Kimco Realty Corporation (KIM), based in New York, is a real estate investment trust (REIT) with a market cap of $16.6 billion. The company focuses on owning and managing open-air, grocery-anchored shopping centers throughout North America, as well as expanding its portfolio of mixed-use properties.
This leading REIT company has slightly underperformed the broader market over the past year. KIM has surged 31% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 35.8% returns during the same time frame. However, in 2024, KIM has matched the SPX’s 24.3% gains on a YTD basis.
