INVESTOR PRESENTATION FOURTH QUARTER 2020

Embry Village – Atlanta, GA SAFE HARBOR

The statements in this presentation, including targets and assumptions, state the Company’s and management’s hopes, intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the Company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include the key assumptions contained within this presentation, general economic conditions, local real estate conditions, increases in interest rates, foreign currency exchange rates, increases in operating costs, real estate taxes and pandemics or other health crises, such as coronavirus disease 2019 (COVID- 19). 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’s SEC filings, including but not limited to the Company’s Annual Report on Form 10-K. Copies of each filing may be obtained from http://investors.kimcorealty.com/ or the SEC.

Cover: Lincoln Square, , PA Suburban Square, Ardmore, PA KIMCO REALTY SNAPSHOT

400 93.9% Baa1/BBB+ 92%/91% # of Properties Operating Portfolio Moody’s / Q4/Jan. Base Occupancy S&P Ratings Rent Collections*

$

70M SQFT 77.6% $679/SF $2.3B Total Gross Leasable % of ABR from Grocery AVG Grocery Total Liquidity Area (GLA) Anchored Centers Sales/SF

As of 12/31/2020 *As of 2/10/2021 3 WHY KIMCO? • The retail store is the most cost-effective distribution model THE FUTURE OF • 300+ centers with designated curbside pickup spots RETAIL REAL ESTATE • 59% of consumers surveyed are more likely to use curbside pickup following COVID-191 Evolving the to • Buy Online Pick-up In Store (BOPIS) orders surged (208% from April 1 to April 20 versus one year ago2) support retail trends • Industry leading Environmental, Social and Governance (ESG) program • 85% of ABR comes from our top major metro markets (82% coastal & sunbelt) PORTFOLIO QUALITY • 78% of ABR comes from grocery anchored centers High-quality assets provide multiple • Executed 92 new leases for 406,000 square feet, a significant increase in volume over 3Q20 growth levers, tightly clustered in • 11% of ABR is ground leases; 119% mark to market the top 20 major metro markets • Only 14 tenants with ABR exposure greater than 1% NAV CREATION • 99 properties with redevelopment projects totaling $970M and a blended ROI of 8.1%, since 2015 Increase net asset value (NAV) through a • ~5,000 multi-family units entitled or built with plans to expand to 10,000 by 2025 curated collection of mixed-use projects, • Activated The Milton, phase II of a redevelopment at Pentagon Centre, across from Amazon HQ2, redevelopments and active investment management which include 253 multi-family units and 16K SQFT of ground floor retail

• $2.3B in immediate liquidity, including full $2.0B available on unsecured revolving credit facility FINANCIAL STRENGTH • 10.9 years debt maturity profile, one of the longest in the REIT industry Maintain a strong balance sheet • ~320 unencumbered properties, about 80% of the centers in the portfolio and financial flexibility • $700M+ market value of remaining ownership interest in Albertsons grocer (NYSE: ACI)

As of 12/31/2020; ABR is defined as Annual Base Rent 1. CommerceHub Consumer Survey, April 2020 2. CNBC.com April 27, 2020, Adobe Analytics 4 THE FUTURE OF RETAIL REAL ESTATE Retailers Use Stores as Hubs in Response to COVID-19

Using stores to fulfill last mile logistic strategies

Delivery from Store Curbside Pickup Free expedited shipping Order Pickup Same Day Delivery

70% of Q3 online sales Express Delivery 65% of April fulfilled by stores, the Stores enabled ~75% of “The vast majority of offers items delivered our e-commerce online sales hub of our digital sales3 in less than 2 hours fulfillment is out of our omnichannel 3 picked up Growth of store enabled : store base. So what we experience, l from 2,700 stores and curbside or Same day services 200%+ actually have is 1,200- significantly improving l Drive-up 500%+ BOPIS is available at ~60% of online plus forward-deployed shipped from a eCommerce gross l Shipt fulfillment 280%+ orders are picked 4 new warehouses that 1 2 l BOPIS 50%+ over 3,700 stores 5 store margin up in store are fulfilling orders…”6

1. Best Buy 1Q21 Earnings Call transcript; May 2020 4. Walmart 3Q21 Earnings Call transcript; November 2020 2. Dicks 3Q20 Earnings Call transcript; November 2020 5. Home Depot 3Q20 Earnings Call transcript; November 2020 3. Target 3Q20 Earnings Call transcript; November 2020 6. Michaels Companies Virtual Investor Day; September 2020 5 THE FUTURE OF RETAIL REAL ESTATE Store Fulfillment Supporting Online Sales Growth

Albertsons 276% Best Buy 242% Ulta Beauty 200% Target 195% Dick's Sporting Goods 194% Old Navy 136% Lowe's 135% Kroger 127% Home Depot 100% Walmart 97% GAP 95% Kohl's 58% Amazon 43% eBay 35%

0% 50% 100% 150% 200% 250% 300%

Growth is a second quarter, year over year comparison Source: Company reports/Coresight Research 6 THE FUTURE OF RETAIL REAL ESTATE Innovating to Help Our Tenants Thrive and Meet Consumer Needs

• Designated curbside pickup spots for use by all tenants and customers • Helping businesses adapt while allowing customers to shop while feeling safe and comfortable. • Providing small businesses owners new opportunities • The number of BOPIS orders surged 208% between April 1 1 and April 20 compared with a year ago 300+ • 59% said they are more likely to use curbside pickup centers following COVID-192

“We are just thrilled about Kimco’s Curbside Pickup program. We’ve already been offering curbside pickup to our customers since the COVID-19 crisis began, but now with designated parking spots the process will be much more organized, and our customers will feel more comfortable knowing that this is a “normal” part of the shopping experience.” Deborah DeShazo, Owner, Shannon Jewelers @ Grand Parkway Marketplace, Spring, TX

1. CNBC.com April 27, 2020, Adobe Analytics 2. CommerceHub Consumer Survey, April 2020 7 Photo: Grand Parkway Marketplace, Spring, TX THE FUTURE OF RETAIL REAL ESTATE Environmental, Social and Governance (ESG): Responsible Practices

Our Pillars Our Priorities Our Results COMMUNICATE Openly Maintain regular engagement with key AWARDED Nareit’s 2019 JOINED THE FTSE4Good with Our Shareholders stakeholder audiences, reporting accurate Retail Leader in the Light, Index Series for the first information on issues of relevance to those Added to 2020 Dow Jones time audiences Sustainability World Index

EMBRACE the Future of Retail Foster a sense of place at our shopping centers, REACHED ~5,000 multi- INSTALLED Curbside creating people-centered properties that are family units entitled or PickupTM infrastructure at more convenient and accessible built over 300 properties

ENGAGE Our Local Communities Help our tenants succeed and be a positive LAUNCHED a national call DONATED over $279,000 in presence in the communities where we operate center to improve cash, in-kind and employee and live stakeholder responsiveness matching

LEAD in Operations & Resiliency Maximize efficiency of operations and protect ACHIEVED our GHG goal, ISSUED an innovative $2.0 our assets from disruption reducing Scope 1 and 2 billion green credit facility emissions >10% since 2015 tied to climate action

FOSTER an Engaged, Inclusive & Cultivate high levels of employee satisfaction SIGNED the CEO Action CERTIFIED as a Great Ethical Team and ensure diversity at all levels of the for Diversity & Inclusion Place to WorkTM organization Pledge

During 2019 Kimco also formed an ESG Steering Committee and created an innovative Tenant Assistance Program (TAP) to assist tenants during the COVID-19 crisis. Our full 2019 Corporate Sustainability Report is available at kimcorealty.com. The report was prepared in accordance with the Global Reporting Initiative’s (GRI) Sustainability Reporting Standard and incorporates disclosures aligned with the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD). 8 PORTFOLIO QUALITY Portfolio Profile

Local Small Shops(< 5K SQFT) 7% 12% 9%

8% 19% National/Franchise-Based Small Shops (< 5K SQFT) GLA Pro-rata 76% 58% ABR 11% Mid Tier Stores (5K – 10K SQFT)

Did You Know… • 11% of pro-rata ABR comes from Ground Leases primarily to high quality Anchors (> 10K SQFT) institutional tenants • 88% of pro-rata ABR comes from Anchors, Mid Tier Stores, and National/Franchise-Based tenants which typically have stronger credit profiles and greater access to capital

GLA is defined as Gross Leasable Area ABR is defined as Annual Base Rent 9 As of 12/31/2020 PORTFOLIO QUALITY Essential Retail Breakdown by Pro-rata ABR

Essential Retail 44%

Non-Essential Retail 42% Grocery/ Warehouse Clubs/ Soft Goods Pharmacy 21.9% Restaurants 14% 19.3%

% of 5.3% Home Office/ Appliance Sporting Goods/ Hobby Retail Stores 5.0% Pro-rata 4.2% Home Improvement ABR Personal Service 4.3% 3.7% Banking/ Finance

Health Club/ Fitness 4.0% 3.6% Other Essential

Other Non-Essential 3.3% 3.5% Pet Stores/ Veterinary Full Service, QSR, Professional Service 1.6% 3.5% Medical/ Medical Supply 5.4% 8.6% Entertainment/ Gathering Place 1.6% 1.3% Auto Repair & Supply/ Gas Stations

ABR is defined as Annual Base Rent As of 12/31/2020 10 PORTFOLIO QUALITY Tenant Diversity

• Only 14 tenants with ABR exposure greater than 1.0% 4.0% • Scale: 7,300 leases with 3,400 tenants • Stability: Fixed, contractual rents with bumps • Security: Average lease term of 10 years for anchors and 5 years for small shops

2.6%

2.1% 2.0% 1.9% 1.9% 1.7% 1.5% 1.5% 1.4%

As of 12/31/2020, Percentages noted reflect pro-rata annual base rent (ABR) 11 PORTFOLIO QUALITY Growth through Leasing & Value Creation

Combined Lease Spreads and Volume Lease Spreads/Mark To Market

14% 3,000 ▪ Anchor Leases: ➢ ~55% Mark to Market 12% 2,500 ➢ 39% are “Legacy Leases” (20 years or older) 10% 2,000 ➢ 26 leases expiring in 2021 with no option at 8% $10.33 (avg ABR/sf) vs. $15.78 sf new leases 1,500 executed over the TTM

6% Spread % Spread

GLA (000'S) GLA ▪ Ground leases: 11% of Kimco’s Pro Rata ABR 1,000 4% ▪ 4Q20 New Lease Volume: 2% 500 ➢ Executed 92 new leases totaling 406K SF 0% - ➢ Significant increase over 3Q20 (59 deals, 295K SF) 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 ➢ Higher square footage volume than 4Q19 (96 new New Leases Renewals & Options Total Leasing Spreads leases, 344K SF)

12 COVID-19: BUSINESS UPDATE Direct Correlation between Store Openings and Increased Rent Collections

Categories January Q4 Q3 Grocery/ Warehouse Clubs/ Pharmacy 99% 100% 99% Banking/ Finance 99% 100% 99% Pet Stores/ Veterinary 97% 98% 99% Collections Jan. Q4 Q3 Home Office/ Appliance 97% 97% 98% Essential Retail 97% 99% 99% Soft Goods (including Off-Price) 96% 93% 84% Other Retail Services 89% 88% 83% Home Improvement 95% 99% 99% Restaurants 81% 84% 84% Medical/ Medical Supply 95% 98% 98% Sporting Goods/ Hobby Retail Stores 94% 96% 96% Open Store Rate 97% 98% 97% Auto Repair & Supply/ Gas Stations 92% 99% 100% Other Essential 91% 93% 95% Other Non-Essential 90% 93% 95% Professional Service 81% 86% 86% Restaurants 81% 84% 84% Personal Service 75% 80% 81% Health Club/ Fitness 73% 63% 58% Entertainment/ Gathering Place 51% 61% 63% Total 91% 92% 90%

Shown at pro-rata share As of February 10, 2021, all percentages represent approximate amounts 13 COVID-19: BUSINESS UPDATE Direct Correlation between Store Openings and Increased Rent Collections

100% ~95% Month's Open Billings Deferred 75% Collected Since Month End Collected at Month End Pre-COVID Avg. Collections 50%

WAVG deferral

Base Rent Collections Base Rent payback of ~12 25% months as of 12/31

90% 70% 71% 81% 87% 90% 92% 92% 93% 92% 91% Current Collections for the Month 0% Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

Shown at pro-rata share As of February 10, 2021, all percentages represent approximate amounts 14 PORTFOLIO QUALITY Transformed Portfolio

2010 Top Markets 2020 Refocused Core Markets

816 U.S. Properties 507 Sites | 63% ABR 400 U.S. Properties In 20 Top Core Markets 329 Sites | 85% ABR 309 sites | 37% ABR in Other Markets 63 Canada In 20 Top Core Markets l43 Mexico/South America 71 sites | 15% ABR in Other Markets

As of 12/31/2010 and 12/31/2020 15 PORTFOLIO QUALITY 85% of Annual Base Rent comes from our top Major Metro Markets*

Denver

Seattle Portland Major Metro Markets ABR Contribution Boston New York 82% Coastal and Sun Belt Markets San Francisco Philadelphia Sacramento San Jose 3% Other Major Metro Markets Washington D.C. Raleigh-Durham Los Angeles 85% Major Metro Markets Orange County Charlotte San Diego Population growth of 6.3 million projected within the next 5 years Phoenix Orlando

Miami Fort Lauderdale

Austin Dallas Houston Atlanta Tampa

*Markets noted on the map are Kimco’s top major metropolitan markets by percentage of pro-rata ABR as of 12/31/2020 16 NAV CREATION Increase NAV Through a Curated Collection of Mixed-Use Projects and Redevelopments

Completed Q4 18: Phase I Completed Q3 2020 ▪ 330K SQFT Retail, 95% Leased Dania Pointe Completed Q2 20: Phase II & III The Boulevard ▪ 400K SQFT Retail, 88% Leased Dania Beach, FL ▪ 417K SQFT Retail, 67% Leased Staten Island, NY ▪ ShopRite and Chase Bank opened Oct. 2020; ▪ 800 Multi-family Units: Ground Leased Other retailers opening in 2021 ▪ 2 Hotels: Ground Leased

17 NAV CREATION Increase NAV Through a Curated Collection of Mixed-Use Projects and Redevelopments

Pentagon Centre Arlington, VA Across from Amazon’s HQ2

Estimated Cost/Completion: $135.4M/2024 Phase I Completed Q4 2019 Phase II 440 multi-family units, 92% leased 253 self-parking multi-family units The Witmer The Milton 61% retention with positive lease spreads 16K SQFT of ground floor retail

18 NAV CREATION Future Opportunities

Western Region Northern Region • The Marketplace at Factoria • Memorial Plaza • Concourse Plaza • Jantzen Beach Center • Washington St. Plaza • Airport Plaza • Westlake S.C. • Wilton Campus • North Ave Plaza • Freemont Hub • Munsey Park • Jericho Commons/ • Cupertino Village • Kissena Boulevard S.C. Milleridge Inn • Whittwood Town Center • The District at Tustin Legacy • North County Plaza • Northridge S.C. Multi-family Entitlements • Englewood Plaza 2025 Goal: • East Bank S.C. 10,000 Units • Magnolia Square • Christown Spectrum Future Southern Region Entitlements • Cityplace Market • Gaithersburg S.C. • Montgomery Plaza • Gordon Plaza • Suburban Square* • Promenade at Christiana • Hickory Ridge • South Miami • Kentlands Market Square* • Winn Dixie – Miami 41 Potential Projects Units Entitled, 3,718 • Pentagon Centre* • Center of the Hills 4,984 Units • Mill Station* • Cypress Creek Station 34 Mixed Use / 7 Master Planning • Towson Place • Oakwood Plaza 1.7M SF Retail GLA in Scope** • Dania Pointe* ** • Braelinn Village Multi-family Units Units Built, 1,266 • Camino Square >9,000

*Future Phases **Excludes Retail GLA in Scope and Residential Units for 7 projects in Master Planning 19 FINANCIAL STRENGTH Liquidity to Withstand COVID-19 Uncertainty

$2.3 Cash, $0.3B Additional Sources: $2.0 ❖ Unencumbered Properties ~80% of our properties (~320); ~85% of our Total NOI $1.8 ❖ Albertsons (NYSE:ACI) Marketable Securities * $1.5 Valuation: $700M+ Additional Uses: $1.3 Revolving Credit Facility, $2.0B Full $2.0B available on ❖ 2021 Debt Maturities of ~$190M Billions $1.0 unsecured revolving credit facility (+$750M accordion $0.8 feature) priced at LIBOR + 76.5bps, final maturity in 2025 Committed to: $0.5 ❖ Strong investment grade ratings BBB+ S&P / Baa1 Moody’s $0.3 ❖ Lower Net Debt / EBITDA Spend on (Re)development, $0.2B 7.1x Consolidated / 7.9x Pro-rata1 $0.0 Sources Uses ❖ Increase Fixed Charge Coverage of 3.3x Total $2.3B Total $0.2B

*Every 6 months Kimco can monetize another 25% of it’s shares held pre-IPO As of 12/31/2020, shown at pro-rata share 20 FINANCIAL STRENGTH Well-Staggered Debt Maturities

Consolidated and Pro-rata Joint Venture Debt 27% 1,800 Consolidated Debt Joint Venture Debt Fixed Rate 3.41%* Fixed Rate 3.98%* 1,600 Floating Rate N/A Floating Rate 1.63%* 1,400 WAVG Term 10.9 Yrs WAVG Term 3.9 Yrs Secured Debt 6% Secured Debt 88% 1,200 Unsecured Debt 94% Unsecured Debt 12%

1,000 13% Debt in Millions in Debt

800 10% 8% 8% 9% 7% 8% 600 7%

400 3% 0% 200

0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Thereafter

As of 12/31/2020 One of the longest debt maturity profiles in the REIT industry Percentages are annual maturities of total pro-rata debt stack *Weighted average 21 WHY KIMCO?

THE FUTURE PORTFOLIO NAV CREATION FINANCIAL OF RETAIL REAL QUALITY STRENGTH ESTATE

High-quality assets Increase net asset value Evolving the provide multiple (NAV) through a curated Maintain a strong shopping center to growth levers, tightly collection of mixed-use projects, balance sheet and support retail trends clustered in the top redevelopments and financial flexibility 20 major metro active investment markets management

22 Live,Work,&Play at SUBURBAN SQUARE, Ardmore, PA APPENDIX RECONCILIATION OF NON GAAP MEASURES Net Income/(Loss) to EBITDA & Net Debt/EBITDA Calculations

Net income $ 201,799 Net Debt / EBITDA Calculation Interest of $2,398,588, 45,887 $2,345,766 and $2,115,320, respectively Depreciation and amortization 74,295 Net Debt $ 5,062,292 Gain on sale of properties (787) Annualized Consolidated EBITDA $ 711,220 Gain on sale of JV properties (30) Net Debt to Consolidated EBITDA 7.1x Impairment charges 4,043 Profit participation from other real estate investments, net 2,210 Gain on marketable securities (150,108) Provision for income taxes 496 Net Debt / EBITDA Calculation Pro-Rata (Including Preferreds) Consolidated EBITDA $ 177,805 Annualized Consolidated EBITDA 711,220 Net Debt (Pro-rata Share with JV) $ 5,628,238 Preferred Stock 489,500 Consolidated EBITDA $ 177,805 Debt $ 6,117,738 Prorata share of interest expense - real estate JV's 5,297 Prorata share of depreciation and amortization - real estate JV's 9,658 Annualized Pro-rata EBITDA $ 771,040 EBITDA including prorata share - JV's $ 192,760 Annualized Pro-rata EBITDA 771,040 Net Debt and Preferred to Pro-rata EBITDA (including preferreds) 7.9x Debt $ 5,355,480 Cash 293,188 Net Debt $ 5,062,292

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