Kimco Realty Corporation (NYSE:KIM) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Conor Flynn - Chief Executive Officer Ross Cooper - President, Chief Investment Officer Glenn Cohen - Chief Financial Officer Dave Jamieson - Chief Operating Officer Kathleen Thayer - Senior Vice President, Corporate Accounting and Assistant Treasurer David Bujnicki - Senior Vice President of Investor Relations and Strategy Conference Call Participants Samir Khanal - Evercore ISI Jeff Spector - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10899 (Kimco Realty Corporation) Commission File Number: 333-269102-01 (Kimco Realty OP, LLC) KIMCO REALTY CORPORATION KIMC ...

Investor Presentation First in Last Mile Retail First Quarter 2023 The District @ Tustin Legacy Tustin, CA Safe Harbor This communication contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-10899 (Kimco Realty Corporation) Commission file number: 333-269102-01 (Kimco Realty OP, LLC) Kimco Realty Corporation KIM ...

Kimco Realty Corporation (NYSE:KIM) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET Company Participants David Bujnicki - SVP, IR and Strategy Conor Flynn - CEO Ross Cooper - President and CIO Glenn Cohen - CFO David Jamieson - COO Carmen Decker - President Conference Call Participants Michael Goldsmith - UBS Craig Mailman - Citi Floris van Dijkum - Compass Point Juan Sanabria - BMO Capital Markets Alexander Goldfarb - Piper Sandler Samir Khanal - Evercore Haendel St. Juste - Mizuho Anthony Powel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 1-10899 (Kimco Realty Corporation) Commission file number 333-269102-01 (Kimco Realty OP, LLC) KIMCO REALTY CORPORATION KIMCO ...

Financial Data and Key Metrics - Overall occupancy increased by 40 basis points to 95.7%, recovering nearly 90% of COVID-related inventory [8] - Anchor occupancy rose by 20 basis points sequentially and 90 basis points year-over-year to 98% [8] - Small shop occupancy increased by 80 basis points sequentially and 230 basis points year-over-year to 90% [8] - Leased over 11.5 million square feet in 2022, the highest level on record [8] - FFO for Q4 2022 was $234.9 million or $0.38 per diluted share, compared to $240.1 million or $0.39 per diluted share in Q4 2021 [23] - Same-site NOI growth was 1.9% for Q4 2022, bringing full-year 2022 same-site NOI growth to 4.4% [24] - Monetized 11.5 million shares of Albertsons stock, receiving proceeds of $301 million, with a capital gain of $250 million [25] Business Line Data and Key Metrics - Mixed-use entitlement initiatives reached new highs, with 2,805 apartment units entitled in 2022, bringing total entitlements to 5,461 units [10] - Combined with 2,218 built units and 1,139 under construction, the total is 8,818 units, aiming for 12,000 by the end of 2025 [10] - Mixed-use assets now account for 13% of ABR [10] - Closed on a $375.8 million acquisition of eight open-air retail centers in Long Island, New York, with five grocery-anchored [16] - Structured investment program yielded a 76% IRR on a $22 million participating loan [17] Market Data and Key Metrics - The company's portfolio is concentrated in high-barrier-to-entry markets, with strong demographic profiles [18] - The transaction market is marked by uncertainty and inefficiency, with access to capital tightening and elevated borrowing costs [19] - The company has over $2.1 billion in liquidity, including cash on hand and a line of credit [20] Company Strategy and Industry Competition - The company's strategy focuses on owning and operating last-mile, open-air, grocery-anchored shopping centers and mixed-use assets [15] - The company is leveraging its scale, access to capital, and CapEx-light mixed-use redevelopment strategy to create long-term value [11] - The company is focused on controlling expenses, upgrading tenant credit quality, and attracting recurring customers in 2023 [12] - The company is well-positioned to take advantage of market dislocations and opportunities in 2023 [20] Management Commentary on Operating Environment and Future Outlook - Management is encouraged by the fundamental strength of the operating business, limited new supply, and robust retailer demand [12] - The company anticipates leasing velocity and retention rates to remain elevated but is cautious about potential credit defaults [12] - The company expects to continue monetizing its Albertsons stake and reinvesting proceeds into core business opportunities [14] - The company's 2023 FFO per share guidance range is $1.53 to $1.57, with same-site NOI growth of 1% to 2% [27] Other Important Information - The company has a strong liquidity position, with $150 million in cash and full availability from a $2 billion revolving credit facility [26] - The company's weighted average debt maturity profile is 9.5 years, with only $50 million of mortgage debt maturing in 2023 [26] - The company expects to generate free cash flow of around $150 million in 2023 after dividends, FX, TIs, and leasing commissions [71] Q&A Session Summary Question: Credit Loss Expectations [30] - The company widened its credit loss guidance range to 75-125 basis points due to increased bankruptcy risks in the market [31] Question: Monetization of Albertsons Shares [33] - The company plans to monetize $300 million of Albertsons shares, with the lockout period expiring at the end of May [34] - Proceeds will be reinvested into core business opportunities, including acquisitions, partnership buyouts, and structured investments [36] Question: Bed Bath & Beyond and Party City Impact [38] - The company has accounted for potential bankruptcies of Bed Bath & Beyond and Party City in its credit loss guidance [39] - Lease termination income in Q1 2023 is primarily related to a deal structure with Kohl's [40] Question: Small Shop Occupancy and Leasing Spreads [47] - Small shop occupancy reached 90%, with a lease economic spread of 340 basis points, representing $23 million in potential revenue [48] - The company aims to exceed its previous high watermark of 91.1% small shop occupancy [49] Question: Transaction Market and Cap Rates [58] - The company is seeing cap rates in the low sixes for quality open-air centers, with sellers still seeking low fives [59] - The company is patient and will only pursue deals that meet its hurdle rates [60] Question: Consumer Sales and Traffic Expectations [62] - Traffic in 2023 has been above 2022 levels, with strong consumer demand for grocery-anchored shopping centers [63] Question: Mixed-Use Entitlements and Ground Leases [64] - The company is using a CapEx-light strategy to activate mixed-use entitlements, with a focus on long-term value creation [66] - Ground leases provide flexibility to activate projects without significant capital risk [67] Question: Free Cash Flow and Albertsons-Kroger Merger [70] - The company expects $150 million in free cash flow for 2023 after dividends and CapEx [71] - The company is monitoring the Albertsons-Kroger merger, which could be a net positive if it goes through [72] Question: Bed Bath & Beyond Rent Spreads [74] - Rent spreads on Bed Bath & Beyond locations range from 12% to 20%, depending on the vintage and location of the boxes [75] Question: Same-Site NOI Growth Target [81] - The company has been exceeding its 2.5% same-site NOI growth target, driven by strong lease spreads and portfolio transformation [82] Question: UPREIT Opportunities [85] - The company recently converted to an UPREIT structure and expects to use it selectively for accretive transactions [86] Question: CapEx per Square Foot [88] - CapEx per square foot varies widely depending on the type of tenant improvement or box conversion, but inflationary pressures have added to costs [90] Question: Net Investment Guidance [92] - The $100 million net investment guidance is a baseline, with potential for increased activity as market opportunities arise [93] Question: Private REITs and Opportunity Funds [95] - The company expects some assets to come to market as private REITs and opportunity funds seek liquidity, but the process is nuanced and varies by asset class [96] [97]

Kimco Realty Corporation (NYSE:KIM) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants David Bujnicki - Senior Vice President, Investor Relations and Strategy Conor Flynn - Chief Executive Officer Ross Cooper - President, Chief Investment Officer Glenn Cohen - Executive Vice President, Chief Financial Officer and Treasurer David Jamieson - Executive Vice President, Chief Operating Officer Conference Call Participants Michael Goldsmith - UBS Samir Khanal - Evercore ISI Juan San ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10899 KIMCO REALTY CORPORATION (Exact name of registrant as specified in its charter) Maryland 13-2744380 (State or ot ...