Kimco Realty

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Kimco Realty Corporation
Public company
Traded asNYSEKIM
S&P 500 Index component
IndustryReal estate investment trust
Founded1958; 61 years ago (1958)
FounderMartin Kimmel
HeadquartersNew Hyde Park, New York
Key people
Conor C. Flynn, CEO
Milton Cooper, Chairman, Glenn G. Cohen, CFO
RevenueIncrease $1.183 billion (2017)
Increase $0.426 billion (2017)
Total assetsIncrease $11.763 billion (2017)
Total equityIncrease $5.394 billion (2017)
Number of employees
546 (2017)
Websitewww.kimcorealty.com
Footnotes / references
[1]

Kimco Realty Corporation is a real estate investment trust that invests in shopping centers. As of September 30, 2019, the company owned interests in 420 shopping centers, comprising 74 million square feet of leasable space.

History[edit]

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] They acquired retail properties of the Birchwood Development Company (NY) for $92 million in July 2007[6][7]


References[edit]

  1. ^ "Kimco Realty Corporation 2017 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 Business Wire, October 08, 2007
  7. ^ GC Firm Buys Jericho Atrium, 2 Mineola Properties GC News, August 03, 2007