XML 40 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 4 - Investments and Advances in Real Estate Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2016
Income [Member]  
Notes Tables  
Equity Method Investments [Table Text Block]
 
 
Three Months Ended
September
30,
 
 
Nine
Months Ended
September
30,
 
                                 
 
 
201
6
 
 
2015
 
 
2016
 
 
2015
 
KimPru and KimPru II (1) (2)
  $ 2.2     $ (0.2 )   $ 7.5     $ 3.3  
KIR (1)
    7.9       8.5       27.4       31.6  
CPP (1)
    1.3       2.2       6.2       7.1  
Other Institutional Programs (1)
    0.3       0.3       0.9       1.5  
Other Joint Venture Programs (1) (3) (4) (5)
    (1.6 )     (4.7 )     2.7       12.2  
Canadian Properties (1)
    1.4       4.8       145.5       75.1  
Total
 
$
11.5
 
 
$
10.9
 
 
$
190.2
 
 
$
130.8
 
Equity Method Investments [Table Text Block]
 
 
As of
September 30, 2016
 
 
As of December 31, 2015
 
Venture
 
Ownership
Interest
 
 
Number of
Properties
 
 
GLA
 
 
Gross
Real
Estate
 
 
The
Company's
Investment
 
 
Ownership
Interest
 
 
Number
of
Properties
 
 
GLA
 
 
Gross
Real
Estate
 
 
The
Company's
Investment
 
Prudential Investment Program (“KimPru” and “KimPru II”) (1) (2)
 
 
15.0
%
 
 
50
 
 
 
9.2
 
 
$
2,482.5
 
 
$
163.5
 
 
 
15.0
%
 
 
53
 
 
 
9.6
 
 
$
2,531.6
 
 
$
175.5
 
Kimco Income Opportunity Portfolio (“KIR”) (2)
 
 
48.6
%
 
 
46
 
 
 
10.6
 
 
 
1,421.6
 
 
 
136.0
 
 
 
48.6
%
 
 
47
 
 
 
10.8
 
 
 
1,422.8
 
 
 
131.0
 
Canada Pension Plan Investment Board (“CPP”) (2)
 
 
55.0
%
 
 
5
 
 
 
1.5
 
 
 
306.3
 
 
 
95.8
 
 
 
55.0
%
 
 
7
 
 
 
2.4
 
 
 
524.1
 
 
 
195.6
 
Other Institutional Programs (2)
 
 
Various
 
 
 
2
 
 
 
0.3
 
 
 
117.9
 
 
 
0.4
 
 
 
Various
 
 
 
9
 
 
 
1.5
 
 
 
301.5
 
 
 
5.2
 
Other Joint Venture Programs
 
 
Various
 
 
 
38
 
 
 
5.3
 
 
 
765.7
 
 
 
77.9
 
 
 
Various
 
 
 
40
 
 
 
5.2
 
 
 
782.8
 
 
 
64.0
 
Canadian Properties
 
 
50
%
 
 
1
 
 
 
0.3
 
 
 
17.6
 
 
 
4.2
 
 
 
Various
 
 
 
35
 
 
 
5.9
 
 
 
695.3
 
 
 
171.3
 
Total
 
 
 
 
 
 
142
 
 
 
27.2
 
 
$
5,111.6
 
 
$
477.8
 
 
 
 
 
 
 
191
 
 
 
35.4
 
 
$
6,258.1
 
 
$
742.6
 
Summary of Properties and Land Parcel Disposed of [Table Text Block]
 
 
Nine Months Ended September 30, 2016
 
 
 
Number of
properties
 
 
Number of
land parcels
 
 
Aggregate
sales price
(in millions)
 
 
Net gain, before
income taxes
(in millions)
 
KimPru and KimPru II
    1       -     $ 16.5     $ 0.4  
KIR
    1       -       23.6       4.6  
CPP (1)
    2       -       299.2       -  
Other Institutional Programs (2)
    6       -       189.8       0.4  
Other Joint Venture Programs
    2       -       21.6       2.4  
Canadian Properties
    34       -       894.7       135.5  
Total
 
 
46
 
 
 
-
 
 
$
1,445.4
 
 
$
143.3
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
Number of
properties
 
 
Number of
land parcels
 
 
Aggregate
sales price
(in millions)
 
 
Net gain
/(impairment)
,
before income taxes

(in millions)
 
KimPru and KimPru II
    5       1     $ 84.0     $ (0.8 )
KIR
    4       -       72.6       9.0  
Other Joint Venture Programs (1)
    10       9       139.9       (1.1 )
Canadian Properties
    4       1       204.2       54.6  
Total
 
 
23
 
 
 
11
 
 
$
500.7
 
 
$
61.7
 
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block]
 
 
As of
September 30
, 2016
 
 
As of December 31, 2015
 
Venture
 
Mortgages
and
Notes
Payable
 
 
Weighted
Average
Interest Rate
 
 
Weighted
Average
Remaining
Term
(months)*
 
 
Mortgages
and
Notes
Payable
 
 
Weighted
Average
Interest Rate
 
 
Weighted
Average
Remaining
Term
(months)*
 
KimPru and KimPru II
  $ 791.5       3.36
%
    56.4     $ 777.1       5.54 %     12.6  
KIR
    776.2       4.69
%
    55.4       811.6       4.64 %     62.3  
CPP
    84.5       2.08
%
    19.0       109.9       5.25 %     3.5  
Other Institutional Programs
    94.6       4.07
%
    24.3       218.5       4.92 %     20.5  
Other Joint Venture Programs
    535.3       5.56
%
    28.0       540.7       5.61 %     36.1  
Canadian Properties
    7.8       4.70
%
    12.2       341.3       4.64 %     56.4  
Total
 
$
2,289.9
 
 
 
 
 
 
 
 
 
 
$
2,799.1