Kimco Realty Corporation is North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The Company's mission is to create destinations for everyday living that inspire a sense of community and deliver value to its many stakeholders. The Company's shopping centers provide essential, necessity-based goods and services to the local communities and are primarily anchored by a grocery store, home improvement center, off-price retailer, discounter and/or service-oriented tenant. As of December 31, 2023, the Company had interests in 523 shopping center properties, aggregating 89.7 million square feet of gross leasable area, located in 28 states.

• Employees: 660 (as of December 31, 2023)
• Geographic Footprint: 28 states
• Headquarters: Jericho, NY
• Founded: 1966
• Number of locations/facilities: 523 shopping center properties
• Revenue: $1.78 billion (FY2023)
• Key Subsidiaries/Brands: Kimco Realty OP, LLC

• Executive Chairman of the Board of Directors: Milton Cooper
• Chief Executive Officer: Conor C. Flynn
• President and Chief Investment Officer: Ross Cooper
• Executive Vice President, Chief Financial Officer: Glenn G. Cohen
• Executive Vice President, Chief Operating Officer: David Jamieson

• Annual Revenue: $1.78 billion (FY2023)
• Net Income: $629.3 million (FY2023)
• Total Assets: $18.27 billion (as of December 31, 2023)
• Key Financial Highlights: Same property net operating income was $1.31 billion for the year ended December 31, 2023, an increase of 2.4% compared to the prior year.

The Company's primary business is the ownership and operation of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The Company's shopping centers provide essential, necessity-based goods and services to the local communities and are primarily anchored by a grocery store, home improvement center, off-price retailer, discounter and/or service-oriented tenant.

The Company operates as a single reportable segment, focusing on the ownership, management, development and operation of open-air shopping centers and mixed-use assets.

The Company's business objective is to be the premier owner and operator of open-air, grocery-anchored shopping centers, and a growing portfolio of mixed-use assets in the U.S. The Company has developed a strong nationally diversified portfolio of open-air, grocery anchored shopping centers located in drivable first-ring suburbs primarily within 18 major metropolitan sun belt and coastal markets. The Company focuses on high-quality locations, reinvestment in existing assets, and mixed-use development. Key strategic initiatives include maintaining a strong balance sheet, reducing leverage, and increasing cash flows for reinvestment and distributions to shareholders. The Company also emphasizes environmental, social, and governance (ESG) leadership.

The Company operates in the real estate investment trust (REIT) industry, specifically within the open-air shopping center sector. The industry is characterized by competition for tenants and investment opportunities. Key market trends include the impact of e-commerce, changes in consumer buying practices, and the need for retailers to adapt to omni-channel strategies. The Company competes with numerous regional and local commercial developers, real estate companies, financial institutions and other investors.

• Market Risks: Adverse economic conditions, competition from e-commerce, and changes in consumer buying practices.
• Operational Risks: Inability of major tenants to pay rent, multiple lease terminations, and challenges in collecting rent.
• Financial Risks: Inability to raise capital, interest rate volatility, and potential for impairment charges.
• Regulatory Risks: Changes in governmental laws and regulations, including environmental and data privacy laws.