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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenues from rental properties, net $ 439,008 $ 423,273 $ 877,346 $ 845,927
Management and other fee income 3,832 3,925 8,386 8,520
Total revenues 442,840 427,198 885,732 854,447
Operating expenses        
Rent (4,145) (4,070) (8,158) (8,151)
Real estate taxes (57,621) (56,075) (115,127) (110,389)
Operating and maintenance (75,073) (69,784) (150,315) (139,009)
General and administrative (32,734) (27,981) (67,483) (57,929)
Impairment charges 0 (14,419) (11,806) (14,691)
Depreciation and amortization (129,245) (124,611) (255,546) (254,905)
Total operating expenses (298,818) (296,940) (608,435) (585,074)
Gain on sale of properties 13,170 2,944 52,376 7,137
Operating income 157,192 133,202 329,673 276,510
Other income/(expense)        
Special dividend income 0 0 194,116 0
Other income, net 7,571 6,642 10,703 12,625
Gain/(loss) on marketable securities, net 14,561 (261,467) 4,417 (139,703)
Interest expense (60,674) (56,466) (121,980) (113,485)
Early extinguishment of debt charges 0 (57) 0 (7,230)
Income/(loss) before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 118,650 (178,146) 416,929 28,717
(Provision)/benefit for income taxes, net (31,027) (96) (61,856) 57
Net income/(loss) 109,270 (130,727) 403,046 105,232
Net (income)/loss attributable to noncontrolling interests (2,644) 11,226 (6,657) 12,569
Net income/(loss) attributable to the Company 106,626 (119,501) 396,389 117,801
Preferred dividends, net (6,200) (6,250) (12,451) (12,604)
Net income/(loss) available to the Company's common shareholders $ 100,426 $ (125,751) $ 383,938 $ 105,197
Per common share:        
-Basic (in dollars per share) $ 0.16 $ (0.21) $ 0.62 $ 0.17
-Diluted (in dollars per share) $ 0.16 $ (0.21) $ 0.62 $ 0.17
Weighted average shares:        
-Basic (in shares) 617,077 615,642 616,785 615,207
-Diluted (in shares) [1] 617,257 615,642 619,749 616,943
Joint Ventures [Member]        
Other income/(expense)        
Equity in income, net $ 17,128 $ 44,130 $ 41,332 $ 67,700
Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income, net 4,519 3,385 6,641 8,758
Kimco Realty OP, LLC [Member]        
Revenues        
Revenues from rental properties, net 439,008 423,273 877,346 845,927
Management and other fee income 3,832 3,925 8,386 8,520
Total revenues 442,840 427,198 885,732 854,447
Operating expenses        
Rent (4,145) (4,070) (8,158) (8,151)
Real estate taxes (57,621) (56,075) (115,127) (110,389)
Operating and maintenance (75,073) (69,784) (150,315) (139,009)
General and administrative (32,734) (27,981) (67,483) (57,929)
Impairment charges 0 (14,419) (11,806) (14,691)
Depreciation and amortization (129,245) (124,611) (255,546) (254,905)
Total operating expenses (298,818) (296,940) (608,435) (585,074)
Gain on sale of properties 13,170 2,944 52,376 7,137
Operating income 157,192 133,202 329,673 276,510
Other income/(expense)        
Special dividend income 0 0 194,116 0
Other income, net 7,571 6,642 10,703 12,625
Gain/(loss) on marketable securities, net 14,561 (261,467) 4,417 (139,703)
Interest expense (60,674) (56,466) (121,980) (113,485)
Early extinguishment of debt charges 0 (57) 0 (7,230)
Income/(loss) before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 118,650 (178,146) 416,929 28,717
(Provision)/benefit for income taxes, net (31,027) (96) (61,856) 57
Net income/(loss) 109,270 (130,727) 403,046 105,232
Net (income)/loss attributable to noncontrolling interests (2,644) 11,226 (6,657) 12,569
Net income/(loss) attributable to the Company 106,626 (119,501) 396,389 117,801
Preferred dividends, net (6,200) (6,250) (12,451) (12,604)
Net income/(loss) available to the Company's common shareholders $ 100,426 $ (125,751) $ 383,938 $ 105,197
Per common share:        
-Basic (in dollars per share) $ 0.16 $ (0.21) $ 0.62 $ 0.17
-Diluted (in dollars per share) $ 0.16 $ (0.21) $ 0.62 $ 0.17
Weighted average shares:        
-Basic (in shares) 617,077 615,642 616,785 615,207
-Diluted (in shares) 617,257 615,642 619,749 616,943
Kimco Realty OP, LLC [Member] | Joint Ventures [Member]        
Other income/(expense)        
Equity in income, net $ 17,128 $ 44,130 $ 41,332 $ 67,700
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income, net $ 4,519 $ 3,385 $ 6,641 $ 8,758
[1] The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income available to the Company's common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 0.3 million, 0 million and 1.2 million stock options that were not dilutive as of December 31, 2022, 2021 and 2020, respectively.