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Kimco Realty Corporation
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers...
Kimco Realty Corporation
Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. The company owns interests in over 550 U.S. shopping centers and mixed-use assets comprising 100 million+ square feet of gross leasable space.
General information
Firm type
Real Estate Investment Trust
Year founded
1960
Location
Region
North America
Country
United States
City
Jericho
Corporate office
Jericho, NY, United States
Additional offices
Vail · Toronto · Washington · Los Angeles · Basking Ridge · Wilton
Principals
Conor Flynn
Chief Executive Officer
Glenn Cohen
Chief Financial Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Kimco Realty?
Conor Flynn, CEO since 2016, leads Kimco. The acquisition and redevelopment pipeline is managed by the executive team including CFO Glenn Cohen and the head of investments. Major capital allocation decisions are subject to board approval.
Is Kimco Realty structured as a family office or a publicly traded entity?
Kimco Realty is a publicly traded real estate investment trust (REIT), not a family office. It is owned by public shareholders and reports quarterly financial results to the SEC. The firm is taxed as a REIT and must distribute at least 90% of taxable income to shareholders.
What property types does Kimco Realty focus on?
Kimco focuses on grocery-anchored open-air shopping centers. The firm has also expanded into mixed-use developments combining retail with residential and office, and last-mile logistics infill. It does not own enclosed malls or large regional shopping centers.
How does Kimco Realty generate returns for shareholders?
Kimco generates income primarily through leasing retail space to tenants. The firm also participates in property development and redevelopment. Income is distributed to shareholders as dividends, with the annual dividend yield historically in the 3–5% range.
Does Kimco Realty have exposure to international markets?
Kimco's portfolio is concentrated in the United States, with a smaller presence in Canada. The firm sold its Latin American assets in the 2010s. No other international holdings are disclosed.
What is Kimco Realty's environmental strategy?
Kimco has set greenhouse gas reduction targets and reports to the Global Real Estate Sustainability Benchmark (GRESB). The firm has installed solar panels at select properties and pursues energy efficiency upgrades. Full details are in its annual ESG report.
How does Kimco Realty's approach differ from mall REITs?
Kimco's open-air, grocery-anchored centers are classified as necessity-based retail, with lower exposure to department stores and fashion tenants. This defensive posture has historically generated more stable occupancy and rent collections, particularly during downturns.
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