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    Ravi Vedi • Mizuho Securities

    Ravi Vedi's questions to Kimco Realty Corp (KIM) leadership

    Ravi Vedi's questions to Kimco Realty Corp (KIM) leadership • Q3 2024

    Question

    Ravi Vedi, on for Haendel St. Juste, asked about competitive dynamics in the acquisition market and the drivers behind the updated guidance for acquisition volume and cap rates.

    Answer

    President & CIO Ross Cooper clarified that the updated cap rate guidance reflects a blend of higher-yielding structured deals and the Waterford acquisition. He confirmed intense competition for grocery-anchored centers, citing recent deals at aggressive sub-6% cap rates. He believes cap rates will remain stable or compress, depending on the interest rate environment.

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    Ravi Vedi's questions to Kimco Realty Corp (KIM) leadership • Q3 2024

    Question

    Ravi Vedi of Mizuho Securities asked about competitive dynamics in the acquisition market and the reasons for the updated guidance on acquisition volume and cap rates.

    Answer

    President & CIO Ross Cooper explained the blended cap rate reflects a mix of higher-yielding structured investments and the Waterford acquisition. He described the market as highly competitive, especially for grocery-anchored centers, and expects cap rates to remain stable or compress, contingent on the interest rate environment.

    Ask Fintool Equity Research AI