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Note 21 - Earnings Per Share/Units | 3 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | 21. Earnings Per Share/Units The following table sets forth the reconciliation of earnings and the weighted-average number of shares used in the calculation of basic and diluted earnings per share (amounts presented in thousands, except per share data):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Computation of Basic and Diluted Earnings Per Share: |  |  |  |  |  |  |  |
Net (loss)/income available to the Company's common shareholders |  | $ | (18,916 | ) |  | $ | 283,512 |
Earnings attributable to participating securities |  |  | (680 | ) |  |  | (1,766 | )
Net (loss)/income available to the Company’s common shareholders for basic earnings per share |  |  | (19,596 | ) |  |  | 281,746 |
Distributions on convertible units |  |  | - |  |  |  | 1,118 |
Net (loss)/income available to the Company’s common shareholders for diluted earnings per share |  | $ | (19,596 | ) |  | $ | 282,864 |
Weighted average common shares outstanding – basic |  |  | 670,118 |  |  |  | 616,489 |
Effect of dilutive securities (1): |  |  |  |  |  |  |  |
Equity awards |  |  | - |  |  |  | 584 |
Assumed conversion of convertible units |  |  | - |  |  |  | 2,555 |
Weighted average common shares outstanding – diluted |  |  | 670,118 |  |  |  | 619,628 |
Net (loss)/income available to the Company's common shareholders: |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | (0.03 | ) |  | $ | 0.46 |
Diluted earnings per share |  | $ | (0.03 | ) |  | $ | 0.46 |
| (1) | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net (loss)/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.
The following table sets forth the reconciliation of earnings and the weighted-average number of units used in the calculation of basic and diluted earnings per unit (amounts presented in thousands except per unit data):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Computation of Basic and Diluted Earnings Per Unit: |  |  |  |  |  |  |  |
Net (loss)/income available to Kimco OP's common unitholders |  | $ | (18,931 | ) |  | $ | 283,512 |
Earnings attributable to participating securities |  |  | (680 | ) |  |  | (1,766 | )
Net (loss)/income available to Kimco OP's common unitholders for basic earnings per unit |  |  | (19,611 | ) |  |  | 281,746 |
Distributions on convertible units |  |  | - |  |  |  | 1,118 |
Net (loss)/income available to Kimco OP’s common unitholders for diluted earnings per unit |  | $ | (19,611 | ) |  | $ | 282,864 |
Weighted average common units outstanding – basic |  |  | 673,954 |  |  |  | 616,489 |
Effect of dilutive securities (1): |  |  |  |  |  |  |  |
Unit awards |  |  | - |  |  |  | 584 |
Assumed conversion of convertible units |  |  | - |  |  |  | 2,555 |
Weighted average common units outstanding – diluted |  |  | 673,954 |  |  |  | 619,628 |
Net (loss)/income available to Kimco OP's common shareholders: |  |  |  |  |  |  |  |
Basic earnings per unit |  | $ | (0.03 | ) |  | $ | 0.46 |
Diluted earnings per unit |  | $ | (0.03 | ) |  | $ | 0.46 |
| (1) | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net (loss)/income available to Kimco OP's common unitholders per unit. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per unit calculations.
Unvested restricted share awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the unvested restricted share awards on earnings per share has been calculated using the two-class method whereby earnings are allocated to the unvested restricted share awards based on dividends declared and the unvested restricted shares’ participation rights in undistributed earnings.

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