Kimco Realty (KIM) recently announced the acquisition of Waterford Lakes Town Center for $322 million in Orlando, FL, which includes the assumption of a $164 million mortgage.The purchase of Waterford Lakes enhances this retail real estate investment trust’s (REIT) position in the Orlando market, increasing its portfolio to 18 centers with a total of more than four million square feet of gross leasable area.This 976,000-square-foot property, encompassing 79 acres, is approximately 99% occupied. The property ...

– Florida’s Premier Grocery-Anchored Lifestyle Center and Retail Landmark – – One of Florida’s Top Retail Destinations with Nearly 14 Million Annual Visits – JERICHO, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, is pleased to announce the acquisition of Waterford Lakes Town Center, a 976,000-square-foot signa ...

Shares of Kimco Realty (KIM) have soared 25.9% in the past three months compared with its industry’s rally of 17.2%.This Jericho, NY-based retail real estate investment trust (REIT) is well-poised to benefit from its portfolio of premium shopping centers, which are predominantly grocery-anchored, in the drivable first-ring suburbs within key major metropolitan Sunbelt and coastal markets. Its focus on developing mixed-use assets and a healthy balance sheet position bode well for long-term growth.Analysts se ...

Melpomenem The yield curve is bouncing around quite rapidly these days, with constantly moving speculation on when and how much more the Fed will cut. The curve has successfully uninverted, making the treasury market start to look somewhat normal/healthy. However, there is still quite a bit of chaos in the rest of fixed income. Spreads are all over the place, with mispricing facilitating the capture of outsized yield along with substantial capital appreciation potential in the move back to par. This article ...

JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty Corporation (NYSE: KIM) (the “Company”) today announced that its subsidiary, Kimco Realty OP, LLC (“Kimco OP” and, together with the Company, “Kimco”), has priced a public offering of $500 million aggregate principal amount of 4.850% notes due 2035 (the “notes”) with an effective yield of 4.873%, maturing March 1, 2035. The notes will be fully and unconditionally guaranteed by the Company. The offering is expected to settle on September 16, 2024 ...

JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced that S&P Global Ratings (“S&P”) revised its rating outlook for KIM to ‘Positive’ from ‘Stable’ and affirmed the Company’s ratings, including the ‘BBB+’ Issuer Credit Rating. In its public announcement, S&P noted “The positive outlook reflect ...

JERICHO, N.Y., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) will announce its third quarter 2024 earnings on Thursday, October 31, 2024, before market open. You are invited to listen to our quarterly earnings conference call. The webcast information is as follows: When: 8:30 AM ET, October 31, 2024 Live Webcast: 3Q24 Kimco Realty Earnings Conference Call or on Kimco Realty’s website investors.kimcorealty.com Dial #: 1-888-317-6003 (International: 1-412-317-6061). Passcode: 1893940 Audio from ...

Kimco Realty (KIM) recently announced that the retail real estate investment trust (REIT) secured an ‘A-’ credit rating with a stable outlook from Fitch Ratings. This achievement positions the company among only 12 publicly-listed U.S. REITs that hold a credit rating of ‘A-’ or higher.Kimco's rating is a testament to the long-term stewardship of its proficient management teams and the effective oversight of its board, which have enabled the company to thrive through many commercial real estate cycles.Its po ...

amriphoto The stock price of Kimco Realty Corporation (NYSE:KIM) has surged since July, indicating that passive income investors have warm up again to shopping center-focused real estate investment trusts. Kimco Realty is growing its net operating income and funds from operations, and the portfolio has strong lease metrics as well, particularly with respect to occupancy and rents. I think that Kimco Realty offers passive income investors a very high quality 4.2% dividend yield that has a high margin of ...

JERICHO, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the company achieved an ‘A-’ credit rating with a stable outlook from Fitch Ratings (“Fitch”), making it one of just 12 publicly-listed U.S. REITs with a credit rating of ‘A-’ equivalent or better. In its public announcement, Fitch noted “Ki ...