Kimco (KIM) Attains 2024 Disposition Target for Former RPT Assets [Yahoo! Finance]
Kimco Realty Corporation (HC) (KIM)
Last kimco realty corporation (hc) earnings: 1/30 07:30 am
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Source: Yahoo! Finance
activity, marking a milestone in its strategic objectives for 2024. Particularly, the company achieved its disposition target for the current year with the sale of 10 former RPT Realty (“RPT”) properties for $248 million, showcasing a proactive approach to portfolio optimization. The disposition of these properties came as part of Kimco's efforts to align its portfolio with long-term investment goals. The company had prioritized the disposition of the centers because of their lower growth potential, higher risk profiles or need for significant capital requirements. The pricing for the 10 properties, totaling 2.1 million square feet of gross leasable area, equated to a blended in-place cap rate of around 8.5%. Moreover, as part of these sales, Kimco invested around $67 million under its Structured Investment program on seven of the properties. The company expects this strategic deployment of capital to generate a 10% blended return, reflecting its efficiency in identifying and capi
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KIM
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 Realty sells 10 former RPT properties for $248M in Q1 [Seeking Alpha]Seeking Alpha
- Kimco Realty® Announces First Quarter Transaction Activity Highlighted by the Sale of Ten Former RPT Properties for $248 Million [Yahoo! Finance]Yahoo! Finance
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