Kimco's upgraded property portfolio should pay future dividends.
Kimco reported second-quarter earnings, resulting in adjusted funds from operations per share of $0.37, flat versus a year ago adjusting for transactional income. U.S. pro rata occupancy was 96.0%, up 30 basis points year over year, reflecting a 60-basis point increase in small shop occupancy and 10-basis point increase in anchor tenant occupancy. Pro rata releasing spreads were 16.2%, the highest level in three years, and same-store property net operating income for the quarter grew 3.1% year o...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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