Kimco Realty Corporation Announces 2024 Dividend Tax Treatment
Kimco Realty (NYSE: KIM), a leading owner of grocery-anchored shopping centers, has announced its 2024 dividend tax treatment. The company distributed total common stock dividends of $0.97 per share throughout 2024, with quarterly payments of $0.24 for the first three quarters and $0.25 for the fourth quarter.
The tax treatment breakdown shows 66.72% as qualified ordinary income, 0.95% as non-qualified ordinary income, and 32.33% as capital gains. Notably, Kimco recognized approximately $325 million in long-term capital gains in 2024, including gains from selling its remaining Albertsons Companies shares. The company retained these capital gains for corporate purposes and will pay the associated taxes.
As of December 31, 2024, Kimco owned interests in 568 U.S. shopping centers and mixed-use assets, comprising 101 million square feet of gross leasable space.
Kimco Realty (NYSE: KIM), un importante proprietario di centri commerciali ancorati a negozi di alimentari, ha annunciato il trattamento fiscale dei dividendi per il 2024. L'azienda ha distribuito dividendi totali in azioni ordinarie di $0,97 per azione durante il 2024, con pagamenti trimestrali di $0,24 per i primi tre trimestri e $0,25 per il quarto trimestre.
La suddivisione del trattamento fiscale mostra il 66,72% come reddito ordinario qualificato, lo 0,95% come reddito ordinario non qualificato e il 32,33% come guadagni di capitale. È interessante notare che Kimco ha riconosciuto circa $325 milioni in guadagni di capitale a lungo termine nel 2024, inclusi i guadagni dalla vendita delle sue rimanenti azioni di Albertsons Companies. L'azienda ha trattenuto questi guadagni di capitale per scopi aziendali e pagherà le tasse associate.
Al 31 dicembre 2024, Kimco possedeva interessi in 568 centri commerciali e beni a uso misto negli Stati Uniti, che comprendevano 101 milioni di piedi quadrati di spazio locabile lordo.
Kimco Realty (NYSE: KIM), un importante propietario de centros comerciales anclados a supermercados, ha anunciado el tratamiento fiscal de los dividendos para 2024. La compañía distribuyó dividendos totales de acciones ordinarias de $0.97 por acción a lo largo de 2024, con pagos trimestrales de $0.24 para los primeros tres trimestres y $0.25 para el cuarto trimestre.
El desglose del tratamiento fiscal muestra que el 66.72% se considera ingreso ordinario calificado, el 0.95% como ingreso ordinario no calificado y el 32.33% como ganancias de capital. Cabe destacar que Kimco reconoció aproximadamente $325 millones en ganancias de capital a largo plazo en 2024, incluyendo ganancias de la venta de sus acciones restantes de Albertsons Companies. La empresa retuvo estas ganancias de capital para fines corporativos y pagará los impuestos asociados.
Hasta el 31 de diciembre de 2024, Kimco poseía intereses en 568 centros comerciales y activos de uso mixto en EE.UU., que comprenden 101 millones de pies cuadrados de espacio arrendable bruto.
김코 리얼티(KYSE: KIM), 식료품점이 있는 쇼핑 센터의 주요 소유자는 2024년 배당금 세금 처리 방법을 발표했습니다. 이 회사는 2024년 동안 주당 $0.97의 총 보통주 배당금을 배분했으며, 첫 세 분기에는 분기별 $0.24, 네 번째 분기에는 $0.25를 지급했습니다.
세금 처리 분해에 따르면 66.72%가 적격 일반 소득으로, 0.95%가 비적격 일반 소득, 32.33%가 자본 이득으로 나타났습니다. 특히 김코는 2024년에 장기 자본 이득으로 약 3억 2500만 달러를 인식했으며, 이는 남아 있는 Albertsons Companies 주식의 판매에서 발생한 이익을 포함합니다. 이 회사는 이러한 자본 이득을 기업 목적을 위해 보유했으며 관련 세금을 납부할 것입니다.
2024년 12월 31일 현재, 김코는 미국 내 568개의 쇼핑 센터 및 혼합 사용 자산에 대한 지분을 소유하고 있으며, 총 임대 가능한 면적은 101백만 평방 피트에 달합니다.
Kimco Realty (NYSE: KIM), un acteur majeur de la propriété de centres commerciaux ancrés dans des supermarchés, a annoncé le traitement fiscal de ses dividendes pour 2024. L'entreprise a distribué un total de 0,97 $ par action en dividendes d'actions ordinaires tout au long de 2024, avec des paiements trimestriels de 0,24 $ pour les trois premiers trimestres et de 0,25 $ pour le quatrième trimestre.
La répartition du traitement fiscal indique que 66,72 % est considéré comme revenu ordinaire qualifié, 0,95 % comme revenu ordinaire non qualifié et 32,33 % comme plus-values. Notamment, Kimco a reconnu environ 325 millions de dollars en plus-values à long terme en 2024, y compris les gains réalisés lors de la vente de ses actions restantes d'Albertsons Companies. L'entreprise a retenu ces plus-values à des fins d'entreprise et règlera les impôts associés.
Au 31 décembre 2024, Kimco détenait des intérêts dans 568 centres commerciaux et actifs à usage mixte aux États-Unis, totalisant 101 millions de pieds carrés d'espace locatif brut.
Kimco Realty (NYSE: KIM), ein führender Eigentümer von shoppingzentren, die an Lebensmittelgeschäfte gebunden sind, hat die steuerliche Behandlung der Dividenden für 2024 bekannt gegeben. Das Unternehmen hat im Jahr 2024 insgesamt 0,97 $ pro Aktie an Dividenden für Stammaktien ausgeschüttet, mit vierteljährlichen Zahlungen von 0,24 $ für die ersten drei Quartale und 0,25 $ für das vierte Quartal.
Die steuerliche Behandlung zeigt, dass 66,72 % als qualifiziertes ordinaries Einkommen, 0,95 % als nicht qualifiziertes ordinaries Einkommen und 32,33 % als Kapitalgewinne gelten. Bemerkenswert ist, dass Kimco im Jahr 2024 rund 325 Millionen $ an langfristigen Kapitalgewinnen realisiert hat, einschließlich der Gewinne aus dem Verkauf der verbleibenden Albertsons Companies Aktien. Das Unternehmen hat diese Kapitalgewinne für Unternehmenszwecke einbehalten und wird die entsprechenden Steuern zahlen.
Zum 31. Dezember 2024 besaß Kimco Anteile an 568 US-Einkaufszentren und gemischt genutzten Immobilien, die insgesamt 101 Millionen Quadratfuß vermietbare Fläche umfassten.
- Increased Q4 2024 dividend to $0.25 per share from $0.24 in previous quarters
- Recognition of $325 million in long-term capital gains
- Strong portfolio of 568 properties with 101 million square feet of leasable space
- Inclusion in S&P 500 Index
- Company will retain capital gains instead of distributing to shareholders
- Additional tax burden for the company from retained capital gains
JERICHO, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, announced today the 2024 tax treatment of its common stock and preferred stock dividend distributions. The allocations as they will be reported on Form 1099-DIV are as follows:
| Common Shares (CUSIP # 49446R-10-9) | ||||||||||||
| Ex- | Ordinary Income | Capital Gains | ||||||||||
| Dividend | Record | Payable | Distribution | Non- | Unrecaptured | Return of | Sec 199A | |||||
| Date | Date | Date | per Share | Total | Qualified | Qualified | Total | Sec 1250 | Capital | Dividends | ||
| 03/07/2024 | 03/07/2024 | 03/21/2024 | ||||||||||
| 06/06/2024 | 06/06/2024 | 06/20/2024 | ||||||||||
| 09/05/2024 | 09/05/2024 | 09/19/2024 | ||||||||||
| 12/05/2024 | 12/05/2024 | 12/19/2024 | ||||||||||
| Totals | ||||||||||||
| 100% | ||||||||||||
| Preferred Series L (CUSIP # 49446R-73-7) | ||||||||||||
| Ex- | Ordinary Income | Capital Gains | ||||||||||
| Dividend | Record | Payable | Distribution | Non- | Unrecaptured | Sec 199A | ||||||
| Date | Date | Date | per Share | Total | Qualified | Qualified | Total | Sec 1250 | Dividends | |||
| 1/2/2024 | 01/02/2024 | 01/16/2024 | ||||||||||
| 4/1/2024 | 04/01/2024 | 04/15/2024 | ||||||||||
| 7/1/2024 | 07/01/2024 | 07/15/2024 | ||||||||||
| 10/1/2024 | 10/01/2024 | 10/15/2024 | ||||||||||
| Totals | ||||||||||||
| 100% | ||||||||||||
| Preferred Series M (CUSIP # 49446R-71-1) | ||||||||||||
| Ex- | Ordinary Income | Capital Gains | ||||||||||
| Dividend | Record | Payable | Distribution | Non- | Unrecaptured | Sec 199A | ||||||
| Date | Date | Date | per Share | Total | Qualified | Qualified | Total | Sec 1250 | Dividends | |||
| 1/2/2024 | 01/02/2024 | 01/16/2024 | ||||||||||
| 4/1/2024 | 04/01/2024 | 04/15/2024 | ||||||||||
| 7/1/2024 | 07/01/2024 | 07/15/2024 | ||||||||||
| 10/1/2024 | 10/01/2024 | 10/15/2024 | ||||||||||
| Totals | ||||||||||||
| 100% | ||||||||||||
| Preferred Series N (CUSIP # 49446R-67-9 ) | ||||||||||||
| Ex- | Ordinary Income | Capital Gains | ||||||||||
| Dividend | Record | Payable | Distribution | Non- | Unrecaptured | Sec 199A | ||||||
| Date | Date | Date | per Share | Total | Qualified | Qualified | Total | Sec 1250 | Dividends | |||
| 1/5/2024 | 01/05/2024 | 01/16/2024 | ||||||||||
| 4/1/2024 | 04/01/2024 | 04/15/2024 | ||||||||||
| 7/1/2024 | 07/01/2024 | 07/15/2024 | ||||||||||
| 10/1/2024 | 10/01/2024 | 10/15/2024 | ||||||||||
| Totals | ||||||||||||
| 100% | ||||||||||||
| Preferred Series N (CUSIP # 49446R-67-9 )- Additional dividend for tendered units only | ||||||||||||
| Ex- | Ordinary Income | Capital Gains | ||||||||||
| Dividend | Record | Payable | Distribution | Non- | Unrecaptured | Sec 199A | ||||||
| Date | Date | Date | per Share | Total | Qualified | Qualified | Total | Sec 1250 | Dividends | |||
| 12/13/2024 | ||||||||||||
| 100% | ||||||||||||
Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains
During 2024, Kimco recognized long-term capital gains of approximately
Correspondingly, each shareholder is entitled to a federal tax credit for its share of the federal income tax paid by the company. Form 2439 is in addition to the information reported on Form 1099-DIV. Additional details can be found in a set of FAQs available on the company’s website at: https://investors.kimcorealty.com/2024_Undistributed_Cap_Gain_FAQ.
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The Company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high- barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the Company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 60 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of December 31, 2024, the Company owned interests in 568 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty), Twitter (www.twitter.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “commit,” “anticipate,” “estimate,” “project,” “will,” “target,” “plan,” “forecast” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company’s control and could materially affect actual results, performances or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the impact of competition, including the availability of acquisition or development opportunities and the costs associated with purchasing and maintaining assets, (iii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iv) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (v) the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience, (vi) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing in accordance with our expectations, (vii) the Company’s ability to raise capital by selling its assets, (viii) disruptions and increases in operating costs due to inflation and supply chain disruptions, (ix) risks associated with the development of mixed-use commercial properties, including risks associated with the development, and ownership of non-retail real estate, (x) changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management’s ability to estimate the impact of such changes, (xi) the Company’s failure to realize the expected benefits of the merger with RPT Realty (the “RPT Merger”), (xii) the risk of litigation, including shareholder litigation, in connection with the RPT Merger, including any resulting expense, (xiii) risks related to future opportunities and plans for the combined Company, including the uncertainty of expected future financial performance and results of the combined Company, (xiv) the possibility that, if the Company does not achieve the perceived benefits of the RPT Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company’s common stock could decline, (xv) valuation and risks related to the Company’s joint venture and preferred equity investments and other investments, (xvi) collectability of mortgage and other financing receivables, (xvii) impairment charges, (xviii) criminal cybersecurity attacks, disruption, data loss or other security incidents and breaches, (xix) risks related to artificial intelligence, (xx) impact of natural disasters and weather and climate-related events, (xxi) pandemics or other health crises, (xxii) our ability to attract, retain and motivate key personnel, (xxiii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xxiv) the level and volatility of interest rates and management’s ability to estimate the impact thereof, (xxv) changes in the dividend policy for the Company’s common and preferred stock and the Company’s ability to pay dividends at current levels, (xxvi) unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity, (xxvii) the Company’s ability to continue to maintain its status as a REIT for U.S. federal income tax purposes and potential risks and uncertainties in connection with its UPREIT structure, and (xxviii) other risks and uncertainties identified under Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023. Accordingly, there is no assurance that the Company’s expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes in other filings with the SEC.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343
dbujnicki@kimcorealty.com
FAQ
What is Kimco Realty's (KIM) total dividend distribution for 2024?
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What was the amount of long-term capital gains KIM recognized in 2024?
Did KIM increase its dividend payment in 2024?
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