Shopping center owner Kimco is trying to help its smaller tenants pay rent, stay in business [MSNBC.com]
Kimco Realty Corporation (HC) (KIM)
Last kimco realty corporation (hc) earnings: 1/30 07:30 am
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Source: MSNBC.com
The Little Neck Plaza in Little Neck, NY owned by Kimco Realty.Google EarthA major shopping center owner in the U.S. has taken matters into its own hands to try to help small business owners get access to funds from the federal government and from states that can help them pay rent.coronavirusCurrently, the TAP pilot is in California and Florida. Kimco said it plans to roll out the program to other states over the next few days.The launchfollows a frenzied rushThe government's $350 billion loan programsmall businesses"We were nervous about time. We are not ones to wait for the government. We figured we had to act quickly," Kimco CEO Conor Flynn told CNBC in an interview."We recognized early on, that the big national retailers ... they need to pay their rents," Flynn explained, mentioning names likeTargetHome DepotCostco"The small mom-and-pops are the ones in the trenches," the CEO said. "We knew they needed access to capital quickly."Kimco said it is working with various law firms to
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KIM
News
- Kimco Realty Stock Rises 31% in Six Months: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Kimco Realty Corp (NYSE: KIM) had its price target raised by analysts at Robert W. Baird from $23.00 to $26.00. They now have an "outperform" rating on the stock.MarketBeat
- Kimco Realty Corp (NYSE: KIM) had its price target raised by analysts at UBS Group AG from $25.00 to $30.00. They now have a "buy" rating on the stock.MarketBeat
- Dividend Increase Alert: These 3 Stocks Just Boosted Their Dividends AGAIN (KIM, SPG, XOM) – Here's A Deeper Look [Yahoo! Finance]Yahoo! Finance
- Kimco Realty® Announces Commencement of Cash Tender Offer to Purchase All of Its Outstanding Depositary Shares Representing 1/1,000 of a Share of 7.25% Class N Cumulative Convertible Perpetual Preferred Stock and Consent SolicitationGlobeNewswire
KIM
Earnings
- 10/31/24 - Miss
KIM
Sec Filings
- 11/14/24 - Form SC
- 11/4/24 - Form DEF
- 11/4/24 - Form SC
- KIM's page on the SEC website