Kimco Realty

Alaris Equity Partners Income Trust Releases 2023 Fourth Quarter and Annual Financial Results

Retrieved on: 
Thursday, March 14, 2024
Shipyard Brewing Company, Partner, LMS, Shipyard, Kimco Realty, COVID-19, Acquisition, Nature, Trust, Investment, BCC, USD, Heat, CAD, FMP, Cryptocurrency

Partially offsetting these decreases were Distributions earned from new investments in Federal Management Partners, LLC (“FMP”) and The Shipyard, LLC (“Shipyard”).

Key Points: 
  • Partially offsetting these decreases were Distributions earned from new investments in Federal Management Partners, LLC (“FMP”) and The Shipyard, LLC (“Shipyard”).
  • During the year ended December 31, 2023, revenue per unit decreased by 14.8% compared to the year ended 2022.
  • Total revenue of $41.9 million in Q4 2023 exceeded previous guidance of $39.9 million as a result of higher than expected common dividends from Alaris’ Partners.
  • Annual general and administrative expenses are currently estimated at $16.5 million and include all public company costs.

Bain Capital Real Estate and 11North Partners Form Joint Venture to Invest in Open-Air Retail Centers

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Retail, Other Retail, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Burger King, Prevalence, Kimco Realty, Partnership, D2C, History, Great, RPT Realty, RPT

Bain Capital Real Estate (“Bain Capital”) and 11North Partners (“11North”), a retail focused investment platform, today announced the formation of a strategic partnership to acquire and operate open-air retail centers throughout the U.S. and Canada.

Key Points: 
  • Bain Capital Real Estate (“Bain Capital”) and 11North Partners (“11North”), a retail focused investment platform, today announced the formation of a strategic partnership to acquire and operate open-air retail centers throughout the U.S. and Canada.
  • 11North was founded by CEO Brian Harper, a 25-year real estate industry veteran with significant retail experience.
  • “Today, open-air retail centers benefit from a confluence of tailwinds and strong real estate fundamentals that create an attractive risk-return opportunity,” said Mr. Harper.
  • We believe there are clear, emerging thematics that support the winning brands, retailers, and commercial real estate of tomorrow.

Kimco Realty® Announces First Quarter Transaction Activity Highlighted by the Sale of Ten Former RPT Properties for $248 Million

Retrieved on: 
Wednesday, March 27, 2024
Architecture, Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Data Analytics, Other Professional Services, Urban Planning, Building Systems, REIT, Finance, Kimco Realty, RPT, Investment, RPT Realty, Sale, Growth, Reinsurance

Kimco Realty® (NYSE: KIM) today announced the disposition of ten former RPT Realty (RPT) properties for an aggregate price of $248 million.

Key Points: 
  • Kimco Realty® (NYSE: KIM) today announced the disposition of ten former RPT Realty (RPT) properties for an aggregate price of $248 million.
  • As part of these sales, Kimco invested approximately $67 million under its Structured Investment program on seven of the properties and expects to earn a 10% blended return on these investments.
  • With these sales, the company has achieved its 2024 disposition target for former RPT properties.
  • “We are very pleased to have completed, ahead of schedule, the sales of the former RPT properties we identified in our underwriting.

Kimco Realty® Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 8, 2024
REIT, Retail, Commercial Building & Real Estate, Supermarket, Construction & Property, Security (finance), Class, Growth, Table, GAAP, FFO, Bed Bath & Beyond, N class, Operation, Kimco Realty, RPT Realty, FMV, Investment, Bed, Acquisition, NOI, ACI, Sale, RPT, Share repurchase

Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023.
  • “We ended the year with strong results, including leasing an impressive 2.7 million square feet, and achieving positive net absorption and double-digit leasing spreads for the quarter,” said Kimco CEO Conor Flynn.
  • FFO was $239.4 million, or $0.39 per diluted share, compared to $234.9 million, or $0.38 per diluted share, for the fourth quarter of 2022.
  • FFO for the fourth quarter of 2023 included $1.0 million of merger-related charges.

Lazard Reports Fourth-Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, February 1, 2024
Professional Services, Finance, Partnership, GOJO, McLaren, Lazard, Vodafone Italy, GAAP, Silicon, Endo International, Iliad Italia, Kimco Realty, Vista Equity Partners, Digital, Tax, Lumen Technologies, AUM, The Restaurant Group, SVB, Telegraph Media Group, Acquisition, Service provider, Sale, AFE, Air Methods, Nissan, Apollo Global Management, HDD, Tele Columbus, Conference, Share repurchase, Asset management, Video game

Operating revenue was $761 million for the fourth quarter of 2023, 13% higher than the fourth quarter of 2022, and $2,440 million for 2023, 12% lower than 2022.

Key Points: 
  • Operating revenue was $761 million for the fourth quarter of 2023, 13% higher than the fourth quarter of 2022, and $2,440 million for 2023, 12% lower than 2022.
  • For the fourth quarter of 2023, Asset Management operating revenue was $274 million, 6% higher than the fourth quarter of 2022.
  • Effective January 1, 2024, Lazard completed its conversion to a U.S. C-Corporation and changed its name from Lazard Ltd to Lazard, Inc.
  • ET on February 1, 2024, to discuss the company’s financial results for the fourth quarter and full year of 2023.

FIFTH WALL CLOSES OUT STRONG 2023; PROMOTING 10 OF ITS TEAM MEMBERS AND ADDING 14 NEW COMPANIES TO ITS PORTFOLIO

Retrieved on: 
Tuesday, January 30, 2024
Hydrogen, SXSW, Hudson Pacific Properties, IMN, Climate Week NYC, Source, Carbon, MGM, CBRE, Property technology, EQR, Greenhouse, Invitation Homes, Blueprint, Like a Boss (film), Climate, BBVA, CO2, United Nations General Assembly, Verge, UN, ESG, Axios, Software, CNBC, Venetian, Investment, The Department, Public sector, Durst Organization, Host Hotels & Resorts, General Services Administration, COP28, VTS, American Homes 4 Rent, CIO, Kimco Realty, Human, Camden Property Trust, NMHC, Roadrunner, EV, MGM Resorts International

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- Fifth Wall—the largest asset manager focused on improving, future-proofing, and decarbonizing the built world—announced that at the end of 2023, the Firm closed an additional $340M into its climate strategy on top of the $500M raised into its inaugural Climate Fund. Additionally, the Firm promoted 10 of its team members and added 14 new portfolio companies. Fifth Wall now has more than 110 strategic Limited Partners across 20 countries—approximately 300 investors worldwide—and in excess of 145 portfolio companies, maintaining its stance as the largest fund to invest globally in Built World Technology, including Property Technology (PropTech) and Climate Technology (Climate Tech).

Key Points: 
  • Additionally, the Firm promoted 10 of its team members and added 14 new portfolio companies.
  • "Fifth Wall helped define PropTech as an investment category and continues to meaningfully drive the sector's growth.
  • Fifth Wall now holds more than 110 PropTech portfolio companies, including Industrious , VERO , VTS , Neighbor , Bilt Rewards , Tailorbird , and WiredScore , amongst others.
  • Fifth Wall is proud to congratulate the following team member on their key 2024 promotions →

Kimco Realty Corporation Announces 2023 Dividend Tax Treatment

Retrieved on: 
Wednesday, January 24, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Kimco Realty, Albertsons, FAQ, Sale, ACI

Separately, Kimco sold shares of the Albertsons Companies (NYSE: ACI) and recognized a long-term capital gain of approximately $241 million in 2023.

Key Points: 
  • Separately, Kimco sold shares of the Albertsons Companies (NYSE: ACI) and recognized a long-term capital gain of approximately $241 million in 2023.
  • The company elected to retain the proceeds from this stock sale for general corporate purposes and pay federal corporate income tax on the taxable gain.
  • This undistributed long-term capital gain is treated as a distribution to shareholders of record on December 31, 2023, and each shareholder’s proportionate share of this undistributed capital gain will be reported on Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains.
  • Correspondingly, each shareholder is entitled to a federal tax credit for its share of the federal income tax paid by the Company.

STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – PFIN, RPT, PCTI, CSTR

Retrieved on: 
Tuesday, December 5, 2023
Empire, Amphenol, Sale, Monteverde, TEL, RPT Realty, Kimco Realty, RPT, CSTR, PCTI, Old National Bank, Security (finance)

Under the terms of the agreement, PFIN shareholders are expected to receive $13.00 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, PFIN shareholders are expected to receive $13.00 in cash per share they own.
  • RPT Realty (NYSE: RPT ), relating to its proposed merger with Kimco Realty.
  • Under the terms of the agreement, RPT shareholders are expected to receive 0.6049 shares of Kimco per share they own.
  • Under the terms of the agreement, CSTR shareholders will receive 1.155 shares of Old National per share they own.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, RPT

Retrieved on: 
Thursday, November 23, 2023
RPT Realty, Kimco Realty, Advertising, RPT, Fraud, Sale, Security (finance)

If you are a Coffee shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Coffee shareholder, click here to learn more about your rights and options .
  • RPT Realty (NYSE: RPT)’s sale to Kimco Realty for 0.6049 of a newly-issued Kimco share for each RPT share.
  • If you are a RPT shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

ALERT: The M&A Class Action Firm Continues Investigating the Merger – FRLN, CSTR, PCTI, RPT

Retrieved on: 
Wednesday, November 22, 2023
Empire, Amphenol, Sale, Monteverde, RPT Realty, Therapy, Kimco Realty, RPT, CSTR, PCTI, Old National Bank, Security (finance)

Under the terms of the agreement, FRLN shareholders will receive $6.50 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, FRLN shareholders will receive $6.50 in cash per share they own.
  • Under the terms of the agreement, CSTR shareholders will receive 1.155 shares of Old National per share they own.
  • RPT Realty (NYSE: RPT ), relating to its proposed merger with Kimco Realty.
  • Under the terms of the agreement, RPT shareholders are expected to receive 0.6049 shares of Kimco per share they own.