MarsBars Many investors know that commercial real estate has been pressured over the past 12 months. However, ‘Commercial RE’ is a blanket term that covers all property types, not just the pressured office segment, with some property types doing just fine and in some cases even thriving. That’s why it pays to look beyond the headlines and instead look for value where credit is due. Such I find the case to be with Kimco Realty (NYSE:KIM) which I last covered in May of last year, noting its high exposure ...

Kimco Realty Corp. (KIM) reported fourth-quarter 2023 funds from operations (FFO) per share of 39 cents, in line with the Zacks Consensus Estimate. The figure was only a cent higher than the year-ago quarter’s tally.Though Kimco reported growth in revenues, a rise in interest expenses acted as a dampener. This retail REIT provided an initial outlook for 2024 FFO per share, which is below the consensus mark. Probably because of these negatives, shares of the company lost nearly 2% so far today despite better ...

Kimco Realty Corporation (NYSE:KIM) Q4 2023 Earnings Conference Call February 8, 2024 8:30 AM ET Company Participants David Bujnicki - Senior Vice President of Investor Relations & Strategy Conor Flynn - Chief Executive Officer Ross Cooper - President & Chief Investment Officer Glenn Cohen - Chief Financial Officer Dave Jamieson - Chief Operating Officer Conference Call Participants Michael Goldsmith - UBS Jeff Spector - Bank of America Dori Kesten - Wells Fargo Floris van Dijkum - Compass Point Alexander G ...

Kimco Realty (KIM) reported $451.6 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.7%. EPS of $0.39 for the same period compares to -$0.09 a year ago.The reported revenue represents a surprise of +0.42% over the Zacks Consensus Estimate of $449.71 million. With the consensus EPS estimate being $0.39, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.39 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.38 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.39 per share when it actually produced FFO of $0.40, delivering a surprise of 2.56%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.Kimco Realt ...

Kimco Realty Corporation (KIM) is slated to report fourth-quarter and full-year 2023 results on Feb 8 before the opening bell. The company’s quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Jericho, NY-based retail real estate investment trust (REIT) delivered a positive surprise of 2.56% in terms of FFO per share. Results reflected better-than-anticipated revenues.Over the preceding four quarters, Kimco’s ...

Amid healthy demand for retail real estate, Kimco Realty (KIM) is well-poised to benefit from its portfolio of premium retail properties in top major metro Sunbelt and coastal markets. Its focus on grocery-anchored shopping centers, mixed-use assets and a solid balance sheet position bode well for long-term growth. However, a rise in e-commerce adoption and an elevated interest rate environment are headwinds.What’s Aiding it?Kimco’s properties are located in the drivable first-ring suburbs of its top major ...

JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, announced today the allocations of RPT Realty Investors’ 2023 dividend distributions on its common stock and preferred stock. The allocations as they will be reported on Form 1099-DIV are as follows:   Common Shares (CUSIP #’s 74971D 101, 751452103 and 751452 ...

Kimco Realty (KIM) has closed its earlier announced acquisition of RPT Realty (“RPT”) in an all-stock transaction, inclusive of the assumption of debt and preferred stock. The buyout adds to Kimco’s portfolio 56 open-air shopping centers encompassing 13.3 million square feet of gross leasable area to its existing portfolio of 527 properties. Of the 56 shopping centers, 43 are wholly owned.Apart from expanding Kimco’s footprint of high-quality, grocery-anchored shopping centers in the drivable first-ring sub ...

JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today announced the completion of its previously announced acquisition of RPT Realty (“RPT”). The acquisition of RPT adds 56 open-air shopping centers, 43 of which are wholly owned, comprising 13.3 million square feet of gross leasable area, to Kimco’s existing portfolio ...