Kimco Realty (KIM) Stock

I am paying more attention to dividend stocks that offer higher returns because many older and retired investors need income. Given the current high market valuations, future profits will probably depend more on dividends, which makes these stocks appealing. Retail real estate is particularly interesting right now, as it has low vacancy rates and good supply conditions, providing solid investment chances.

Kimco Realty is not a good deal anymore, as its current value isn't appealing, and it's better to consider other investments like FRT. Although Kimco has solid fundamentals, such as high occupancy and rent growth, its annual AFFO growth rate of 1.5% is not very impressive. While Kimco's emphasis on grocery-anchored centers and sunbelt markets is a positive aspect, the risks from interest rates and the overall economy make it less appealing at this time.

Connor Flynn, the CEO of Kimco Realty, appears on CNBC's 'Power Lunch' to share his views on consumer trends during the holiday shopping season.

KIM benefits from its well-placed grocery-anchored properties, a variety of tenants, and a solid financial position. However, the rise in online shopping is a challenge.

JERICHO, N.Y., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) known for owning and managing high-quality, open-air shopping centers anchored by grocery stores in the U.S., has announced that it has won Nareit's 2024 Leader in the Light Award for Retail for the third year in a row. This achievement highlights the company's commitment to sustainability, bringing their total wins of this award to five.

Kimco Realty's funds from operations for the third quarter exceeded expectations, hitting $0.43 per share, and I expect a $0.01 increase in dividends next quarter, raising the yield to 4.1%. The company's varied portfolio, which mainly includes grocery-anchored shopping centers in large cities, helps maintain consistent foot traffic and rental income growth. With a portfolio occupancy rate of 96.4% and little new supply available, KIM is in a strong position for ongoing rental income growth.

Is Kimco Realty (KIM) a strong choice for momentum investors? Let's take a closer look.

KIM's results for the third quarter show revenues that are higher than expected. However, an increase in interest expenses is a negative factor.

Kimco Realty® (NYSE: KIM), a real estate investment trust known for its high-quality shopping centers and mixed-use properties in the U.S., announced its third-quarter results for the period ending September 30, 2024. The company reported that portfolio occupancy has reached an all-time high and the board has increased the quarterly cash dividend on common shares by 4.2%. Additionally, Kimco has raised its outlook for 2024.