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Note 3 - Weingarten Merger (Tables) | 9 Months Ended
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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 |

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