Kimco Realty
 | |
| Company type | Public company |
|---|---|
| NYSE: KIM S&P 500 Index component | |
| Industry | Real estate investment trust |
| Founded | 1958 |
| Founders | Milton Cooper Martin Kimmel |
| Headquarters | Jericho, 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) |
| Website | www |
| Footnotes / references [1] | |
Kimco Realty Corporation is a real estate investment trust that invests in shopping centers. As of March 31, 2020, the company owned interests in 401 shopping centers, comprising 70 million square feet of leasable space.[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
- ^ a b "Kimco Realty Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.
- ^ Kirkpatrick, David D. (January 14, 1998). "Kimco to Announce Pact to Acquire Price REIT for $535 Million in Stock". The Wall Street Journal.
- ^ "Kimco Realty Corporation Completes Acquisition of Mid-Atlantic Realty Trust" (Press release). Business Wire. October 1, 2003.
- ^ "Kimco to Buy Mid-Atlantic Realty Trust for $444 Million". The New York Times. Bloomberg news. June 19, 2003.
- ^ "Kimco Realty Corporation announces third quarter transaction activity" (Press release). Business Wire. October 8, 2007.
External links
- Business data for Kimco Realty Corporation: