Welcome to our dedicated page for Kimco Realty news (Ticker: KIM), a resource for investors and traders seeking the latest updates and insights on Kimco Realty stock.
Kimco Realty Corp. (symbol: KIM) is one of the oldest real estate investment trusts (REITs) in the United States, specializing in the ownership and management of shopping centers. With interests in 523 shopping centers across major markets in the U.S., Kimco controls roughly 77 million square feet of leasable space. The company's portfolio is strategically located in densely populated areas, ensuring high foot traffic and sustained demand for retail spaces.
Kimco Realty focuses on creating value through strategic property acquisitions, proactive leasing efforts, and continuous asset management. The REIT is committed to sustainability, integrating eco-friendly practices across its operations. Recent achievements include significant leasing milestones and renovations that enhance the shopping experience for customers and increase the attractiveness of its properties for tenants.
Financially, Kimco Realty maintains a robust balance sheet, demonstrating resilience and adaptability, even amidst economic fluctuations. The company's strategic partnerships and joint ventures further amplify its market presence and operational efficiency. Kimco's diverse tenant base from various retail sectors, including groceries, fashion, and essential services, provides a stable revenue stream, reducing the risks associated with market volatility.
In addition to its primary business of shopping centers, Kimco Realty is investing in mixed-use development projects that incorporate residential, office, and retail spaces. These projects aim to create vibrant, community-centric environments that cater to the evolving preferences of modern consumers and businesses.
Kimco Realty Corp. (NYSE: KIM) reported strong fourth-quarter results for 2020, achieving a net income of $194.9 million, or $0.45 per diluted share. The company collected 92% of pro-rata base rents in Q4 and 91% in January 2021. Portfolio occupancy stood at 93.9%, with 92 new leases signed for 406,000 square feet, marking an 18% increase year-over-year. Despite a decrease in Net Operating Income of 10.5% due to uncollectible accounts, Kimco ended with $2.3 billion in liquidity and a solid outlook for 2021, forecasting net income per share between $0.46 and $0.52.
Kimco Realty Corp. (NYSE: KIM) announced a quarterly dividend for its 5.125% Class L and 5.25% Class M preferred stock, to be paid on April 15, 2021, to shareholders of record by April 1, 2021. With over 400 shopping centers and mixed-use assets under management, Kimco operates in major metropolitan areas, emphasizing its strength in grocery-anchored venues. As of September 30, 2020, it managed approximately 70 million square feet of leasable space. This dividend declaration highlights the company's commitment to providing income to its investors.
Kimco Realty Corp. (NYSE: KIM) has announced its 2020 dividend allocations for common and preferred stocks. The total dividend per common share is $0.820, consisting of ordinary income and capital gains distributions. For preferred Series L and M, the total dividends are $1.281240 and $1.312500, respectively. Key dates include record dates on 12/31/2019, payable dates from January to October 2020, and a sustainable yield indicated across distributions. Investors can find more information on the company’s website.
Kimco Realty Corp. (NYSE: KIM) has launched its Tenant Assistance Program (TAP) to aid small business tenants in accessing funds from the recently approved $284 billion Paycheck Protection Program (PPP). The program offers two assistance options: an online application through BlueVine, which previously facilitated nearly $4.5 billion in loans, and personalized support from Asset Enhancement Solutions for application materials and eligibility assessment. CEO Conor Flynn emphasized the priority of supporting tenants amid ongoing funding needs.
Kimco Realty Corp. (NYSE: KIM) has appointed Henry Moniz to its Board of Directors, increasing the board size to nine members. Moniz, currently the Executive Vice President and Chief Compliance Officer at ViacomCBS, brings expertise in governance, compliance, and risk management. His term begins immediately, and both Executive Chairman Milton Cooper and CEO Conor Flynn express confidence that Moniz's skills will enhance Kimco's strategic direction and operational efficiency. Kimco Realty is a leading owner and operator of grocery-anchored shopping centers in North America.
Kimco Realty Corp. (NYSE: KIM) will report its fourth quarter 2020 earnings on February 11, 2021, before market open. A live conference call is scheduled for 8:30 AM ET the same day. The company, headquartered in Jericho, N.Y., owns interests in 400 shopping centers and mixed-use assets across North America, totaling 70 million square feet of gross leasable space. For additional details, visit the Kimco Investor Relations website.
Kimco Realty Corp. (NYSE: KIM) has declared a quarterly cash dividend of $0.16 per common share, payable on December 23, 2020, to shareholders of record as of December 9, 2020. In 2020, total cash dividends reached $0.66 per share. The company aims to establish a sustainable dividend level based on its adjusted funds from operations and taxable income for 2021. Kimco, a leading owner and operator of open-air, grocery-anchored shopping centers, owns interests in 400 centers and has 70 million square feet of gross leasable space.
Kimco Realty Corp. (NYSE: KIM) has been newly included in the Dow Jones Sustainability World Index, marking it as the only North American retail real estate owner listed. This index represents the top 10% of over 2,500 S&P Global companies based on environmental, social, and governance (ESG) factors. Kimco also retains its position on the DJSI North America Index for the sixth consecutive year. The company credits improvements in resource efficiency, reduced greenhouse gas emissions, and enhanced transparency for its recognition, solidifying its commitment to sustainability.
Kimco Realty Corp. (NYSE:KIM) will participate in Nareit’s REITworld: 2020 Virtual Investor Conference on November 17, 2020, from 8:45 A.M. to 9:15 A.M. ET. The management team will present an overview of the company, followed by a Q&A session. Interested attendees can register for the conference at no cost. In addition, audio from the conference will be available until February 26, 2021. Kimco operates over 400 shopping centers across the U.S., focusing on grocery-anchored and mixed-use properties.
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