NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--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.
