Kimco: 4.2% Yield, Strong Coverage, Dividend Growth Potential
KIMKimco Realty(KIM) Seeking Alpha·2024-09-10 13:57
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  ...