Ever since the Global Industry Classification Standard (GICS) sector was established in 1999 to classify REITs, real estate REITs were lumped into the Financials Sector, along with banks, insurance, and other diversified financials.
Q3 was yet another strong quarter for Kimco. We moved ahead with our plan to focus on our U.S. properties by selling non-domestic shopping centers, we continued disposing of lower-tier assets, and we made significant headway with our $1.1 billion redevelopment pipeline.… Read More
Wrapping up a year marked by excellent operational metrics and valuable portfolio upgrades, Kimco closed 2014 on a high note. Our occupancy rates are now approaching historic highs and we are drawing our transformational strategy to a close as planned. We are proud to have delivered a 32.4 percent total shareholder return for the year, outperforming the RMZ, Dow Jones, and S&P 500 Indices.… Read More
Kimco set a course for 2020 and we’re off to a great start. Q1 was another strong quarter for Kimco, and its highlights show that we’re executing on every aspect of the 2020 Vision strategy. Though short-term earnings are very important, we have our sights set on creating long-term value for our shareholders and all employees.… Read More
Sometimes it’s called business as usual, but Kimco’s Q2 performance was really another step on our journey down the course we initially laid out in 2010.
Kimco continued our strategic initiatives in Q2 by redeveloping prime properties and capitalizing on the healthy disposition market to sell properties both in the U.S.… Read More
The string of terms chosen by analysts to describe Kimco’s third quarter hint at the strength of our operations for the period ending September 30th, during which we outperformed expectations and raised guidance for the year.
The investment community saw our increases from last quarter as indicative of steady core growth, and acknowledged that our FFO (funds from operations) exceeded estimates.… Read More
Over the past year, Kimco dramatically transformed its portfolio, focusing on its assets in the U.S., which we believe to be the market with the highest growth potential. We also presented our 2020 Vision, a five-year roadmap that lays the foundation for an even stronger, world-class portfolio.… Read More
In the first quarter of 2014, Kimco built on the momentum from a strong 2013 to begin shaping the year ahead. Our progress, achievements and groundbreaking initiatives have earned coverage in more than 250 national and regional media features already this year.… Read More