Kimco Earns Credit Rating Upgrade, Boosts Shareholder Confidence

Group 1 - Kimco has secured an 'A-' credit rating with a stable outlook from S&P Global Ratings, attributed to solid operating performance and a well-positioned balance sheet [1][7] - S&P highlighted Kimco's enhancement of asset quality, revenue growth, ample liquidity, and a grocery-anchored portfolio as key factors for the rating [2][7] - The stable outlook assumes leverage-neutral growth with debt to EBITDA in the mid-high 5x range and solid tenant demand despite recent sector bankruptcies [2] Group 2 - The rating upgrade is expected to enhance Kimco's creditworthiness, allowing it to source funds at favorable rates for future growth [3] - Kimco's grocery-anchored portfolio achieved 86% annual base rent in Q2 2025, with a blended pro-rata leasing spread of 15% [4] - The company exited Q2 2025 with $2.2 billion in immediate liquidity and an average debt maturity profile of 8.5 years [5] Group 3 - Kimco's shares have increased by 7.5% over the past month, outperforming the industry which rose by 1.7% [6] - Analysts have revised the Zacks Consensus Estimate for Kimco's 2025 funds from operations per share upward to $1.74 [6]