Kimco Is Benefitting From Favorable Shopping Center Supply/Demand

alacatrShopping center fundamentals have improved materially, setting Kimco (NYSE:KIM) up for secular net operating income growth. As expenses normalize, it should translate into accelerating AFFO/share growth. Current valuation does not price in long-term growth which makes KIM opportunistic. I believe three aspects make KIM significantly more valuable than its price:  Long-term undersupply of shopping centers Implied stabilized cap rate of KIM vs where its properties should trade Factors masking curre ...