Kimco Realty Cp - KIM STOCK NEWS

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.

Kimco Realty Corp. (NYSE: KIM) will release its third-quarter 2021 earnings on November 5, 2021, prior to market open. A live webcast of the earnings conference call is scheduled for 8:30 AM ET on the same day. As the largest publicly traded owner of grocery-anchored shopping centers in North America, Kimco focuses on necessity-based goods and services, with a portfolio of 398 U.S. shopping centers and a gross leasable area of 70 million square feet. The company's commitment to ESG leadership is also highlighted.

Kimco Realty Corp. (NYSE: KIM) has launched an 'at the market' continuous offering program, allowing the sale of up to $500,000,000 in common stock. The sales will be conducted through various financial institutions acting as sales agents. Kimco may also enter into forward sale agreements, allowing for additional stock sales without initial proceeds for the company. Proceeds are intended for general corporate purposes, including acquisitions, development costs, redeeming preferred stock, and reducing debt. The company has filed a registration statement with the SEC for this offering.