Kimco Realty: A Reliable Shopping-Center REIT Providing A 5.1% Yield
Kimco Realty(KIM) Seeking Alpha·2024-03-21 23:00
arcady_31/iStock Editorial via Getty ImagesKimco 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 class ...