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Kimco Realty Corporation (KIM-PL)
NYSE - NYSE Delayed Price. Currency in USD
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Today, Citibank raised its target from $18 to $20!
I loved Kimco when it was below book. That was a gem of a purchase. Cheap Bricks and "A" Locations is a pretty good combo. Today Kimco is better than most REITS and I am still shooting for a $20 exit price.
Kimco should sell some non core assets.
Senior management really worse than
Ted Cruz and Mark Rubio, working in the Senate.
Another example of excessive management compensation. Is the CEO worth 3.9 million? Disgraceful.
Bought more. Now have 51408 shares at avg 11.92. Wish I could have bought some Friday but ran out of cash. Pays decent dividends while the stock will appreciate in the coming weeks esp after the fiscal stimulus agreement. 17 by year end.
Is KIM the first neighborhood shopping center company to deploy those AI robots called Roameos from AITX? Makes the parking lots much safer. Cool.
Kimco boosts term loan by $215M
Apr. 24, 2020 4:09 PM ET|About: Kimco Realty Corporation (KIM)|By: Liz Kiesche, SA News Editor
Kimco Realty (NYSE:KIM) exercises the accordion feature on its previously announced $375M unsecured term loan facility, bringing total borrowings under the facility to $590M.
The company can boost the amount again, by as much as $535M to more than $1.1B.
The term loan is scheduled to mature April 2021, extendable at Kimco’s option for one year until April 2022.
With more than $900M of cash on the balance sheet and $1.3B available under its unsecured revolving credit facility, Kimco has more than $2.2B of immediate liquidity.
Interest on the term loan borrowings accrues at a spread (currently 1.400%) to LIBOR or, at the company’s option, a spread (currently 0.400%) to the base rate defined in the Credit Agreement, that in each case fluctuates in accordance with changes in Kimco’s senior debt ratings.
I have a quick question for long time Kim holders. When you ;look at the max chart here on yahoo something happend around August 2008 that cause the stock price to dive to around 7.90. The dive was dramatic even when compare to Market performance that year. I cannot find any explanation as to what drove this event. Does anyone have any information . Thanks in advance
Top Bullish Charts for October 2020 💰💵📈
Thinking both $KIM and $MAC are good for holding here. Just a matter of time, meanwhile dividends.
Crossing below $9 is another add. People today Kimco is trading around 75% of Book.
That is a REIT, we are talking Depreciated Book. Do you guys understand that the current
price represents not only zero appreciation for the past decades, but also a steep discount
to the actual cost. All the depreciation taken on these properties has been deducted from
Book. You are pricing Kimco at Land Value or less, when you factor in their Alberstons Stake.
This is an easy buy and wait until senses come back.
Why does this stock and other REITs trade with such volatility. Who are these short term traders? The underlying business of REITs moves at the speed of a turtle, yet the stock trades around like the business is very dynamic and changes from day to day. First the traders sold it because brick and mortar was going to die. Then they sold it because interest rates were going to rise. It is becoming clear that real estate that is in great locations will survive and thrive and you need to look no further than the demand that will be created from Amazon's new HQs. In addition, interest rates have moderated and it is pretty clear that the Fed will slow down if not pause on the its interest rate increases. In addition, Kimco has done a great job selling locations that aren't going to be premium properties and reinvesting in premium properties that have a lot of upside with new entitlements, mixed use development and opportunities to bring below market leases up to market rates. This doesn't have to be so hard. For those who look deeper than an inch and have a forward looking investment approach this is a great asset to accumulate.
Albertson's filing for IPO @ $19 billion valuation. Anybody know how much Kimco owns and what value would go to Kimco?
Earnings were suppose to indicate a downward trend just like the share price over the last 6 months.
But instead of lowering guidance for 2018 they actually raised it.
Management is sticking to their game plan of re-positioning their
assets and it appears to be right on track.
Other than the share price...what's not to like?
Best day to buy. Day it goes X always down 3 percent or so on X day. This is a 20 stock all day
??? Down ???
Kimco has a portfolio of high quality real estate. The dividend is safe and the rents will rise especially in an economic boom. New supply is constrained. The new tax law should increase demand for REITs. The fundamentals are just better than the stock price is reflecting. So, it will be really interesting to see what this stock price will be in a year, in 2 years and in 5 years? Buying now is going against the crowd, but buying low provides high future returns.
This is such a great play. KIM went down 60% which is in-line with EAT and other restaurant REITs. The difference is KIM is grocery store anchored in prime locations. Way undervalued.....taking a conservative 25% haircut for lost small business rent, getting to $15 per share is an easy call. Buy Buy Buy!!!
Moody's report and technicals help explain today's action - closing in 10.30-s important as it would push KIM up into next trading range.
Kimco Realty Corporations (NYSE- KIM, Kimco) Baa1 senior unsecured debt rating reflects the solid and steady performance of its shopping center portfolio and strong liquidity position. The challenging retail environment and the REIT's elevated net debt + preferred to EBITDA ratio are some other important considerations. Its modest fixed charge coverage reflects the meaningful proportion of long-dated debt and perpetual preferred securities in the capital structure and pending income realization related to ongoing development/redevelopment projects. Some Kimco tenants will be meaningfully affected by the social distancing and store closure guidelines such that their ability to pay rent will be compromised. The REIT is well-equipped to work with its tenants due to its liquidity position and the meaningful proportion of rent-paying tenants who provide essential goods and services such as grocers and drug stores.
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