Kimco RealtyNYSE: KIM

Marko Kolanovic predicts a stock market plunge of more than 20% to 4,200 by the end of the year. Historically, positive first-half returns for the S&P 500 lead to positive second-half returns, but election years tend to have worse results. Kimco Realty Corp. and Terreno Realty Corp. are undervalued REITs with growth potential in the strip mall and industrial sectors, offering income and dividend growth opportunities.

JERICHO, N.Y., June 27, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, has published its 2023 Corporate Responsibility Report. The report highlights the company's progress in addressing environmental, social, and governance (ESG) topics, which have been an area of focus for Kimco and its stakeholders for over a decade.

Kimco's (KIM) focus on grocery-anchored centers, mixed-use assets and a solid balance sheet augur well for long-term growth. However, surging e-commerce adoption and high interest rates are concerns.

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Kimco Realty Corporation experienced a short period of selling weakness, leading to an aggressive increase in position. The company saw strong lease activity and exhibited healthy dividend metrics, making it an attractive investment from a cash flow and dividend growth perspective. Kimco Realty's low pay-out variability and favorable leasing spreads make it a compelling buy for passive income investors.

These two real estate stocks have high yields and surprisingly strong businesses.

Kimco's (KIM) Q1 earnings exceeded expectations due to strong revenues, but increased interest expenses had a negative impact.

Although the financial results of Kimco Realty (KIM) for the quarter ending in March 2024 provide an overview of the company's performance, it may be beneficial to analyze how certain important metrics stack up against analyst forecasts and previous year's figures.

Kimco Realty (KIM) reported quarterly funds from operations (FFO) of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.38 per share. This is slightly higher than the FFO of $0.39 per share from the previous year.