• Full Allocation Achieved: Kimco Realty fully allocated $493.7 million from its inaugural green bond to sustainable projects.
• Significant Environmental Impact: Projects funded include renewable energy, green buildings, and energy efficiency, yielding substantial GHG emissions savings.
• Commitment to Sustainability: Kimco’s investments demonstrate a strong commitment to environmental stewardship and long-term community benefits.

Kimco Realty® (NYSE: KIM), a prominent REIT and leader in high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the U.S., has achieved a significant milestone with the full allocation of $493.7 million from its inaugural green bond issued in July 2020. This accomplishment underscores Kimco’s dedication to sustainable growth and robust financial management.

“We are incredibly proud to have achieved full allocation of our inaugural green bond – an achievement which demonstrates our commitment to sustainable growth and prudent financial management,” said Glenn G. Cohen, Kimco’s Executive Vice President and CFO. “By investing in projects such as green buildings, renewable energy, and sustainable water and energy projects, we are not only enhancing the value of our assets but also delivering long-term benefits to our investors and communities.“

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Sustainable Projects Funded:

• Renewable Energy: Kimco invested in a 988.8 kW solar project at Carmans Plaza in Massapequa, NY, expected to generate 1.2 GWh of renewable energy annually, saving approximately 678 metric tonnes of CO2 emissions each year.
• Green Buildings: Funds supported LEED Silver certified projects like The Milton and The Witmer® towers at Pentagon Centre in Arlington, VA, and the West Alex mixed-use building in Alexandria, VA, alongside 19 ENERGY STAR Certified tenant spaces.
• Energy Efficiency: At 129 properties, energy efficiency initiatives resulted in an estimated GHG reduction of 7,500 MTCO2e, demonstrating Kimco’s proactive approach to minimizing environmental impact.
• Sustainable Water Management: Water efficiency projects at 46 properties, including Dania Pointe in Dania Beach, FL, achieved an average water efficiency gain of over 35%, with stormwater systems designed to withstand extreme weather events.

This allocation aligns with Kimco’s long-term public goals and further solidifies its role as an industry leader in corporate responsibility and environmental sustainability. For more details on Kimco’s initiatives and publicly stated goals, refer to the company’s 2023 Corporate Responsibility Report.