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Kimco Realty Corporation (KIM)

NYSE - NYSE Delayed Price. Currency in USD
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21.23+0.37 (+1.77%)
At close: 4:02PM EDT
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  • L
    Len
    PLD, best REIT in America.
    Tremendous growth anticipated in PLD.
  • R
    Runa
    IMO KIM with solid fundamentals and best management has done very good in the pandemic turbulence time. With healthy outlook, cheap money, zero interest rate, and solid dividend yield can easily pass $20's . IMO I could easily see KIM at $22 by mid year. I am LONG
    Bearish
  • T
    Tim
    Why is this up on a down day? Anybody know? I'm too new to the name to know.

    Thanks!
  • I
    I_Love_Ex_Div_Dates
    Today, Citibank raised its target from $18 to $20!
  • E
    Edward
    I loved Kimco when it was below book. That was a gem of a purchase. Cheap Bricks and "A" Locations is a pretty good combo. Today Kimco is better than most REITS and I am still shooting for a $20 exit price.
  • J
    John
    Kimco boosts term loan by $215M
    Apr. 24, 2020 4:09 PM ET|About: Kimco Realty Corporation (KIM)|By: Liz Kiesche, SA News Editor
    Kimco Realty (NYSE:KIM) exercises the accordion feature on its previously announced $375M unsecured term loan facility, bringing total borrowings under the facility to $590M.
    The company can boost the amount again, by as much as $535M to more than $1.1B.
    The term loan is scheduled to mature April 2021, extendable at Kimco’s option for one year until April 2022.
    With more than $900M of cash on the balance sheet and $1.3B available under its unsecured revolving credit facility, Kimco has more than $2.2B of immediate liquidity.
    Interest on the term loan borrowings accrues at a spread (currently 1.400%) to LIBOR or, at the company’s option, a spread (currently 0.400%) to the base rate defined in the Credit Agreement, that in each case fluctuates in accordance with changes in Kimco’s senior debt ratings.
    Bullish
  • J
    J Estrada
    I have a quick question for long time Kim holders. When you ;look at the max chart here on yahoo something happend around August 2008 that cause the stock price to dive to around 7.90. The dive was dramatic even when compare to Market performance that year. I cannot find any explanation as to what drove this event. Does anyone have any information . Thanks in advance
  • L
    Lisa
    Top Bullish Charts for October 2020 💰💵📈

    https://chart-analysis.tools/Bullish-Charts
  • R
    RetiredCEO
    $HR-UN.TO conversation
    HR Q4 Estimate Updated:
    Rent Collections 95-97% (inc CERS)
    FFO $0.41
    FFO Payout Ratio 40%
    AFFO $0.36
    AFFO Payout Ratio 48.5%
    Bad Debts $6.5M (12M Q3)
    Distribution Increase Announced to 8 cents/month
    Debt to Assets - 46.8%
    NAV per unit $22.41

    Full Year FFO 1.66 - Trailing Price to FFO 7.66
    Full Year AFFO 1.40 - Trailing Price to AFFO 9.01
    This is during a pandemic. Many new developments coming online, a restarting of the economy, and lower borrowing is going to drive up forward earnings pretty quick.

    Distributions Increase to 8 cents/unit resulting in FFO payout ratio of 58% or AFFO Payout Ratio 66%. I expect this to be in Q2 2020. Hopefully buybacks are announced first and start soon.

    Liquidity:
    200M Cash
    1B Unsecured LOC
    3.5B Unencumbered Asset Pool

    Bad Debts will be lower due to elimination of CECRA write offs as well as fewer tenant bankruptcies.

    There are a lot of unknowns. Converting construction developments to a finished product, such as River Landing could materially improve Q4 result estimates regarding FFO & NAV. River Landing is the largest project completing. HR has stated that leasing was ahead of expectations in residential, and retail started to occupy space in November. However, it is likely they have a few months free rent and won't add much to FFO until Q1/Q2 of 2021. The board will likely take this new FFO and use it as additional tailwinds to support a vote on a distribution increase. If not, buying back units would be a good use of funds until the unit price recovers, then increase distributions in Q2 2021. I believe with 2020 write downs behind us, distribution increases are not only warranted, but also needed to ensure the trust pays out enough distributions to avoid any income tax obligations as a REIT. The focus in 2021 should be recovery of the unit pricing.

    $SPG $MAC $BPY $BXP $ARE $FRT $KIM $ALX $CIO $VNQ $WPC $BAM

    #D.UN #SRU.UN #SOT.UN #REI.UN #MR.UN
  • P
    Passingthetime
    Crossing below $9 is another add. People today Kimco is trading around 75% of Book.
    That is a REIT, we are talking Depreciated Book. Do you guys understand that the current
    price represents not only zero appreciation for the past decades, but also a steep discount
    to the actual cost. All the depreciation taken on these properties has been deducted from
    Book. You are pricing Kimco at Land Value or less, when you factor in their Alberstons Stake.
    This is an easy buy and wait until senses come back.
    Bullish
  • D
    David
    Why does this stock and other REITs trade with such volatility. Who are these short term traders? The underlying business of REITs moves at the speed of a turtle, yet the stock trades around like the business is very dynamic and changes from day to day. First the traders sold it because brick and mortar was going to die. Then they sold it because interest rates were going to rise. It is becoming clear that real estate that is in great locations will survive and thrive and you need to look no further than the demand that will be created from Amazon's new HQs. In addition, interest rates have moderated and it is pretty clear that the Fed will slow down if not pause on the its interest rate increases. In addition, Kimco has done a great job selling locations that aren't going to be premium properties and reinvesting in premium properties that have a lot of upside with new entitlements, mixed use development and opportunities to bring below market leases up to market rates. This doesn't have to be so hard. For those who look deeper than an inch and have a forward looking investment approach this is a great asset to accumulate.
  • R
    RetiredCEO
    $BPY conversation
    "I want to open the restaurants in New York City. I don't know how we're going to do the compliance," New York Gov. Andrew Cuomo said.
    "I want to open the restaurants in New York City. I don't know how we're going to do the compliance," New York Gov. Andrew Cuomo said.
    www.cnbc.com
    Bullish
  • b
    bo
    Any news?
  • D
    David
    Albertson's filing for IPO @ $19 billion valuation. Anybody know how much Kimco owns and what value would go to Kimco?
  • d
    dealwithit
    Earnings were suppose to indicate a downward trend just like the share price over the last 6 months.

    But instead of lowering guidance for 2018 they actually raised it.

    Management is sticking to their game plan of re-positioning their
    assets and it appears to be right on track.

    Other than the share price...what's not to like?
  • J
    John
    Best day to buy. Day it goes X always down 3 percent or so on X day. This is a 20 stock all day
  • K
    K
    ??? Down ???
  • D
    David
    Kimco has a portfolio of high quality real estate. The dividend is safe and the rents will rise especially in an economic boom. New supply is constrained. The new tax law should increase demand for REITs. The fundamentals are just better than the stock price is reflecting. So, it will be really interesting to see what this stock price will be in a year, in 2 years and in 5 years? Buying now is going against the crowd, but buying low provides high future returns.
  • L
    Len
    Kimco should sell some non core assets.
    Senior management really worse than
    Ted Cruz and Mark Rubio, working in the Senate.
  • k
    ken
    This is such a great play. KIM went down 60% which is in-line with EAT and other restaurant REITs. The difference is KIM is grocery store anchored in prime locations. Way undervalued.....taking a conservative 25% haircut for lost small business rent, getting to $15 per share is an easy call. Buy Buy Buy!!!