|Bid||0.00 x 4000|
|Ask||0.00 x 1200|
|Day's Range||19.93 - 20.45|
|52 Week Range||14.29 - 20.45|
|Beta (3Y Monthly)||0.64|
|PE Ratio (TTM)||25.06|
|Earnings Date||Oct 24, 2019|
|Forward Dividend & Yield||1.12 (5.49%)|
|1y Target Est||18.84|
Amid challenges in the retail real estate market, Federal Realty (FRT) is aimed at long-term value accretion through remerchandising, redevelopment efforts and proactive acquisitions of anchor leases.
Simon Property's (SPG) moves to bring iconic brands, emerging and digitally native ones to its malls likely to boost footfall by grabbing attention of tech-savvy shoppers valuing in-store experiences.
While Macerich's (MAC) moves to revamp its properties, leasing of co-working spaces and portfolio expansion will stoke the company's long-term growth, the e-retail boom might impede near-term growth.
Conor Flynn has been the CEO of Kimco Realty Corporation (NYSE:KIM) since 2016. This report will, first, examine the...
Kimco Realty Corp. (KIM) will announce its third quarter 2019 earnings on Thursday, October 24, 2019 before market opens. If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. Kimco Realty Corp. (KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers.
The public offering of 3.20% notes with $100-million aggregate principal amount will be issued under the same terms as the $300-million senior unsecured notes issued by Federal Realty (FRT) this June.
Efforts to redeem preference stock and reduce borrowings through proceeds raised from long-term notes reflect Kimco Realty's (KIM) focus to address its financial obligations efficiently.
The company intends to use the net proceeds from the offering of the notes, together with borrowings under the company’s revolving credit facility, to fund (i) the full redemption of the company’s 6.000% Class I Cumulative Redeemable Preferred Stock (Class I Preferred Stock), with an aggregate liquidation value of $175 million, and (ii) the full redemption of the company’s 5.625% Class K Cumulative Redeemable Preferred Stock (Class K Preferred Stock), with an aggregate liquidation value of $175 million. Pending the redemption of the preferred stock, the company intends to use the net proceeds from the offering for general corporate purposes, including to reduce borrowings (of which $135.0 million were outstanding as of June 30, 2019) under the company’s revolving credit facility.
Efforts to pay down line of credit and other borrowing with proceeds raised from senior unsecured notes reflects Regency Centers' (REG) focus to address its financial obligations efficiently.
Regency Centers' (REG) Q2 performance reflects year-over-year decline in lease income. Nonetheless, decent leasing activity and rent spreads aid its performance.
Though decent new and renewal leasing spreads witnessed by SITE Centers (SITC) in Q2 display strength in the company's portfolio, dilutive impact of the RVI spin-off continues to dent results.
Kimco Realty (KIM) delivered FFO and revenue surprises of 0.00% and 0.83%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
The Zacks Analyst Blog Highlights: Essex Property, Equity Residential, Federal Realty and Kimco Realty
While Digital Realty (DLR) will likely gain in Q2 from solid fundamentals of the industry and previous strategic acquisitions, aggressive pricing pressure remains a concern.
While Equity Residential's (EQR) Q2 performance will likely benefit from healthy rental housing demand that would support occupancy level, high supply might curb its pricing power.
Public Storage's (PSA) Q2 performance will likely reflect healthy demand and benefits from the company's acquisition and expansion initiatives, though supply has been rising in a number of its markets.
PS Business Parks' (PSB) Q2 performance reflects growth in Same-Park NOI, backed by growth in rental rates, as well as higher NOI from non-Same-Park and multi-family assets.