Kimco Realty Management

Management criteria checks 3/4

Kimco Realty's CEO is Conor Flynn, appointed in Jan 2016, has a tenure of 8.83 years. total yearly compensation is $13.95M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth €33.59M. The average tenure of the management team and the board of directors is 9.2 years and 12.7 years respectively.

Key information

Conor Flynn

Chief executive officer

US$14.0m

Total compensation

CEO salary percentage	7.2%
CEO tenure	8.8yrs
CEO ownership	0.2%
Management average tenure	9.2yrs
Board average tenure	12.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Conor Flynn's remuneration changed compared to Kimco Realty's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$354m
Jun 30 2024	n/a	n/a	US$338m
Mar 31 2024	n/a	n/a	US$327m
Dec 31 2023	US$14m	US$1m	US$629m
Sep 30 2023	n/a	n/a	US$437m
Jun 30 2023	n/a	n/a	US$376m
Mar 31 2023	n/a	n/a	US$151m
Dec 31 2022	US$12m	US$1m	US$99m
Sep 30 2022	n/a	n/a	US$233m
Jun 30 2022	n/a	n/a	US$679m
Mar 31 2022	n/a	n/a	US$914m
Dec 31 2021	US$10m	US$1m	US$816m
Sep 30 2021	n/a	n/a	US$934m
Jun 30 2021	n/a	n/a	US$392m
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$8m	US$1m	US$971m
Sep 30 2020	n/a	n/a	US$867m
Jun 30 2020	n/a	n/a	US$970m
Mar 31 2020	n/a	n/a	US$319m
Dec 31 2019	US$7m	US$1m	US$337m
Sep 30 2019	n/a	n/a	US$315m
Jun 30 2019	n/a	n/a	US$338m
Mar 31 2019	n/a	n/a	US$402m
Dec 31 2018	US$6m	US$1m	US$430m
Sep 30 2018	n/a	n/a	US$433m
Jun 30 2018	n/a	n/a	US$453m
Mar 31 2018	n/a	n/a	US$435m
Dec 31 2017	US$6m	US$1m	US$370m

Compensation vs Market: Conor's total compensation ($USD13.95M) is above average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Conor's compensation has been consistent with company performance over the past year.

CEO

Conor Flynn (43 yo)

8.8yrs

Tenure

US$13,951,194

Compensation

Mr. Conor C. Flynn has been the Chief Executive Officer at Kimco Realty Corporation since January 01, 2016 and served as its President from August 05, 2014 to February 27, 2017. Mr. Flynn joined the firm a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Milton Cooper	Co-Founder & Executive Chairman	33yrs	US$4.96m	2.21% € 364.1m
Conor Flynn	CEO & Director	8.8yrs	US$13.95m	0.20% € 33.6m
Ross Cooper	President & Chief Investment Officer	9.5yrs	US$5.90m	0.089% € 14.6m
Glenn Cohen	Executive VP & CFO	14.4yrs	US$4.84m	0.096% € 15.8m
David Jamieson	Executive VP & COO	7.8yrs	US$5.83m	0.050% € 8.2m
Paul Westbrook	VP & Chief Accounting Officer	12.8yrs	no data	0.013% € 2.1m
Kenneth Fisher	VP & CTO	no data	no data	no data
Thomas Taddeo	Executive VP & Chief Information Officer	no data	no data	no data
David Bujnicki	Senior Vice President of Investor Relations & Strategy	no data	no data	no data
Bruce Rubenstein	Executive VP	8.8yrs	no data	no data
Jennifer Maisch	VP of Marketing & Corporate Communications	no data	no data	no data
Leah Landro	Executive VP & CHRO	no data	no data	no data

9.2yrs

Average Tenure

47.5yo

Average Age

Experienced Management: KIC's management team is seasoned and experienced (9.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Milton Cooper	Co-Founder & Executive Chairman	33yrs	US$4.96m	2.21% € 364.1m
Conor Flynn	CEO & Director	8.8yrs	US$13.95m	0.20% € 33.6m
Philip Coviello	Independent Non-Management Director	16.5yrs	US$296.09k	0.031% € 5.2m
Frank Lourenso	Independent Non-Management Director	32.9yrs	US$283.59k	0.033% € 5.5m
Richard Saltzman	Independent Non-Management Director	21.3yrs	US$271.09k	0.016% € 2.7m
Henry T. Moniz	Independent Director	3.8yrs	US$271.09k	0.0051% € 837.8k
Mary Preusse	Lead Independent Non-Management Director	7.8yrs	US$340.09k	0.0094% € 1.6m
Valerie Richardson	Independent Non-Management Director	6.4yrs	US$283.59k	0.0095% € 1.6m

12.7yrs

Average Tenure

66yo

Average Age

Experienced Board: KIC's board of directors are seasoned and experienced ( 12.7 years average tenure).

Kimco Realty Management

Management criteria checks 3/4

Key information

Recent management updates

Executive VP & COO recently sold €1.0m worth of stock

Kimco Realty Corporation, Annual General Meeting, May 07, 2024

Insufficient new directors

Insufficient new directors

Executive VP recently sold €238k worth of stock

Insufficient new directors

Recent updates

Third quarter dividend of US$0.25 announced

Kimco Realty Corporation Raises Earnings Guidance for the Full Year 2024

Third quarter 2024 earnings released: EPS: US$0.19 (vs US$0.18 in 3Q 2023)

Kimco Realty Corporation (NYSE:KIM) acquired Waterford Lakes Town Center, LLC for approximately $320 million.

Kimco Realty Corporation to Report Q3, 2024 Results on Oct 31, 2024

Upcoming dividend of US$0.24 per share

Executive VP & COO recently sold €1.0m worth of stock

Second quarter dividend of US$0.24 announced

Second quarter 2024 earnings released: EPS: US$0.17 (vs US$0.16 in 2Q 2023)

Kimco Realty Corporation Raises Earnings Guidance for the Full Year 2024

Kimco Realty Corporation to Report Q2, 2024 Results on Aug 01, 2024

Upcoming dividend of US$0.24 per share

First quarter dividend of US$0.24 announced

Kimco Realty Corporation Declares Quarterly Cash Dividend on Common Shares, Payable on June 20, 2024

First quarter 2024 earnings released: US$0.028 loss per share (vs US$0.46 profit in 1Q 2023)

Kimco Realty Corporation, Annual General Meeting, May 07, 2024

Kimco Realty Corporation to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of US$0.24 per share

Fourth quarter dividend of US$0.24 announced

Full year 2023 earnings released: EPS: US$1.02 (vs US$0.16 in FY 2022)

Kimco Realty Corporation Declares Quarterly Cash Dividend, Payable on March 21, 2024

Kimco Realty Corporation (NYSE:KIM) completed the acquisition of RPT Realty (NYSE:RPT) from a group of shareholders.

Brixton Capital, LP acquired Monterey Plaza from a joint venture between Kimco Realty Corporation (NYSE:KIM) and Prudential Global Investment Management.

Kimco Realty Corporation to Report Q4, 2023 Results on Feb 08, 2024

Upcoming dividend of US$0.33 per share at 5.1% yield

Kimco Realty® Declares Special Cash Dividend of Common Stock, Payable on December 21, 2023

Kimco Realty Corporation Revises Earning Guidance for the Full Year 2023

Now 21% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: US$0.18 (vs US$0.083 in 3Q 2022)

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Kimco Realty Corporation to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.23 per share at 4.9% yield

Kimco Realty Corporation (NYSE:KIM) entered into a definitive merger agreement to acquire RPT Realty (NYSE:RPT) for $1 billion.

Kimco Realty Corporation (NYSE:KIM) acquired Stonebridge at Potomac Town Center in Woodbridgefor approximately $170 million.

Kimco Realty Corporation Revises Earning Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.16 (vs US$0.20 loss in 2Q 2022)

Kimco Realty Corporation to Report Q2, 2023 Results on Jul 27, 2023

Now 21% undervalued

Upcoming dividend of US$0.23 per share at 5.1% yield

First quarter 2023 earnings released: EPS: US$0.46 (vs US$0.37 in 1Q 2022)

Now 22% undervalued after recent price drop

Insufficient new directors

Kimco Realty Corporation Provides Earning Guidance for the Full Year 2023

Kimco Realty Corporation Announces Holding Company Reorganization

Kimco Realty Corporation to Report Q4, 2022 Results on Feb 09, 2023

Upcoming dividend of US$0.23 per share

Insufficient new directors

Kimco Realty Corporation (NYSE:KIM) acquired a multi-generationally-owned portfolio of eight Long Island, New York shopping centers for approximately $380 million.

Third quarter 2022 earnings released: FFO per share: US$0.4 (vs US$0.38 in 3Q 2021)

Kimco Realty Corporation Raises Earnings Guidance for the Full-Year of 2022

Upcoming dividend of US$0.22 per share

Kimco Realty Corporation to Report Q3, 2022 Results on Oct 27, 2022

Second quarter 2022 earnings released: US$0.20 loss per share (vs US$0.25 profit in 2Q 2021)

Kimco Realty Corporation (NYSE:KIM) acquired an additional 3.58% ownership interest in Kimco Income REIT for $55.1 million.

Kimco Realty Corporation to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.20 per share

Executive VP recently sold €238k worth of stock

First quarter 2022 earnings released: FFO: US$427.2m per share (vs US$0.34 in 1Q 2021)

Insufficient new directors

Upcoming dividend of US$0.19 per share

Independent Non-Management Director recently sold €169k worth of stock

Kimco Realty Announces Senior Leadership Appointments

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Kimco Realty Corporation (NYSE:KIM) acquired the remaining 10% stake in Centro Arlington for $26 million.

Kimco Realty Corporation Declares Quarterly Cash Dividend, Payable on March 24, 2022

Insufficient new directors

Upcoming dividend of US$0.17 per share

Third quarter 2021 earnings released: FFO US$0.38 per share (vs US$0.25 in 3Q 2020)