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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 recently announced a strategic move by partially selling its stake in Albertsons following the Kroger-Albertsons merger announcement. The transaction implied a 37% valuation increase for Kimco's holdings in Albertsons, valued at
Kimco Realty (NYSE: KIM) will present at the BofA Securities 2022 Global Real Estate Conference on September 14, 2022, from 2:55 PM to 3:30 PM ET. The presentation will be available via a live webcast, with a replay accessible for 24 hours post-event until December 13, 2022. Kimco Realty is a leading real estate investment trust focused on grocery-anchored shopping centers across North America. As of June 30, 2022, it owned interests in 533 shopping centers and mixed-use assets totaling 92 million square feet of gross leasable space.
Kimco Realty (NYSE: KIM) will announce its Q3 2022 earnings on October 27, 2022, before market open. A live earnings conference call is scheduled for 8:30 AM ET on the same day, accessible via webcast. Kimco Realty, headquartered in Jericho, N.Y., is a leading real estate investment trust focused on open-air, grocery-anchored shopping centers.
As of June 30, 2022, the company owned interests in 533 shopping centers, totaling 92 million square feet of gross leasable space.
Kimco Realty (NYSE: KIM) recently published its second Green Bond Report, revealing that it allocated over
CEO Conor Flynn highlighted that these efforts aim to enhance sustainability and create long-term value for stakeholders.
Kimco Realty (NYSE: KIM) has priced a public offering of
Kimco Realty (NYSE: KIM) announced it will redeem $299.67 million of its 3.50% Notes due 2023 and $313.925 million of its 3.125% Senior Notes 2023 on September 9, 2022. The redemption will incur a prepayment charge of approximately $0.4 million, affecting net income and funds from operations in Q3 2022. Notices will be sent to current noteholders on August 10, 2022. Kimco, a leading REIT, owns interests in 533 shopping centers, totaling 92 million square feet as of June 30, 2022, focusing on essential retail in prime markets.
Kimco Realty (NYSE: KIM) announced the redemption of $288.402 million of its 3.375% Senior Notes due October 15, 2022, on September 7, 2022. The redemption price is equal to par plus accrued interest of $16.125 for each $1,000 principal amount. Notifications will be sent to record holders on August 8, 2022, and questions can be directed to The Bank of New York Mellon, the paying agent. Kimco Realty is a leading REIT focused on grocery-anchored shopping centers, managing 533 properties with 92 million square feet as of June 30, 2022.
Kimco Realty (NYSE: KIM) reported solid second-quarter results for 2022, highlighting a 17.6% increase in Funds From Operations (FFO) to $0.40 per diluted share. Despite a net loss of ($125.8 million) or ($0.21) per share, occupancy rose to 95.1%, driven by a strong demand for grocery-anchored spaces. The board declared a 29% increase in dividends, now at $0.22 per share. Kimco revised its full-year guidance for net income down to $0.48 to $0.52 per share but raised FFO projections to $1.54 to $1.57.
Kimco Realty (NYSE: KIM) announced the release of its 2021 Corporate Responsibility Report. This report highlights the company's advancements in environmental, social, and governance (ESG) aspects, including the integration of ESG goals into executive compensation, a perfect score in LGBTQ+ workplace equality, and the successful merger with Weingarten Realty Investors. Kimco has committed to enhancing its ESG initiatives and expanding its community engagement efforts.
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