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

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 Realty Corp. turned in another strong performance in the third quarter. We made steady progress toward our key objectives and saw continued improvement across our shopping center portfolio, both in terms of our operating metrics and strong retailer demand for space.… Read More

NATIONAL ANCHORS: Safeway is one the anchors at Marketplace at Factoria, in addition to Walmart, Target, Nordstrom Rack, and several other national and regional retailers

NATIONAL ANCHORS: Safeway is one of the anchors at Marketplace at Factoria, in addition to Walmart, Target, Nordstrom Rack, and several other retailers

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

The affluent town of Wilton, Conn., is home to Kimco’s latest acquisition, Wilton River Park. Kimco has acquired the remaining property on the 283,000-square-foot complex, after purchasing the Wilton Campus Shops portion in August 2012.

Kimco_Park

Wilton River Park comprises 20 acres of premier office and retail properties in Lower Fairfield County, a region known as Connecticut’s “Gold Coast” for its wealthy residents and upscale culture.… Read More

The next MSA I want to highlight in our Market Profile series is Charlotte, N.C. We started investing in the Charlotte-Gastonia-Rock Hill MSA in 1968 and have acquired 854,391 square feet of leasable space across seven properties. Charlotte is showing strong economic activity and solid growth projections, which is why it’s one of the 31 MSAs in which Kimco invests.… Read More

Many real estate professionals associate ancillary income with only malls and lifestyle centers, believing that kiosks and temporary tenants can only thrive in those environments.

However, the strip shopping center environment is also ripe with ancillary income opportunities — including many that are permanent and generate a long-term impact on NOI.… 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

Words like “solid,” “steady,” “strong.” That’s how some analysts described Kimco’s second quarter 2012 earnings results. We couldn’t agree more.

Last quarter, we said the best word to describe our performance was “momentum.” Well, our momentum certainly has continued. If anything, it’s gotten even stronger.… Read More