Kimco Q2 2020 Earnings Report
Key Takeaways
Kimco Realty reported a significant increase in net income available to common shareholders for Q2 2020, primarily driven by gains from its investment in Albertsons Companies Inc. Rent collections improved throughout the quarter, and the company maintained a strong liquidity position.
Pro-rata portfolio occupancy was reported at 95.6%, with anchor occupancy at 98.2%.
52 new leases were signed, generating pro-rata cash rental rate leasing spreads of 22.9%.
Approximately 70% of rents were collected for the second quarter.
Gains of $715.5 million were recognized from the company’s investment in Albertsons Companies Inc.
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Forward Guidance
Kimco did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income