Kimco Realty Corp. (KIM) said Wednesday that it completed dispositions of 15 shopping centers for $215.4 million, including the repayment of $83.7 million of mortgage debt, in the first quarter.
The company sold 13 non-strategic properties totaling about 1.2 million square feet for $95.9 million, including repayment of $1.3 million of mortgage debt.
Kimco sold a joint-venture property located in Schaumberg, Ill, in which it had a 45 percent stake, for $118 million , including the repayment of $82.5 million or mortgage debt.
The company also sold another joint-venture property, in which it had a 50 percent interest, for $1.6 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.