Kimco Realty Corp (NYSE: KIM) is a real estate investment trust that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties across the United States. The company makes money by leasing retail space to tenants and collecting base rents plus reimbursements for operating expenses such as property taxes, insurance, and maintenance. Kimco operates as a paired structure: Kimco Realty Corporation is the parent company and real estate investment trust, and Kimco Realty OP, LLC is the operating partnership through which properties are held and managed. The company files combined annual reports on Form 10-K for both entities, with the primary difference between the two being the classification of equity, while assets and liabilities are identical. The 10-K was filed on 2026-02-20 for the fiscal year ended in that period, with accession number 000119312526060760.

Revenue model

Rental income from retail tenants, structured as base rent plus tenant reimbursements for property operating expenses including taxes, insurance, and common area maintenance. The REIT structure requires distributing at least 90% of taxable income to shareholders.

Products and services

Ownership, operation, and leasing of open-air shopping centers and mixed-use properties, with a focus on grocery-anchored centers.

Customers and end markets

Retail tenants leasing space at open-air and grocery-anchored shopping centers. End markets include grocery, apparel, dining, and other consumer-facing retail categories.

Value-chain role

Property owner and landlord. Acquires, develops, redevelops, and manages retail real estate and leases space to retail tenants.

Geographic exposure

United States. Specific property counts and geographic breakdown by state or region are not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-20

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