Earnings Per Share/Unit (Tables)

6 Months Ended

Jun. 30, 2026

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 the Company’s 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):

	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Computation of Basic and Diluted Earnings Per Share:
Net income available to the Company's common shareholders	$	145,758		$	155,430		$	303,120		$	280,564
Earnings attributable to participating securities		(587	)		(622	)		(1,206	)		(1,227	)
Net income available to the Company’s common shareholders    for basic earnings per share		145,171			154,808			301,914			279,337
Distributions on convertible units		9			9			18			18
Net income available to the Company’s common shareholders for diluted    earnings per share	$	145,180		$	154,817		$	301,932		$	279,355
Weighted average common shares outstanding – basic		671,216			674,613			671,519			675,837
Effect of dilutive securities (1):
Equity awards		652			369			664			317
Assumed conversion of convertible units		93			97			99			90
Weighted average common shares outstanding – diluted		671,961			675,079			672,282			676,244
Net income available to the Company's common shareholders:
Basic earnings per share	$	0.22		$	0.23		$	0.45		$	0.41
Diluted earnings per share	$	0.22		$	0.23		$	0.45		$	0.41

(1)The effect of the assumed conversion of certain convertible units, preferred shares 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 potentially issuable shares related to the Exchangeable Senior Notes that were not dilutive as of June 30, 2026.

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):

	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Computation of Basic and Diluted Earnings Per Unit:
Net income available to Kimco OP’s common unitholders	$	146,157		$	155,777		$	303,949		$	281,122
Earnings attributable to participating securities		(763	)		(705	)		(1,523	)		(1,336	)
Net income available to Kimco OP’s common unitholders    for basic earnings per unit		145,394			155,072			302,426			279,786
Distributions on convertible units		9			9			18			18
Net income available to Kimco OP’s common unitholders for diluted    earnings per unit	$	145,403		$	155,081		$	302,444		$	279,804
Weighted average common units outstanding – basic		672,300			675,609			672,583			676,818
Effect of dilutive securities (1):
Unit awards		652			369			664			317
Assumed conversion of convertible units		93			97			99			90
Weighted average common units outstanding – diluted		673,045			676,075			673,346			677,225
Net income available to Kimco OP’s common unitholders:
Basic earnings per unit	$	0.22		$	0.23		$	0.45		$	0.41
Diluted earnings per unit	$	0.22		$	0.23		$	0.45		$	0.41

(1)The effect of the assumed conversion of certain convertible units, 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. Additionally, there were potentially issuable units related to the Exchangeable Senior Notes that were not dilutive as of June 30, 2026.