Focus on grocery-anchored centers, mixed-use assets and a solid balance sheet position bode well for Kimco Realty's (KIM) long-term growth.
Here are three prominent companies that exemplify the strengths of real estate income stocks: consistent dividends, financial performance and strategic growth potential. The first one on the list stands out, focusing on providing reliable and growing monthly dividends.
Marko Kolanovic predicts a stock market plunge of more than 20% to 4,200 by the end of the year. Historically, positive first-half returns for the S&P 500 lead to positive second-half returns, but election years tend to have worse results. Kimco Realty Corp. and Terreno Realty Corp. are undervalued REITs with growth potential in the strip mall and industrial sectors, offering income and dividend growth opportunities.
Kimco's (KIM) focus on grocery-anchored centers, mixed-use assets and a solid balance sheet augur well for long-term growth. However, surging e-commerce adoption and high interest rates are concerns.
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Kimco Realty Corporation experienced a short period of selling weakness, leading to an aggressive increase in position. The company saw strong lease activity and exhibited healthy dividend metrics, making it an attractive investment from a cash flow and dividend growth perspective. Kimco Realty's low pay-out variability and favorable leasing spreads make it a compelling buy for passive income investors.
These two real estate stocks have high yields and surprisingly strong businesses.