Kimco Realty

Kimco Realty Corporation – colloquially known as Kimco – is a real estate investment trust headquartered in Jericho, New York, that invests in shopping centers throughout the Contiguous United States and the Commonwealth of Puerto Rico.

Overview

As of December 31, 2025, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.[2]

Kimco was the first public vertically integrated REIT designed to be internally managed and advised, providing its own property and asset management.[3]

History

The Kimco Corporation, the predecessor of the company, was founded in 1966 by a group of real estate investors, including Martin Kimmel and Milton Cooper, who merged their retail assets. This asset merger led to the new company being named Kim-co. The company was incorporated in 1973.[2]

In 1988, the company acquired Gold Circle for $325 million.[4]

In November 1991, the company became a public company via an initial public offering, raising $120 million.[2][5]

In 1998, the company acquired Price REIT for $535 million in stock.[6]

In October 2003, the company acquired Mid-Atlantic Realty Trust for $441 million.[7][8] A few years later, in 2007, Kimco acquired The Birchwood Organization – another Long Island-based company – for $92 million.[9]

In August 2021, the company acquired Weingarten Realty.[10]

In November 2022, the company acquired a portfolio of eight Long Island, NY shopping centers for $375.8 million.[11]

In January 2024, Kimco acquired RPT Realty, making the company the largest shopping center REIT.[12]

In October 2024, the company acquired Waterford Lakes Town Center for $322 million.[13]

See also

• Vornado Realty Trust
• Economy of Long Island

External links

• Official website