Kimco Realty
 | |
| Company type | Public company |
|---|---|
| NYSE: KIM S&P 500 Index component | |
| Industry | Real estate investment trust |
| Founded | 1958 |
| Founder | Milton Cooper and Martin Kimmel |
| Headquarters | Jericho, New York |
Key people | Milton Cooper, Chairman Conor C. Flynn, CEO Ross Cooper, CIO David Jamieson, COO Glenn G. Cohen, CFO |
| Revenue |  $296.1 million (2017) |
| $110.0 million (2017) | |
| Total assets | $11.0 billion (2017) |
| Total equity | $4.9 billion (2017) |
Number of employees | 546 (2017) |
| Website | www |
| Footnotes / references [1] | |
Kimco Realty Corporation is a real estate investment trust that invests in shopping centers. As of December 31, 2019, the company owned interests in 409 shopping centers, comprising 72.4 million square feet of leasable space.
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.
In 1991, the company became a public company via an initial public offering, raising $120 million.[2]
In 1998, the company acquired Price REIT for $535 million in stock.[3]
In October 2003, the company acquired Mid-Atlantic Realty Trust for $441 million.[4][5] They acquired retail properties of the Birchwood Development Company (NY) for $92 million in July 2007[6][7]
References
- ^ "Kimco Realty Corporation 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ 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 Business Wire, October 08, 2007
- ^ GC Firm Buys Jericho Atrium, 2 Mineola Properties GC News, August 03, 2007