Kimco Realty
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Company type | Public |
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| NYSE: KIM S&P 500 component | |
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| Headquarters | Jericho, New York |
Area served | Contiguous United States and Puerto Rico |
Key people | Milton Cooper (chairman) Conor C. Flynn (CEO) Glenn G. Cohen (CFO) |
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| Total equity | Increase $10.797 billion (2024) |
| Owner | Milton Cooper (1.6%) |
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| Subsidiaries | RPT Realty[1] |
| Website | www |
| Footnotes / references [2] | |
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Kimco Realty Corporation – colloquially known as Kimco – is a real estate investment trust headquartered in Jericho, New York, that invests in shopping centers throughout the Contiguous United States and the Commonwealth of Puerto Rico.
Overview
As of December 31, 2025, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.[2]
Kimco was the first public vertically integrated REIT designed to be internally managed and advised, providing its own property and asset management.[3]
History
The Kimco Corporation, the predecessor of the company, was founded in 1966 by a group of real estate investors, including Martin Kimmel and Milton Cooper, who merged their retail assets. This asset merger led to the new company being named Kim-co. The company was incorporated in 1973.[2]
In 1988, the company acquired Gold Circle for $325 million.[4]
In November 1991, the company became a public company via an initial public offering, raising $120 million.[2][5]
In 1998, the company acquired Price REIT for $535 million in stock.[6]
In October 2003, the company acquired Mid-Atlantic Realty Trust for $441 million.[7][8] A few years later, in 2007, Kimco acquired The Birchwood Organization – another Long Island-based company – for $92 million.[9]
In August 2021, the company acquired Weingarten Realty.[10]
In November 2022, the company acquired a portfolio of eight Long Island, NY shopping centers for $375.8 million.[11]
In January 2024, Kimco acquired RPT Realty, making the company the largest shopping center REIT.[12]
In October 2024, the company acquired Waterford Lakes Town Center for $322 million.[13]
See also
References
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- ^ Page Module:Citation/CS1/styles.css has no content."Kimco Realty® Closes Acquisition of RPT Realty" (Press release). Business Wire. January 2, 2024.
- ^ a b c d Page Module:Citation/CS1/styles.css has no content."Kimco Realty Corporation 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 21, 2025.
- ^ Page Module:Citation/CS1/styles.css has no content.Brueggeman, William (2016). Real estate finance and investments. New York, NY: McGraw-Hill Education. ISBN 978-0-07-337735-3. OCLC 908192655.
- ^ Page Module:Citation/CS1/styles.css has no content.Barmash, Isadore (September 8, 1988). "Kimco Buys Campeau's Gold Circle". The New York Times.
- ^ Page Module:Citation/CS1/styles.css has no content.Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.
- ^ Page Module:Citation/CS1/styles.css has no content.Kirkpatrick, David D. (January 14, 1998). "Kimco to Announce Pact to Acquire Price REIT for $535 Million in Stock". The Wall Street Journal.
- ^ Page Module:Citation/CS1/styles.css has no content."Kimco to Buy Mid-Atlantic Realty Trust for $444 Million". The New York Times. Bloomberg news. June 19, 2003.
- ^ Page Module:Citation/CS1/styles.css has no content.Trainor, Tim (June 20, 2003). "Kimco To Buy Mid-Atlantic in $680M Deal". CoStar Group.
- ^ Page Module:Citation/CS1/styles.css has no content."Kimco Realty Corporation announces third quarter transaction activity" (Press release). Business Wire. October 8, 2007.
- ^ Page Module:Citation/CS1/styles.css has no content."Kimco Realty and Weingarten Realty Investors Announce Closing of Merger" (Press release). Business Wire. August 4, 2021.
- ^ Page Module:Citation/CS1/styles.css has no content.Rogers, Jack (November 10, 2022). "Kimco Buys Long Island Shopping Center Portfolio for $376M". GlobeSt.com.
- ^ Page Module:Citation/CS1/styles.css has no content.Fifelski, Anna (January 3, 2024). "Kimco Realty completes deal to buy owner of 8 Michigan shopping centers". Crain Communications.
- ^ Page Module:Citation/CS1/styles.css has no content.Fraser, Trevor; Ryzewski, Steven (October 2, 2024). "Waterford Lakes Town Center sells for $322 million". American City Business Journals.
External links
- Official website
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