Kimco Realty
Real estate investment trust
From Wikipedia, the free encyclopedia
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
 | |
| Company type | Public |
|---|---|
| NYSE: KIM S&P 500 component | |
| Industry | Real estate investment trust |
| Founded | 1958 |
| Founders | Milton Cooper Martin Kimmel |
| Headquarters | Jericho, New York |
Area served | Contiguous United States and Puerto Rico |
Key people | Milton Cooper (chairman) Conor C. Flynn (CEO) Glenn G. Cohen (CFO) |
| Revenue |  $2.037 billion (2024) |
 $410 million (2024) | |
| Total assets | $20.309 billion (2024) |
| Total equity | $10.797 billion (2024) |
| Owner | Milton Cooper (1.6%) |
Number of employees | 717 (2024) |
| Subsidiaries | RPT Realty[1] |
| Website | www |
| Footnotes / references [2] | |
As of December 31, 2025, the company owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.[2]
History
The Kimco Corporation, the predecessor of the company, was founded in 1966 by a group of real estate investors, including Martin Kimmel and Milton Cooper, who merged their retail assets. This asset merger led to the new company being named Kim-co. The company was incorporated in 1973.[2]
In 1988, the company acquired Gold Circle for $325 million.[3]
In November 1991, the company became a public company via an initial public offering, raising $120 million.[2][4]
In 1998, the company acquired Price REIT for $535 million in stock.[5]
In October 2003, the company acquired Mid-Atlantic Realty Trust for $441 million.[6][7]
In August 2021, the company acquired Weingarten Realty.[8]
In November 2022, the company acquired a portfolio of eight Long Island, NY shopping centers for $375.8 million.[9]
In January 2024, Kimco acquired RPT Realty, making the company the largest shopping center REIT.[10]
In October 2024, the company acquired Waterford Lakes Town Center for $322 million.[11]