Note 3 - Weingarten Merger (Tables)

9 Months Ended

Sep. 30, 2021

Notes Tables

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]

Weingarten common shares outstanding as of August 3, 2021	127,784,006
Exchange ratio	1.408
Kimco common stock issued	179,919,880

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

			Purchase Price
Property Name	Location	Month Acquired	Cash		Other Consideration**		Total		GLA*
Distribution Center #1	Lancaster, CA	Jan-21	$	58,723	$	11,277	$	70,000		927
Distribution Center #2	Woodland, CA	Jan-21		27,589		6,411		34,000		508
			$	86,312	$	17,688	$	104,000		1,435

Business Acquisition, Pro Forma Information [Table Text Block]

		Three Months Ended September 30,			Nine Months Ended September 30,
		2021		2020	2021		2020
Revenues from rental properties, net	$	401.4	$	366.8	$	1,186.4	$	1,109.1
Net income/(loss) (1)	$	561.4	$	(21.9)	$	854.3	$	797.6
Net income/(loss) available to the Company’s common shareholders	$	553.4	$	(29.8)	$	828.3	$	775.1
Net income/(loss) available to the Company’s common shareholders per common share:
Basic (1)	$	0.91	$	(0.05)	$	1.35	$	1.27
Diluted (1)	$	0.90	$	(0.05)	$	1.34	$	1.27

Weingarten Realty Investors [Member]

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

	Price of Kimco Common Stock		Equity Consideration Given (Kimco Shares to be Issued)		Calculated Value of Weingarten Consideration		Cash Consideration *		Total Value of Consideration
As of August 3, 2021	$	20.78		179,920	$	3,738,735	$	320,424	$	4,059,159

	Provisional Allocation as of September 30, 2021
Land	$	1,166,922
Building and improvements		4,041,244
In-place leases		374,281
Above-market leases		42,260
Real estate assets		5,624,707
Investments in and advances to real estate joint ventures		586,248
Cash, accounts receivable and other assets		242,399
Total assets acquired		6,453,354
Notes payable		(1,497,632	)
Mortgages payable		(317,671	)
Accounts payable and other liabilities		(279,414	)
Below-market leases		(120,441	)
Noncontrolling interests		(179,037	)
Total liabilities assumed		(2,394,195	)
Total purchase price	$	4,059,159

	Weighted Average Amortization Period (in Years)
Land		n/a
Building		50.0
Building improvements		45.0
Tenant improvements		4.0
Fixtures and leasehold improvements		7.0
In-place leases		2.5
Above-market leases		5.2
Below-market leases		16.9
Operating right-of-use intangible assets		24.2
Fair market value of debt adjustment		3.8