Is Kimco Realty Stock a Buy?
Kimco Realty (NYSE: KIM) may look like a stock to avoid at first glance. As a real estate investment trust (REIT) specializing in shopping centers, it has seen foot traffic fall and malls empty as more consumers buy online. Given that trend, why would anyone see Kimco as an appealing investment when many retail spaces have become derelict or repurposed for other uses?
However, some retail spaces have remained vibrant. Moreover, the continuous changes in Kimco's portfolio create a possible opportunity in its stock. In the end, whether Kimco stock is a suitable investment may hinge on one's investment goals rather than the direction of the retail REIT industry.
To be sure, discussion of the so-called "retail apocalypse" may have become overblown. Brick-and-mortar retail is not going away; it is merely shrinking. This is shown by the fact that stores such as Costco Wholesale and Walmart have leveraged their online and brick-and-mortar presences into a competitive advantage.
Source Fool.com
