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Investments in and Advances to Real Estate Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2025
Schedule of Equity Method Investments | The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at March 31, 2025 and December 31, 2024 (in millions, except number of properties and GLA):
|  | Noncontrolling Ownership Interest |  | The Company’s Investment |
Joint Venture |  | As of March 31, 2025 |  | March 31, 2025 |  |  | December 31, 2024 |
Prudential Investment Program |  | 15.0% |  | $ | 127.7 |  |  | $ | 133.3 |
Kimco Income Opportunity Portfolio (“KIR”) |  | 52.1% |  |  | 288.6 |  |  |  | 289.1 |
R2G Venture LLC (“R2G”) |  | 51.5% |  |  | 409.9 |  |  |  | 411.8 |
Canada Pension Plan Investment Board (“CPP”) |  | 55.0% |  |  | 204.3 |  |  |  | 202.8 |
Other Institutional Joint Ventures |  | Various |  |  | 234.8 |  |  |  | 237.7 |
Other Joint Venture Programs |  | Various |  |  | 211.5 |  |  |  | 213.0 |
Total* |  |  |  | $ | 1,476.8 |  |  | $ | 1,487.7 |
* Represents 115 property interests, 48 other property interests and 25.0 million square feet of GLA, as of March 31, 2025, and 116 property interests, 48 other property interests and 25.1 million square feet of GLA, as of December 31, 2024.
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 March 31, 2025 and December 31, 2024 (dollars in millions):
|  | As of March 31, 2025 |  |  | As of December 31, 2024 |
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 |  | $ | 267.8 |  |  |  | 5.38 | % |  |  | 29.2 |  |  | $ | 268.5 |  |  |  | 5.47 | % |  |  | 19.6 |
KIR |  |  | 274.0 |  |  |  | 4.70 | % |  |  | 24.2 |  |  |  | 273.9 |  |  |  | 5.82 | % |  |  | 27.2 |
R2G |  |  | 69.2 |  |  |  | 2.90 | % |  |  | 71.7 |  |  |  | 68.7 |  |  |  | 2.90 | % |  |  | 74.6 |
CPP |  |  | 80.3 |  |  |  | 4.88 | % |  |  | 16.0 |  |  |  | 80.6 |  |  |  | 4.88 | % |  |  | 19.0 |
Other Institutional Joint Ventures |  |  | 234.9 |  |  |  | 5.99 | % |  |  | 20.7 |  |  |  | 234.7 |  |  |  | 5.76 | % |  |  | 23.7 |
Other Joint Venture Programs |  |  | 544.9 |  |  |  | 4.96 | % |  |  | 37.8 |  |  |  | 547.3 |  |  |  | 4.98 | % |  |  | 40.8 |
Total |  | $ | 1,471.1 |  |  |  |  |  |  |  |  | $ | 1,473.7 |  |  |  |  |  |  |
* Includes extension options
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 Operations for the three months ended March 31, 2025 and 2024 (in millions):
|  | Three Months Ended March 31, |
Joint Venture |  | 2025 |  |  | 2024 |
Prudential Investment Program |  | $ | 3.1 |  |  | $ | 2.3 |
KIR |  |  | 10.1 |  |  |  | 9.7 |
R2G |  | 2.3 |  |  |  | 1.7 |
CPP |  |  | 3.2 |  |  |  | 2.1 |
Other Institutional Joint Ventures |  |  | 1.1 |  |  |  | 1.4 |
Other Joint Venture Programs |  |  | 2.9 |  |  |  | 3.7 |
Total |  | $ | 22.7 |  |  | $ | 20.9 |

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- 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
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