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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.