secwatch.observer — SEC 8-K summary
======================================

Issuer:     KIMCO REALTY CORP (KIM)
CIK:        0000879101
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001157523-21-001352
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimco Q3 net income $0.91/diluted; raises 2021 FFO guidance to $1.36-$1.37; completed Weingarten merger
--------------------------------------------------------------------------------

- Net income $501.4M ($0.91/diluted) vs ($0.10) loss in Q3 2020; NAREIT FFO $0.32/diluted includes $0.08 merger costs.
- Pro-rata portfolio occupancy 94.1% (+20 bps QoQ); same-property NOI grew 12.1% YoY (excl Weingarten).
- Completed strategic merger with Weingarten Realty on Aug 3, 2021; achieved upper end of $35-38M cost synergy range.
- Raised 2021 guidance: net income $1.70-$1.72 (prev $0.83-$0.87) and NAREIT FFO $1.36-$1.37 (prev $1.29-$1.33).
- Post-quarter, acquired remaining 70% of 6 Publix centers for $425.8M, formed 50/50 JV with Blackstone REIT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879101/000115752321001352/0001157523-21-001352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879101/000115752321001352/a52522651.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001352

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer