘A-' credit rating with a stable outlook from Fitch Ratings (“Fitch”), making it one of just 12 publicly-listed U.S. REITs with a credit rating of ‘A-' equivalent or better.

Kimco Realty's (KIM) focus on grocery-anchored centers, mixed-use assets and a solid balance sheet position is likely to bode well for long-term growth.