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Note 8 - Notes and Mortgages Payable | 6 Months Ended
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Jun. 30, 2016
Notes to Financial Statements |
Debt Disclosure [Text Block] | 8. Notes and Mortgages Payable Notes Payable - During May 2016, the Company issued an additional $150.0 million of Senior Unsecured Notes at an interest rate of 4.25% payable semi-annually in arrears, which are scheduled to mature in April 2045. These new notes are an additional issuance of and form a single series with the $350.0 million of 4.25% Senior Unsecured Notes which were issued in March 2015. The Company used the net proceeds from the issuance of $145.4 million, after the underwriting discount and related offering costs, for general corporate purposes including to pre-fund near-term debt maturities. During March 2016, the Company repaid its $300.0 million 5.783% medium term notes, which matured in March 2016. During July 2016, Kimco North Trust III, a wholly-owned subsidiary of the Company, called for the redemption of (i) its Canadian denominated $150.0 million (USD $115.8 million as of June 30, 2016) 5.99% notes, which were scheduled to mature in April 2018 and (ii) its Canadian denominated $200.0 million (USD $154.5 million as of June 30, 2016) 3.855% notes, which were scheduled to mature in August 2020. On August 26, 2016, the redemption date, the Company anticipates recording an aggregate prepayment charges of Canadian dollars $33.1 million (USD $26.0 million) resulting from the early repayment of these notes. Additionally, during July 2016, the Company called for the redemption of $290.9 million 5.70% notes, which were scheduled to mature in May 2017. On August 26, 2016, the redemption date, the Company anticipates recording a prepayment charge of $12.0 million resulting from the early repayment of this note . Mortgages Payable - During the six months ended June 30, 2016, the Company paid off $234.2 million of mortgage debt (including fair market value adjustment of $0.9 million) that encumbered 20 operating properties. During September 2016, the Company anticipates prepaying a $137.2 million mortgage encumbering 10 operating properties, which was scheduled to mature in December 2017 and bears interest at a rate of 6.32%. In connection with this prepayment, the Company anticipates recording a prepayment charge of $9.8 million.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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