KIM 📈 Kimco Realty - Overview

Kimco Realty Corporation, listed on the New York Stock Exchange (NYSE) under the ticker symbol KIM, is a prominent real estate investment trust (REIT) that specializes in the ownership and operation of high-quality, open-air shopping centers and mixed-use properties across the United States. The company's strategic focus is on concentrating its portfolio in the first-ring suburbs of major metropolitan markets, which includes both high-barrier-to-entry coastal regions and rapidly growing Sun Belt cities. This approach allows Kimco Realty to capitalize on the demand for retail space in areas with significant consumer spending power and limited supply of quality retail properties.

The tenant mix within Kimco Realty's portfolio is deliberately focused on essential, necessity-based goods and services. This includes grocery stores, pharmacies, and other daily needs retailers that attract customers who visit these centers multiple times a week. By anchoring its properties with such tenants, Kimco Realty aims to create vibrant, community-focused shopping destinations that are resilient to economic fluctuations and changes in consumer behavior. This strategy is complemented by the company's expertise in shopping center management, acquisitions, and redevelopment activities, which it has honed over more than six decades of operation.

As a publicly traded company since 1991 and a constituent of the S&P 500 Index, Kimco Realty has established itself as a leader in the retail REIT sector. It has a long-standing commitment to corporate responsibility, recognizing the importance of sustainable practices, community engagement, and ethical business conduct. This commitment not only enhances the company's reputation but also contributes to the long-term value of its properties and the well-being of the communities it serves. As of September 30, 2024, Kimco Realty's portfolio comprised 567 shopping centers and mixed-use assets, totaling 101 million square feet of gross leasable space, underscoring its significant presence in the U.S. retail real estate market.

With its strong foundation, specialized expertise, and forward-looking approach, Kimco Realty is well-positioned to navigate the evolving retail landscape and capitalize on emerging opportunities. The company's dedication to its stakeholders, including shareholders, tenants, and the communities where it operates, is reflected in its operations and growth strategies. For more information about Kimco Realty Corporation, including its portfolio, corporate initiatives, and investment opportunities, investors and interested parties can visit the company's website at https://www.kimcorealty.com. The company's common stock is traded under the ISIN US49446R1095 and is classified under the GICS Sub Industry of Retail REITs.