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Kimco Realty (NYSE: KIM) has announced the 2024 tax treatment details for RPT Realty Series D Cumulative Convertible Preferred investor’s dividend distributions. The dividend distribution per share of $0.765280, payable on January 2, 2024, is classified as 100% Return of Capital, with no portions allocated to Ordinary Income or Capital Gains.
As of September 30, 2024, Kimco owns interests in 567 U.S. shopping centers and mixed-use assets, comprising 101 million square feet of gross leasable space. The company specializes in high-quality, grocery-anchored shopping centers and mixed-use properties, with a strategic focus on first-ring suburbs of major metropolitan markets, including coastal markets and Sun Belt cities.
Kimco Realty (NYSE: KIM) ha annunciato i dettagli del trattamento fiscale per il 2024 riguardanti le distribuzioni di dividendi agli investitori della Serie D Cumulative Convertible Preferred di RPT Realty. La distribuzione del dividendo per azione di $0.765280, pagabile il 2 gennaio 2024, è classificata come 100% Rimborso di Capitale, senza porzioni allocate a Reddito Ordinario o Plusvalenze.
Al 30 settembre 2024, Kimco possiede partecipazioni in 567 centri commerciali e beni mixed-use negli Stati Uniti, che comprende 101 milioni di piedi quadrati di spazio locabile lordo. L’azienda si specializza in centri commerciali di alta qualità, ancorati a supermercati, e proprietà mixed-use, con un focus strategico sui sobborghi di primo cerchio dei principali mercati metropolitani, inclusi i mercati costieri e le città della Sun Belt.
Kimco Realty (NYSE: KIM) ha anunciado los detalles del tratamiento fiscal para 2024 en relación con las distribuciones de dividendos de la Serie D Cumulative Convertible Preferred de RPT Realty. La distribución del dividendo por acción de $0.765280, pagadera el 2 de enero de 2024, se clasifica como 100% Devolución de Capital, sin porciones asignadas a Ingresos Ordinarios o Ganancias de Capital.
Hasta el 30 de septiembre de 2024, Kimco posee intereses en 567 centros comerciales y activos de uso mixto en EE. UU., que comprenden 101 millones de pies cuadrados de espacio neto alquilable. La empresa se especializa en centros comerciales de alta calidad anclados por supermercados y propiedades de uso mixto, con un enfoque estratégico en los suburbios de primer anillo de los principales mercados metropolitanos, incluidos los mercados costeros y las ciudades del cinturón solar.
김코 리얼티(Kimco Realty, NYSE: KIM)는 RPT 리얼티 시리즈 D 누적 전환 우선주 투자자 배당금 분배에 대한 2024년 세금 처리 세부정보를 발표했습니다. 주당 배당금분배금 $0.765280은 2024년 1월 2일 지급될 예정이며, 100% 자본 환급으로 분류되며, 일반 소득이나 자본 이득으로 배정된 부분은 없습니다.
2024년 9월 30일 기준으로 김코는 미국 내 567개의 쇼핑 센터 및 복합 용도 자산에 대한 지분을 보유하고 있으며, 총 1억 1천만 제곱피트의 임대 가능 공간을 포함하고 있습니다. 이 회사는 해안 시장과 선벨트 도시를 포함한 주요 대도시 시장의 1차 서브 어반 지역에 전략적으로 집중하는 고품질 슈퍼마켓 중심의 쇼핑 센터와 복합 용도 부동산을 전문으로 하고 있습니다.
Kimco Realty (NYSE: KIM) a annoncé les détails du traitement fiscal de 2024 concernant les distributions de dividendes des investisseurs de la Série D Cumulative Convertible Preferred de RPT Realty. La distribution du dividende par action de 0,765280 $, payable le 2 janvier 2024, est classée comme un remboursement de capital à 100 %, sans portions allouées aux revenus ordinaires ou aux plus-values.
Au 30 septembre 2024, Kimco détient des intérêts dans 567 centres commerciaux et actifs à usage mixte aux États-Unis, représentant 101 millions de pieds carrés d’espace locatif brut. L’entreprise se spécialise dans les centres commerciaux de haute qualité, ancrés par des supermarchés, et les propriétés à usage mixte, avec un accent stratégique sur les banlieues de premier cercle des grands marchés métropolitains, y compris les marchés côtiers et les villes du Sun Belt.
Kimco Realty (NYSE: KIM) hat die steuerlichen Behandlungseinzelheiten für 2024 in Bezug auf die Dividendenverteilungen der RPT Realty Serie D Cumulative Convertible Preferred-Anleger bekannt gegeben. Die Dividendenverteilung von $0.765280 pro Aktie, zahlbar am 2. Januar 2024, wird als 100 % Rückzahlung des Kapitals klassifiziert, ohne Anteile, die dem gewöhnlichen Einkommen oder den Kapitalgewinnen zugeordnet sind.
Bis zum 30. September 2024 besitzt Kimco Anteile an 567 US-Einkaufszentren und gemischt genutzten Anlagen, die 101 Millionen Quadratfuß Bruttomietfläche umfassen. Das Unternehmen spezialisiert sich auf hochwertige, von Lebensmittelläden geführte Einkaufszentren und gemischt genutzte Immobilien, mit einem strategischen Fokus auf die ersten Vororte großer Metropolregionen, einschließlich der Küstenmärkte und Städte im Sun Belt.
Positive
- Portfolio of 567 properties with 101 million square feet of gross leasable space
- Strategic concentration in high-barrier-to-entry coastal markets
- Focus on essential, necessity-based retail tenants
- Inclusion in S&P 500 Index
JERICHO, N.Y., Jan. 07, 2025 (GLOBE NEWSWIRE) — Kimco Realty® (NYSE: KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, announced today the 2024 tax treatment of RPT Realty Series D Cumulative Convertible Preferred investor’s dividend distributions. The allocations as they will be reported on Form 1099-DIV are as follows:
| Preferred Shares (NYSE: RPT.PD); (CUSIP #’s 74971D 200 and 751452608) | ||||||||||||||||||||||||||
| Ex- | Ordinary Income | Capital Gains | ||||||||||||||||||||||||
| Dividend | Record | Payable | Distribution | Non- | Unrecaptured | Return of | Sec 199A | |||||||||||||||||||
| Date | Date | Date | per Share | Total | Qualified | Qualified | Total | Sec 1250 | Capital | Dividends | ||||||||||||||||
| 12/19/2023 | 12/19/2023 | 01/02/2024 | $ | 0.765280 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.765280 | $ | 0.000000 | ||||||||
| Totals | $ | 0.76528 | $ | 0.00000 | $ | 0.00000 | $ | 0.00000 | $ | 0.00000 | $ | 0.00000 | $ | 0.76528 | $ | 0.00000 | ||||||||||
| 100.000 | % | -0.000 | % | 0.000 | % | 0.000 | % | 100.000 | % | |||||||||||||||||
About Kimco Realty®
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top 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. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of September 30, 2024, the company owned interests in 567 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty), Twitter (www.twitter.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “commit,” “anticipate,” “estimate,” “project,” “will,” “target,” “plan,” “forecast” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company’s control and could materially affect actual results, performances or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the impact of competition, including the availability of acquisition or development opportunities and the costs associated with purchasing and maintaining assets, (iii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iv) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (v) the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience, (vi) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing in accordance with our expectations, (vii) the Company’s ability to raise capital by selling its assets, (viii) disruptions and increases in operating costs due to inflation and supply chain disruptions, (ix) risks associated with the development of mixed-use commercial properties, including risks associated with the development, and ownership of non-retail real estate, (x) changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management’s ability to estimate the impact of such changes, (xi) the Company’s failure to realize the expected benefits of the merger with RPT Realty (the “RPT Merger”), (xii) the risk of litigation, including shareholder litigation, in connection with the RPT Merger, including any resulting expense, (xiii) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company, (xiv) the possibility that, if the Company does not achieve the perceived benefits of the RPT Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company’s common stock could decline, (xv) valuation and risks related to the Company’s joint venture and preferred equity investments and other investments, (xvi) collectability of mortgage and other financing receivables, (xvii) impairment charges, (xviii) criminal cybersecurity attacks, disruption, data loss or other security incidents and breaches, (xix) risks related to artificial intelligence, (xx) impact of natural disasters and weather and climate-related events, (xxi) pandemics or other health crises, (xxii) our ability to attract, retain and motivate key personnel, (xxiii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xxiv) the level and volatility of interest rates and management’s ability to estimate the impact thereof, (xxv) changes in the dividend policy for the Company’s common and preferred stock and the Company’s ability to pay dividends at current levels, (xxvi) unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity, (xxvii) the Company’s ability to continue to maintain its status as a REIT for U.S. federal income tax purposes and potential risks and uncertainties in connection with its UPREIT structure, and (xxviii) other risks and uncertainties identified under Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023. Accordingly, there is no assurance that the Company’s expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes in other filings with the SEC.
CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
(833) 800-4343
FAQ
What is the 2024 dividend distribution amount for RPT Realty Series D Preferred shares (KIM)?
The dividend distribution amount is $0.765280 per share, payable on January 2, 2024.
How is Kimco’s (KIM) 2024 RPT Preferred dividend classified for tax purposes?
The dividend is classified as 100% Return of Capital, with no portions allocated to Ordinary Income or Capital Gains.
What is the size of Kimco Realty’s (KIM) property portfolio as of September 2024?
Kimco owns interests in 567 U.S. shopping centers and mixed-use assets, comprising 101 million square feet of gross leasable space.
What are the key markets where Kimco Realty (KIM) focuses its operations?
Kimco focuses on first-ring suburbs of major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities.
When is the ex-dividend date for KIM’s RPT Preferred shares 2024 distribution?
The ex-dividend date is December 19, 2023.
