Kimco Realty is upgraded to Buy, now offering a 5.1% dividend yield and trading below intrinsic value. KIM's latest report featured raised guidance, a 4% dividend hike, and robust fundamentals with a 95.7% occupancy rate and A- credit rating. The REIT's payout ratio is a conservative ~77.9% of AFFO, with well-staggered debt maturities and strong tenant diversification supporting stability.
KIM secures a rating upgrade to A3, enhancing its credit strength and easing future borrowing as it advances growth plans.
Kimco Realty Corporation (KIM) is a stable REIT with a $19.8B asset base and a $13.73B market cap, holding 564 properties. KIM maintains investment-grade credit ratings (Moody's: Baa1, S&P: A-, Fitch: A-) due to strong asset coverage, low secured debt, and robust interest coverage. Preferred stocks KIM.PR.L and KIM.PR.M trade below par, offer yields above 6%, and are callable anytime, with investment-grade ratings from major agencies.
KIM posts solid Q3 results, with higher FFO per share and revenues, boosted by rising rents and occupancy and lifts its dividend and 2025 FFO per share outlook.
While the top- and bottom-line numbers for Kimco Realty (KIM) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
While a healthy retail real estate market and focus on developing mixed-use assets are likely to aid KIM's Q3 earnings, high interest expenses may have hurt it.
Kimco Realty delivered strong results, with 7.3% FFO growth YoY, record-high ABR, and robust rent spreads supporting organic growth. KIM's balance sheet remains resilient, featuring 99.8% fixed-rate debt, A- credit ratings, and well-staggered maturities, positioning it well for potential rate cuts. Macro tailwinds like expected interest rate cuts could benefit KIM, but economic uncertainty and their 4.6% yield limit its appeal versus peers.
Kimco stands out as an opportunistic shopping center REIT, now trading at a discount despite operational and scale advantages. Tight supply and robust tenant demand enable KIM to rapidly fill vacancies, achieve higher rents, and shorten lease gestation periods. Recent big box tenant bankruptcies have become accretive events, allowing KIM to re-lease space at significantly higher rates and strengthen its tenant base.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kimco Realty (KIM) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kimco Realty (KIM) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kimco Realty (KIM) have what it takes?
Kimco Realty Corporation (NYSE:KIM ) Q2 2025 Earnings Conference Call July 31, 2025 8:30 AM ET Company Participants Conor C. Flynn - CEO & Director David Jamieson - Executive VP & COO David F.