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Kimco Realty® To Acquire Rpt Realty In All-Stock Transaction

PUBLIC · KIMAug 28, 2023

Acquiring Company

Kimco Realty

Acquired Company

RPT Realty

JerichoReal EstateHospitalityReal EstateConsumer Goods

Description

Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, and RPT Realty (“RPT”) (NYSE: RPT), a publicly traded owner and operator of a national portfolio of open-air shopping center destinations principally located in top U.S. markets, today announced a definitive merger agreement under which RPT will be acquired by Kimco in an all-stock transaction valued at approximately $2 billion, including the assumption of debt and preferred stock. Upon closing, Kimco expects to have a pro forma equity market capitalization of approximately $13 billion and a total enterprise value of approximately $22 billion.

Quick answer

Kimco Realty is acquiring RPT Realty, announced August 28, 2023. Kimco Realty is based in Jericho, New York, United States.

How much did Kimco Realty pay for RPT Realty?
The deal value was not disclosed.
What does Kimco Realty do?
Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a..
Where are Kimco Realty and RPT Realty based?
Kimco Realty is based in Jericho, New York, United States.
Who are the decision-makers at Kimco Realty?
Fundz holds 3 contacts at Kimco Realty. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Kimco Realty

Location

Jericho, New York, United States

About

Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The Company’s portfolio is primarily located in the first-ring suburbs of the top major metropolitan markets, including those in attractive coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the Company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of June 30, 2023, the Company owned interests in 528 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space. For further information, please visit www.kimcorealty.com.

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Frequently asked

Who acquired RPT Realty?

RPT Realty was acquired by Kimco Realty, based in Jericho. The deal was reported on August 28, 2023. Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. Kimco Realty is publicly traded (KIM) and operates in Real Estate.

When did Kimco Realty acquire RPT Realty?

Kimco Realty's acquisition of RPT Realty was reported on August 28, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does RPT Realty do?

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. It is privately held, operating in Real Estate.

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