The Qualities of Kimco
Size and Stability Matter
Our size and geographic diversity – 946 shopping centers totaling 138 million square feet in 44 U.S. states, along with Canada, Mexico, Puerto Rico and South America – make us the real estate partner of choice for many retailers.
Size, of course, is a strength, but so is our stability. That stability comes from our well-diversified mix of creditworthy tenants, store sizes, and retailer businesses.
Among national retailers, only 14 exceed 1 percent of our annual base rent (ABR), with the largest accounting for only 3 percent of our ABR. Our portfolio also includes a strong spread of store sizes, ranging from anchor and junior anchor spaces (together about 60 percent of our ABR), to mid-size and small shops.
Importantly, nearly 60 percent of our shopping centers are anchored by grocery stores or major discounters with a food component. Such “necessity” retailers, along with their service-oriented co-tenants, are recession resilient, largely immune to the effects of e-commerce, and draw a steady stream of repeat traffic – all of which creates long-term value.
LOOKING AHEAD
Continually strengthening our existing portfolio for growth… Exiting retail assets that don’t meet our long-term focus… Divesting non-retail assets… Reinvesting in core properties through redevelopment, re-tenanting and expansion.