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Kimco Realty Corp (KIM.N)

KIM.N on New York Stock Exchange

19.34USD
4:07pm EDT
Change (% chg)

$-0.19 (-0.97%)
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Latest Key Developments (Source: Significant Developments)

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

Kimco Realty Acquires Two Signature Assets in Florida from Its Joint Venture Partner
Monday, 11 Apr 2016 09:00am EDT 

Kimco Realty Corp:acquired from Canada Pension Plan Investment Board remaining 45% ownership interest in Oakwood Plaza shopping center and Dania Pointe development project for a gross price of $299.2 million, including the assumption of $100.0 mln of mortgage debt.  Full Article

Kimco Realty Corp gives FY 2016 FFO guidance
Tuesday, 2 Feb 2016 04:05pm EST 

Kimco Realty Corp:Sees FY 2016 FFO (per diluted share) $1.54 - $1.62.Sees FY 2016 FFO as adjusted (per diluted share) $1.48 - $1.52.  Full Article

Kimco Realty Corp to acquire Christown Spectrum for $115.3 mln
Tuesday, 1 Dec 2015 04:05pm EST 

Kimco Realty Corp:Announces acquisition of christown spectrum.Deal for $115.3 million.  Full Article

Kimco Realty Corp Board approves 6.3% dividend increase per common share
Wednesday, 4 Nov 2015 04:05pm EST 

Kimco Realty Corp:Common quarterly dividend increased 6.3% to $0.255 per share from $0.24 per share.Payable on January 15, 2016, to shareholders of record on January 4, 2016, with an ex-dividend date of December 30, 2015.  Full Article

Kimco Realty Corp revises FY 2015 FFO guidance
Wednesday, 4 Nov 2015 04:05pm EST 

Kimco Realty Corp:Sees FY 2015 guidance for FFO (per diluted share) $1.54 - $1.57.Sees FY 2015 guidance for FFO as adjusted (per diluted share) $1.44 - $1.46.FY 2015 FFO of $1.55 and adjusted FFO of $1.43 - Thomson Reuters I/B/E/S.  Full Article

Kimco Realty announces pricing of $500 million 3.400% notes due 2022
Wednesday, 7 Oct 2015 04:52pm EDT 

Kimco Realty Corp :Announces pricing of $500 million 3.400% notes due 2022.Public offering of $500 million notes due 2022 at coupon of 3.400% per annum with an effective yield of 3.510%,maturing November 1, 2022.  Full Article

BRIEF-Kimco Realty announces update on preferred stock

* Says offering of $225 million 5.125% cumulative redeemable preferred stock Source text for Eikon: Further company coverage: