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Kimco ready for a strong run in 2013
Dave Bujnickion May 14, 2013
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
2 new reasons why it’s sunnier in San Diego
Matt Goldenon March 6, 2013
Kimco is continuing its initiative to focus its portfolio on core, strategic assets in the country’s strongest markets, and has been on the lookout for properties that will become a solid long-term investment. Two of our latest acquisitions in this effort have been City Heights Retail Village and Santee Trolley Square in the San Diego metro area.… Read More
Retail real estate trends 2013: Which way will the pendulum swing?
Mike Pappagalloon February 6, 2013
In formulating our views for the retail real estate market in 2013, I keep going back to the notion of a pendulum swinging. There’s reason to be both optimistic as well as cautious about nearly every issue and trend that could impact the industry this year.… Read More
Puerto Rico: A successful Kimco investment
Paul Pumaon April 23, 2013
In 2006, Kimco Realty acquired seven shopping centers in the Commonwealth of Puerto Rico. The commitment and efforts from our people assigned to these assets have shaped this portfolio into a very successful and stable investment.
A driving force behind the success of the Puerto Rico properties is the strong sales performance of many U.S.-based retailers on the island.… Read More
Why shopping center competition is cutting to the core
Ross Cooperon February 27, 2013
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
Kimco in the news: Q4 2012 recap
Dave Bujnickion January 15, 2013
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
Why Kimco and REITs are showing strong returns
Dave Bujnickion April 11, 2013
Kimco has put forth a concerted effort over the past several quarters to increase the quality of our portfolio through strategic acquisition, deposition, and redevelopment. Mad Money’s Jim Cramer invited Kimco on his show to talk about where we stand in our activities.… Read More
Kimco Realty finishes 2012 on a high note
Dave Bujnickion February 14, 2013
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
Dividend yields on REIT stocks attractive to income investors
Dave Bujnickion November 27, 2012
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