June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Kimco Q2 sales volume exceeds $330M

Published 07/09/2018, 08:53 AM
© Reuters.  Kimco Q2 sales volume exceeds $330M
KIM
-
  • Kimco Realty (NYSE:KIM) sells 17 shopping centers totaling 2.7M square feet for $334M in Q2, with Kimco's share at $319.3M; blended cap rate for property sales in line with company's expected range of 7.50%-8.00%.
  • “We are in a great position to meet our full-year disposition target of $700M to $900M," says President and Chief Investment Officer Ross Cooper.
  • Dispositions include Primrose Marketplace in Springfield, MO, for $51.8M; Broadway Plaza in Chula Vista, CA, for $58.5M; and Downers Park Plaza in Downers Grove, Illinois for $26.7M.
  • Year-to-date dispositions include 38 shopping centers and four land parcels for gross proceeds of $556.1M, with Kimco's share at $531.8M.
  • Source: Press Release
  • Previously: Retail landlords lead rally in REITs (June 20)
  • Now read: The Best Way To Play KIMCO Realty With Yields Up To 8%


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.