Portfolio and Market Position - Kimco Realty is well-positioned with a portfolio of premium shopping centers, predominantly grocery-anchored, located in top major metropolitan Sunbelt and coastal markets [1] - The company's top major metro markets contribute 82% of the annual base rent, with superior trade area demographics exceeding the U.S. average by 21% for median household income [4][5] - Kimco's focus on mixed-use assets in strong economic metropolitan statistical areas supports portfolio diversification and higher CAGR compared to retail-only sites [9] Financial Performance and Growth - Kimco's shares gained 9.4% over the past six months, outperforming the industry's growth of 6.6% [3] - The company's 2024 funds from operations (FFO) were revised upward to 108 million, strengthening its footprint in the Jacksonville market [2] - The Jacksonville market includes six properties encompassing 1.5 million square feet with a 98.6% occupancy rate as of Dec. 31, 2024 [2] Balance Sheet and Liquidity - Kimco exited Q3 2024 with over $2.8 billion of immediate liquidity and a consolidated weighted average debt maturity profile of 8.3 years [10] - More than 90% of the company's properties are unencumbered, enabling favorable borrowing rates [10]
Key Reasons Why You Should Add Kimco Stock to Your Portfolio Now