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v3.19.3.a.u2

Note 7 - Investment In and Advances to Real Estate Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2019
Notes Tables |
Equity Method Investments [Table Text Block] |
|  |  |  |  |  | The Company's Investment |
|  | Ownership |  |  | as of December 31, |
Joint Venture |  | Interest |  |  | 2019 |  |  | 2018 |
Prudential Investment Program (1) (2) |  |  | 15.0% |  |  | $ | 169.5 |  |  | $ | 175.2 |
Kimco Income Opportunity Portfolio (“KIR”) (2) |  |  | 48.6% |  |  |  | 175.0 |  |  |  | 167.2 |
Canada Pension Plan Investment Board (“CPP”) (2) |  |  | 55.0% |  |  |  | 151.7 |  |  |  | 135.0 |
Other Joint Venture Programs (3) |  |  | Various |  |  |  | 81.9 |  |  |  | 93.5 |
Total* |  |  |  |  |  | $ | 578.1 |  |  | $ | 570.9 |
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block] |
|  | December 31, 201 9 |  |  | December 31, 201 8 |
Joint Venture |  | Mortgages and Notes Payable, Net |  |  | Weighted Average Interest Rate |  |  | Weighted Average Remaining Term (months)* |  |  | Mortgages and Notes Payable, N et |  |  | Weighted Average Interest Rate |  |  | Weighted Average Remaining Term (months)* |
Prudential Investment Program |  | $ | 538.1 |  |  |  | 3.46 | % |  |  | 46.8 |  |  | $ | 572.6 |  |  |  | 4.29 | % |  |  | 49.0 |
KIR |  |  | 556.0 |  |  |  | 4.39 | % |  |  | 28.4 |  |  |  | 651.4 |  |  |  | 4.43 | % |  |  | 40.4 |
CPP |  |  | 84.8 |  |  |  | 3.25 | % |  |  | 42.0 |  |  |  | 84.4 |  |  |  | 3.85 | % |  |  | 54.0 |
Other Joint Venture Programs |  |  | 415.2 |  |  |  | 3.87 | % |  |  | 80.9 |  |  |  | 474.2 |  |  |  | 4.26 | % |  |  | 78.6 |
Total |  | $ | 1,594.1 |  |  |  |  |  |  |  |  |  |  | $ | 1,782.6 |  |  |  |  |  |  |  |  |
Investments in and Advances to Affiliates [Table Text Block] |
|  | December 31, |
|  | 201 9 |  |  | 201 8 |
Assets: |  |  |  |  |  |  |  |
Real estate, net |  | $ | 788.7 |  |  | $ | 848.7 |
Other assets |  |  | 83.6 |  |  |  | 98.5 |
Total Assets |  | $ | 872.3 |  |  | $ | 947.2 |
Liabilities and Partners’/Members’ Capital: |  |  |  |  |  |  |  |
Notes payable, net |  | $ | - |  |  | $ | 73.0 |
Mortgages payable, net |  |  | 556.0 |  |  |  | 578.5 |
Other liabilities |  |  | 16.3 |  |  |  | 20.0 |
Members’ capital |  |  | 300.0 |  |  |  | 275.7 |
Total Liabilities and Partners'/Members Capital |  | $ | 872.3 |  |  | $ | 947.2 |
|  | December 31, |
|  | 201 9 |  |  | 201 8 |
Assets: |  |  |  |  |  |  |  |
Real estate, net |  | $ | 2,596.9 |  |  | $ | 2,725.4 |
Other assets |  |  | 140.3 |  |  |  | 128.5 |
Total Assets |  | $ | 2,737.2 |  |  | $ | 2,853.9 |
Liabilities and Partners’/Members’ Capital: |  |  |  |  |  |  |  |
Notes payable, net |  | $ | 199.8 |  |  | $ | 199.7 |
Mortgages payable, net |  |  | 838.3 |  |  |  | 931.4 |
Other liabilities |  |  | 59.5 |  |  |  | 42.4 |
Noncontrolling interests |  |  | 17.7 |  |  |  | 16.8 |
Partners’/Members’ capital |  |  | 1,621.9 |  |  |  | 1,663.6 |
Total Liabilities and Partners'/Members Capital |  | $ | 2,737.2 |  |  | $ | 2,853.9 |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block] |
|  | Year Ended December 31, |
|  | 201 9 |  |  | 2018 |  |  | 201 7 |
Revenues |  | $ | 193.6 |  |  | $ | 197.2 |  |  | $ | 198.9 |
Operating expenses |  |  | (51.0 | ) |  |  | (53.3 | ) |  |  | (55.5 | )
Depreciation and amortization |  |  | (38.0 | ) |  |  | (42.2 | ) |  |  | (39.4 | )
Gain on sale of operating properties |  |  | 32.2 |  |  |  | 13.5 |  |  |  | 9.0 |
Interest expense |  |  | (28.2 | ) |  |  | (33.3 | ) |  |  | (35.3 | )
Other expense, net |  |  | (1.1 | ) |  |  | (1.5 | ) |  |  | (1.5 | )
Net income |  | $ | 107.5 |  |  | $ | 80.4 |  |  | $ | 76.2 |
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Revenues |  | $ | 317.6 |  |  | $ | 309.1 |  |  | $ | 317.1 |
Operating expenses |  |  | (99.4 | ) |  |  | (92.8 | ) |  |  | (95.1 | )
Impairment charges |  |  | (39.5 | ) |  |  | (20.7 | ) |  |  | (12.8 | )
Depreciation and amortization |  |  | (76.9 | ) |  |  | (80.3 | ) |  |  | (76.8 | )
Gain on sale of operating properties |  |  | 15.0 |  |  |  | 46.8 |  |  |  | 17.0 |
Interest expense |  |  | (47.1 | ) |  |  | (46.8 | ) |  |  | (46.6 | )
Other (expense)/income, net |  |  | (14.2 | ) |  |  | (2.9 | ) |  |  | (1.5 | )
Net income |  | $ | 55.5 |  |  | $ | 112.4 |  |  | $ | 101.3 |
Income [Member] |
Notes Tables |
Equity Method Investments [Table Text Block] |
|  | Year Ended December 31, |
|  | 201 9 |  |  | 201 8 |  |  | 201 7 |
Prudential Investment Program (1) |  | $ | 10.4 |  |  | $ | 15.2 |  |  | $ | 13.0 |
KIR |  |  | 50.3 |  |  |  | 38.7 |  |  |  | 36.7 |
CPP |  |  | 5.8 |  |  |  | 5.1 |  |  |  | 7.2 |
Other Joint Venture Programs (2) (3) (4) (5) |  |  | 5.7 |  |  |  | 12.6 |  |  |  | 3.9 |
Total |  | $ | 72.2 |  |  | $ | 71.6 |  |  | $ | 60.8 |

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