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 (NYSE: KIM), a leading owner of open-air, grocery-anchored shopping centers, provides investors with critical updates through this centralized news hub. Track the REIT's latest developments including earnings announcements, strategic acquisitions, tenant partnerships, and property enhancements across its national portfolio.
This resource offers stakeholders timely access to press releases and market-moving updates while maintaining focus on Kimco's core strengths: stable retail anchors, diversified tenant mix, and disciplined capital allocation. Key coverage areas include lease renewals, sustainability initiatives, and financial performance metrics relevant to commercial real estate investors.
All content undergoes rigorous verification to ensure accuracy and compliance with financial disclosure standards. Bookmark this page for efficient monitoring of Kimco's operational milestones and industry positioning within the evolving retail property sector.
Kimco Realty® (NYSE: KIM), a leading REIT, has announced the full allocation of its $500 million green bond issued in July 2020. The $493.7 million in net proceeds were used to finance Eligible Green Projects, including:
1. Renewable Energy: A 988.8 kW solar project in New York, producing 1.2 GWh annually and saving 678 MTCO2e.
2. Green Buildings: LEED Silver certified projects and 19 ENERGY STAR Certified tenant spaces.
3. Energy Efficiency: Projects at 129 properties, saving an estimated 7,500 MTCO2e.
4. Sustainable Water Management: Projects at 46 properties, with an average 35% water efficiency gain.
This achievement demonstrates Kimco's commitment to sustainable growth and prudent financial management, enhancing asset value and delivering long-term benefits to investors and communities.
Kimco Realty (NYSE: KIM), a leading REIT, announced its Q2 2024 results, showcasing robust growth in net income and FFO. Net income per diluted share rose to $0.17, a 6.3% YoY increase. FFO grew 5.1% to $0.41 per diluted share. Key metrics include a 3.0% rise in Same Property NOI and a record high of 91.7% in small shop occupancy. The company signed 482 leases totaling 2.3 million sq ft, with a 26.3% increase in new lease cash rent spreads. Kimco invested $168 million in structured investment programs and raised its 2024 outlook for net income and FFO per diluted share. The REIT ended the quarter with $1.8 billion available on its unsecured revolving credit facility and over $125 million in cash.
Kimco Realty® (NYSE: KIM), a leading REIT specializing in open-air, grocery-anchored shopping centers, has upsized its unsecured term loan to $500 million from the previous $200 million. The amendment includes four additional banks, with unchanged terms from the January 2, 2024 agreement. Kimco has entered into interest rate swap agreements, fixing the rate on the incremental term loans to a blended rate of 4.78%. The proceeds will be used for general corporate purposes, including reducing outstanding borrowings under the company's unsecured revolving credit facility. This move strengthens Kimco's balance sheet and liquidity position, enabling continued opportunistic investments and long-term value creation for stakeholders.
On June 27, 2024, Kimco Realty (NYSE: KIM) released its 2023 Corporate Responsibility Report, highlighting significant achievements in environmental, social, and governance (ESG) aspects. Key milestones include progress toward net zero Scope 1 and 2 GHG emissions, a second consecutive Retail Leader in the Light Award from Nareit, and top peer ranking by GRESB. Kimco also launched its IREM® Certified Sustainable Properties Volume Program, achieving 19 certifications, and established new Employee Resource Groups and a volunteerism drive. Kimco's 2023 achievements reflect a commitment to intertwining financial performance with sustainability excellence.
On June 25, 2024, Seattle-based retailer Nordstrom announced plans to open a new Nordstrom Rack store in Houston in spring 2025. The new 30,000 square-foot store will be located in the Westchase Shopping Center, which features other major retailers like Whole Foods and Target. This expansion is part of Nordstrom's strategy to offer convenience and interconnected experiences across its physical and digital platforms. The new location will provide services such as online order pickups and easy returns. Additionally, this store joins other upcoming openings in San Antonio and Houston, further expanding Nordstrom's presence in Texas where it already operates 29 stores and employs around 4,000 people statewide. Nordstrom emphasizes its commitment to community investment and has donated over $2 million to Big Brothers Big Sisters of the United States in the past four years.
Kimco Realty (NYSE: KIM) will announce its second quarter 2024 earnings on August 1, 2024, before market open. The company invites stakeholders to join the earnings conference call at 8:30 AM ET on the same day. The call can be accessed via live webcast on their investor relations website, or by dialing 1-888-317-6003 (International: 1-412-317-6061) with the passcode 1566978. Audio will be available online until November 1, 2024.
Kimco Realty is a REIT specializing in grocery-anchored shopping centers and mixed-use properties in major metropolitan markets across the U.S. As of March 31, 2024, Kimco owned interests in 569 shopping centers and mixed-use assets totaling 101 million square feet of gross leasable space. The company has been publicly traded on the NYSE since 1991 and is included in the S&P 500 Index.
Kimco Realty announced that its management team will present at the Nareit REITweek Investor Conference on June 4, 2024. The presentation will be live-streamed from 11:00 AM to 11:30 AM ET, and the audio will be accessible on Kimco's investor relations website until July 5, 2024. The event aims to provide insights into Kimco Realty's strategies and performance.
Kimco Realty reported strong growth and leasing activity in the first quarter of 2024. They successfully acquired RPT Realty, declared a quarterly dividend, and updated their 2024 outlook. Despite a net loss compared to the previous year, they achieved a 3.9% growth in Same Property Net Operating Income and pro-rata portfolio occupancy of 96.0%. The company leased 4.0 million square feet with positive rent spreads and completed a $2.3 billion acquisition of RPT Realty.
