0001157523-21-001352.txt : 20211105 0001157523-21-001352.hdr.sgml : 20211105 20211105065221 ACCESSION NUMBER: 0001157523-21-001352 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20211105 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20211105 DATE AS OF CHANGE: 20211105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KIMCO REALTY CORP CENTRAL INDEX KEY: 0000879101 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 132744380 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10899 FILM NUMBER: 211382258 BUSINESS ADDRESS: STREET 1: 500 NORTH BROADWAY STREET 2: SUITE 201, P.O. BOX 9010 CITY: JERICHO STATE: NY ZIP: 11753 BUSINESS PHONE: (516) 869-9000 MAIL ADDRESS: STREET 1: 500 NORTH BROADWAY STREET 2: SUITE 201 CITY: JERICHO STATE: NY ZIP: 11753 8-K 1 a52522651.htm KIMCO REALTY CORPORATION 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) November 5, 2021

KIMCO REALTY CORPORATION
 (Exact Name of registrant as specified in its charter)

Maryland
 
1-10899
 
13-2744380
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

500 N. Broadway
Suite 201
Jericho, New York 11753
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (516) 869-9000

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on
which registered
Common Stock, par value $.01 per share.
KIM
New York Stock Exchange
Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
KIMprL
New York Stock Exchange
Depositary Shares, each representing one-thousandth of a share of 5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
KIMprM
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02.   Results of Operations and Financial Condition.

On November 5, 2021, Kimco Realty Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2021. A copy of the press release is furnished as Exhibit 99.1 to this Current Report. The information in this Item 2.02 and in Exhibit 99.1 is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. The information in this this Item 2.02 and in Exhibit 99.1 shall not be deemed to be incorporated by reference into any filing of the Company whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01.   Financial Statements and Exhibits.

(d) Exhibits

99.1
 Press Release, dated November 5, 2021 issued by Kimco Realty Corporation
 
 
104
 Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
KIMCO REALTY CORPORATION
 
 
Date: November 5, 2021
By:
/s/ Glenn G. Cohen
 
 
Name:
Glenn G. Cohen
 
 
Title:
Chief Financial Officer


EX-99.1 2 a52522651ex99_1.htm EXHIBIT 99.1
Exhibit 99.1

Kimco Realty Announces Third Quarter 2021 Results

– Strong Operating Results from the Expanded Portfolio Following Strategic Merger –

– Raises 2021 Outlook –

JERICHO, N.Y.--(BUSINESS WIRE)--November 5, 2021--Kimco Realty Corp. (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and mixed-use assets, today reported results for the third quarter ended September 30, 2021. For the three months ended September 30, 2021 and 2020, Kimco’s net income/(loss) available to the company’s common shareholders was $0.91 per diluted share and ($0.10) per diluted share, respectively.

Third Quarter Highlights:

  • Completed the strategic merger with Weingarten Realty Investors on August 3, 2021.
  • Produced FFO of $0.32 per diluted share, which includes merger-related costs of $47.0 million, or $0.08 per diluted share.
  • Grew pro-rata portfolio occupancy 20 basis points sequentially to 94.1%.
  • Increased pro-rata small shop occupancy 180 basis points sequentially to 87.3%.
  • Signed 411 leases totaling 2.1 million square feet of gross leasable area (GLA).
  • Same property Net Operating Income (NOI), which excludes the impact of the Weingarten Realty portfolio, grew 12.1% over the prior year.
  • Ended the quarter with Kimco’s investment in Albertsons Companies Inc. (NYSE: ACI) common stock valued at over $1.2 billion.
  • Achieved an “A” rating from the Global Real Estate Sustainability Benchmark (GRESB) for both Public Disclosure and Real Estate Performance Assessment placing Kimco as the top company in its respective US Retail peer group. Additionally, Kimco was again named as a constituent of the FTSE4Good Index Series and was certified as a Great Place to Work® company for the 4th consecutive year.

Kimco CEO Conor Flynn commented, “We are extremely proud to have completed another quarter where leasing volume exceeded two million square feet, bringing year-to-date leasing to 6.7 million square feet. We remain committed to ‘leasing, leasing and leasing,’ and our success continues to validate the importance and value of the real estate we own. With the strategic addition of the Weingarten portfolio and our highly desirable open-air, last-mile grocery-anchored centers in growing markets, we are excited to again raise our outlook for 2021 as we embrace the opportunity to create additional value for shareholders.”

Financial Results:

Net income/(loss) available to the company’s common shareholders for the third quarter of 2021 was $501.4 million, or $0.91 per diluted share, compared to ($44.7) million, or ($0.10) per diluted share, for the third quarter of 2020. The year-over-year change includes:

  • $534.1 million increase in gain on marketable securities, primarily as a result of the mark-to-market fluctuations on 39.8 million shares of common stock of Albertsons Companies, Inc. (NYSE: ACI) held by the company which was valued at over $1.2B at the end of the third quarter of 2021.
  • $26.6 million improvement in consolidated credit loss on potentially uncollectible accounts receivable.
  • $7.5 million less in charges related to early extinguishment of debt.
  • $47.0 million in charges during the third quarter of 2021 related to the merger with Weingarten Realty.

NAREIT Funds From Operations (FFO) was $173.7 million, or $0.32 per diluted share, for the third quarter of 2021 and includes merger charges with Weingarten Realty of $47.0 million, or $0.08 per diluted share. NAREIT FFO was $106.7 million, or $0.25 per diluted share, for the third quarter 2020. A reconciliation of net income available to the company’s common shareholders to NAREIT FFO is provided in the tables accompanying this press release.

Operating Results:

  • Pro-rata portfolio occupancy ended the quarter at 94.1%, an increase of 20 basis points sequentially, with the spread between leased (reported) occupancy vs. economic occupancy 300 basis points.
  • Pro-rata anchor occupancy ended the quarter at 96.9%, flat on a sequential basis.
  • Pro-rata small shop occupancy ended the quarter at 87.3%, an increase of 180 basis points sequentially from the second quarter of 2021.
  • Pro-rata rental-rate spreads on comparable spaces during the third quarter of 2021 increased 4.9%, with rental rates for new leases up 5.0% and renewals/options up 4.9%.
  • During the third quarter, the company signed 411 leases totaling 2.1 million square feet of GLA benefitting from the Weingarten merger. This was bolstered by 141 new leases for 605,000 square feet.
  • Same-property NOI, including redevelopments, increased 12.1% for the third quarter of 2021 over the comparable period in 2020. The company excluded Weingarten Realty from the calculation of same-property NOI since it was not owned for the full period. Kimco expects to include the Weingarten portfolio in its Same-property NOI beginning in the fourth quarter of 2021. A reconciliation of net income available to the company’s common shareholders to Same-property NOI is provided in the tables accompanying this press release.

Weingarten Merger:

  • In August, completed the strategic merger with Weingarten Realty Investors further expanding Kimco’s grocery-anchored portfolio and its presence in fast growing Sun-belt markets with the addition of 149 properties totaling 23.5 million square feet of GLA.
  • In connection with the merger, Kimco previously disclosed annualized cost synergy ranges of $35 million to $38 million on a GAAP basis and $31 million to $34 million on a cash basis. At the end of the third quarter, the company had achieved synergies at the upper end of both ranges. The company anticipates achieving the full benefit of these synergies by the end of 2022.

Transaction Activities:

  • Provided $21.5 million of third-party mezzanine funding towards the acquisition of Alamo Ranch, a 465,000 square foot retail center located in San Antonio, Texas.
  • Sold two single-tenant centers located in Massachusetts and one land parcel in San Antonio for a total of $23.5 million.
  • Subsequent to quarter end, acquired the remaining 70 percent interest in a portfolio of six Publix-anchored, Sunbelt shopping centers from Kimco’s existing joint venture partner, Jamestown, for a gross purchase price of $425.8 million. The company then entered into a joint venture partnership with Blackstone Real Estate Income Trust, Inc. (“BREIT”) in which both Kimco and BREIT will own 50 percent of the portfolio, with Kimco continuing to manage the properties on behalf of the joint venture.

Capital Markets:

  • Established a new continuous “At The Market” (ATM) equity offering program through which the company may offer and sell shares of its common stock, par value $0.01 per share, with an aggregate gross sales price of up to $500 million.
  • Generated net proceeds of $76.9 million through the issuance of approximately 3.5 million shares of common stock through the company’s ATM program at a weighted average price of $22.08 per share.
  • Issued $500 million of 2.250% notes maturing December 2031, which represents the lowest coupon for ten-year, unsecured notes issued by the company in its history.
  • Ended the third quarter with over $2.4 billion of immediate liquidity, including full availability under the company’s $2.0 billion unsecured revolving credit facility, and $483 million of cash and cash equivalents. In addition, Kimco maintains over $1.2 billion of ACI common stock, subject to certain lock-up provisions.

Dividend Declarations:

As previously announced:

  • Kimco’s board of directors declared a quarterly cash dividend of $0.17 per common share, payable on December 23, 2021, to shareholders of record on December 9, 2021.
  • The board of directors also declared quarterly dividends with respect to each of the company’s Class L and Class M series of cumulative redeemable preferred shares. These dividends on the preferred shares will be paid on January 17, 2022, to shareholders of record on January 3, 2022.

2021 Full Year Outlook:

Kimco’s 2021 guidance has been updated to include the impact for the completed merger with Weingarten and includes merger-related cost totaling $50.2 million, or $0.10 per diluted share. As a result, the company has raised its 2021 guidance ranges as follows:

Guidance (per diluted share)

Current*

Previous

 

Net income available to common shareholders:

$1.70 to $1.72**

$0.83 to $0.87

 

NAREIT FFO:

$1.36 to $1.37**

$1.29 to $1.33

 

*The tables accompanying this press release provide a reconciliation for this forward-looking non-GAAP measure.

**Includes $0.10 per diluted share of merger-related charges incurred during 2021.

Conference Call and Supplemental Materials

Kimco will hold its quarterly conference call on Friday, November 5, 2021, at 8:30 a.m. Eastern Time (ET). The call will include a review of the company’s third quarter results as well as a discussion of the company’s strategy and expectations for the future. To participate, dial 1-888-317-6003 or 1-412-317-6061 for international calls, (Passcode: 7894589).

Audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com through Saturday, February 5, 2022.

About Kimco

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of September 30, 2021, the company owned interests in 545 U.S. shopping centers and mixed-use assets comprising 94 million square feet of gross leasable space. For further information, please visit www.kimcorealty.com

The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/KimcoRealty), Twitter (www.twitter.com/kimcorealty), YouTube (www.youtube.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.

Safe Harbor Statement

This communication contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” “will,” “target,” “forecast” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company’s control and could materially affect actual results, performances or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (iv) the Company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations and management’s ability to estimate the impact of such changes, (vi) the level and volatility of interest rates and management’s ability to estimate the impact thereof, (vii) pandemics or other health crises, such as coronavirus disease 2019 (“COVID-19”), (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) the Company’s failure to realize the expected benefits of the merger with Weingarten Realty Investors (the “Merger”), (x) significant transaction costs and/or unknown or inestimable liabilities related to the Merger, (xi) the risk of shareholder litigation in connection with the Merger, including any resulting expense, (xii) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company following the Merger, (xiii) the possibility that, if the Company does not achieve the perceived benefits of the Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company’s common stock could decline, (xiv) valuation and risks related to the Company’s joint venture and preferred equity investments, (xv) valuation of marketable securities and other investments, including the shares of Albertsons Companies, Inc. common stock held by the Company, (xvi) increases in operating costs, (xvii) changes in the dividend policy for the Company’s common and preferred stock and the Company’s ability to pay dividends at current levels, (xviii) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (xix) impairment charges, (xx) unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity and (xxi) the other risks and uncertainties identified under Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year-ended December 31, 2020, as supplemented by the risks and uncertainties identified under Item 1A, “Risk Factors” in this Quarterly Report on Form 10-Q. Accordingly, there is no assurance that the Company’s expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that the Company files with the Securities and Exchange Commission (“SEC”).

Condensed Consolidated Balance Sheets

(in thousands, except share information)

(unaudited)





 


September 30, 2021 (1)


December 31, 2020

Assets:



Real estate, net of accumulated depreciation and amortization of 2,886,259 and 2,717,114 respectively

$

14,778,312


$

9,346,041

 

Real estate under development

 

5,672


 

5,672

 

Investments in and advances to real estate joint ventures

 

1,178,511


 

590,694

 

Other investments

 

130,470


 

117,140

 

Cash and cash equivalents

 

483,471


 

293,188

 

Marketable securities

 

1,249,125


 

706,954

 

Accounts and notes receivable, net

 

235,082


 

219,248

 

Operating lease right-of-use assets, net

 

149,203


 

102,369

 

Other assets

 

380,675


 

233,192

 

Total assets

$

18,590,521


$

11,614,498

 





 
Liabilities:



Notes payable, net

$

7,034,047


$

5,044,208

 

Mortgages payable, net

 

482,634


 

311,272

 

Dividends payable

 

5,366


 

5,366

 

Operating lease liabilities

 

125,015


 

96,619

 

Other liabilities

 

772,251


 

470,995

 

Total liabilities

 

8,419,313


 

5,928,460

 

Redeemable noncontrolling interests

 

15,784


 

15,784

 





 
Stockholders' equity:



Preferred stock, $1.00 par value, authorized 7,054,000 shares;



Issued and outstanding (in series) 19,580 shares;



Aggregate liquidation preference $489,500

 

20


 

20

 





 
Common stock, $.01 par value, authorized 750,000,000 shares; issued and outstanding 616,413,920 and 432,518,743 shares, respectively

 

6,164


 

4,325

 

Paid-in capital

 

9,579,517


 

5,766,511

 

Retained earnings / (cumulative distributions in excess of net income)

 

328,609


 

(162,812

)

Total stockholders' equity

 

9,914,310


 

5,608,044

 

Noncontrolling interests

 

241,114


 

62,210

 

Total equity

 

10,155,424


 

5,670,254

 

Total liabilities and equity

$

18,590,521


$

11,614,498

 





 

(1) Includes the impact of the WRI merger.

Condensed Statements of Operations

(in thousands, except per share data)

(unaudited)









 


Three Months Ended September 30,

 

Nine Months Ended September 30,



2021 (3)

 

2020

 

2021 (3)

 

2020

Revenues







Revenues from rental properties, net

$

364,694

 


$

256,607

 


$

929,297

 


$

778,572

 

Management and other fee income

 

3,913

 


 

3,185

 


 

10,634

 


 

9,880

 

Total revenues

 

368,607

 


 

259,792

 


 

939,931

 


 

788,452

 

Operating expenses







Rent

 

(3,678

)


 

(2,767

)


 

(9,706

)


 

(8,429

)

Real estate taxes

 

(50,594

)


 

(40,403

)


 

(129,124

)


 

(118,733

)

Operating and maintenance

 

(52,063

)


 

(42,844

)


 

(145,480

)


 

(124,192

)

General and administrative

 

(25,904

)


 

(28,795

)


 

(75,136

)


 

(72,316

)

Impairment charges

 

(850

)


 

(397

)


 

(954

)


 

(3,509

)

Merger charges

 

(46,998

)


 

-

 


 

(50,191

)


 

-

 

Depreciation and amortization

 

(114,238

)


 

(71,704

)


 

(261,687

)


 

(214,660

)

Total operating expenses

 

(294,325

)


 

(186,910

)


 

(672,278

)


 

(541,839

)









 
Gain on sale of properties

 

1,975

 


 

-

 


 

30,841

 


 

5,697

 

Operating income

 

76,257

 


 

72,882

 


 

298,494

 


 

252,310

 









 
Other income/(expense)







Other income/(expense), net

 

6,696

 


 

(900

)


 

11,834

 


 

393

 

Gain/(loss) on marketable securities, net

 

457,127

 


 

(76,931

)


 

542,510

 


 

444,646

 

Gain on sale of cost method investment

 

-

 


 

-

 


 

-

 


 

190,832

 

Interest expense

 

(52,126

)


 

(46,942

)


 

(146,654

)


 

(141,017

)

Early extinguishment of debt charges

 

-

 


 

(7,538

)


 

-

 


 

(7,538

)

Income/(loss) before income taxes, net, equity in income of joint ventures, net and equity in income from other investments, net

 

487,954

 


 

(59,429

)


 

706,184

 


 

739,626

 









 
Provision for income taxes, net

 

(314

)


 

(388

)


 

(2,897

)


 

(482

)

Equity in income of joint ventures, net

 

20,025

 


 

11,233

 


 

54,095

 


 

35,039

 

Equity in income of other investments, net

 

1,539

 


 

11,155

 


 

10,365

 


 

26,895

 









 
Net income/(loss)

 

509,204

 


 

(37,429

)


 

767,747

 


 

801,078

 

Net income attributable to noncontrolling interests

 

(1,465

)


 

(965

)


 

(5,369

)


 

(1,479

)

Net income/(loss) attributable to the company

 

507,739

 


 

(38,394

)


 

762,378

 


 

799,599

 

Preferred dividends

 

(6,354

)


 

(6,354

)


 

(19,062

)


 

(19,062

)

Net income/(loss) available to the company's common shareholders

$

501,385

 


$

(44,748

)


$

743,316

 


$

780,537

 









 
Per common share:







Net income/(loss) available to the company's common shareholders: (2)







Basic

$

0.91

 


$

(0.10

)


$

1.57

 


$

1.80

 

Diluted (1)

$

0.91

 


$

(0.10

)


$

1.56

 


$

1.80

 

Weighted average shares:







Basic

 

546,842

 


 

429,994

 


 

469,885

 


 

429,899

 

Diluted

 

548,766

 


 

429,994

 


 

474,452

 


 

431,602

 









 

(1)

 

Reflects the potential impact if certain units were converted to common stock at the beginning of the period. The impact of the conversion would have an antidilutive effect on net income and therefore have not been included. Adjusted for distributions on convertible units of $42 and $0 for the three months ended September 30, 2021 and 2020, respectively. Adjusted for distributions on convertible units of $3,009 and $119 for the nine months ended September 30, 2021 and 2020, respectively.

(2)

 

Adjusted for earnings attributable from participating securities of ($4,078) and ($251) for the three months ended September 30, 2021 and 2020, respectively. Adjusted for earnings attributed from participating securities of ($5,749) and ($5,259) for the nine months ended September 30, 2021, respectively.

(3)

 

Includes the impact of the WRI merger from August 3rd.

Reconciliation of Net Income/Loss Available to the Company's Common Shareholders to

FFO Available to the Company's Common Shareholders (1)

(in thousands, except per share data)

(unaudited)









 


Three Months Ended September 30,

 

Nine Months Ended September 30,



2021 (5)

 

2020

 

2021 (5)

 

2020

Net income/(loss) available to the company's common shareholders

$

501,385

 


$

(44,748

)


$

743,316

 


$

780,537

 

Gain on sale of properties

 

(1,975

)


 

-

 


 

(30,841

)


 

(5,697

)

Gain on sale of joint venture properties

 

-

 


 

-

 


 

(5,283

)


 

(18

)

Depreciation and amortization - real estate related

 

113,404

 


 

71,015

 


 

259,298

 


 

212,018

 

Depreciation and amortization - real estate joint ventures

 

15,365

 


 

9,932

 


 

35,605

 


 

30,673

 

Impairment charges (including real estate joint ventures)

 

2,041

 


 

775

 


 

3,213

 


 

4,354

 

Gain on sale of cost method investment

 

-

 


 

-

 


 

-

 


 

(190,832

)

Profit participation from other investments, net

 

2,380

 


 

(8,406

)


 

1,229

 


 

(15,875

)

(Gain)/loss on marketable securities, net

 

(457,127

)


 

76,931

 


 

(542,510

)


 

(444,646

)

Provision for income taxes (2)

 

35

 


 

1,500

 


 

2,177

 


 

1,501

 

Noncontrolling interests (2)

 

(1,805

)


 

(310

)


 

551

 


 

(1,373

)

FFO available to the company's common shareholders

$

173,703

 

(4)

$

106,689

 


$

466,755

 

(4)

$

370,642

 









 
Weighted average shares outstanding for FFO calculations:







Basic

 

546,842

 


 

429,994

 


 

469,885

 


 

429,899

 

Units

 

2,626

 


 

658

 


 

2,642

 


 

639

 

Dilutive effect of equity awards

 

1,718

 


 

1,192

 


 

1,837

 


 

1,496

 

Diluted (3)

 

551,186

 


 

431,844

 


 

474,364

 


 

432,034

 









 
FFO per common share - basic

$

0.32

 


$

0.25

 


$

0.99

 


$

0.86

 

FFO per common share - diluted (3)

$

0.32

 


$

0.25

 


$

0.99

 


$

0.86

 









 

(1)

 

The company considers FFO to be an important supplemental measure of its operating performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting results. Comparison of the company's presentation of FFO to similarly titled measures for other REITs may not necessarily be meaningful due to possible differences in the application of the NAREIT definition used by such REITs.

(2)

 

Related to gains, impairments and depreciation on properties, where applicable.

(3)

 

Reflects the potential impact if certain units were converted to common stock at the beginning of the period. FFO available to the company’s common shareholders would be increased by $435 and $57 for the three months ended September 30, 2021 and 2020, respectively. FFO available to the company’s common shareholders would be increased by $630 and $218 for the nine months ended September 30, 2021 and 2020, respectively.

(4)

 

Includes Merger charges of $47.0 and $50.2 million recognized during the three and nine months ended September 30, 2021.

(5)

 

Includes the impact of the WRI merger from August 3rd.

Reconciliation of Net Income/Loss Available to the Company's Common Shareholders

to Same Property NOI (1)

(in thousands)

(unaudited)









 


Three Months Ended September 30,

 

Nine Months Ended September 30,



2021 (2)

 

2020

 

2021 (1)

 

2020

Net income/(loss) available to the company's common shareholders

$

501,385

 


$

(44,748

)


$

743,316

 


$

780,537

 

Adjustments:







Management and other fee income

 

(3,913

)


 

(3,185

)


 

(10,634

)


 

(9,880

)

General and administrative

 

25,904

 


 

28,795

 


 

75,136

 


 

72,316

 

Impairment charges

 

850

 


 

397

 


 

954

 


 

3,509

 

Merger charges

 

46,998

 


 

-

 


 

50,191

 


 

-

 

Depreciation and amortization

 

114,238

 


 

71,704

 


 

261,687

 


 

214,660

 

Gain on sale of properties

 

(1,975

)


 

-

 


 

(30,841

)


 

(5,697

)

Interest and other expense, net

 

45,430

 


 

55,380

 


 

134,820

 


 

148,161

 

(Gain)/loss on marketable securities, net

 

(457,127

)


 

76,931

 


 

(542,510

)


 

(444,645

)

Gain on sale of cost method investment

 

-

 


 

-

 


 

-

 


 

(190,832

)

Provision for income taxes, net

 

314

 


 

388

 


 

2,897

 


 

482

 

Equity in income of other investments, net

 

(1,539

)


 

(11,155

)


 

(10,365

)


 

(26,895

)

Net income attributable to noncontrolling interests

 

1,465

 


 

965

 


 

5,369

 


 

1,479

 

Preferred dividends

 

6,354

 


 

6,354

 


 

19,062

 


 

19,062

 

Non same property net operating income (2)

 

(76,304

)


 

(1,464

)


 

(104,893

)


 

(17,659

)

Non-operational expense from joint ventures, net

 

18,658

 


 

16,494

 


 

45,227

 


 

52,272

 

Same Property NOI

$

220,738

 


$

196,856

 


$

639,416

 


$

596,870

 









 

(1)

The company considers same property NOI as an important operating performance measure because it is frequently used by securities analysts and investors to measure only the net operating income of properties that have been owned by the company for the entire current and prior year reporting periods. It excludes properties under redevelopment, development and pending stabilization; properties are deemed stabilized at the earlier of (i) reaching 90% leased or (ii) one year following a project’s inclusion in operating real estate. Same property NOI assists in eliminating disparities in net income due to the development, acquisition or disposition of properties during the particular period presented, and thus provides a more consistent performance measure for the comparison of the company's properties. The company’s method of calculating Same property NOI may differ from methods used by other REITs and, accordingly, may not be comparable to such other REITs.

(2)

The Company excluded Weingarten Realty from the calculation of same-property NOI since it was not owned for the full period. Kimco expects to include the Weingarten portfolio in its same-property NOI beginning in the fourth quarter of 2021.










 

Certain reclassifications of prior year amounts have been made to conform with the current year presentation.

 

 

 


Reconciliation of Diluted Net Income Available to Common Shareholders Per Common Share

to Diluted Funds From Operations Available to Common Shareholders Per Common Share

(unaudited)







 


Actual


Projected Range



2020

 


Full Year 2021





Low


High

Diluted net income available to company's common shareholder per common share (1)
$2.25

$1.70

$1.72






 
Depreciation and amortization - real estate related

0.66

 


0.71

 


0.74

 







 
Depreciation and amortization - real estate joint ventures

0.10

 


0.10

 


0.11

 







 
Gain on sale of properties/change in control of interests

(0.01

)


(0.06

)


(0.09

)







 
Gain on sale of joint venture properties

-

 


(0.01

)


(0.02

)







 
Impairments charges (including real estate joint ventures)

0.02

 


-

 


-

 







 
Gain on sale of cost method investment

(0.44

)


-

 


-

 







 
Profit participation from other investments, net

(0.03

)


(0.01

)


(0.03

)







 
Gain on marketable securities, net

(1.38

)


(1.07

)


(1.07

)







 
Provision for income taxes (2)

-

 


-

 


0.01

 







 
FFO per diluted common share (3)

$ 1.17

 


$ 1.36

 


$ 1.37

 







 

(1)

 

Reflects the potential impact if certain units were converted to common stock at the beginning of the period. The impact of the conversion would have an antidilutive effect on net income and therefore have not been included. Adjusted for distributions on convertible units of $0.2 million for the year ended December 31, 2020. Adjusted for earnings attributable from participating securities of ($6.3 million) for the year ended December 31, 2020. Adjusted for the change in carrying amount of redeemable noncontrolling interest of $2.2 million for the year ended December 31, 2020.






(2)

 

Related to gains, impairments and depreciation on properties, where applicable.

(3)

 

Includes Merger charges of $50.2 million recognized during the nine months ended September 30, 2021 in connection with the Weingarten Realty Investors merger.


 




 

Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults, occupancy rates, selling prices of properties held for disposition, expenses (including salaries and employee costs), insurance costs and numerous other factors. Not all of these factors are determinable at this time and actual results may vary from the projected results, and may be above or below the range indicated. The above range represents management’s estimate of results based upon these assumptions as of the date of this press release.

 

Contacts

David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
1-866-831-4297
dbujnicki@kimcorealty.com

EX-101.SCH 3 kim-20211105.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 kim-20211105_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 5 kim-20211105_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Class of Stock [Domain] Class of Stock [Axis] Cover [Abstract] Document Type Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Amendment Flag Document Fiscal Year Focus Document Fiscal Period Focus Document Period End Date Entity Registrant Name Entity Central Index Key Entity File Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Emerging Growth Company Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code City Area Code Local Phone Number Entity Listings [Table] Entity Listings [Line Items] Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name 5.125% Class L Cumulative Redeemable, Preferred Stock [Member] 5.500% Class J Cumulative Redeemable, Preferred Stock [Member] 5.250% Class M Cumulative Redeemable, Preferred Stock [Member] Common Stock, par value $.01 per share [Member] EX-101.PRE 6 kim-20211105_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 7 a52522651_htm.xml IDEA: XBRL DOCUMENT 0000879101 2021-11-05 2021-11-05 0000879101 kim:CommonStockParValue01PerShareMember 2021-11-05 2021-11-05 0000879101 kim:Five250ClassMCumulativeRedeemablePreferredStockMember 2021-11-05 2021-11-05 0000879101 kim:Five125ClassLCumulativeRedeemablePreferredStockMember 2021-11-05 2021-11-05 0000879101 kim:Five500ClassJCumulativeRedeemablePreferredStockMember 2021-11-05 2021-11-05 false false false false 0000879101 5.500% Class J Cumulative Redeemable, Preferred Stock KIMprJ NYSE 8-K 2021-11-05 KIMCO REALTY CORPORATION MD 1-10899 13-2744380 500 N. Broadway Suite 201 Jericho NY 11753 516 869-9000 false false false false Common Stock, par value $.01 per share KIM NYSE 5.125% Class L Cumulative Redeemable, Preferred Stock KIMprL NYSE 5.250% Class M Cumulative Redeemable, Preferred Stock KIMprM NYSE false XML 8 R1.htm IDEA: XBRL DOCUMENT v3.21.2
Document and Entity Information
Nov. 05, 2021
Entity Listings [Line Items]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 05, 2021
Entity Registrant Name KIMCO REALTY CORPORATION
Entity Incorporation, State or Country Code MD
Entity File Number 1-10899
Entity Tax Identification Number 13-2744380
Entity Address, Address Line One 500 N. Broadway
Entity Address, Address Line Two Suite 201
Entity Address, City or Town Jericho
Entity Address, State or Province NY
Entity Address, Postal Zip Code 11753
City Area Code 516
Local Phone Number 869-9000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000879101
5.500% Class J Cumulative Redeemable, Preferred Stock [Member]  
Entity Listings [Line Items]  
Title of 12(b) Security 5.500% Class J Cumulative Redeemable, Preferred Stock
Trading Symbol KIMprJ
Security Exchange Name NYSE
Common Stock, par value $.01 per share [Member]  
Entity Listings [Line Items]  
Title of 12(b) Security Common Stock, par value $.01 per share
Trading Symbol KIM
Security Exchange Name NYSE
5.250% Class M Cumulative Redeemable, Preferred Stock [Member]  
Entity Listings [Line Items]  
Title of 12(b) Security 5.250% Class M Cumulative Redeemable, Preferred Stock
Trading Symbol KIMprM
Security Exchange Name NYSE
5.125% Class L Cumulative Redeemable, Preferred Stock [Member]  
Entity Listings [Line Items]  
Title of 12(b) Security 5.125% Class L Cumulative Redeemable, Preferred Stock
Trading Symbol KIMprL
Security Exchange Name NYSE
EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.2 html 5 96 1 false 4 0 false 0 false false R1.htm 000100 - Document - Document and Entity Information Sheet http://kimcorealty.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports a52522651.htm a52522651ex99_1.htm kim-20211105.xsd kim-20211105_def.xml kim-20211105_lab.xml kim-20211105_pre.xml http://fasb.org/us-gaap/2021-01-31 http://xbrl.sec.gov/dei/2021 true false JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "a52522651.htm": { "axisCustom": 0, "axisStandard": 1, "contextCount": 5, "dts": { "definitionLink": { "local": [ "kim-20211105_def.xml" ] }, "inline": { "local": [ "a52522651.htm" ] }, "labelLink": { "local": [ "kim-20211105_lab.xml" ] }, "presentationLink": { "local": [ "kim-20211105_pre.xml" ] }, "schema": { "local": [ "kim-20211105.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "https://xbrl.sec.gov/dei/2021/dei-2021.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd", "https://xbrl.sec.gov/country/2021/country-2021.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd", "https://xbrl.sec.gov/currency/2021/currency-2021.xsd", "https://xbrl.sec.gov/exch/2021/exch-2021.xsd", "https://xbrl.sec.gov/naics/2021/naics-2021.xsd", "https://xbrl.sec.gov/sic/2021/sic-2021.xsd", "https://xbrl.sec.gov/stpr/2021/stpr-2021.xsd", "http://www.xbrl.org/2004/ref-2004-08-10.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" ] } }, "elementCount": 37, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2021": 8, "total": 8 }, "keyCustom": 0, "keyStandard": 96, "memberCustom": 4, "memberStandard": 0, "nsprefix": "kim", "nsuri": "http://kimcorealty.com/20211105", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "a52522651.htm", "contextRef": "c20211105to20211105", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "000100 - Document - Document and Entity Information", "role": "http://kimcorealty.com/role/DocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "a52522651.htm", "contextRef": "c20211105to20211105", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 4, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021", "xbrltype": "stringItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityListingsLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Entity Listings [Line Items]" } } }, "localname": "EntityListingsLineItems", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "stringItemType" }, "dei_EntityListingsTable": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Container for exchange listing information for an entity", "label": "Entity Listings [Table]" } } }, "localname": "EntityListingsTable", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "stringItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "kim_CommonStockParValue01PerShareMember": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Common Stock, par value $.01 per share [Member]" } } }, "localname": "CommonStockParValue01PerShareMember", "nsuri": "http://kimcorealty.com/20211105", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "domainItemType" }, "kim_Five125ClassLCumulativeRedeemablePreferredStockMember": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "5.125% Class L Cumulative Redeemable, Preferred Stock [Member]" } } }, "localname": "Five125ClassLCumulativeRedeemablePreferredStockMember", "nsuri": "http://kimcorealty.com/20211105", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "domainItemType" }, "kim_Five250ClassMCumulativeRedeemablePreferredStockMember": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "5.250% Class M Cumulative Redeemable, Preferred Stock [Member]" } } }, "localname": "Five250ClassMCumulativeRedeemablePreferredStockMember", "nsuri": "http://kimcorealty.com/20211105", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "domainItemType" }, "kim_Five500ClassJCumulativeRedeemablePreferredStockMember": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "5.500% Class J Cumulative Redeemable, Preferred Stock [Member]" } } }, "localname": "Five500ClassJCumulativeRedeemablePreferredStockMember", "nsuri": "http://kimcorealty.com/20211105", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "domainItemType" }, "us-gaap_ClassOfStockDomain": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Class of Stock [Domain]" } } }, "localname": "ClassOfStockDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "domainItemType" }, "us-gaap_StatementClassOfStockAxis": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Class of Stock [Axis]" } } }, "localname": "StatementClassOfStockAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://kimcorealty.com/role/DocumentAndEntityInformation" ], "xbrltype": "stringItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 16 0001157523-21-001352-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001157523-21-001352-xbrl.zip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