Kimco Realty Corp. reports developments for a U.S. real estate investment trust that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its updates center on leasing volume, rent commencements, occupancy, tenant mix, net income, funds from operations, balance sheet activity, and capital allocation across a portfolio concentrated in first-ring suburbs of major metropolitan markets.
Recurring announcements also cover acquisitions, dispositions, redevelopment and structured investment activity, dividend tax treatment for common and preferred stock, board composition, earnings calls, and investor conference presentations.
Kimco Realty Corp. (NYSE: KIM) has declared a quarterly dividend for its 5.125% Class L and 5.25% Class M cumulative redeemable preferred stock. The dividends will be distributed on January 15, 2021, to shareholders recorded by January 4, 2021. With 400 U.S. shopping centers and mixed-use assets, Kimco is a leading real estate investment trust focused on grocery-anchored properties. As of June 30, 2020, the company manages approximately 70 million square feet of gross leasable space and is publicly traded on the NYSE since 1991.
Kimco Realty Corp. (NYSE: KIM) announces the grand opening of ShopRite, a 70,000-square-foot grocery anchor at The Boulevard in Staten Island, part of a $200 million redevelopment project. ShopRite’s opening is a significant milestone as it is the first tenant at the newly constructed shopping center, which will also feature tenants like Marshalls and Ulta in 2021. Kimco's strategy focuses on essential retailers in high-demand areas, showcasing 97% tenant operational success during the pandemic, bolstered by strong liquidity and a solid balance sheet.