Investors might want to bet on Kimco Realty (KIM) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The ...

文章核心观点 - 公司收购了佛罗里达州奥兰多的Waterford Lakes Town Center,总价3.22亿美元,包括承担1.64亿美元的抵押贷款 [1] - 该收购增强了公司在奥兰多市场的地位,将其在该市场的资产组合扩大到18个中心,总建筑面积超过400万平方英尺 [1] - Waterford Lakes Town Center是一个占地79英亩、建筑面积97.6万平方英尺的高品质购物中心,目前出租率接近99% [1] - 该购物中心位于奥兰多高端的西大学次区域,周边5英里范围内有超过22.8万人口,平均家庭收入11.1万美元,是一个快速增长的大都市区 [2] - 该购物中心每年吸引1,360万人次到访,拥有多个知名连锁店作为主要客流来源 [2] - 公司期望通过自身的运营平台和与租户的深厚关系,进一步提升该购物中心的增长潜力,包括收回低于市场水平的租约以及优化商业组合 [2] 公司指引调整 - 由于收购Waterford Lakes,公司预计2024年总收购和结构性投资将达到5.65-6.25亿美元,高于之前的3-3.5亿美元 [3] - 同时,2024年的资产处置预计将在2.5-3亿美元之间,低于之前的3-3.5亿美元 [3] 行业表现 - 公司的优质购物中心组合,主要为以食品超市为主的露天购物中心,位于主要大都市圈的近郊区,在经济下行期表现较为稳定 [4] - 公司专注于开发混合用途资产,有利于长期增长 [4] - 公司股价在过去6个月内上涨23%,超过行业17.1%的增幅 [4]

文章核心观点 - 公司收购了佛罗里达州奥兰多市的Waterford Lakes Town Center,这是一处占地79英亩、建筑面积为976,000平方英尺的大型购物中心 [1] - 该购物中心位于奥兰多市高端的西大学区,周边人口众多、收入水平较高,年客流量达1,360万人次,是佛罗里达州最受欢迎的购物目的地之一 [2][3] - 该购物中心拥有优质的租户组合,包括佛罗里达州最受欢迎的Super Target超市、TJ Maxx、Ross Dress for Less等知名品牌 [3] - 公司计划通过提升租金水平和优化商业组合,进一步提升该购物中心的价值 [3][4] - 该收购是公司在2024年的一系列收购活动中的重要一环,预计全年收购和结构性投资总额将达到5.65亿至6.25亿美元 [5][6] 公司概况 - 公司是一家房地产投资信托基金(REIT),专注于高质量的开放式购物中心和综合性物业的所有和运营 [7] - 公司的资产主要集中在主要大都市区的第一环郊区,包括高壁垒沿海市场和快速发展的日光带城市 [7] - 公司的租户组合主要集中在必需品和日常服务类商户,能够带来频繁的客流量 [7] - 公司在购物中心的所有权、管理、收购和价值提升方面拥有60多年的经验 [7] 行业概况 - 零售行业正面临电子商务和消费者购物习惯变化的挑战,对购物中心的需求和定位产生影响 [9][10] - 公司需要应对通胀和供应链中断带来的运营成本上升等风险 [10] - 公司还需要应对自然灾害、疫情等外部冲击,以及网络安全攻击等新兴风险 [10]

Shares of Kimco Realty (KIM) have soared 25.9% in the past three months compared with its industry’s rally of 17.2%.This Jericho, NY-based retail real estate investment trust (REIT) is well-poised to benefit from its portfolio of premium shopping centers, which are predominantly grocery-anchored, in the drivable first-ring suburbs within key major metropolitan Sunbelt and coastal markets. Its focus on developing mixed-use assets and a healthy balance sheet position bode well for long-term growth.Analysts se ...

Melpomenem The yield curve is bouncing around quite rapidly these days, with constantly moving speculation on when and how much more the Fed will cut. The curve has successfully uninverted, making the treasury market start to look somewhat normal/healthy. However, there is still quite a bit of chaos in the rest of fixed income. Spreads are all over the place, with mispricing facilitating the capture of outsized yield along with substantial capital appreciation potential in the move back to par. This article ...

JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty Corporation (NYSE: KIM) (the “Company”) today announced that its subsidiary, Kimco Realty OP, LLC (“Kimco OP” and, together with the Company, “Kimco”), has priced a public offering of $500 million aggregate principal amount of 4.850% notes due 2035 (the “notes”) with an effective yield of 4.873%, maturing March 1, 2035. The notes will be fully and unconditionally guaranteed by the Company. The offering is expected to settle on September 16, 2024 ...

JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced that S&P Global Ratings (“S&P”) revised its rating outlook for KIM to ‘Positive’ from ‘Stable’ and affirmed the Company’s ratings, including the ‘BBB+’ Issuer Credit Rating. In its public announcement, S&P noted “The positive outlook reflect ...

JERICHO, N.Y., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) will announce its third quarter 2024 earnings on Thursday, October 31, 2024, before market open. You are invited to listen to our quarterly earnings conference call. The webcast information is as follows: When: 8:30 AM ET, October 31, 2024 Live Webcast: 3Q24 Kimco Realty Earnings Conference Call or on Kimco Realty’s website investors.kimcorealty.com Dial #: 1-888-317-6003 (International: 1-412-317-6061). Passcode: 1893940 Audio from ...

Kimco Realty (KIM) recently announced that the retail real estate investment trust (REIT) secured an ‘A-’ credit rating with a stable outlook from Fitch Ratings. This achievement positions the company among only 12 publicly-listed U.S. REITs that hold a credit rating of ‘A-’ or higher.Kimco's rating is a testament to the long-term stewardship of its proficient management teams and the effective oversight of its board, which have enabled the company to thrive through many commercial real estate cycles.Its po ...

amriphoto The stock price of Kimco Realty Corporation (NYSE:KIM) has surged since July, indicating that passive income investors have warm up again to shopping center-focused real estate investment trusts. Kimco Realty is growing its net operating income and funds from operations, and the portfolio has strong lease metrics as well, particularly with respect to occupancy and rents. I think that Kimco Realty offers passive income investors a very high quality 4.2% dividend yield that has a high margin of ...