Company:Kimco Realty
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| Type | Public |
|---|---|
| NYSE: KIM S&P 500 component | |
| Industry | Real estate investment trust |
| Founded | 1958 |
| Founders | Milton Cooper Martin Kimmel |
| 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) |
| Revenue |  $2.037 billion (2024) |
 $410 million (2024) | |
| Total assets | $20.309 billion (2024) |
| Total equity | $10.797 billion (2024) |
| Owner | Milton Cooper (1.6%) |
Number of employees | 717 (2024) |
| Website | www |
| Footnotes / references [1] | |
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
As of December 31, 2024, the company owned interests in 568 U.S. shopping centers and mixed-use assets comprising 101.1 million square feet of gross leasable space.[1]
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.[1]
In 1988, the company acquired Gold Circle for $325 million.[2]
In November 1991, the company became a public company via an initial public offering, raising $120 million.[1][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 August 2021, the company acquired Weingarten Realty.[7]
In November 2022, the company acquired a portfolio of eight Long Island, NY shopping centers for $375.8 million.[8]
In January 2024, Kimco acquired RPT Realty, making the company the largest shopping center REIT.[9]
In October 2024, the company acquired Waterford Lakes Town Center for $322 million.[10]
References
- ↑ 1.0 1.1 1.2 1.3 "Kimco Realty Corporation 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 21, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/0000879101/000095017025024723/kim-20241231.htm.
- ↑ Barmash, Isadore (September 8, 1988). "Kimco Buys Campeau's Gold Circle". The New York Times. https://www.nytimes.com/1988/09/08/business/kimco-buys-campeau-s-gold-circle.html.
- ↑ Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes. https://www.forbes.com/forbes/2008/0310/062.html.
- ↑ Kirkpatrick, David D. (January 14, 1998). "Kimco to Announce Pact to Acquire Price REIT for $535 Million in Stock". The Wall Street Journal. https://www.wsj.com/articles/SB884737312320896000.
- ↑ "Kimco to Buy Mid-Atlantic Realty Trust for $444 Million". The New York Times. Bloomberg news. June 19, 2003. https://www.nytimes.com/2003/06/19/business/company-news-kimco-to-buy-mid-atlantic-realty-trust-for-444-million.html.
- ↑ Trainor, Tim (June 20, 2003). "Kimco To Buy Mid-Atlantic in $680M Deal". CoStar Group. https://www.costar.com/article/37308/kimco-to-buy-mid-atlantic-in-680m-deal.
- ↑ "Kimco Realty and Weingarten Realty Investors Announce Closing of Merger" (Press release). Business Wire. August 4, 2021.
- ↑ Rogers, Jack (November 10, 2022). "Kimco Buys Long Island Shopping Center Portfolio for $376M". GlobeSt.com. https://www.globest.com/2022/11/10/kimco-buys-long-island-shopping-center-portfolio-for-376m/.
- ↑ Fifelski, Anna (January 3, 2024). "Kimco Realty completes deal to buy owner of 8 Michigan shopping centers". Crain Communications. https://www.crainsdetroit.com/news/kimco-realty-acquires-former-farmington-hills-based-real-estate-investment-trust.
- ↑ Fraser, Trevor; Ryzewski, Steven (October 2, 2024). "Waterford Lakes Town Center sells for $322 million". American City Business Journals. https://www.bizjournals.com/orlando/news/2024/10/02/waterford-lakes-town-center-kimco-realty-sale.html.
External links
- Business data for Kimco Realty Corporation:
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