Kimco Realty Cp Stock Price, News & Analysis

Kimco Realty (NYSE: KIM) has announced the pricing of $500 million in notes due 2036 through its subsidiary Kimco Realty OP, LLC. The notes carry a 5.300% interest rate with an effective yield of 5.354% and will mature on February 1, 2036. The offering is expected to settle on June 26, 2025. The company plans to use the proceeds for general corporate purposes, including repaying its $2.0 billion unsecured revolving credit facility and funding acquisition, investment, and redevelopment opportunities. Kimco Realty is a prominent REIT specializing in open-air, grocery-anchored shopping centers, with a portfolio of 567 U.S. shopping centers and mixed-use assets totaling 101 million square feet of gross leasable space as of March 31, 2025.

Kimco Realty (NYSE: KIM) has announced its participation in the upcoming Nareit REITweek Investor Conference. The company's management team will deliver a presentation on Wednesday, June 4, 2025, from 9:30 AM to 10:00 AM ET. The presentation will be accessible via a live webcast through Kimco's website or directly at https://vimeo.com/event/5090222/. The audio recording will remain available on Kimco Realty's investor relations website until July 5, 2025.

Kimco Realty® (NYSE: KIM) reported strong Q1 2025 results with significant improvements across key metrics. Net income reached $0.18 per diluted share, compared to a loss of ($0.03) in Q1 2024. FFO grew 12.8% to $0.44 per share. The company achieved a 3.9% increase in Same Property NOI and generated impressive 48.7% rent spreads on new leases. Kimco reached its strategic target with 85% of annual base rent now coming from grocery-anchored centers. The company acquired The Markets at Town Center in Jacksonville for $108 million and expanded its pipeline of near-term rent commencements to $60 million. Based on strong performance, Kimco raised its 2025 guidance, with FFO now expected at $1.71-$1.74 per share. The company maintains strong occupancy at 95.8% and demonstrated better-than-expected credit performance with only 56 basis points of credit loss.

Kimco Realty (NYSE: KIM) has scheduled its first quarter 2025 earnings announcement for Thursday, May 1, 2025, before market open, followed by a conference call at 8:30 AM ET. The company will host a live webcast and conference call accessible via dial-in numbers.

As of December 31, 2024, Kimco operates as a leading real estate investment trust (REIT) specializing in open-air, grocery-anchored shopping centers and mixed-use properties across the United States. Their portfolio includes 568 U.S. shopping centers and mixed-use assets, totaling 101 million square feet of gross leasable space. The company's assets are strategically located in first-ring suburbs of major metropolitan areas, particularly in high-barrier-to-entry coastal markets and growing Sun Belt cities.

Kimco Realty (NYSE: KIM), a leading REIT specializing in open-air, grocery-anchored shopping centers, has announced its participation in the Citi 2025 Global Property CEO Conference. The presentation is scheduled for Monday, March 3, 2025, from 7:30 AM to 8:05 AM ET, with a replay available until March 2, 2026.

As of December 31, 2024, Kimco's portfolio includes 568 U.S. shopping centers and mixed-use assets, encompassing 101 million square feet of gross leasable space. The company's strategic focus lies in first-ring suburbs of major metropolitan markets, particularly in high-barrier-to-entry coastal markets and growing Sun Belt cities. Their properties emphasize essential, necessity-based goods and services that generate frequent customer visits.

Listed on the NYSE since 1991 and a component of the S&P 500 Index, Kimco has over 65 years of expertise in shopping center operations, management, acquisitions, and value-enhancing redevelopment.

Kimco Realty (NYSE: KIM) reported strong Q4 and full-year 2024 results, achieving the high end of its full-year outlook. Q4 net income increased to $0.23 per diluted share from $0.22 in Q4 2023, while FFO grew 7.7% to $0.42 per diluted share. The company demonstrated robust operational performance with:

- 4.5% growth in Same Property NOI
- 96.3% pro-rata portfolio occupancy
- 35.4% pro-rata cash rent spreads on new leases
- Over 11 million square feet leased in 2024

Notable acquisitions include Waterford Lakes Town Center in Orlando for $322 million and Markets at Town Center in Jacksonville for $108 million. The company provided its 2025 outlook with projected net income of $0.70-$0.72 per share and FFO of $1.70-$1.72 per share. Kimco declared a quarterly dividend of $0.25 per common share.

Kimco Realty (NYSE: KIM), a leading owner of grocery-anchored shopping centers, has announced its 2024 dividend tax treatment. The company distributed total common stock dividends of $0.97 per share throughout 2024, with quarterly payments of $0.24 for the first three quarters and $0.25 for the fourth quarter.

The tax treatment breakdown shows 66.72% as qualified ordinary income, 0.95% as non-qualified ordinary income, and 32.33% as capital gains. Notably, Kimco recognized approximately $325 million in long-term capital gains in 2024, including gains from selling its remaining Albertsons Companies shares. The company retained these capital gains for corporate purposes and will pay the associated taxes.

As of December 31, 2024, Kimco owned interests in 568 U.S. shopping centers and mixed-use assets, comprising 101 million square feet of gross leasable space.

Kimco Realty (NYSE: KIM) announced significant changes to its Board of Directors. Milton Cooper, the company's founder and Executive Chairman, will retire at the 2025 Annual Meeting of Stockholders after more than 60 years of leadership, transitioning to Chairman Emeritus. Richard Saltzman, who has served as a director since 2003, will become Independent Chairman of the Board.

The company also appointed Nancy Lashine and Ross Cooper to the Board of Directors effective January 21, 2025. Lashine will serve on the Audit and Executive Compensation Committees. Additionally, Mary Hogan Preusse will conclude her service as Lead Independent Director while remaining a Board member.

Kimco Realty, founded in 1960 and publicly traded since 1991, currently owns interests in 568 U.S. shopping centers and mixed-use assets, comprising 101 million square feet of gross leasable space.

Kimco Realty (NYSE: KIM) has acquired The Markets at Town Center, a 254,000-square-foot premier asset in Jacksonville, Florida, for $108 million. This marks the company's first acquisition through its Structured Investment Program, where Kimco previously provided $15 million in mezzanine financing.

The property is 97% occupied and is anchored by Sprouts Farmers Market and shadow anchored by Costco Wholesale. Located in North Florida's most sought-after shopping district, it serves an affluent customer base with an estimated population of 192,000 and an average household income of $95,000 within a five-mile radius, generating over four million annual visits.

Built in 2008, the center presents mark-to-market opportunities due to below-market leases. This acquisition expands Kimco's Jacksonville presence to 6 properties totaling approximately 1.5 million square feet with a 98.6% occupancy rate as of December 31, 2024.