Kimco
Realty Corporation (NYSE:KIM) has been awarded NAREIT’s
2013
Retail Leader in the Light Award, a preeminent achievement for
leading real estate companies. The annual award recognizes
portfolio-wide sustainability and excellence in energy efficiency. As
the designated retail award recipient, Kimco was recognized alongside
leading owners from the industrial, office, residential and other key
real estate sectors.
“This award is an exciting milestone for Kimco and we are honored to be
recognized as an industry leader for our commitment to corporate
responsibility,” said Will Teichman, Director of Sustainability for
Kimco. “Kimco is dedicated to building a thriving and sustainable
business—one that succeeds by delivering long-term value for tenants,
investors, employees and communities alike.”
Each year since the launch of its Corporate
Responsibility Program in 2010, Kimco has increased its relative
standing in scoring published by both the Carbon
Disclosure Project (CDP) and Global
Real Estate Sustainability Benchmark (GRESB). In the most recent
2013 reporting cycle, Kimco increased its CDP disclosure score by 73%
from 48 to 83. In addition, the company increased its overall GRESB
score by 144%, advancing from 16 to 39.
Kimco’s corporate responsibility efforts include the implementation of a
utility management initiative to monitor resource use and reduce
expenses at individual centers; pioneering landlord-installed solar
panels at shopping centers to decrease tenant energy costs; developing a
lighting control system that reduces parking lot electric consumption by
up to 25%; deploying a national tenant waste management program and
partnering with the International Council of Shopping Centers to develop
a first-of-its-kind Property Efficiency Scorecard.
Kimco continues to build its corporate responsibility program and to
improve annual reporting on program progress. By 2014, the company
anticipates it will release its first comprehensive corporate
responsibility report—leveraging the Global Reporting Initiative
standard and providing additional insights into the company’s program.
About Kimco
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, N.Y., that owns and operates North
America’s largest portfolio of neighborhood and community shopping
centers. As of September 30, 2013, the company owned interests in 855
shopping centers comprising 125 million square feet of leasable space
across 42 states, Puerto Rico, Canada, Mexico, and South America.
Publicly traded on the NYSE since 1991, and included in the S&P 500
Index, the company has specialized in shopping center acquisitions,
development and management for more than 50 years. For further
information, please visit http://www.kimcorealty.com,
the company’s blog at blog.kimcorealty.com,
or follow Kimco on Twitter at http://www.twitter.com/kimcorealty.
Safe Harbor Statement
The statements in this news release state the company's and management's
intentions, beliefs, expectations or projections of the future and are
forward-looking statements. It is important to note that the company's
actual results could differ materially from those projected in such
forward-looking statements. Factors which may cause actual results to
differ materially from current expectations include, but are not limited
to (i) general adverse economic and local real estate conditions, (ii)
the inability of major tenants to continue paying their rent obligations
due to bankruptcy, insolvency or a general downturn in their business,
(iii) financing risks, such as the inability to obtain equity, debt or
other sources of financing or refinancing on favorable terms to the
company, (iv) the company’s ability to raise capital by selling its
assets, (v) changes in governmental laws and regulations, (vi) the level
and volatility of interest rates and foreign currency exchange rates,
(vii) risks related to our international operations, (viii) the
availability of suitable acquisition and disposition opportunities, and
risks related to acquisitions not performing in accordance with our
expectations, (ix) valuation and risks related to our joint venture and
preferred equity investments, (x) valuation of marketable securities and
other investments, (xi) increases in operating costs, (xii) changes in
the dividend policy for the company’s common stock, (xiii) the reduction
in the company’s income in the event of multiple lease terminations by
tenants or a failure by multiple tenants to occupy their premises in a
shopping center, (xiv) impairment charges and (xv) unanticipated changes
in the company’s intention or ability to prepay certain debt prior to
maturity and/or hold certain securities until maturity. Additional
information concerning factors that could cause actual results to differ
materially from those forward-looking statements is contained from time
to time in the company's Securities and Exchange Commission (SEC)
filings, including but not limited to the company's Annual Report on
Form 10-K for the year ended December 31, 2012. Copies of each filing
may be obtained from the company or the SEC.
The company refers you to the documents filed by the company from time
to time with the SEC, specifically the section titled "Risk Factors" in
the company's Annual Report on Form 10-K for the year ended December 31,
2012, as may be updated or supplemented in the company’s Quarterly
Reports on Form 10-Q and the company’s other filings with the SEC, which
discuss these and other factors that could adversely affect the
company's results.
Copyright Business Wire 2013