Kimco Realty Reports 1Q Results; Dispositions Remain Central to Strategy in 2018
Kimco Realty’s stock price has been on a roller coaster year to date, so it’s no surprise to see a slight rebound after first-quarter results. The company continues to trim the fat as disposition of low-growth assets remains its primary objective. Management said it is on pace to achieve its 2018 disposition goal of $800 million at the midpoint, mostly consisting of properties in the Midwest as the company strives to be an owner-operator of high-quality coastal assets. The good news is that ther...Kimco Realty is a self-administered real estate investment trust. The company and its subsidiaries are engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by grocery stores, off-price retailers, discounters or service-oriented tenants. Additionally, the company provides complementary services on its retail real estate capabilities. The company's ownership interests in real estate consist of its consolidated portfolio and portfolios where the company owns an economic interest, such as properties in the company's investment real estate management programs, where the company partners with institutional investors and also retains management.
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