Welcome to our dedicated page for Kimco Realty Cp news (Ticker: KIM), a resource for investors and traders seeking the latest updates and insights on Kimco Realty Cp stock.
Kimco Realty (NYSE: KIM), a leading owner of open-air, grocery-anchored shopping centers, provides investors with critical updates through this centralized news hub. Track the REIT's latest developments including earnings announcements, strategic acquisitions, tenant partnerships, and property enhancements across its national portfolio.
This resource offers stakeholders timely access to press releases and market-moving updates while maintaining focus on Kimco's core strengths: stable retail anchors, diversified tenant mix, and disciplined capital allocation. Key coverage areas include lease renewals, sustainability initiatives, and financial performance metrics relevant to commercial real estate investors.
All content undergoes rigorous verification to ensure accuracy and compliance with financial disclosure standards. Bookmark this page for efficient monitoring of Kimco's operational milestones and industry positioning within the evolving retail property sector.
Kimco Realty (NYSE: KIM), the leading publicly traded owner of open-air grocery-anchored shopping centers, announced its 2022 dividend distributions, totaling $0.840 for common shares. The dividends were allocated across four payments, with the last at $0.230 per share. Kimco also recognized a long-term capital gain of approximately $251 million from selling shares of Albertsons Companies (NYSE: ACI). This gain will be distributed to shareholders of record as part of their taxable income, with each receiving a federal tax credit corresponding to the income tax paid by Kimco. Detailed information is available on the company's investor relations website.
Kimco Realty (NYSE: KIM) announced a reorganization into an Umbrella Partnership Real Estate Investment Trust (UPREIT) structure, with a new holding company named "New Kimco". This transition aims to enhance the company's competitive edge in acquiring real estate through tax-deferred opportunities. The Reorganization is expected to be effective January 1, 2023, and will not materially impact shareholders, financial positions, or debt securities. All existing shares will convert automatically to the new structure, thus retaining dividend payments. The Merger is anticipated to qualify as a tax-free reorganization under federal tax laws.
Kimco Realty (NYSE: KIM) will announce its fourth quarter 2022 earnings on February 9, 2023, before market open. A conference call will be held at 8:30 AM ET on the same day, accessible via a live webcast. Kimco Realty is North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, focusing on necessity-based goods. As of September 30, 2022, it owned interests in 526 shopping centers and mixed-use assets comprising 91 million square feet of gross leasable space.
Kimco Realty (NYSE: KIM) has acquired a portfolio of eight Long Island shopping centers for $375.8 million. The deal, funded by cash and mortgage debt, enhances Kimco's presence in a high-demand market. This property, with a 94.4% lease rate and an average household income of $187,000, is strategically located near the company's headquarters. The acquisition aligns with Kimco's goal of increasing grocery-anchored rental income and adds 540,000 square feet to their portfolio, now totaling over 3.5 million square feet in Long Island.
Kimco Realty reported its third-quarter results for 2022, revealing a significant 28.1% increase in funds from operations (FFO) to $0.41 per diluted share despite a drop in net income to $51.6 million or $0.08 per diluted share due to a $532.6 million mark-to-market reduction in securities, including Albertsons stock. Portfolio occupancy improved to 95.3%, and the company declared a cash dividend of $0.23, marking a 4.5% increase. Kimco revised its full-year guidance, raising net income and FFO outlooks. The company also executed significant transactions, enhancing its liquidity position.
Kimco Realty recently announced a strategic move by partially selling its stake in Albertsons following the Kroger-Albertsons merger announcement. The transaction implied a 37% valuation increase for Kimco's holdings in Albertsons, valued at
Kimco Realty (NYSE: KIM) will present at the BofA Securities 2022 Global Real Estate Conference on September 14, 2022, from 2:55 PM to 3:30 PM ET. The presentation will be available via a live webcast, with a replay accessible for 24 hours post-event until December 13, 2022. Kimco Realty is a leading real estate investment trust focused on grocery-anchored shopping centers across North America. As of June 30, 2022, it owned interests in 533 shopping centers and mixed-use assets totaling 92 million square feet of gross leasable space.
Kimco Realty (NYSE: KIM) will announce its Q3 2022 earnings on October 27, 2022, before market open. A live earnings conference call is scheduled for 8:30 AM ET on the same day, accessible via webcast. Kimco Realty, headquartered in Jericho, N.Y., is a leading real estate investment trust focused on open-air, grocery-anchored shopping centers.
As of June 30, 2022, the company owned interests in 533 shopping centers, totaling 92 million square feet of gross leasable space.
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