NYSE:KIMRetail REITs
Is Moody’s A3 Upgrade And Dividend Hike Altering The Investment Case For Kimco Realty (KIM)?
Recently, Moody's upgraded Kimco Realty to an A3 credit rating with a stable outlook, highlighting its high-quality, predominantly grocery-anchored portfolio, strong occupancy, and prudent balance sheet, while the company also raised guidance and increased its dividend on the back of solid operating results.
This combination of a stronger credit profile and a higher dividend underscores Kimco's emphasis on balance sheet strength and income-focused returns, supported by diversified tenants...