JERICHO, New York, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate invest...








    



            







    
        
            December 03, 2025 18:20 ET
        

        
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                Kimco Realty Corporation
            
                

        
    

    

    

    





        
JERICHO, New York, Dec.  03, 2025  (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today announced the company achieved an ‘A3’ credit rating with a stable outlook from Moody’s Ratings (“Moody’s”), placing Kimco among a select group of REITs with A-level ratings from the three largest ratings agencies.  Moody’s attributed the upgrade to Kimco's high-quality, predominately grocery-anchored shopping center portfolio, which have demonstrated strong operational performance characterized by solid same property net operating income growth and double-digit leasing spreads. The upgrade also reflects the company's prudent financial structure marked by moderate leverage, robust interest coverage, and ample liquidity.  “Receiving our third A-level rating strongly affirms our operational excellence, robust access to financial markets, and disciplined capital allocation, all of which have enabled us to deliver consistent earnings growth,” said Glenn Cohen, Executive Vice President and Chief Financial Officer. “We are eager to continue building on this momentum.”  About Kimco Realty®     Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of September 30, 2025, the company owned interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.  The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/kimcorealty), and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.  Safe Harbor Statement  This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “commit,” “anticipate,” “estimate,” “project,” “will,” “target,” “plan,” “forecast” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company’s control and could materially affect actual results, performance or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) financial disruption, changes in trade policies and tariffs, geopolitical challenges or economic downturn, including general adverse economic and local real estate conditions, (ii) the impact of competition, including the availability of acquisition or development opportunities and the costs associated with purchasing and maintaining assets, (iii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iv) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (v) the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience, (vi) the availability of suitable acquisition, disposition, development, redevelopment and merger opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing in accordance with our expectations, (vii) the Company’s ability to raise capital by selling its assets, (viii) disruptions and increases in operating costs due to inflation and supply chain disruptions, (ix) risks associated with the development of mixed-use commercial properties, including risks associated with the development, and ownership of non-retail real estate, (x) changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management’s ability to estimate the impact of such changes, (xi) valuation and risks related to the Company’s joint venture and preferred equity investments and other investments, (xii) collectability of mortgage and other financing receivables, (xiii) impairment charges, (xiv) criminal cybersecurity attack disruptions, data loss or other security incidents and breaches, (xv) risks related to artificial intelligence, (xvi) impact of natural disasters and weather and climate-related events, (xvii) pandemics or other health crises, (xviii) our ability to attract, retain and motivate key personnel, (xix) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xx) the level and volatility of interest rates and management’s ability to estimate the impact thereof, (xxi) changes in the dividend policy for the Company’s common and preferred stock and the Company’s ability to pay dividends at current levels, (xxii) unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity, (xxiii) the Company’s ability to continue to maintain its status as a REIT for U.S. federal income tax purposes and potential risks and uncertainties in connection with its UPREIT structure, and (xxiv) other risks and uncertainties identified under Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024. Accordingly, there is no assurance that the Company’s expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes in other filings with the Securities and Exchange Commission (“SEC”).  CONTACT:David F. BujnickiSenior Vice President, Investor Relations and StrategyKimco Realty Corporation(833) 800-4343dbujnicki@kimcorealty.com  
            

Kimco Realty® Achieves ‘A3' Credit Rating from Moody's

<article>
    <h2>Kimco Realty Achieves ‘A3’ Credit Rating from Moody's</h2>
    <p>JERICHO, New York, Dec. 03, 2025 (GLOBE NEWSWIRE) – Kimco Realty® (NYSE: KIM), a prominent real estate investment trust (REIT) specializing in high-quality, grocery-anchored shopping centers and mixed-use properties across the United States, has announced that it has attained an ‘A3’ credit rating with a stable outlook from Moody's Investors Service. This designation places Kimco among an exclusive group of REITs recognized with A-level ratings from the leading national credit rating agencies.</p>

    <section>
        <h3>Factors Contributing to the Credit Rating Upgrade</h3>
        <p>Moody’s attributed the upgrade to Kimco’s strong portfolio of predominantly grocery-anchored shopping centers, which have shown impressive operational performance. Key highlights include:</p>
        <ul>
            <li><strong>Strong same-property net operating income growth</strong></li>
            <li><strong>Double-digit leasing spreads</strong></li>
            <li><strong>Prudent financial structure</strong> characterized by moderate leverage, robust interest coverage, and ample liquidity</li>
        </ul>
    </section>

    <section>
        <h3>Leadership Insights</h3>
        <p>Glenn Cohen, Executive Vice President and Chief Financial Officer of Kimco Realty (NYSE: KIM), expressed optimism regarding the credit upgrade. He stated, “Receiving our third A-level rating strongly affirms our operational excellence, robust access to financial markets, and disciplined capital allocation, all of which have enabled us to deliver consistent earnings growth. We are eager to continue building on this momentum.”</p>
    </section>

    <section>
        <h3>About Kimco Realty</h3>
        <p>Founded in 1991, Kimco Realty (NYSE: KIM) is a leader in the ownership and operation of open-air shopping centers and mixed-use properties. The company’s portfolio strategically targets first-ring suburbs in key metropolitan markets, including:</p> 
        <ul>
            <li>High-barrier coastal markets</li>
            <li>Sun Belt cities</li>
        </ul>
        <p>Kimco Realty focuses on necessity-based goods and services that encourage frequent customer visits. As of September 30, 2025, the company owns interests in 564 shopping centers and mixed-use assets, totaling approximately <strong>100 million square feet</strong> of gross leasable space.</p>
    </section>

    <section>
        <h3>Investor Communications</h3>
        <p>Kimco Realty emphasizes transparency in its operations, announcing significant information to investors via:</p>
        <ul>
            <li>Company's investor relations website: <a href="https://investors.kimcorealty.com">investors.kimcorealty.com</a></li>
            <li>SEC filings</li>
            <li>Press releases</li>
            <li>Public conference calls and webcasts</li>
        </ul>
        <p>The company also engages with its stakeholders through social media platforms such as <a href="https://www.facebook.com/kimcorealty">Facebook</a> and <a href="https://www.linkedin.com/company/kimco-realty-corporation">LinkedIn</a>.</p>
    </section>

    <section>
        <h3>Safe Harbor Statement</h3>
        <p>This announcement may contain certain forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. Such statements are identifiable by terms like “expect,” “anticipate,” and “plan.” Interested parties should be cautious, as these statements involve risks and uncertainties that may affect actual results.</p>
    </section>
</article>

Kimco Realty secured an ‘A3’ credit rating with stable outlook from Moody's.
This rating places Kimco among top REITs monitored by major agencies.
Strong performance attributed to grocery-anchored center portfolio and financial management.
Kimco continues to focus on growth amid operational excellence and market access.
Company's strategic positioning targets high-barrier coastal and Sun Belt markets.

Kimco Realty® Achieves ‘A3' Credit Rating from Moody's

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