Shopping center owner Kimco is trying to help its smaller tenants pay rent, stay in business [MSNBC.com]
Kimco Realty Corporation (HC) (KIM)
Last kimco realty corporation (hc) earnings: 1/30 07:30 am
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Source: MSNBC.com
The Little Neck Plaza in Little Neck, NY owned by Kimco Realty.Google EarthA major shopping center owner in the U.S. has taken matters into its own hands to try to help small business owners get access to funds from the federal government and from states that can help them pay rent.coronavirusCurrently, the TAP pilot is in California and Florida. Kimco said it plans to roll out the program to other states over the next few days.The launchfollows a frenzied rushThe government's $350 billion loan programsmall businesses"We were nervous about time. We are not ones to wait for the government. We figured we had to act quickly," Kimco CEO Conor Flynn told CNBC in an interview."We recognized early on, that the big national retailers ... they need to pay their rents," Flynn explained, mentioning names likeTargetHome DepotCostco"The small mom-and-pops are the ones in the trenches," the CEO said. "We knew they needed access to capital quickly."Kimco said it is working with various law firms to
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News
- Federal Realty Investment beats Q1 revenue estimates, raises FFO forecast [Yahoo! Finance]Yahoo! Finance
- Kimco (KIM) Beats Q1 FFO & Revenue Estimates, Revises Outlook [Yahoo! Finance]Yahoo! Finance
- Kimco Realty (KIM) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Kimco raises annual FFO forecast on strong leasing demand [Reuters]Reuters
- Kimco raises annual FFO forecast on strong leasing demand [Yahoo! Finance]Yahoo! Finance
KIM
Earnings
- 5/2/24 - Beat
KIM
Sec Filings
- 5/3/24 - Form 10-Q
- 4/9/24 - Form SC
- 3/25/24 - Form ARS
- KIM's page on the SEC website