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 Corp. (NYSE: KIM) is a U.S. real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. The company’s news flow provides insight into its property operations, capital allocation, and balance sheet strategy, which are central topics for investors following KIM stock news and developments in the shopping center REIT space.
Regular earnings releases and related conference calls highlight Kimco’s results for key metrics such as net income, funds from operations (FFO), occupancy levels, leasing spreads, and same property net operating income (NOI). These updates often include details on leasing activity, small shop and anchor occupancy, and the spread between leased and economic occupancy, which indicates signed leases that have not yet commenced.
Kimco’s news also covers development and redevelopment projects, including mixed-use and multi-family components at select centers, as well as transactions such as acquisitions, dispositions, and structured investments tied to shopping center assets. Announcements about tenants at Kimco-owned properties, such as new experiential concepts or national retailers opening at centers like Dania Pointe or El Camino Promenade, illustrate how the portfolio is being curated and repositioned over time.
Capital markets and balance sheet updates are another recurring theme, including senior unsecured note issuances, credit facility information, and share repurchase activity. The company has also reported on at-the-market equity offering programs and forward sale agreements, which provide flexibility in raising equity capital. Rating agency actions, such as A-level credit ratings from major agencies, appear in Kimco’s press releases along with the rationales those agencies provide.
This news page aggregates such disclosures, giving readers a centralized view of Kimco Realty’s operational performance, portfolio evolution, and financing activities as reported through its press releases and related announcements.
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Kimco Realty, North America's largest publicly traded owner of open-air, grocery-anchored shopping centers, reported Q1 2023 results, showing a significant increase in net income and strong leasing performance. For the first quarter, net income available to common shareholders was $283.5 million, or $0.46 per diluted share, up from $230.9 million or $0.37 per diluted share a year earlier. Funds From Operations (FFO) were $238.1 million, yielding $0.39 per diluted share. The company leased 4.5 million square feet, an increase in occupancy to 95.8%, and achieved a remarkable 44.0% increase in cash rent spreads for new leases. Kimco received a $194.1 million special dividend from Albertsons and sold shares for $282.3 million total proceeds. The board declared a cash dividend of $0.23 per share, marking a 15% increase over the previous year. The full-year outlook for net income is revised to $0.92-$0.96 per diluted share.
Kimco Realty (NYSE: KIM) is set to announce its first quarter 2023 earnings on April 27, 2023, prior to market opening. A conference call will follow at 8:30 AM ET that day, available via webcast. Kimco Realty, based in location value="LU/us.ny.jercho"Jericho, N.Y., is the largest publicly traded owner and operator of open-air, grocery-anchored shopping centers in North America. The company owned interests in 532 shopping centers and mixed-use assets, totaling 91 million square feet as of December 31, 2022. It is also recognized for leadership in environmental, social, and governance (ESG) issues.
Kimco Realty (NYSE: KIM) announced its management presentation at the Citi 2023 Global Property CEO Conference on March 6, 2023, from 8:35 AM to 9:10 AM ET. The live webcast can be accessed here, and a replay will be available for one year. Kimco Realty, headquartered in Jericho, NY, is a leading real estate investment trust focused on grocery-anchored shopping centers and mixed-use assets, with ownership of 532 properties and 91 million square feet of leasable space as of December 31, 2022. The company emphasizes environmental, social, and governance leadership.
Kimco Realty Corp. (NYSE: KIM) announced the closing of a new $2.0 billion unsecured revolving credit facility, replacing its previous facility of the same amount. The oversubscribed facility, with commitments totaling $3.3 billion, is expandable to $2.75 billion and matures on March 17, 2027, with possible extensions. This new credit facility underscores Kimco’s strong balance sheet, demonstrating robust demand and favorable terms. The interest rates are linked to Kimco’s senior debt ratings and include sustainability-linked adjustments. This financial maneuver aims to enhance shareholder value and support the company's long-term strategic goals.
Kimco Realty (NYSE: KIM) announced strong performance for Q4 and full year 2022, reporting a year-over-year occupancy increase of 130 basis points to 95.7%, with 2.5 million square feet leased in Q4 and 11.6 million for the year. Despite a net loss of $56.1 million in Q4, the company achieved FFO of $0.38 per diluted share. Key financial highlights include a $301.1 million gain from selling ACI shares and a declared quarterly dividend of $0.23, a 21% increase over last year. Looking ahead, Kimco projects 2023 net income between $0.93 and $0.97 per share, with FFO expected between $1.53 and $1.57 per share.
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.