Kimco Realty

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Kimco Realty Corporatioon
Type Public
Traded as NYSE: KIM
S&P 500 Component
Industry Real Estate Investment Trust
Founded 1958
Key people Milton Cooper, Chairman and Dave Henry, CEO
Revenue $922 Million USD (2012)
Net income $280 Million USD (2012)
Employees 637 (2012)
Website www.kimcorealty.com

Kimco Realty Corporation is a real estate investment trust (REIT) headquartered in New Hyde Park, New York. Focusing primarily on the retail sector, the company owns and operates North America’s largest portfolio of neighborhood and shopping centers. As of December 31, 2013, Kimco owned interests in 852 shopping centers comprising 125 million square feet of leasable space across 42 states, Puerto Rico, Canada, Mexico and South America. 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.[1]

History

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.[2] In 1991, Kimco became a public company in the first REIT public offering, valued at $120 million.[3]

Management

Milton Cooper is the company's Executive Chairman, and David B. Henry is the company's Vice Chairman, President & Chief Executive Officer.[4]

Acquisitions

1999
  • Manhasset Center (New York, NY)[5]
  • Concourse Plaza Shopping Center (New York, NY)[5]
2002
  • Marysville Towne Center (Marysville, WA)[6]
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


External links

Sources

  1. ↑ Kimco Realty Corporation on NYSE, Nyse.com
  2. ↑ Funding Universe: Kimco Realty Corporation, Funding Universe
  3. ↑ Dorothy Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes. 
  4. ↑
  5. ↑ 5.0 5.1 Kimco Realty Purchases Pair Of Shopping Centers, Newsday, 8 January 1999
  6. ↑ Kimco Realty buys Marysville Towne Center, Seattle Pi, 20 Septembre 2002
  7. ↑ Kimco Realty affiliate buys Cupertino Village for $65M, Silicon Valley Business Journal, 19 March 2006
  8. ↑ "Kimco Realty". Quarterly Supplemental. 
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