Kimco Realty: Difference between revisions
No edit summary |
updated description and logo Tags: Reverted Visual edit |
||
| Line 1: | Line 1: | ||
{{Short description|Real estate investment trust}} |
{{Short description|Real estate investment trust}} |
||
{{Infobox company |
{{Infobox company |
||
| name |
| name = Kimco Realty Corporation |
||
| logo = https://kimcorealty.widen.net/s/wfhc8fmpjk/kimco-logo-regular-blue-rgb |
|||
| logo = Kimco_color_widen header-01.jpg |
|||
| logo_size |
| logo_size = |
||
| type |
| type = [[Public company]] |
||
| traded_as |
| traded_as = {{New York Stock Exchange|KIM}}<br>[[S&P 500]] component |
||
| industry |
| industry = [[Real estate investment trust]] |
||
| foundation |
| foundation = {{Start date and age|1958}} |
||
| founders |
| founders = Milton Cooper<br>[[Martin Kimmel]] |
||
| location |
| location = [[Jericho, New York]] |
||
| key_people |
| key_people = Milton Cooper, [[Chairman]]<br>Conor C. Flynn, [[CEO]]<br>Glenn G. Cohen, [[CFO]] |
||
| revenue |
| revenue = {{decrease}} $1.044 billion (2020) |
||
| net_income |
| net_income = {{increase}} $975 million (2020) |
||
| assets |
| assets = {{increase}} $11.614 billion (2020) |
||
| equity |
| equity = {{increase}} $5.608 billion (2020) |
||
| num_employees = 484 (2020) |
| num_employees = 484 (2020) |
||
| homepage |
| homepage = {{URL|https://www.kimcorealty.com/}} |
||
| footnotes |
| footnotes = <ref name=10K>{{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/879101/000143774921003766/kim20201231_10k.htm | title=Kimco Realty Corporation 2020 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref> |
||
}} |
}} |
||
Revision as of 19:59, 5 May 2022
| Company type | Public company |
|---|---|
| NYSE: KIM S&P 500 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 |  $1.044 billion (2020) |
 $975 million (2020) | |
| Total assets | $11.614 billion (2020) |
| Total equity | $5.608 billion (2020) |
Number of employees | 484 (2020) |
| Website | www |
| Footnotes / references [1] | |
Kimco Realty Corporation is a real estate investment trust that invests in shopping centers. As of March 31, 2022, the company owned interests in 537 U.S. shopping centers and mixed-use assets comprising 93 million square feet of gross leasable space.[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 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: