KIM Stock Recent News

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Kimco Realty CEO Conor Flynn joins 'Power Lunch' to discuss how inflation has impacted retailers and consumers.

Kimco Realty Corporation experienced a short period of selling weakness, leading to an aggressive increase in position. The company saw strong lease activity and exhibited healthy dividend metrics, making it an attractive investment from a cash flow and dividend growth perspective. Kimco Realty's low pay-out variability and favorable leasing spreads make it a compelling buy for passive income investors.

These two real estate stocks have high yields and surprisingly strong businesses.

JERICHO, N.Y., May 30, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) announced today that members of its management team will present at the Nareit REITweek Investor Conference on Tuesday, June 4, 2024. The webcast information is as follows:

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

While the top- and bottom-line numbers for Kimco Realty (KIM) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to FFO of $0.39 per share a year ago.

Beyond analysts' top -and-bottom-line estimates for Kimco Realty (KIM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

While a healthy retail real estate market and focus on developing mixed-use assets are likely to have aided Kimco's (KIM) Q1 earnings, higher interest expenses may have hurt it.