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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues from rental properties, net $ 496,221 $ 439,008 $ 995,126 $ 877,346
Management and other fee income 4,010 3,832 8,859 8,386
Total revenues 500,231 442,840 1,003,985 885,732
Operating expenses        
Rent (4,226) (4,145) (8,505) (8,158)
Real estate taxes (66,182) (57,621) (129,542) (115,127)
Operating and maintenance (87,749) (75,073) (173,523) (150,315)
General and administrative (33,090) (32,734) (69,388) (67,483)
Impairment charges (201) 0 (3,902) (11,806)
Merger charges 0 0 (25,246) 0
Depreciation and amortization (148,148) (129,245) (302,867) (255,546)
Total operating expenses (339,596) (298,818) (712,973) (608,435)
Gain on sale of properties 75 13,170 393 52,376
Operating income 160,710 157,192 291,405 329,673
Other income/(expense)        
Special dividend income 0 0 0 194,116
Other income, net 5,661 7,571 17,750 10,703
(Loss)/gain on marketable securities, net (6) 14,561 (27,692) 4,417
Interest expense (73,341) (60,674) (147,906) (121,980)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 93,024 118,650 133,557 416,929
Provision for income taxes, net (217) (31,027) (72,227) (61,856)
Net income 122,052 109,270 113,014 403,046
Net income attributable to noncontrolling interests (2,314) (2,644) (4,250) (6,657)
Net income attributable to the Company 119,738 106,626 108,764 396,389
Preferred dividends, net (7,961) (6,200) (15,903) (12,451)
Net income available to the Company's common shareholders $ 111,777 $ 100,426 $ 92,861 $ 383,938
Per common share:        
-Basic (in dollars per share) $ 0.17 $ 0.16 $ 0.14 $ 0.62
-Diluted (in dollars per share) $ 0.17 $ 0.16 $ 0.14 $ 0.62
Weighted average shares:        
-Basic (in shares) 671,198 617,077 670,658 616,785
-Diluted (in shares) 671,384 617,257 670,839 619,749
Joint Ventures [Member]        
Other income/(expense)        
Equity in income, net $ 21,527 $ 17,128 $ 42,432 $ 41,332
Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income, net 7,718 4,519 9,252 6,641
Kimco Realty OP, LLC [Member]        
Revenues        
Revenues from rental properties, net 496,221 439,008 995,126 877,346
Management and other fee income 4,010 3,832 8,859 8,386
Total revenues 500,231 442,840 1,003,985 885,732
Operating expenses        
Rent (4,226) (4,145) (8,505) (8,158)
Real estate taxes (66,182) (57,621) (129,542) (115,127)
Operating and maintenance (87,749) (75,073) (173,523) (150,315)
General and administrative (33,090) (32,734) (69,388) (67,483)
Impairment charges (201) 0 (3,902) (11,806)
Merger charges 0 0 (25,246) 0
Depreciation and amortization (148,148) (129,245) (302,867) (255,546)
Total operating expenses (339,596) (298,818) (712,973) (608,435)
Gain on sale of properties 75 13,170 393 52,376
Operating income 160,710 157,192 291,405 329,673
Other income/(expense)        
Special dividend income 0 0 0 194,116
Other income, net 5,661 7,571 17,750 10,703
(Loss)/gain on marketable securities, net (6) 14,561 (27,692) 4,417
Interest expense (73,341) (60,674) (147,906) (121,980)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 93,024 118,650 133,557 416,929
Provision for income taxes, net (217) (31,027) (72,227) (61,856)
Net income 122,052 109,270 113,014 403,046
Net income attributable to noncontrolling interests (2,123) (2,644) (4,074) (6,657)
Net income attributable to the Company 119,929 106,626 108,940 396,389
Preferred dividends, net (7,961) (6,200) (15,903) (12,451)
Net income available to the Company's common shareholders $ 111,968 $ 100,426 $ 93,037 $ 383,938
Per common share:        
-Basic (in dollars per share) $ 0.16 $ 0.16 $ 0.14 $ 0.62
-Diluted (in dollars per share) $ 0.16 $ 0.16 $ 0.14 $ 0.62
Weighted average shares:        
-Basic (in shares) 675,189 617,077 674,572 616,785
-Diluted (in shares) 675,374 617,257 674,753 619,749
Kimco Realty OP, LLC [Member] | Joint Ventures [Member]        
Other income/(expense)        
Equity in income, net $ 21,527 $ 17,128 $ 42,432 $ 41,332
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income, net $ 7,718 $ 4,519 $ 9,252 $ 6,641