Kimco Realty Corporation (KIM) Presents at BofA Securities 2025 Global Real Estate

Core Insights - 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 annual base rent (ABR) comes from grocery-anchored shopping centers, with over 91% of its portfolio located in strong demographic corridors with high barriers to entry [3] - The company's strategy emphasizes necessity-based retail, maintaining a disciplined balance sheet, leveraging national scale, deep retailer relationships, and creative capital allocation to achieve outperformance [3] Leasing and 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] - The current tight supply environment means that delaying new store openings could result in losing market share to competitors, which is reflected in Kimco's pipeline [4]