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
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 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
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 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
A growing number of institutional real estate investors, state and local governments, and other stakeholders are sharpening their focus on the sustainability performance of commercial properties. Two leading indicators of this trend are the rise in building energy benchmarking laws and the growth of the Global Real Estate Sustainability Benchmark (GRESB).… 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