Kimco Realty's KIM.PRN Preferred Shares Drop 1.6% in Friday Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
0mins
Source: NASDAQ.COM
- Stock Performance: Kimco Realty Corp's preferred shares, KIM.PRN, fell approximately 1.6% in Friday trading, while common shares (KIM) decreased by about 0.7%, indicating a relative weakness in the preferred stock market that may affect investor perceptions of the company's overall financial health.
- Dividend History: The historical dividend payments of KIM.PRN, which offers a 7.25% cumulative convertible rate, demonstrate its continued appeal amidst market fluctuations, as the stable dividend could attract income-seeking investors, enhancing its attractiveness in uncertain markets.
- Market Reaction: The decline in preferred shares may reflect investor uncertainty regarding Kimco Realty's future earnings, particularly against the backdrop of economic volatility, potentially leading investors to reassess their risk allocation in their portfolios.
- Investor Sentiment: Despite the poor performance of preferred shares, their relatively high dividend yield may still attract long-term investors, especially in a low-interest-rate environment, which could drive more capital into such assets seeking stable returns.
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Analyst Views on KIM
Wall Street analysts forecast KIM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KIM is 23.96 USD with a low forecast of 21.00 USD and a high forecast of 27.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
10 Hold
0 Sell
Moderate Buy
Current: 20.480
Low
21.00
Averages
23.96
High
27.00
Current: 20.480
Low
21.00
Averages
23.96
High
27.00
About KIM
Kimco Realty Corporation is a real estate investment trust (REIT) and owner and operator of open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The Company's portfolio is primarily concentrated in the first-ring suburbs of the major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. It specializes in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities. Its properties & leasing services include finding available space, signature series, re/development, specialty leasing, leasing programs, acquisitions & dispositions, and preferred equity & mezzanine financing. The Company has interests in approximately 568 United States shopping center properties, aggregating 101 million square feet of gross leasable area, located in 30 states.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kimco Realty Announces 2025 Dividend Distribution Details
- Common Stock Dividend: Kimco Realty will distribute a dividend of $0.25 per share on March 7, June 6, September 5, and December 5, 2025, totaling $1.01, reflecting the company's stable cash flow and commitment to shareholder returns.
- Preferred Stock Dividends: The preferred shares Series L, M, and N will yield dividends of $1.281240, $1.312520, and $3.625000 per share respectively, indicating the company's ongoing commitment to preferred shareholders and enhancing its capital structure appeal.
- Tax Treatment Transparency: Kimco Realty will report dividend distributions via Form 1099-DIV, ensuring investors are well-informed about tax implications, which boosts trust and transparency among stakeholders.
- Market Positioning Advantage: As a leading REIT in the U.S., Kimco Realty focuses on high-quality shopping centers, owning 564 assets with 100 million square feet of leasable space, showcasing its strong competitive edge and growth potential in the retail market.
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Kimco Realty Appoints David Jamieson to Board of Directors
- Board Expansion: Kimco Realty announced the appointment of David Jamieson to its Board of Directors on January 19, 2026, increasing the board size to ten members, which enhances the company's governance structure.
- Rich Leadership Experience: Jamieson has been with the company since 2007 and has served as COO since 2017, focusing on optimizing portfolio performance, particularly in redevelopment and emerging mixed-use platforms.
- Significant Strategic Contribution: As a voting member of the Investment Committee, Jamieson plays a crucial role in decision-making for new investments, development projects, and property dispositions, ensuring the company remains competitive in a changing market landscape.
- Emphasis on Sustainability: Jamieson is also instrumental in shaping the company's Corporate Responsibility strategy, focusing on long-term sustainability objectives, reflecting Kimco's commitment to social responsibility.
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