2013 was a comeback year for the capital markets. While interest rates experienced periods of volatility in the second half, the capital markets digested this volatility and remained open and accessible at attractive levels. This momentum is carrying into 2014, and provides reason to be optimistic about the health of the capital markets this year.… 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

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

After joining some industry peers for a recent Bisnow Retail Real Estate Summit panel discussion in San Francisco, it appears the REIT industry has consensus on several important business challenges and opportunities in the Bay Area.

My fellow panelists were Jeff Berkes, President, West Coast for Federal Realty Investment Trust, and Eric Hohmann, Managing Director, Property Investments for Madison Marquette.… Read More

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’s recent offer of $225 million of perpetual preferred stock provides a clear indication of the state of the capital markets these days.

We were able to get the deal done at 5.50 percent, which is the lowest coupon ever issued by a REIT, and believed to be the lowest coupon ever for a perpetual preferred security of any kind.… Read More