In Historic Kimco-Weingarten Merger, Two Shopping Center Stalwarts Combine Forces

 Two of the oldest and largest operators of shopping centers in the U.S. are coming together in a mammoth REIT merger. Jericho, N.Y.-based Kimco Realty Corp. and Houston-based Weingarten Realty this morning announced a plan to merge the companies, which will result in a REIT that is expected to have a pro forma equity market capitalization of approximately $12.0 billion and a pro forma total enterprise value of approximately $20.5 billion.

 

https://www.wealthmanagement.com/investment-strategies/historic-kimco-weingarten-merger-two-shopping-center-stalwarts-combine-forces?NL=WM-057&Issue=WM-057_20210417_WM-057_814&sfvc4enews=42&cl=article_2&utm_rid=CPG09000014448806&utm_campaign=32151&utm_medium=email&elq2=4f143ab880f7441d972b95a5674b4ccf&oly_enc_id=8019F5598289F9C

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