Thu Sep 12 10:50:53 UTC 2024: ## Kimco Realty’s Outlook Upgraded by S&P Global Ratings

**JERICHO, NY – September 12, 2024** – Kimco Realty (NYSE: KIM), a leading owner and operator of open-air shopping centers, received a positive outlook upgrade from S&P Global Ratings. The ratings agency affirmed Kimco’s “BBB+” Issuer Credit Rating while revising the outlook to “Positive” from “Stable.”

S&P’s decision reflects their confidence in Kimco’s strong operating performance over the next two years. This optimism is fueled by favorable retail market fundamentals, historically high leased occupancy, positive leasing and releasing spreads, and the anticipated upside potential from recently acquired RPT properties.

Kimco’s portfolio is strategically focused on the first-ring suburbs of major metropolitan areas, including high-barrier-to-entry coastal markets and fast-growing Sun Belt cities. Their tenant mix emphasizes essential goods and services, driving frequent customer visits.

“This positive outlook from S&P is a strong endorsement of Kimco’s strategic direction and our commitment to delivering sustainable value for our investors,” said [insert quote from Kimco CEO or relevant executive].

Kimco Realty, publicly traded on the NYSE since 1991 and included in the S&P 500 Index, has a long history of success in shopping center ownership, management, and redevelopment. With a dedication to corporate responsibility, Kimco continues to be an industry leader in this area. As of June 30, 2024, the company owned interests in 567 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space.

Investors and the public can find material information about Kimco through their investor relations website, SEC filings, press releases, public conference calls, and webcasts. The company also utilizes social media to communicate with stakeholders, including Facebook, Twitter, and LinkedIn.

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