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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenues from rental properties, net $ 502,875 $ 441,816 $ 1,498,001 $ 1,319,162
Management and other fee income 4,757 4,249 13,616 12,635
Total revenues 507,632 446,065 1,511,617 1,331,797
Operating expenses        
Rent (4,239) (3,939) (12,744) (12,097)
Real estate taxes (64,996) (57,875) (194,538) (173,002)
Operating and maintenance (88,744) (76,604) (262,267) (226,919)
General and administrative (33,850) (33,697) (103,238) (101,180)
Impairment charges (375) (2,237) (4,277) (14,043)
Merger charges 0 (3,750) (25,246) (3,750)
Depreciation and amortization (144,688) (127,437) (447,555) (382,983)
Total operating expenses (336,892) (305,539) (1,049,865) (913,974)
Gain on sale of properties 551 0 944 52,376
Operating income 171,291 140,526 462,696 470,199
Other income/(expense)        
Special dividend income 0 0 0 194,116
Other income, net 22,203 8,377 39,953 19,080
Gain/(loss) on marketable securities, net 79 13,225 (27,613) 17,642
Interest expense (76,216) (60,424) (224,122) (182,404)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 117,357 101,704 250,914 518,633
(Provision)/benefit for income taxes, net (128) 729 (72,355) (61,127)
Net income 138,426 120,790 251,440 523,836
Net income attributable to noncontrolling interests (2,443) (2,551) (6,693) (9,208)
Net income attributable to the Company 135,983 118,239 244,747 514,628
Preferred dividends, net (7,961) (6,285) (23,864) (18,736)
Net income available to the Company's common shareholders $ 128,022 $ 111,954 $ 220,883 $ 495,892
Per common share:        
-Basic (in dollars per share) $ 0.19 $ 0.18 $ 0.32 $ 0.8
-Diluted (in dollars per share) $ 0.19 $ 0.18 $ 0.32 $ 0.8
Weighted average shares:        
-Basic (in shares) 671,231 617,090 670,851 616,888
-Diluted (in shares) 671,577 617,271 671,096 619,495
Joint Ventures [Member]        
Other income/(expense)        
Equity in income, net $ 20,981 $ 16,257 $ 63,413 $ 57,589
Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income, net 216 2,100 9,468 8,741
Kimco Realty OP, LLC [Member]        
Revenues        
Revenues from rental properties, net 502,875 441,816 1,498,001 1,319,162
Management and other fee income 4,757 4,249 13,616 12,635
Total revenues 507,632 446,065 1,511,617 1,331,797
Operating expenses        
Rent (4,239) (3,939) (12,744) (12,097)
Real estate taxes (64,996) (57,875) (194,538) (173,002)
Operating and maintenance (88,744) (76,604) (262,267) (226,919)
General and administrative (33,850) (33,697) (103,238) (101,180)
Impairment charges (375) (2,237) (4,277) (14,043)
Merger charges 0 (3,750) (25,246) (3,750)
Depreciation and amortization (144,688) (127,437) (447,555) (382,983)
Total operating expenses (336,892) (305,539) (1,049,865) (913,974)
Gain on sale of properties 551 0 944 52,376
Operating income 171,291 140,526 462,696 470,199
Other income/(expense)        
Special dividend income 0 0 0 194,116
Other income, net 22,203 8,377 39,953 19,080
Gain/(loss) on marketable securities, net 79 13,225 (27,613) 17,642
Interest expense (76,216) (60,424) (224,122) (182,404)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 117,357 101,704 250,914 518,633
(Provision)/benefit for income taxes, net (128) 729 (72,355) (61,127)
Net income 138,426 120,790 251,440 523,836
Net income attributable to noncontrolling interests (2,227) (2,551) (6,301) (9,208)
Net income attributable to the Company 136,199 118,239 245,139 514,628
Preferred dividends, net (7,961) (6,285) (23,864) (18,736)
Net income available to the Company's common shareholders $ 128,238 $ 111,954 $ 221,275 $ 495,892
Per common share:        
-Basic (in dollars per share) $ 0.19 $ 0.18 $ 0.32 $ 0.8
-Diluted (in dollars per share) $ 0.19 $ 0.18 $ 0.32 $ 0.8
Weighted average shares:        
-Basic (in shares) 672,185 617,090 671,801 616,888
-Diluted (in shares) 672,531 617,271 672,045 619,495
Kimco Realty OP, LLC [Member] | Joint Ventures [Member]        
Other income/(expense)        
Equity in income, net $ 20,981 $ 16,257 $ 63,413 $ 57,589
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income, net $ 216 $ 2,100 $ 9,468 $ 8,741