Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Kimco Realty Corp. (KIM): A REIT Like No Other

|Includes: Kimco Realty Corporation (KIM)

When it comes to commercial real estate investments, Kimco is in its own league. Kimco is a REIT (Real Estate Investment Trust), headquartered in New Hyde Park, NY. If you're unfamiliar with the concept, a REIT, at least an equity REIT, is to real estate roughly what a mutual fund is to stocks. It allows you to invest in a company that owns, partly or wholly, many real estate properties. In addition, REITs are able to avoid paying corporate tax by distributing all of their taxable income back to their investors. Real estate itself offers an attractive alternative to common stock, bond, and mutual fund investing, and can provide portfolio diversification. REITs, if chosen carefully, can add to that diversification, but this often requires investing in multiple REITs to get a good geographical and property spread.

Kimco, however, is unique in its sheer size, offering a huge geographical spread. The company owns and operates North America's biggest portfolio of neighborhood and community shopping centers, totaling approximately 946 centers in 44 states, Puerto Rico, Canada, and Mexico, as well as South America. Moreover, they are always in the market for additional properties, targeting major metropolitan communities all over the U.S., as long as they meet their requirements:

• Markets where Kimco has a strong presence
• Anchored by the dominant grocer in established markets
• Institutional grade assets with long-term leases to market leaders
• Minimum of 75,000 square feet (no maximum size requirement)
• Opportunistic properties with re-development and re-tenanting potential

Kimco has been around for over 50 years. The company knows exactly what they want, and has the financial position to expedite closings. They are a cash buyer, with the ability to assume existing debt. In a real estate market just now coming out of rough times, Kimco is one of the most stable players around, with steadily growing revenue.

For more information, visit the company website at

Please see disclaimer on the MissionIR website