Kimco Realty : Corporate Responsibility at Kimco Realty®

Corporate Responsibility at Kimco Realty®

First Quarter 2024

Stonebridge at Potomac Town Center

Woodbridge, Virginia

kimcorealty.com

Safe Harbor

This communication, together with other statements and information publicly disseminated by Kimco Realty Corporation (the "Company," or "Kimco," or "our") contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, including the Company's sustainability and diversity goals, strategies, targets, commitments, projects, objectives, plans and programs, are generally identifiable by use of the words "believe," "expect," "intend," "commit," "anticipate," "estimate," "project," "will," "target," "plan," "forecast" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company's control and could materially affect actual results, performances or achievements, including the Company's ability to achieve the goals, targets and commitments set forth in this communication. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) unexpected delays, difficulties, and expenses in executing against the goals, targets and commitments identified in this communication, (ii) unexpected cost increases or technical difficulties in constructing, maintaining or modifying properties, (iii) energy prices, (iv) technological innovations, (v) natural disasters, and weather and climate-related events, (vi) general adverse economic and local real estate conditions, (vii) the impact of competition, including the availability of acquisition or development opportunities and the costs associated with purchasing and maintaining assets, (viii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (ix) the reduction in the Company's income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (x) the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience, (xi) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing in accordance with our expectations, (xii) the Company's ability to raise capital by selling its assets, (xiii) disruptions and increases in operating costs due to inflation and supply chain disruptions, (xiv) risks associated with the development of mixed-use commercial properties, including risks associated with the development, and ownership of non-retail real estate, (xv) changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management's ability to estimate the impact of such changes, (xvi) the Company's failure to realize the expected benefits of the merger with RPT Realty ("RPT Merger"), (xvii) significant transaction costs and/or unknown or inestimable liabilities related to the RPT Merger, (xviii) the risk of litigation, including shareholder litigation, in connection with the RPT Merger, including any resulting expense, (xix) the ability to successfully integrate the operations of the Company and RPT and the risk that such integration may be more difficult, time-consuming or costly than expected, (xx) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company, (xxi) effects relating to the RPT Merger on relationships with tenants, employees, joint venture partners and third parties, (xxii) the possibility that, if the Company does not achieve the perceived benefits of the RPT Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company's common stock could decline, (xxiii) our ability to navigate evolving stakeholder perceptions regarding various ESG policies, goals, memberships and programs, including rankings and scores and both pro- and anti-ESG activism by various stakeholders, including certain policymakers, (xxiv) valuation and risks related to the Company's joint venture and preferred equity investments and other investments, (xxv) valuation of marketable securities, (xxvi) impairment charges, (xxvii) criminal cybersecurity attacks, disruption, data loss or other security incidents and breaches, (xxviii) risks related to artificial intelligence, (xxix) impact of natural disasters and weather and climate-related events, (xxx) pandemics or other health crises, such as coronavirus disease 2019 ("COVID-19"), (xxxi) our ability to attract, retain and motivate key personnel, (xxvii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xxxiii) the level and volatility of interest rates and management's ability to estimate the impact thereof, (xxxiv) changes in the dividend policy for the Company's common and preferred stock and the Company's ability to pay dividends at current levels, (xxxv) unanticipated changes in the Company's intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity, (xxxvi) the Company's ability to continue to maintain its status as a REIT for U.S. federal income tax purposes and potential risks and uncertainties in connection with its UPREIT structure, and (xxxvii) the other risks and uncertainties identified under Item 1A, "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K and in the Company's other filings with the Securities and Exchange Commission ("SEC"). Accordingly, there is no assurance that the Company's expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes or related subjects in the Company's quarterly reports on Form 10-Q and current reports on Form 8-K that the Company files with the SEC.

Furthermore, while future events discussed in this communication may be significant, any significance should not be read as necessarily rising to the level of materiality of certain disclosures included in our SEC filings. In addition, non-financial information, such as that included in parts of this communication, is subject to greater potential limitations than financial information, given the methods used for calculating or estimating such information. For example, standards and expectations regarding the measurement and accounting of various non-financial information (including GHG emissions and any associated reductions) continue to evolve, and it is possible that our approaches both to measuring our emissions and reducing emissions and measuring such reductions may be considered inconsistent with common or best practices with respect to such matters. Certain of our disclosures also rely at least in part on third-party information, and while we are not aware of any material issues with such information, except to the extent disclosed, we have not necessarily independently reviewed this information for accuracy. To the extent our approaches are perceived to fall out of step with common or best practice, or information we use in formulating our disclosures is subsequently determined to be inaccurate, we may be subject to additional scrutiny, criticism, regulatory and investment engagement or litigation, any of which may adversely impact our business, financial condition, or results or operations.

In addition, many of the standards and performance metrics used and referred to in the environmental, social and governance-related goals, targets and commitments set forth or referred to in this communication continue to evolve and are based on management expectations and assumptions believed to be reasonable at the time of preparation, but should not be considered guarantees. The standards and performance metrics used, and the expectations and assumptions they are based on, have not unless otherwise expressly specified, been verified by any third party. In addition, while we seek to align the disclosures set forth or referred to in this communication with the recommendations of various third-party frameworks, such as the Global Reporting Initiative, the Sustainability Accounting Standards Board, and the Task Force on Climate-Related Financial Disclosures, we cannot guarantee strict adherence to these framework recommendations. Additionally, our disclosures based on these frameworks or otherwise may change due to revisions in framework requirements, availability or quality of information, changes in our business or applicable governmental policies, or other factors, some of which may be beyond the Company's control, and we cannot guarantee that our approach to such matters will align with any particular methodology or the preferred practices and interpretations of any particular stakeholder.

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Suburban Square

Ardmore, Pennsylvania

Table of Contents

4 ESG Leadership

12 Environmental Platform

21 Social Platform

30 Governance Platform

Dania Pointe

Dania Beach, Florida

ESG

Leadership

ESG Leadership

Longstanding History of ESG at Kimco Realty

Kimco Realty and ESG Governance

19582012

KIM Founded	Dedicated
on a handshake	ESG Team
1991	formed

KIM IPO launched Modern REIT Era

2006

KIM named to S&P 500

ESG Foundation Building

2014

			•	Published
		2012		first, GRI -
			aligned
		Launched		Corporate
	2011	portfolio wide	2013	Responsibility
2010	recycling	Report
Initial	program and	Installed •	Launched
Installed	participation	utility	first EV	LED lighting
first rooftop	in GRESB	management	charging	retrofit
solar array	& CDP	initiative	station	initiative

2015

Launched water management efforts

2016	2017	2018	2019	2020	2021
Conor Flynn	Mary	Valerie	•	Established	Henry	•	Merger with
appointed	Hogan	Richardson		ESG	Moniz		Weingarten
CEO &	Preusse	appointed to		Steering	appointed		Realty
Board	appointed	the Board		Committee	to the		Investors
Member	to the		•	Launched	Board	•	Launched
	Board			Diversity,			Employee
				Equity, and			KIMunity
				Inclusion			Councils
				council

ESG Leadership

2019

•	Launched
	national call
	center
•	Aligned	2020
	ESG
	reporting	•	Created
	with TCFD		Tenant	2021
	and SASB		Assistance
•	Signed the		Program	Investment
2017	CEO Action	•	Issued	in Fifth
for Diversity		$500M	Wall's
KimCares	& Inclusion		Green	Climate
scholarships	Pledge		Bond	Tech Fund

2022

ESG incorporated into compensation across leadership team

2022

• Published first Workforce Diversity Report (EEO-1)
• Launched Milton Cooper Trailblazer in Real Estate Award

2023

Launched

Employee

Resource

Groups

2023

• Launched
  IREM Certified Sustainable Properties Volume Program

ESG Initiatives

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ESG Leadership

ESG Oversight

• The Nominating and Corporate Governance Committee of Kimco's Board of Directors is responsible for reviewing and monitoring the

development and implementation of goals and related metrics established

Board of Directors

for the ESG program, as well as progress against those goals

(Nominating and Governance

•Committee)

Kimco's CEO, Conor Flynn, who is a director, is the executive

management sponsor of the ESG program

• The management-levelESG Steering Committee is cross-functional and diverse, supported by a Communications Subcommittee and the ESG Capital Improvements Subcommittee

•	ESG
Led by the Vice President of ESG, the ESG Department includes staff
	Department
	dedicated to driving key ESG strategies, programs, and initiatives across
	the company

• Employee feedback and programming is driven through KIMunity
  Councils

Councils and

For more information on Kimco's ESG Governance Structure see the "ESG Oversight"Employeessection of our most recent Proxy Statement.

ESG

Steering

Committee*

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ESG Leadership

ESG Strategic Areas of Focus

Pillars

COMMUNICATE

Openly With

Stakeholders

Strategy

Regularly engage with key stakeholders, reporting relevant information on pertinent issues

EMBRACE

The Future Of Retail

Foster a sense of place at our shopping centers, creating people-centered properties for enhanced convenience and accessibility

ENGAGE

Tenants

& Communities

Kimco Tenant and Shopper

Support tenant success and foster community well-being, serving as a positive presence

LEAD	Enhance operational efficiency and safeguard assets
In Operations &
from operational disruption
Resiliency

FOSTER

An Engaged, Inclusive & Ethical Team

Actively cultivate employee satisfaction and foster diversity and inclusion across organizational levels

Kimco Employees

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ESG Leadership

ESG Goals Update

Communicate Openly with stakeholders

Our GoalsProgress Status

SDG		1	Regularly engage with key stakeholders and
	annually report relevant ESG information in	On-going
			alignment with leading voluntary ESG disclosure	Practice
			standards.
	Embrace The Future of Retail
	Our Goals	Progress	Status

Engage Tenants & Communities

	Our Goals		Progress	Status
SDG
6	Maintain an average tenant		93% tenant
	satisfaction
	satisfaction rate of at least 80%.
		rate
		Give $1 million annually in cash
		and in-kind contributions to support		$1.3
		small businesses and charitable
			million
	7 causes in the communities in
		which we operate.

SDG

Construct or entitle at least 12,000 residential

2 units by 2025, as part of our effort to create quality mixed-uselive-work-play environments.

3 Establish Curbside Pickup infrastructure at 100% of all qualified locations by 2025.

Establish dedicated space for the activation

4 of outside common areas at 20% of properties by 2030

5 Establish low-carbon transportation infrastructure at 25% of properties by 2025.

9,945 units*

(built, under construction, or entitled)

370+ properties

(96% of eligibleproperties)

26% of properties

20% of properties

Unless otherwise noted, goal, status and progress as of 12/31/22 Unless otherwise stated, baseline year for ESG Goals is 2020 *Data as of 03/31/24

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ESG Leadership

ESG Goals Update

Lead In Operations & Resiliency

	Our Goals
SDG	8	Invest $500 million in eligible
	Green Bond projects by 2030.
		Reduce Scope 1 and 2 GHG emissions
	9	by 30% from 2018 to 2030, and achieve
	net zero Scope 1 and 2 GHG emissions by
	20503. Partner with tenants to quantify and
	reduce Scope 3 emissions, establishing a
		goal by 2025.
SDG	10	Improve common area water efficiency
	at properties by 20% by 2025.
		Achieve 50% waste diversion rate for
		waste-to-landfill in our corporate offices
	11 by 2025.
SDG		Establish a comprehensive Vendor
	Business Practices Policy and expand
	12 supply chain reporting.

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Foster An Engaged, Inclusive & Ethical Team

Progress	Status		Our Goals		Progress	Status
$373.8 million		SDG
	Maintain an average employee		92% employee
deployed as of			13 satisfaction rate of at least 90%.		satisfaction rate
June 20231
13.1%
Reduction in			Continue progress on programs to		On-going
Scope 1 and 2
		recruit, develop and retain talent
				Practice
GHG			14 from a diversity of backgrounds.4
emissions
since 20182			Provide 100% of employees
24% decrease				100% of
		with individual development
in usage since				Employees;
		opportunities and maintain
20202				Voluntary
			15 a voluntary turnover rate		Turnover: 9.5%
Baselining in			below 10% annually.
progress		SDG
	Achieve 75% participation
			in employee well-being		100%
On-going			16 programs annually.
	Unless otherwise noted, goal, status and progress as of 12/31/22
Practice		Unless otherwise stated, baseline year for ESG Goals is 2020
	1 Over $125 million additional expected (see 2023 Green Bond Report)

1. These figures include re-baselined prior year values to account for the Kimco/Weingarten merger
2. Kimco's near-term Scope 1 and 2 GHG emissions reduction target is validated by the Science-Based Targets initiative.

4Stated goal reflects Kimco goal as of Q12024. Achieved previous goal to "Increase the proportion of diverse employees in management to 60% by 2030, by developing programs to recruit, develop and retain diverse* talent and promoting a culture of inclusion." *We recognize that there are many attributes that contribute to the diversity of our management and workforce. However, for purposes of this goal and reporting, included individuals who identified as belonging to an underrepresented race/ethnicity and/or gender. Progress against the previous goal was 60.1% as of Q12024.

Corporate Responsibility at Kimco Realty®

ESG Leadership

Recent Results & Recognition

Pillars

COMMUNICATE

Openly With

Stakeholders

Recent Results

Awarded Green Lease LeaderTM at Platinum Level, recognizing green leasing practices and portfolio-widesocial goals

Awarded Nareit®'s 2023 "Leader in the Light" Award for outstanding ESG practices within the retail REIT sector

Recognition

Nareit ®

Nareit®'s 2023 Retail Leader in the Light

Dow Jones® Sustainability Indices

DJSI North America Indexes

EMBRACE	Exceeded our 2030 common area	Achieved 9,945 residential units
activation goal, establishing dedicated
The Future	entitled, under construction, or
space for the activation of outside common
Of Retail	built as of Q1 2024
areas at more than 20% of properties
ENGAGE	Completed third annual Kimco Realty	Completed 160+ portfolio reviews
Tenants	Season of Giving campaign,	in 2023 with retailer partners,
engaging with non-profit organizations	expanding conversations beyond
& Communities
across the country	leasing to include ESG collaboration
LEAD	Launched IREM Certified	Implemented a bundled renewable
energy credit (REC) procurement
Sustainable Properties
In Operations &	pilot, supplementing operational
Certification Volume Program -
Resiliency	efficiency measures as we explore
certified 19 properties
	our pathway to net zero
FOSTER	Received top score on the Corporate	Certified as a Great Place to
Equality Index - designated recipient	Work® for the 6th year in a row
An Engaged, Inclusive
of the Equality 100 Award: Leader	and named one of the 2023 Best
& Ethical Team

GRESB®

GRESB #1 in U.S. Retail: Retail Centers Peer Group, Public Disclosure - "A" Rating

Great Place To Work®

Great Place To Work Certified for the 6th year in a row

Green Lease Leader

Platinum Green Lease Leader

FTSE4Good®

FTSE4Good Index

Human Rights Campaign

Foundation Corporate

Equality Index 2023-2024

Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion

ISS Corporate ESG Rating

Prime Status

in LGBTQ+ Workplace Inclusion	Workplaces in Real Estate

All the above trademarks are the property of their respective owners and used for identification purposes only.

10	kimcorealty.com	Corporate Responsibility at Kimco Realty®