Kimco Realty : First Quarter 2023 Environmental, Social and Governance at Kimco

Environmental,

Social, and

Governance

at Kimco Realty®

ESG First Quarter 2023

2200 Westlake

Seattle, WA

Safe Harbor

This communication contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "expect," "intend," "commit," "anticipate," "estimate," "project," "will," "target," "forecast" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company's control and could materially affect actual results, performances or achievements. 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) the reduction in the Company's income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (iv) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (v) the Company's ability to raise capital by selling its assets, (vi) increases in operating costs due to inflation and supply chain issues, (vii) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company following the merger between Kimco and Weingarten Realty Investors (the "Merger"), (viii) the possibility that, if the Company does not achieve the perceived benefits of the Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company's common stock could decline, (ix) changes in governmental laws and regulations and management's ability to estimate the impact of such changes, (x) valuation and risks related to the Company's joint venture and preferred equity investments, (xi) valuation of marketable securities and other investments, including the shares of Albertsons Companies, Inc. common stock held by the Company, (xii) impairment charges, (xiii) pandemics or other health crises, such as coronavirus disease 2019 ("COVID-19"), (xiv) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xv) the level and volatility of interest rates and management's ability to estimate the impact thereof, (xvi) changes in the dividend policy for the Company's common and preferred stock and the Company's ability to pay dividends at current levels, (xvii) unanticipated changes in the Company's intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity, and (xviii) the other risks and uncertainties identified under Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year-ended December 31, 2021. Accordingly, there is no assurance that the Company's expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes in the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that the Company files with the Securities and Exchange Commission ("SEC").

Furthermore, while future events discussed in this communication may be significant, any significance should not be read as necessarily rising to the level of materiality of certain disclosures included in our SEC filings. In addition, non-financial information, such as that included in parts of this communication, is subject to greater potential limitations than financial information, given the methods used for calculating or estimating such information. In addition, many of the standards and performance metrics used and referred to in the environmental, social and governance-related goals, targets and commitments set forth or referred to in this communication continue to evolve and are based on management expectations and assumptions believed to be reasonable at the time of preparation, but should not be considered guarantees. The standards and performance metrics used, and the expectations and assumptions they are based on, have not unless otherwise expressly specified, been verified by any third party. Additionally, our disclosures based on certain third-party frameworks may change due to revisions in framework requirements, availability of information, changes in our business or applicable governmental communication, or other factors, some of which may be beyond our control

Environmental, Social, and Governance at Kimco Realty®

2

Oak Forest

Houston, TX

Table of Contents

4 Kimco Realty® ESG Leadership

12 Environmental Platform

22 Social Platform

31 Governance Platform

Environmental, Social, and Governance at Kimco Realty®

3

Kimco Realty®

ESG Leadership

The District @ Tustin Legacy
Tustin, CA
Environmental, Social, and Governance at Kimco Realty®	4

Longstanding History of ESG at Kimco Realty

ESG

1958	2011	2012
KIM Founded	Colombe	Dedicated
on a handshake	Nicolaus	ESG Team
1991	appointed to	formed
the Board
KIM IPO	(2021 retired)
launched
Modern
REIT Era
2006
KIM named
to S&P 500

ESG Foundation Building

Kimco Realty and ESG Governance

2016	2017	2018
Conor Flynn	Mary	Valerie
appointed	Hogan	Richardson
CEO &	Preusse	appointed to
Board	appointed	the Board
Member	to the
	Board

2014

2019	2020	2021
Established	Henry	Merger with
ESG Steering	Moniz	Weingarten
Committee	appointed	Realty
	to the	Investors
	Board

ESG Leadership

2019	2021
Launched	Launched

2022

ESG incorporated into compensation across leadership team

2022

Published

LEADERSHIP

	2011
	KIM
	officially
	starts
	reporting on
2010	ESG by it
initial
Installed	participation
first rooftop	in GRESB
solar array	& CDP

2012

Launched
portfolio wide	2013
recycling
program and	Installed
utility	first EV
management	charging
initiative	station

Published first, GRI - aligned Corporate Responsibility Report

2014	2015	2017	2018
Launched	Launched	KimCares
LED lighting	water	scholarships	KimCares
retrofit	management	and benefit	recognition
initiative	efforts	enhancements	program

ESG Initiatives

Diversity, Equity,	2020	Councils:
Giving,
and Inclusion	Created
Wellness,
council
Tenant
Sustainability,
2019
Assistance
Tenant
Launched national	Program	Engagement
call center	2020	2021
2019
Issued	Investment in
Aligned ESG	$500M	Fifth Wall's
reporting with	Green	Climate Tech
TCFD and SASB	Bond	Fund

first Workforce Diversity Report (EEO-1)

2022	2023
Launched
Milton	Launched
Cooper	Employee
Trailblazer in	Resource
Real Estate	Groups
Award

Environmental, Social, and Governance at Kimco Realty®

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