Kimco Realty Corp KIM

Kimco Realty Corporation is a real estate investment trust (REIT) that focuses on developing, owning, and operating open-air, grocery-anchored shopping centres and mixed-use assets. The company was incorporated in 1994 and is one of the largest publicly traded owners and operators of commercial properties in North America. Kimco Realty Corporation has its headquarters in Jericho, New York, as well as offices in Arizona, California, Colorado, Connecticut, Florida, Georgia, Maryland, Massachusetts, Puerto Rico, and several other US states.

The company primarily concentrates on the developments in first-ring suburbs of major metropolitan markets. These include high-barrier-to-entry coastal markets and expanding Sun Belt cities. The company’s tenant mix mainly consists of those providing essential and necessity-based goods and services that warrant several shopping trips per week. Kimco Realty Corporation supports environmental, social, and governance agendas that benefit local communities.

This company is included in the S&P 500 Index. As of December 2021, Kimco Realty Corporation owned interests in more than 540 US-based shopping centres and mixed-use assets comprising 93 million square feet of gross leasable space. The company has been trading on the NYSE since 1991 under the KIM stock ticker.

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