A few weeks ago we shared on our blog some of Kimco’s key financial results from the fourth quarter. Most notably, our occupancy rates, rental rates, and same-property NOI grew significantly for the quarter and the year. We also reiterated the importance of continuing to follow our growth strategy that we first discussed during Investor Day 2013.… 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
Competition for core, stabilized shopping centers in the U.S. has typically been stiff, and it’s easy to see why. These centers are well-leased by strong tenants and have a sturdy anchor tenant — usually a grocer or other major retailer. As a result, these centers are usually very stable and generate strong sales for tenants.… Read More
The only consistent thing in retail real estate is change. Unlike other real estate sectors, the vibrant world of retail changes dramatically as new concepts pop up, existing concepts reinvent themselves, and outdated concepts fade away. And while change can sometimes be disruptive, we think it creates a great opportunity.… Read More
Beyond the fresh meats and vegetables, weekly specials, and featured recipes, there’s one thing that Neiman’s Family Market has always been serving — the community.
The Neimans have held their neighbors close to heart as they’ve grown their business from a small start-up in Alpena, Mich., into a family-owned company that’s marking its 30th anniversary this year.… Read More
The Long Island retail market has grown significantly over the past few years, and is one of Kimco’s strongest markets. I talked in depth about this recently as a panelist for ICSC’s “Long Island Retail from All Sides” program. The event provided a snapshot into Long Island’s current and future retail market from the perspectives of several industry professionals.… Read More
Shopping centers are getting healthier. That’s the focus of a USA Today video spotlighting Kimco’s Suburban Square in Ardmore, Pa. Mark Bachus, Suburban Square’s General Manager, spoke to USA Today about the center’s trend toward adding tenants that promote healthier lifestyles, which include sweetgreen restaurant, the Ardmore Farmers Market, Trader Joe’s, Fruitti Yummi frozen yogurt, lululemon, and City Sports.… 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: