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Kimco CEO: Revamped Portfolio Performing Well In Era of Retail Darwinism

Trend of High Anchor Occupancy Endures as Shopping Center REIT Beats 2019 Guidance
Kimco expects to complete  work on The Boulevard this year. The $213.5 million redevelopment of the former Hylan Plaza shopping center on Staten Island, New York is one of the REIT's signature redevelopment projects. (Kimco Realty Corp.)
Kimco expects to complete work on The Boulevard this year. The $213.5 million redevelopment of the former Hylan Plaza shopping center on Staten Island, New York is one of the REIT's signature redevelopment projects. (Kimco Realty Corp.)
By Sunny Chudgar
CoStar Research
February 14, 2020 | 10:37 P.M.

Kimco Realty Corp. CEO Conor Flynn told investors on the firm's fourth quarter earnings call the company's decision to overhaul its portfolio four years ago is paying off. As part of that multi-year strategy, Kimco shed numerous centers to focus on a tightly clustered portfolio in its top 20 markets, completed its exit from Canada and Mexico, and pursued mixed-use development at its major shopping centers.

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