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
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
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
Despite the economic challenges that have continued to impact the retail real estate industry this year, we’ve also experienced positive developments that have strengthened our businesses, reduced some concerns, and given us optimism about continued growth in 2014. This upward momentum has impacted organizations throughout the industry — REITs, retailers, and institutional investors alike.… Read More
Economic recovery has moved forward in a range of areas across the U.S. But one MSA that has continued to cement its foothold faster than others is Seattle-Tacoma-Bellevue.… Read More
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
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
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