Kimco Realty ® Announces Board Leadership Transition

“ Milton Cooper to Transition to Chairman Emeritus “

“ Richard Saltzman to Become Independent (LON:) Chairman of the Board “

“ Nancy Lashine and Ross Cooper Join the Board of Directors “

JERICHO, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Kimco Realty Corporation (NYSE: NYSE:) (the Company) has announced the pursuing changes to the Company's Board of Directors:

After much than 60 years of leadership, Mr. Milton Cooper volition discontinue arsenic Executive Chairman of the Company and Kimco Realty OP, LLC (Kimco OP) astatine the 2025 Annual Meeting of Stockholders. Upon Mr. Cooper's status arsenic Executive Chairman of the Company and Kimco OP, Richard Saltzman volition go the Independent Chairman of the Board of Directors, Mary Hogan Preusse volition reason her work arsenic Lead Independent Director portion remaining a subordinate of the Board, and Milton Cooper volition presume the rubric of Chairman Emeritus.

In addition, effectual January 21, 2025, the Board has appointed Nancy Lashine and Ross Cooper to the Company's Board of Directors, with Ms. Lashine to service connected the Audit and Executive Compensation Committees of the Board.

Milton Cooper volition ever beryllium synonymous with Kimco and its culture. As the Company's founder, longtime CEO and existent Executive Chairman, Milton has been an integral portion of Kimco's maturation and occurrence for much than six decades,  said Conor Flynn, Chief Executive Officer. The Board and I are everlastingly grateful for Milton's leadership, mentorship and friendship. As we determination forward, helium volition proceed to animate and situation america to excel. We are delighted that Milton volition proceed successful the caller relation arsenic Chairman Emeritus and volition service arsenic a invaluable advisor to the Kimco board.

Milton Cooper added: I americium truthful arrogant of each that the Company has accomplished since Marty Kimmel and I shook hands successful 1960. The cardinal to occurrence is to bask what you bash and helping Kimco go an manufacture person has been genuinely rewarding, some personally and professionally. I americium genuinely blessed. I americium adjacent much arrogant and excited for what the aboriginal holds for Kimco. The absorption squad we person successful place, led by Conor, and the refreshed Board, to beryllium led by Richard, are genuinely champion successful class, and they are energized, committed, and determined to instrumentality Kimco to caller heights. I can't hold for this adjacent section to unfold and to assistance successful immoderate mode I can.

Milton Cooper
In 1960, Mr. Cooper and his spouse Marty Kimmel founded the Company's predecessor. In 1991, Mr. Cooper led the Company done its archetypal nationalist offering, which was the archetypal palmy equity existent property concern spot (REIT) IPO of its clip and often referred to arsenic the opening of the modern REIT era.

With implicit six decades of enactment experience, Milton Cooper was a manager and President of the Company anterior to 1991, past served arsenic Chief Executive Officer and Chairman of the Board from 1991 to 2009. Mr. Cooper has received aggregate accolades implicit his career, including a National Association of Investment Trusts (NAREIT) Industry Leadership Award for his important and lasting contributions to the REIT industry.

Richard Saltzman
Richard Saltzman has served arsenic a manager of the Company since 2003 and presently serves arsenic Chair of the Audit Committee. In summation to Kimco, helium besides serves connected the committee of directors of Equiem Holdings Pty. Ltd. and arsenic a Senior Advisor astatine Peaceable Street Capital. Mr. Saltzman antecedently served arsenic Chief Executive Officer and President of Colony Capital (NYSE:). Prior to joining Colony Capital, Mr. Saltzman was a Vice Chairman and the Global Head of Real Estate astatine Merrill Lynch's concern banking division.

It is simply a privilege to presume the relation of Chairman of the Board. The Board and I are thankful for Milton's enactment implicit the years, said Mr. Saltzman. I look guardant to continuing to enactment intimately with my chap directors and the absorption squad connected positioning the concern for continued occurrence and enhanced worth creation.

On behalf of my chap directors, I privation to explicit my heavy appreciation to Mary for her dedication arsenic Lead Independent Director of Kimco implicit the past 5 years, said Milton Cooper, Executive Chairman. We are grateful for her continued work arsenic a manager of the Company.

Nancy Lashine and Ross Cooper
Nancy Lashine is the managing spouse and laminitis of Park Madison Partners. Ms. Lashine antecedently served arsenic a Board subordinate of Boston-based developer and existent property concern absorption steadfast The Davis Companies. She graduated cum laude with a BFA from Case Western Reserve University and an MBA from Columbia Business School.

Ross Cooper has served arsenic the Company's President and Chief Investment serviceman since 2017. He has been with the Company since 2006 wherever helium has served successful assorted different enactment roles including Senior Vice President and Vice President of Acquisitions, Dispositions and Asset Management for the Southern Region. He holds a B.S. from the University of Michigan and a Master's successful Real Estate from New York University.

We are besides excited to invited Nancy Lashine and Ross Cooper to Kimco's Board of Directors, said Conor Flynn, Chief Executive Officer. Their extended acquisition and heavy knowing of the existent property manufacture volition bring invaluable insights and perspectives, importantly contributing to the ongoing occurrence of the Company.

About Kimco Realty ®

Kimco Realty ® (NYSE: KIM) is simply a existent property concern spot (REIT) and starring proprietor and relation of high-quality, open-air, grocery-anchored buying centers and mixed-use properties successful the United States. The Company's portfolio is strategically concentrated successful the first-ring suburbs of the apical large metropolitan markets, including high- barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant premix is focused connected essential, necessity-based goods and services that thrust aggregate buying trips per week. Publicly traded connected the NYSE since 1991 and included successful the , the Company has specialized successful buying halfway ownership, management, acquisitions, and value-enhancing redevelopment activities for much than 60 years. With a proven committedness to firm responsibility, Kimco Realty is simply a recognized manufacture person successful this area. As of December 31, 2024, the Company owned interests successful 568 U.S. buying centers and mixed-use assets comprising 101 cardinal quadrate feet of gross leasable space. The Company announces worldly accusation to its investors utilizing the Company's capitalist relations website (investors.kimcorealty.com), SEC filings, property releases, nationalist league calls, and webcasts. The Company besides uses societal media to pass with its investors and the public, and the accusation the Company posts connected societal media whitethorn beryllium deemed worldly information. Therefore, the Company encourages investors, the media, and others funny successful the Company to reappraisal the accusation that it posts connected the societal media channels, including Facebook (NASDAQ:) (www.facebook.com/kimcorealty), Twitter (www.twitter.com/kimcorealty) and LinkedIn (www.linkedin.com/Company/kimco-realty-corporation). The database of societal media channels that the Company uses whitethorn beryllium updated connected its capitalist relations website from clip to time.

Safe Harbor Statement

This property merchandise contains definite forward-looking statements wrong the meaning of Section 27A of the Securities Act of 1933, arsenic amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, arsenic amended (the Exchange Act). Forward-looking statements, which are based connected definite assumptions and picture the Company's aboriginal plans, strategies and expectations, are mostly identifiable by usage of the words believe, expect, intend, commit, anticipate, estimate, project, will, target, plan, forecast oregon akin expressions. You should not trust connected forward-looking statements since they impact known and chartless risks, uncertainties and different factors which, successful immoderate cases, are beyond the Company's power and could materially impact existent results, performances oregon achievements. Factors which whitethorn origin existent results to disagree materially from existent expectations include, but are not constricted to, (i) wide adverse economical and section existent property conditions, (ii) the interaction of competition, including the availability of acquisition oregon improvement opportunities and the costs associated with purchasing and maintaining assets, (iii) the inability of large tenants to proceed paying their rent obligations owed to bankruptcy, insolvency oregon a wide downturn successful their business, (iv) the simplification successful the Company's income successful the lawsuit of aggregate lease terminations by tenants oregon a nonaccomplishment of aggregate tenants to inhabit their premises successful a buying center, (v) the imaginable interaction of e-commerce and different changes successful user buying practices, and changing trends successful the retail manufacture and perceptions by retailers oregon shoppers, including information and convenience, (vi) the availability of suitable acquisition, disposition, improvement and redevelopment opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing successful accordance with our expectations, (vii) the Company's quality to rise superior by selling its assets, (viii) disruptions and increases successful operating costs owed to ostentation and proviso concatenation disruptions, (ix) risks associated with the improvement of mixed-use commercialized properties, including risks associated with the development, and ownership of non-retail existent estate, (x) changes successful governmental laws and regulations, including, but not constricted to, changes successful information privacy, biology (including clime change), information and wellness laws, and management's quality to estimation the interaction of specified changes, (xi) the Company's nonaccomplishment to recognize the expected benefits of the merger with RPT Realty (the NYSE: Merger), (xii) the hazard of litigation, including shareholder litigation, successful transportation with the RPT Merger, including immoderate resulting expense, (xiii) risks related to aboriginal opportunities and plans for the combined Company, including the uncertainty of expected aboriginal fiscal show and results of the combined Company, (xiv) the anticipation that, if the Company does not execute the perceived benefits of the RPT Merger arsenic rapidly oregon to the grade anticipated by fiscal analysts oregon investors, the marketplace terms of the Company's communal banal could decline, (xv) valuation and risks related to the Company's associated task and preferred equity investments and different investments, (xvi) collectability of owe and different financing receivables, (xvii) impairment charges, (xviii) transgression cybersecurity attacks, disruption, information nonaccomplishment oregon different information incidents and breaches, (xix) risks related to artificial intelligence, (xx) interaction of earthy disasters and upwind and climate-related events, (xxi) pandemics oregon different wellness crises, (xxii) our quality to attract, clasp and motivate cardinal personnel, (xxiii) financing risks, specified arsenic the inability to get equity, indebtedness oregon different sources of financing oregon refinancing connected favorable presumption to the Company, (xxiv) the level and volatility of involvement rates and management's quality to estimation the interaction thereof, (xxv) changes successful the dividend argumentation for the Company's communal and preferred banal and the Company's quality to wage dividends astatine existent levels, (xxvi) unanticipated changes successful the Company's volition oregon quality to prepay definite indebtedness anterior to maturity and/or clasp definite securities until maturity, (xxvii) the Company's quality to proceed to support its presumption arsenic a REIT for U.S. national income taxation purposes and imaginable risks and uncertainties successful transportation with its UPREIT structure, and (xxviii) different risks and uncertainties identified nether Item 1A, Risk Factors successful our Annual Report connected Form 10-K for the twelvemonth ended December 31, 2023. Accordingly, determination is nary assurance that the Company's expectations volition beryllium realized. The Company disclaims immoderate volition oregon work to update the forward-looking statements, whether arsenic a effect of caller information, aboriginal events oregon otherwise. You are advised to notation to immoderate further disclosures the Company makes successful different filings with the SEC.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy Kimco Realty Corporation
(833) 800-4343
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation