Kimco Realty Announces Partial Monetization of its Investment in Albertsons Companies, Inc.
Kimco Realty Corporation (HC) (KIM)
Last kimco realty corporation (hc) earnings: 1/30 07:30 am
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Source: Business Wire
– Company Expects to Receive its Allocable Share of Proceeds –– Kimco Will Subsequently Maintain a 7.5% Ownership Interest in Albertsons – JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that the company will partially monetize its investment in Albertsons Companies, Inc. (Albertsons) in conjunction with Albertsons’ $1.75 billion sale of convertible preferred stock.As outlined in the Albertsons announcement, the convertible preferred stock represents, on an as-converted basis, approximately 17.5% of pro forma common stock outstanding of Albertsons, with proceeds to be used to repurchase a portion of the common stock owned by Albertsons’ current shareholders. Kimco, which currently holds approximately a 9.29% ownership interest in Albertsons, expects to receive its allocable portion of the share repurchase and will s
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News
- Kimco Realty: The 6.45% Preferred Shares Remain Attractive [Seeking Alpha]Seeking Alpha
- Kimco Realty Corp (NYSE: KIM) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $20.00 price target on the stock, down previously from $24.00.MarketBeat
- Kimco Realty Corp (NYSE: KIM) had its price target lowered by analysts at Robert W. Baird from $23.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Kimco (KIM) Attains 2024 Disposition Target for Former RPT Assets [Yahoo! Finance]Yahoo! Finance
- Kimco Realty sells 10 former RPT properties for $248M in Q1 [Seeking Alpha]Seeking Alpha
KIM
Earnings
- 2/8/24 - In-Line
KIM
Sec Filings
- 4/9/24 - Form SC
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- KIM's page on the SEC website