Kimco Realty Corporation (KIM) Presents At BofA Securities 2025 Global Real Estate Conference Transcript

Company Overview - Kimco is the largest owner and operator of open-air grocery-anchored shopping centers, focusing on high barrier first-ring suburban markets across the Sunbelt and coastal states [3] - 86% of Kimco's ABR (Annual Base Rent) comes from grocery-anchored shopping centers, with over 91% of its portfolio located in strong demographic corridors with high barriers to entry [3] Business Strategy - The company's strategy emphasizes necessity-based retail, maintaining a disciplined balance sheet, and leveraging national scale, deep retailer relationships, and redevelopment platforms [3] - Creative capital allocation, including structured investments and strategic use of entitlements, is aimed at delivering outperformance through economic cycles [3] Market Demand - There has been no slowdown in leasing velocity or tenant demand since the last earnings call; retailers are actively pursuing space and accelerating deals [4] - In a tight supply environment, delaying new store openings risks losing market share to competitors, which reflects positively on Kimco's pipeline [4]