
Kimco Realty's Series D Preferred Shares Crosses Above 6% Yield Territory

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Kimco Realty Corp's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (KIM.PRN) yielded above 6% on Wednesday, trading as low as $59.90. This yield is below the average of 8.11% in the Real Estate preferred stock category. KIM.PRN is at a 21.08% premium to its liquidation preference, contrasting with the average discount of 14.38% in the sector. The shares are down about 0.7% for the day, while common shares (KIM) are down 0.5%.
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