Kimco Realty Stock Rises 31% in Six Months: What You Should Know
KIMKimco Realty(KIM) ZACKS·2024-11-13 01:51

Shares of Kimco Realty (KIM) have gained 30.9% in the past six months compared with its industry’s rally of 15.6%.This Jericho, NY-based retail real estate investment trust (REIT) is well-poised to benefit from its portfolio of premium shopping centers, 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.Last month, the company ...