Kimco Realty to host Q4 2017 earnings conference call on Thursday, February 15

NEW HYDE PARK, New York, 2017-Dec-04 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) will announce its fourth quarter 2017 earnings on Thursday, February 15, 2018 before market opens. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Thursday, February 15, 2018 at 10:00 AM EST.

Event: Kimco Realty’s Fourth Quarter Financial Results
When: 10:00 AM EST, February 15, 2018
Live Webcast: 4Q17 Kimco Earnings Conference Call under Kimco Investor Relations
Dial #: 1-888-317-6003 (Passcode: 8360092)

If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. A taped presentation of the call can also be accessed through Tuesday, May 15, 2018 by dialing 1-877-344-7529 (passcode: 10114786).

About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of September 30, 2017, the company owned interests in 507 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the 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.

For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty declares cash dividend for its Class L depositary shares

NEW HYDE PARK, N.Y., 2017-Sep-20 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced today (9/19/2017 ) that its board of directors has declared the initial cash dividend for the company’s Class L depositary shares, each representing 1/1000 of a share of 5.125% Class L cumulative redeemable preferred shares. This initial dividend of $0.20998 per Class L preferred depositary share will be paid on October 16, 2017 to shareholders of record on October 3, 2017 representing an ex-dividend date of October 2, 2017.

As previously disclosed, Kimco’s board of directors declared a quarterly cash dividend of $0.27 per common share, payable on October 16, 2017, to shareholders of record on October 4, 2017 representing an ex-dividend date of October 3, 2017.

The board of directors also declared quarterly dividends with respect to the company’s Class I, Class J and Class K series of cumulative redeemable preferred shares. All dividends on the preferred shares will be paid on October 16, 2017, to shareholders of record on October 3, 2017 representing an ex-dividend date of October 2, 2017.

The ex-dividend dates for Kimco’s common shares and Class I, Class J and Class K series of cumulative redeemable preferred shares have been updated to reflect the New York Stock Exchange rule change shortening the standard settlement cycle for securities trades.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at https://twitter.com/kimcorealty.

Safe Harbor Statement

The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results. The company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
David F. Bujnicki
1-866-831-4297
Senior Vice President, Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty starts construction of Phase I retail at Dania Pointe; expected to open for the 2018 holiday season

Kimco Realty starts construction of Phase I retail at Dania Pointe; expected to open for the 2018 holiday season

 

Phase I of the Kimco Signature Series development is approximately 80% preleased as construction kicks off

NEW HYDE PARK, N.Y., 2017-Aug-12 — /EPR Retail News/ — Dania Pointe continues to take shape in Southern Broward County, Florida, as Kimco Realty Corp. (NYSE:KIM) announces the groundbreaking of building construction at the project’s Phase I retail portion, expected to open for the 2018 holiday season. Phase I comprises 300,000 square feet of retail, which is approximately 80% preleased to a variety of national and regional brands including TJ Maxx, Hobby Lobby, BrandsMart and Ulta Beauty, along with several restaurants.

“We’re thrilled with the level of leasing activity we’ve seen to date at Dania Pointe,” said Paul Puma, President of Kimco’s Southern Region. “The construction of Phase I retail is a significant step towards the realization of the innovative live, work, play environment that we envision for this Kimco Signature Series development.”

Upon completion, Dania Pointe will be a comprehensive open-air lifestyle community incorporating over 100 national and local retail tenants and restaurants in approximately 1 million square feet of space, complemented by up to 500,000 square feet of Class A office space, 1,000 luxury rental apartments and condominiums, and two signature hotels. With more than a dozen unique restaurants and entertainment venues, Dania Pointe will quickly become “the place to be” in Greater Fort Lauderdale and much of South Florida.

“With the Dania Pointe project, combined with our adjacent Oakwood Plaza property, Kimco now controls three full exits of frontage along I-95, totaling approximately two miles,” said Conor Flynn, Kimco’s Chief Executive Officer. “The strong demand we continue to see for locations of this caliber indicates a bright future for Kimco as we redevelop and reimagine our real estate.”

Dania Pointe will be easily accessible to tri-county residents and tourists alike, with its prime location less than 10 minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades, and just 20 minutes from the upscale communities of Weston and Plantation to the west; Fort Lauderdale and Pompano Beach to the north; and Hollywood and North Miami Beach to the south. Immediately adjacent to I-95, it will serve as a central location for residents travelling north and south on I-95, as well as east and west on I-595.

Dania Pointe retail leasing and office development opportunities are available. For more information, visit DaniaPointe.com.

ABOUT KIMCO REALTY

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Media Inquiries:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@kimcorealty.com

Leasing Inquiries:
Spencer Phelps
407-302-6518
Senior Director of Real Estate
sphelps@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty acquires Jantzen Beach an open-air shopping center in Portland, Oregon for $131.8 million

NEW HYDE PARK, N.Y., 2017-Jul-11 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today (7/10/2017) announced the post-second quarter acquisition of Jantzen Beach, a 96%-occupied, 746,000-square-foot, open-air shopping center on 67 acres in Portland, Oregon, for $131.8 million, or $177/square foot, substantially below replacement cost. Jantzen Beach is the company’s eighth property in the Portland-Vancouver-Hillsboro MSA, expanding Kimco’s concentration in a top 25 market where it also maintains a regional office.

“Jantzen Beach is a flagship asset located in a coastal, in-demand market with significant barriers to entry,” said Ross Cooper, President and Chief Investment Officer of Kimco Realty. “This asset exemplifies a key component of our strategic 2020 Vision to upgrade the quality of our portfolio with selective acquisitions funded by disposition proceeds.”

The center features a prime collection of national tenants in today’s strongest retail categories, including Home Depot, Target, TJ Maxx, HomeGoods, Ross Stores, Burlington, Petco, Best Buy, DSW and Michaels. Jantzen Beach sits along Portland’s busy I-5 artery, with traffic counts of over 128,000 cars per day. As one of the only major shopping centers in the region, the center’s trade area extends over 10 miles, reaching into neighboring Washington State, and its sales tax-free shopping attracts approximately five million visits per year. Furthermore, Jantzen Beach is located within the Urban Growth Boundary of Portland, which serves to control urban expansion and poses a formidable barrier to entry in this desirable market.

The Jantzen Beach acquisition will expand the company’s future redevelopment pipeline through potential outparcel development of two 6,000-square-foot pad buildings, and mixed-use densification opportunities supported by flexible zoning. The center also offers strong mark-to-market upside from several below-market anchor leases.

Kimco also reported its transaction activity for the second quarter of 2017:

Acquisitions: The company acquired a parcel adjacent to its Augusta Exchange shopping center in Augusta, Georgia, for a gross purchase price of $700,000. The land acquisition is an excellent redevelopment opportunity for an outparcel that will complement the existing tenant mix. Kimco’s share of the purchase price was $340,000.

Dispositions: Kimco disposed of interests in nine shopping centers, totaling 892,000 square feet, and two land parcels for a gross sales price of $155.8 million. Kimco’s share of the sales price was $128.1 million. With these dispositions, the company has exited the states of Maine and Louisiana.

ABOUT KIMCO

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space across 32 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT

The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results. The company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise

Contact:
David F. Bujnicki
1-866-831-4297
Senior Vice President, Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty Shows Strong Results For First Quarter 2017

NEW HYDE PARK, New York, 2017-Apr-29 — /EPR Retail News/ —  Kimco Realty Corp. (NYSE: KIM) today ( April 26, 2017) reported results for the first quarter ended March 31, 2017.

First Quarter Highlights
 Net income available to the company’s common shareholders of $65.2 million, or $0.15 per diluted share;
 Signed 497 new leases, renewals and options, totaling 4.3 million square feet, representing the highest leasing volume of any quarter in the last ten years;
 Generated 10.9% growth in pro-rata rental-rate leasing spreads with new leases increasing 17.9% and renewals/options up 10.1%;
 Grew same-property net operating income (NOI) 2.2% over the same period in 2016;
 Acquired two operating properties for $43.1 million and a 90% ownership interest in a new mixeduse development project for $10.0 million, while disposing of eight shopping centers representing 948,000 square feet and one land parcel for a total of $113.2 million;
 Issued $400 million in new, unsecured notes due 2027 at a coupon of 3.80%; and
 Closed a new five-year $2.25 billion unsecured revolving credit facility with borrowings priced at LIBOR plus 87.5 basis points.

Financial Results

Net income available to the company’s common shareholders (Net Income) for the first quarter of 2017 was $65.2 million, or $0.15 per diluted share, compared to $129.2 million, or $0.31 per diluted share, for the first quarter of 2016. The decrease was primarily due to $68.9 million* of lower gains on the sales of operating properties, net of impairments, attributable to the sale or pending disposition of operating properties. Both gains on sales and operating property impairments are excluded from the calculation of Funds From Operations available to the company’s common shareholders (NAREIT FFO).

NAREIT FFO was $155.1 million, or $0.37 per diluted share, for the first quarter of 2017 compared to $158.2 million, or $0.38 per diluted share, for the first quarter of 2016. NAREIT FFO for the first quarter of 2017 included $0.6 million of transactional charges (net of transactional income). This compares to $5.4 million of transactional income (net of transactional charges) in the first quarter of 2016.

FFO available to the company’s common shareholders as adjusted (FFO as adjusted), which excludes the effects of non-operating impairments as well as transactional income and charges, was $155.8 million, or $0.37 per diluted share, for the first quarter of 2017 compared to $152.9 million, or $0.37 per diluted share during the same period in 2016.

A reconciliation of net income to NAREIT FFO, FFO as adjusted and same-property NOI is provided in the tables accompanying this press release.

Operating Results

 Reported pro-rata portfolio occupancy of 95.3% at the end of the first quarter;
 Signed 497 leases totaling 4.3 million square feet during the quarter including 347 renewals and options for 3.5 million square feet;
 Increased pro-rata leasing spreads by 10.9%, with rental rates for new leases up 17.9% and renewals/options growing 10.1%; and
 Improved same-property NOI 2.2%, which included a 10-basis-point benefit from redevelopment activity, compared to the same period in 2016.

Investment Activity
Acquisitions:

 Plaza Del Prado, a 142,000-square-foot, grocery-anchored shopping center located on the North Shore of Chicago’s affluent suburb of Glenview, Illinois, for $38.0 million. Situated on 14 acres, Plaza Del Prado is supported by a population of approximately 83,000 with an average household income of $126,000 within a three-mile radius. At the time of acquisition, the shopping center was 87.6% occupied, offering near-term lease up opportunities as well as future value creation potential from the development of an outparcel.

 An vacant 25,000-square-foot, in-line space at the company’s Columbia Crossing shopping center, located in Columbia, Maryland, for $5.1 million. This acquisition offers an attractive leaseup opportunity and increases the amount of square footage owned by Kimco to approximately 198,000 square feet.

 A 90% ownership interest in Lincoln Square, a fully entitled, mixed-use development project in the highly sought-after Center City district of Philadelphia for $10.0 million. The project, which recently commenced construction, will feature 322 residential units and 100,000 square feet of retail space (approximately 80% pre-leased) anchored by a 36,000-square-foot small-format Target, a 32,000-square-foot specialty grocer and a 16,000-square-foot PetSmart. Lincoln Square will be an approximately $160-million live, work, play urban, transit-oriented development located at Broad Street and Washington Avenue. The project, which is within walking distance to the heart of Center City and offers convenient subway and bus access, boasts excellent demographics, with a population of 111,500 and an average household income of approximately $90,000 within a one-mile radius.

Dispositions:

Sales for the first quarter totaled $113.2 million, including the disposition of eight shopping centers, totaling 948,000 square feet, and one land parcel. Kimco’s share of the sales price was $65.8 million

Capital Activities

During the first quarter of 2017, the company:  Issued $400 million of new, unsecured notes due 2027 at a coupon of 3.80% and repaid $250 million outstanding on an unsecured term loan that matured in January 2017, extending the company’s weighted average debt maturity profile to 8.9 years as of March 31, 2017; and  Closed on a new $2.25 billion unsecured revolving credit facility with an initial maturity of March 17, 2021 and two additional six-month extension options. The new credit facility replaced the company’s previous $1.75 billion unsecured credit facility. Borrowings under the new facility are priced at LIBOR plus 87.5 basis points.

Dividend Declarations

Kimco’s board of directors declared a quarterly cash dividend of $0.27 per common share, payable on July 17, 2017, to shareholders of record on July 6, 2017 representing an ex-dividend date of July 3, 2017. The board of directors also declared quarterly dividends with respect to the company’s various series of cumulative redeemable preferred shares (Class I, Class J and Class K). All dividends on the preferred shares will be paid on July 17, 2017, to shareholders of record on July 5, 2017, with an exdividend date of June 30, 2017.

Conference Call and Supplemental Materials Kimco will hold its quarterly conference call on Thursday, April 27, 2017, at 10:00 a.m. EDT. The call will include a review of the company’s first quarter 2017 results as well as a discussion of the company’s strategy and expectations for the future. To participate, dial 1-888-317-6003 (Passcode: 1279218).

A replay will be available through July 27, 2017, by dialing 1-877-344-7529 (Passcode: 10101788). Access to the live call and replay will be available through the company’s website at investors.kimcorealty.com.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of openair shopping centers. As of March 31, 2017, the company owned interests in 517 U.S. shopping centers comprising 84 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Safe Harbor Statement

The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC. The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results. The company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

David F. Bujnicki
Senior Vice President
Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty announces the opening of its Grand Parkway Marketplace in Spring, Texas

Target is first to open at the new ground-up development, with additional tenants soon to follow

NEW HYDE PARK, N.Y., 2017-Mar-09 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced the opening of its Grand Parkway Marketplace in Spring, Texas, with Target opening its doors to the public today (3/8/2017). The 126,000-square-foot Target is the first retailer to open in the much-anticipated Grand Parkway Marketplace development, the latest of Kimco’s Signature Series ground-up developments to open for business. The project’s $87-million, 488,000-square-foot phase one is scheduled for completion in the third quarter of this year.

In addition to Target, multiple anchor tenants are scheduled to open at the center in the next few months, including TJ Maxx, Michaels, PetSmart, Burlington, Famous Footwear, DSW, Ulta, Party City, and Five Below, among others.

“After a lot of hard work, Grand Parkway Marketplace is now ready to be one of the most sought-after shopping destinations in the Houston market. Phase one is approximately 80 percent leased and there is strong demand for the remaining space,” said Robert Nadler, President, Central Region at Kimco Realty. “We are thrilled that Target recognizes this development as a phenomenal opportunity to serve this community with their broad assortment.”

Grand Parkway Marketplace is located along the newly opened Grand Parkway, a massive highway project encircling the Greater Houston region. This prime location offers retailers street frontage along Grand Parkway, Spring Stuebner Road and Kuykendahl Road, as well as a direct route to The Woodlands, a highly successful, upscale planned community just a few miles north of the shopping center. Within a five-mile radius there are almost 180,000 people with an average household income exceeding $110,000. Recent additions to the area include new facilities for Noble Energy, Southwestern Energy, CHI St. Luke’s Health, and the ExxonMobil world headquarters, which houses approximately 10,000 employees. Furthermore, HP recently announced plans for a new campus that would bring approximately 2,400 employees to the area. Phase one of Grand Parkway Marketplace will contain national, regional, and local tenants, with eight junior anchors, 11 outparcels, ample parking, a restaurant village with a man-made lake, a series of fountains, and a boardwalk amenity for the restaurants.

Additionally, Grand Parkway Marketplace II is under development. The second phase, located across the street, has three anchor boxes, two of which have been leased by Hobby Lobby and Academy Sports + Outdoors, with the third under lease negotiation. In addition, the planned $52-million phase two development will include a number of multi-tenant retail buildings, and several outparcels for restaurants, banks, or other retail uses. In aggregate, the two phases will encompass over 110 acres, and will create a retail hub of approximately 750,000 square feet.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2016, the company owned interests in 524 U.S. shopping centers comprising 85 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty

Contact:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty announces the promotions of Ross Cooper to President and David Jamieson to COO; Conor Flynn to remain as CEO

NEW HYDE PARK, NEW YORK, 2017-Mar-01 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today (9 February 27, 2017) announced the promotions of Ross Cooper to President and David Jamieson to Chief Operating Officer. With these appointments, Conor Flynn, who had held the dual role of President and Chief Executive Officer, will remain Kimco’s Chief Executive Officer and member of the company’s board of directors. The Chief Operating Officer position was an open role last held by Conor Flynn before his elevation to the CEO position in 2016.

“As ten-year veterans of Kimco, Ross and David have been instrumental to our success,” said Conor Flynn, Chief Executive Officer. “These appointments are well deserved and, as part of our long-term succession planning efforts, ensure that we are equipped with the strong and dedicated leadership needed to guide the organization toward our 2020 Vision and beyond.”

Ross Cooper, who until this time has served as Executive Vice President and Chief Investment Officer, joined Kimco in 2006, and also previously served as Vice President of Acquisitions, Dispositions and Asset Management in Kimco’s Southern Region. Ross Cooper will retain the title of Chief Investment Officer and continue to be responsible for leading the development and implementation of Kimco’s acquisition and disposition strategy. He holds a B.S. degree from the University of Michigan, and a Master’s degree in Real Estate from New York University.

David Jamieson joined Kimco in 2007, and most recently served as Executive Vice President of Asset Management and Operations, where his role has been to identify, develop and implement opportunistic value creation strategies that optimize the company’s portfolio performance, most notably by leading Kimco’s redevelopment and selective ground-up development efforts. Mr. Jamieson holds a B.S. degree from Boston College, and an MBA from Babson College.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2016, the company owned interests in 524 U.S. shopping centers comprising 85 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty announces the appointment of Mary Hogan Preusse to its Board of Directors

NEW HYDE PARK, NEW YORK, 2017-Feb-06 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today (February 03, 2017) announced that Mary Hogan Preusse, Managing Director and co-head of Americas Real Estate for APG Asset Management US, has been appointed to the company’s Board of Directors. Her term will begin immediately. With Ms. Hogan Preusse’s appointment, Kimco’s Board has expanded to include nine members.

Ms. Hogan Preusse has been an active participant in the REIT industry for over 25 years, nearly 17 of which have been at APG, which manages pension assets on behalf of approximately 4.5 million Dutch citizens. In her role at APG, where she was an early and active advocate for REITs, Ms. Hogan Preusse is responsible for managing all of the firm’s public real estate investments in North and South America, currently $13 billion in assets. She also serves on the Executive Board of APG Asset Management US.

“Mary is one of the most respected individuals in the REIT industry, and we are incredibly fortunate to have her join our Board of Directors,” said Milton Cooper, Executive Chairman. “Mary was instrumental in bringing Kimco public 25 years ago in her role at Merrill Lynch. Her appointment to our Board today brings our relationship full circle, and speaks to our great regard for her talent, experience and knowledge.”

“I am thrilled to welcome Mary to the Kimco Board, and I look forward to working with her,” said Conor Flynn, President and Chief Executive Officer. “Her passion for the industry is unmatched, and she brings a tremendous wealth of REIT experience, which will serve us well as we work towards our 2020 Vision and beyond.”

Prior to joining APG in 2000, Ms. Hogan Preusse spent eight years as a sell side analyst covering the REIT sector, and began her career at Merrill Lynch as an investment banking analyst. In 2015, she was the recipient of NAREIT’s E. Lawrence Miller Industry Achievement Award for her contributions to the REIT industry. She is also a member of the International Council of Shopping Centers, serves on the Investor Advisory Council for NAREIT, and is a member of the Real Estate Advisory Board for the Carey Business School at Johns Hopkins University. Ms. Hogan Preusse graduated from Bowdoin College in Brunswick, Maine with a degree in Mathematics and is a member of Bowdoin’s Board of Trustees.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2016, the company owned interests in 524 U.S. shopping centers comprising 85 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:

David F. Bujnicki
Senior Vice President
Investor Relations and Strategy Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty announces transaction activity for third quarter of 2016 exceeded $360 million

NEW HYDE PARK, NEW YORK, 2016-Oct-12 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today (October 11, 2016) announced that its transaction activity for the third quarter of 2016 exceeded $360 million. This includes the previously announced partner buyout of a four-property joint venture portfolio for a gross price of $169.0 million and the acquisition of Kentlands Market Square shopping center for $95 million.

Additionally, in the third quarter Kimco sold five of its remaining six Canadian shopping centers. The third quarter transactions highlight the company’s continuing commitment to its strategic 2020 Vision focused on owning high-quality assets in major metro markets in the U.S., and reducing its exposure to joint ventures.

Third Quarter Transaction Activity: Dispositions: Sales for the third quarter totaled $150.7 million from the disposition of 12 shopping centers, totaling 1.4 million square feet. Kimco’s share of the sales price was $97.8 million. The sales consist of:

• Seven unencumbered U.S. properties, totaling 430,000 square feet, for a gross sales price of $53.3 million. The company’s share from these sales was $49.0 million.

• Interests in five Canadian shopping centers, totaling 1.0 million square feet, for a gross sales price of USD $97.4 million, including USD $22.5 million of existing mortgage debt. Kimco’s share of the sales price was USD $48.7 million.

The company’s 2016 guidance range for shopping center dispositions is $1.0 billion to $1.15 billion (Kimco’s share); year to date, the company’s share totaled $918.6 million from the sale of interests in 34 Canadian properties for USD $571.5 million and 25 U.S. properties for $347.1 million.

Acquisitions: Third quarter acquisitions totaled $292.8 million and 1.0 million square feet. Kimco’s share of the purchase price was $263.4 million.

As previously announced, Kimco acquired:

• The remaining 85% interest in a four-property joint venture portfolio, totaling 681,000 square feet, for a gross price of $169.0 million, which includes the assumption of $77.0 million in mortgage debt. The portfolio includes Perimeter Expo in Atlanta, Cranberry Commons in Pittsburgh, Cypress Towne Center in Houston and Doc Stone Commons in Stafford, Virginia. All four assets are located in major metro markets where Kimco already has a significant presence.

• Kentlands Market Square, a 221,000-square-foot, Whole Foods-anchored open-air shopping center located in the Washington-Arlington-Alexandria metropolitan statistical area (MSA) for $95.0 million which includes the assumption of $33.2 million in mortgage debt. In addition to the high-volume Whole Foods, the property is anchored by national tenants such as PetSmart, Michaels and Starbucks and is one of only two shopping centers located in the “downtown” commercial district of the Kentlands, an affluent, master-planned community in Gaithersburg, Maryland, a northwest suburb of Washington, D.C. The center boasts excellent demographics including a population of 107,000 with a median household income level of $99,000 within a three-mile radius.

In addition, Kimco acquired the following properties during the third quarter:

• An additional 84% ownership interest in the 97,000-square-foot Gateway Shopping Center for a gross price of $18.1 million. The grocery-anchored center is located in the Seattle-Bellevue-Everett MSA, and is a prime redevelopment opportunity.

• A 21,000-square-foot parcel adjacent to Kimco’s Webster Square shopping center for $8.2 million. Webster Square is a 176,000-square-foot multi-anchored property featuring Trader Joe’s, TJ Maxx and Michaels in the desirable retail market of Nashua, New Hampshire.

• A parcel adjacent to Coral Way Plaza, a grocery-anchored shopping center in the Miami-Fort LauderdaleWest Palm Beach MSA, for a gross price of $1.6 million. Kimco’s share of the purchase price was $398,000.

• An additional land parcel at the Grand Parkway Marketplace for $900,000. Located in Spring, Texas, Grand Parkway Marketplace is a Kimco signature development project that will be anchored by a new Target store and will be completed in 2017.

The company’s 2016 guidance range for shopping center acquisitions is $450 million – $550 million (Kimco’s share); year to date, the company’s share totaled $451.9 million.

ABOUT KIMCO

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2016, the company owned interests in 537 U.S. shopping centers comprising 86 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT

The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results. The company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:
David F. Bujnicki
Senior Vice President
Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty acquires remaining interest in Oakwood Plaza shopping center and Dania Pointe development project in Florida

NEW HYDE PARK, NEW YORK, 2016-Apr-13 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced it has acquired from Canada Pension Plan Investment Board the remaining 45% ownership interest in the Oakwood Plaza shopping center and the Dania Pointe development project for a gross price of $299.2 million, including the assumption of $100.0 million of mortgage debt.

Located in Hollywood, Fla., Oakwood Plaza and Dania Pointe are adjacent properties situated along a heavily traveled section of I-95 (260,000 cars/day) with approximately two miles of freeway frontage. In addition, the properties are in close proximity to the busy Fort Lauderdale-Hollywood International Airport (24.6 million annual passengers) and Port Everglades international cruise port (3.8 million annual passengers).

Oakwood Plaza is a fully-occupied, 900,000-square-foot open-air center featuring a collection of national tenants including Home Depot, Marshalls, HomeGoods, Ross Stores, Michaels, PetSmart, BJ’s and Regal Cinemas. The gross purchase price for Oakwood Plaza was $215.0 million including the assumption of $100.0 million of mortgage debt.

Dania Pointe is a mixed-use, ground-up development project that will include approximately 900,000 square feet of retail stores and restaurants, 1,000 luxury apartments, two hotels totaling 300 rooms and two office towers. Phase I will be a traditional 318,000-square-foot open-air power center with construction expected to begin in the fall of 2016. Phase II will be a lifestyle center featuring 575,000 square feet of main-street retail, residential towers and office buildings; construction for Phase II is scheduled to start at the end of 2017. The Dania Pointe project will benefit from the estimated daytime population in excess of 1 million people within a 15-minute drive time.

This transaction is reflective of Kimco’s 2020 Vision of owning large, high-quality assets in major metro markets in the U.S., while continuing to reduce its joint venture portfolio. Oakwood Plaza ranks second in Kimco’s Top 10 assets based on net operating income (NOI) and, when completed, Dania Point will be the company’s highest NOI producing property.

First Quarter Transaction Activity:

Transaction activity continues to reflect net selling and accumulation of capital. During the first quarter of 2016, Kimco completed gross transactions totaling approximately $460.8 million including the disposition of 7 Canadian shopping centers as part of the company’s pure-play U.S. shopping center initiative.

Dispositions:

  • The company sold interests in seven Canadian shopping centers totaling 1.7 million square feet for a gross sales price of USD $322.9 million, including the assumption of USD $119.7 million of existing mortgage debt. Kimco’s share of the sales price and debt assumption was USD $155.3 million and USD $57.5 million, respectively.
  • Kimco sold six U.S. properties, totaling 767,000 square feet, for a gross sales price of $107.6 million. The company’s share from these sales was $103.7 million.
  • Kimco additionally sold four land parcels for a gross sales price of $6.1 million. Included in these land sales and as previously announced, the company sold 9.2 acres in Spring, Texas (Houston – The Woodlands – Sugar Land metropolitan statistical area or “MSA”) to the Target Corporation for the construction of a new store to anchor Kimco’s new 450,000-square-foot Grand Parkway Marketplace.

Acquisitions:

  • As previously announced, Kimco acquired the remaining 50% ownership interest in the Owings Mill Mall (Baltimore-Columbia-Towson MSA) for $11.5 million. Separately, the company also acquired the parcels owned by J.C. Penney Company, Inc. and Macy’s, Inc. for $5.2 million and $7.5 million, respectively. As a result of these transactions, Kimco owns 100% of the Owings Mills Mall and plans to develop a new open-air center in its place.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of December 31, 2015, the company owned interests in 564 U.S. shopping centers comprising 90 million square feet of leasable space across 38 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10- Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

###

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Kimco Realty announces transaction activity in fourth quarter of 2015

NEW HYDE PARK, N.Y., 2016-1-12 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today announced transactions of approximately $1.9 billion and $4.4 billion in the fourth quarter and full year 2015, respectively.

Highlights for the fourth quarter include the sale of 88 wholly owned and joint venture properties for $1.7 billion, of which Kimco’s share of the sales price and mortgage debt was $908.3 million and $285.4 million, respectively. Sixty-four of the properties were located in the U.S., 23 in Canada and the final being the company’s last asset in Chile. During the fourth quarter, the company also acquired three U.S. shopping centers totaling $207.8 million, two of which come from existing joint ventures.

In 2014, the company embarked on a simplification initiative focusing on its U.S. portfolio and reducing its joint venture program. Since that time, Kimco has transformed its U.S. shopping center portfolio to become more concentrated in core major metro markets by acquiring 119 high-quality properties totaling $3.5 billion and selling interests in 186 properties for $1.8 billion. During the same period, the company exited Mexico and South America and reduced its Canadian platform. In addition, the number of properties held in joint ventures decreased from 412 to 194.

Fourth Quarter Activity:

Dispositions:

  • Kimco sold 64 U.S. properties, totaling 3.0 million square feet, for a gross sales price of $437.7 million (which included 49 joint venture properties for $226.6 million). The company’s share from these sales was $275.5 million.
  • As previously announced, the company sold its interest in 23 Canadian shopping centers to RioCan based on a gross sales price of $1.2 billion, including the assumption of $404.9 million of existing mortgage debt. Kimco’s share of the sales price and assignment of debt was $581.5 million and $195.9 million, respectively.
  • The company sold its last remaining shopping center in Latin America, Vina del Mar, a wholly owned property in Chile for $51.3 million, including the assignment of $32.0 million of debt.

Acquisitions:

As previously announced, Kimco acquired:

  • Christown Spectrum, an 850,000-square-foot destination power center in the Phoenix-Mesa-Scottsdale, Ariz. metropolitan statistical area (MSA) for $115.3 million. Christown, which is supported by a population of 437,000 within a five-mile radius and lies adjacent to the second-busiest light rail station in Phoenix, offers a multitude of redevelopment and value creation opportunities.
  • The remaining 85% ownership interest in Conroe Marketplace (Houston-The Woodlands-Sugar Land MSA), a 289,000-square-foot power center, for $54.4 million based on a gross value of $64.0 million.
  • A 36-acre tract of land in Houston for $13.2 million. This parcel lies directly across from Kimco’s Grand Parkway Marketplace ground-up development project and will be part of a phase II expansion of this project.

In addition, Kimco acquired the remaining 85% ownership interest in The Shops at District Heights, a 91,000-square-foot, grocery-anchored neighborhood center located in the Washington-Arlington-Alexandria MSA for $24.3 million based upon a gross value of $28.5 million.

Subsequently, In January 2016, Kimco paid $11.5 million to acquire General Growth Properties’ (NYSE: GGP) remaining 50% ownership interest in the Owings Mills Mall (Baltimore-Columbia-Towson MSA). In connection with this transaction, Kimco also acquired the parcel owned by J.C. Penny Company, Inc. for $5.2 million and is under contract to acquire the parcel owned by Macy’s, Inc. for $7.5 million. As a result of these transactions, Kimco will own 100% of the Owings Mills Mall and plans to develop a new open-air center in its place.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of December 31, 2015, the company owned interests in 564 U.S. shopping centers comprising 90 million square feet of leasable space across 38 states and Puerto Rico. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT

The statements in this release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with the company’s expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2014, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

Kimco Realty Corp.
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty named to the prestigious Dow Jones Sustainability North America Index

Designation follows recent recognition from the Global Real Estate Sustainability Benchmark

NEW HYDE PARK, N.Y., 2015-9-16 — /EPR Retail News/ — Kimco Realty Corporation (NYSE: KIM) is pleased to announce that it has been named to the prestigious Dow Jones Sustainability North America Index (DJSI), effective September 21. The company is the only open-air shopping center REIT to be recognized in this index after it was selected among a peer group of global sustainability leaders based on its economic, environmental and social performance.

The DJSI assessment process involves the evaluation of more than 3,400 of the world’s largest companies each year and is considered a leading authority for investors tracking the financial performance of corporate sustainability leaders in their respective industries. This is the initial year that Kimco has completed the DJSI assessment and was selected for inclusion in its North America Index.

In addition, Kimco was awarded “Green Star” status for the second consecutive year by the Global Real Estate Sustainability Benchmark (GRESB), its highest designation for real estate portfolio owners demonstrating sustainability leadership. Kimco has participated in GRESB since its inception, increasing its aggregate score in each successive reporting cycle.

“Kimco’s continued investment in our corporate responsibility program is producing outstanding results, and we are honored to be recognized by both the DJSI and GRESB for our efforts,” said Conor Flynn, President and Chief Operating Officer at Kimco. “We are proud to be an industry leader in same-site energy, water, and emissions performance metrics as benchmarked by GRESB and look forward to further improving our performance in the years to come.”

About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2015, the company owned interests in 727 shopping centers comprising 107 million square feet of leasable space across 39 states, Puerto Rico, Canada, and Chile. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

###

Contact:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
1-866-831-4297
dbujnicki@kimcorealty.com

Kimco Realty’s management to participate in the BofAML Global Real Estate Conference on Sep 16, 2015 in New York

NEW HYDE PARK, N.Y., 2015-9-15 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced today that its management will participate in the BofAML Global Real Estate Conference on Wednesday, September 16, 2015 in New York, NY. Kimco management will provide a general overview of the company followed by a question and answer session. The webcast information is as follows:

Event: Kimco Realty Corp. Management Presentation at BofAML Global Real Estate Conference

When: Wednesday, September 16, 2015 from 2:45 P.M. – 3:20 P.M. EDT

Where: Live webcast can be accessed by clicking on the following link: Kimco Presents at BofAML Global Real Estate Conference or by entering http://www.veracast.com/webcasts/baml/realestate2015/id68207340914.cfm in your browser.

If you are unable to participate during the live webcast, audio from the conference will be available until December 16, 2015 at the link above.

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2015, the company owned interests in 727 shopping centers comprising 107 million square feet of leasable space across 39 states, Puerto Rico, Canada and Chile. Publicly traded on the 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. For further information, please visit www.kimcorealty.com. the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

 

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty expanded its highly regarded innovative incubator program Kimco Entrepreneurs Year Start (KEYS)

Kimco KEYS encourages entrepreneurs in the Northeast to unlock success

NEW HYDE PARK, N.Y., 2015-8-26— /EPR Retail News/ — Kimco Realty Corporation (NYSE: KIM) is pleased to announce that it has expanded its highly regarded Kimco Entrepreneurs Year Start (KEYS) program into Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island. KEYS is an innovative incubator program for aspiring entrepreneurs seeking to launch their first retail venture, service operation, or restaurant. The program places qualified applicants into Kimco shopping centers with one year of free rent and additional benefits.

KEYS was launched as a pilot program in California in 2012, and it has since expanded into a total of 19 states across the U.S. There are hundreds of small shops (2,500 square feet and under) available for KEYS participants, including pre-built restaurant spaces. Through KEYS, several retail entrepreneurs in the Western region have already been able to turn their passions into profitable businesses, and this expansion will give aspiring business owners in the Northeast equal opportunity to succeed with Kimco’s guidance.

“At Kimco, small shops are an integral part of our neighborhood and community shopping centers, adding diversity, value, and a local touch to our tenant mix,” said Conor Flynn, President and Chief Operating Officer at Kimco. “Providing operational and financial support through the critical start-up incubation years is part of our commitment to encourage small businesses, as well as women, minority and veteran-owned businesses, to open their doors and flourish.”

KEYS program participants benefit from:
• One year of free rent
• Affordable first year property charges to minimize initial overhead (standard triple net fees shall apply)
• Access to personal Kimco retail business counselors
• The flexibility of exercising a four-year lease option after the first year
• Access to shop space in established retail centers

Interested KEYS applicants are asked to provide a written business plan with specific goals and objectives, and demonstrate adequate funding for their venture. An endorsement, certificate, degree, or letter of completion from small business educational classes, NxLeveL, Small Business Development Center, or a college or university is also recommended.

Earlier this year, Kimco announced an alliance with NxLeveL Education Association to provide comprehensive 30-hour educational course programs for start-up entrepreneurs and prospective business owners interested in opening their first retail store, restaurant, or service operation. NxLeveL, the nation’s largest entrepreneurial training network, with more than 300,000 graduates and 8,000 certified instructors, offers a practical, hands-on approach to preparing and executing a business plan.

For more information on the Kimco KEYS program or to obtain an application, please visit www.KimcoKeys.com or call 1-888-668-1690.

About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2015, the company owned interests in 727 shopping centers comprising 107 million square feet of leasable space across 39 states, Puerto Rico, Canada, and Chile. Publicly traded on the 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. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

###

Contact:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
1-866-831-4297
dbujnicki@kimcorealty.com