Kimco is a last-mile real estate investment trust specializing in the acquisition, development, and management of open-air shopping centers. The company's portfolio consists of 579 U.S. shopping centers and mixed use assets. New York and California account for about 28% of all properties. Joint ventures account for about 13% of consolidated NOI. About 80% of annual base rents came from centers anchored by grocery store tenants. Anchor stores also include discount clothing retailers and T.J Maxx is the company's top tenant, accounting for almost 5% of GLA. The company recognizes the value of multiuse retail destinations that include smaller tenants, and has maintained relationships with fast food and coffee retailers. The company has shopping centers in 39 states, with a focus on the last-mile suburbs of major metro coastal markets, as well as Sunbelt locations. In August 2021, it purchased Weingarten Realty for approximately $3.9 billion, becoming the largest grocery-anchored shopping REIT by market capitalization. The acquisition also gave the company a presence in Texas. In January 2024, Kimco purchased RPT Realty in an all-stock transaction. Kim