US49446R1095 - REIT - After market: 18.01 0 (0%)
NYSE:KIM (3/24/2023, 8:04:00 PM)+0.5 (+2.86%)
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Kimco Realty Corp. is a real estate investment trust company, which engages in the ownership and operation of open-air shopping centers. The company is headquartered in Jericho, New York. The firm is an owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The firm's portfolio is primarily concentrated in the first-ring suburbs of metropolitan markets, including those in high-barrier-to-entry coastal markets and Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. The company specializes in shopping center ownership, management, acquisitions, and redevelopment activities. The company owns interests in about 526 United States shopping centers and mixed-use assets comprising 91 million square feet of gross leasable space. The firm's properties include 2200 Westlake, Camelback Miller Plaza, Grand Parkway Marketplace, Kentlands Market Square, Scottsdale Waterfront, Jericho Commons, Cupertino Village, Centro Arlington, and Westlake Shopping Center, among others.
KIMCO REALTY CORP
500 North Broadway, Suite 201, P.O. Box 9010
Jericho NEW YORK 11753
CEO: Conor C. Flynn
Sometimes you should look to the REIT sector for safety in an economic storm.
REITs and utilities are two sectors that should attract income investors.
These companies offer much more attractive dividend yields these days.
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