Kimco Realty

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Kimco Realty Corporation
Public
Traded as NYSEKIM
S&P 500 Component
Industry Real Estate Investment Trust
Founded 1958
Headquarters New Hyde Park, New York, United States
Key people
Milton Cooper, Chairman and Conor Flynn, CEO
Revenue $1,167 Million USD (2015)
$831 Million USD (2015)
Number of employees
545 (2015)
Website www.kimcorealty.com

Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York., that is one of North America’s largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2017, the company owned interests in 517 U.S shopping centers, comprising 84 million square feet of leasable space across 34 U.S. states and Puerto Rico.

Publicly traded on the New York Stock Exchange (NYSE) since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. . For further information, please visit www.kimcorealty.com, the company’s blog at http://blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

History[edit]

Kimco Realty Corporation was founded in 1966 by a group of real estate investors who decided to group their shopping center assets to create a resourceful corporation. Martin Kimmel and Milton Cooper were part of the corporation's founders. Originally, Kimco Realty Corporation was focused on building its own shopping centers. During the 1980s, Cooper changed the corporation's strategy to focus on acquisitions.[1] In 1991, Kimco became a public company in the first REIT public offering, valued at $120 million.[2]

Management[edit]

Milton Cooper is the company's Executive Chairman, Conor Flynn is the company's President,and Chief Executive Officer.[3]

Acquisitions[edit]

1999
  • Manhasset Center (New York, NY)[4]
  • Concourse Plaza Shopping Center (New York, NY)[4]
2002
  • Marysville Towne Center (Marysville, WA)[5]
2004
2006
  • Cupertino Village (Cupertino, CA)[7]
2013[8]
  • Village Commons S.C. (Tallahassee, FL), January 2013
  • Columbia Crossing, II (Columbia, MD), January 2013
  • Roseville Plaza (Roseville, MN), January 2013
  • Wilton Campus (Wilton, CT), March 2013
2014[9]
  • Crossroads Plaza (Cary, NC), February 2014
  • Quail Corners (Charlotte, NC), March 2014
  • Boston Portfolio (24 Properties), April 2014
2015 [10]
  • Cooperfield Village (Houston, TX),[11] February 2015
  • Milleridge Inn (Jericho, NY),[12] April 2015
  • Christown Spectrum Mall (Phoenix, AZ),[13] November 2015
2016 [14]
  • Oakwood Plaza (Hollywood,FL),[15] April 2016
  • Jericho Atrium (Jericho, NY),[16] April 2016

References[edit]

External links[edit]