KIM Stock Recent News

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kimco Realty (KIM) have what it takes?

KIM's Q1 results reflect better-than-anticipated revenues. However, a rise in interest expenses acts as a dampener.

Kimco Realty Corporation (NYSE:KIM ) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants David Bujnicki - Senior Vice President of Investor Relations and Strategy Conor Flynn - Chief Executive Officer Ross Cooper - President and Chief Investment Officer Glenn Cohen - Executive Vice President and Chief Financial Officer David Jamieson - Executive Vice President and Chief Operating Officer Conference Call Participants Michael Goldsmith - UBS Dori Kesten - Wells Fargo Samir Khanal - Bank of America Alexander Goldfarb - Piper Sandler Nicholas Joseph - Citi Haendel St. Juste - Mizuho Michael Griffin - Evercore ISI Greg McGinniss - Scotiabank Wesley Golladay - Robert W. Baird & Co. Floris van Dijkum - Compass Point Michael Mueller - JPMorgan Paulina Rojas - Green Street Capital Linda Tsai - Jefferies Michael Gorman - BTIG Operator Good day, and welcome to the Kimco Realty First Quarter 2025 Earnings Conference Call.

The headline numbers for Kimco Realty (KIM) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.39 per share a year ago.

– Raises 2025 Outlook on Robust Growth in Net Income and FFO –– Same Property NOI Increased 3.9%; Credit Loss Better than Expected –– Leased Over Four Million Square Feet; New Lease Spreads Approach 49% –– Achieves Strategic Target: 85% of Annual Base Rent from Grocery-Anchored Portfolio –

KIM's Q1 earnings are likely to have gained from its grocery-anchored, diverse premium properties in high-growth markets and focus on mixed-use assets.

Reflecting on past financial losses, I emphasize the importance of diversification to mitigate risks, as exemplified by my own experience with real estate investments. I advocate for a diversified investment portfolio, including REITs, BDCs, MLPs, Preferreds, Asset Managers, and Dividend Aristocrats, to ensure sustained high cash flow. Highlighting eight high-yielding REITs in the S&P 500, I provide insights into their performance, risks, and growth potential, emphasizing the need for diversification within the REIT sector.

Kimco Realty is a conservatively financed retail REIT with a low payout ratio and attractive valuation, poised for long-term growth in portfolio and earnings. Founded in 1958, Kimco focuses on grocery-anchored retail, ensuring stability and consistent foot traffic, with a portfolio of 568 properties across major U.S. metropolitan areas. The demand for physical retail space remains strong, with rising rent prices and low vacancy rates, bolstered by limited new supply of grocery strip centers.

Nine out of ten "Safest" BBB dividend dogs are ready to buy, with annual dividends from $1K invested exceeding single share prices. Analysts expect 32.86% to 53.48% net gains from top-ten BBB dogs by April 2026, with an average net gain of 43.38%. Best Buy, LyondellBasell, and Pfizer are among the top projected profit-generating trades based on dividends and target price estimates.