Bolstered by a healthy retail sector and a corporate strategy with proven results, Kimco has reported very favorable earnings for the second quarter of 2014. Strong financial and operational returns in the period ending June 30 reveal a company that is successfully capitalizing on current opportunities while reinforcing its potential for long-term growth.… 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 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
Kimco’s fourth-quarter and full-year results show a company that is in the sweet spot of supply and demand.
In the U.S., more than 81,000 stores are expected to open over the next two years (a five-year high), while new shopping center construction has hit a 35-year low. … 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
At the beginning of this year, we wrote about the 12 trends we thought the retail real estate market should be watching in 2012. Now that Q1 and Q2 are in the books, we wanted to take a fresh look at those trends, and reflect on how they’re playing out and where they’re heading as we continue to move forward in 2012.… 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
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