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Earnings Per Share/Unit | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share/Unit | 22. Earnings Per Share/Unit The following table sets forth the reconciliation of the Company’s 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Computation of Basic and Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to the Company's common shareholders |  | $ | 155,430 |  |  | $ | 111,777 |  |  | $ | 280,564 |  |  | $ | 92,861 |
Earnings attributable to participating securities |  |  | (622 | ) |  |  | (700 | ) |  |  | (1,227 | ) |  |  | (1,380 | )
Net income available to the Company’s common shareholders for basic and diluted earnings per share |  |  | 154,808 |  |  |  | 111,077 |  |  |  | 279,337 |  |  |  | 91,481 |
Distributions on convertible units |  |  | 9 |  |  |  | - |  |  |  | 18 |  |  |  | - |
Net income available to the Company’s common shareholders for diluted earnings per share |  | $ | 154,817 |  |  | $ | 111,077 |  |  | $ | 279,355 |  |  | $ | 91,481 |
Weighted average common shares outstanding – basic |  |  | 674,613 |  |  |  | 671,198 |  |  |  | 675,837 |  |  |  | 670,658 |
Effect of dilutive securities (1): |  |  |  |  |  |  |  |  |  |  |  |
Equity awards |  |  | 369 |  |  |  | 129 |  |  |  | 317 |  |  |  | 129 |
Assumed conversion of convertible units |  |  | 97 |  |  |  | 57 |  |  |  | 90 |  |  |  | 52 |
Weighted average common shares outstanding – diluted |  |  | 675,079 |  |  |  | 671,384 |  |  |  | 676,244 |  |  |  | 670,839 |
Net income available to the Company's common shareholders: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 0.23 |  |  | $ | 0.17 |  |  | $ | 0.41 |  |  | $ | 0.14 |
Diluted earnings per share |  | $ | 0.23 |  |  | $ | 0.17 |  |  | $ | 0.41 |  |  | $ | 0.14 |
(1) The effect of the assumed conversion of certain convertible units/preferred shares had an anti-dilutive effect upon the calculat ion of Net 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 Kimco OP’s 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Computation of Basic and Diluted Earnings Per Unit: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to Kimco OP’s common unitholders |  | $ | 155,777 |  |  | $ | 111,968 |  |  | $ | 281,122 |  |  | $ | 93,037 |
Earnings attributable to participating securities |  |  | (705 | ) |  |  | (729 | ) |  |  | (1,336 | ) |  |  | (1,438 | )
Net income available to Kimco OP’s common unitholders for basic and diluted earnings per unit |  |  | 155,072 |  |  |  | 111,239 |  |  |  | 279,786 |  |  |  | 91,599 |
Distributions on convertible units |  |  | 9 |  |  |  | - |  |  |  | 18 |  |  |  | - |
Net income available to Kimco OP’s common unitholders for diluted earnings per unit |  | $ | 155,081 |  |  | $ | 111,239 |  |  | $ | 279,804 |  |  | $ | 91,599 |
Weighted average common units outstanding – basic |  |  | 675,609 |  |  |  | 675,189 |  |  |  | 676,818 |  |  |  | 674,572 |
Effect of dilutive securities (1): |  |  |  |  |  |  |  |  |  |  |  |
Unit awards |  |  | 369 |  |  |  | 129 |  |  |  | 317 |  |  |  | 129 |
Assumed conversion of convertible units |  |  | 97 |  |  |  | 56 |  |  |  | 90 |  |  |  | 52 |
Weighted average common units outstanding – diluted |  |  | 676,075 |  |  |  | 675,374 |  |  |  | 677,225 |  |  |  | 674,753 |
Net income available to Kimco OP’s common unitholders: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per unit |  | $ | 0.23 |  |  | $ | 0.16 |  |  | $ | 0.41 |  |  | $ | 0.14 |
Diluted earnings per unit |  | $ | 0.23 |  |  | $ | 0.16 |  |  | $ | 0.41 |  |  | $ | 0.14 |
(1) The effect of the assumed conversion of certain convertible units/preferred units had an anti-dilutive effect upon the calculation of Net income available to Kimco OP’s co mmon unitholders per unit. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per unit calculations. The Company’s unvested restricted share/unit awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the unvested restricted share/unit awards on earnings per share/unit has been calculated using the two-class method whereby earnings are allocated to the unvested restricted share/unit awards based on dividends declared and the unvested restricted shares/units’ participation rights in undistributed earnings.

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