Valued at a market cap of $15.8 billion, Kimco Realty Corporation (KIM) is a real estate investment trust (REIT) that owns and operates high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The Jericho, New York-based company’s tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week.
Companies worth $10 billion or more are generally described as “large-cap” stocks, and KIM fits right into that category. The company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 60 years and owns interests in 567 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space as of September 30, 2024.
