Valued at a market cap of $14.4 billion, Kimco Realty Corporation (KIM) is a real estate investment trust (REIT) that owns and operates high-quality, open-air, grocery-anchored shopping centers and mixed-use properties. The Jericho, New York-based company's portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets.
This retail REIT has underperformed the broader market over the past 52 weeks. Shares of KIM have dropped 3.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.6%. Moreover, on a YTD basis, the stock is down 9.4%, compared to SPX’s 7.8% return.
