Kimco's IPO Launches the Modern REIT Era

November 1991 Kimco Realty Corporation (NYSE: KIM) concludes the first successful equity REIT IPO in many years. This step marks the beginning of the modern REIT era and sets the stage for the resurgence of the REIT industry.

Visit Kimco's website.

Timeline

Timeline Year

1991

Brightcove Video

Kimco's IPO Launches the Modern REIT Era - Kimco Realty

Caption Text

Watch a video with Kimco Realty Chairman Milton Cooper, former NAREIT chair, discussing his company's growth over the years and changes in the shopping center business.

You Might Also Like...

What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.

Kimco's IPO Launches the Modern REIT Era

You Might Also Like...

What's a REIT?

Why Invest in REITs

About Nareit

Get Daily Real Estate News