Kimco Realty Corporation
Encyclopedia
Kimco Realty Corporation, , a Real Estate Investment Trust
(REIT), owns and operates North America’s largest portfolio of neighborhood and community shopping centers. As of September 30, 2011, the company owned interests in 937 shopping center properties comprising 137,100,000 sqft of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Public since 1991, the company has specialized in shopping center acquisitions, development and management for 50 years.
Kimco is a component stock in the S&P 500
and S&P 1500 Super Comp indices.
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
(REIT), owns and operates North America’s largest portfolio of neighborhood and community shopping centers. As of September 30, 2011, the company owned interests in 937 shopping center properties comprising 137,100,000 sqft of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Public since 1991, the company has specialized in shopping center acquisitions, development and management for 50 years.
Kimco is a component stock in the S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
and S&P 1500 Super Comp indices.