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Kimco Realty Corp (KIM.N)

KIM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kimco Realty CEO Conor Flynn's FY 2016 compensation $9.04 mln vs $3.2 mln
Wednesday, 15 Mar 2017 05:15pm EDT 

Kimco Realty Corp : Ceo conor flynn's fy 2016 total compensation $9.04 million versus $3.2 million in fy 2015 - sec filing .Kimco realty - ceo conor flynn's fy 2016 total compensation includes $6.93 million of stock awards and $1.22 million of non-equity incentive plan compensation.  Full Article

Kimco Realty announces new $2.25 bln revolving credit facility
Wednesday, 1 Feb 2017 04:01pm EST 

Kimco Realty Corp : Kimco Realty announces new $2.25 billion revolving credit facility . Kimco Realty Corp - New facility is scheduled to mature on March 17, 2021 .Kimco Realty Corp - In addition, facility includes a $500 million sub-limit which provides company opportunity to borrow in alternative currencies.  Full Article

BRIEF-Kimco Realty sees 2016 shopping center dispositions of $1 bln-$1.15 bln (Oct. 11)
Wednesday, 12 Oct 2016 11:38am EDT 

Kimco Realty Corp : Company's 2016 guidance range for shopping center dispositions is $1.0 billion to $1.15 billion .Company's 2016 guidance range for shopping center acquisitions is $450 million - $550 million.  Full Article

Kimco realty announces redemption price for 5.70 pct senior notes
Tuesday, 23 Aug 2016 05:00pm EDT 

Kimco Realty Corp : Kimco Realty announces redemption price for its 5.70 percent senior notes due 2017 .Redemption price of $1,033.90 for each $1,000 principal amount of its 5.70 percent senior notes due 2017.  Full Article

Kimco Realty announces pricing of $500 mln 2.800 pct notes due 2026
Tuesday, 9 Aug 2016 05:08pm EDT 

Kimco Realty Corp : Kimco Realty announces pricing of $500 million 2.800 pct notes due 2026 .Offering is expected to settle on August 18, 2016.  Full Article

Kimco Realty files for potential notes offering
Tuesday, 9 Aug 2016 08:56am EDT 

Kimco Realty Corp :Files for potential notes offering; size not disclosed - SEC filing.  Full Article

Kimco Realty Corp sees FY FFO per share $1.34 - $1.42
Wednesday, 27 Jul 2016 04:25pm EDT 

Kimco Realty Corp : Kimco Realty Corp sees FY FFO per share $1.34 - $1.42 $1.42 . Kimco Realty Corp Sees Fy FFO As Adjusted $1.48-$1.52 per share . Subsequent to Q2, Kimco announced an early debt repayment initiative . Establishment of valuation allowance to result in non-cash charge against net income,ffo of about $66 million,$41 million, respectively, in q3 . Kimco realty reports second quarter 2016 results . Q2 FFO per share $0.38 . Q2 adjusted FFO per share $0.37 excluding items . Will recognize one-time charge of about $48 million related to early extinguishment of debt during q3 of 2016 . Plans to merge Kimco Realty Services, Inc. into Kimco, the REIT . In conjunction with merger, Kimco will establish valuation allowance against certain deferred tax assets currently on balance sheet . Q2 FFO per share view $0.38 -- Thomson Reuters I/B/E/S . FY2016 FFO per share view $1.56 -- Thomson Reuters I/B/E/S .Sees fy net income of $0.86 to $0.94 per diluted share.  Full Article

Kimco Announces Key Strategic Initiatives To Further Strengthen The Company's Long-Term Financial Outlook
Wednesday, 27 Jul 2016 04:15pm EDT 

Kimco Realty Corp Kimco Announces Key Strategic Initiatives To Further Strengthen The Company's Long-Term Financial Outlook : Says plan includes prepaying $428 million of secured and unsecured U.S. Debt due in 2017 . As a result of planned transactions, Kimco expects to realize recurring annualized cost savings of approximately $29 million . Time charges against net income available to common stockholders of about $114 million . One-Time charges are expected to reduce net income and FFO by about $0.27/diluted share,$0.21/diluted share, respectively, in Q3 2016 . Term financial outlook . Says implementation of several strategic initiatives to enhance company's capital structure . Plan includes redeeming two outstanding series of Canadian-dollar-denominated notes totaling cad $350 million due in 2018 and 2020 . Says plan includes merging company's primary taxable REIT subsidiary into Kimco . There will be no impact to ffo as adjusted as a result of these one-time charges . Says plans to merge Kimco Realty Services, Inc. into Kimco . Company expects to incur a prepayment charge of approximately $22 million in Q3 of 2016 . Time non-cash charge against net income and FFO of $66 million and $41 million, respectively, in Q3 of 2016.  Full Article

Kimco Realty says Q2 transaction activity exceeded $1 billion
Thursday, 7 Jul 2016 04:01pm EDT 

Kimco Realty Corp : Says its transaction activity for Q2 of 2016 exceeded $1 billion . Q2 revenue $696 million . Kimco has six remaining Canadian shopping centers, all of which are in joint ventures and expected to be sold by year end . Sees 2016 guidance range for shopping center acquisitions is $450 million - $550 million .Company's 2016 guidance range for shopping center dispositions is $825 million - $975 million.  Full Article

Kimco Realty sells interests in Canadian portfolio for $324 mln
Thursday, 9 Jun 2016 04:01pm EDT 

Kimco Realty Corp :Sells interests in 17-property Canadian portfolio for $324.0 million, transaction advances the company's strategic exit from Canada by year end.  Full Article

More From Around the Web

Fitch Rates Kimco's Senior Unsecured Bonds Due 2027 'BBB+'

(The following statement was released by the rating agency) NEW YORK, March 22 (Fitch) Fitch Ratings has assigned a 'BBB+' rating to the senior unsecured notes due 2027 issued by Kimco Realty Corporation (NYSE: KIM). Net proceeds are expected to be utilized for secured debt repayment and general corporate purposes. A full list of Fitch's current ratings for KIM follows at the end of this release. KEY RATING DRIVERS The ratings reflect KIM's large, diversified portfolio, its generally consist