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Kimco Realty Corp KIM Stock Quote

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Morningstar‘s Stock Analysis KIM

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Is it the right time to buy or sell?

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Economic Moat

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Capital Allocation

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Larger Scale and Improving Portfolio Quality Should Provide Benefits for Kimco Realty

Kevin Brown, CFA Senior Analyst

Business Strategy and Outlook

| Kevin Brown, CFA |

Retail real estate investment trust Kimco Realty owns and operates a geographically diversified portfolio of quality shopping centers. Its retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. The company has transformed dramatically, having sold over 400 properties for more than $6 billion since 2010, which has significantly improved the portfolio's quality. Currently, Kimco derives more than 80% of its annual base rent from major metropolitan markets. Management continues to strategically sell lower-quality assets and reinvest the proceeds in high-yielding development and redevelopment projects.

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Key Statistics KIM

Company Profile KIM

Business Description

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 533 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet.

Contact
500 North Broadway, Suite 201
Jericho, NY, 11753
T +1 516 869-9000
Industry REIT - Retail
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 606

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