Kimco Realty® Achieves ‘A-' Credit Rating from S&P Global

Core Viewpoint - Kimco Realty achieved an 'A-' credit rating with a stable outlook from S&P Global Ratings, positioning it among only 13 publicly-listed U.S. REITs with such a rating [1][2]. Company Performance - The upgrade was driven by Kimco's solid operating performance and well-positioned balance sheet, with nearly doubled portfolio scale through all-stock acquisitions [2]. - Kimco's focus on grocery-anchored centers, which now account for 86% of average base rent, generates consistent cash flow [2]. - The company maintains leverage-neutral growth and benefits from resilient tenant demand, with debt to EBITDA expected to be in the mid- to high-5x range [2]. Company Overview - Kimco Realty is a leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the U.S., with a portfolio concentrated in major metropolitan markets [3]. - As of June 30, 2025, the company owned interests in 566 shopping centers and mixed-use assets, totaling 101 million square feet of gross leasable space [3].