KIM Stock Recent News

Kimco's (KIM) focus on grocery-anchored centers, mixed-use assets and a solid balance sheet augur well for long-term growth. However, surging e-commerce adoption and high interest rates are concerns.

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Kimco (KIM) acquires RPT Realty in an all-stock deal, adding 56 open-air shopping centers to its portfolio. The move will likely result in earnings accretion and preserve balance sheet strength.

Kimco Realty's shares have been trading towards the higher end of the range due to a decline in interest rates. The company announced a substantial deal to gain scale and increase exposure to growing geographic areas over the summer. The nature of the real estate is cost-intensive, making me cautious despite a high initial yield.

JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty® (NYSE: KIM) will announce its fourth quarter 2023 earnings on Thursday, February 8, 2024, before market open. You are invited to listen to our quarterly earnings conference call, which will be webcast on Thursday, February 8, 2024, at 8:30 AM ET. Event: Kimco Realty's Fourth Quarter Results When: 8:30 AM ET, February 8, 2024 Live Webcast: 4Q23 Kimco Realty Earnings Conference Call or on Kimco Realty's website investors.kimcorealty.com Dial #: 1-888-.

A focus on grocery-anchored centers, mixed-use assets and a solid balance sheet are likely to support Kimco (KIM) despite growing e-commerce adoption, tenant bankruptcy and high-interest-rate concerns.

Kimco's acquisition of RPT Realty is set to deliver a credit boost to RPT Realty's Series D preferreds. The all-stock transaction does not represent a fundamental change, so the preferreds will remain outstanding. They currently offer a higher yield on cost than Kimco's other outstanding preferreds but trade at a premium to their par value.

Conor Flynn, Kimco Realty CEO, joins 'Power Lunch' to discuss commercial real estate in shopping centers.

Kimco Realty Corporation performed well in Q3, with FFO exceeding dividends and same-store NOI growth. The trust focuses on grocery-anchored shopping centers, providing stable cash flows and foot traffic. Despite a slight dip in occupancy, KIM raised its dividend by 4% and increased FFO guidance.

Kimco's stock has lost 18% of its value in the past year, but the company has been raising its dividend. The increase in interest rates has negatively affected real estate stocks, but Kimco remains attractive for dividend-oriented investors. Kimco reported strong Q3 results, with solid same-store net operating income and a high occupancy rate.