Kimco Realty to Announce Q4/FY 2023 Results, Host Call Feb 9

TL;DR

**Kimco Realty is dropping Q4/FY 2023 earnings and hosting a call tomorrow, Feb 9th, get ready for market moves!**

AI Summary

Kimco Realty Corporation (NYSE: KIM) filed an 8-K on February 8, 2024, to announce the issuance of a press release regarding its financial results for the fourth quarter and full year ended December 31, 2023. The company also disclosed that it will host a conference call on February 9, 2024, at 8:30 AM ET to discuss these results. This matters to investors because it signals the upcoming release of crucial financial performance data, which will influence the stock's valuation and future outlook.

Why It Matters

This filing alerts investors to the imminent release of Kimco Realty's latest financial performance, which is critical for evaluating the company's health and future dividend prospects. The conference call provides an opportunity for investors to hear directly from management and ask questions.

Risk Assessment

Risk Level: low — This filing is a standard procedural announcement of an upcoming earnings release and conference call, carrying minimal inherent risk.

Analyst Insight

A smart investor would mark February 9, 2024, on their calendar to review Kimco Realty's Q4/FY 2023 earnings report and listen to the conference call to assess the company's performance and outlook before making any investment decisions.

Key Players & Entities

• Kimco Realty Corporation (company) — the registrant filing the 8-K
• Kimco Realty OP, LLC (company) — co-registrant filing the 8-K
• February 8, 2024 (date) — date of earliest event reported and filing date
• February 9, 2024 (date) — date of the conference call
• 8:30 AM ET (time) — start time of the conference call
• December 31, 2023 (date) — end of the fiscal period for the results being discussed

Forward-Looking Statements

• Kimco Realty's stock price will experience increased volatility around February 9, 2024, due to the earnings release and conference call. (Kimco Realty Corporation) — high confidence, target: 2024-02-09
• Analysts will update their price targets and ratings for Kimco Realty following the Q4/FY 2023 earnings announcement. (Kimco Realty Corporation) — medium confidence, target: 2024-02-16

FAQ

Key Financial Figures

• $1.00 — Cumulative Redeemable, Preferred Stock, $1.00 par value per share. KIMprL New Yor
• $300.0 million — tock share repurchase program for up to $300.0 million shares of the Company's common stock, o
• $224.9 million — of the Company's common stock, of which $224.9 million remains available, through February 28,

Filing Documents

• a53893598.htm (8-K) — 44KB
• a53893598ex99_1.htm (EX-99.1) — 501KB
• 0001157523-24-000196.txt ( ) — 782KB
• kim-20240208.xsd (EX-101.SCH) — 5KB
• kim-20240208_def.xml (EX-101.DEF) — 21KB
• kim-20240208_lab.xml (EX-101.LAB) — 31KB
• kim-20240208_pre.xml (EX-101.PRE) — 23KB
• a53893598_htm.xml (XML) — 11KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 8, 2024, Kimco Realty Corporation (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 2.02 and in Exhibit 99.1 is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. The information in this Item 2.02 and in Exhibit 99.1 shall not be deemed to be incorporated by reference into any filing of the Company whether made before or after the date hereof, regardless of any general incorporation language in such filing.

01. Other Events

Item 8.01. Other Events. On February 8, 2024, the Company announced that its Board of Directors (the "Board") approved the extension of the Company's common stock share repurchase program for up to $300.0 million shares of the Company's common stock, of which $224.9 million remains available, through February 28, 2026. In addition, the Company announced that the Board authorized a repurchase program for the Company's depositary shares representing one-thousandth of a share of (i) its 5.125% Class L Cumulative Redeemable Preferred Stock, par value $1.00 per share (the "Class L Preferred Stock"), (ii) its 5.250% Class M Cumulative Redeemable Preferred Stock, par value $1.00 per share (the "Class M Preferred Stock"), and/or (iii) its 7.250% Class N Cumulative Convertible Perpetual Preferred Stock, par value $1.00 per share (the "Class N Preferred Stock"), through February 28, 2026. Total availability under the preferred stock repurchase program is up to: (i) 891,000 depositary shares of the Class L Preferred Stock, 1,047,000 depositary shares of the Class M Preferred Stock, and 185,000 depositary shares of the Class N Preferred Stock. Repurchases under the common and preferred stock repurchase programs may be made at management's discretion from time to using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements, and, depending on market conditions and other factors, the program may be commenced, suspended or discontinued at any time at the Company's discretion without prior notice.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated February 8, 2024 issued by Kimco Realty Corporation 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: February 8, 2024 KIMCO REALTY CORPORATION By: /s/ Glenn G. Cohen Name: Glenn G. Cohen Title: Chief Financial Officer KIMCO REALTY OP, LLC By: KIMCO REALTY CORPORATION, Managing Member By: /s/ Glenn G. Cohen Name: Glenn G. Cohen Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR