|Bid||17.99 x 3000|
|Ask||21.77 x 3200|
|Day's Range||21.16 - 21.36|
|52 Week Range||14.29 - 21.86|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||28.35|
|Forward Dividend & Yield||1.12 (5.29%)|
|1y Target Est||N/A|
Kimco Realty Corp. (KIM), in an effort to further reduce leverage, today announced that it will redeem all 9,000 shares of its issued and outstanding 5.500% Class J Cumulative Redeemable Preferred Stock (the “Class J Preferred Stock”) and all 9,000,000 depositary shares representing the Class J Preferred Stock (the “Class J Depositary Shares” and, together with the Class J Preferred Stock, the “Class J Shares”) (NYSE: KIMprJ – CUSIP No. 49446R778), representing an aggregate liquidation value of $225 million, on December 31, 2019 (the “Redemption Date”). In connection with the redemption of the preferred stock, Kimco will recognize a non-cash charge of approximately $7.2 million or $0.02 cents per common share in the fourth quarter of 2019. The Class J Preferred Stock will be redeemed at the redemption price of $25,000.00 per share, plus $290.278 in accrued and unpaid dividends on each share, and the Class J Depositary Shares will be redeemed at the redemption price of $25.00 per depositary share, plus $0.29028 in accrued and unpaid dividends on each share.
Kimco Realty Corp. NYSE:KIM) has received Nareit’s prestigious 2019 Retail Leader in the Light Award, the organization’s highest sustainability honor for retail REITs. The annual award recognizes the company that has demonstrated consistent, best-in-class sustainability efforts. “Since Kimco launched its Corporate Responsibility Program in 2010, we have made environmental, social, and governance efforts a priority and challenged our team to expand the boundaries for what is possible in the ESG space,” said CEO Conor Flynn.
Kimco Realty Corp. (KIM) announced today that The Witmer, the residential component of Kimco’s Pentagon Centre Signature Series mixed-use project, has been named the Property Management Association’s 2019 Apartment Community Excellence (PACE) Award winner for Best in Show and Best Lease-Up. The new 26-story, 440-unit residential tower is located in Arlington, Virginia, directly across the street from the new Amazon headquarters (HQ2). “The Witmer is a property we are extremely proud of and we believe exemplifies our commitment to adding value to the communities in our nation’s capital and across the country.
Spirit Airlines (SAVE), America’s fastest-growing airline, today announced its intention to build a state-of-the-art headquarters in Dania Beach, Florida. The airline, headquartered in South Florida for more than 20 years, submitted site plans to the City of Dania Beach to build a campus up to 500,000 square feet act Dania Pointe, a premier mixed-use development comprised of nearly one million square feet of retail space, restaurants and housing. Spirit has entered into an agreement with Kimco Realty (KIM), the owner and principal developer of Dania Pointe, to secure the land.
Kimco Realty Corp. (KIM) today announced transaction activity for the third quarter and year to date 2019. The dispositions included Shoppes at Midway Plantation, a 323,000-square-foot shopping center located in Knightdale, North Carolina for $43.6 million, Corona Hills Marketplace, a 149,000-square-foot shopping center located in Corona, California for $31.5 million, Fairmont Shopping Center, a 103,000-square-foot shopping center in Pacifica, California for $39.3 million and Tacoma Central, a 112,000-square-foot shopping center in Tacoma, Washington for $29.9 million. Year to date, the company’s sales included 20 properties and three land parcels, totaling 3.0 million square feet, for a gross sales price of $392.8 million.
This sixth annual report provides a thorough account of Kimco’s performance in the areas of the environment, social impact, and governance (ESG). “When we launched our formal sustainability program eight years ago, we set an ambitious course, seeking to position Kimco as a leader not only in the environmental space but also in the areas of social impact and governance,” said Conor Flynn, Chief Executive Officer at Kimco Realty.
Kimco Realty Corp. announced today that its management will participate in the REITWeek 2019 NAREIT’s Investor Forum on Wednesday, June 5, 2019 in New York. Kimco management will provide a general overview of the company followed by a question and answer session.
Kimco Realty Corp. (KIM) will announce its second quarter 2019 earnings on Thursday, July 25, 2019 before market opens. If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. Kimco Realty Corp. (KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers.
Kimco Realty Corp. today announced transaction activity for the first quarter 2019, which included the sale of seven properties totaling 691,000 square feet for $101.7 million.
Kimco Realty Corp. (KIM) will announce its first quarter 2019 earnings on Thursday, May 2, 2019 before market opens. If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. Kimco Realty Corp. (KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers.
Kimco Realty (KIM) announced today that its management will present at the Citi 2019 Global Property CEO Conference on Tuesday, March 05, 2019 in Hollywood, Florida. The list of social media channels that the company uses may be updated on its investor relations website from time to time.
NEW YORK, Feb. 28, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
– Strong Operating Results Continue; Small Shop Occupancy Reaches New All-Time High –– Successfully Completes Three Signature Series™ Development Projects –– Provides 2019 Outlook
Kimco Realty Corp. announced today the allocations of the company’s 2018 dividend distributions on its common stock and preferred stock. The allocations as they will be
During the fourth quarter of 2018, Kimco sold 16 properties and two land parcels totaling 1.9 million square feet for $357.1 million. For the full year 2018, the company sold 68 properties and eight land parcels totaling 8.2 million square feet, for $1.1 billion. The blended cap rate for 2018 property sales was in line with the company’s expected range of 7.50% to 8.00%.