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

6 Months Ended

Jun. 30, 2025

Schedule of Equity Method Investments

The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at June 30, 2025 and December 31, 2024 (in millions, except number of properties and GLA):

	Noncontrolling Ownership Interest	The Company’s Investment
Joint Venture	As of June 30, 2025	June 30, 2025		December 31, 2024
Prudential Investment Program	15.0%	$	127.5	$	133.3
Kimco Income Opportunity Portfolio (“KIR”)	52.1%		287.0		289.1
R2G Venture LLC (“R2G”)	51.5%		407.5		411.8
Canada Pension Plan Investment Board (“CPP”)	55.0%		203.3		202.8
Other Institutional Joint Ventures	Various		232.6		237.7
Other Joint Venture Programs	Various		209.0		213.0
Total*		$	1,466.9	$	1,487.7

* Represents 115 property interests, 48 other property interests and 24.9 million square feet of GLA, as of June 30, 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 June 30, 2025 and December 31, 2024 (dollars in millions):

	As of June 30, 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	$	266.9		5.38	%		26.3	$	268.5		5.47	%		19.6
KIR		274.1		4.70	%		21.2		273.9		5.82	%		27.2
R2G		69.7		2.90	%		68.7		68.7		2.90	%		74.6
CPP		80.0		4.88	%		13.1		80.6		4.88	%		19.0
Other Institutional Joint Ventures		235.1		5.31	%		17.7		234.7		5.76	%		23.7
Other Joint Venture Programs		542.3		5.00	%		36.3		547.3		4.98	%		40.8
Total	$	1,468.1						$	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 Income for the three and six months ended June 30, 2025 and 2024 (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
Joint Venture	2025		2024		2025		2024
Prudential Investment Program	$	2.3	$	4.1	$	5.4	$	6.4
KIR		8.2		8.7		18.3		18.4
R2G		2.0		2.5		4.3	4.2
CPP		3.0		2.4		6.2		4.6
Other Institutional Joint Ventures		1.0		1.0		2.1		2.4
Other Joint Venture Programs (1)		7.5		2.8		10.4		6.4
Total	$	24.0	$	21.5	$	46.7	$	42.4

(1)During the three months ended June 30, 2025, the Company recognized $4.7 million of equity in income related to the restructuring of a joint venture.