Kimco Realty Corp. reported strong demand from retail tenants in its shopping center portfolio in a third quarter 2019 earnings call, despite a seemingly waning retail sector. Conor C. Flynn, the real estate investment trust's CEO, said that pro-rata occupancy for the third quarter hit a new, all-time high of 96.4% for the company, and anchor occupancy was even higher at 98.7%.
Kimco Realty Reaches All-Time Occupancy High of 96.4%
Off-Price Retailers Helping Shopping Center REIT to Backfill Beleaguered Box Store Space
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- I
1730 Bearing St, Dania Beach, FL
- Companies
- Contacts
- Glenn Cohen
Exec. VP, Chief Financial Officer & Treasurer, Kimco Realty Corporation
- Conor Flynn
Chief Executive Officer, Kimco Realty Corporation