Kimco Realty Corp. - KIM STOCK NEWS

Kimco Realty acquires Stonebridge at Potomac Town Center in Woodbridge, Virginia for $172.5 million.

Kimco Realty announces the publication of its third Green Bond Report, highlighting the use of net proceeds and environmental impact. Over 75% of the $493.7 million in net proceeds from the green bond issuance has been allocated to finance Eligible Green Projects, including renewable energy and green buildings. The company used green bond proceeds for the acquisition of a 988.8 kW Solar Renewable Energy Project, estimated to produce 1.2 Gigawatt hours of renewable energy annually. The acquisition of LEED Silver certified projects and ENERGY STAR Certified tenant spaces was also funded. Energy efficiency projects resulted in an estimated total GHG savings of 7,500 MTCO2e, and sustainable water and wastewater management projects achieved an estimated average water efficiency gain of over 35%.

Kimco Realty (NYSE: KIM) Reports Strong Q2 Results, Monetizes Albertsons Investment, and Declares Dividends. The company demonstrates robust demand, strong absorption opportunities, and expands liquidity through the ongoing monetization of Albertsons investment. The board expects to announce a special dividend to shareholders by year-end and updates its 2023 outlook. The financial results include net income available to common shareholders of $0.16 per diluted share, FFO of $0.39 per diluted share, and a 2.3% growth in Same-Property NOI. Kimco Realty also executed 485 leases totaling 2.7 million square feet and published its 10th annual Corporate Responsibility Report detailing ESG performance.

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 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.