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Given your significant $200 million investment in The Rim at a high 9% interest rate with an 80% loan-to-value ratio, how are you managing the risks associated with this position, and what are your plans if market conditions become unfavorable? ,
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With rents at Mary Brickell Village increasing from the $40s to triple digits during redevelopment, what challenges might you face in achieving these higher rents, and how do you plan to address potential tenant resistance or market saturation?
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As your same-site NOI growth guidance has increased to 2.75%–3.25% for the year, given the high occupancy levels of your portfolio, what factors could hinder sustaining this growth rate in the long term? , ,
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Considering that approximately 30% of your anchor leases expiring through 2025 have no options and a 40% mark-to-market opportunity, are you prepared to potentially risk occupancy by seeking higher rents or replacing tenants, and how might this impact your tenant relationships?
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In light of mixed economic signals and shifts in consumer spending towards value retailers, are you adjusting your leasing strategy to mitigate potential risks, or do you plan to maintain your current approach, and what justifies this stance? ,
Recent developments and announcements about KIM.
Financial Actions
Dividend Policy
Kimco Realty has announced a change in its dividend policy following the completion of its acquisition of RPT Realty. As part of the merger agreement, Kimco's Board of Directors declared a 'stub period' cash dividend for the Kimco Class N Preferred Stock. This dividend amounts to $0.14097 per depositary share and is payable on January 16, 2024, to shareholders of record on January 5, 2024. This stub dividend reflects the regular quarterly dividend for the period from January 1, 2024, to January 15, 2024 .