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Kimco Realty Corporation  (KIM)
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Price: $18.4700 $-0.10 -0.539%
Day's High: $18.72 Week Perf: -2.33 %
Day's Low: $ 18.44 30 Day Perf: 0.27 %
Volume (M): 2,262 52 Wk High: $ 22.84
Volume (M$): $ 41,775 52 Wk Avg: $19.24
Open: $18.72 52 Wk Low: $16.34



 Market Capitalization (Millions $) 12,377
 Shares Outstanding (Millions) 670
 Employees 606
 Revenues (TTM) (Millions $) 1,844
 Net Income (TTM) (Millions $) 363
 Cash Flow (TTM) (Millions $) -192
 Capital Exp. (TTM) (Millions $) 0

Kimco Realty Corporation
Kimco Realty Corporation, a Maryland corporation, is one of the nation's largest owners and operators of neighborhood and community shopping centers. The Company is a self-administered real estate investment trust ('REIT') and manages its properties through present management, which has owned and operated neighborhood and community shopping centers for over 45 years. The Company has not engaged, nor does it expect to retain, any REIT advisors in connection with the operation of its properties. As of February 6, 2006, the Company had interests in 1,046 properties, totaling approximately 135.5 million square feet of gross leasable area ('GLA') located in 44 states, Canada and Mexico. In addition, the Company manages 11 properties totaling 1.7 million square feet of GLA on behalf of third party owners.

The Company's executive offices are located at 3333 New Hyde Park Road, New Hyde Park, New York 11042-0020 and its telephone number is (516) 869-9000. Unless the context indicates otherwise, the term the 'Company' as used herein is intended to include subsidiaries of the Company.


During 1998, the Company, through a merger transaction, completed the acquisition of The Price REIT, Inc., a Maryland corporation, (the 'Price REIT'). Prior to the merger, Price REIT was a self-administered and self-managed equity REIT that was primarily focused on the acquisition, development, management and redevelopment of large retail community shopping center properties concentrated in the western part of the United States. In connection with the merger, the Company acquired interests in 43 properties, located in 17 states. With the completion of the Price REIT merger, the Company expanded its presence in certain western states including California, Arizona and Washington. In addition, Price REIT had strong ground-up development capabilities. These development capabilities, coupled with the Company's own construction management expertise, provide the Company, on a selective basis, the ability to pursue ground-up development opportunities.


The Company has expanded its management business through the establishment of other various institutional joint venture programs in which the Company has non-controlling interests ranging from generally 5% to 30%. The Company earns management fees, acquisition fees, disposition fees and promoted interests based on value creation.

Investment and Operating Strategy The Company's investment objective has been to increase cash flow, current income and, consequently, the value of its existing portfolio of properties, and to seek continued growth through (I) the strategic re-tenanting, renovation and expansion of its existing centers and (II) the selective acquisition of established income-producing real estate properties and properties requiring significant re-tenanting and redevelopment, primarily in neighborhood and community shopping centers in geographic regions in which the Company presently operates. The Company will consider investments in other real estate sectors and in geographic markets where it does not presently operate should suitable opportunities arise.

The Company's neighborhood and community shopping center properties are designed to attract local area customers and typically are anchored by a discount department store, a supermarket or a drugstore tenant offering day-to-day necessities rather than high-priced luxury items. The Company may either purchase or lease income-producing properties in the future, and may also participate with other entities in property ownership through partnerships, joint ventures or similar types of co-ownership. Equity investments may be subject to existing mortgage financing and/or other indebtedness. Financing or other indebtedness may be incurred simultaneously or subsequently in connection with such investments. Any such financing or indebtedness will have priority over the Company's equity interest in such property. The Company may make loans to joint ventures in which it may or may not participate.

Competition As one of the original participants in the growth of the shopping center industry and one of the nation's largest owners and operators of neighborhood and community shopping centers, the Company has established close relationships with a large number of major national and regional retailers and maintains a broad network of industry contacts. Management is associated with and/or actively participates in many shopping center and REIT industry organizations. Notwithstanding these relationships, there are numerous regional and local commercial developers, real estate companies, financial institutions and other investors who compete with the Company for the acquisition of properties and other investment opportunities and in seeking tenants who will lease space in the Company's properties.




   Company Address: 500 North Broadway, Suite 201 Jericho 11753 NY
   Company Phone Number: 869-9000   Stock Exchange / Ticker: NYSE KIM
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
SPG        1.03% 
VNO   -3.93%    
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Kimco Realty Corporation

Kimco Realty Corporation Dominates Retail Sector with Impressive Revenue Growth

Kimco Realty Corporation, a well-known real estate investment trust (REIT) and a major player in the retail sector, recently made headlines with the successful divestment of ten former RPT Realty properties. The company reported a revenue increase of 13.742% in the most recent fiscal period, reaching $503.75 million. Despite this positive growth, Kimco slipped into a loss with a reported loss per share of $-0.03.
Comparing Kimco's performance to its industry peers, the company's revenue improvement in the first quarter of 2024 outperformed the average 2.31% business advance reported by other Real Estate Investment Trusts in the same period. However, when looking at the numbers from the preceding quarter, revenue increased by 11.548% from $451.60 million, while earnings per share fell from $0.22 to -$0.03.

Business Update

Kimco Realty's Strategic Portfolio Reshaping Yields $248 Million in Property Sale proceeds

Published Wed, Mar 27 2024 10:50 AM UTC

Kimco Realty, a renowned real estate investment trust (REIT) and a leading player in the retail sector, recently completed a successful transaction by divesting ten former RPT Realty properties. With an aggregate sale price of $248 million, this move aligns with Kimco Realty's long-term investment goals and signifies the company's strategic focus on optimizing its portfolio....

Kimco Realty Corporation

Kimco Realty Corporation Reports Record Profit Growth in Latest Financial Update

Kimco Realty Corporation, based in Jericho, New York, is North America's largest publicly listed owner and operator of open-air, grocery-anchored shopping centers. The company recently reported positive financial results for the financial interval ending December 31, 2023. Kimco Realty Corporation's profits turned positive at $0.22 per share, as compared to a loss of $0.08 per share a year ago. Furthermore, earnings per share surged by 19.91% from $0.18 per share in the previous quarter.
In terms of revenue, Kimco Realty Corporation experienced slight growth of 2.676% to $451.60 million, compared to $439.83 million in the corresponding quarter a year ago. Sequentially, revenue also increased by 1.242% from $446.07 million. The company's net margin rose to 31.47% in the financial interval ending December 31, 2023, and operating margin edged up to 37.33%. Operating earnings rose by 16.56% to $168.578 million.

Merger and Acquisition

Kimco Realty Expands Dominance in Retail Market with Acquisition of RPT Realty

Published Tue, Jan 2 2024 1:46 PM UTC

Kimco Realty Expands its Dominance in the Retail Market with Acquisition of RPT Realty
Jericho, N.Y. - In a major move that solidifies its position as North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, Kimco Realty has successfully completed its acquisition of RPT Realty. This strategic partnership welcomes 56 open-...

Product Service News

Kimco Realty Shines as a Leader in Sustainable Retail Practices While Surpassing Competitor Growth

Published Thu, Nov 16 2023 11:50 AM UTC


Sustainability Initiatives and Impact:
Kimco Realty has made substantial strides in implementing sustainable practices throughout its portfolio, making it a leader in the industry. The company has invested in energy-efficient technologies, reduced its carbon footprint, and implemented water conservation measures, among other initiatives.
With a growing portfolio...






 

Kimco Realty's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Kimco Realty does not provide revenue guidance.

Earnings Outlook
Kimco Realty Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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