Issuer:

Kimco Realty Corporation

Ratings*:

Baa1 (stable) by Moody’s Investors Service, Inc.

Aggregate Principal Amount Offered Hereby:

$500,000,000

Pricing Date:

September 13, 2021

Settlement Date:

September 22, 2021 (T+7)

The settlement date of September 22, 2021 is the seventh business day following the date of the preliminary prospectus supplement. Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes before the second business day prior to the settlement date will be required, by virtue of the fact that the Notes initially will settle on a delayed basis, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisors with respect to these matters.

Maturity Date:

December 1, 2031

Interest Payment Dates:

June 1 and December 1, commencing on June 1, 2022 (long first coupon)

Coupon:

2.250%

Price to Public:

99.536% of the principal amount

Gross Proceeds to Issuer (before expenses):

$497,680,000

Use of Proceeds:

The issuer intends to use the net proceeds from this offering to for general corporate purposes, including, but not limited to, repayment of borrowings under our Credit Facility, and funding for suitable acquisition and redevelopment opportunities.

Benchmark Treasury:

1.250% due August 15, 2031

Benchmark Treasury Yield:

1.321%

Spread to Benchmark Treasury:

+98 bps

Yield to Maturity:

2.301%

Redemption Provisions:

Make-whole Call:

Prior to September 1, 2031, the Notes will be redeemable at the Issuer’s option, at a redemption price equal to the sum of (1) an amount equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date and (2) a make-whole premium (T+15 bps).

Par Call:

At any time on or after September 1, 2031, the Notes will be redeemable at the Issuer’s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date.

CUSIP / ISIN:

49446R AY5 / US49446RAY53

Joint Book-Running Managers:

BofA Securities, Inc.

PNC Capital Markets LLC

Truist Securities, Inc.

Wells Fargo Securities, LLC

BNP Paribas Securities Corp.

J.P. Morgan Securities LLC

Senior Co-Managers:

Citigroup Global Markets Inc.

Morgan Stanley & Co. LLC

Regions Securities LLC

Co-Managers:

Barclays Capital Inc.

BMO Capital Markets Corp.

BNY Mellon Capital Markets, LLC

Deutsche Bank Securities Inc.

RBC Capital Markets, LLC

TD Securities (USA) LLC

U.S. Bancorp Investments, Inc.

UBS Securities LLC