Kimco Realty® Announces First Quarter Transaction Activity Highlighted by the Sale of Ten Former RPT Properties for $248 Million
Kimco Realty Corporation (HC) (KIM)
Last kimco realty corporation (hc) earnings: 1/30 07:30 am
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Source: Business Wire
– Achieves 2024 RPT Disposition Target Ahead of Schedule –– New Investment Activity Expected to Outpace Dispositions for Remainder of 2024 – JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty® (NYSE: KIM) today announced the disposition of ten former RPT Realty (RPT) properties for an aggregate price of $248 million. These centers did not fully align with the company’s long-term investment goals. Pricing for the ten properties equated to an approximately 8.5% blended in-place cap rate. As part of these sales, Kimco invested approximately $67 million under its Structured Investment program on seven of the properties and expects to earn a 10% blended return on these investments. With these sales, the company has achieved its 2024 disposition target for former RPT properties.“We are very pleased to have completed, ahead of schedule, the sales of the former RPT properties we identified in our underwriting. These centers, which were primarily power centers, were prioritized for disposition du
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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