Kimco Realty Corporation (NYSE:KIM) Q4 2022 Earnings Call Transcript

So for those companies that have recently acquired multifamily or industrial or self-storage, chances are that they are not looking to move those assets today, at a price that is lower than what they obtained those assets just in the last 12 or 24 months. On the opposite end of the spectrum, there is other asset classes that are much more challenged in terms of an investment profile and the ability to move those assets. So, we do expect that open-air grocery is an asset class that has retained its value as well as any, so that’s what we are sort of waiting for, and those are the conversations that we’re actively having each and every day.

Operator: That is all the time we have for today’s question-and-answer session. I would like to turn the floor back over to David Bujnicki for closing remarks.

David Bujnicki: We’d just like to thank everybody who joined our call today. Otherwise, enjoy the rest of your day. Thank you.

Operator: Conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.