Kimco Realty

Kimco Realty Corporation is a real estate investment trust that invests in shopping centers. As of December 31, 2021, the company owned interests in 541 U.S. shopping centers and mixed-use assets comprising 93 million square feet of gross leasable space.[1]

Kimco Realty Corporation
TypePublic company
NYSE: KIM
S&P 500 component
IndustryReal estate investment trust
Founded1958 (1958)
FoundersMilton Cooper
Martin Kimmel
HeadquartersJericho, 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)
Websitewww.kimcorealty.com
Footnotes / references
[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

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