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Note 3 - RPT Merger (Tables) | 3 Months Ended
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Mar. 31, 2024
Notes Tables |
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] |
|  | Common Shares (1) |  |  | OP Units |  |  | Cumulative Convertible Perpetual Preferred Shares |
RPT shares/units outstanding as of January 2, 2024 |  |  | 87,675 |  |  |  | 1,576 |  |  |  | 1,849 |
Exchange ratio |  |  | 0.6049 |  |  |  | 0.6049 |  |  |  | 1.0000 |
Kimco shares/units issued |  |  | 53,034 |  |  |  | 953 |  |  |  | 1,849 |
Value of Kimco stock per share/unit |  | $ | 22.0005 |  |  | $ | 22.0005 |  |  | $ | 57.13 |
Equity consideration given from Kimco shares/units issued |  | $ | 1,166,775 |  |  | $ | 20,975 |  |  | $ | 105,607 |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
|  | Calculated Value of RPT Consideration |  |  | Cash Consideration* |  |  | Total Value of Consideration |
As of January 2, 2024 |  | $ | 1,293,357 |  |  | $ | 149,103 |  |  | $ | 1,442,460 |
Schedule of Recognized Identifiable Assets and Liabilities Attributable to Business Combination [Table Text Block] |
|  | Provisional Allocation as of March 31, 2024 |
Land |  | $ | 312,663 |
Building and improvements |  |  | 1,340,164 |
In-place leases |  |  | 220,607 |
Above-market leases |  |  | 12,872 |
Real estate assets |  |  | 1,886,306 |
Investments in and advances to real estate joint ventures |  |  | 433,345 |
Investments in and advances to other investments |  |  | 12,672 |
Operating lease right-of-use assets, net |  |  | 6,128 |
Accounts receivable and other assets |  |  | 57,529 |
Total assets acquired |  |  | 2,395,980 |
Notes payable |  |  | (821,500 | )
Accounts payable and other liabilities |  |  | (50,713 | )
Operating lease liabilities |  |  | (13,506 | )
Below-market leases |  |  | (67,801 | )
Total liabilities assumed |  |  | (953,520 | )
Total purchase price |  | $ | 1,442,460 |
|  | Weighted Average Amortization Period (in Years) |
Land |  |  | n/a |
Building |  |  | 50.0 |
Building improvements |  |  | 45.0 |
Tenant improvements |  |  | 3.7 |
In-place leases |  |  | 3.0 |
Above-market leases |  |  | 3.7 |
Below-market leases |  |  | 22.0 |
Operating right-of-use assets |  |  | 81.3 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Revenues from rental properties, net |  | $ | 498.9 |  |  | $ | 483.0 |
Net income (1) |  | $ | 16.2 |  |  | $ | 269.9 |
Net income available to the Company’s common shareholders (1) |  | $ | 6.3 |  |  | $ | 259.7 |

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