Kimco Realty Corp (NYSE:KIM)
$ 19.35 0.14 (0.73%) Market Cap: 13.06 Bil Enterprise Value: 20.52 Bil PE Ratio: 36.57 PB Ratio: 1.23 GF Score: 81/100

Kimco Realty Corp at NAREIT REITweek: Investor Conference Transcript

Jun 06, 2023 / 03:00PM GMT
Release Date Price: $18.95 (+1.34%)
Conor C. Flynn
Kimco Realty Corporation - CEO & Director

(technical difficulty) when you look outside of our traditional retailer Rolodex, it's really interesting to see some net new demand sources. And what's happened in the last few years is you've seen medical and health and wellness and beauty become a bigger component of the merchandising mix in the shopping centers. But one thing that I found fascinating from the Vegas ICSC Show is the influx of mall retailers looking at open-air shopping centers. And you've heard inklings about their thinking about it or they're doing white papers internally to think what's their growth story going to look like.

Well, if you think about it, most of the high-quality mall tenants are already saturated the A mall environment. And where are they going to grow? Because, typically, in retail, you either grow or you die. And so what's happened is a lot of these mall retailers are now looking at their consumer and there's more data than ever before on their consumer base about where they shop regularly, not just for the mall trip.

And what they've

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