<SEC-DOCUMENT>0001157523-19-001038.txt : 20190502
<SEC-HEADER>0001157523-19-001038.hdr.sgml : 20190502
<ACCEPTANCE-DATETIME>20190502074021
ACCESSION NUMBER:		0001157523-19-001038
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190430
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190502
DATE AS OF CHANGE:		20190502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIMCO REALTY CORP
		CENTRAL INDEX KEY:			0000879101
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				132744380
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10899
		FILM NUMBER:		19789765

	BUSINESS ADDRESS:	
		STREET 1:		3333 NEW HYDE PARK RD
		STREET 2:		PO BOX 5020
		CITY:			NEW HYDE PARK
		STATE:			NY
		ZIP:			11042
		BUSINESS PHONE:		5168699000

	MAIL ADDRESS:	
		STREET 1:		3333 NEW HYDE PARK ROAD
		STREET 2:		PO BOX 5020
		CITY:			NEW HYDE PARKQ
		STATE:			NY
		ZIP:			11042
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51978386.htm
<DESCRIPTION>KIMCO REALTY CORP. 8-K
<TEXT>
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    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 16pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 16pt"></font><font style="font-size: 16pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 10pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><br><br><font style="font-size: 14pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF THE</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of Report (Date of earliest event reported) April 30, 2019</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>KIMCO&#160;REALTY&#160;CORPORATION</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of registrant as specified in its charter)</font><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
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        <td style="border-bottom-width: 1.0pt; width: 30%; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Maryland</b>
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; width: 30%; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-10899</b>
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; width: 30%; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>13-2744380</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 30%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 30%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 30%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>3333 New Hyde Park Road<br>Suite 100<br>New Hyde Park, NY 11042</b><br>(Address
      of principal executive offices) (Zip Code)<br><br>Registrant&#8217;s telephone
      number, including area code: <b>(516) 869-9000</b><br><br><b>Not
      Applicable</b><br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font><br>
    </p>
    <p>
      Securities registered pursuant to Section 12(b) of the Act:
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 64%; text-align: left; padding-left: 0.0px" rowspan="2" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Title of each class</u>
          </p>
        </td>
        <td style="width: 10%; text-align: center; padding-left: 0.0px" rowspan="2" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Trading</u><br><u> Symbol(s)</u>
          </p>
        </td>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Name of each exchange on</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>which registered</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 64%; text-align: left; padding-left: 0.0px" valign="middle">
          Common Stock, par value $.01 per share.
        </td>
        <td style="width: 10%; text-align: center; padding-left: 0.0px" valign="middle">
          KIM
        </td>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="width: 64%; text-align: left; padding-left: 0.0px" valign="middle">
          Depositary Shares, each representing one-thousandth of a share of
          6.000% Class I

          <p style="margin-bottom: 0px; margin-top: 0px">
            Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
          </p>
        </td>
        <td style="width: 10%; text-align: center; padding-left: 0.0px" valign="middle">
          KIMprI
        </td>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="width: 64%; text-align: left; padding-left: 0.0px" valign="middle">
          Depositary Shares, each representing one-thousandth of a share of
          5.500% Class J

          <p style="margin-bottom: 0px; margin-top: 0px">
            Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
          </p>
        </td>
        <td style="width: 10%; text-align: center; padding-left: 0.0px" valign="middle">
          KIMprJ
        </td>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="width: 64%; text-align: left; padding-left: 0.0px" valign="middle">
          Depositary Shares, each representing one-thousandth of a share of
          5.625% Class K Cumulative Redeemable, Preferred Stock, $1.00 par
          value per share.
        </td>
        <td style="width: 10%; text-align: center; padding-left: 0.0px" valign="middle">
          KIMprK
        </td>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="width: 64%; text-align: left; padding-left: 0.0px" valign="middle">
          Depositary Shares, each representing one-thousandth of a share of
          5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par
          value per share.
        </td>
        <td style="width: 10%; text-align: center; padding-left: 0.0px" valign="middle">
          KIMprL
        </td>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="width: 64%; text-align: left; padding-left: 0.0px" valign="middle">
          Depositary Shares, each representing one-thousandth of a share of
          5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par
          value per share.
        </td>
        <td style="width: 10%; text-align: center; padding-left: 0.0px" valign="middle">
          KIMprM
        </td>
        <td style="width: 26%; text-align: left; padding-left: 0.0px" valign="middle">
          New York Stock Exchange
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02. &#160;&#160;Results of Operations and Financial Condition. </b>
    </p>
    <p>
      On May 2, 2019, Kimco Realty Corporation (the &#8220;Company&#8221;) issued a press
      release announcing its financial results for the quarter ended March 31,
      2019. A copy of the press release is furnished as Exhibit 99.1 to this
      Current Report. The information in this Item 2.02 and in Exhibit 99.1 is
      furnished and shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of
      the Securities Exchange Act of 1934, as amended. The information in this
      this Item 2.02 and in Exhibit 99.1 shall not be deemed to be
      incorporated by reference into any filing of the Company whether made
      before or after the date hereof, regardless of any general incorporation
      language in such filing.
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 5.07. &#160;&#160;Submission of Matters to a Vote of Security Holders.</b>
    </p>
    <p>
      The Company&#8217;s annual meeting of stockholders was held on April 30, 2019.
      The Company previously filed with the Securities and Exchange Commission
      the 2019 proxy statement and related materials pertaining to this
      meeting. On the record date of March 5, 2019, there were 421,998,965
      shares of the Company&#8217;s common stock, par value $0.01 per share,
      outstanding and eligible to vote.
    </p>
    <p>
      <u>Proposal 1: Election of Directors</u>
    </p>
    <p>
      Elected the following eight nominees to the Board of Directors (the
      &#8220;Board&#8221;) to serve as directors until the next annual meeting of
      stockholders and until their respective successors are duly elected and
      qualify.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 24%">

        </td>
        <td style="width: 19%">

        </td>
        <td style="width: 13%">

        </td>
        <td style="width: 6%">
          &#160;
        </td>
        <td style="width: 19%">

        </td>
        <td style="width: 19%">

        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; width: 24%; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <b>Nominee</b>
        </td>
        <td style="border-bottom-width: 1.0pt; width: 19%; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <b>Votes For</b>
        </td>
        <td style="border-bottom-width: 1.0pt; width: 13%; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <b>Votes Against</b>
        </td>
        <td style="border-bottom-width: 1.0pt; width: 6%; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; width: 19%; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <b>Abstentions</b>
        </td>
        <td style="border-bottom-width: 1.0pt; width: 19%; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <b>Broker Non-Votes</b>
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Milton Cooper
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          325,730,485
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          5,622,693
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          272,674
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Philip E. Coviello
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          326,923,912
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          4,436,975
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          264,965
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Conor C. Flynn
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          327,208,201
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          3,703,397
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          714,254
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Frank Lourenso
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          306,352,967
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          25,001,700
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          271,185
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Colombe M. Nicholas
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          326,614,147
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          4,294,948
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          716,757
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Mary Hogan Preusse
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          326,752,330
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          4,164,523
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          708,999
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Valerie Richardson
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          328,719,764
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          2,202,880
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          703,208
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
      <tr>
        <td style="width: 24%; text-align: left; padding-left: 0.0px" valign="top">
          Richard B. Saltzman
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          319,887,032
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 13%; text-align: right; padding-left: 0.0px" valign="top">
          11,037,632
        </td>
        <td style="width: 6%">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          701,188
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 19%; text-align: center; padding-left: 0.0px" valign="top">
          40,594,524
        </td>
      </tr>
    </table>
    </div>
    <p>
      <u>Proposal 2: Advisory Resolution to Approve the Compensation of our
      Named Executive Officers</u>
    </p>
    <p>
      Approved, on an advisory basis, the compensation of the Company&#8217;s named
      executive officers as disclosed in the Compensation Discussion and
      Analysis and the accompanying tables in our 2019 proxy statement. There
      were 295,612,622 votes for the proposal; 34,854,713 votes against the
      proposal; 1,158,517 abstentions; and 40,594,524 broker non-votes.
    </p>
    <p>

    </p>
    <p>
      <u>Proposal 3: Ratification of the Appointment of PricewaterhouseCoopers
      LLP as the Company&#8217;s Independent Registered Public Accounting Firm</u>
    </p>
    <p>
      Ratified the appointment of PricewaterhouseCoopers LLP as the Company&#8217;s
      independent registered public accounting firm for the year ended
      December 31, 2019. There were 363,179,245 votes for the proposal;
      8,486,605 votes against the proposal; 554,526 abstentions; and no broker
      non-votes.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 8.01. &#160;&#160;Other Events.</b>
    </p>
    <p>
      On April 30, 2019, the Board appointed: (i) Mary Hogan Preusse as Lead
      Independent Director and Chair of its Nominating and Governance
      Committee; (ii) Frank Lourenso as Chair of its Executive Compensation
      Committee; and (iii) Richard Saltzman as a member of its Audit Committee.
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01. &#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>
      (d) Exhibits
    </p>
    <p style="white-space: nowrap">
      <a href="a51978386ex99_1.htm">99.1</a> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a href="a51978386ex99_1.htm">Press
      Release, dated May 2, 2019 issued by Kimco Realty Corporation</a>
    </p>
    <p>

    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 50%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>KIMCO REALTY CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; width: 50%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date: May 2, 2019
          </p>
        </td>
        <td style="padding-bottom: 2.0px; width: 3%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Glenn G. Cohen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name:
          </p>
        </td>
        <td style="width: 42%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Glenn G. Cohen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Title:
          </p>
        </td>
        <td style="width: 42%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
</html>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51978386ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Kimco
      Realty Announces First Quarter 2019 Results</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>&#8211;
      Increases in Occupancy, Leasing Spreads and Same Property Net Operating
      Income &#8211;</b></font></i>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>&#8211;
      Company Updates 2019 Guidance &#8211;</b></font></i>
    </p>
    <p>

    </p>
    <p>
      NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--May 2, 2019--Kimco Realty Corp.
      (NYSE:KIM) today reported results for the first quarter ended March 31,
      2019. For the three months ended March 31, 2019 and 2018, net income
      available to the company&#8217;s common shareholders was $0.24 per diluted
      share and $0.30 per diluted share, respectively.
    </p>
    <p>
      <u><b>First Quarter Highlights:</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Increased pro-rata occupancy to 96.0%, representing a 20-basis-point
        improvement from the fourth quarter of 2018 and the highest first
        quarter sequential growth level in ten years.
      </li>
      <li style="margin-bottom: 10.0px">
        Generated new leasing spreads of 17.4%, representing the highest
        quarterly increase since the third quarter of 2017 and the 21<sup>st</sup>
        consecutive quarter in which spreads on new leases increased by more
        than 10%.
      </li>
      <li style="margin-bottom: 10.0px">
        Grew same-property net operating income (&#8220;NOI&#8221;) 3.7% over the same
        period in 2018.
      </li>
      <li style="margin-bottom: 10.0px">
        Sold seven properties totaling 691,000 square feet for a gross sales
        price of $101.7 million. Kimco&#8217;s share of the sales price was $84.9
        million.
      </li>
    </ul>
    <p>
      &#8220;We are highly encouraged by our strong start to 2019, driven by robust
      leasing volume, higher tenant retention, and outperformance in
      same-property NOI, all of which demonstrate the appeal of our
      well-located properties to growing retail concepts,&#8221; said Conor Flynn,
      Kimco&#8217;s Chief Executive Officer. &#8220;We continue to see healthy demand for
      space across our portfolio and remain confident in our ability to
      deliver additional growth and shareholder value in 2019,&#160;as reflected by
      the raising of our full-year net income available to the company&#8217;s
      common shareholders and same-property NOI guidance.&#8221;
    </p>
    <p>
      <u><b>Financial Results</b></u>
    </p>
    <p>
      Net income available to the company&#8217;s common shareholders for the first
      quarter of 2019 was $101.6 million, or $0.24 per diluted share, compared
      to $129.5 million, or $0.30 per diluted share, for the first quarter of
      2018. The decrease was primarily due to $29.9 million of lower gains on
      the sales of properties, net of impairments, resulting from the sale of
      76 assets totaling $913.9 million in 2018.
    </p>
    <p>
      NAREIT Funds From Operations (&#8220;FFO&#8221;) was $158.4 million, or $0.38 per
      diluted share, for the first quarter of 2019 compared to $161.4 million,
      or $0.38 per diluted share, for the first quarter of 2018. NAREIT FFO
      for the first quarter of 2019 included $1.0 million of transactional
      income (net of transactional charges). This compares to $3.6 million of
      transactional income (net of transactional charges) in the first quarter
      of 2018.
    </p>
    <p>
      FFO as adjusted available to common shareholders (&#8220;FFO as adjusted&#8221;),
      which excludes the effects of transactional income and charges, was
      $157.4 million, or $0.37 per diluted share, for the first quarter of
      2019 compared to $157.8 million, or $0.37 per diluted share, for the
      first quarter of 2018.
    </p>
    <p>
      A reconciliation of net income available to the company&#8217;s common
      shareholders to NAREIT FFO, FFO as adjusted and same-property NOI is
      provided in the tables accompanying this press release.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Operating Results</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Pro-rata occupancy ended the quarter at 96.0%, representing a
        20-basis-point sequential increase.
      </li>
      <li style="margin-bottom: 10.0px">
        Pro-rata anchor and small shop occupancy ended the quarter at 97.8%
        and 90.6%, respectively.
      </li>
      <li style="margin-bottom: 10.0px">
        Executed a total of 370 leases for 3.0 million square feet with
        pro-rata rental-rate leasing spreads increasing 8.9% during the first
        quarter of 2019. Spreads on new leases increased 17.4% with
        renewals/options growing 7.1%.
      </li>
      <li style="margin-bottom: 10.0px">
        Generated a 3.7% increase in same-property NOI for the first quarter
        of 2019 over the comparable period in 2018 driven by a 3.1% increase
        in minimum rent.
      </li>
    </ul>
    <p>
      <u><b>Investment Activity</b></u>
    </p>
    <p>
      As previously announced, Kimco increased its presence in two high-growth
      markets in Arizona and California with a $31.2 million sale-leaseback
      transaction with Albertsons Companies for three grocery-anchored parcels
      located in existing Kimco shopping centers. The grocery boxes acquired,
      which generate sales of over $775 per square foot on a blended basis,
      include one Vons location in San Diego, California, and two Safeway
      locations in Phoenix, Arizona and Truckee, California.
    </p>
    <p>
      Additionally, during the first quarter, the company sold seven
      properties totaling 691,000 square feet for $101.7 million. Kimco&#8217;s
      share of these sales was $84.9 million. Notable dispositions included <b>Arboretum
      Crossing</b>, in Austin, Texas for $32.5 million; <b>Cave Springs</b>
      shopping center in St. Peters, Missouri for $16.7 million and <b>Palm
      Beach Gardens Plaza</b> in West Palm Beach, Florida for $16.5 million.
    </p>
    <p>
      <u><b>2019 Full Year Guidance</b></u>
    </p>
    <p>
      The company is increasing its 2019 guidance range for Net Income
      available to the company&#8217;s common shareholders and affirming the
      previously provided ranges for NAREIT FFO and FFO as adjusted:
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Guidance (per diluted share)
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Current
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Previous
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Net income available to the company&#8217;s common shareholders:
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          $0.77 to $0.82
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          $0.71 to $0.76
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          NAREIT FFO* &amp; FFO as adjusted*:
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Unchanged
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          $1.44 to $1.48
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>* Reconciliations are provided for these forward-looking non-GAAP
      metrics (NAREIT FFO and FFO as adjusted) in the tables accompanying this
      press release.</i>
    </p>
    <p>
      The company has updated certain components of its 2019 operational
      assumptions as follows:
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Operational Assumptions (Kimco&#8217;s pro-rata share)
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Current
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Previous
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Same-property NOI (excluding redevelopments):
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          1.75% to 2.50%
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          1.50% to 2.50%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Net dispositions:
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <ul>
            <li>
              Dollar volume:
            </li>
            <li>
              Blended cap rate percentage:
            </li>
          </ul>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <ul>
            <li>
              Unchanged
            </li>
            <li>
              7.25% to 7.75%
            </li>
          </ul>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <ul>
            <li>
              $200 million to $300 million
            </li>
            <li>
              7.50% to 8.00%
            </li>
          </ul>
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Combined redevelopment &amp; development investment:
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Unchanged
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="top">
          $275 million to $350 million
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Dividend Declarations</b></u>
    </p>
    <p>
      Kimco&#8217;s board of directors declared a quarterly cash dividend of $0.28
      per common share, payable on July 15, 2019, to shareholders of record on
      July 2, 2019.
    </p>
    <p>
      The board of directors also declared quarterly dividends with respect to
      each of the company&#8217;s Class I, Class J, Class K, Class L and Class M
      series of cumulative redeemable preferred shares. All dividends on the
      preferred shares will be paid on July 15, 2019, to shareholders of
      record on July 1, 2019.
    </p>
    <p>
      <u><b>Financial Statement Presentation Change</b></u>
    </p>
    <p>
      On January 1, 2019, Kimco adopted the accounting framework for leases,
      ASU No. 2016-02, Leases (&#8220;Topic 842&#8221;). The following is a summary of the
      presentation changes within the 2019 Condensed Consolidated Statement of
      Income required by the adoption of the new standard:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        All income related to tenant leases is reflected in a single &#8220;Revenues
        from rental properties, net&#8221; line item.
      </li>
      <li style="margin-bottom: 10.0px">
        The impact of bad debt is now a component and included within the
        single Revenues from rental properties, net line item. This change is
        reflected in 2019 reporting periods but has not been made to 2018
        historical results.
      </li>
    </ul>
    <p>
      Supplemental footnote support has been provided herein for comparability
      purposes. The company&#8217;s Net income available to common shareholders, FFO
      and FFO as adjusted were not impacted by these presentation changes.
    </p>
    <p>
      <u><b>Conference Call and Supplemental Materials</b></u>
    </p>
    <p>
      Kimco will hold its quarterly conference call on Thursday, May 2, 2019,
      at 10:00 a.m. Eastern Daylight Time (EDT). The call will include a
      review of the company&#8217;s first quarter 2019 results as well as a
      discussion of the company&#8217;s strategy and expectations for the future. To
      participate, dial 1-888-317-6003 (Passcode: 4584327).
    </p>
    <p>
      A replay will be available through August 2, 2019, by dialing
      1-877-344-7529 (Passcode: 10128854). Access to the live call and replay
      will be available through the company's website at
      investors.kimcorealty.com.
    </p>
    <p>
      <u><b>About Kimco</b></u>
    </p>
    <p>
      Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT)
      headquartered in New Hyde Park, N.Y., that is one of North America&#8217;s
      largest publicly traded owners and operators of open-air shopping
      centers. As of March 31, 2019, the company owned interests in 430 U.S.
      shopping centers comprising 75 million square feet of leasable space
      primarily concentrated in the top major metropolitan markets. Publicly
      traded on the NYSE since 1991, and included in the S&amp;P 500 Index, the
      company has specialized in shopping center acquisitions, development and
      management for more than 60 years. For further information, please visit <u>www.kimcorealty.com,</u>
      the company&#8217;s blog at blog.kimcorealty.com, or follow Kimco on Twitter
      at <u>www.twitter.com/kimcorealty</u>.
    </p>
    <p>
      The company announces material information to its investors using the
      company&#8217;s investor relations website (investors.kimcorealty.com), SEC
      filings, press releases, public conference calls, and webcasts. The
      company also uses social media to communicate with its investors and the
      public, and the information the company posts on social media may be
      deemed material information. Therefore, the company encourages
      investors, the media, and others interested in the company to review the
      information that it posts on the company&#8217;s blog (blog.kimcorealty.com)
      and social media channels, including Facebook (<u>www.facebook.com/kimcorealty</u>),
      Twitter (<u>www.twitter.com/kimcorealty</u>), YouTube (<u>www.youtube.com/kimcorealty</u>)
      and LinkedIn (<u>www.linkedin.com/company/kimco-realty-corporation</u>).
      The list of social media channels that the company uses may be updated
      on its investor relations website from time to time.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Safe Harbor Statement</b></u>
    </p>
    <p>
      The statements in this news release state the company&#8217;s and management&#8217;s
      intentions, beliefs, expectations or projections of the future and are
      forward-looking statements. It is important to note that the company&#8217;s
      actual results could differ materially from those projected in such
      forward-looking statements. Factors which may cause actual results to
      differ materially from current expectations include, but are not limited
      to, (i) general adverse economic and local real estate conditions, (ii)
      the inability of major tenants to continue paying their rent obligations
      due to bankruptcy, insolvency or a general downturn in their business,
      (iii) financing risks, such as the inability to obtain equity, debt or
      other sources of financing or refinancing on favorable terms to the
      company, (iv) the company&#8217;s ability to raise capital by selling its
      assets, (v) changes in governmental laws and regulations and
      management&#8217;s ability to estimate the impact of such changes, (vi) the
      level and volatility of interest rates and foreign currency exchange
      rates and management&#8217;s ability to estimate the impact thereof, (vii)
      risks related to the company&#8217;s international operations, (viii) the
      availability of suitable acquisition, disposition, development and
      redevelopment opportunities, and risks related to acquisitions not
      performing in accordance with our expectations, (ix) valuation and risks
      related to the company&#8217;s joint venture and preferred equity investments,
      (x) valuation of marketable securities and other investments, (xi)
      increases in operating costs, (xii) changes in the dividend policy for
      the company&#8217;s common and preferred stock and the company&#8217;s ability to
      pay dividends at current levels, (xiii) the reduction in the company&#8217;s
      income in the event of multiple lease terminations by tenants or a
      failure by multiple tenants to occupy their premises in a shopping
      center, (xiv) impairment charges and (xv) unanticipated changes in the
      company&#8217;s intention or ability to prepay certain debt prior to maturity
      and/or hold certain securities until maturity. Additional information
      concerning factors that could cause actual results to differ materially
      from those forward-looking statements is contained from time to time in
      the company&#8217;s SEC filings. Copies of each filing may be obtained from
      the company or the SEC.
    </p>
    <p>
      The company refers you to the documents filed by the company from time
      to time with the SEC, specifically the section titled &#8220;Risk Factors&#8221; in
      the company&#8217;s Annual Report on Form 10-K for the year ended December 31,
      2018, as may be updated or supplemented in the company&#8217;s Quarterly
      Reports on Form 10-Q and the company&#8217;s other filings with the SEC, which
      discuss these and other factors that could adversely affect the
      company&#8217;s results. The company disclaims any intention or obligation to
      update the forward-looking statements, whether as a result of new
      information, future events or otherwise.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          (in thousands, except share information)
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center" colspan="2" valign="top">
          March 31,
        </td>
        <td>

        </td>
        <td style="text-align: center" colspan="2" valign="top">
          December 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          2019
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          2018
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <b>Assets:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Real estate, net of accumulated depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          of $2,393,946 and $2,385,287, respectively
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          9,221,743
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          9,250,519
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Real estate under development
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          275,914
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          241,384
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Investments in and advances to real estate joint ventures
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          566,928
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          570,922
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Other real estate investments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          201,880
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          192,123
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          143,673
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          143,581
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Accounts and notes receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          183,650
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          184,528
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Operating lease right-of-use assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          104,177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          372,235
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          416,043
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          11,070,200
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          10,999,100
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <b>Liabilities:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Notes payable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,383,413
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,381,456
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Mortgages and construction loan payable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          485,341
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          492,416
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Dividends payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          130,444
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          130,262
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Operating lease liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          97,133
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Other liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          553,327
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          560,231
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Total liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          5,649,658
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          5,564,365
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Redeemable noncontrolling interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          23,684
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          23,682
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <b>Stockholders' equity:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Preferred stock, $1.00 par value, authorized 5,996,240 shares;
          issued and outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (in series) 42,580 shares; Aggregate liquidation preference
          $1,064,500
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          43
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          43
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Common stock, $.01 par value, authorized 750,000,000 shares; issued
          and
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          outstanding 422,037,132 and 421,388,879 shares, respectively
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,220
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,214
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Paid-in capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,119,855
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,117,254
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Cumulative distributions in excess of net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (804,241)
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (787,707)
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Total stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,319,877
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,333,804
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Noncontrolling interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          76,981
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          77,249
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Total equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          5,396,858
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          5,411,053
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Total liabilities and equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          11,070,200
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          10,999,100
        </td>
      </tr>
      <tr>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          <b>Condensed Consolidated Statements of Income</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          (in thousands, except per share data)
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="6" valign="top">
          Three Months Ended March 31,
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="2" valign="bottom">
          2019
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="2" valign="bottom">
          2018
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Revenues
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Revenues from rental properties, net
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          290,634
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          299,717
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Management and other fee income
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          4,376
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          4,361
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Total revenues
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          295,010
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          304,078
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Operating expenses
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Rent
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (2,692)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (2,818)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Real estate taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (39,347)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (40,434)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Operating and maintenance
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (40,896)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (43,331)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          General and administrative
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (25,831)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (22,398)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Provision for doubtful accounts
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (2,131)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Impairment charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,175)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (7,646)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Depreciation and amortization
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (71,561)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (81,382)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Total operating expenses
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (184,502)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (200,140)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Gain on sale of properties/change in control of interests
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          23,595
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          56,971
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          134,103
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          160,909
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Other income/(expense)
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Other income, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,622
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,179
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Interest expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (44,395)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (49,943)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Income before income taxes, net, equity in income of joint ventures,
          net,
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          and equity in income from other real estate investments, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          92,330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          117,145
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Provision for income taxes, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (630)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (52)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Equity in income of joint ventures, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          18,754
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          16,913
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Equity in income of other real estate investments, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          9,976
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          116,678
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          143,982
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Net (income)/loss attributable to noncontrolling interests
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (509)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          108
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Net income attributable to the Company
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          116,169
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          144,090
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Preferred dividends
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (14,534)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (14,589)
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Net income available to the Company's common shareholders
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          101,635
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          129,501
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Per common share:
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Net income available to the Company: (2)
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Basic
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.24
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.30
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Diluted
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.24
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (1)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.30
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (1)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Weighted average shares:
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Basic
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          419,464
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          423,404
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Diluted
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          420,763
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          424,521
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="10" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (1) Reflects the potential impact if certain units were converted
            to common stock at the beginning of the period. The impact of the
            conversion would have<br>an anti-dilutive effect on net income and
            therefore have not been included. Adjusted for distributions on
            convertible units of $25 and $244 for the three<br>months ended
            March 31, 2019 and 2018, respectively.
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="10" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (2) Adjusted for earnings attributable from participating
            securities of ($625) and ($599) for the three months ended March
            31, 2019 and 2018, respectively.
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="3">

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td colspan="6">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>Reconciliation of Net Income Available to the Company's Common
          Shareholders to</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>FFO and FFO as Adjusted Available to the Company's Common
          Shareholders</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          (in thousands, except per share data)
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="5" valign="top">
          Three Months Ended March 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          2019
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          2018 (1)
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Net income available to the Company's common shareholders
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          101,635
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          129,501
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gain on sale of properties/change in control of interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (23,595)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (57,423)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gain on sale of joint venture properties
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,690)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (2,039)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Depreciation and amortization - real estate related
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          71,260
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          78,992
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Depreciation and amortization - real estate jv's
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          10,161
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          9,284
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Impairment charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,408
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,714
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Profit participation from other real estate investments, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (1,030)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,728)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (Gain)/loss on marketable securities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (1,503)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,510
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Noncontrolling interests (2)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (248)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (1,418)
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Funds from operations available to the Company's common shareholders
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          158,398
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          161,393
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Transactional income, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (1,000)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          (3,581)
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Funds from operations available to the Company's common shareholders
          as adjusted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          157,398
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          157,812
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Weighted average shares outstanding for FFO calculations:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          419,464
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          423,404
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          927
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          933
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Dilutive effect of equity awards
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          1,182
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          287
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Diluted (3)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          421,573
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          424,624
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          FFO per common share - basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.38
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.38
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          FFO per common share - diluted (3)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.38
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.38
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          FFO as adjusted per common share - diluted (3)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.37
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          0.37
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          (1) Certain amounts have been reclassified in order to conform with
          NAREIT's clarification guidance adopted January 1, 2019.
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          (2) Related to gains, impairments and depreciation on properties,
          where applicable.
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (3) Reflects the potential impact if certain units were converted
            to common stock at the beginning of the period. Funds from
            operations would be<br>increased by $261 and $264 for the three
            months ended March 31, 2019 and 2018, respectively.
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Funds From Operations (&#8220;FFO&#8221;) is a supplemental non-GAAP financial
            measure utilized to evaluate the operating performance of real
            estate companies. Effective<br>January 1, 2019, the Company
            adopted the National Association of Real Estate Investment Trusts
            (&#8220;NAREIT&#8221;) Funds From Operations White Paper &#8211; 2018<br>Restatement
            (&quot;FFO White Paper - 2018 Restatement&quot;) which clarifies, where
            necessary, existing guidance and consolidates alerts and policy
            bulletins into a single<br>document for ease of use. NAREIT
            defines FFO as net income/(loss) available to the Company&#8217;s common
            shareholders computed in accordance with generally<br>accepted
            accounting principles in the United States (&#8220;GAAP&#8221;), excluding (i)
            depreciation and amortization related to real estate, (ii) gains
            or losses from sales of<br>certain real estate assets, (iii) gains
            and losses from change in control, (iv) impairment write-downs of
            certain real estate assets and investments in entities when the<br>impairment
            is directly attributable to decreases in the value of depreciable
            real estate held by the entity and (v) after adjustments for
            unconsolidated partnerships<br>and joint ventures calculated to
            reflect FFO on the same basis. Included in the FFO White Paper -
            2018 Restatement is an option for the Company to make an<br>election
            to include or exclude gains and losses on the sale of assets and
            impairments of assets incidental to its main business in the
            calculation of FFO. In<br>conjunction with the adoption of the FFO
            White Paper - 2018 Restatement, the Company has elected to exclude
            gains/impairments on land parcels, gains/losses<br>(realized or
            unrealized) from marketable securities and gains/impairments on
            preferred equity participations in NAREIT defined FFO.
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            The Company&#8217;s reconciliation of net income available to the
            Company&#8217;s common shareholders to FFO available to the Company&#8217;s
            common shareholders and FFO<br>available to the Company&#8217;s common
            shareholders as adjusted, is reflected in the table above (in
            thousands, except per share data). In conjunction with the adoption<br>of
            NAREIT&#8217;s FFO White Paper &#8211; 2018 Restatement, the Company has
            reclassified $3.5 million from transactional income into FFO
            available to the Company&#8217;s<br>common shareholders for the
            three months ended March 31, 2018, relating to incidental gains
            and losses on the sale of assets and mark-to-market changes in
            equity<br>securities. This reclassification had no impact on FFO
            available to the Company&#8217;s common shareholders as adjusted for the
            three months ended March 31, 2018.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="11" valign="top">
          <b>Reconciliation of Net Income Available to the Company's Common
          Shareholders</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="11" valign="top">
          <b>to Same Property NOI</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="11" valign="top">
          (in thousands)
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="11" valign="top">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="6" valign="top">
          Three Months Ended March 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="2" valign="bottom">
          2019
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="2" valign="bottom">
          2018
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Net income available to the Company's common shareholders
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          101,635
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          129,501
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Adjustments:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Management and other fee income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,376)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,361)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          General and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          25,831
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          22,398
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Impairment charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,175
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,646
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          71,561
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          81,382
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gain on sale of properties/change in control of interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (23,595)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (56,971)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Interest and other expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          41,773
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          43,764
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Provision for income taxes, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          630
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          52
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Equity in income of other real estate investments, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (6,224)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (9,976)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income/(loss) attributable to noncontrolling interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          509
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (108)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Preferred dividends
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          14,534
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          14,589
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Non same property net operating income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (26,258)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (34,995)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Non-operational expense from joint ventures, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          14,793
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          14,372
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          Same Property NOI
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          214,988
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          207,293
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="7" valign="top">
          Certain reclassifications of prior year amounts have been made to
          conform with the current year presentation.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>Reconciliation of Diluted Net Income Available to Common
          Shareholders Per Common Share</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>to Diluted Funds From Operations Available to Common Shareholders
          Per Common Share</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="5" valign="top">
          Projected Range
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" colspan="5" valign="top">
          Full Year 2019
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Low</u>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>High</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Diluted net income available to company's common shareholder
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.77
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.82
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          per common share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Depreciation and amortization - real estate related
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.67
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.70
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Depreciation and amortization - real estate joint ventures,
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          net of noncontrolling interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.09
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.10
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Gain on sale of properties/change in control of interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.08)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.12)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Gain on sale of joint venture properties
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.03)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.04)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Impairments charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.02
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Profit participation from other real estate investments, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          (Gain)/loss on marketable securities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Noncontrolling interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          FFO per diluted common share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1.44
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1.48
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          Transactional (income)/expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          FFO as adjusted per diluted common share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          1.44
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double" valign="bottom">
          1.48
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="9" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Projections involve numerous assumptions such as rental income
            (including assumptions on percentage rent), interest rates, tenant
            defaults, occupancy<br>rates, selling prices of properties held
            for disposition, expenses (including salaries and employee costs),
            insurance costs and numerous other factors. Not<br>all of these
            factors are determinable at this time and actual results may vary
            from the projected results, and may be above or below the range
            indicated. The<br>above range represents management&#8217;s estimate of
            results based upon these assumptions as of the date of this press
            release.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>David F. Bujnicki<br>Senior Vice President, Investor
      Relations and Strategy<br>Kimco Realty Corp.<br>1-866-831-4297<br><u>dbujnicki@kimcorealty.com</u>
    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
