Kimco Realty: A Reliable Shopping-Center REIT Providing A 5.1% Yield
KIMKimco Realty(KIM) Seeking Alpha·2024-03-21 23:00

arcady_31/iStock Editorial via Getty Images Kimco Realty Corporation (NYSE:KIM) is a well-managed real estate investment trust that is profiting from robust growth in rental rates in its metropolitan area- focused real estate portfolio. The REIT also has growing portfolio occupancy and in 4Q hiked its quarterly dividend pay-out to $0.24 per share. The shopping center trust’s yield, potential for dividend growth, a low pay-out ratio based on FFO and a compelling valuation all culminate in a Buy stock classif ...