NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE:KIM) is pleased to announce that it has achieved the “Green Star” designation from the Global Real Estate Sustainability Benchmark (GRESB) for the third consecutive year. In addition, the company was named for the second consecutive year to the Dow Jones Sustainability North America Index (DJSI), and remains the only retail owner recognized on the Index. These distinctions highlight the company’s commitment to sustainability and corporate citizenship, and its desire to lead by example in the areas of environmental, social and governance performance.
The “Green Star” is GRESB’s highest designation, and Kimco’s 2016 GRESB survey score places the company first among its U.S. open-air peers. Founded in 2011, GRESB is considered the real estate sector’s roadmap to high sustainability performance and low carbon emissions. Its annual survey is the leading global forum for real estate companies seeking to voluntarily disclose sustainability performance. Kimco has participated since the survey’s inception, with 2016 marking the company’s fifth consecutive year of aggregate score improvement.
The Dow Jones Sustainability Index assessment process involves the evaluation of more than 3,400 of the world’s largest companies each year and is considered a leading authority for investors tracking the financial performance of corporate sustainability leaders in their respective industries. This is the second year that Kimco has completed the DJSI assessment and also the company’s second consecutive year as the sole retail REIT selected for inclusion in the North America Index.
“It is our goal to make sustainability a calling card for Kimco, and I’m proud to say we are leading the charge,” said Conor Flynn, President and Chief Executive Officer at Kimco. “In the five short years since we launched our sustainability initiative in 2011, we have decreased same site energy consumption in our centers by over 15 percent – an impressive feat for a company of our size. Kimco continues to focus on improving communities across the country and encouraging innovation and efficiency in property operations – important components of our 2020 Vision that have led us to these two prestigious distinctions.”
This is not the first time Kimco’s sustainability initiatives have been recognized this year. The company was also named by Newsweek as a Top Green Company for 2016.
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2016, the company owned interests in 537 U.S. shopping centers comprising 86 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.
The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.