The only consistent thing in retail real estate is change. Unlike other real estate sectors, the vibrant world of retail changes dramatically as new concepts pop up, existing concepts reinvent themselves, and outdated concepts fade away. And while change can sometimes be disruptive, we think it creates a great opportunity.… Read More
Redevelopment continues to be one of Kimco’s major value creation strategies. We are excited about our redevelopment pipeline that invests resources back into our real estate. The rewards of redevelopment go much further than the key metrics of value creation, solid returns on our investment, and higher occupancy rates.… 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.
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
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
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
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
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
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