Investments in and Advances to Real Estate Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Equity Method Investments

The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at March 31, 2025 and December 31, 2024 (in millions, except number of properties and GLA):

	Noncontrolling Ownership Interest	The Company’s Investment
Joint Venture	As of March 31, 2025	March 31, 2025		December 31, 2024
Prudential Investment Program	15.0%	$	127.7	$	133.3
Kimco Income Opportunity Portfolio (“KIR”)	52.1%		288.6		289.1
R2G Venture LLC (“R2G”)	51.5%		409.9		411.8
Canada Pension Plan Investment Board (“CPP”)	55.0%		204.3		202.8
Other Institutional Joint Ventures	Various		234.8		237.7
Other Joint Venture Programs	Various		211.5		213.0
Total*		$	1,476.8	$	1,487.7

* Represents 115 property interests, 48 other property interests and 25.0 million square feet of GLA, as of March 31, 2025, and 116 property interests, 48 other property interests and 25.1 million square feet of GLA, as of December 31, 2024.

Schedule of the Company's Share of Net Income/(Loss)

The table below presents debt balances within the Company’s unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at March 31, 2025 and December 31, 2024 (dollars in millions):

	As of March 31, 2025							As of December 31, 2024
Joint Venture	Mortgages and Notes Payable, Net		Weighted Average Interest Rate			Weighted Average Remaining Term (months)*		Mortgages and Notes Payable, Net		Weighted Average Interest Rate			Weighted Average Remaining Term (months)*
Prudential Investment Program	$	267.8		5.38	%		29.2	$	268.5		5.47	%		19.6
KIR		274.0		4.70	%		24.2		273.9		5.82	%		27.2
R2G		69.2		2.90	%		71.7		68.7		2.90	%		74.6
CPP		80.3		4.88	%		16.0		80.6		4.88	%		19.0
Other Institutional Joint Ventures		234.9		5.99	%		20.7		234.7		5.76	%		23.7
Other Joint Venture Programs		544.9		4.96	%		37.8		547.3		4.98	%		40.8
Total	$	1,471.1						$	1,473.7

* Includes extension options

Joint Ventures [Member]

Schedule of Equity Method Investments

The table below presents the Company’s share of net income for the above investments, which is included in Equity in income of joint ventures, net on the Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024 (in millions):

	Three Months Ended March 31,
Joint Venture	2025		2024
Prudential Investment Program	$	3.1	$	2.3
KIR		10.1		9.7
R2G	2.3			1.7
CPP		3.2		2.1
Other Institutional Joint Ventures		1.1		1.4
Other Joint Venture Programs		2.9		3.7
Total	$	22.7	$	20.9