Kimco Realty

Kimco Realty Corporatioon
Public
Traded as NYSE: KIM
S&P 500 Component
Industry Real Estate Investment Trust
Founded 1958
Headquarters New Hyde Park, New York, United States
Key people
 Milton Cooper, Chairman and Conor Flynn, CEO
Revenue $1,167 Million USD (2015)
$831 Million USD (2015)
Number of employees
 545 (2015)
Website www.kimcorealty.com

Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2016, the company owned interests in 534 U.S shopping centers, comprising 86 million square feet of leasable space across 35 U.S. states and Puerto Rico.

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.

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

Management

Milton Cooper is the company's Executive Chairman, David B. Henry is the company's Vice Chairman and Chief Executive Officer, and Conor Flynn is the company's President, Chief Operating Officer and Chief Investment Officer.[3]

Acquisitions

1999
2002
2004
2006
2013[8]
2014[9]
2015 [10]
2016 [14]

References

  1. ↑ Funding Universe: Kimco Realty Corporation, Funding Universe
  2. ↑ Dorothy Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.
  3. ↑
  4. 1 2 Kimco Realty Purchases Pair Of Shopping Centers, Newsday, 8 January 1999
  5. ↑ Kimco Realty buys Marysville Towne Center, Seattle Pi, 20 Septembre 2002
  6. ↑ Amanda Yeager (5 November 2013). "New construction on site of Enchanted Forest". The Baltimore Sun.
  7. ↑ Kimco Realty affiliate buys Cupertino Village for $65M, Silicon Valley Business Journal, 19 March 2006
  8. ↑ "Kimco Realty". Quarterly Supplemental.
  9. ↑ "Kimco Realty" (PDF).
  10. ↑ http://investors.kimcorealty.com/Cache/1001206445.PDF?Y=&O=PDF&D=&fid=1001206445&T=&iid=102965
  11. ↑ http://www.kimcorealty.com/1749
  12. ↑ http://www.kimcorealty.com/1754
  13. ↑ http://www.kimcorealty.com/1755
  14. ↑ http://investors.kimcorealty.com/Cache/1500088909.PDF?O=PDF&T=&Y=&D=&FID=1500088909&iid=102965
  15. ↑ http://www.kimcorealty.com/1150
  16. ↑ http://www.kimcorealty.com/1761

External links

This article is issued from Wikipedia - version of the 11/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.