Kimco Realty

Name

Kimco Realty

Legal name

Kimco Realty Corporation

Website

https://kimcorealty.com

Company type

Public

Founded year

1957

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Kimco Realty is an S&P 500 REIT that owns and operates 565 open-air, grocery-anchored shopping centers and mixed-use properties across 29 U.S. states, leasing space to necessity-based retailers and generating recurring rental income.

Ownership category

akta.pro rank

Product category

Retail REIT / Grocery-Anchored Shopping Center Real Estate

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Retail Brokerage (BPAJABAB)

Keywords

• Grocery-anchored shopping centers
• Open-air retail real estate
• Mixed-use property development
• Commercial property leasing
• Retail REIT investment

Headquarters

HQ city

New Hyde Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Rental Property Revenues: Primary revenue stream from minimum base rents, expense reimbursements, percentage rents, lease termination fees, and ancillary income from tenants occupying the company's shopping center portfolio.
2. Management and Other Fee Income: Fees earned from managing shopping centers for joint venture partners and third parties, including acquisition fees, leasing commissions, property management fees, asset management fees, and construction management fees.
3. Mortgage and Other Financing Income: Interest income from mortgage loans and financing receivables provided to property owners and developers, with rates ranging from 6.35% to 12.50% as of Q1 2026.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Kimco Realty owns, operates, and leases 565 open-air, grocery-anchored shopping centers and mixed-use properties comprising approximately 100 million square feet of gross leasable space across 29 U.S. states. The company generates revenue primarily through minimum base rents, expense reimbursements, and percentage rents from necessity-based retail tenants, complemented by management fees from joint ventures and interest income from mortgage and mezzanine financing.

Product overview

Kimco Realty operates as a single unified REIT offering centered on owning and operating high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the United States. The company's core product is its portfolio of 565 shopping centers comprising approximately 100 million square feet of gross leasable space. Supporting the core real estate portfolio, Kimco offers value-added services including redevelopment and development services, acquisition and disposition capabilities, preferred equity and mezzanine financing programs, and a curated Lifestyle Collection of premium properties. The company also provides tenant programs through Kimco Advantage, tailored retail spaces for specific uses, and multifamily residential offerings integrated into mixed-use properties. Technology platforms like Array support property operations, while registered trademarks including First in Last Mile Retail, Signature Series, and Kimco Realty Curbside Pick-Up establish the company's brand identity in the grocery-anchored retail REIT sector.

Differentiator

Problem solved

Functional benefit

Brands

• First in Last Mile Retail: Registered trademark and brand positioning tagline
• Just Around The Corner
• Lifestyle Collection
• Kimco Advantage

Products and services

• Kimco Realty Shopping Centers (Core Portfolio) High-quality, open-air, grocery-anchored shopping centers and mixed-use properties comprising 565 properties and approximately 100 million square feet of gross leasable space, located in first-ring suburbs of top U.S. metropolitan markets across 29 states. Leased to national, regional, and local retail tenants under multi-year commercial leases.
• Lifestyle Collection A curated portfolio of premium mixed-use assets blending entertainment, specialized grocery, and heightened food and beverage offerings alongside everyday needs, designed to drive increased traffic and tenant sales. Examples include Scottsdale Waterfront, Mary Brickell Village, Dania Pointe, Lincoln Square, and The Driscoll at River Oaks.
• Multifamily Portfolio Mixed-use residential properties integrated with shopping center locations, building communities that thrive alongside retail operations as part of the company's mixed-use development strategy.
• Redevelopment Services Value-enhancing redevelopment activities for shopping center properties, including mixed-use development opportunities and density increase initiatives to drive rental income growth.
• Acquisition & Disposition Services Strategic acquisition and disposition of shopping center properties for ongoing portfolio optimization, including high-profile transactions such as the approximately $2 billion RPT Realty acquisition in 2024.
• Preferred Equity & Mezzanine Financing Capital solutions providing preferred equity and mezzanine financing to property developers and owners, generating mortgage and other financing income for the company.
• Tailored Spaces Pre-configured second-generation retail spaces (former-use spaces) for specific tenants such as dental, hair salon, medical, nail salon, restaurant, pad sites, and office uses, simplifying the leasing process for small and specialty tenants.
• Kimco Advantage Tenant Program Tenant benefits program providing leasing advantages at Kimco properties, including curbside pickup support, discount programs, and dedicated property team access, positioning Kimco as a value-add landlord partner.
• Property Management Services (for JV and Third-Party Owners) Management services for shopping centers owned by joint venture partners and third parties, including acquisition fees, leasing commissions, property management fees, asset management fees, and construction management fees.

Quantifiable outcome

• 96.3%-96.4% portfolio occupancy rate (all-time high)
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• AvalonBay CommunitiesminorOthers · 10 November 2025Conor C. Flynn, CEO of Kimco Realty, was appointed to the Board of Directors of AvalonBay Communities, Inc. This represents a cross-board relationship between two major REIT companies.

Scale indicators10 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Federal Realty Investment Trust: S&P 500 open-air shopping center REIT focused on high-quality, grocery-anchored and mixed-use properties in affluent coastal markets. Most direct competitor to Kimco in tenant quality, demographic focus, and mixed-use strategy.
• Regency Centers: National grocery-anchored shopping center REIT owning approximately 480 properties. Closest direct competitor to Kimco's grocery-anchored, necessity-based open-air strategy.
• Brixmor Property Group: Owns and operates one of the largest open-air shopping center portfolios in the US with a focus on grocery-anchored centers. Highly comparable in scale, tenant base, and leasing model to Kimco.
• Phillips Edison & Company: Internally managed REIT focused exclusively on grocery-anchored neighborhood shopping centers. Smaller than Kimco but very directly comparable on tenant strategy, format, and necessity-retail positioning.
• Kite Realty Group Trust: Open-air shopping center REIT with a predominantly Sun Belt portfolio. Directly comparable in geographic concentration and tenant mix to Kimco's coastal and Sun Belt strategy.
• SITE Centers: Open-air shopping center REIT focused on necessity and value-oriented retailers. Smaller and more discretionary-tilted than Kimco but competes for similar anchor and small-shop tenants.

Broad incumbents

• Simon Property Group: Largest US REIT and dominant owner of regional malls and premium outlet centers. Competes with Kimco for national retail tenants but operates in a different format (enclosed mall vs. open-air) at much greater scale.
• Realty Income: S&P 500 net-lease REIT with a diversified portfolio across retail, industrial, and other property types. Competes with Kimco for retail tenant credit and capital allocation but operates a fundamentally different single-tenant net-lease model.
• Macerich: Major mall REIT owning high-quality regional malls in dense US markets. Competes indirectly with Kimco for retail tenant mindshare and rent dollars, but with a mall-specific format that is more exposed to e-commerce substitution.

Emerging players

• Tanger Inc. Outlet center operator that increasingly overlaps with Kimco's value and off-price retail tenant base. Smaller and more focused than Kimco, with less grocery-anchored exposure, but increasingly competitive for off-price and discretionary retailers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/kimcorealty
• YouTubeyoutube.com/kimcorealty
• Facebookfacebook.com/kimcorealty
• LinkedInlinkedin.com/company/kimco-realty-corporation
• Instagraminstagram.com/kimcorealty

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds7 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kimco Realty