Kimco Realty: Current Yield Over 6.5% With Investment Grade From The Preferreds

Kimco Realty Corporation has a solid balance sheet — $19.58B in total assets, an investment-grade A-/A-/A3 credit rating, and an asset coverage ratio (Total Assets/Debt) of ~236%.

Preferred stocks KIM.PR.L (~6.54% current yield) and KIM.PR.M (~6.6%) trade below par and carry investment-grade ratings (Baa1/BBB/BBB).

KIM has a portfolio of 565 properties and 100 million sq ft of leasable area, with the largest share being occupied by the "Grocery and Beverages" and "Restaurants" sectors.

In today's article, we will look into Kimco Realty Corporation ( KIM ), its financial metrics and ratios from the last quarter, and its financial instruments.

We will look to the opportunities that they provide to us, as at the current