US Market News
2週前
DRIP COFFEE ACCUSES KIMCO OF FRAUDULENTLY INDUCING FEMALE OWNED BUSINESSES IN NEW LAWSUITMay 18, 2026 9:31 AM
PR Newswire (US) The Suit Alleges Concealed Demolition Plans and Wrongful Evictions to Construct a TargetFORT LAUDERDALE, Fla., May 18, 2026 /PRNewswire/ -- Drip Coffee, an emerging coffee brand, filed suit in the Circuit Court of the Seventeenth Judicial Circuit in Broward County, Florida, accusing Kimco Realty Corporation (NYSE: KIM), a New York-based developer of open-air shopping centers, of systemic fraudulent business practices in which the company enters into multi-year leases with tenants while simultaneously planning to evict those same tenants at a later date to make room for larger retailers. "Kimco enters into agreements the company has no intention of keeping." --Taylor Schear, Pres., Drip CoffeeThe lawsuit claims that Drip Coffee was used as a "pawn" to provide short-term rent to Kimco and its subsidiaries while they failed to disclose that they intended to begin a massive redevelopment and demolition project affecting more than 100,000 square feet of the shopping center, including the demolition of an LA Fitness and a movie theater, to accommodate a highly lucrative deal with Target. Drip Coffee alleges that Kimco committed fraud by soliciting leases they knew they could not fulfill."Kimco business practices have the company enter into agreements the company has no intention of keeping." said Taylor Schear, Drip Coffee, President. "Kimco has abandoned the safety of their tenants and patrons in favor of profits. Their practices are driven by greed despite the businesses and jobs destroyed, and the loss of the revenue and investments for the businesses that enter into contracts with Kimco in good faith."Drip's lawsuit was filed after attempts to resolve the matter with Kimco failed.About Drip Coffee
Drip Coffee is an emerging coffee brand created to invigorate the industry with fun, flavorful drinks, including the Honey Bear Latte, Sticky Situation and Burnt Ritual. View original content to download multimedia:https://www.prnewswire.com/news-releases/drip-coffee-accuses-kimco-of-fraudulently-inducing-female-owned-businesses-in-new-lawsuit-302774712.htmlSOURCE Drip Coffee Original: DRIP COFFEE ACCUSES KIMCO OF FRAUDULENTLY INDUCING FEMALE OWNED BUSINESSES IN NEW LAWSUIT
iHub News
4月前
Kimco Realty tops Q4 forecasts as portfolio occupancy hits recordFebruary 12, 2026 10:15 AM
IH Market News
Kimco Realty (NYSE:KIM) delivered fourth-quarter results ahead of Wall Street expectations, helped by robust leasing momentum and record-high occupancy across its shopping center portfolio.The retail-focused REIT posted earnings per share of $0.21, exceeding analyst estimates by $0.03. Quarterly revenue totaled $542.46 million, above the consensus forecast of $537.32 million.Shares gained 1.05% in after-hours trading following the announcement, as investors welcomed both the earnings and revenue beats.Funds from operations (FFO) per diluted share rose 4.8% year over year in the fourth quarter to $0.44. For the full year 2025, FFO per diluted share increased 6.7%, marking the second consecutive year of growth above 5%.Same-property net operating income (NOI) advanced 3.0% year over year in both the fourth quarter and the full year.“Kimco’s fourth quarter and full-year results, highlighted by FFO per diluted share growth of 6.7% for the full year 2025, and exceeding 5% for the second consecutive year, validate the quality of our portfolio and platform,” said Kimco CEO Conor Flynn.Leasing activity remained strong during the quarter. Pro-rata portfolio occupancy reached 96.4%, tying the company’s historical peak. Small shop occupancy set a new high at 92.7%, while anchor occupancy stood at 97.9%.Kimco executed 435 leases covering 2.7 million square feet in the quarter, achieving blended pro-rata cash rent spreads of 13.8% on comparable spaces. New leases recorded a 29.0% increase.Looking to 2026, the company forecast FFO in the range of $1.80 to $1.84 per share and net income between $0.80 and $0.84 per share. Same-property NOI growth is expected to come in between 2.5% and 3.5%.Kimco closed 2025 with more than $2.2 billion in immediate liquidity, including full access to its $2.0 billion unsecured revolving credit facility.Kimco Realty stock price
Original: Kimco Realty tops Q4 forecasts as portfolio occupancy hits record
idig
12年前
Kimco Realty Acquires Balance of KIF I Portfolio
http://www.businesswire.com/news/home/20140410006335/en/Kimco-Realty-Acquires-Balance-KIF-Portfolio#.U0dG41VdWSo
Kimco Realty Acquires Balance of KIF I Portfolio
Acquisition of 12 properties furthers company’s simplification and transformation goals
April 10, 2014 04:05 PM Eastern Daylight Time
NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE:KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, today announced that it has acquired the remaining 60.9-percent interest in the 12-property Kimco Income Fund I portfolio (KIF I) from its joint venture partners for a gross price of $408.0 million, including the assumption of $38.2 million in mortgage debt. As part of this transaction, the company will repay $118.9 million of mortgage debt encumbering nine of the properties. In addition, Kimco earned a cash promote of approximately $18.8 million, which was used to reduce the company’s overall cash payment to $251.4 million.
With the KIF I acquisition, Kimco continues to advance its simplification goals that include reducing the number of institutional joint ventures and partners, streamlining property ownership and management, and adding high-quality retail assets to its wholly owned portfolio. The addition of these properties, totaling 1.5 million square feet, also strengthens Kimco’s footprint in key retail territories. KIF I properties are primarily located in the Mid-Atlantic, Northeast and Northern California regions of the U.S., in mature markets with high barriers to entry and strong surrounding trade demographics.
This transaction furthers Kimco’s portfolio transformation goals with these 12 grocery-anchored and necessity-based shopping centers that feature strong portfolio metrics and above-average occupancy, rent and household income levels. The high-quality nature of these assets is demonstrated by a three-mile, average household income level of $98,000, and an average base rent per square foot of $17.59, both of which exceed Kimco’s current portfolio averages by 17 percent and 35 percent, respectively. The KIF portfolio is 98 percent occupied and supported by such notable national retailers as Royal Ahold, Safeway, Dick’s Sporting Goods and TJX-Companies’ businesses. In addition, 10 of the 12 properties are anchored by the top one or two grocers in each respective market.
About Kimco
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of December 31, 2013, the company owned interests in 852 shopping centers comprising 125 million square feet of leasable space across 42 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
Safe Harbor Statement
The statements in this news release state the company's and management's intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company's actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates, (vii) risks related to our international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to our joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company's Securities and Exchange Commission (SEC) filings. Copies of each filing may be obtained from the company or the SEC.
The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled "Risk Factors" in the company's Annual Report on Form 10-K for the year ended December 31, 2013, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company's results.
Contacts
Kimco Realty Corporation
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
Penny Roger$
14年前
Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT). Kimco is an owners and operators of neighborhood and community shopping centers. As of December 31, 2011, it had interests in 946 shopping center properties, aggregating 138.1 million square feet of gross leasable area (GLA), and 845 other property interests, primarily through its preferred equity investments, other real estate investments and non-retail properties, totaling approximately 34.1 million square feet of GLA, for a grand total of 1,791 properties aggregating 172.2 million square feet of GLA, located in 44 states, Puerto Rico, Canada, Mexico, Chile, Brazil and Peru. In January 2012, it acquired two properties in the Southwest to its portfolio of neighborhood and community shopping centers. In March 2012, the Company purchased a 50% interest in Orleans Gardens Shopping Centre in Ottawa, Ontario.
http://www.google.com/finance?q=KIM
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