Retail investment sales continue to cool as the pandemic shutters or restricts businesses across the U.S.
Anyone researching Kimco Realty Corporation (NYSE:KIM) might want to consider the historical volatility of the share...
Shares of real estate investment trust (REIT) Kimco Realty (NYSE: KIM) quickly jumped 10% in the first half hour of trading on April 28. Although there was no specific news related to the shopping center REIT, the move by several states to allow non-essential businesses to open again has been viewed very positively by investors. Roughly 75% of the rentable square feet in Kimco's centers is leased out to large tenants that are, for the most part, essential businesses (think grocery stores and the like).
Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, announced today that the company is rolling out a Curbside Pickup™ program at its Texas shopping centers, with plans for a nationwide expansion in the coming days. The company is designating curbside pickup parking spots at its centers for use by all tenants and their customers. The program is designed to help businesses adapt to the new shopping habits that have emerged as a result of the pandemic, and to allow customers to ease back into a daily shopping routine while feeling safe and comfortable.
Kimco Realty (KIM) will likely benefit from focus on grocery-anchored centers and balance sheet-strengthening moves, though store closures, tenant bankruptcy and rent collection remain woes.
Shifting property values could make REITs a value buy, especially in the industrial sector Continue reading...
KIM earnings call for the period ending March 31, 2020.
While Kimco (KIM) Q1 results will reflect benefits from portfolio-revamp moves, a choppy retail real estate environment and dispositions' dilutive impact are concerns.
Kimco Realty (KIM) delivered FFO and revenue surprises of 2.78% and 0.71%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
High occupancy of Kimco Realty's (KIM) portfolio and growth in new leasing aids Q1 results. The company also collects 60% of April rent.
Kimco Realty Corp. (NYSE:KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use properties, today reported results for the first quarter ended March 31, 2020. For the three months ended March 31, 2020 and 2019, Kimco’s net income available to the company’s common shareholders was $0.19 per diluted share and $0.24 per diluted share, respectively.
Kimco Realty Corp., owner of Suburban Square in Ardmore, Lincoln Square in Philadelphia and Garden State Pavilions in Cherry Hill is taking a proactive approach to help its retail tenants by assisting them in applying for federal and state funds offered to support businesses during the pandemic. “We have had a number conversations whether with local and institutional landlords, national tenants, local tenants, national restaurant operators or regional restaurant operators,” said Paige Jaffe, a retail broker with JLL.
Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that the company will partially monetize its investment in Albertsons Companies, Inc. (Albertsons) in conjunction with Albertsons’ $1.75 billion sale of convertible preferred stock.
Kimco Realty Corp. (NYSE: KIM) will announce its second quarter 2020 earnings on Friday, August 7, 2020 before market opens. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Friday, August 7, 2020 at 8:30 AM EDT.
Kimco's (KIM) move to monetize its Albertsons investment comes as liquidity is of utmost importance in the current choppy environment amid the coronavirus pandemic.
Kimco Realty (NYSE: KIM) ended the week on a high note, with investors snapping up its shares following the release of Q1 of fiscal 2020 earnings on Friday. The economic slowdown stemming from the SARS-CoV-2 coronavirus outbreak affected the results for the retail real estate investment trust (REIT) for the quarter. On the other hand, funds from operations (FFO) -- considered to be the most relevant profitability metric for REITs -- inched up by 1% to $160.5 million ($0.37) for the period.
Kimco Realty Corp. (NYSE:KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, announced today that it has closed on an incremental $215 million under the accordion feature of its previously announced $375 million unsecured term loan facility, bringing total borrowings under the facility to $590 million. In addition, the company has the ability to increase this amount by an additional $535 million, to more than $1.1 billion under the accordion feature, subject to further syndication.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kimco Realty Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Q1 2020 Kimco Realty Corp Earnings Call
Kimco Realty (KIM) raises additional money from term loan facility to bolster liquidity and remains well poised to tide through these uncertain times.