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Kimco Realty Corporation is a REIT based in Jericho, NY, and is the largest owner and operator of open-air shopping centers in North America. Founded in 1958, Kimco owns interests in 569 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable area as of 2024 Q1. Kimco trades centers under the symbol “KIM” on the NYSE.
Kimco went public in 1991, launching the modern REIT era and leading a resurgence in the industry. In 1998, Kimco expanded to the West Coast through the acquisition of Price REIT, and since then Kimco has continued to grow through M&A. Kimco’s recent acquisitions of Weingarten Realty Investors and RPT Realty have enabled Kimco to grow its Sun Belt presence.
Kimco's top tenants as of 2024 Q1 are The TJX Companies, The Home Depot, Ross Stores, Amazon/Whole Foods, and Albertsons. The company has over a dozen centers in active redevelopment, incorporating non-traditional tenants and mixed-uses into their established shopping centers.
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