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Kimco Realty Corporation
Kimco Realty Corporation was founded in 1966 and is headquartered in Jericho, New York.
Kimco Realty Corporation
Kimco Realty Corporation was founded in 1966 and is headquartered in Jericho, New York. The company went public in 1991 and is listed on the New York Stock Exchange under the ticker KIM. Conor Flynn has served as CEO since 2016, leading a management team that includes CFO Glenn Cohen. Kimco's portfolio consists primarily of open-air, grocery-anchored shopping centers across major U.S. markets and select Canadian metros. Over the past decade, the company has divested non-core assets and redeveloped properties to include mixed-use residential, office, and last-mile logistics components. Key tenants include Walmart, Home Depot, TJX Companies, and Kroger. The firm also operates a development pipeline for ground-up and redevelopment projects. The firm maintains offices in Vail, Toronto, Washington, D.C., Los Angeles, Basking Ridge, and Wilton. As a REIT, Kimco distributes the majority of its taxable income to shareholders as dividends. In 2024, the company completed the spin-off of its industrial outdoor storage platform, now known as KIM Industrial (per the firm, 2024). Kimco's structural differentiator is its focus on necessity-based, grocery-anchored retail real estate — a defensive positioning compared to mall-based retail. The firm's scale in the open-air format gives it negotiating leverage with tenants and access to institutional capital markets as a publicly traded entity.
General information
Firm type
Real Estate Investment Trust
Year founded
1966
AUM
Undisclosed
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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