Kimco Realty

Kimco Realty Corporation is a real estate investment trust that invests in shopping centers. As of September 30, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets.[1]

Kimco Realty Corporation
TypePublic company
NYSE: KIM
S&P 500 Index 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 $1.158 billion (2019)
$410 million (2019)
Total assets $10.997 billion (2019)
Total equity $4.928 billion (2019)
Websitewww.kimcorealty.com
Footnotes / references
[1]

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]

In 2007, the company acquired Birchwood Development Company (NY) for $92 million.[6]

References
  1. "Kimco Realty Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.
  3. Kirkpatrick, David D. (January 14, 1998). "Kimco to Announce Pact to Acquire Price REIT for $535 Million in Stock". The Wall Street Journal.
  4. "Kimco Realty Corporation Completes Acquisition of Mid-Atlantic Realty Trust" (Press release). Business Wire. October 1, 2003.
  5. "Kimco to Buy Mid-Atlantic Realty Trust for $444 Million". The New York Times. Bloomberg news. June 19, 2003.
  6. "Kimco Realty Corporation announces third quarter transaction activity" (Press release). Business Wire. October 8, 2007.
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