JERICHO, N.Y., Aug. 13, 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, today announced the publication of its fourth Green Bond Report, outlining the use of the net proceeds and the associated estimated environmental impact of the company's inaugural green bond, issued in July of 2020. The $493.7 million in net proceeds from the green bond issuance were fully allocated to finance Eligible Green Projects, as defined by Kimco's Green Bond Framework.

Shopping center ownership and leasing is influenced by supply and demand, with imbalances presenting investment opportunities. Migration to the Sunbelt region during the pandemic accelerated trends, impacting demand for apartments and shopping centers. Sunbelt markets have seen increased demand for retail space, with limited supply leading to higher pricing and reduced vacancy rates.

Commercial property foreclosures are on the rise, reaching $20.5 billion in the second quarter, the highest since 2015. Despite the challenging market, there are signs of a potential bottoming process, with lenders quick to sell seized properties. REITs like Kimco Realty and NNN REIT offer strong fundamentals, growth potential, and consistent income, making them promising investment opportunities.

Kimco's (KIM) Q2 results reflect better-than-anticipated revenues. However, a rise in interest expenses acts as a dampener.

Kimco Realty Corporation (NYSE:KIM ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants David Bujnicki - SVP, IR Conor Flynn - CEO Ross Cooper - President & CIO Glenn Cohen - CFO Conference Call Participants Michael Goldsmith - UBS Samir Khanal - Evercore ISI Dori Kesten - Wells Fargo Juan Sanabria - BMO Capital Markets Greg McGinniss - Deutsche Bank Craig Mailman - Citi Alexander Goldfarb - Piper Sandler Floris van Dijkum - Compass Point Jeff Spector - Bank of America Ronald Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Linda Tsai - Jefferies Wes Golladay - Baird Paulina Rojas - Green Street Capital Haendel St. Juste - Mizuho Mike Mueller - JPMorgan Michael Gorman - BTIG Operator Good day and welcome to the Kimco Realty Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Although the revenue and EPS for Kimco Realty (KIM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.41 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.39 per share a year ago.

– Strong Operating Performance Drives Growth in Net Income and FFO – – Small Shop Occupancy Matches Record High – – Raises 2024 Outlook – JERICHO, N.Y., Aug. 01, 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-use properties in the United States, today reported results for the second quarter ended June 30, 2024.

Evaluate the expected performance of Kimco Realty (KIM) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

After reaching an important support level, Kimco Realty Corporation (KIM) could be a good stock pick from a technical perspective. KIM recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.

Kimco Realty's intermediate-term prospects are on a knife's edge. The REIT's core anchor strategy has delivered robust operating income growth. However, a flimsy retail property market might cause problems. Kimco Realty's occupancy lags those of some of its peers. Moreover, the REIT entered into an accounting loss during Q1.

While a healthy retail real estate market and focus on developing mixed-use assets are likely to have aided Kimco's (KIM) Q2 earnings, higher interest expenses may have hurt it.