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Kimco Realty Realizes Additional Value from Albertsons Investment

Jun 30, 2020•about 5 years ago
Jericho

Description

Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that it received approximately $71.4 million from its investment in Albertsons Companies, Inc. (NYSE: ACI) (Albertsons) upon the closing of its initial public offering (IPO). Kimco intends to use its share of proceeds to primarily reduce debt.

Company Information

Company

Kimco Realty

Location

Jericho, New York, United States

About

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. As of March 31, 2020, the company owned interests in 401 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

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