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Kimco Realty

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Kimco Realty Corporatioon
Company typePublic
NYSE: KIM
S&P 500 Component
IndustryReal Estate Investment Trust
Founded1958
Headquarters
United States Edit this on Wikidata
Key people
Milton Cooper, Chairman and Conor Flynn, CEO
Revenue$1,167 Million USD (2014)
$831 Million USD (2014)
Number of employees
545 (2014)
Websitewww.kimcorealty.com

Kimco Realty Corporation is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that is North America’s largest publicly traded owner and operator of open air shopping centers. As of December 31, 2015, the company owned interests in 564 U.S shopping centers comprising 90 million square feet of leasable space across 38 U.S. states and Puerto Rico. Publicly traded on the New York Stock Exchange (NYSE) since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit http://www.kimcorealty.com,[1] the company’s blog at http://blog.kimcorealty.com,[2] or follow Kimco on Twitter at http://www.twitter.com/kimcorealty.[3]

History

Kimco Realty Corporation was founded in 1966 by a group of real estate investors who decided to group their shopping center assets to create a resourceful corporation. Martin Kimmel and Milton Cooper were part of the corporation's founders. Originally, Kimco Realty Corporation was focused on building its own shopping centers. During the 1980s, Cooper changed the corporation's strategy to focus on acquisitions.[4] In 1991, Kimco became a public company in the first REIT public offering, valued at $120 million.[5]

Management

Milton Cooper is the company's Executive Chairman, David B. Henry is the company's Vice Chairman and Chief Executive Officer, and Conor Flynn is the company's President, Chief Operating Officer and Chief Investment Officer.[6]

Acquisitions

1999
  • Manhasset Center (New York, NY)[7]
  • Concourse Plaza Shopping Center (New York, NY)[7]
2002
  • Marysville Towne Center (Marysville, WA)[8]
2004
2006
  • Cupertino Village (Cupertino, CA)[10]
2013[11]
  • Village Commons S.C. (Tallahassee, FL), January 2013
  • Columbia Crossing, II (Columbia, MD), January 2013
  • Roseville Plaza (Roseville, MN), January 2013
  • Wilton Campus (Wilton, CT), March 2013
2014[12]
  • Crossroads Plaza (Cary, NC), February 2014
  • Quail Corners (Charlotte, NC), March 2014
  • Boston Portfolio (24 Properties), April 2014
2015 [13]
  • Cooperfield Village (Houston, TX),[14] February 2015
  • Milleridge Inn (Jericho, TX),[15] April 2015
  • Christown Spectrum Mall (Phoenix, AZ),[16] November 2015

Sources

  1. ^ http://www.kimcorealty.com
  2. ^ blog.kimcorealty.com
  3. ^ http://www.twitter.com/kimcorealty
  4. ^ Funding Universe: Kimco Realty Corporation, Funding Universe
  5. ^ Dorothy Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.
  6. ^ [1]
  7. ^ a b Kimco Realty Purchases Pair Of Shopping Centers, Newsday, 8 January 1999
  8. ^ Kimco Realty buys Marysville Towne Center, Seattle Pi, 20 Septembre 2002
  9. ^ Amanda Yeager (5 November 2013). "New construction on site of Enchanted Forest". The Baltimore Sun.
  10. ^ Kimco Realty affiliate buys Cupertino Village for $65M, Silicon Valley Business Journal, 19 March 2006
  11. ^ "Kimco Realty". Quarterly Supplemental.
  12. ^ "Kimco Realty" (PDF).
  13. ^ http://investors.kimcorealty.com/Cache/1001206445.PDF?Y=&O=PDF&D=&fid=1001206445&T=&iid=102965
  14. ^ http://www.kimcorealty.com/1749
  15. ^ http://www.kimcorealty.com/1754
  16. ^ http://www.kimcorealty.com/1755
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