BNET Industries

Market Cap:$4.6B
Last Fiscal Year Sales:$750.5M
  • Public
  • US
Dow Jones Description

Kimco Developers, Inc. ("KDI"), is one of Kimco Realty Corporation's taxable REIT subsidiaries. Our company leverages the same business principals and expertise that Kimco has used since the development of our first shopping center over 35 years ago. KDI is headed up by Jerald Friedman, President; Daniel Slattery, Executive Vice President; and Norm Brody, Vice President. Kimco Developers pursues the development of quality open-air retail shopping centers with national credit tenants, both on our own and through joint ventures with quality developers. These projects will be supermarket anchored, power centers or lifestyle centers. We evaluate sites for their intrinsic real estate value and tenant interest in the market. Our relationships with the dominant national retailers are extremely strong, and they will advise us of their interest in various locations and their desires to find locations in strategic markets. KDI's expertise of understanding and evaluating the risks and rewards of retail development allows for quick action and prompt response. Development opportunities are vigorously pursued on a national basis. The company locates development opportunities from various sources. The sources include tenant referral, developers, brokers, and other real estate industry contacts. Tenant referrals has been a very effective method to obtain sites as tenants may locate a parcel too large for them and we will acquire the balance, or a tenant may identify a market and we will...

Chairman & CEO
Milton Cooper
Number of Employees 680
Contact Information

3333 New Hyde Park Rd

New Hyde Park, New York 11042

kimcorealty.com

(516) 869-9000

NAICS Code : 525930

Recent Events

  • Kimco Purchases DRA's Stake in Shopping Center Portfolio

    11/14/09 - Merger / Acquisition - View Story

  • Retailers, REITs confronting the ghost of Christmas past

    11/06/09 - Financial Announcement - View Story

  • David B. Henry succeeds Milton Cooper as CEO of Kimco Realty Corporation; Cooper remains Executive...

    11/03/09 - Mgmt. Change Entering - CEO - View Story

  • BRIEF-Kimco Realty says David Henry succeeds Milton Cooper as CEO

    11/03/09 - Mgmt. Change Entering - CEO - View Story

  • JMS Starts Acadia AKR, Entertainment Properties EPR at Buy, Kimco KIM at Neutral

    10/07/09 - Bond / Stock Rating - View Story

  • Sandler O'Neill Analyst Raises Price Targets on 14 REIT's, Upgrades UDR, ACC to Buy

    9/30/09 - Bond / Stock Rating - View Story

  • Kimco Realty Closes $300 Million 6.875% 10-Year Unsecured Senior Note Offering

    9/29/09 - New Investment - View Story

  • Kimco Realty Invites You to Join Its Third Quarter Earnings

    9/01/09 - Financial Announcement - View Story

  • Temporary stores get warm welcome from revenue-starved landlords

    8/30/09 - Sites Leased - View Story

  • UPDATE 2-Kimco Q2 FFO misses Wall St view, occupancy slips

    7/30/09 - Stock Split / Dividend - View Story

  • Robert W. Baird & Co. initiates coverage of Kimco Realty at 'neutral'

    6/18/09 - Bond / Stock Rating - View Story

News & Analysis

kimco realty corp. and stock - All News and Analysis

Decision Makers

Name (plus bio) Position
F. Patrick Hughes President
Jerald Friedman President, Development
David R Lukes Executive Vice President and Chief Operating Officer
Michael V. Pappagallo Executive Vice President and Chief Financial Officer
Aaron Fleishaker Executive Vice President
Daniel Slattery Executive Vice President, Development
Barbara Pooley Vice President, Ir
Brian Neltner Vice President, Leasing
Bruce Kauderer General Counsel, Secretary & Vice President, Legal
Gary Cohen Glenn Vice President, Treasurer
Glenn Cohen Treasurer & Vice President
Howard Overton Vice President, Western Region
Joel Yarmak Vice President, Finance Operations
Joseph V. Denis Vice President, Construction
Norm Brody Vice President, Development
Patrick J. Callan Vice President, Eastern Region
Paul Weinberg Vice President, Hr
Raymond Edwards Vice President
Raymonds Edward Vice President
Matthew Golden Managing Director of Acquisitions
Edward Senenman Director of Acquisitions
James Sheuchenko Director of Property Management
Mathew Golden Director of Acquisitions
Patrick Flynn Director of Real Estate
Paul Westbrook Director, Accounting
Ross Cooper Director of Acquisitions, Florida
Scott Onufrey Director of Investor Relations
Susan Lopera Senior Director
Anne Lang Investor Relations Associate
Derek Simmons Acquisitions Analyst
Elaine T Hassan Acquisitions Analyst
Georgia Misoulis Senior Acquisitions Analyst
William J. Cernius
Philip E Coviello Director

Board of Directors

Name (plus bio) Position
Milton Cooper Chairman & CEO
David B. Henry Vice Chairman, President and Chief Investment Officer
Michael J. Flynn Vice Chairman, President and Chief Operating Officer
Frank Lourenso Board of Directors
Joe Grills Board of Directors
Martin S. Kimmel Board of Directors
Richard B. Saltzman Board of Directors
Richard G. Dooley Board of Directors

Chairman of the Board of Kimco Realty Corporation, a real estate investment trust, since November 1991; Director of Blue Ridge Real Estate/Big Boulder Corporation, a real estate management and land development firm, since 1983. Neither company is affiliated with Getty.

Organization Position Status
Getty Realty Corp. Director Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
Blue Ridge Real Estate Co Board of Directors Current
Kimco Realty Corporation Chairman & CEO Former
Kimco Realty Corporation Chairman and Chief, Executive Officer Former
MassMutual Corporate Investors Trustee Former
MassMutual Corporate Investors Board of Directors Former
MassMutual Participation Investors Board of Directors Former

David B. Henry was appointed President of the company in November 2008. Mr. Henry has assumed the principal leadership role for the execution of the company's overall business strategy. He has been Vice Chairman of the Board of Directors since May of 2001 and continues to act as Chief Investment Officer of the Company. Mr. Henry joined Kimco Realty Corporation after 23 years at General Electric where he was Chief Investment Officer and Senior Vice President of GE Capital Real Estate and Chairman of GE Capital Investment Advisors. Mr. Henry was responsible for helping to manage real estate investments totaling more than $20.0 billion in 11 countries worldwide. In his GE Capital Real Estate career, Mr. Henry also had operating responsibilities for a variety of individual and real estate businesses including joint ventures, pension advisory services and U.S. origination activities, Mexico, Canada, Asia and Australia.

Organization Position Status
Kimco Realty Corporation Vice Chairman, President and Chief Investment Officer Current
HCP, Inc. Board of Directors Current
Kimco Realty Corporation Board of Directors Former
Bucknell University B.S. In Business Administration Former

Mr. Hughes has been a director since September 2003. Mr. Hughes previously served as CEO, President and Trustee of Mid-Atlantic Realty Trust since its formation in 1993. Mr. Hughes is the former President, Chief Operating Officer and Director of BTR Realty, Inc., having served in such capacity from 1990 to 1993. Mr. Hughes served as CFO and Senior Vice President from 1974 until 1990.

Organization Position Status
Kimco Realty Corporation President Current
Kimco Realty Corporation Chairman Current
Kimco Realty Corporation Board of Directors Current

Organization Position Status
Kimco Realty Corporation President, Development Current
Kimco Realty Corporation Executive Vice President, Dev Former

Michael J. Flynn, the Chairman of the Corporations board of directors, is also the President, Chief Operating Officer and Vice Chairman of the board of directors of Kimco Realty Corporation. In addition, Patrick M. Flynn, who serves as one of the Corporations directors and is the Corporations President and Chief Executive Officer, is the Director of Real Estate at Kimco Realty Corporation. Finally, Milton Cooper, who serves as one of the Corporations directors, also serves as Chief Executive Officer and Chairman of the board of directors of Kimco Realty Corporation.

Organization Position Status
Blue Ridge Online President Current
Kimco Realty Corporation Vice Chairman, President and Chief Operating Officer Current
Blue Ridge Online Chairman of the Board of Directors Current

David Lukes was appointed Chief Operating Officer in November 2008. In this role he directs the strategy and day-to-day activities of the company's shopping center business. Mr. Lukes was previously an Executive Vice President of Kimco where he had the responsibility for the financial performance of the U.S. and Puerto Rico portfolios as well as direction of the Redevelopment and Specialty Leasing Departments. Prior to joining Kimco, Mr. Lukes was Development Director of Myers Development Company in San Francisco, where he was responsible for the entitlement, pre-development, leasing and construction of several mixed-use and high-rise properties. Mr. Lukes holds a Master of Real Estate Development from Columbia University and a Master of Architecture from the University of Pennsylvania and a Bachelor of Environmental Design from Miami University.

Organization Position Status
Kimco Realty Corporation Executive Vice President and Chief Operating Officer Current
Myers Development Company Development Director Former
Columbia University Master of Real Estate Development Former
Miami University Bachelor of Environmental Design Former

Organization Position Status
Kimco Realty Corporation Executive Vice President and Chief Financial Officer Current
American Institute of Certified Public Accountants Certified Public Accountant Current
American Institute of Certified Public Accountants Board of Directors Current
American Institute of Certified Public Accountants Member Current
General Electric Capital Corporation Cfo Former
Iona College Degree Former

Organization Position Status
Kimco Realty Corporation Executive Vice President Current
Gordon Brothers Group, LLC Current

Organization Position Status
Kimco Realty Corporation Executive Vice President, Development Current
Kimco Realty Corporation Vice President Former

Organization Position Status
Kimco Realty Corporation Vice President, Ir Current

Organization Position Status
Kimco Realty Corporation Vice President, Leasing Current

Organization Position Status
Kimco Realty Corporation General Counsel, Secretary & Vice President, Legal Current

Organization Position Status
Kimco Realty Corporation Vice President, Treasurer Current
Kimco Realty Corporation Board of Directors Current

Organization Position Status
Kimco Realty Corporation Treasurer & Vice President Current
Kimco Realty Corporation Treasurer Current

Organization Position Status
Kimco Realty Corporation Vice President, Western Region Current

Organization Position Status
Kimco Realty Corporation Vice President, Finance Operations Current

Organization Position Status
Kimco Realty Corporation Vice President, Construction Current

Organization Position Status
Kimco Realty Corporation Vice President, Development Current

Organization Position Status
Kimco Realty Corporation Vice President, Eastern Region Current

Organization Position Status
Kimco Realty Corporation Vice President, Hr Current

Organization Position Status
Kimco Realty Corporation Vice President Current

Organization Position Status
Kimco Realty Corporation Vice President Current

Organization Position Status
Kimco Realty Corporation Managing Director of Acquisitions Current

Organization Position Status
Kimco Realty Corporation Director of Acquisitions Current

Organization Position Status
Kimco Realty Corporation Director of Property Management Current

Organization Position Status
Kimco Realty Corporation Director of Acquisitions Current

Organization Position Status
Blue Ridge Online Chief Executive Officer Current
Kimco Realty Corporation Director of Real Estate Current
Blue Ridge Online Board of Directors Current

Organization Position Status
Kimco Realty Corporation Director, Accounting Current
Kimco Realty Corporation Director, Accounting Former
Kimco Realty Corporation Director, Accounting Former

Organization Position Status
Kimco Realty Corporation Director of Acquisitions, Florida Current

Organization Position Status
Kimco Realty Corporation Director of Investor Relations Current
Kimco, Inc. Director, Investor Relations Former

Susan Lopera is a Senior Director at Kimco Realty Corporation. She is a mentor to three of CIR's students and became involved with CIR in 2007. She graduated from Northeastern University.

Organization Position Status
Kimco Realty Corporation Senior Director Current
Kimco Realty Corporation Senior Acquisition Analyst Current
College Is Real, Inc Board of Directors Current
Northeastern University Former

Organization Position Status
Kimco Realty Corporation Investor Relations Associate Current

Organization Position Status
Kimco Realty Corporation Acquisitions Analyst Current

Organization Position Status
Kimco Realty Corporation Acquisitions Analyst Current

Organization Position Status
Kimco Realty Corporation Senior Acquisitions Analyst Current

Bill Cernius has practiced law with Latham & Watkins since 1985 and has been a resident attorney in each of the San Diego, Los Angeles, London and Orange County offices of the firm. Mr. Cernius has extensive mergers and acquisitions experience representing both sellers and buyers (both financial and strategic), including the $4.0 billion merger between Kimco Realty Corporation and Pan Pacific Retail Properties, Inc., the $2.9 billion merger between Health Care Property Investors, Inc. and American Health Properties, Inc., the $1.0 billion merger between British Telecommunications plc and Infonet Services Corporation, and the $680.0 million leveraged buy-out acquisition of Irvine Apartment Communities, Inc. by The Irvine Company. In addition, Mr. Cernius has participated in hostile acquisition situations including the defense of ARV Assisted Living, Inc. and the acquisition of JCC Holdings, Inc. He has handled numerous securities-related transactions of virtually all types and sizes, including the $1.2 billion initial public offering for Infonet Services Corporation, the $300.0 million initial public offering for Aames Investment Corporation, the $160.0 million Rule 144A common stock offering for NNN Realty Advisors, Inc., and the $53.0 million initial public offering by Sangamo BioSciences, Inc. and has represented both issuers and investment banks in these transactions. Mr. Cernius has considerable experience in advising private and public companies regarding the intricacies of the US federal and state securities laws and lectures often on related topics including, in particular, initial public offerings. Earlier in his career, Mr. Cernius spent two years as an investment banker with the firm of Morgan, Olmstead, Kennedy & Gardner, Incorporated where he focused on initial public offerings, venture capital financings and middle market mergers and acquisitions. While at Morgan, Olmstead, Mr. Cernius was in charge of the firm's venture capital fund. Mr. Cernius is a member of the Orange County and American Bar Associations.

Organization Position Status
Latham & Watkins Partner, Corporate Department Current
Pan Pacific Retail Properties, Inc. Current
Kimco Realty Corporation Current
British Telecommunications Plc Current
The Irvine Company Inc. Current
Irvine Apartment Communities Incorporated Current
HCP, Inc. Current

Frank Lourenso is a Director of the Company since December 1991. Executive Vice President of J.P. Morgan ("J.P. Morgan", and successor by merger to The Chase Manhattan Bank and Chemical Bank, N.A.) since 1990. Senior Vice President of J.P. Morgan for more than five years prior to that time.

Organization Position Status
Kimco Realty Corporation Board of Directors Current

Joe Grills has been director of the Company since January 1997. During this period of time he held various positions in financial management in both IBM's domestic and international businesses. From 1986 to 1993 he was an IBM Assistant Treasurer and served as Chief Invesmtent Officer of the IBM Retirement Funds. In his role as chief Investment Officer, Mr. Grills had responsibility for the investment management of $34 billion of assets in ERISA plans and, in addition, monitored the investment activities of IBM's international subsidiary funds which had $14 billion in assets. Mr. Grill's present activities include serving as a member and Co-Chairman of the Board of Directors of a cluster of Merrill Lynch Mutual Funds. He was a Director and Vice Chairman of the Duke University Management Company from 1992-2004 and is currently a Director Emeritus. He was a member of the Board of Directors of both the LaSalle Street Fund (1995-2001) and the Mercury HW Mutual Funds (1996-2002). He is also a Director and Vice Chairman of the Montpelier Foundation which manages the former home of President James Madison and Dolley Madison. He is a member of the Investment Advisory Committees of the State of New York Common Retirement Fund, the Virginia Retirement System and Vice Chairman thereof, the Investment Committees of the Woodberry Forest School, the National Trust for Historic Preservation, and the Individual Investors Advisory Committee of the NYSE. He served on the Investment Advisory Committee of the Howard Hughes Medical Institute from 1997 to 2000. He is an ex-officio member and former Chairman of the Committee on Investment of Employee Benefit Assets of the Associaiton of Financial Professionals. He was a member of the Editorial Board of Investment Policy Magazine from 1997-2001. Mr. Grills has done consulting for a management consulting firm and for research firms and plan sponsors.

Organization Position Status
National Trust Company Board of Directors Current
Kimco Realty Corporation Board of Directors Current

Organization Position Status
Kimco Realty Corporation Board of Directors Current

Organization Position Status
Getty Realty Corp. Chairman Current
Kimco Realty Corporation Director Current
Latham & Watkins Partner Former

Mr. Saltzman is the President of Colony Capital, LLC and shares responsibility for the Firm's global operations. In particular, Mr. Saltzman guides the strategic planning, acquisition and asset management activities of Colony and oversees new business initiatives. Prior to joining Colony in 2003, Mr. Saltzman spent 24 years in the investment banking business primarily specializing in real estate-related businesses and investments. Most recently, he was a Managing Director and Vice Chairman of Merrill Lynch's investment banking division. As a member of the investment banking operating committee, he oversaw the firm's global real estate, hospitality and restaurant businesses. Previously, he also served as Chief Operating Officer of Investment Banking, had responsibility for Merrill Lynch's Global Leveraged Finance business, and was also responsible for various real estate-related principal investments including the Zell/Merrill Lynch series of funds which acquired more than $3.0 billion of commercial real estate assets and where Mr. Saltzman was a member of the investment committee. Mr. Saltzman serves on the Board of Directors of Kimco Realty Corporation (NYSE: KIM). He is also a Trustee of the Urban Land Institute and on the Board of Directors of the Real Estate Roundtable. Previously, he was a Trustee and Treasurer of the Pension Real Estate Association, a Director of the Association of Foreign Investors in Real Estate, a Vice Chairman of the National Realty Committee ("NRC"), a past Chairman of the NRC Real Estate Capital Policy Advisory Committee, and a member of the Board of Governors of the National Association of Real Estate Investment Trusts. Mr. Saltzman received his B.A. from Swarthmore College in 1977 and an M.S. in Industrial Administration from Carnegie Mellon University in 1979.

Organization Position Status
Urban Land Institute Board of Directors Current
Kimco Realty Corporation Board of Directors Current
Colony Realty Partners, LLC Board of Directors Current
Investment Banking Chief Operating Officer Former
Merrill Lynch & Co., Inc. Vice Chairman Former
Carnegie Mellon University M.S. in Industrial Administration Former
Swarthmore College B.A. Former
National Association of Real Estate Investment Trusts, Inc. member Former

Organization Position Status
Beacon Power Corporation Current
Jefferies Group, Inc. Board of Directors Current
Kimco Realty Corporation Board of Directors Current
Massachusetts Mutual Life Insurance Company Chief Investment Officer Former
Massachusetts Mutual Life Insurance Company Executive Vice President Former
Massachusetts Mutual Life Insurance Company consultant Former
Saint Anselm College trustee Former
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     KIM $12.29 +0.23 (1.91% )
Average Volume 8,713,230
Shares Outstanding 376.72M
Market Cap 4.6B
Year High 20.9
Year Low 1.6
Earnings Per Share -0.52
P/E Ratio -23.63
Dividend 0.24
Yield 1.95
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