Key Developments: Kimco Realty Corp (KIM.N)

KIM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kimco Realty Corp declares quarterly dividend
Tuesday, 28 Jul 2015 04:01pm EDT 

Kimco Realty Corp:Declares a quarterly cash dividend of $0.24 per common share.Payable on Oct. 15, to shareholders of record on Oct. 5.  Full Article

Kimco Realty Corp raises FY 2015 FFO guidance
Tuesday, 28 Jul 2015 04:01pm EDT 

Kimco Realty Corp:Now Expects FY 2015 guidance for FFO (per diluted share) $1.52 - $1.56.Now Expects FY 2015 guidance for FFO as adjusted (per diluted share) $1.43 - $1.46.FY 2015 FFO of $1.54 and adjusted FFO of $1.45 - Thomson Reuters I/B/E/S.  Full Article

Kimco Realty Corp Raises FY 2015 FFO Guidance
Wednesday, 6 May 2015 04:01pm EDT 

Kimco Realty Corp:Expects FY 2015 guidance for FFO (per diluted share) $1.50 - $1.55.Expects FY 2015 guidance for FFO as adjusted (per diluted share) $1.42 - $1.45.FY 2015 FFO of $1.49 and adjusted FFO of $1.44 - Thomson Reuters I/B/E/S.  Full Article

RioCan Real Estate Investment Trust to acquire Kimco Realty Corp interest in two canadian properties
Friday, 27 Mar 2015 04:00pm EDT 

RioCan Real Estate Investment Trust and Kimco Realty Corp:Says RioCan will acquire Kimco's 50 pct interest in two canadian properties held in RioKim joint venture, Brentwood Village and Grand Park, as part of a trade transaction.Says whereby Kimco will purchase RioCan's 80 pct interest in Montgomery Plaza, a shopping center currently held in a joint venture with Kimco, Montgomery Plaza is located in Dallas-Fort Worth area.Says acquisition of Brentwood Village and RioCan Grand Park are expected to be completed on March 31, with remaining closings to be completed upon obtaining customary lender consents.Says RioCan will acquire Kimco's 50 pct interest in Brentwood Village in Calgary, Alberta and Grand Park in Mississauga, Ontario at a total purchase price of $87.5 million net of in place debt of $8 million representing an equity commitment of $79.5 million by RioCan.Says RioCan will, in turn, sell its 80 pct interest in Montgomery Plaza in Fort Worth, Texas to Kimco at a sale price of $58.3 million net of in place debt of $23.6 million representing equity of $34.7 million with the remaining purchase price to be paid in cash by RioCan.  Full Article

Kimco Realty Corp prices $350 million 4.25 pct notes due 2045
Monday, 23 Mar 2015 04:50pm EDT 

Kimco Realty Corp:Prices public offering of $350 million notes due 2045 at a coupon of 4.25 pct per annum with an effective yield of 4.313 pct, maturing April 1, 2045.Intends to use net proceeds of about $342.7 million from offering for general corporate purposes which includes the following.Says pre-fund near-term maturities, including one or more of company's.Says $184.2 million of mortgage debt maturing during remainder of 2015 with a weighted average interest rate of 5.14 pct.Says $100 million aggregate principal amount of 5.25 pct senior notes due Sept.Says $150 million aggregate principal amount of 5.584 pct senior notes due Nov.Also partially reduce borrowings ($100 million as of Dec. 31, 2014) under its revolving credit facility maturing in March 2018, which borrowings bear interest at a rate of one-month LIBOR plus 0.925 pct.Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc, Deutsche Bank Securities Inc, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC served as the joint book-running managers for this offering.U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC served as the senior co-managers.BB&T Capital Markets, a division of BB&T Securities, LLC, BBVA Securities Inc., Citigroup Global Markets Inc., Mizuho Securities USA Inc., Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and UBS Securities LLC served as the co-managers.  Full Article

Kimco Realty announces management changes
Wednesday, 25 Feb 2015 04:05pm EST 

Kimco Realty Corp:Says David B. Henry will retire on Jan. 1, 2016 as Vice Chairman of the Board of Directors and Chief Executive Officer.Says Conor C. Flynn, President and Chief Operating Officer, has been appointed to succeed Mr. Henry as Chief Executive Officer, effective on that date.  Full Article

Kimco Realty Corp declares quarterly cash dividend
Thursday, 5 Feb 2015 04:01pm EST 

Kimco Realty Corp:Declares quarterly cash dividend of $0.24 per common share.Payable on April 15, of record on April 6.Ex-dividend date of April 1.  Full Article

Kimco Realty Corp gives FY 2015 FFO guidance in line with analysts' estimates
Thursday, 5 Feb 2015 04:01pm EST 

Kimco Realty Corp:Provides FY 2015 guidance for FFO (per diluted share) $1.45 - $1.53.Provides FY 2015 guidance for FFO as adjusted (per diluted share) $1.40 - $1.44.FY 2015 FFO of $1.46 and adjusted FFO of $1.44 - Thomson Reuters I/B/E/S.  Full Article

Kimco Realty Corp to acquire partner's interest in 39-property kimstone portfolio
Friday, 12 Dec 2014 09:00am EST 

Kimco Realty Corp:To acquire the remaining 66.667 pct interest in the 39-property Kimstone portfolio from its joint venture partner, a subsidiary of Blackstone Real Estate Partners VII (BREP) for a price of $925 mln, which includes the assumption of about $426.7 mln in mortgage debt.Says it will pay about $512.3 mln to acquire BREP's interest.Says it will use a combination of proceeds from recently completed and pending property sales in the U.S. and Latin America as well as availability under its existing $1.75 bln revolving credit facility to fund this transaction which is expected to be completed in the first quarter of 2015.  Full Article

Kimco Realty Corp acquires 1.2 million square foot retail portfolio from Kimco
Monday, 17 Nov 2014 07:00pm EST 

Kimco Realty Corp:Says that World Class Capital Group continues to expand its national retail real estate portfolio.Says World Class Capital Group acquires 1.2 million Square Foot Retail Portfolio from Kimco.  Full Article

Fitch Affirms Kimco's 'BBB+' IDR; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, March 27 (Fitch) Fitch Ratings has affirmed Kimco Realty Corporation's (NYSE: KIM; Kimco or the company) Issuer Default rating (IDR) at 'BBB+' and maintained the Stable Outlook. See the full list of ratings at the end of this release. Fitch also assigns a 'BBB+' rating to the $350 million of 4.25% senior unsecured notes due 2045 issued in March 2015. KEY RATING DRIVERS The ratings reflect Kimco's large, diversified port

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