Jericho, New York-based Kimco Realty Corporation (KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the U.S. Valued at $14 billion by market cap, the company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities.
Shares of this leading grocery-anchored shopping center REIT have underperformed the broader market over the past year. KIM has declined 14% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.7%. In 2025, KIM’s stock fell 11.8%, compared to the SPX’s 16.3% rise on a YTD basis.
