Kimco and Weingarten Strategic Merger investor presentaton
PRO FORMA BALANCE SHEET SUMMARY
Strong Balance Sheet Provides Financial Flexibility and Ability to Execute Business and Growth Strategy
BALANCE SHEET HIGHLIGHTS
• The combined company will have a strong, investment grade
rated capital structure with substantial liquidity
• Kimco's $785 million investment in the Albertsons grocery
chain (NYSE: ACI) provides an additional future source of
capital
• Well-laddered debt maturity schedule with a weighted average
maturity profile of over 9 years, among the longest in the REIT
industry
Reduced Net Debt + preferred / EBITDA and potential lower
cost of capital
• Lower secured debt levels and consolidated debt is 100% fixed
rate, further de-risking the balance sheet
• Plan to maintain conservative financial and credit policies
KIMCO™
REALTY
1. Excludes cash and cash equivalents.
33%
3%
TOTAL CAPITALIZATION (1)
2%
3%
$20.7B
58%
Common Equity
Unsecured Debt
Mortgage Debt
Share of JV Debt
Preferred Equity
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