Kimco Realty Cp Stock Price, News & Analysis

Kimco Realty (NYSE: KIM) has priced a public offering of $650 million in 4.600% notes due February 1, 2033, with an effective yield of 4.670%. The offering is set to settle on August 24, 2022. Funds from this offering will be used to redeem 3.50% and 3.125% notes maturing in 2023, with any excess allocated for general corporate purposes, including potential investments and redevelopment initiatives.

Kimco Realty (NYSE: KIM) announced it will redeem $299.67 million of its 3.50% Notes due 2023 and $313.925 million of its 3.125% Senior Notes 2023 on September 9, 2022. The redemption will incur a prepayment charge of approximately $0.4 million, affecting net income and funds from operations in Q3 2022. Notices will be sent to current noteholders on August 10, 2022. Kimco, a leading REIT, owns interests in 533 shopping centers, totaling 92 million square feet as of June 30, 2022, focusing on essential retail in prime markets.

Kimco Realty (NYSE: KIM) announced the redemption of $288.402 million of its 3.375% Senior Notes due October 15, 2022, on September 7, 2022. The redemption price is equal to par plus accrued interest of $16.125 for each $1,000 principal amount. Notifications will be sent to record holders on August 8, 2022, and questions can be directed to The Bank of New York Mellon, the paying agent. Kimco Realty is a leading REIT focused on grocery-anchored shopping centers, managing 533 properties with 92 million square feet as of June 30, 2022.

Kimco Realty (NYSE: KIM) reported solid second-quarter results for 2022, highlighting a 17.6% increase in Funds From Operations (FFO) to $0.40 per diluted share. Despite a net loss of ($125.8 million) or ($0.21) per share, occupancy rose to 95.1%, driven by a strong demand for grocery-anchored spaces. The board declared a 29% increase in dividends, now at $0.22 per share. Kimco revised its full-year guidance for net income down to $0.48 to $0.52 per share but raised FFO projections to $1.54 to $1.57.

Kimco Realty (NYSE: KIM) announced the release of its 2021 Corporate Responsibility Report. This report highlights the company's advancements in environmental, social, and governance (ESG) aspects, including the integration of ESG goals into executive compensation, a perfect score in LGBTQ+ workplace equality, and the successful merger with Weingarten Realty Investors. Kimco has committed to enhancing its ESG initiatives and expanding its community engagement efforts.

Kimco Realty (NYSE: KIM) will participate in the Nareit’s REITweek: 2022 Investor Conference on June 8, 2022, at 12:30 PM ET in New York. The event will include a company overview and a Q&A session. Investors can access a live webcast here. Audio will be available on the investor relations website until July 7, 2022.

Kimco Realty (NYSE: KIM) will announce its Q2 2022 earnings on July 28, 2022, before market open. A conference call will occur at 8:30 AM ET on the same day and will be available via webcast. Kimco, a major player in the real estate investment trust sector, specializes in grocery-anchored shopping centers and has a portfolio covering 93 million square feet of leasable space as of March 31, 2022. The company is committed to ESG principles and has been publicly traded since 1991, included in the S&P 500 Index.

Kimco Realty (NYSE: KIM) reported strong first-quarter 2022 results, with net income of $230.9 million ($0.37 per diluted share), up 23% year-over-year. Funds From Operations (FFO) increased 18.2% to $240.6 million ($0.39 per diluted share). The company leased 4.7 million square feet, raising portfolio occupancy to 94.7%. A 5.3% increase in the quarterly cash dividend to $0.20 per share was announced, reflecting confidence in financial performance. The company also raised its full-year guidance for net income and FFO, signaling optimism amid robust tenant demand.

Kimco Realty (NYSE: KIM) has announced a quarterly cash dividend of $0.20 per common share, marking a 5.3% increase from the previous dividend. This dividend will be payable on June 23, 2022, to shareholders of record as of June 9, 2022. Additionally, dividends on the company's 5.125% Class L and 5.25% Class M preferred shares will be distributed on July 15, 2022, to shareholders of record on July 1, 2022.