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kimco realty corp (KIM) Key Developments

Fresh Thyme Farmers Market to Open at Kimco Realty Corp.'s North West Square in Columbus, Ohio

Kimco Realty Corp. announced that Fresh Thyme Farmers Market will open its first Ohio storefront on August 13 at Kimco's North West Square shopping center, located at 6670 Sawmill Road in Columbus, Ohio. Fresh Thyme's opening will commence at 6:45 a.m. on August 13 with a ceremonial ribbon cutting, with doors opening at 7 a.m. Representatives of the Dublin Chamber of Commerce will attend to welcome the popular specialty grocer to the region. Throughout opening day, Fresh Thyme will host family-friendly events for local shoppers, including food sampling, face painting, balloon animals and other children's entertainment. The grocer will offer additional activities and promotions throughout the week. The Phoenix-based Fresh Thyme Farmers Market, founded in 2012, specializes in providing consumers healthy, fresh, and organic products at affordable prices. The grocer will occupy a 28,000-square-foot space at North West Square in the former Borders bookstore location, and joins Pier 1 Imports in anchoring the 113,000-square-foot shopping center.

Kimco Realty Appoints Conor C. Flynn as President

Kimco Realty Corporation announced that Conor C. Flynn, the company's Executive Vice President, Chief Operating Officer and Chief Investment Officer, has been named President of the company effective August 5, 2014. Mr. Henry previously held the title of President immediately prior to Mr. Flynn's appointment and will continue to serve as Chief Executive Officer and Vice Chairman of the Board of Directors.

Kimco Realty Corp. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014 ; Reports Impairment Charges for the Second Quarter Ended June 30, 2014

Kimco Realty Corp. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $260,249,000 compared to total revenues of $227,119,000 for the same period a year ago. Operating income was $7,772,000 compared to $51,179,000 last year. Income from continuing operations were $73,691,000 or $0.14 per basic and diluted share compared to $80,679,000 or $0.16 per basic and diluted share last year. Net income was $91,950,000 compared to $53,272,000 last year. Net income attributable to the company was $89,512,000 compared to $51,139,000 last year. Net income available to the company's common shareholders was $74,939,000 or $0.18 per basic and diluted share compared to $36,566,000 or $0.09 per basic and diluted share last year. Funds from operations were $141.2 million, or $0.34 per diluted share compared to $141.6 million, or $0.35 per basic and diluted share, for the second quarter of 2013. Adjusted funds from operations were $143,228,000 or $0.35 per diluted share compared to $142,122,000 or $0.35 per diluted share last year. Loss from continuing operations before income taxes, equity in income of joint ventures, loss on change in control of interests and equity in income from other real estate investments was $44,532,000 compared to income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments $2,230,000 last year. For the six months, the company reported total revenues of $502,159,000 compared to total revenues of $449,441,000 for the same period a year ago. Operating income was $85,752,000 compared to $123,226,000 last year. Income from continuing operations were $152,823,000 or $0.29 per basic and diluted share compared to $142,939,000 or $0.27 per basic and diluted share last year. Net income was $187,810,000 compared to $123,780,000 last year. Net income attributable to the company was $176,512,000 compared to $118,909,000 last year. Net income available to the company's common shareholders was $147,365,000 or $0.36 per basic and diluted share compared to $89,762,000 or $0.22 per basic and diluted share last year. Funds from operations were $279.6 million, or $0.68 per basic and diluted share compared to $276.5 million, or $0.68 per basic and diluted share, for the same period last year. Adjusted funds from operations were $284,047,000 or $0.69 per diluted share compared to $274,303,000 or $0.67 per diluted share last year. Loss from continuing operations before income taxes, equity in income of joint ventures, loss on change in control of interests and equity in income from other real estate investments was $17,633,000 compared to income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments $21,376,000 last year. For the year 2014, the company projected diluted net income available to common shareholder per share is to be in the range of $0.59 to $0.63 per share. The company projected FFO per diluted common share is to be in the range of $1.36 to $1.40 per share and projected FFO, as adjusted per diluted common share is to be in the range of $1.36 to $1.40 per share. For the second quarter of 2014, the company reported impairment charges of $88,373,000 compared to the $24,839,000 for the same quarter year ago.

Kimco Realty Corporation to Report Q2, 2014 Results on Jul 29, 2014

Kimco Realty Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 29, 2014

Kimco Realty Corporation, Q2 2014 Earnings Call, Jul 30, 2014

Kimco Realty Corporation, Q2 2014 Earnings Call, Jul 30, 2014

 

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