Kimco Realty: A Wonderful Boring Stock For Today's Chaotic Times
Kimco Realty is a conservatively financed retail REIT with a low payout ratio and attractive valuation, poised for long-term growth in portfolio and earnings. Founded in 1958, Kimco focuses on grocery-anchored retail, ensuring stability and consistent foot traffic, with a portfolio of 568 properties across major U.S. metropolitan areas. The demand for physical retail space remains strong, with rising rent prices and low vacancy rates, bolstered by limited new supply of grocery strip centers.
Here's Why You Should Retain Kimco Realty Stock in Your Portfolio Now
KIM's grocery-anchored premium properties in high-growth areas and a healthy balance sheet are strengths. Yet, high e-commerce adoption ails.
Kimco Realty: Strong Dividend Value
Kimco Realty Corporation reported $0.42 per share in funds from operations in 4Q24, meeting expectations, with strong occupancy and rent growth driving solid financial performance. The REIT raised its dividend to $0.25 per share, highlighting its appeal as a dividend growth investment with a low payout ratio of around 60%. Kimco Realty's portfolio is strategically located in major urban centers, benefiting from high household incomes and migration flows, ensuring stable and growing funds from operations.
Kimco Realty: Stock Up On This Grocery-Anchored Bargain
Kimco Realty offers a well-covered dividend and strong operating fundamentals, making it an attractive investment after its recent pullback. KIM benefits from its strategic focus on grocery-anchored and mixed-use properties in high-growth markets, driving consistent ABR growth and occupancy gains. KIM's reasonable valuation below its historical norm, combined with forward growth prospects, suggests potential market-beating total returns.
Kimco: Strong Fundamentals Are Reflected In Valuation (Rating Downgrade)
Kimco's shares have been a moderate performer, adding over 8% in the past year but falling 15% recently due to high-interest rates and valuation. Kimco's grocery-anchored open-air shopping centers boast high occupancy rates, with 96.3% overall and 98.2% for anchor tenants, benefiting from tight supply and strong leasing. Despite strong fundamentals and a secure 4.6% dividend yield, growth is expected to slow, given current occupancy, leading to a "hold" rating with KIM stock seen as fairly valued.
Kimco Realty Corporation (KIM) Q4 2024 Earnings Conference Call Transcript
Kimco Realty Corporation (NYSE:KIM ) Q4 2024 Earnings Conference Call February 7, 2025 8:30 AM ET Company Participants David Bujnicki - SVP, IR Conor Flynn - CEO Ross Cooper - President & CIO Glenn Cohen - CFO David Jamieson - EVP & COO Conference Call Participants Michael Goldsmith - UBS Craig Mailman - Citi Alexander Goldfarb - Piper Sandler Dori Kesten - Wells Fargo Haendel St. Juste - Mizuho Greg McGinniss - Scotiabank Andrew Reale - Bank of America Juan Sanabria - BMO Capital Markets Caitlin Burrows - Goldman Sachs Ki Bin Kim - Truist Floris van Dijkum - Compass Point Steve Sakwa - Evercore ISI Wes Golladay - Baird Paulina Rojas - Green Street Capital Michael Mueller - JP Morgan Michael Gorman - BTIG Linda Tsai - Jefferies Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank Operator Good day, and welcome to the Kimco Realty Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Kimco Meets on Q4 FFO, Beats on Revenues, Sees Solid Leasing
KIM's Q4 results reflect better-than-anticipated revenues. However, a rise in interest expenses acts as a dampener.
Kimco Realty (KIM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Kimco Realty (KIM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Kimco Realty (KIM) Q4 FFO Meet Estimates
Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.42 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.39 per share a year ago.
What's in the Cards for Kimco Realty Stock in Q4 Earnings?
While a healthy retail real estate market and focus on developing mixed-use assets are likely to aid KIM's Q4 earnings, high interest expenses may have hurt it.
Insights Into Kimco Realty (KIM) Q4: Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Kimco Realty (KIM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Key Reasons Why You Should Add Kimco Stock to Your Portfolio Now
KIM is set to gain from its premium portfolio, diversified tenant base, focus on grocery-anchored centers, mixed-use assets and a strong balance sheet.
