other material
confidence high
sentiment neutral
materiality 0.65
Kimco files WRI historical financials for acquisition; WRI earned $0.32/share in H1 2021
KIMCO REALTY CORP
- WRI net income attributable to common shareholders: $40.7M ($0.32 per diluted share) for six-month period ended June 30, 2021.
- WRI total revenues $244M in H1 2021, up from $209.5M in H1 2020; net property $2.99B as of June 30, 2021.
- Merger consideration per WRI share: 1.408 Kimco shares + $2.20 cash, adjusted from $2.89 after special dividend.
- WRI incurred $8.4M merger costs in H1 2021; estimated additional $46.1M in costs upon deal close.
- Pro forma combined financials as of June 30, 2021 filed; acquisition completed August 3, 2021.