As the year came to an end, Kimco continued to remain busy throughout its fourth quarter—both in the real estate world and in the news. While the business of real estate may continue to shift around us, the company continues to prove that not only can it take on these challenges, but also adapt, grow, and thrive in the midst of change.… Read More
It was a busy first quarter here at Kimco. We continued strategically refining the portfolio while attracting the highest quality tenants. Many of the initiatives we started months ago – such as the lighting program Illumi-Nation – are now beginning to bear fruit.… Read More
A few weeks ago, Kimco held its well-attended 2015 Investor Day presentation at New York’s Palace Hotel. The event gathered analysts and investors to learn about Kimco’s strategy over the next several years. Our strategy was widely supported, with analyst reports from the event being very positive.… Read More
Sometimes it’s called business as usual, but Kimco’s Q2 performance was really another step on our journey down the course we initially laid out in 2010.
Kimco continued our strategic initiatives in Q2 by redeveloping prime properties and capitalizing on the healthy disposition market to sell properties both in the U.S.… Read More
The first quarter of 2015 was a strong start to the new year, with some exciting developments making the news. Here are some of our biggest new stories from the past quarter.
The string of terms chosen by analysts to describe Kimco’s third quarter hint at the strength of our operations for the period ending September 30th, during which we outperformed expectations and raised guidance for the year.
The investment community saw our increases from last quarter as indicative of steady core growth, and acknowledged that our FFO (funds from operations) exceeded estimates.… Read More
The momentum from a robust first quarter of 2014 propelled us into Q2 in excellent standing, as reflected in our recent media coverage. Here’s a sampling from the hundreds of media items we were proud to be featured in last quarter.… Read More
Kimco’s fourth-quarter and full-year results show a company that is in the sweet spot of supply and demand.
In the U.S., more than 81,000 stores are expected to open over the next two years (a five-year high), while new shopping center construction has hit a 35-year low. … Read More
Kimco reported its third-quarter earnings last week and the numbers tell a compelling story. Not only did we continue to deliver strong financial and operating results, but we moved closer to becoming a pure-play North American retail real estate investment company with a portfolio built for long-term stability and growth.… Read More
Kimco’s second quarter saw a lot of positive momentum that caught the media’s attention. Two honors in particular still have us smiling — Real Estate Forum magazine named CEO David Henry a “Real Estate Icon” in its May issue, and our website brought home a gold NAREIT Investor CARE Award in June.… Read More
Local and national media outlets have continued to feature Kimco’s news and commentary on the retail and REIT markets. Here’s a roundup of some noteworthy Q1 coverage.
Retailers betting on healthy options for consumers
The biggest retail news story right now is, naturally, the 2012 holiday shopping season results. In November and December, national retail sales and foot traffic each increased 2.5 percent compared to the same two months last year, according to ShopperTrak.
Kimco has been discussing this story, as well as many others over the past quarter, in national and local media outlets.… Read More
Are you an individual investor looking for information on Kimco and retail real estate? A good opportunity to learn about our company and industry will be at the upcoming RetailInvestorConferences.com webcast I’m leading on
Nov. 1 at 1 p.m. EDT.… Read More
Kimco’s business initiatives, projects, and people have caught the attention of several industry, local, and national media outlets. We’ve been posting quarterly round-ups of our press coverage on our blog, so with the second quarter at a close, I wanted to highlight some articles that featured Kimco over the past three months.… Read More
If there’s one word to sum up our first quarter performance, it would be “momentum.”
Everywhere you look — from our NOI and FFO growth, to our positive leasing spreads and improved occupancy, to our continued progress upgrading the quality of our portfolio — there are signs of momentum in our first quarter results.… Read More
Hopefully you’ve read over Kimco’s fourth quarter and full-year 2011 earnings press release. Overall, our results were solid and showed improvement in several crucial areas, including FFO (Funds from Operations), operating metrics, and occupancy levels.
But if you haven’t had a chance to read our press release yet and are looking for some of the highlights, we thought we’d recap our financial results and core business operations for the quarter and year on our blog.… Read More
Ever since the Global Industry Classification Standard (GICS) sector was established in 1999 to classify REITs, real estate REITs were lumped into the Financials Sector, along with banks, insurance, and other diversified financials.
Brick-and-mortar is alive and thriving — a message that rang true in the second quarter of 2016. The evolving retail industry is forcing us to rethink old ideas, and at Kimco, we’ve proven ourselves ready to take on these new challenges with innovative initiatives that others are taking notice of.… Read More
Over the past year, Kimco dramatically transformed its portfolio, focusing on its assets in the U.S., which we believe to be the market with the highest growth potential. We also presented our 2020 Vision, a five-year roadmap that lays the foundation for an even stronger, world-class portfolio.… Read More
Q3 was yet another strong quarter for Kimco. We moved ahead with our plan to focus on our U.S. properties by selling non-domestic shopping centers, we continued disposing of lower-tier assets, and we made significant headway with our $1.1 billion redevelopment pipeline.… Read More
It was business as usual for Kimco in Q2 – and that’s certainly not a bad thing. We completed new purchases and sales, broke new ground, and helped our tenants succeed and grow. Here are just some of the highlights from the media coverage we earned in Q2 2015.… Read More
Wrapping up a year marked by excellent operational metrics and valuable portfolio upgrades, Kimco closed 2014 on a high note. Our occupancy rates are now approaching historic highs and we are drawing our transformational strategy to a close as planned. We are proud to have delivered a 32.4 percent total shareholder return for the year, outperforming the RMZ, Dow Jones, and S&P 500 Indices.… Read More
Coverage by the media was generous and far-reaching in the past few months as Kimco enjoyed another strong quarter. Here’s a sampling of the many mentions we earned from July through September.
TSR hot streak
Kimco continued to benefit from the positive supply-and-demand characteristics of the current retail real estate market to post strong gains in both occupancy and rents during the first quarter, while also moving forward on its TSR+ strategy for long-term growth.
With new retail construction at historic lows and planned store openings at a five-year high, there is considerable upward pressure on rents for ever-scarcer quality space.… Read More
Our fourth quarter was marked by some strong achievements. Our growth strategy continued to progress, several industry organizations recognized Kimco with new awards, and MLV Capital initiated coverage of Kimco in November.
In case you missed any of our news, here’s a look back at some of the activity at our company, and top media stories featuring Kimco in the fourth quarter and during these first few days of the new year.… Read More
Our insights on Kimco’s business progress and perspectives regarding retail real estate attracted news media nationwide throughout the third quarter. Notably, CRE Radio called upon CEO Dave Henry to help educate the industry about ongoing developments with the Marketplace Fairness Act, and National Real Estate Investor tapped Executive Vice President and COO Conor Flynn to share his viewpoints on up-and-coming retail concepts.… Read More
Recent Kimco dividend hike puts current yield at more than 4 percent
Yield-starved investors seeking higher returns in this low interest rate environment have often flocked to the Real Estate Investment Trust (REIT) sector, which allows them to invest in real estate in much the same way as mutual fund investors are able to invest in other types of securities.… Read More
We’ve continued to see positive movement in the real estate industry over the past quarter. Kimco has been cited in many national, regional, and local media outlets for our take on these trends and how we’re capitalizing on them. Here’s a roundup of some of the most notable news we’ve been a part of and have made in Q3.… Read More
REITWeek is a major bi-annual event sponsored by NAREIT, and is a key opportunity for Kimco to meet with institutional investors and research analysts. This year, we had 19 meetings in which we came away with several important observations and understandings on the state of the retail and investment markets.… Read More
The ICSC RECon convention is the global conference for anyone in the retail, shopping center, and mall industries. This year’s event is expected to draw some 30,000 attendees and 1,000 exhibitors, all looking forward to the show’s educational sessions, and networking and deal making opportunities.… Read More
Several more Kimco people and properties have been in the news since we posted our last media coverage wrap-up. Here’s a round-up of some more December stories in case you missed them:
Kimco’s Q3 was another step forward in our 2020 Vision. This quarter we demonstrated our belief in the opportunity represented by quality open-air shopping centers in key metro areas and with strong demographics, where our redevelopment pipeline remains a source of strength and future value.… Read More
Kimco set a course for 2020 and we’re off to a great start. Q1 was another strong quarter for Kimco, and its highlights show that we’re executing on every aspect of the 2020 Vision strategy. Though short-term earnings are very important, we have our sights set on creating long-term value for our shareholders and all employees.… Read More
We spent the last three months of 2015 focusing on the future. A bevy of news reports came out in Q4 discussing updates to our shopping centers, new developments planned for 2016, and general stories about company leaders and industry trends.… Read More
REIT news, redevelopment, and a roller coaster – yes, Kimco had a lot going on in the third quarter of 2015. We continue to make significant progress in the redevelopment of our sites throughout the country, while many of our programs are adding value to our brand, and enhancing our reputation with customers and Wall Street analysts.… Read More
With 2014 behind us, Kimco turns its focus toward accomplishing strategic and operational goals in the new year. Here are some highlights from the generous amount of media coverage we earned in Q4 2014.
A bridge to 2015
Steady focus on our TSR+ strategy — characterized by transformation, simplification, and redevelopment — has been key to our ongoing success and the accolades that came with it last quarter.… Read More
Bolstered by a healthy retail sector and a corporate strategy with proven results, Kimco has reported very favorable earnings for the second quarter of 2014. Strong financial and operational returns in the period ending June 30 reveal a company that is successfully capitalizing on current opportunities while reinforcing its potential for long-term growth.… Read More
In the first quarter of 2014, Kimco built on the momentum from a strong 2013 to begin shaping the year ahead. Our progress, achievements and groundbreaking initiatives have earned coverage in more than 250 national and regional media features already this year.… Read More
Kimco held its 2013 Investor Day yesterday at the New York Palace Hotel. This was a highly anticipated event with over 125 confirmed attendees looking to hear about Kimco’s strategy over the next several years. Our path for growth hinges on three core initiatives, associated with the initials T.S.R.… Read More
FFO as adjusted increased by 12.9 percent and our operating metrics were very strong: U.S. same-site NOI grew 4.2 percent (the biggest year-over-year jump in six years and Kimco’s 13th consecutive quarter of rising NOI), U.S.… Read More
Just like the field that charged out of the gate at the recent Kentucky Derby, Kimco has come out strong in 2013, with first-quarter operating results that exceeded expectations.
Our reported funds from operations (FFO) rose 6.5 percent over the prior year, and our same-site net operating income (NOI) climbed 4 percent — not only our twelfth consecutive quarter of growing NOI, but our highest quarterly increase in five years.… Read More
Kimco Realty capped off a solid 2012 with a fourth quarter performance that beat analyst expectations, as the company continued to make progress on its strategic objectives and deliver improved operating results amid stronger demand for retail space.
Our reported funds from operations (FFO) as adjusted — a widely used supplemental measure of REIT performance — came in at $0.33 per diluted share in the fourth quarter, up 10 percent over the prior year.… Read More
Kimco Realty Corp. turned in another strong performance in the third quarter. We made steady progress toward our key objectives and saw continued improvement across our shopping center portfolio, both in terms of our operating metrics and strong retailer demand for space.… Read More
Words like “solid,” “steady,” “strong.” That’s how some analysts described Kimco’s second quarter 2012 earnings results. We couldn’t agree more.
Kimco has several new strategic initiatives and projects underway that have been catching the attention of the business community this quarter. I’d like to share a few of the highlights featured by the media.
“Mad Money” interviews Kimco CEO Dave Henry
Kimco CEO Dave Henry discussed the company’s strong performance numbers with Jim Cramer, host of CNBC’s “Mad Money,” in February.… Read More
Several of our properties and people have caught the media’s attention lately, and we wanted to share the goings-on in case you missed them. Here’s a look at what’s been happening lately:
“Indoor Kart Racing Facility Could Ride Into Cinnaminson.” We’re working with Speed Raceway to possibly occupy a space in our shopping center on Route 130 in Cinnaminson, N.J.… Read More