Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Reconciliation of Kimco OPs Earnings and Weighted-average Number of Shares Used in Calculation of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation of earnings and the weighted-average number of shares used in the calculation of basic and diluted earnings per share (amounts presented in thousands, except per share data):

	For the Year Ended December 31,
	2024			2023			2022
Computation of Basic and Diluted Earnings Per Share:
Net income available to the Company's common shareholders	$	375,718		$	629,252		$	100,758
Change in estimated redemption value of redeemable noncontrolling    interests		(1,691	)		2,323			-
Earnings attributable to participating securities		(2,766	)		(2,819	)		(2,182	)
Net income available to the Company’s common shareholders for basic    earnings per share		371,261			628,756			98,576
Distributions on convertible units		-			53			-
Net income available to the Company’s common shareholders for diluted    earnings per share	$	371,261		$	628,809		$	98,576
Weighted average common shares outstanding – basic		671,561			616,947			615,528
Effect of dilutive securities (1):
Equity awards		523			1,132			2,283
Assumed conversion of convertible units		52			120			47
Weighted average common shares outstanding – diluted		672,136			618,199			617,858
Net income available to the Company's common shareholders:
Basic earnings per share	$	0.55		$	1.02		$	0.16
Diluted earnings per share	$	0.55		$	1.02		$	0.16

(1)The effect of the assumed conversion of certain convertible units and convertible preferred stock had an anti-dilutive effect upon the calculation of Net income available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 0.3 million stock options that were not dilutive as of December 31, 2022.

The following table sets forth the reconciliation of Kimco OP’s earnings and the weighted-average number of units used in the calculation of basic and diluted earnings per unit (amounts presented in thousands except per unit data):

	For the Year Ended December 31,
	2024			2023			2022
Computation of Basic and Diluted Earnings Per Unit:
Net income available to Kimco OP’s common unitholders	$	376,373		$	629,252		$	100,758
Change in estimated redemption value of redeemable noncontrolling    interests		(1,691	)		2,323			-
Earnings attributable to participating securities		(2,883	)		(2,819	)		(2,182	)
Net income available to Kimco OP’s common unitholders    for basic earnings per unit		371,799			628,756			98,576
Distributions on convertible units		-			53			-
Net income available to Kimco OP’s common shareholders for diluted    earnings per unit	$	371,799		$	628,809		$	98,576
Weighted average common units outstanding – basic		672,512			616,947			615,528
Effect of dilutive securities (1):
Equity awards		523			1,132			2,283
Assumed conversion of convertible units		51			120			47
Weighted average common units outstanding – diluted		673,086			618,199			617,858
Net income available to Kimco OP’s common unitholders:
Basic earnings per unit	$	0.55		$	1.02		$	0.16
Diluted earnings per unit	$	0.55		$	1.02		$	0.16

(1)The effect of the assumed conversion of certain convertible units and convertible preferred units had an anti-dilutive effect upon the calculation of Net income available to Kimco OP’s common unitholders per unit. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per unit calculations.