Kimco updates on Q2 activity

The transformation and simplification of the portfolio at Kimco (KIM) continued in Q2 with the sale of interests in 15 U.S. properties totaling 1.7M square feet for $121.5M. Another 50 contracts are currently under contract to be sold for a total of about $363.9M. Four Mexican retail properties and three Mexican shopping centers were also sold.

Kimco purchased 36 "high-quality" shopping centers totaling about 3M square feet for a total purchase price of $678M, including $158.7M of mortgage debt.

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