The merger with RPT Realty was completed on January 2, 2024, adding 56 open-air shopping centers and RPT's stake in a net lease joint venture to Kimco's portfolio.

In October 2024, the Company acquired Waterford Lakes Town Center for $322.0 million, further expanding its portfolio after the reporting period.

Kimco is pursuing redevelopment opportunities within its operating portfolio to attract new tenants and improve asset value, with $213.4 million spent on improvements to operating real estate in the first nine months of 2024.

Management is in the process of integrating RPT's operations into Kimco's internal control over financial reporting, as necessary, to accommodate modifications to its business processes related to the RPT Merger transaction. None of these integration activities had a material impact on our system of internal control over financial reporting.

Kimco remains in compliance with all covenants related to its senior unsecured notes and Credit Facility, indicating effective financial management.

The Board of Directors declared a quarterly cash dividend of $0.25 per common share, representing a 4.2% increase from the prior quarterly dividend, demonstrating confidence in the company's performance.

The company acknowledges that the economy continues to face challenges which could impact the company and its tenants, including elevated inflation rates.

The company identifies the risk of litigation, including shareholder litigation, in connection with the RPT Merger, including any resulting expense.

The company identifies criminal cybersecurity attacks, disruption, data loss or other security incidents and breaches as a risk factor.

Kimco highlights its position as the largest in its sector, indicating a strong competitive standing.

The company's tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week.

The company seeks to reduce its operating and leasing risks through diversification achieved by the geographic distribution of its properties and a large tenant base.

Many of the Company’s long-term leases contain provisions designed to help mitigate the adverse impact of inflation.

The Company is actively pursuing redevelopment opportunities within its operating portfolio, which it believes will increase the overall value by bringing in new tenants and improving the assets’ value.

The Company manages economic risks, including interest rate, liquidity, and credit risks primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments.

The company identifies criminal cybersecurity attacks, disruption, data loss or other security incidents and breaches, and risks related to artificial intelligence as risk factors.

The Company has a common share repurchase program, which is scheduled to expire on February 28, 2026. Under this program, the Company may repurchase shares of its common stock, par value $0.01 per share, with an aggregate gross purchase price of up to $300.0 million.

During September 2023, the Company established an at-the-market continuous offering program (the “ATM Program”) pursuant to which the Company may offer and sell from time-to-time shares of its common stock, par value $0.01 per share, with an aggregate gross sales price of up to $500.0 million through a consortium of banks acting as sales agents.

The company identifies criminal cybersecurity attacks, disruption, data loss or other security incidents and breaches, and risks related to artificial intelligence as risk factors.

The Credit Facility is a green credit facility tied to sustainability metric targets, as described in the agreement.

The interest rate can be further adjusted upward or downward based on the sustainability metric targets and the Company’s credit rating outlook, as defined in the agreement.

The company acknowledges that the economy continues to face challenges which could impact the company and its tenants, including elevated inflation rates.

The company identifies the risk of litigation, including shareholder litigation, in connection with the RPT Merger, including any resulting expense.

The company identifies criminal cybersecurity attacks, disruption, data loss or other security incidents and breaches as a risk factor.