No. of Recommendations: 3
Not at the current share price says this Seeking Alpha contributor:

Summary

FFO/share was down year-over-year for both Q4 and FY18. Guidance for 2019 is flattish relative to 2018, leaving investors wondering when growth will return.

Management exceeded their goals for leasing, development, and disposition, and also surpassed the high-end of initial guidance for FFO and same-site NOI and achieved an all-time high-small shop occupancy.

KIM sold off over $1 billion of assets during the year, pruning the portfolio and using the proceeds to shrink the share count, deleverage, and improve core properties.

Management anticipates continuing to pour resources into property redevelopments, including building on their award-winning Signature Series mixed-use development model.

The balance sheet will likely continue receiving attention as the company targets an upgrade to an A-credit rating.

Kimco Realty (KIM) closed out an eventful 2018 by announcing strong progress on their disposition, redevelopment, leasing, and deleveraging programs. However, as a result of their portfolio downsizing and minimal share repurchases, FFO per share continued to decline. KIM also did not hike its dividend for the first quarter of 2019 either and guided for flat AFFO/share in 2019. With no growth on the immediate horizon, at what price is KIM a buy?

Read on:

https://seekingalpha.com/article/4239158-price-kimco-buy

David
Long KIM
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