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.
Kimco Realty reported Q4 2021 results with net income of $75.3 million, or $0.13 per diluted share, down from $194.9 million or $0.45 in Q4 2020. Funds From Operations (FFO) increased to $240.1 million, $0.39 per diluted share. Portfolio occupancy rose to 94.4%, with new leasing spreads at 14.1%. The board raised the quarterly dividend by 11.8% to $0.19 per share. Full-year net income was $818.6 million, or $1.60 per diluted share. Kimco significantly invested in Albertsons Companies (ACI), valued at over $1.2 billion. The company forecasts 2022 net income of $0.51 to $0.55 per share.
Kimco Realty has announced an 11.8% increase in its quarterly cash dividend, now set at $0.19 per common share. This dividend, payable on March 24, 2022, is for shareholders on record as of March 10, 2022. Additionally, dividends on the company's preferred stock will be disbursed on April 15, 2022. As of December 31, 2021, Kimco owned interests in 541 shopping centers and mixed-use assets, totaling 93 million square feet. This increase reflects confidence in the company’s projected REIT taxable income.
Kimco Realty (NYSE: KIM) has announced its dividend distributions for 2021, allocating $0.680000 per share for common stock and $1.281240 for preferred stock. The dividends are to be recorded on Form 1099-DIV, with common distributions occurring quarterly, and preferred distributions made quarterly. The dividend payments are indicative of the company’s ongoing commitment to returning income to shareholders. Kimco is recognized as an industry leader in environmental, social, and governance (ESG) issues, operating a portfolio of 545 shopping centers across the U.S. as of September 30, 2021.
Kimco Realty (NYSE: KIM) announced allocations for Weingarten Realty Investors’ 2021 dividend distributions, detailed in Form 1099-DIV. Key dates include the ex-dividend date on March 8, payable date on March 9, and record date on March 16, reflecting a total dividend distribution of $1.220 per share. The distribution components include ordinary income and capital gains with a focus on essential goods and services at their shopping centers, strategically positioned in major markets.
Kimco Realty Corp. (NYSE: KIM) will release its fourth quarter 2021 earnings on February 10, 2022, prior to market open. The earnings conference call will be held at 8:30 AM ET on the same day and will be available via webcast. Kimco, a leader in grocery-anchored shopping center ownership, manages a portfolio of 545 U.S. shopping centers comprising 94 million square feet of gross leasable space. The company focuses on essential goods and is committed to ESG leadership. Audio replay will be accessible until May 10, 2022.
Kimco Realty Corp. (NYSE: KIM) reported strong Q3 2021 results, achieving a net income of $501.4 million ($0.91 per diluted share), a significant turnaround from a net loss of $44.7 million in Q3 2020. The company completed its merger with Weingarten Realty on August 3, 2021, which bolstered its grocery-anchored portfolio. FFO was $173.7 million ($0.32 per diluted share), including merger-related charges of $47 million. Kimco raised its 2021 guidance for net income to $1.70-$1.72 and NAREIT FFO to $1.36-$1.37.
Kimco Realty Corp. (NYSE: KIM) has acquired a 70% interest in a portfolio of six Publix-anchored shopping centers for $425.8 million. This acquisition, from Jamestown, enhances Kimco's stake in a portfolio that includes properties in South Florida and Atlanta, totaling over 1.2 million square feet. Kimco has partnered with Blackstone Real Estate Income Trust, owning 50% of the new joint venture. The CEO highlighted the strategy's efficiency following Kimco's recent merger with Weingarten Realty, allowing for quick capitalizing on high-quality assets.
Kimco Realty Corp. (NYSE: KIM) announced a quarterly cash dividend of $0.17 per share, payable on December 23, 2021, to shareholders of record on December 9, 2021. Additionally, dividends for the company's 5.125% Class L and 5.25% Class M preferred stock will be paid on January 17, 2022, to shareholders of record by January 3, 2022. Kimco is recognized as North America’s leading owner of open-air, grocery-anchored shopping centers, with a portfolio of 545 assets totaling 94 million square feet as of September 30, 2021.
Kimco Realty Corp. (NYSE: KIM) will present its management at the Bank of America Securities 2021 Global Real Estate Conference on September 21, 2021, from 12:00 P.M. to 12:35 P.M. ET. Investors can access the live webcast here. If missed, the audio will be available until December 22, 2021. Kimco, a leading REIT, owns and operates grocery-anchored shopping centers across major U.S. markets.
Kimco Realty Corp. (NYSE: KIM) has priced a public offering of $500 million aggregate principal amount of 2.250% notes due December 1, 2031, with an effective yield of 2.301%. The offering is expected to settle on September 22, 2021, pending customary closing conditions. Net proceeds will be utilized for general corporate purposes, including repaying borrowings and funding acquisition opportunities. A consortium led by BofA Securities is managing the offering, which is conducted under an effective shelf registration statement.