XML 83 R45.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Note 7 - Investment and Advances in Real Estate Joint Ventures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Note 7 - Investment and Advances in Real Estate Joint Ventures (Tables) [Line Items] |
Equity Method Investments [Table Text Block] |
|  | As of December 31, 2014 |  |  | As of December 31, 201 3 |
Venture |  | Average Ownership Interest |  |  | Number of Properties |  |  | GLA |  |  | Gross Real Estate |  |  | The Company's Investment |  |  | Average Ownership Interest |  |  | Number of Properties |  |  | GLA |  |  | Gross Real Estate |  |  | The Company's Investment |
Prudential Investment Program (“KimPru” and “KimPru II”) (1) (2) |  |  | 15.0% |  |  |  | 60 |  |  |  | 10.6 |  |  | $ | 2,728.9 |  |  | $ | 178.6 |  |  |  | 15.0% |  |  |  | 60 |  |  |  | 10.6 |  |  | $ | 2,724.0 |  |  | $ | 179.7 |
Kimco Income Opportunity Portfolio (“KIR”) (2) (3) |  |  | 48.6% |  |  |  | 54 |  |  |  | 11.5 |  |  |  | 1,488.2 |  |  |  | 152.1 |  |  |  | 48.6% |  |  |  | 57 |  |  |  | 12.0 |  |  |  | 1,496.0 |  |  |  | 163.6 |
Kimstone (2) (5) |  |  | 33.3% |  |  |  | 39 |  |  |  | 5.6 |  |  |  | 1,098.7 |  |  |  | 98.1 |  |  |  | 33.3% |  |  |  | 39 |  |  |  | 5.6 |  |  |  | 1,095.3 |  |  |  | 100.3 |
BIG Shopping Centers (2) (6) * |  |  | 50.1% |  |  |  | 6 |  |  |  | 1.0 |  |  |  | 151.6 |  |  |  | - |  |  |  | 37.9% |  |  |  | 21 |  |  |  | 3.4 |  |  |  | 520.1 |  |  |  | 29.5 |
The Canada Pension Plan Investment Board (“CPP”) (2) (7) |  |  | 55.0% |  |  |  | 7 |  |  |  | 2.4 |  |  |  | 504.0 |  |  |  | 188.9 |  |  |  | 55.0% |  |  |  | 6 |  |  |  | 2.4 |  |  |  | 437.4 |  |  |  | 144.8 |
Kimco Income Fund (“KIF”) (2) (8) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 39.5% |  |  |  | 12 |  |  |  | 1.5 |  |  |  | 288.7 |  |  |  | 50.6 |
SEB Immobilien (2) (9) |  |  | 15.0% |  |  |  | 3 |  |  |  | 0.4 |  |  |  | 86.0 |  |  |  | 2.5 |  |  |  | 15.0% |  |  |  | 13 |  |  |  | 1.8 |  |  |  | 361.9 |  |  |  | 0.9 |
Other Institutional Programs (2) (10) (11) |  | Various |  |  |  | 50 |  |  |  | 1.4 |  |  |  | 327.8 |  |  |  | 8.5 |  |  | Various |  |  |  | 56 |  |  |  | 2.1 |  |  |  | 385.3 |  |  |  | 16.8 |
RioCan |  |  | 50.0% |  |  |  | 45 |  |  |  | 9.3 |  |  |  | 1,205.8 |  |  |  | 159.8 |  |  |  | 50.0% |  |  |  | 45 |  |  |  | 9.3 |  |  |  | 1,314.3 |  |  |  | 156.3 |
Latin America (15) |  | Various |  |  |  | 13 |  |  |  | 0.1 |  |  |  | 91.2 |  |  |  | 24.4 |  |  | Various |  |  |  | 28 |  |  |  | 3.7 |  |  |  | 313.2 |  |  |  | 156.7 |
Other Joint Venture Programs (20) (23) |  | Various |  |  |  | 60 |  |  |  | 9.5 |  |  |  | 1,401.2 |  |  |  | 224.3 |  |  | Various |  |  |  | 75 |  |  |  | 11.5 |  |  |  | 1,548.9 |  |  |  | 257.8 |
Total |  |  |  |  |  |  | 337 |  |  |  | 51.8 |  |  | $ | 9,083.4 |  |  | $ | 1,037.2 |  |  |  |  |  |  |  | 412 |  |  |  | 63.9 |  |  | $ | 10,485.1 |  |  | $ | 1,257.0 |
Joint Venture Investments Accounted for Under the Equity Method Debt Details [Table Text Block] |
|  | As of December 31, 2014 |  |  | As of December 31, 2013 |
Venture |  | Mortgages and Notes Payable |  |  | Average Interest Rate |  |  | Average Remaining Term (months)** |  |  | Mortgages a nd Notes Payable |  |  | Average Interest Rate |  |  | Average Remaining Term (months)** |
KimPru and KimPru II |  | $ | 920.4 |  |  |  | 5.53 | % |  |  | 23.0 |  |  | $ | 923.4 |  |  |  | 5.53 | % |  |  | 35.0 |
KIR |  |  | 866.4 |  |  |  | 5.04 | % |  |  | 61.9 |  |  |  | 889.1 |  |  |  | 5.05 | % |  |  | 75.1 |
Kimstone |  |  | 704.4 |  |  |  | 4.45 | % |  |  | 28.7 |  |  |  | 749.9 |  |  |  | 4.62 | % |  |  | 39.3 |
BIG Shopping Centers |  |  | 144.6 |  |  |  | 5.52 | % |  |  | 22.0 |  |  |  | 406.5 |  |  |  | 5.39 | % |  |  | 40.1 |
CPP |  |  | 112.1 |  |  |  | 5.05 | % |  |  | 10.1 |  |  |  | 138.6 |  |  |  | 5.23 | % |  |  | 19.0 |
Kimco Income Fund |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 158.0 |  |  |  | 5.45 | % |  |  | 8.7 |
SEB Immobilien |  |  | 50.2 |  |  |  | 4.06 | % |  |  | 35.7 |  |  |  | 243.8 |  |  |  | 5.11 | % |  |  | 43.3 |
RioCan |  |  | 642.6 |  |  |  | 4.29 | % |  |  | 39.9 |  |  |  | 743.7 |  |  |  | 4.59 | % |  |  | 48.0 |
Other Institutional Programs |  |  | 223.1 |  |  |  | 5.47 | % |  |  | 20.8 |  |  |  | 272.9 |  |  |  | 5.32 | % |  |  | 31.0 |
Other Joint Venture Programs |  |  | 927.5 |  |  |  | 5.31 | % |  |  | 58.6 |  |  |  | 1,063.1 |  |  |  | 5.53 | % |  |  | 60.6 |
Total |  | $ | 4,591.3 |  |  |  |  |  |  |  |  |  |  | $ | 5,589.0 |  |  |  |  |  |  |  |  |
Investments in and Advances to Affiliates [Table Text Block] |
|  | December 31, |
|  | 2014 |  |  | 2013 |
Assets: |  |  |  |  |  |  |  |
Real estate, net |  | $ | 5,410.3 |  |  | $ | 6,601.8 |
Other assets |  |  | 208.6 |  |  |  | 390.1 |
|  | $ | 5,618.9 |  |  | $ | 6,991.9 |
Liabilities and Partners’/Members’ Capital: |  |  |  |  |  |  |  |
Mortgages payable |  | $ | 3,061.3 |  |  | $ | 3,956.2 |
Construction loans |  |  | 21.0 |  |  |  | - |
Other liabilities |  |  | 87.6 |  |  |  | 102.0 |
Noncontrolling interests |  |  | 21.4 |  |  |  | 19.2 |
Partners’/Members’ capital |  |  | 2,427.6 |  |  |  | 2,914.5 |
|  | $ | 5,618.9 |  |  | $ | 6,991.9 |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block] |
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Revenues from rental property |  | $ | 655.8 |  |  | $ | 873.3 |  |  | $ | 1,009.2 |
Operating expenses |  |  | (201.2 | ) |  |  | (279.7 | ) |  |  | (330.6 | )
Interest expense |  |  | (169.3 | ) |  |  | (228.5 | ) |  |  | (281.3 | )
Depreciation and amortization |  |  | (187.3 | ) |  |  | (224.0 | ) |  |  | (258.4 | )
Impairment charges |  |  | (20.0 | ) |  |  | (32.3 | ) |  |  | (17.0 | )
Other expense, net |  |  | (11.6 | ) |  |  | (13.8 | ) |  |  | (19.8 | )
|  |  | (589.4 | ) |  |  | (778.3 | ) |  |  | (907.1 | )
Income from continuing operations |  |  | 66.4 |  |  |  | 95.0 |  |  |  | 102.1 |
Discontinued Operations: |  |  |  |  |  |  |  |  |  |  |  |
Income/(loss) from discontinued operations |  |  | 2.6 |  |  |  | 12.2 |  |  |  | (9.1 | )
Impairment on dispositions of properties |  |  | 0.5 |  |  |  | (5.0 | ) |  |  | (21.1 | )
Gain on dispositions of properties |  |  | 466.6 |  |  |  | 223.4 |  |  |  | 94.5 |
Net income |  | $ | 536.1 |  |  | $ | 325.6 |  |  | $ | 166.4 |
KIR [Member] | Income [Member] |
Note 7 - Investment and Advances in Real Estate Joint Ventures (Tables) [Line Items] |
Equity Method Investments [Table Text Block] |
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Revenues from rental property |  | $ | 201.6 |  |  | $ | 197.0 |  |  | $ | 190.6 |
Operating expenses |  |  | (57.7 | ) |  |  | (53.7 | ) |  |  | (50.8 | )
Interest expense |  |  | (46.1 | ) |  |  | (47.8 | ) |  |  | (54.0 | )
Depreciation and amortization |  |  | (39.2 | ) |  |  | (38.8 | ) |  |  | (38.8 | )
Impairment charges |  |  | (3.1 | ) |  |  | - |  |  |  | - |
Other expense, net |  |  | (1.5 | ) |  |  | (0.6 | ) |  |  | (1.3 | )
|  |  | (147.6 | ) |  |  | (140.9 | ) |  |  | (144.9 | )
Income from continuing operations |  |  | 54.0 |  |  |  | 56.1 |  |  |  | 45.7 |
Discontinued Operations: |  |  |  |  |  |  |  |  |  |  |  |
Income from discontinued operations |  |  | 0.2 |  |  |  | 1.9 |  |  |  | 2.6 |
Impairment on dispositions of properties |  |  | (4.3 | ) |  |  | (9.8 | ) |  |  | (0.1 | )
Gain on dispositions of properties |  |  | 4.5 |  |  |  | 6.1 |  |  |  | - |
Net income |  | $ | 54.4 |  |  | $ | 54.3 |  |  | $ | 48.2 |
KIR [Member] | Balance Sheet [Member] |
Note 7 - Investment and Advances in Real Estate Joint Ventures (Tables) [Line Items] |
Equity Method Investments [Table Text Block] |
|  | December 31, |
|  | 201 4 |  |  | 201 3 |
Assets: |  |  |  |  |  |  |  |
Real estate, net |  | $ | 1,024.3 |  |  | $ | 1,064.2 |
Other assets |  |  | 80.5 |  |  |  | 81.9 |
|  | $ | 1,104.8 |  |  | $ | 1,146.1 |
Liabilities and Members’ Capital: |  |  |  |  |  |  |  |
Mortgages payable |  | $ | 866.4 |  |  | $ | 889.1 |
Other liabilities |  | 19.8 |  |  |  | 21.8 |
Members’ capital |  |  | 218.6 |  |  |  | 235.2 |
|  | $ | 1,104.8 |  |  | $ | 1,146.1 |
RioCan [Member] | Income [Member] |
Note 7 - Investment and Advances in Real Estate Joint Ventures (Tables) [Line Items] |
Equity Method Investments [Table Text Block] |
|  | Year ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Revenues from rental properties |  | $ | 202.5 |  |  | $ | 209.9 |  |  | $ | 213.3 |
Operating expenses |  |  | (74.6 | ) |  |  | (76.9 | ) |  |  | (78.1 | )
Interest expense |  |  | (31.9 | ) |  |  | (40.1 | ) |  |  | (51.9 | )
Depreciation and amortization |  |  | (33.5 | ) |  |  | (36.0 | ) |  |  | (37.3 | )
Other (expense)/income, net |  |  | (1.3 | ) |  |  | (1.8 | ) |  |  | 14.7 |
|  |  | (141.3 | ) |  |  | (154.8 | ) |  |  | (152.6 | )
Net income |  | $ | 61.2 |  |  | $ | 55.1 |  |  | $ | 60.7 |
RioCan [Member] | Balance Sheet [Member] |
Note 7 - Investment and Advances in Real Estate Joint Ventures (Tables) [Line Items] |
Equity Method Investments [Table Text Block] |
|  | December 31, |
|  | 2014 |  |  | 2013 |
Assets: |  |  |  |  |  |  |  |
Real estate, net |  | $ | 987.4 |  |  | $ | 1,106.2 |
Other assets |  |  | 40.7 |  |  |  | 43.8 |
|  | $ | 1,028.1 |  |  | $ | 1,150.0 |
Liabilities and Members' Capital: |  |  |  |  |  |  |  |
Mortgages payable |  | $ | 642.6 |  |  | $ | 743.7 |
Other liabilities |  |  | 13.1 |  |  |  | 13.0 |
Members' capital |  |  | 372.4 |  |  |  | 393.3 |
|  | $ | 1,028.1 |  |  | $ | 1,150.0 |
Income [Member] |
Note 7 - Investment and Advances in Real Estate Joint Ventures (Tables) [Line Items] |
Equity Method Investments [Table Text Block] |
|  | Year ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
KimPru and KimPru II (1) |  | $ | 8.1 |  |  | $ | 9.1 |  |  | $ | 7.4 |
KIR (3)(4) |  |  | 26.5 |  |  |  | 25.3 |  |  |  | 23.4 |
Kimstone (5) |  |  | 2.0 |  |  |  | 3.6 |  |  |  | - |
BIG Shopping Centers (6) |  |  | 22.5 |  |  |  | 3.0 |  |  |  | (3.7 | )
CPP |  |  | 7.1 |  |  |  | 5.8 |  |  |  | 5.3 |
KIF (8) |  |  | 0.9 |  |  |  | 3.3 |  |  |  | 1.7 |
SEB Immobilien (9) |  |  | 0.8 |  |  |  | 1.1 |  |  |  | 0.7 |
Other Institutional Programs (10-13) |  |  | 2.6 |  |  |  | 3.2 |  |  |  | 5.5 |
RioCan (14) |  |  | 30.6 |  |  |  | 27.6 |  |  |  | 30.4 |
Latin America (15- 19) |  |  | (3.8 | ) |  |  | 103.1 |  |  |  | 15.8 |
Other Joint Venture Programs (20- 28) |  |  | 62.3 |  |  |  | 23.6 |  |  |  | 26.4 |
Total |  | $ | 159.6 |  |  | $ | 208.7 |  |  | $ | 112.9 |

X
- Definition No authoritative reference available. + References No definition available. + Details
Name: | kim_JointVentureInvestmentsAccountedForUnderTheEquityMethodDebtDetailsTableTextBlock
Namespace Prefix: | kim_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | kim_Note7InvestmentandAdvancesinRealEstateJointVenturesTablesLineItems
Namespace Prefix: | kim_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14) -URI http://asc.fasb.org/extlink&oid=34726532&loc=d3e611322-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 14 -Article 12 + Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfInvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis=kim_IncomeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=kim_KIRMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=kim_RioCanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |