- Business
- Kimco Realty Corporation Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company owns interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space as of September 30, 2025, with its portfolio strategically concentrated in first-ring suburbs of top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its core products and services encompass shopping center ownership and leasing to a tenant mix focused on essential, necessity-based goods and services such as grocery anchors, soft lines, entertainment, specialized grocery, food and beverage offerings, and everyday needs retailers that drive multiple weekly shopping trips; property management; acquisitions; value-enhancing redevelopment activities; and structured investments including participation loans with real estate-rich retailers. Founded in 1966 and publicly traded on the New York Stock Exchange since 1991, the company is headquartered in Jericho, New York, and included in the S&P 500 Index. In recent developments, Kimco Realty completed acquisitions including a dual grocery-anchored asset in Hillsboro, Oregon with Safeway and Trader Joe's anchors; elevated approximately $250 million of redevelopment projects to active status, bringing its total development, redevelopment, and mixed-use pipeline to $600 million with $260 million in multifamily projects under construction; announced a $750 million at-the-market equity offering program and a $750 million stock repurchase program in early 2025; appointed Will Teichman as Executive Vice President and Chief Innovation & Transformation Officer to lead AI and technology initiatives; and raised its 2025 outlook for net income and FFO per diluted share while increasing its quarterly cash dividend by 4%.