other
confidence medium
sentiment neutral
materiality 0.20
Kimco files updated pro forma 2021 financials reflecting final Weingarten acquisition valuation
KIMCO REALTY CORP
- Total Merger consideration: $4.1 billion; each WRI share received $2.20 cash + 1.408 Kimco shares.
- Pro forma 2021 total revenues: $1.648 billion; net income available to common shareholders: $838.9 million.
- Pro forma basic EPS: $1.37; diluted EPS: $1.36; weighted average basic shares: 611.4 million.
- Adjustments from final fair value include $58.1M additional depreciation/amortization and $22.9M reduction in interest expense.