Kimco Realty: Still A Buy After Rally?
Portfolio Pulse from
Kimco Realty Corporation has achieved a 23% year-to-date total return, supported by a 4.2% dividend increase and record-high occupancy rates. The company's fiscal 2024 Q3 FFO rose by 7.5% to $0.43 per share, with free cash flow covering dividends by 174%. Kimco's debt is well-structured, with most due after 2030, and it holds an 'A-' investment-grade rating from Fitch.
November 25, 2024 | 10:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kimco Realty Corporation has delivered a strong 23% YTD return, supported by a 4.2% dividend increase and record-high occupancy rates. The company's fiscal 2024 Q3 FFO increased by 7.5% to $0.43 per share, with free cash flow covering dividends by 174%. Kimco's debt maturity is well-laddered, with most debt due post-2030, and it holds an 'A-' investment-grade rating from Fitch.
Kimco Realty's strong financial performance, including a 23% YTD return, increased dividends, and high occupancy rates, suggests positive investor sentiment. The company's solid FFO growth and strong balance sheet, with an 'A-' rating from Fitch, further support a positive outlook. These factors are likely to drive short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100