Kimco Realty is a real estate investment trust (REIT) that owns and operates a portfolio of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties. Its assets are strategically concentrated in the first-ring suburbs of major U.S. metropolitan areas, with a focus on high-barrier-to-entry coastal markets and growing Sun Belt cities. Major areas of investment include the New York metropolitan area, the Baltimore-Washington D.C. region, Southern and Northern California, Miami, Houston, and Phoenix. The company's strategy involves actively pursuing value-enhancing redevelopment, development, and anchor repositioning projects, as well as incorporating multifamily residential components into its mixed-use assets.
Kimco Realty is currently focused on a strategy of selective capital recycling, monetizing long-term ground leases, and using generated cash flow and dispositions to fund mixed-use and core retail acquisitions as well as share repurchases. Management continues to integrate and optimize its portfolio after completing two large-scale historical acquisitions within the last seven years. In January 2024, the company closed the all-stock acquisition of RPT Realty valued at approximately $2.0 billion, a transaction completed at an implied cap rate in the low-8% range. Prior to that, in August 2021, Kimco acquired Weingarten Realty for approximately $5.9 billion at a blended in-place cap rate of 5.8%.
In late 2025, the company announced an increase to its quarterly cash dividend. Effective for the dividend payable in December 2025, the payout was raised to $0.26 per share, representing a 4.0% increase over the prior dividend level.
**Acquisitions**
**Dispositions**
**Refinancings, new loans & other capital markets**
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