Kimco and Weingarten Strategic Merger investor presentaton
TRANSACTION
RATIONALE
Combination Creates Premier Open-Air Shopping Center and Mixed-Use Real Estate Company
CREATES LEADING
SHOPPING CENTER REIT
WITH BENEFITS OF
SCALE
ENHANCES PORTFOLIO
QUALITY AND
DIVERSIFICATION
IMPROVES GROWTH
PROFILE WITH
SIGNIFICANT VALUE
CREATION OPPORTUNITIES
KIMCO™
REALTY
• Pro forma total enterprise value of $20 billion is greater than other public shopping center REITs and
establishes Kimco as a clear leader in the sector
• Enhances liquidity and access to capital
• Improves margins and G&A rationalized over larger asset base
• Combined platform will benefit from a robust pipeline of opportunities
• Highly complementary portfolios create an unparalleled high-quality, grocery-anchored shopping center
portfolio of 559 operating properties in top MSAS
-~80% of ABR from grocery-anchored centers
$18.79 ABR per square foot
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• Increases Kimco's penetration in desirable Sun Belt markets, creating a well-balanced, national platform
Largely de-risked development projects with minimal spend remaining will serve as a catalyst for future
growth, with significant cash flow coming online in the next several years
Mixed-use expertise with strong track record of multifamily development provide cash flow diversification
and densification opportunities
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