Commercial REIT Kimco tops Q3 revenue estimates on strong leasing demand

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Kimco Realty, a commercial real estate investment trust, topped market expectations for third-quarter revenue on Thursday, helped by higher rental rates and steady demand at its grocery-anchored shopping centers. Kimco has benefited from the dwindling availability of rental spaces, which has allowed landlords to bump up rental rates. It said in August it would acquire peer RPT Realty, whose tenants include TJ Maxx stores, Dollar Tree and Ross Stores.
 
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