Foot traffic at Kimco Realty’s shopping centers has returned to pre-pandemic levels, CEO Conor Flynn told CNBC on Thursday.
“Traffic is back to 2019 levels, and we have a real playbook now that we can follow thanks to all the lessons learned through the pandemic,” Flynn said on “The Exchange.” “We launched curbside pickup and … the last-mile shopping center typically that we own is grocery anchored, and it gives the consumer the way that they want to shop, the optionality that I think is so important to consumers today.”
Kimco, which operates about 400 shopping centers in the U.S., reported strong second-quarter earnings earlier Thursday. It posted funds from operations of 34 cents per share, better than estimates of 31 cents, according to StreetAccount. Revenue of $289 million topped forecasts of $272 million.