XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.24.3

Investments in and Advances to Real Estate Joint Ventures (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Schedule of Equity Method Investments | The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at September 30, 2024 and December 31, 2023 (dollars in millions):
|  | Noncontrolling Ownership Interest |  | The Company’s Investment |
Joint Venture |  | As of September 30, 2024 |  | September 30, 2024 |  |  | December 31, 2023 |
Prudential Investment Program |  | 15.0% |  | $ | 133.6 |  |  | $ | 138.7 |
Kimco Income Opportunity Portfolio (“KIR”) |  | 52.1% |  |  | 286.2 |  |  |  | 286.3 |
R2G Venture LLC (“R2G”) (1) |  | 51.5% |  |  | 414.4 |  |  |  | - |
Canada Pension Plan Investment Board (“CPP”) |  | 55.0% |  |  | 203.6 |  |  |  | 204.6 |
Other Institutional Joint Ventures |  | Various |  |  | 240.4 |  |  |  | 247.5 |
Other Joint Venture Programs (2) |  | Various |  |  | 214.0 |  |  |  | 210.7 |
Total* |  |  |  | $ | 1,492.2 |  |  | $ | 1,087.8 |
* Rep resents 116 property interests, 48 other property interests and 25.1 million square feet of GLA, as of September 30, 2024, and 104 property interests and 21.1 million square feet of GLA, as of December 31, 2023. (1) In connection with the RPT Merger, the Company acquired ownership in an unconsolidated joint venture with an affiliate of GIC Private Limited, which had a provisional fair market value of $425.9 million at the time of Merger, representing 13 property interests. (2) In connection with the RPT Merger, the Company acquired ownership in an unconsolidated joint venture, which had a provisional fair market value of $7.4 million at the time of Merger, representing 49 other property interests.
Schedule of the Company's Share of Net Income/(Loss) | The table below presents debt balances within the Company’s unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at September 30, 2024 and December 31, 2023 (dollars in millions):
|  | As of September 30, 2024 |  |  | As of December 31, 2023 |
Joint Venture |  | Mortgages and Notes Payable, Net |  |  | Weighted Average Interest Rate |  |  | Weighted Average Remaining Term (months)* |  |  | Mortgages and Notes Payable, Net |  |  | Weighted Average Interest Rate |  |  | Weighted Average Remaining Term (months)* |
Prudential Investment Program |  | $ | 269.2 |  |  |  | 5.90 | % |  |  | 22.7 |  |  | $ | 291.6 |  |  |  | 6.00 | % |  |  | 24.6 |
KIR |  |  | 273.7 |  |  |  | 5.82 | % |  |  | 30.2 |  |  |  | 273.4 |  |  |  | 5.82 | % |  |  | 39.2 |
R2G (1) |  |  | 68.2 |  |  |  | 2.90 | % |  |  | 77.7 |  |  |  | - |  |  |  | - |  |  |  | - |
CPP |  |  | 81.0 |  |  |  | 4.88 | % |  |  | 22.0 |  |  |  | 81.9 |  |  |  | 5.12 | % |  |  | 31.0 |
Other Institutional Joint Ventures |  |  | 234.6 |  |  |  | 5.76 | % |  |  | 26.7 |  |  |  | 234.1 |  |  |  | 5.76 | % |  |  | 35.7 |
Other Joint Venture Programs (2) |  |  | 548.6 |  |  |  | 5.05 | % |  |  | 43.8 |  |  |  | 367.9 |  |  |  | 4.44 | % |  |  | 59.6 |
Total |  | $ | 1,475.3 |  |  |  |  |  |  |  |  | $ | 1,248.9 |  |  |  |  |  |  |
* Includes extension options (1) In connection with the RPT Merger, the Company acquired an ownership interest in this joint venture, which had aggregate secured deb t of $66.7 million (including a fair market value adjustment of $14.4 million). (2) In connection with the RPT Merger, the Company acquired an ownership interest in a joint venture, which had aggregate secured debt of $187.1 million (including a fair market value adjustment of $3.2 million).
Joint Ventures [Member] |
Schedule of Equity Method Investments | The table below presents the Company’s share of net income for the above investments, which is included in Equity in income of joint ventures, net on the Company’s Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2024 and 2023 (in millions):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
Joint Venture |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Prudential Investment Program |  | $ | 3.1 |  |  | $ | 3.4 |  |  | $ | 9.5 |  |  | $ | 15.4 |
KIR |  |  | 8.8 |  |  |  | 8.2 |  |  |  | 27.3 |  |  |  | 26.0 |
R2G |  | 2.6 |  |  |  | - |  |  | 6.8 |  |  |  | - |
CPP |  |  | 2.5 |  |  |  | 1.5 |  |  |  | 7.1 |  |  |  | 6.9 |
Other Institutional Joint Ventures |  |  | 1.0 |  |  |  | 0.7 |  |  |  | 3.3 |  |  |  | 2.2 |
Other Joint Venture Programs |  |  | 3.0 |  |  |  | 2.5 |  |  |  | 9.4 |  |  |  | 7.1 |
Total |  | $ | 21.0 |  |  | $ | 16.3 |  |  | $ | 63.4 |  |  | $ | 57.6 |

X
- Definition The tabular disclosure of joint venture investments accounted for under the equity method debt details. + References No definition available. + Details
Name: | kim_JointVentureInvestmentsAccountedForUnderTheEquityMethodDebtDetailsTableTextBlock
Namespace Prefix: | kim_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=kim_JointVenturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |