GLYPH<T_h> e Qualities of Kimco  Strength in Relationships LOOKING AHEAD Seeking opportunities to grow  along with retailers as they expand  store counts – both in the U.S. and  internationally… Leveraging joint- venture capital for competitive  advantage as we seek to upgrade our  shopping center portfolio and enhance  returns. Our strong relationships also extend to  our investment partners. Institutional  investors turn to Kimco for our  experience and track record of solid  returns. In exchange, we gain access to  a source of lower-cost capital untapped  by many REITs – an advantage when  it comes to acquiring high-quality  shopping centers. When a chain is expanding, we use our  knowledge and experience with the  retailer – and the size of our portfolio  – to quickly find the right locations,  efficiently and profitably. Conversely,  when a retailer is contracting or going  out of business, its relationship with  Kimco often means we are first in line  to take advantage of retailer-owned  real estate buying opportunities. We  also help struggling retailers reorganize  and maximize the value of their real  estate assets – by buying, selling,  redeveloping or finding new tenants  – so they can stay in business, and  together we can share in the value  creation. With more than a half century in retail  real estate, Kimco enjoys some of the  strongest retailer relationships in the  industry. Our typical national retailer  relationship spans two decades or  more. Such longevity and familiarity  translate into marketplace advantage. 8