ADDED
As of February 10, 2026, Kimco Realty Corporation had 674,066,654 shares of common stock outstanding.
KIMCO REALTY CORPORATION KIMCO REALTY OP, LLC ANNUAL REPORT ON FORM 10-K FISCAL YEAR ENDED DECEMBER 31, 2025 EXPLANATORY NOTE This report combines the Annual Reports on Form 10-K for the year ended December 31, 2025, of Kimco Realty Corporation (the "Parent Company") and Kimco Realty OP, LLC ("Kimco OP").
Unless stated otherwise or the context requires, references to "Kimco Realty Corporation" or the "Parent Company" mean Kimco Realty Corporation and its subsidiaries, and references to "Kimco Realty OP, LLC" or "Kimco OP" mean Kimco Realty OP, LLC and its subsidiaries.
The terms the "Company", "we", "our" or "us" refer to the Parent Company and its business and operations conducted through its directly or indirectly owned subsidiaries, including Kimco OP; and in statements regarding qualification as a Real Estate Investment Trust ("REIT") for U.S.
federal income tax purposes, such terms refer solely to the Parent Company.
References to "shares" and "shareholders" refer to the shares and shareholders of the Parent Company and not the limited liability company interest of Kimco OP.
The Parent Company is a REIT and is the managing member of Kimco OP.
As of December 31, 2025, the Parent Company owned 99.79% of the outstanding limited liability company interests (the "OP Units") in Kimco OP.
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 7A.
The executive officers are engaged in the day-to-day management and operation of real estate exclusively with the Company, with nearly all operating functions, including leasing, asset management, maintenance, construction, legal, finance and accounting, administered by the Company.
REMOVED
As of February 10, 2025, Kimco Realty Corporation had 679,482,034 shares of common stock outstanding.
KIMCO REALTY CORPORATION KIMCO REALTY OP, LLC ANNUAL REPORT ON FORM 10-K FISCAL YEAR ENDED DECEMBER 31, 2024 EXPLANATORY NOTE Prior to January 1, 2023, the business of Kimco Realty Corporation (the Company ) was conducted through a predecessor entity also known as Kimco Realty Corporation (the Predecessor ).
On December 14, 2022, the Predecessor s Board of Directors approved the entry into an Agreement and Plan of Merger (the UPREIT Merger ) with the company formerly known as New KRC Corp., which was a Maryland corporation and wholly owned subsidiary of the Predecessor (the Parent Company ), and KRC Merger Sub Corp., which was a Maryland corporation and wholly owned subsidiary of the Parent Company ( Merger Sub ), to effect the reorganization (the Reorganization ) of the Predecessor s business into an umbrella partnership real estate investment trust, or UPREIT .
On January 1, 2023, pursuant to the UPREIT Merger, Merger Sub merged with and into the Predecessor, with the Predecessor continuing as the surviving entity and a wholly-owned subsidiary of the Parent Company, and each outstanding share of capital stock of the Predecessor was converted into one equivalent share of capital stock of the Parent Company (each share of which has continued to trade under their respective existing ticker symbol with the same rights, powers and limitations that existed immediately prior to the Reorganization).
In connection with the Reorganization, the Parent Company changed its name to Kimco Realty Corporation, and replaced the Predecessor as the New York Stock Exchange-listed public company.
Effective as of January 3, 2023, the Predecessor converted into a limited liability company, organized in the State of Delaware, known as Kimco Realty OP, LLC, the entity we refer to herein as Kimco OP .
In addition, the officers and directors of the Company were the same as the officers and directors of the Predecessor immediately prior to the Reorganization.
The Parent Company is a real estate investment trust ("REIT") and is the managing member of Kimco OP.
As of December 31, 2024, the Parent Company owned 99.84% of the outstanding limited liability company interests (the "OP Units") in Kimco OP.
This report combines the Annual Reports on Form 10-K for the year ended December 31, 2024, of the Parent Company and Kimco OP into this single report.