Top tenants like TJX Companies TJX, Home Depot and Ahold Delhhaize have fared relatively well. Fitch is of the view that a quality portfolio and well-diversified tenant base has enabled Kimco to witness impressive organic growth as reflected in the year-over year improvement in its same-store net operating income (SSNOI). Furthermore, a well-staggered leasing profile for the company's portfolio will provide stable cash flows in the upcoming period. In addition, the company's efforts to reduce leverage levels also look encouraging. In line with this, proceeds from non-core asset sale have been used for debt reduction and to fund the company's development and redevelopment pipeline. In 2018, it disposed $1.1 billion of assets with nearly $913.9 million in sale proceeds. Fitch noted that monetization of Kimco's investment in grocer Albertsons will provide it with nearly $400 million in cash proceeds that can be used to further reduce debt in the upcoming years.