Kimco Realty
American real estate investment trust
From Wikipedia, the free encyclopedia
Kimco Realty Corporation – known as Kimco – is a real estate investment trust headquartered in Jericho, New York, that invests in shopping centers throughout the Contiguous United States and the Commonwealth of Puerto Rico.
 | |
| Type | Public |
|---|---|
| NYSE: KIM S&P 500 component | |
| Industry | Real estate investment trust |
| Founded | 1966 |
| 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 [2] | |
Overview
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]
Kimco was the first public vertically integrated REIT designed to be internally managed and advised, providing its own property and asset management.[3]
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,[4] 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.[5]
In November 1991, the company became a public company via an initial public offering, raising $120 million.[2][6]
In 1998, the company acquired Price REIT for $535 million in stock.[7]
In October 2003, the company acquired Mid-Atlantic Realty Trust for $441 million.[8][9] A few years later, in 2007, Kimco acquired The Birchwood Organization – another Long Island-based company – for $92 million.[10]
In August 2021, the company acquired Weingarten Realty.[11]
In November 2022, the company acquired a portfolio of eight Long Island, NY shopping centers for $375.8 million.[12]
In January 2024, Kimco acquired RPT Realty, making the company the largest shopping center REIT.[13]
In October 2024, the company acquired Waterford Lakes Town Center for $322 million.[14]