AllAnalyst Report
logoArgusOctober 22, 2020

Kimco Realty Corporation: Reiterating HOLD on challenging operating environment and upcoming lease expirations

Symbols
KIM
Sector(s)
Real Estate
Rating
Premium
Current Price
$15.07
Price Target
$NaN
Earnings Estimate
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Summary

Kimco is a real estate investment trust (REIT), specializing in the acquisition, development, and management of open-air shopping centers. Management notes that Kimco focuses on the 'sweet spot' of retail - stores offering name-brand clothing at discount prices, such as TJ Maxx and Nordstrom Rack. At the end of the quarter, Kimco owned equity interests in 401 shopping centers in the United States. The shares are included in the S&P 500.

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