Kimco Realty Corporation (KIM) |
|
Price: $19.1100
$0.23
1.218%
|
Day's High:
| $19.18
| Week Perf:
| -1.24 %
|
Day's Low: |
$ 18.83 |
30 Day Perf: |
-3.34 % |
Volume (M): |
5,127 |
52 Wk High: |
$ 22.84 |
Volume (M$): |
$ 97,967 |
52 Wk Avg: |
$19.21 |
Open: |
$18.87 |
52 Wk Low: |
$16.34 |
|
|
Market Capitalization (Millions $) |
11,789 |
Shares
Outstanding (Millions) |
617 |
Employees |
606 |
Revenues (TTM) (Millions $) |
1,783 |
Net Income (TTM) (Millions $) |
666 |
Cash Flow (TTM) (Millions $) |
634 |
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 |
|
|
Kimco Realty Corporation
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
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
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...
|
Dividend
Published Mon, Nov 13 2023 9:30 PM UTC
Kimco Realty Declares Special Dividend in Response to REIT Distribution Requirements JERICHO, N.Y. - Kimco Realty (NYSE: KIM) has announced the declaration of a one-time, special dividend of $0.09 per share of common stock, specifically to meet its distribution requirements as a Real Estate Investment Trust (REIT). This special dividend will be paid in cash on December 2...
|
Kimco Realty Corporation
Kimco Realty Corporation, a prominent Real Estate Investment Trusts (REITs) company, showcased impressive income growth and a marginal increase in revenue during the third quarter of 2023. Despite this, the company's business growth fell short compared to its industry peers, with a growth rate of 6.20% from the same quarter in 2022. Nonetheless, Kimco Realty Corporation experienced a significant advancement of 125% in income per share, amounting to $0.18 per share. Revenue also saw a slight uptick of 2.922% to reach $446.07 million, compared to the previous year's third quarter. Comparing the current quarter to the preceding reporting period, Kimco Realty Corporation observed a growth of 12.5% in income per share, up from $0.16 per share. Revenue also increased by 0.728%, rising from $442.84 million. These figures indicate a steady upward trend for the company in terms of income and revenue.
|
Per Share |
Current |
Earnings (TTM) |
1.02 $ |
Revenues (TTM) |
2.89 $
|
Cash Flow (TTM) |
1.03 $ |
Cash |
0.54 $
|
Book Value |
15.65 $
|
Dividend (TTM) |
1.3 $ |
|
Per Share |
|
Earnings (TTM) |
1.02 $
|
Revenues (TTM) |
2.89 $ |
Cash Flow (TTM) |
1.03 $ |
Cash |
0.54 $
|
Book Value |
15.65 $ |
Dividend (TTM) |
1.3 $ |
|
|
|
|