Kimco updates on Q2 activity

|About: Kimco Realty Corporation (KIM)|By:, SA News Editor

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.