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Note 2 - Weingarten Merger (Tables)
12 Months Ended
Dec. 31, 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/ Consolidated

 

Cash

  

Debt

  

Other

  

Total

  

GLA*

 

Distribution Center #1 (1)

Lancaster, CA

Jan-21

 $58,723  $-  $11,277  $70,000   927 

Distribution Center #2 (1)

Woodland, CA

Jan-21

  27,589   -   6,411   34,000   508 

Jamestown Portfolio (6 properties) (2)

Various

Oct-21

  172,899   170,000   87,094   429,993   1,226 

KimPru Portfolio (2 properties) (2)

Various

Oct-21

  61,705   64,169   15,212   141,086   478 

Columbia Crossing Parcel

Columbia, MD

Oct-21

  12,600   -   -   12,600   45 

Centro Arlington (2)

Arlington, VA

Nov-21

  24,178   -   184,850   209,028   72 
    $357,694  $234,169  $304,844  $896,707   3,256 
    

Purchase Price

     

Property Name

Location

Month Acquired

 

Cash

  

GLA

 

North Valley Parcel

Peoria, AZ

Feb-20

 $7,073   9 
Business Acquisition, Pro Forma Information [Table Text Block]
  

Year Ended December 31,

 
  

2021

  

2020

 

Revenues from rental properties, net

 $2,341.4  $2,234.9 

Net income (1)

 $1,114.6  $1,193.1 

Net income available to the Company’s common shareholders (1)

 $1,084.1  $1,166.3 
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

 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 
  

Purchase Price Allocation

 

Land

 $1,174,407 

Building and improvements

  4,040,244 

In-place leases

  370,685 

Above-market leases

  42,133 

Real estate assets

  5,627,469 

Investments in and advances to real estate joint ventures

  585,382 

Cash, accounts receivable and other assets

  241,582 

Total assets acquired

  6,454,433 
     

Notes payable

  (1,497,632)

Mortgages payable

  (317,671)

Accounts payable and other liabilities

  (283,559)

Below-market leases

  (119,373)

Noncontrolling interests

  (177,039)

Total liabilities assumed

  (2,395,274)
     

Total purchase price

 $4,059,159 
  

Weighted Average
Amortization Period

(in Years)

 

Land

  n/a 

Building

  50.0 

Building improvements

  45.0 

Tenant improvements

  7.1 

Fixtures and leasehold improvements

  6.2 

In-place leases

  5.6 

Above-market leases

  10.1 

Below-market leases

  31.5 

Right-of-use intangible assets

  30.9 

Fair market value of debt adjustment

  3.7