Down 5% since I started my position, now trading around $21/share. 5.1% yield, undervalued with nice steady growth projected.
FastGraph here:
Nice low P/FFO multiple, solid balance sheet and credit rating, I like this stock. Don't love the sector, retail shopping malls, but that is why this stock is underpriced. Recent bad news for brick and mortar retailers (Sears, JCPenney, etc...) has this segment underpriced. But KIM focuses only on the very high end of this sector, and is much more insulated from the internet threat.
Another name I like here is Simon Property Group, SPG. I added a 1/3 position in this stock yesterday for the same reasons....
Best,
Chump
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