Kimco Realty(US:KIM)2025-10-30 12:30Company Overview - Kimco Realty has a total capitalization of $23.7 billion and owns 564 properties with 100 million square feet of Gross Leasable Area (GLA) [6] - The company's pro-rata occupancy is 95.7%, up 30 basis points Quarter-over-Quarter (QoQ) [12] - 86% of the company's Annual Base Rent (ABR) comes from grocery-anchored centers [12] Financial Performance and Growth - The company has $71 million in Signed Not Opened (SNO) pipeline [9, 12] - The company anticipates approximately $31 million cash flow impact from SNO in 2025 [9, 56] - Net Effective Rents increased by 9% Trailing Twelve Months (TTM) [9] - The company expects blended yield of 17% on redevelopments with $22 million gross costs and 11% on anchor space repositioning with $57 million gross costs in 2025 [9] - The company anticipates $100 million to $125 million in total net acquisitions in 2025 [9] Portfolio and Leasing - The company's pro-rata rent spread on comparable new leases is 21.1% [12] - Small shop occupancy reached a record high of 92.5% [12] - The company's blended pro-rata rent spread on comparable leases is 11.1% [12] - 47% of Kimco's ABR is derived from small shop tenants (<10K SF) [40]