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 ...

JERICHO, N.Y., Sept. 09, 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 the company achieved an ‘A-’ credit rating with a stable outlook from Fitch Ratings (“Fitch”), making it one of just 12 publicly-listed U.S. REITs with a credit rating of ‘A-’ equivalent or better. In its public announcement, Fitch noted “Ki ...

buzbuzzer Kimco Realty Corporation (NYSE:KIM), incorporated in 1958 and headquartered in Jericho, NY, is a self-administered REIT that primarily owns, acquires, redevelops, and manages grocery-anchored shopping centers in markets all over the country. The market dynamics are interesting and provide value investors with a good hunting ground for opportunities, but Kimco Realty doesn't seem like one. Though its investment-grade balance sheet, strong liquidity, and relatively good recent performance are at ...

文章核心观点 - 公司宣布已修改并扩大其无担保定期贷款至5.5亿美元,用于管理债务到期和进行战略性投资[1] - 公司与多家银行签订了该贷款协议,包括担任行政代理的Toronto Dominion (Texas) LLC,以及其他牵头安排行和代理行[2] - 公司是一家房地产投资信托基金(REIT),专注于拥有和运营高质量的开放式购物中心和综合性房地产,在美国主要大都市圈的郊区和快速发展的日光城市有大量资产[3] 根据目录分类总结 公司概况 - 公司是一家房地产投资信托基金(REIT),专注于拥有和运营高质量的开放式购物中心和综合性房地产[3] - 公司的资产主要集中在主要大都市圈的第一环郊区,包括进入壁垒高的沿海市场和快速发展的日光城市[3] - 公司的租户组合主要集中在必需品和日常服务,能够带来多次购物[3] - 公司自1991年在纽交所上市,并被纳入标普500指数,在购物中心的所有权、管理、收购和价值提升改造方面有60多年的专业经验[3] 公司动态 - 公司宣布已修改并扩大其无担保定期贷款至5.5亿美元,用于管理债务到期和进行战略性投资[1] - 公司与多家银行签订了该贷款协议,包括担任行政代理的Toronto Dominion (Texas) LLC,以及其他牵头安排行和代理行[2] - 公司还与银行签订了利率掉期协议,将新增贷款的利率固定在4.3175%[1]

SweetBabeeJayKimco Realty (NYSE:KIM) has been on a sustained rally since mid-June, when it hit a low due to a market comedown from previously buoyant expectations that the Fed would be extremely aggressive with rate cuts in 2024. This was a period when the probability that the Fed would keep rates unchanged for much of 2024, represented by grey, ramped up exponentially. It's now August and expectations have reverted with the Fed likely to begin rate cuts at its September 18th FOMC meeting. The CME FedWa ...

Shares of Kimco Realty (KIM) have gained 17.2% in the past three months compared with its industry’s rally of 13.3%.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.This month, ...

JERICHO, N.Y., Aug. 13, 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 the publication of its fourth Green Bond Report, outlining the use of the net proceeds and the associated estimated environmental impact of the company’s inaugural green bond, issued in July of 2020. The $493.7 million in net proceeds from th ...

公司概况 - 公司是北美最大的公开交易的开放式购物中心业主和运营商，拥有多元化的资产组合[263,264] - 公司通过并购RPT Realty进一步扩大了其购物中心资产组合，新增56个开放式购物中心[267,268] 经营挑战 - 公司面临通胀风险、流动性约束、员工短缺、租户破产和供应链中断等经济问题[269,270] - 公司的长期租约包含有助于缓解通胀影响的条款,如销售额百分比租金和指数化租金调整条款[271] 财务表现 - 公司2024年第二季度和上半年的净收入分别为1.118亿美元和9286.1万美元[276][278] - 2024年第二季度和上半年每股摊薄收益分别为0.17美元和0.14美元[277][278] - 2024年第二季度和上半年租金物业净收入分别增加5721.3万美元和11778万美元,主要由于并购RPT公司带来的收入增加[280][281] - 2024年第二季度和上半年房地产税分别增加856.1万美元和1441.5万美元,主要由于并购RPT公司带来的增加[282] - 2024年第二季度和上半年运营维护费分别增加1267.6万美元和2320.8万美元,主要由于并购RPT公司带来的增加[283][284] - 2024年上半年计提2520.6万美元并购费用[285] - 2024年第二季度和上半年折旧摊销费分别增加1890.3万美元和4732.1万美元,主要由于并购RPT公司带来的增加[287][288] - 优先股股息增加3.5百万美元，主要由于与RPT合并发行了N类优先股[45] 租户情况 - 公司的五大租户分别为TJX Companies、The Home Depot、Ross Stores、Amazon/Whole Foods和Albertsons，占公司年化基础租金收入的3.8%、1.8%、1.8%、1.8%和1.7%[297] - 2024年上半年共签署845份租约,新租约平均租金为22.45美元/平方英尺,续租和选择权平均租金为19.02美元/平方英尺[361] - 公司2024年6月30日的租约到期情况,2025年到期的租约占总租金的10.1%,2026年到期的租约占13.2%,2027年到期的租约占13.6%[362] 资金来源 - 公司可动用的资本来源包括公开债务和股权资本市场、无担保定期贷款、抵押贷款和建设贷款融资以及2.0亿美元的无担保循环信贷额度[298] - 公司在2023年1月设立了500亿美元的股票发行计划,可用于满足公司的一般性资金需求[315][319] - 公司获得了一项新的20亿美元无担保循环信贷额度,该额度与可持续发展指标挂钩,利率为调整后的SOFR加77.5个基点,并可根据公司的信用评级进行调整,截至2024年6月30日,该信贷额度的未偿余额为2.2亿美元[326] 债务管理 - 公司的无担保债券契约中包括资产负债率、有担保债务率、债务服务覆盖率和无担保债务比率等财务指标要求,公司目前均符合要求[322] - 公司在2024年6月30日前全额偿还了4.45%利率的2.462亿美元无担保债券、3.64%-4.74%利率的5.115亿美元无担保债券和2.7%利率的4亿美元无担保债券[324][325] - 公司在2024年1月和7月分别新增了2亿美元和3亿美元的无担保定期贷款,并与多家银行签订了利率掉期协议,将利率固定在4.572%-4.781%之间[329][330] - 公司在2024年6月30日前偿还了11.8百万美元的抵押贷款[332] 资本利得 - 公司在2024年上半年出售了其持有的ACI公司1420万股普通股,获得净收益2.991亿美元,实现了2.887亿美元的长期资本利得[334] 现金流 - 2024年上半年经营活动产生的净现金流为4.702亿美元,较2023年同期的6.003亿美元减少1.301亿美元[301] - 2024年上半年投资活动使用的净现金流为1.053亿美元,主要包括出售证券收到3.008亿美元、出售物业收到7.03亿美元等[302][303] - 2024年上半年筹资活动使用的净现金流为11.158亿美元,主要包括偿还12亿美元无担保债券、3.1亿美元无担保定期贷款等[308][309] - 公司计划2024年剩余时间内用于收购和改善物业的资本支出为1亿美元至1.75亿美元[305][307] 利率风险管理 - 公司有21份利率掉期合约,名义金额合计5.10亿美元,用于减少浮动利率债务的利率风险[364] - 公司2024年至2028年期间有320.3亿美元的有担保定息债务,平均利率在3.50%至4.50%之间[366][367] - 公司有17.2亿美元的有担保浮动利率债务,平均利率为6.63%[368] - 公司有7,123.1亿美元的无担保定息债务,平均利率在2.57%至4.23%之间[369] - 公司有214.2亿美元的无担保浮动利率债务,平均利率为6.19%[370] - 如果短期利率上升1%,公司2024年上半年的利息费用将增加1.2百万美元[371] 财务指标 - 公司的财务指标包括:总债务占总资产价值比率不超过60%、优先债务占总资产价值比率不超过35%、无担保资产净经营收入对总无担保利息费用比率不低于1.75倍、固定收费总调整后EBITDA对总债务服务比率不低于1.5倍,截至2024年6月30日公司均符合这些财务指标[327] 业绩指标 - 公司

Kimco Realty Corp. (KIM) reported second-quarter 2024 funds from operations (FFO) per share of 41 cents, which beat the Zacks Consensus Estimate of 40 cents. The reported figure grew 5.1% from the year-ago quarter’s tally.Though Kimco reported growth in revenues, a rise in interest expenses acted as a dampener.This retail REIT clocked in revenues of $500.2 million, which topped the consensus mark of $496.9 million. Moreover, the figure improved 13% year over year.According to Conor Flynn, CEO of Kimco, "Our ...