Kimco Realty Corp., New Hyde Park
Owns and operates shopping centers
Year: Ended Dec. 31, 2009
Net income: Loss of $51.2 million, compared with profit of $202.6 million for previous year.
Funds from operations: $287.1 million, compared with $522.9 million in the year-ago quarter.
Outlook: The company is actively engaging in the disposition of its nonretail assets. It plans to continue strengthening its balance sheet with a long-term focus on reducing its leverage levels and employing a conservative capital mix.
Company statement: The company remains committed to its core business objectives, including increasing shareholder value through the ownership, management and selective acquisition of neighborhood and community shopping centers.