2012 OPERATING REVIEW (continued)

Kimco helps protect the environment through sustainability initiatives like utility and waste management, lighting and irrigation efficiency, rooftop solar-power production, and low-impact materials and design – efforts that also reduce operating costs and create new revenue streams.

FOCUSED ON VALUE

The true value of retail real estate comes from people. The people who finance, build and maintain shopping centers; the people who realize retail success in them, and the people who shop, enjoy dining and entertainment, or find a sense of community in them.

Behind them all, are the people of Kimco – the men and women who are focused every day on creating value for retailers, consumers, investors and communities alike. And they do a great job of it.

They work closely with retailers of all sizes to understand their business plans and help them find the right real estate to maximize their performance.

They give entrepreneurs and first-time business owners a helping hand through programs like KEYS, which offers training and incentives to start new businesses, and FastTRACK Franchise, which connects aspiring and experienced franchise owners with pre-approved locations.

They create, renew and maintain attractive shopping environments that enhance the consumer experience, improve property values, and keep shoppers coming back for more.

They help protect the environment through sustainability initiatives like utility and waste management, lighting and irrigation efficiency, rooftop solar-power production, and low-impact materials and design – efforts that also reduce operating costs and create new revenue streams.

They improve our internal efficiency with technology, creating lease management and integrated financial planning systems; business intelligence tools, and mobile property management applications.

In the end, as they focus on creating value for those around them, the people of Kimco create value for themselves, building careers and a company with almost unlimited potential and opportunity.

We thank all Kimco associates for their many contributions to our success in 2012, and look forward to what their energy, creativity, drive and determination will mean to us in the years ahead.

D.Henry_sig
David B. Henry
Vice Chairman, President
& Chief Executive Officer

Mike_P_sig
Michael V. Pappagallo
Executive Vice President
& Chief Operating Officer

Glen_Cohen
Glenn G. Cohen
Executive Vice President,
Chief Financial Officer
& Treasurer
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Edgewater Commons, Edgewater, New Jersey
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Hampton Bays Plaza, Hampton Bays, New York