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Kimco Realty:该REIT 6.5%的股息收益率有多安全?

Kimco Realty:该REIT 6.5%的股息收益率有多安全?

ZUOZHE:Sure Dividend

摘要

  • Kimco Realty的股价较2016年的高位下跌超过40%。由于其接触购物中心,该股票已经萎靡不振。
  • 然而,市场悲观情绪似乎过于夸张。Kimco拥有高品质(和改善)的房地产投资组合。
  • 经营资金继续支付股息。因此,Kimco是一个具有吸引力的高收益股票,具有安全的股息。

Kimco Realty极速排列3(纽约证券交易所代码:KIM)是一家房地产投资信托基金,其股价在过去几年受到了相当大的压力。例如,它在户外购物中心所处的利基远没有像低层商场那么危险,这就是为什么对房地产投资信托未来表现的担忧可能会被夸大其词。

极速排列3Kimco RealtyTIGONGDEGUXIZAIZHEILISHOUYILVWEI6.5%,JIHUSHITOUZIZHEXIANZAICONGDAPANZHONGHUODEDESIBEI。KimcoSHIWOMENFUGAIDESHOUYILVZUIGAODEGUPIAOZHIYI。NINKEYIZAICICHUCHAKANWOMENDE5%+SHOUYIGUXIGUPIAODEWANZHENGLIEBIAO。

Kimco RealtyYONGYOUGAOPINZHI(HEGAISHAN)DEFANGDICHANTOUZIZUHE。GAIGONGSICHANSHENGLEZUGOUDEFFOLAIZHIFUGUXI,ZHEIYIWEIZHEZHIFUSIHUSHIANQUANDE。WOMENRENWEIKimcoDEGAOGUXISHOUYILVWEI6.5%,DUIXUNQIUYOUZHIFANGDICHANTOUZIXINTUOJIJINDESHOUYITOUZIZHEYOUQIJUYOUXIYINLI。

业务概览和最新结果

Kimco RealtySHIYIJIAFANGDICHANTOUZIXINTUOGONGSI。GAIGONGSIZAIMEIGUOGEDIYONGYOUBINGJINGYINGLUTIANGOUWUZHONGXIN。Kimco RealtyMUQIANDESHIZHIWEI72YIMEIYUAN,ZHEISHIDEKimco RealtyCHENGWEIMEIGUOJIAODADELINGSHOUFANGDICHANTOUZIXINTUOJIJINZHIYI。

极速排列3Kimco Realty ZAI1YUE31RIGONGBULEQIZUIXINDEJIDUSHOUYIJIEGUO。GAIGONGSIBAOGAOCHENG,TAZAI2018NIANDISIJIDUCHUANGZAOLE2.84YIMEIYUANDESHOURU,BIQUNIANTONGQIXIAJIANGLE9.8%。Kimco RealtyDEYUNYINGZIJINANMEIGU0.35MEIYUANJISUAN,FUHEFENXISHIDEYUQI,DANRENGJIAOQUNIANTONGQILVEYOUXIAJIANG。

ZHAKANZHIXIASHOURUXIAJIANGZONGSHIKANQILAIHENZAOGAO,DANZAIKimcoDEANLIZHONG,YOUYIGEHENHAODEJIESHIWEISHENMEFANGDICHANTOUZIXINTUOJIJINDESHOURUZAIQUNIANXIAJIANGLE。Kimco RealtyJUEDINGZHUANZHUYUQITOUZIZUHEZHONGZUIYOUQIANTUDEZICHAN,ZHEIJIUSHIWEISHENMEGAIGONGSIZAI2018NIANYIJIQIANJINIANYIZHIZAICHUSHOUFEIHEXINZICHAN。

极速排列3ZHEIXIEZICHANCHUSHOUDAOZHIZUJINSHOUYIJIANSHAO,ZHEIJIUSHIKimco RealtySHOURUXIAJIANGDEYUANYIN。ZHEIXIEZICHANCHUSHOUDEXIANJINSHOUYISHIKimco RealtyNENGGOUCHANGHAIZHAIWU,ZHEIDAOZHILIXIZHICHUJIANSHAO,ZHEIJIUSHIWEISHENMEJINGUANFANGDICHANTOUZIXINTUOJIJINCHANSHENGDEZUJINSHOURUJIAODI,DANYUNYINGZIJINBINGMEIYOUDAFUXIAJIANG。

YINCI,Kimco RealtyZAI2018NIANDISIJIDUYIJI2018NIANQIJIANDEYUNYINGSHOURUXIAJIANGHEYUNYINGZIJINXIAJIANG,BUSHIJICHUYEJIPIRUANDEJIEGUO,ERSHIGUANLICENGJUEDINGJIANGFANGDICHANTOUZIXINTUOZHONGXINDINGWEIYUZUIJUQIANLIZICHANDEJIEGUOZAITOUZIZUIYOUQIANJINGDEXIANGMUDETONGSHI,TONGGUOCHUSHOUXIYINLIJIAOXIAODEFANGCHANLAITISHENGFANGDICHANTOUZIXINTUOJIJINDEPINGJUNZHILIANG。GUANLICENGRENWEI,ZHEIYIZHANLVEJIANGSHIFANGDICHANTOUZIXINTUOJIJINZAIWEILAIDEZENGZHANGZHONGCHUYUYOULIWEIZHI,BINGSHIFANGDICHANTOUZIXINTUOJIJINZAIYUWANGSHANGGOUWUDENGNIFENGDETONGSHIGENGJUDANXING。YINCI,DUIYUKimco RealtyDEZHANGQIDAOXIANGXINGTOUZIZHELAISHUO,ZHIXINGZHEIYANGDECELVEFUHEZUIJIALIYI,JISHISUOSHUCELVEDUIGONGSIDEZUIGAOHEZUIDILIRUNCHANSHENGYIXIEDUANQIDEZULI。

Kimco Realty的投资组合很强大并且变得更强大

ZAILINGSHOUFANGDICHANTOUZIXINTUOXINGYE,ZICHANDEMINGYUNKENENGKANQILAIFEICHANGBUTONG,JUTIQUJUEYUZHEIXIEZICHANDEZHILIANG。TOUZIYUZUIGAOZHILIANGZICHANDELINGSHOUFANGDICHANTOUZIXINTUOJIJIN,RUFANGDICHANSHOURU(O)HEXIMENGDICHANJITUAN(SPG),YIJINGKANDAOTAMENDETOUZIZUHECHANSHENGLEYOUXIYINLIDEHUIBAO,BINGQIETAMENDEGUJIAZAITONGYISHIJIANJIXUBIAOXIANLIANGHAO。LINGYIFANGMIAN,CBL Properties(CBL)DENGDIZHILIANGGOUWUZHONGXINDEYEZHUYIJINGKANDAOTAMENDEGUJIASHOUDAOYANZHONGPOHUAI,YINWEISHICHANGZHONGXINDINGJIAZHEIXIEFANGDICHANTOUZIXINTUOJIJINDEGUQUANYIFANYINGQIFEICHANGRUODEJINGYINGYEJIHETAMENDEFANGCHANJIAZHIXIAJIANG:

图表YCharts的数据

极速排列3JUYOUJIAODIZHILIANGZICHANDEFANGDICHANTOUZIXINTUOJIJINTONGCHANGRENGHUICHANSHENGXIANGDANGDADEXIANJINLIU,DANYOUYUQIXIANJINLIUDEWEILAIQIANJINGBUSHIGUOYUJIJI,JINCIYIDIANBINGBUYIDINGSHITOUZIQIGUPIAODECHONGFENLIYOU。

Kimco RealtySHIHEZHONGJIANWEIZHI,BIAOXIANQIANGSHI(Realty IncomeHESimon Property Group)YURUOSHIBIAOXIANZHEZHIJIAN。Kimco RealtyDEGUJIAZAIGUOQUSHINIANZHONGSHANGZHANGLEYUE60%,DANZAIGUOQUSANNIANZHONGTAMENZAOSHOULEXIANGDANGDADEDAJI,CONGMEIGUCHAOGUO30MEIYUANDEFENGZHIXIAJIANGDAOMUQIANDE17MEIYUANZUOYOU。

JINGUANRUCI,RUOSHIGUJIABIAOXIANBINGWEIZHENGQUEFANYINGJIBENYUNYINGJINDU,YINWEIKimco RealtyDEJIBENMIANBINGFEIYICUERJIU。WEILEHENGLIANGWEILAIDUIKimco RealtyDEYINGXIANG,WOMENBUYINGGAIKAOLVSHOURUHEFFODENGSHUJU,YINWEIZHEIXIESHUJUBEIFANGDICHANTOUZIXINTUOJIJINDEZICHANCHUSHOUSUONIUQU。

Kimco表演资料来源:Kimco Realty 演讲

DANGWOMENKANYIXIAKimco RealtyDEYIXIEYUNYINGZHIBIAOSHI,WOMENKANDAOJIGEJIJIYINSU:RUZHULVXIANGDUIJIAOGAO,DAYUEWEI96%,RUZHULVMEIYOUZOUXIANGCUOWUDEFANGXIANG - XIAODIANPURUZHULVCHUYULISHIZUIGAOSHUIPINGXIANZAI,ZHEIBIAOMINGDUIKimco RealtyKEYICHUZUDEGOUWUKONGJIANDEXUQIUXIANGDANGGAO。

Kimco RealtyDELINGSHOUKONGJIANXUQIUYEBUHUIBEIKimco RealtyTONGGUOJIANGDIZUJINLAITUIDONG,YIBIANRENWEIDITUIGAORUZHULV; QIAQIAXIANGFAN。ZUIJINYIGEJIDU,Kimco RealtyDEXINZUYUELILVSHANGDIAOLEJIN13%,ZHEISHILIANXUDIWUNIANXINZUYUEDEZUJINSHANGZHANGLELIANGWEISHU。

极速排列3JIEHEZHEILIANGGEKUAIZHAO,KANQILAIKimco RealtyDEZULINKONGJIANFEICHANGJUYOUXIYINLI,ZHEIJIUSHIWEISHENMERUZHULVHENGAOQIEBUDUANSHANGSHENGDEYUANYIN,JINGUANKimco RealtyJIXUYIXIANGDANGXIANZHEDESUDUTIGAOZUJINLV。Kimco RealtyDEZUHUXIANRANYOUBANFAZHIFUGENGGAODEZUJIN,TAMENYUANYIZHEIYANGZUO,ZHEIYIWEIZHEKimco RealtyDEFANGCHANBIXUDUIZUHUYOUXIYINLI。

极速排列3DANGWOMENZIXIYANJIUKimco RealtyDEZICHANJICHUSHI,ZHEIBINGBUQIGUAI:

http://static.seekingalpha.com/uploads/2019/4/23/28873105-15560077798485003.png资料来源:Kimco Realty 演讲

Kimco RealtyDETOUZIZUHEZHUYAOJIZHONGZAIZHUYAODEDITIESHICHANG,ZHANJULEKimco RealtyZUJINSHOURUDE80%YISHANG。Kimco RealtyZUIDADEDANYISHICHANGSHINIUYUESHI,QIZHONG13.4%DEKimco RealtyDEZUJINCHANSHENG。QITAZHUYAOSHICHANGSHIHUASHENGDUNTEQU(ZHANZONGZUJINSHOUYIDE11.8%)HELUOSHANJI(ZHANZUJINZONGSHOURUDE10%)。DANGFENXISHIHEZHUANJIATANLUNLINGSHOUZAINANSHI,ZHEIXIEXIANRANBUSHISHICHANG,ZHEIDUIYUDIDENGJISHANGCHANG(JIQIYUNYINGSHANG)LAISHUOZHUYAOSHIYIGEWENTI,QIZHONGWUYEWEIYUJIAOXIAODECHENGZHEN,ERZHEIXIECHENGZHENDERENKOUJIAOSHAOQIERENKOUJIAOSHAO。ZENGZHANGLVDIHUOGENBENBUCUNZAI。NIUYUESHIDENGJINGJIQIANGJING,RENKOUZENGZHANG,RENKOUMIDUGAODESHICHANGSHOUYINGXIANGJIAOXIAO。

极速排列3Kimco RealtyZHUANZHUYUZHEIXIEJIJUXIYINLIDECHENGSHISHICHANGBINGFEIQIAOHE,ERSHIKimco RealtyZAIGUOQUJINIANDEZHANLVEJIEGUO。DUONIANLAI,FANGDICHANTOUZIXINTUOJIJINYIZHIZAIBUTAIXIYINRENDESHICHANGSHANGCHUSHOUFEIHEXINZICHAN,ZAI2010NIANZHI2018NIANQIJIAN,FANGDICHANSHULIANGDAZHIJIANSHAOLEYIBAN。ZHEIDAOZHILEYIGEJUYOUGAOPINGJUNZHILIANGDEJINGLIANTOUZIZUHE,ZHEIJIUSHIWEISHENMEJIBENYEJI(ZHANYONGLVHEZULINJIACHA)FEICHANGJIJIDEYUANYIN。

ZHEIYEFANYINGZAIKimco RealtyDEJINGYINGYESHOURUZHONG。ZAI2018NIANQIJIAN,Kimco Realty ZAITONGYIFANGDICHANJICHUSHANGDISIJIDUDEJINGYINGYESHOURUZENGZHANGLE2.6%(YOUYUFANGDICHANTOUZIXINTUOJIJINDEZICHANCHUSHOU,GONGSIFANWEIDEJINGYINGYESHOURUXIAJIANG)。MEINIAN2-3%DENOIZENGZHANGLVFEICHANGJUYOUXIYINLI,YINWEIZHEIJIANGYUNXUFFOZENGZHANGLVDADAOXIANGTONGDEFUDU,QITATIAOJIANXIANGTONG。YIDANZICHANXIAOSHOUWANCHENGQIEKimco RealtyDEZICHANSHULIANGZENGJIA,YOUYUZAITEDINGSHICHANGTOUZIXINFANGCHAN,FFOZENGZHANGLVSHENZHIKENENGGAOYUCI。

极速排列3Kimco RealtyZHIDAO2019NIANJINGYINGYESHOURUZENGZHANG1.5-2.5%(ZAITONGYIFANGDICHANSHUIPING),YINCIKANQILAIJINJINIANDEWENJIANBIAOXIANJIANGJIXUXIANGQIANFAZHAN。

DADUOSHUFANGDICHANTOUZIXINTUOJIJINBUSHIGAOZENGZHANGTOUZI,ERQIEKimco RealtyYONGYUANBUHUIBIANCHENGZHEIYANGDETOUZI,DANJISHIMEIGUFFOMEINIANDEZENGZHANGLVJINWEI2-3%,ZHEISIHUSHITONGGUONOIZENGZHANG,XINDEZUHELAISHIXIANDE。TOUZIHEGUPIAOHUIGOU,Kimco RealtyKEYICHANSHENGFEICHANGYOUXIYINLIDEZONGHUIBAO。

Kimco Realty 6.6%的股息收益率:安全且有吸引力

Kimco RealtyDEZONGHUIBAOZHONGZUIDABUFENLAIZIGUXIZHIFU。GUJIASHANGZHANG(YOUYUMEIGUFFOZENGZHANG)KENENGSHICIYAOYINSU。

极速排列3Kimco RealtyMEINIANZHIFU1.12MEIYUANDEGUXI,ZHEIYIWEIZHEFANGDICHANTOUZIXINTUOJIJINDEPAIXIBILVXIANGDUIYU2019NIANQIJIAN1.46MEIYUANDEYUNYINGZIJIN(ANZHAOGUANLICENGDEZHIDAO)WEI77%。ZHEIGENBENBUSHIDIPAIXILV,YEBUSHIREITDEBUFUZERENDEGAOPAI。FANGDICHANTOUZIXINTUOJIJINTONGCHANGMEIYOUFEICHANGBUWENDINGDEJIEGUO,ZHEIJIUSHIWEISHENMEJISHIJINGJIZAIKEYUJIANDEWEILAICHUYUJIAORUODEWEIZHI,YUNYINGZIJINYEHENKENENGBUHUIDAFUXIADIE。

极速排列3YINCI,GUXIKANQILAIXIANGDUIANQUAN,JINGUANTOUZIZHEHENKENENGXUYAODENGDAIYIDUANSHIJIANCAINENGHUODEXIAYICIJIAXI。Kimco Realty ZAI2018NIANMEIYOUZENGJIAGUXI,YINWEIZHIFUYIJINGLIANXULIUGEJIDUBAOCHIZAIMEIJIDU0.28MEIYUANDEDANGQIANSHUIPING。YOUYUGUXISHOUYILVYIJINGXIANGDUIJIAOGAO,YINCIKimco RealtyDEGUANLICENGBINGBUXUYAOZAIBUJIUDEJIANGLAITIGAOGUXI,ZHEIJIUSHIWEISHENMEFANGDICHANTOUZIXINTUOJIJINKENENGHUIGUANZHUQITASHIXIANG,RUZHONGJIAN,GUPIAOHUIGOUHEZHAIWUJIANSHAOXIANJINLIULIANGGUOSHENG,ERBUSHITIGAOGUXI。

极速排列3Kimco RealtyYONGYOUSUOYOUSANJIAZHUYAOPINGJIJIGOUDETOUZIJIXINYONGPINGJI,ZHEIBIAOMINGKimco RealtyDEZICHANFUZHAIBIAOZUGOUQIANGDA,LIUDONGXINGGENBENMEIYOUWENTI。ZHEIJINYIBUJIAQIANGLEWOMENDUIGUXIMEIYOUWEIXIANDEKANFA。PINGJIE22.5YIMEIYUANDEWUDIYAXINDAIEDU,10.5NIANDEJIAQUANPINGJUNZHAIWUDAOQIQIXIANYIJI3.2BEIDEGUDINGSHOUFEIFUGAILV,Kimco RealtyKANQILAIXIANGSHIYIGEZIJINFEICHANGWENGUDEFANGDICHANTOUZIXINTUOJIJIN,WULUNSHIFOUYINGGAICHUXIANRENHEWENTILILVHUIFUPANSHENGHUOZAIJIAOZHANGYIDUANSHIJIANNEIWEICHIXIANYOUSHUIPING。

总结

极速排列3JINGUANFANGDICHANTOUZIXINTUOJIJINZAIGAISHIJIANKUANGJIANEIDEBIAOXIANBUJIA,DANKimco RealtyDEGUJIAZAIGUOQUJINIANZHONGZAOSHOULEPOHUAI。YU2017NIANXIANGBI,Kimco RealtyDEZICHANXIAOSHOUDAOZHI2018NIANYINGYESHOURUHEZIJINJIANSHAO,DANJIBENYEJIRENGRANXIANGDANGWENGU。

Kimco RealtyDEFANGCHANDUIZUHUJUYOUXIYINLI,ZHEIJIUSHIWEISHENMEJINGYINGYESHOURUYINGGAIJIXUZENGJIADEYUANYIN,ZHEIJIUSHIWEISHENMEYIDANZICHANXIAOSHOUBEIZHONGDIE,YUNYINGZIJINYINGGAIHUIFUPANSHENGDEYUANYIN。YUCITONGSHI,YIDANSHICHANGYISHIDAOKimco RealtySHIYIJIANENGGOUCONGYUNYINGZHONGTIGONGBUDUANZENGJIADEZIJINDEFANGDICHANTOUZIXINTUOJIJIN,DENGDAIKimco RealtyDEGUJIASHANGZHANG,TOUZIZHEHUODE6.6%DEJIJUXIYINLIDEGUXISHOUYILV。

极速排列3YOUYUQILUTIANGOUWUZHONGXINZHUANZHUYUZAHUODENGZUHU,Kimco RealtyXIANGDUIBUSHOUYAMAXUN(NASIDAKEGUPIAODAIMA:AMZN)DEWEIXIE,WENJIANDEZICHANFUZHAIBIAOHECHONGZUDELIUDONGXINGYIWEIZHEGUXIXUEJIANDEFENGXIANXIANGDANGDI。