Mexican real estate investment trust (REIT) Fibra Shop said its shareholders had approved the purchase of three shopping centers in the country worth around 1.5 billion pesos ($116 million). The shopping centers belonged to U.S. REIT Kimco Realty Corp and were in the states of Morelos next to Mexico City, Chiapas in the south and Sonora in the northwest, Fibra Shop said in a statement on Thursday.
Kimco Realty Corp. is a real estate investment trust (REIT) that owns and operates North America?s largest portfolio of neighborhood and community shopping centers. Shares of KIM traded higher by 1.86% or $0.43/share to $23.54. In the past year, the shares have traded as low as $19.22 and as high as $23.55. On average, 2578610 shares of KIM exchange hands on a given day and today's volume is recorded at 2542439.
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