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The Kroger Co. Message Board

  • shorthighcoverlower shorthighcoverlower Dec 26, 2010 7:33 PM Flag

    rich in real estate holdings

    KR owns the land and buildings on : (1) corporate headquarters (2) 34 distribution facilities (3) 40 processing plants ( bakeries, milk plants, meat plants, etc.) (4) 352 conveniance stores with gas stations (5) 1061 supermarket locations (6) unsure if they own any real estate concerning their 374 jewelry store locations-- can anyone help on this one?

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    • Kr use to own a lot of their properties in the 80s,but got away from that for tax purposes.Most of their processing plants are owned by the company,but many of their stores are leased.

    • Since you're asking, IMHO you can't separate the real estate from the rest of their business. It probably does not represent some sort of trapped value if that's what your thinking of. Just look at EPS, margins, same store sales, hope the improving economy will help them squeeze out a little more profits (its a dirty word with all the unions?) for the shareholders (another dirty word for the unions?). They should try to get some shares in the hands of rank and file and some stock in the Union pension plan. Maybe so they can get some skin in the game. So far it seems the labor is managed (no strikes recently).

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