|Bid||18.53 x 2900|
|Ask||19.17 x 2200|
|Day's Range||18.83 - 19.09|
|52 Week Range||16.88 - 21.86|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||23.98|
|Earnings Date||Apr 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||1.12 (5.87%)|
|Ex-Dividend Date||Mar 31, 2020|
|1y Target Est||20.39|
Kimco Realty Corp. (NYSE:KIM) today announced that its Board of Directors approved an extension of Kimco’s stock repurchase program for up to $300.0 million of shares of the Company’s common stock until February 28, 2022. Kimco has $224.9 million that remains available under the repurchase program.
The current owner paid $23 million to develop and open Winter Park Village in 1999, where many original tenants still operate today.
Wall Street was set to open largely unchanged on Monday after last week's strong gains as investors kept an eye on the economic impact from the coronavirus outbreak and company updates, with people starting to return to work in China. The death toll from the epidemic has surpassed that of Severe Acute Respiratory Syndrome (SARS) from 2002-2003 and the World Health Organization said the number of cases outside China could be just "the tip of the iceberg". "Investors are quiet worried about the overly negative impact of the coronavirus on the global economy," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
How badly do people want to live in the shadow of Amazon’s HQ2 in Pentagon City? Just ask Kimco Realty Corp. The New York developer had the good fortune to deliver a 440-unit residential tower around the corner from Amazon’s first new building in Arlington in July, a few months after the tech giant announced its headquarters plans. The Witmer, as it's called is already at 95% capacity after just seven months of leasing, estimates Geoff Glazer, Kimco’s senior vice president of national development.
Kimco Realty Corporation (NYSE:KIM) investors will be delighted, with the company turning in some strong numbers with...
High occupancy of the company's portfolio, growth in new leasing spreads and higher same-property net operating income (NOI) buoy Kimco Realty's (KIM) Q4 results.
Kimco Realty (KIM) delivered FFO and revenue surprises of 2.78% and 5.10%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Kimco Realty Corp. (NYSE:KIM) today reported results for the fourth quarter and year ended December 31, 2019. For the three months ended December 31, 2019, Kimco’s net income available to the company’s common shareholders was $0.22 per diluted share compared to $0.17 per diluted share for the same period in 2018. For the full year 2019, Kimco’s net income available to the company’s common shareholders was $0.80 per diluted share compared to $1.02 per diluted share for 2018.
While Kimco (KIM) Q4 results will reflect gains from portfolio-revamp moves amid solid job market and still-resilient consumer spending, store closures and dispositions' dilutive impact concern us.
Kimco Realty Corp. (NYSE: KIM) announced today the allocations of the company’s 2019 dividend distributions on its common stock and preferred stock. The allocations as they will be reported on Form 1099-DIV are as follows:
Simon Property (SPG) to enjoy the largest network of Return Bar counters in the shopping-center industry, with the latest expansion of the Happy Returns' service desks to 52 locations.
Spirit Airlines, Inc. (SAVE), America’s fastest-growing airline, today held a groundbreaking ceremony with Spirit Team Members, local and state officials, and business leaders to celebrate the construction of its new corporate headquarters in Dania Beach, Fla. Spirit is investing up to $250 million for the creation of a corporate campus of up to 500,000 square feet of space, and the airline plans to add 225 additional jobs over the next five years. In 2022, approximately 1,000 employees are planned to move from the company’s current facilities in Miramar to the new Dania Pointe site just minutes away from Spirit’s largest operating base, Fort Lauderdale-Hollywood International Airport (FLL). The development will include corporate offices, a new crew training facility with flight simulators, and a corporate training residence all designed for more streamlined workflow and quick access to the airport.
Kimco's (KIM) sale and agreement to ground lease land to Spirit Airlines solidify Dania Pointe's position in the Greater Fort Lauderdale area.
Kimco Realty Corp. (NYSE: KIM) today announced it has completed the sale to Spirit Airlines (NYSE: SAVE) of approximately nine acres of land at its Dania Pointe mixed-use project in Dania Beach, Florida. A leading provider of value air travel, Spirit Airlines previously announced plans to develop a new global headquarters, investing up to $250 million for the creation of a corporate campus that will support more than 1,000 employees in up to 500,000 square feet of space. The airline has also executed a ground lease for an additional land parcel for the construction of a Spirit corporate training residence. Construction of the headquarters is expected to begin in 2021, with an anticipated transfer of employees in mid-2022.
Kimco Realty Corp. (NYSE: KIM) today announced that in an effort to reduce leverage, it has completed the redemption of 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 preference of $225 million.
Federal Realty (FRT) will use proceeds from the partial sale of 11.7 acres of its 35-acre San Antonio Center regional shopping center to pay condemnation awards to tenants occupying the sold space.
Though Macerich's (MAC) share-price performance has been disappointing in 2019, it is undertaking all appropriate measures to turn around tables in the upcoming year.
Macerich (MAC) refinances Kings Plaza shopping center with a 10-year fixed rate loan. The former $427.4 million loan for the property has been repaid in full.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]