Kimco Realty® Recognized as Nareit’s 2023 Retail Leader in the Light for Outstanding Sustainability Practices

JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty^® (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, and a growing portfolio of mixed-use assets, today announced it has received Nareit’s 2023 Leader in the Light Recognition Award for Retail for the second consecutive year, marking the fourth time overall that the company has received this prestigious recognition for its sustainability initiatives.

The Leader in the Light awards are given to REITs that have demonstrated outstanding sustainability practices throughout the year, with winners selected by an interdisciplinary panel of judges.

"At Kimco, ESG principles are deeply ingrained in how we innovate solutions and plan for the future," said Kimco CEO Conor Flynn. "This recognition reflects our dedication to driving positive change and upholding the highest standards of corporate citizenship in everything we do. Being recognized once again for our ongoing commitment to leading on environmental, social, and governance issues is a true honor. The progress we've achieved motivates us to keep bettering our communities and delivering sustainable growth that positively impacts all our stakeholders, ultimately enhancing shareholder value."

Kimco continues to focus on its ESG goals, enhance partnerships with industry organizations, and expand opportunities for employee feedback and programming. In 2022, Kimco achieved two of its mid- and long-range ESG goals ahead of schedule and renewed its $2 billion credit facility, which includes sustainability-linked adjustments to align with the company’s Science-Based Target. To advance social responsibility initiatives, Kimco launched the Milton Cooper Trailblazer in Real Estate Award, expanded its partnership with Project Destined, and continued engagement with Management Leadership for Tomorrow. Kimco’s employee-led DEI Council also laid the groundwork for the launch of our Employee Resource Groups.

Kimco ranked #1 in its peer group in the 2023 GRESB Real Estate Assessment and received an “A” Public Disclosure Rating from GRESB, a leading ESG benchmark for real estate. Additionally, in recognition of its top-tier employee programs and inclusive and collaborative culture, Kimco was named as one of the 2023 Best Places to Work in Real Estate by Great Place to Work^®, in addition to receiving the Great Place to Work recognition for the sixth consecutive year. For additional highlights related to the company’s ESG initiatives and progress towards its publicly stated ESG goals, download Kimco’s 2022 Corporate Responsibility Report.

“The sustainable, socially responsible, and transparent steps that REITs have taken, combined with new initiatives underway, are impressive and vital to REITs and their investors,” said Nareit President & CEO Steven A. Wechsler. “We are proud of our industry’s continued commitment toward looking at business strategies through a sustainability lens and implementing practices to execute those strategies.”

About Kimco Realty^®

Kimco Realty^® (NYSE: KIM) is a real estate investment trust (REIT) headquartered in Jericho, NY that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. 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 60 years. As of September 30, 2023, the company owned interests in 527 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space. For further information, please visit www.kimcorealty.com.

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