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Kimco Realty Corporation - KIM STOCK NEWS

Welcome to our dedicated page for Kimco Realty Corporation news (Ticker: KIM), a resource for investors and traders seeking the latest updates and insights on Kimco Realty Corporation stock.

Kimco Realty Corp. (symbol: KIM) is one of the oldest real estate investment trusts (REITs) in the United States, specializing in the ownership and management of shopping centers. With interests in 523 shopping centers across major markets in the U.S., Kimco controls roughly 77 million square feet of leasable space. The company's portfolio is strategically located in densely populated areas, ensuring high foot traffic and sustained demand for retail spaces.

Kimco Realty focuses on creating value through strategic property acquisitions, proactive leasing efforts, and continuous asset management. The REIT is committed to sustainability, integrating eco-friendly practices across its operations. Recent achievements include significant leasing milestones and renovations that enhance the shopping experience for customers and increase the attractiveness of its properties for tenants.

Financially, Kimco Realty maintains a robust balance sheet, demonstrating resilience and adaptability, even amidst economic fluctuations. The company's strategic partnerships and joint ventures further amplify its market presence and operational efficiency. Kimco's diverse tenant base from various retail sectors, including groceries, fashion, and essential services, provides a stable revenue stream, reducing the risks associated with market volatility.

In addition to its primary business of shopping centers, Kimco Realty is investing in mixed-use development projects that incorporate residential, office, and retail spaces. These projects aim to create vibrant, community-centric environments that cater to the evolving preferences of modern consumers and businesses.

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On June 27, 2024, Kimco Realty (NYSE: KIM) released its 2023 Corporate Responsibility Report, highlighting significant achievements in environmental, social, and governance (ESG) aspects. Key milestones include progress toward net zero Scope 1 and 2 GHG emissions, a second consecutive Retail Leader in the Light Award from Nareit, and top peer ranking by GRESB. Kimco also launched its IREM® Certified Sustainable Properties Volume Program, achieving 19 certifications, and established new Employee Resource Groups and a volunteerism drive. Kimco's 2023 achievements reflect a commitment to intertwining financial performance with sustainability excellence.

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On June 25, 2024, Seattle-based retailer Nordstrom announced plans to open a new Nordstrom Rack store in Houston in spring 2025. The new 30,000 square-foot store will be located in the Westchase Shopping Center, which features other major retailers like Whole Foods and Target. This expansion is part of Nordstrom's strategy to offer convenience and interconnected experiences across its physical and digital platforms. The new location will provide services such as online order pickups and easy returns. Additionally, this store joins other upcoming openings in San Antonio and Houston, further expanding Nordstrom's presence in Texas where it already operates 29 stores and employs around 4,000 people statewide. Nordstrom emphasizes its commitment to community investment and has donated over $2 million to Big Brothers Big Sisters of the United States in the past four years.

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Kimco Realty (NYSE: KIM) will announce its second quarter 2024 earnings on August 1, 2024, before market open. The company invites stakeholders to join the earnings conference call at 8:30 AM ET on the same day. The call can be accessed via live webcast on their investor relations website, or by dialing 1-888-317-6003 (International: 1-412-317-6061) with the passcode 1566978. Audio will be available online until November 1, 2024.

Kimco Realty is a REIT specializing in grocery-anchored shopping centers and mixed-use properties in major metropolitan markets across the U.S. As of March 31, 2024, Kimco owned interests in 569 shopping centers and mixed-use assets totaling 101 million square feet of gross leasable space. The company has been publicly traded on the NYSE since 1991 and is included in the S&P 500 Index.

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Kimco Realty announced that its management team will present at the Nareit REITweek Investor Conference on June 4, 2024. The presentation will be live-streamed from 11:00 AM to 11:30 AM ET, and the audio will be accessible on Kimco's investor relations website until July 5, 2024. The event aims to provide insights into Kimco Realty's strategies and performance.

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Kimco Realty reported strong growth and leasing activity in the first quarter of 2024. They successfully acquired RPT Realty, declared a quarterly dividend, and updated their 2024 outlook. Despite a net loss compared to the previous year, they achieved a 3.9% growth in Same Property Net Operating Income and pro-rata portfolio occupancy of 96.0%. The company leased 4.0 million square feet with positive rent spreads and completed a $2.3 billion acquisition of RPT Realty.

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Bain Capital Real Estate and 11North Partners form a strategic partnership to acquire and operate open-air retail centers in the U.S. and Canada. The platform will focus on retail opportunities with necessity-based tenants, led by CEO Brian Harper. The partnership aims to capitalize on the strong retail sector fundamentals and changing consumer behavior, leveraging Bain Capital's expertise in the retail space.
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Kimco Realty (NYSE: KIM) surpasses its 2024 RPT disposition target ahead of schedule by selling ten properties for $248 million. The company expects new investment activity to outpace dispositions for the rest of 2024.
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Kimco Realty (KIM) will release its first quarter 2024 earnings on May 2, 2024, before the market opens. Investors can join the quarterly earnings conference call at 8:30 AM ET. Details for accessing the webcast and audio replay are provided.
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Kimco Realty (KIM) to present at Citi 2024 Global Property CEO Conference on March 5, 2024. The management will present from 7:30 AM - 8:05 AM, ET. A replay of the webcast will be available until March 4, 2025.
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Kimco Realty (NYSE: KIM) reports strong fourth-quarter and full-year results, with significant gains in net income, funds from operations, and portfolio occupancy. The company achieved a record high in small shop occupancy, and signed 1.0 million square feet of new leases, the highest level in over 10 years. Despite a positive outlook for 2024, the company experienced a decrease in net income available to common shareholders per diluted share from the previous year.
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FAQ

What is Kimco Realty Corp's core business?

Kimco Realty Corp. specializes in the ownership and management of shopping centers across major markets in the U.S.

How many shopping centers does Kimco Realty own?

Kimco Realty owns interests in 523 shopping centers, representing approximately 77 million square feet.

What markets does Kimco Realty operate in?

Kimco Realty operates in major markets across the United States, focusing on densely populated areas.

What is Kimco Realty's approach to sustainability?

Kimco Realty integrates eco-friendly practices across its operations to enhance sustainability and value creation.

How does Kimco Realty ensure financial stability?

Kimco Realty maintains a robust balance sheet and a diverse tenant base, providing a stable revenue stream and reducing market risk.

What recent achievements has Kimco Realty had?

Recent achievements include significant leasing milestones and renovations that boost the appeal of its shopping centers.

Does Kimco Realty engage in mixed-use developments?

Yes, Kimco Realty is investing in mixed-use development projects that combine residential, office, and retail spaces.

What is the tenant composition of Kimco Realty's properties?

Kimco Realty's tenant base is diverse, including grocery stores, fashion retailers, and essential service providers.

What partnerships enhance Kimco Realty's market presence?

Strategic partnerships and joint ventures enhance Kimco Realty's market presence and operational efficiency.

Is Kimco Realty involved in community-centric projects?

Yes, Kimco Realty's mixed-use projects aim to create vibrant, community-centric environments catering to modern preferences.

Kimco Realty Corporation

NYSE:KIM

KIM Rankings

KIM Stock Data

13.87B
674.12M
2.17%
93.94%
2.2%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
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