By ICR | Podcast
Real Estate Investment Trusts (REITs) can be pretty misunderstood investment opportunities, particularly amongst younger investors. Their slow-and-steady pace and relative lack of volatility can lead investors looking for quicker action to lose patience with the entire asset class. However, REITs have historically produced long-term capital appreciation and high, consistent dividend income at relatively low risk. For growth-oriented investors, they can be a safe (and lucrative) bet.
Conor Flynn is the CEO of Kimco Realty and this week’s guest on Welcome to the Arena. Kimco is a real estate investment trust listed on the New York Stock Exchange under the symbol KIM. It’s America’s largest publicly traded owner and operator of open air, grocery-anchored shopping centers and mixed-use assets with approximately 540 properties and more than 93 million square feet of gross leasable space.
In this episode, Conor sits down with Tom Ryan to discuss the strategic choices that have positioned Kimco with their highest credit rating and strongest balance sheet to date, and what action they took to support their tenants during the Covid-19 pandemic.
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If you have questions about the show, or have a topic in mind you’d like discussed in future episodes, email our producer, elizabeth@lowerstreet.co.
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