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Last $22.28 USD
Change Today -0.55 / -2.41%
Volume 3.2M
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

kimco realty corp (KIM) Key Developments

Kimco Realty Mulls Acquisitions

Kimco Realty Corporation (NYSE:KIM) announced that it is looking to acquire adjacent parcels to its assets that are within the core urban areas.

Kimco Realty Corp. Declares Quarterly Dividend on Common Shares and Preferred Shares, Payable on October 15, 2015; Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year 2015; Reports Impairment Charges for the Second Quarter Ended June 30, 2015

Kimco Realty Corp.’s board of directors declared a quarterly cash dividend of $0.24 per common share, payable on October 15, 2015, to shareholders of record on October 5, 2015, with an ex-dividend date of October 1, 2015. The board of directors also declared quarterly dividends with respect to the company’s various series of cumulative redeemable preferred shares (Class H, Class I, Class J and Class K). All dividends on the preferred shares will be paid on October 15, 2015, to shareholders of record on October 2, 2015, with an ex-dividend date of September 30, 2015. The company reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $294,061,000 compared to $260,249,000 for the same period a year ago. Operating income was $92,212,000 compared to $64,490,000 last year. Income from continuing operations were $101,110,000 or $0.27 per basic and diluted share compared to $128,989,000 or $0.27 per diluted share last year. Net income attributable to the company was $127,000,000 compared to $89,512,000 last year. Net income available to the company's common shareholders was $112,427,000 or $0.27 per basic and diluted share compared to $74,939,000 or $0.18 per basic and diluted share last year. Funds from operations were $182,714,000 or $0.44 per diluted share compared to $141,210,000 or $0.34 per diluted share, for the second quarter of 2013. Adjusted funds from operations were $152,731,000 or $0.37 per diluted share compared to $143,228,000 or $0.35 per diluted share last year. Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments was $69,570,000 compared to $12,292,000 last year. For the six months, the company reported total revenues of $577,517,000 compared to $474,151,000 for the same period a year ago. Operating income was $186,178,000 compared to $139,160,000 last year. Income from continuing operations were $381,869,000 or $0.98 per diluted share compared to $204,598,000 or $0.42 per basic and diluted share last year. Net income attributable to the company was $437,342,000 compared to $176,512,000 last year. Net income available to the company's common shareholders was $408,196,000 or $0.98 per diluted share compared to $147,365,000 or $0.36 per basic and diluted share last year. Funds from operations were $336,190,000 or $0.81 per basic and diluted share compared to $279,602,000 or $0.68 per basic and diluted share, for the same period last year. Adjusted funds from operations were $299,904,000 or $0.73 per diluted share compared to $284,048,000 or $0.69 per diluted share last year. Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments was $111,326,000 compared to $36,043,000 last year. The company increased its 2015 full-year guidance range for FFO and FFO as adjusted. The company now projects FFO per diluted common share is to be in the range of $1.52 to $1.56 compared to $1.50 to $1.55 per share of previous guidance and projects FFO, as adjusted per diluted common share is to be in the range of $1.43 to $1.46 compared to $1.42 to $1.45 per share of previous guidance. For the second quarter ended June 30, 2015, the company reported impairment charges of $15,459,000 compared to the $25,636,000 for the same quarter year ago.

Kimco Realty Corporation Presents at Jefferies 2015 Global Consumer Conference, Jun-23-2015 11:00 AM

Kimco Realty Corporation Presents at Jefferies 2015 Global Consumer Conference, Jun-23-2015 11:00 AM. Venue: White Elephant, Nantucket, Massachusetts, United States.

Pet Valu Announces Lease Agreement with Kimco Realty

Pet Valu, a retailer of pet care items, leased 2,250 square feet at Manetto Hill Plaza at 6 Manetto Hill Road in Plainview. Owned by Atlanta-based private equity firm Roark Capital Group, Pet Valu operates more than 500 stores throughout North America and now seven on Long Island. Jayson Siano and Melissa Naeder of Sabre Real Estate Group represented the tenant and Rob Wachtler was the in-house representative for landlord Kimco Realty in the lease transaction.

Kimco Realty Corporation to Report Q2, 2015 Results on Jul 28, 2015

Kimco Realty Corporation announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

 

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