Kimco Realty: Difference between revisions

Kimco Realty Corporation
Company type	Public company
Traded as	NYSE: KIM; S&P 500 component
Industry	Real estate investment trust
Founded	1958; 66 years ago
Founders	Milton Cooper; Martin Kimmel
Headquarters	Jericho, New York
Key people	Milton Cooper, Chairman; Conor C. Flynn, CEO; Glenn G. Cohen, CFO
Revenue	$1.044 billion (2020)
Net income	$975 million (2020)
Total assets	$11.614 billion (2020)
Total equity	$5.608 billion (2020)
Number of employees	484 (2020)
Website	www.kimcorealty.com
	Footnotes / references;

Browse history interactively

← Previous edit Next edit →

Content deleted Content added

VisualWikitext

Inline

Revision as of 00:31, 19 January 2023

Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week.

Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. 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 60 years. As of September 30, 2022, the company owned interests in 526 U.S. shopping centers and mixed-use assets comprising 91 million square feet of gross leasable space.

BUILDING THE FUTURE OF RETAIL^[1]

Kimco Realty was the first public vertically integrated REIT designed to be internally managed and advised, providing its own property and asset management.^[2]

Company Leadership

Executive and Senior Management Milton Cooper Executive Chairman Conor C. Flynn Chief Executive Officer Ross Cooper President & Chief Investment Officer Glenn G. Cohen Executive Vice President, Chief Financial Officer & Treasurer David Jamieson Executive Vice President & Chief Operating Officer Bruce Rubenstein Executive Vice President, General Counsel & Secretary Raymond Edwards Executive Vice President Retailer Services Leah Landro Executive Vice President & Chief Human Resources Officer Thomas Taddeo Executive Vice President & Chief Information Officer David F. Bujnicki Senior Vice President Investor Relations & Strategy Geoffrey Glazer Senior Vice President National Development William Teichman Senior Vice President Business Operations Kathleen Thayer Senior Vice President & Assistant Treasurer Corporate Accounting

U.S. Regional Management Carmen Decker President Western Region Wilbur E. Simmons, III President Southern Region Joshua Weinkranz President Northern Region

Corporate Management Barbara E. Briamonte Vice President Legal David Domb Vice President Research & Data Analytics Paul Dooley Vice President Real Estate Tax & Insurance Kenneth Fisher Vice President & Chief Technology Officer Christopher Freeman Senior Vice President Property Management Scott Gerber Vice President Risk Brett N. Klein Vice President Financial Planning & Analysis Jennifer Maisch Vice President Marketing & Corporate Communications Julio Ramon Vice President Property Finance Jonathon Siswick Vice President Lease Administration Harvey G. Weinreb Vice President Tax Paul Westbrook Vice President & Chief Accounting Office

History

Kimco Realty Corporation was founded in 1966 by a group of real estate investors, including Martin Kimmel and Milton Cooper, who merged their retail assets, thus the company's name of Kim-co.

In 1991, the company became a public company via an initial public offering, raising $120 million.^[3]

In 1998, the company acquired Price REIT for $535 million in stock.^[4]

In October 2003, the company acquired Mid-Atlantic Realty Trust for $441 million.^[5]^[6]

In 2007, the company acquired Birchwood Development Company for $92 million.^[7]

In August 2021, the company acquired Weingarten Realty.^[8]

References

^ ^a ^b "Kimco Realty Corporation 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
^ Brueggeman, William (2016). Real estate finance and investments. New York, NY: McGraw-Hill Education. ISBN 978-0-07-337735-3. OCLC 908192655.
^ Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.
^ Kirkpatrick, David D. (January 14, 1998). "Kimco to Announce Pact to Acquire Price REIT for $535 Million in Stock". The Wall Street Journal.
^ "Kimco Realty Corporation Completes Acquisition of Mid-Atlantic Realty Trust" (Press release). Business Wire. October 1, 2003.
^ "Kimco to Buy Mid-Atlantic Realty Trust for $444 Million". The New York Times. Bloomberg news. June 19, 2003.
^ "Kimco Realty Corporation announces third quarter transaction activity" (Press release). Business Wire. October 8, 2007.
^ "Kimco Realty and Weingarten Realty Investors Announce Closing of Merger" (Press release). Business Wire. August 4, 2021.

External links

Business data for Kimco Realty Corporation:

[10K-1] "Kimco Realty Corporation 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.

[Brueggeman-2] Brueggeman, William (2016). Real estate finance and investments. New York, NY: McGraw-Hill Education. ISBN 978-0-07-337735-3. OCLC 908192655.

[3] Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.

[4] Kirkpatrick, David D. (January 14, 1998). "Kimco to Announce Pact to Acquire Price REIT for $535 Million in Stock". The Wall Street Journal.

[5] "Kimco Realty Corporation Completes Acquisition of Mid-Atlantic Realty Trust" (Press release). Business Wire. October 1, 2003.

[6] "Kimco to Buy Mid-Atlantic Realty Trust for $444 Million". The New York Times. Bloomberg news. June 19, 2003.

[7] "Kimco Realty Corporation announces third quarter transaction activity" (Press release). Business Wire. October 8, 2007.

[8] "Kimco Realty and Weingarten Realty Investors Announce Closing of Merger" (Press release). Business Wire. August 4, 2021.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]