Alexei Chen's questions to Kimco Realty Corp (KIM) leadership • Q2 2025
Question
Alexei Chen from Robert W. Baird & Co. Incorporated asked when the redevelopment pipeline is expected to become a net positive contributor to same-store NOI growth.
Answer
CEO Conor Flynn explained that the current drag is due to taking boxes offline for redevelopment, often for grocery conversions. He stated that the contribution from redevelopment is expected to flip to a positive tailwind for same-store NOI in the second half of 2025.