SCHEDULE 13G: Cohen & Steers Discloses 5.05% Passive Stake in Kimco Realty Corporation

Investment manager Cohen & Steers, Inc. has filed a Schedule 13G, reporting a 5.05% beneficial ownership stake in Kimco Realty Corporation as of March 31, 2025.

Summary

• Cohen & Steers, Inc. and its affiliated entities collectively reported beneficial ownership of 34,318,323 shares of Kimco Realty Corporation's Common Stock.
• This aggregate ownership represents 5.05% of Kimco Realty Corporation's outstanding common stock.
• The filing indicates that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Cohen & Steers, Inc. (a Delaware corporation) is the parent holding company, with its subsidiaries Cohen & Steers Capital Management, Inc. (New York), Cohen & Steers UK Ltd (United Kingdom), Cohen & Steers Asia Ltd (Hong Kong), and Cohen & Steers Ireland Limited (Ireland) holding the securities for their respective account holders.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by a reputable investment manager like Cohen & Steers is generally a positive signal, indicating confidence in the issuer. There are no negative implications or concerns raised within the filing itself.

Positives

• A significant institutional investment manager, Cohen & Steers, Inc., holds a substantial stake (5.05%) in Kimco Realty Corporation, which can be viewed as a vote of confidence in the company's long-term prospects by a major real estate investment specialist.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, indicating a passive, investment-oriented holding.

Future Outlook

The document, a Schedule 13G, is a disclosure of beneficial ownership and does not provide any forward-looking statements or guidance regarding Kimco Realty Corporation's future performance or Cohen & Steers' investment outlook.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11." (Certification by Francis Poli, EVP, General Counsel and Global CCO of Cohen & Steers, Inc.)
• "To the best of my knowledge and belief, the foreign regulatory scheme applicable to Corporation is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D." (Certification by Francis Poli, EVP, General Counsel and Global CCO of Cohen & Steers, Inc.)

Industry Context

This filing indicates a significant passive investment by a specialized real estate investment manager in Kimco Realty Corporation, a prominent REIT. Such institutional holdings are common in the REIT sector, reflecting investor confidence in the long-term income and capital appreciation potential of real estate assets.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake provides transparency regarding the ownership structure and may influence investor sentiment positively, signaling institutional confidence.

Key Dates

Keywords

Kimco Realty Corporation, Cohen & Steers, Schedule 13G, Beneficial Ownership, Common Stock, Real Estate Investment Trust, REIT, Institutional Investor, Passive Investment, SEC Filing