Conor Flynn, president and CEO of Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Headquartered in New Hyde Park, New York, Kimco owns and operates a portfolio of 550 open-air shopping centers in the United States and Puerto Rico.
Flynn offered his assessment of the impact of retail bankruptcies on the company’s portfolio and supply in the retail real estate sector.
“Retail development is very muted right now,” he said. “When we look at the supply coming online, it’s very measured in terms of the amount coming on each year, and that’s good for business.”
Flynn also discussed how Kimco is looking to create value from its redevelopment pipeline. Finally, Flynn talked about the shifts in the retail segment and Kimco’s efforts to stay ahead of the curve.