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Is Apple recession proof?, Kimco Realty’s CEO and calling a bottom. 10/27/22

Power Lunch

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Connor, Is There an Opportunity in the Retail World?

According to what I've read, this deal with Albertsons and Kroger is going to provide you with a billion or so of capital after you harvest it all out. Is there a way for you to deploy that now in this time when capital markets are all but frozen? We're reaching all-time high occupancies. You mentioned the enclosed malls are a very different segment over the retail world. The Grosser anchored shopping center is in perfect position to take advantage of the supply and demand imbalance.

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