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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Conor C. Flynn ExecutiveBoard | Chief Executive Officer and Director | Member and First Vice Chair of Nareit; Chair of Nareit’s Investment Advisory Council; Member of the Real Estate Roundtable and Urban Land Institute. | Joined KIM in 2003; became CEO in January 2016; previously held roles including COO, CIO, and President of the Western Region. | View Report → |
David Jamieson Executive | Executive Vice President and Chief Operating Officer | None [N/A]. | Joined KIM in 2007; became COO in February 2017; leads redevelopment and mixed-use platform; instrumental in ESG strategy development [N/A]. | |
Glenn G. Cohen Executive | Executive Vice President and Chief Financial Officer | Independent Director at Piedmont Office Realty Trust, Inc.; Member of Nareit, ICSC, and other professional organizations. | Joined KIM in 1995; became CFO in June 2010; oversees financial strategy, accounting, and IT activities; voting member of the Investment Committee. | |
Frank Lourenso Board | Director | None [N/A]. | Director at KIM since December 1991; serves on Audit, Executive Compensation, and Nominating Committees; expertise in financial services and capital markets. | |
Henry Moniz Board | Director | Chief Compliance Officer at Meta Platforms, Inc.; Chairman of the Board of Meta Payments, Inc.; Advisory Board Member at Harvard Law School. | Director at KIM since January 2021; extensive compliance and governance expertise; also serves in leadership roles at Meta Platforms. | |
Mary Hogan Preusse Board | Lead Independent Director | Director at Digital Realty Trust, Host Hotels & Resorts, and Realty Income Corporation; Senior Adviser to Fifth Wall Ventures. | Director at KIM since February 2017; retired Managing Director at APG Asset Management; recipient of Nareit’s Industry Achievement Award. | |
Nancy Lashine Board | Director | Managing Partner at Park Madison Partners. | Director at KIM since January 2025; serves on Audit and Executive Compensation Committees; founder of Park Madison Partners; expertise in capital markets. | |
Philip E. Coviello Board | Director | Director of Getty Realty Corporation (Chair of Audit Committee, member of Compensation and Nominating Committees). | Director at KIM since May 2008; extensive experience in corporate governance, real estate transactions, and SEC filings. | |
Richard B. Saltzman Board | Director | Senior Advisor at Ranger Global Real Estate Advisors and Peaceable Street Capital; Board Member at Equiem Holdings Pty. Ltd.. | Director at KIM since July 2003; Chair of the Audit Committee; former CEO of Colony Capital; extensive investment banking and real estate expertise. | |
Valerie Richardson Board | Director | COO of the International Council of Shopping Centers (ICSC); Director at American Healthcare REIT, Inc.. | Director at KIM since June 2018; Chair of the Executive Compensation Committee; extensive retail real estate experience. |
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Given your significant $200 million investment in The Rim at a high 9% interest rate with an 80% loan-to-value ratio, how are you managing the risks associated with this position, and what are your plans if market conditions become unfavorable? ,
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With rents at Mary Brickell Village increasing from the $40s to triple digits during redevelopment, what challenges might you face in achieving these higher rents, and how do you plan to address potential tenant resistance or market saturation?
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As your same-site NOI growth guidance has increased to 2.75%–3.25% for the year, given the high occupancy levels of your portfolio, what factors could hinder sustaining this growth rate in the long term? , ,
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Considering that approximately 30% of your anchor leases expiring through 2025 have no options and a 40% mark-to-market opportunity, are you prepared to potentially risk occupancy by seeking higher rents or replacing tenants, and how might this impact your tenant relationships?
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In light of mixed economic signals and shifts in consumer spending towards value retailers, are you adjusting your leasing strategy to mitigate potential risks, or do you plan to maintain your current approach, and what justifies this stance? ,
Research analysts who have asked questions during KIMCO REALTY earnings calls.
Alexander Goldfarb
Piper Sandler
5 questions for KIM
Greg McGinniss
Scotiabank
5 questions for KIM
Juan Sanabria
BMO Capital Markets
5 questions for KIM
Michael Goldsmith
UBS
5 questions for KIM
Michael Mueller
JPMorgan Chase & Co.
5 questions for KIM
Dori Kesten
Wells Fargo & Company
4 questions for KIM
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
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Linda Tsai
Jefferies
4 questions for KIM
Paulina Rojas Schmidt
Green Street Advisors
4 questions for KIM
Ronald Kamdem
Morgan Stanley
4 questions for KIM
Samir Khanal
Bank of America
4 questions for KIM
Wesley Golladay
Robert W. Baird & Co.
4 questions for KIM
Caitlin Burrows
Goldman Sachs
3 questions for KIM
Craig Mailman
Citigroup
3 questions for KIM
Haendel St. Juste
Mizuho Financial Group
3 questions for KIM
Michael Gorman
BTG Pactual
3 questions for KIM
Jeffrey Spector
BofA Securities
2 questions for KIM
Linda Yu Tsai
Jefferies Financial Group Inc.
2 questions for KIM
Michael Griffin
Citigroup Inc.
2 questions for KIM
Omotayo Okusanya
Deutsche Bank AG
2 questions for KIM
Ravi Vedi
Mizuho Securities
2 questions for KIM
Alexei Chen
Robert W. Baird & Co. Incorporated
1 question for KIM
Andrew Reale
Bank of America
1 question for KIM
Cooper Clark
Wells Fargo
1 question for KIM
Floris van Dijkum
Compass Point Research & Trading
1 question for KIM
Ki Bin Kim
Truist Securities
1 question for KIM
Nicholas Joseph
Citigroup
1 question for KIM
Rich Hightower
Barclays
1 question for KIM
Steve Sakwa
Evercore ISI
1 question for KIM
Sydney McEntee
Citigroup Inc.
1 question for KIM
| Customer | Relationship | Segment | Details |
|---|---|---|---|
TJX Companies | Landlord-tenant | All | Represents 3.7% of annualized base rental revenues. |
Ross Stores | Landlord-tenant | All | Represents 1.8% of annualized base rental revenues. |
The Home Depot | Landlord-tenant | All | Represents 1.8% of annualized base rental revenues. |
Amazon/Whole Foods | Landlord-tenant | All | Represents 1.7% of annualized base rental revenues. |
Burlington Stores | Landlord-tenant | All | Represents 1.7% of annualized base rental revenues. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
RPT Realty | 2024 | Kimco Realty acquired RPT Realty on January 2, 2024, following a definitive merger agreement signed on August 28, 2023; the merger added 56 open‐air shopping centers (13.3 million sq ft of GLA) to Kimco’s portfolio with a share conversion mechanism (0.6049 Kimco common shares per RPT share) and generated an estimated $34 million in cost savings synergies. |
Merger Acquisition | 2022 | Kimco Realty executed a corporate reorganization merger by forming New Kimco as a holding company, whereby every share of Kimco (common and preferred) was automatically converted into corresponding New Kimco shares; effective January 1, 2023, this tax-free reorganization (under Section 368) streamlined the corporate structure while maintaining operational continuity and equity incentive plans. |
Recent press releases and 8-K filings for KIM.
- Kimco’s portfolio is 86% ABR grocery-anchored and 91% concentrated in top demographic corridors, anchored by a necessity-based retail strategy and disciplined balance sheet.
- Small shop occupancy hit a record 92.2%, with anchor occupancy only 150 bps below its historic peak, driven by deep tenant demand and rapid deal execution (e.g., 5-store Sprouts in <1 month; multi-site TJ Maxx in 10 days).
- The $66 million sign-but-not-open pipeline (88% to commence by end-2026) will contribute $45 million of NOI in 2026, largely from backfills of Party City, Joann, Big Lots and Rite Aid spaces.
- Capital recycling strategy targets annual dispositions of $100–150 million in long-term ground leases to reinvest via 1031 exchanges into assets with ~50 bps higher cap rates and 200 bps higher CAGR.
- Investments in best-in-class technology (Salesforce) and generative AI tools are enhancing leasing lead-generation, marketing efficiency, and keeping G&A flat despite growth.
- On June 26, 2025, Kimco Realty OP, LLC issued $500 million aggregate principal amount of 5.300% Notes due 2036, fully and unconditionally guaranteed by Kimco Realty Corporation.
- The Notes bear 5.300% annual interest, paid semi-annually on February 1 and August 1, commencing February 1, 2026.
- Redemption options include an optional call prior to the Par Call Date at Treasury Rate + 15 bps and 100% of principal on or after the Par Call Date.
- On June 16, 2025, Kimco OP priced $500 million aggregate principal amount of 5.300% notes due February 1, 2036 at an effective yield of 5.354%, with settlement on June 26, 2025.
- The notes will be fully and unconditionally guaranteed by Kimco Realty Corporation.
- Net proceeds will fund general corporate purposes, including repayment of borrowings under its $2.0 billion unsecured revolving credit facility and financing acquisition, investment and redevelopment opportunities.
- Joint book‐running managers for the offering included Wells Fargo Securities, BNP Paribas, PNC Capital Markets, RBC Capital Markets and Truist Securities.
- Strong Financial Performance: Reported FFO of $301.9 million (up from $261.8 million YoY) with per share FFO of $0.44 and raised full-year guidance, alongside a positive turn with net income of $125.1 million and EPS of $0.18.
- Robust Leasing & NOI Growth: Signed 583 leases covering 4.4 million sq ft, achieving same-property NOI growth of 3.9% and securing strong annual base rent from grocery-anchored properties.
- Active Capital Management: Repurchased 3 million shares at an average price of $19.61, repaid approximately $550 million of debt, and maintained liquidity of $2 billion with net debt to EBITDA at 5.3x.
- Strategic Transactions: Acquired The Markets at Town Center in Jacksonville for $108 million and executed additional investments including senior loans in South Florida and New York, paving the way for a robust deal pipeline into Q2 2025.
- Earnings Call Insights: Included forward-looking statements, outlined key risk factors, and emphasized disciplined capital allocation with a focus on diversified geographic markets in the Sun Belt and Coastal regions.