REG - Kimco Realty: High Occupancy And Low Valuation Buy The Dip

2024-02-12 08:10:00 ET

Summary

• Despite headline risks around commercial real estate, Kimco Realty is performing quite well with strong execution in leasing.
• The company has a strong portfolio of grocery-anchored properties and has improved its operating fundamentals every year since 2020.
• Kimco Realty has potential for growth in mixed-use developments and offers a 4.8% dividend yield that's well-covered by AFFO.

Many investors know that commercial real estate has been pressured over the past 12 months. However, ‘Commercial RE’ is a blanket term that covers all property types, not just the pressured office segment, with some property types doing just fine and in some cases even thriving....

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