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$10.72 -0.54 (-4.80%)
11/21/2008 3:38 PM

Kimco Realty Corp (KIM)

CAPS Rating:
*

The Company owns and operates neighborhood and community shopping centers. It is a self-administered real estate investment trust and manages its properties through leasing, asset management, maintenance, construction, legal, finance and accounting.

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Recs

3

Avatar sandvig (99.10) Submitted: 3/14/07 10:16 AM : Outperform Start Price: $44.49 KIM Score: -32.42

Adde parvum parvo magnus acervus erit - Add a little to a little and there will be a great heap.

They have increased their dividend each year for 15 years. In recent years, the average increase has been 9%.

They enjoy occupancy rates in excess of 95%. Their new leases are being renewed at rates that are 21.5% higher. Their properties tend to be located in strong markets.

On the downside, they have a number of projects in development now. Projects in development are much riskier than seeking a renewal from a blue chip tenant.

Another risk is that their real estate already carries high valuations.

The steady upgrading of their locations and the dividend history convinces me that their management is focused on the long term and is proficiently executing a sound strategy.

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