Kimco Realty is a self-administered REIT that owns and operates high-quality, open-air shopping centers and mixed-use properties across the United States, with a portfolio concentrated in necessity-based, grocery-anchored centers in high-barrier-to-entry first-ring suburbs across major Sun Belt and coastal metropolitan markets. The company generates revenue primarily through base rental payments from tenants, supplemented by management fees and acquisition fees from institutional joint venture programs, preferred equity investments, and real estate financing services, with revenue diversified across hundreds of properties such that no single tenant represents more than a low single-digit percentage of revenues. As a self-administered REIT with over six decades of operating history, Kimco maintains investment-grade debt ratings and pursues disciplined capital allocation focused on accretive acquisitions, redevelopments, and mixed-use development to enhance its portfolio.