Exhibit 99.1

Kimco Realty Announces Fourth Quarter and Full Year 2014 Operating Results; Reports Strong Increases in Operating Fundamentals - Company’s Occupancy Rate at Highest Level Since 2008

NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--February 5, 2015--Kimco Realty Corp. (NYSE:KIM) today reported results for the fourth quarter and year ended December 31, 2014.

Highlights - Fourth Quarter and Full Year 2014

  • FFO increased 15.2% for the fourth quarter and 7.4% for the full year 2014 over the comparable 2013 periods; FFO as adjusted increased 6.1% and 5.3%, respectively, during these same periods;
  • U.S. same-property net operating income (NOI) increased 4.3% for the fourth quarter compared to the same period in 2013 representing the nineteenth consecutive positive quarterly increase;
  • U.S. and combined portfolio occupancy increased to 95.7% and 95.8%, respectively, representing the highest levels since the first quarter of 2008;
  • U.S. transaction volume (pro-rata) surpassed $1.8 billion in 2014; acquired interests in 60 properties totaling $1.1 billion and sold 91 properties for $717.1 million;
  • Strategic exit from Latin America substantially complete with the sale of 25 properties, totaling $205.2 million, during the fourth quarter;
  • Subsequently closed on a new $650 million unsecured term loan; and
  • On February 2, 2015, purchased the remaining 66.7% interest in the 39-property Kimstone portfolio for $925 million.

Financial Results

Net income available to common shareholders for the fourth quarter of 2014 was $38.2 million, or $0.09 per diluted share, compared to $47.0 million, or $0.11 per diluted share, for the fourth quarter of 2013. Net income available to common shareholders during the fourth quarter of 2014 included $127.4 million of gains on sales of operating properties and $153.9 million of impairments, which were primarily attributable to a $134.3 million loss on foreign currency translation related to the company’s strategic exit from Mexico. This compares to $22.0 million of gains on the sales of operating properties and $20.7 million of impairments during the fourth quarter of 2013. Both operating property impairments and gains on sales are excluded from the calculation of funds from operations (FFO).

For the full year 2014, net income available to common shareholders was $365.7 million, or $0.89 per diluted share, compared to $178.0 million, or $0.43 per diluted share, for the full year 2013. Net income available to common shareholders for the full year 2014 included $383.4 million of gains on sales of operating properties and $257.7 million of impairments. The impairments recognized were attributable to the sale or pending disposition of operating properties, including a $134.3 million loss on foreign currency related to the company’s strategic exit from Mexico. This compares to $159.3 million of gains on the sales of operating properties and $165.8 million of impairments for the full year of 2013.


The following information was filed by Kimco Realty Corp (KIM) on Thursday, February 5, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Kimco Realty Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Kimco Realty Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account