North America’s Largest Owner & Operator of
Neighborhood & Community Shopping Centers.
History Started in 1958 | IPO that initiated modern REIT era; NYSE-listed for ~20 years | S&P 500 Index
(2006)
Dividend $0.76 annually, ~3.9% yield (3/31/12)
Shopping Center Properties 946 properties; 138.1M / 89.5M sq. ft. (gross/pro-rata)
Geographic Footprint 44 states, Puerto Rico, Canada, Mexico and South America
Occupancy (pro-rata) 5-year average: 93.9% | High: 96.3% (12/31/07) / Low: 92.3% (6/30/09)
Enterprise Value $13.2B (3/31/12)
Credit Rating Investment Grade BBB+ | BBB+ | Baa1 (S&P | Fitch | Moody’s)
Who is Kimco?
4
Trends in 2012
Jr. Anchor Movement
Continued New Market Penetration
Inter-market Repositioning
Continued Downsizing and Contraction
Lease Rate Stabilization
8
Outlook 2013
Anchor Expansion—New Market Penetration
Minimal Continued Store Closing
Continued Inter-market Repositioning
Improvement of Lease Terms—Higher Rents
Limited, Cautious, Careful Development
Retailer Growth
Fastest Growing Restaurant Chains:
--Subway--Little Caesar’s--Jimmy John’s--Five Guys Burgers and Fries--Chipotle
source: QSR Top 50
Retailer Growth
Top Restaurant Franchises:
--McDonald’s--KFC--Subway--Burger King--Pizza Hut
source: 2012 Franchise Times
Retailer Growth
Expanding Boxes 80,000 SF +:
--Wal Mart--Burlington Coat Factory--Kohl’s--Costco--Home Depot
source: 2012 Franchise Times
Retailer Growth
Expanding MID Boxes 40,000 SF +:
--TJ Maxx--Gold’s Gym--LA Fitness--Dick’s Sporting Goods--Bed Bath Beyond
source: 2012 Franchise Times
• Kimco Entrepreneurs Year Start (KEYS) is a business incubator program for qualified startup entrepreneurs.
• Approved applicants receive: • Resources and services • One year of free rent (must pay NNN expenses only)
• This incentive accelerates the growth of their new businesses in shopping centers owned by Kimco and its joint venture partners.
Kimco Entrepreneurs
What is KEYS?
Year Start
Westlake Shopping Center - Daly City, CA