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REIT Comments |
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07/23/2010
REITonAIM announces a new report on Kimco Realty
KIM $14
Retail REIT
Ranking: BUY
Kimco Realty KIM FFO decreased (32%) for the first quarter of 2010 (excluding charges) due to dilution from stock offering
KIM total FFO increased 7% during the first quarter of 2010
KIM guidance for 2010 FFO indicates decline of as much as (17%) due to increased shares outstanding
KIM new strategy involves shift away from non-strategic assets to increase shareholder value
KIM occupancy remains high and leasing demand remains strong
KIM maintains access to $2.0 billion in liquidity
KIM returned to a normalized dividend in the first quarter of 2010, providing investors with a yield of almost 5%
KIM a Retail REIT with a portfolio of neighborhood and community shopping centers
KIM we rank 1 BUY
KIM market cap $5.7 billion
KIM an S&P 500 Index REIT
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