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Kimco Realty Corporation Prices $500 Million Aggregate Principal Amount of 4.850% Notes due 2035

Sep 12, 2024almost 2 years ago

Contract Type

contract

JerichoReal EstateHospitality

Description

Kimco Realty Corporation has announced the pricing of $500 million aggregate principal amount of 4.850% notes due 2035, with an effective yield of 4.873%. The net proceeds from the offering will be used for general corporate purposes, including investments, redevelopment opportunities, and the repayment of outstanding indebtedness.

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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