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April 6, 2020, 6:30 a.m. EDT

Kimco CEO tests positive for COVID-19, continues to perform CEO responsibilities

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By Tomi Kilgore

Kimco Realty Corp. /zigman2/quotes/202836571/composite KIM -4.93% disclosed Monday that Chief Executive Conor Flynn has tested positive for the COVID-19 virus. The real estate investment trust, which operates open-air shopping centers, said Flynn was tested after showing mild symptoms. He has continued to perform his responsibilities as CEO "at all times," the company said. "The company maintains full succession plans for all senior executives including temporary delegation of responsibilities to other leaders within the organization if necessary for any reason," Kimco said in a filing with the Securities and Exchange Commission. The stock, which rose 4.4% in premarket trading, has tumbled 62.5% year to date through Friday, while the SPDR Real Estate Select Sector ETF /zigman2/quotes/207325179/composite XLRE -2.87% has lost 24.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.37% has declined 23.0%.

/zigman2/quotes/202836571/composite
US : U.S.: NYSE
$ 10.79
-0.56 -4.93%
Volume: 3.85M
Sept. 23, 2020 4:02p
P/E Ratio
4.78
Dividend Yield
3.71%
Market Cap
$4.91 billion
Rev. per Employee
$2.16M
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/zigman2/quotes/207325179/composite
US : U.S.: NYSE Arca
$ 33.85
-1.00 -2.87%
Volume: 4.33M
Sept. 23, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,236.92
-78.65 -2.37%
Volume: 2.45B
Sept. 23, 2020 4:20p
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