Why You Should Add Kimco (KIM) Stock to Your Portfolio Now
Kimco Realty(KIM) Zacks Investment Research·2024-02-05 16:11
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 ...