Kimco Earns Top Ranking Among Shopping Center Peers; Receives GRESB Green Star and Green Lease Leader Designations
September 11 2018 - 4:05PM
Business Wire
Kimco Realty Corp. (NYSE:KIM) announced today that it has been
recognized by two leading organizations for its outstanding
commitment to sustainability and transparency.
The Global Real Estate Sustainability Benchmark (GRESB) has
issued its annual Real Estate Assessment Score, evaluating
companies in the areas of sustainability program implementation,
measurement, management, and policies. For the fifth consecutive
year, Kimco’s performance has earned it the “Green Star”
designation. Kimco remains the top-ranked North American company
among a peer group of open-air retail property owners. For the
first time, the company achieved perfect scores in the categories
of “Management” and “Policy & Disclosure.”
GRESB has also issued its second annual Public Disclosure Score,
assessing the quality and transparency of a company’s
environmental, social, and corporate governance (ESG) practices.
Kimco has once again achieved an “A” rating, capturing all
available points and exceeding its average peer rating of a
“B.”
In addition to Kimco’s GRESB recognition, the company was
recently named a Green Lease Leader at the highest “Gold” level by
the Institute for Market Transformation (IMT) and the U.S.
Department of Energy’s (DOE) Better Buildings Alliance. Green Lease
Leaders are companies and real estate practitioners who break down
barriers to high-performance buildings by incorporating energy
efficiency and sustainability criteria into their leases.
“At Kimco we are responsible for nearly 80 million square feet
of retail,” said Conor Flynn, CEO of Kimco. “We have a significant
responsibility to help shape the future of sustainability in retail
real estate, as our assets serve as community gathering spaces,
main streets, grocery stores, entertainment hubs, and mixed-use
destinations across the country. Our GRESB scores and Green Lease
Leader designation are a direct reflection of the important
contributions made across Kimco’s organization by all our
associates. As a next-generation REIT, we are committed to making
our sustainability efforts a focal point of our strategy.”
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in New Hyde Park, N.Y., that is one of North
America’s largest publicly traded owners and operators of open-air
shopping centers. As of June 30, 2018, the company owned interests
in 460 U.S. shopping centers comprising 79 million square feet of
leasable space primarily concentrated in the top major metropolitan
markets. Publicly traded on the NYSE since 1991, and included in
the S&P 500 Index, the company has specialized in shopping
center acquisitions, development and management for 60 years. For
further information, please visit www.kimcorealty.com, the
company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter
at www.twitter.com/kimcorealty.
The company announces material information to its investors
using the company’s investor relations website
(investors.kimcorealty.com), SEC filings, press releases, public
conference calls, and webcasts. The company also uses social media
to communicate with its investors and the public, and the
information the company posts on social media may be deemed
material information. Therefore, the company encourages investors,
the media, and others interested in the company to review the
information that it posts on the company’s blog
(blog.kimcorealty.com) and social media channels, including
Facebook (www.facebook.com/kimcorealty), Twitter
(www.twitter.com/kimcorealty), YouTube
(www.youtube.com/kimcorealty) and LinkedIn
(www.linkedin.com/company/kimco-realty-corporation). The list of
social media channels that the company uses may be updated on its
investor relations website from time to time.
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version on businesswire.com: https://www.businesswire.com/news/home/20180911005725/en/
Kimco Realty Corp.Jennifer MaischDirector, Corporate
Communications516-869-7224jmaisch@kimcorealty.com
Kimco Realty (NYSE:KIM)
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