Kimco Realty: Difference between revisions
m wikilink |
Importing Wikidata short description: "Real estate investment trust" (Shortdesc helper) |
||
| Line 1: | Line 1: | ||
{{Short description|Real estate investment trust}} |
|||
{{Infobox company |
{{Infobox company |
||
| name = Kimco Realty Corporation |
| name = Kimco Realty Corporation |
||
Revision as of 03:36, 15 May 2021
 | |
| Company type | Public company |
|---|---|
| NYSE: KIM S&P 500 Index component | |
| Industry | Real estate investment trust |
| Founded | 1958 |
| Founders | Milton Cooper Martin Kimmel |
| Headquarters | Jericho, New York |
Key people | Milton Cooper, Chairman Conor C. Flynn, CEO Glenn G. Cohen, CFO |
| Revenue |  $1.158 billion (2019) |
| $410 million (2019) | |
| Total assets | $10.997 billion (2019) |
| Total equity | $4.928 billion (2019) |
| Website | www |
| Footnotes / references [1] | |
Kimco Realty Corporation is a real estate investment trust (REIT) that invests in shopping centers. As of December 31, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets.[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]
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 (NY) for $92 million.[7]
In 2021, the company announced its intention to acquire Weingarten Realty.[8]
References
- ^ a b "Kimco Realty Corporation 2019 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.
- ^ [1]
External links
- Business data for Kimco Realty Corporation: