Kimco Realty Cp - KIM STOCK NEWS

Kimco Realty (NYSE: KIM) will announce its Q2 2022 earnings on July 28, 2022, before market open. A conference call will occur at 8:30 AM ET on the same day and will be available via webcast. Kimco, a major player in the real estate investment trust sector, specializes in grocery-anchored shopping centers and has a portfolio covering 93 million square feet of leasable space as of March 31, 2022. The company is committed to ESG principles and has been publicly traded since 1991, included in the S&P 500 Index.

Kimco Realty (NYSE: KIM) reported strong first-quarter 2022 results, with net income of $230.9 million ($0.37 per diluted share), up 23% year-over-year. Funds From Operations (FFO) increased 18.2% to $240.6 million ($0.39 per diluted share). The company leased 4.7 million square feet, raising portfolio occupancy to 94.7%. A 5.3% increase in the quarterly cash dividend to $0.20 per share was announced, reflecting confidence in financial performance. The company also raised its full-year guidance for net income and FFO, signaling optimism amid robust tenant demand.

Kimco Realty (NYSE: KIM) has announced a quarterly cash dividend of $0.20 per common share, marking a 5.3% increase from the previous dividend. This dividend will be payable on June 23, 2022, to shareholders of record as of June 9, 2022. Additionally, dividends on the company's 5.125% Class L and 5.25% Class M preferred shares will be distributed on July 15, 2022, to shareholders of record on July 1, 2022.

Kimco Realty (NYSE: KIM) is set to announce its first quarter 2022 earnings on April 28, 2022, before market open. A quarterly earnings conference call will be held the same day at 8:30 AM ET, available via webcast. Kimco is a leading real estate investment trust (REIT), recognized for its grocery-anchored shopping centers. As of December 31, 2021, it owned interests in 541 U.S. shopping centers, totaling 93.3 million square feet of gross leasable space. The company remains committed to environmental, social, and governance (ESG) initiatives.

Kimco Realty (NYSE: KIM) announced its management will present at the Citi 2022 Global Property CEO Conference on March 8, 2022, from 8:15 A.M. to 8:50 A.M. ET. This event underscores Kimco's position as the largest publicly traded owner of grocery-anchored shopping centers in North America, with a focus on essential goods. The live webcast can be accessed here. A recording will be available on its investor relations website until March 7, 2023.

Kimco Realty (NYSE: KIM) announced the pricing of a public offering of $600 million in 3.200% notes due April 1, 2032, with an effective yield of 3.297%. The offering is expected to settle on February 25, 2022 and aims to use net proceeds to redeem existing 3.400% Senior Notes due 2022, alongside funding for corporate purposes, such as investments and redevelopment. The offering is executed under an effective shelf registration statement, with several major financial institutions serving as managers.

Kimco Realty (NYSE: KIM) announced the redemption of $500 million of its 3.400% Senior Notes due March 2, 2022. The redemption price will be $1,012.94 per $1,000 principal amount, plus accrued interest. The company will incur a $6.5 million prepayment charge, affecting net income and funds from operations by approximately $0.01 per diluted share in Q1 2022. A notice of redemption will be sent to noteholders on February 15, 2022. Kimco Realty is a leading REIT focused on open-air, grocery-anchored shopping centers in major U.S. markets.

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.