March 19, 2018 Comments (0) Blog, Current Investigations

Kimco Realty (KIM) – Mall REITs on the Decline

Kimco Realty

Mall Reits suffer as more retailers close their doors.

According to reports, the news on the Toys “R” Us bankruptcy last week has sent the share price of mall REITs, such as Kimco Realty (KIM), spiraling downward.

Kimco Realty Corporation is a real estate investment trust headquartered in New Hyde Park, New York., that is one of North America’s largest publicly traded owner and operator of open-air shopping centers.

According to Business Insider, “At $14.25, shares {of Kimco Realty} are down 37% from a year ago and 56% since the end of July 2016.”

In addition, with shares down, the company will likely need to preserve capital. Unfortunately, it appears likely that investors will see dividend cuts in the future.

With the decline of malls and shopping centers and the increase in online shopping, the future for Retail REITs, such as Kimco Realty, is not bright.

Kimco Realty – Securities Investigation

The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Kimco Realty to investors.

Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.

Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.

If you are concerned about your investment in Kimco Realty or another mall REIT, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit https://whitesecuritieslaw.com.