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Investments in and Advances to Real Estate Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2025
Schedule of Equity Method Investments | The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at June 30, 2025 and December 31, 2024 (in millions, except number of properties and GLA):
|  | Noncontrolling Ownership Interest |  | The Company’s Investment |
Joint Venture |  | As of June 30, 2025 |  | June 30, 2025 |  |  | December 31, 2024 |
Prudential Investment Program |  | 15.0% |  | $ | 127.5 |  |  | $ | 133.3 |
Kimco Income Opportunity Portfolio (“KIR”) |  | 52.1% |  |  | 287.0 |  |  |  | 289.1 |
R2G Venture LLC (“R2G”) |  | 51.5% |  |  | 407.5 |  |  |  | 411.8 |
Canada Pension Plan Investment Board (“CPP”) |  | 55.0% |  |  | 203.3 |  |  |  | 202.8 |
Other Institutional Joint Ventures |  | Various |  |  | 232.6 |  |  |  | 237.7 |
Other Joint Venture Programs |  | Various |  |  | 209.0 |  |  |  | 213.0 |
Total* |  |  |  | $ | 1,466.9 |  |  | $ | 1,487.7 |
* Repr esents 115 property interests, 48 other property interests and 24.9 million square feet of GLA, as of June 30, 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 June 30, 2025 and December 31, 2024 (dollars in millions):
|  | As of June 30, 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 |  | $ | 266.9 |  |  |  | 5.38 | % |  |  | 26.3 |  |  | $ | 268.5 |  |  |  | 5.47 | % |  |  | 19.6 |
KIR |  |  | 274.1 |  |  |  | 4.70 | % |  |  | 21.2 |  |  |  | 273.9 |  |  |  | 5.82 | % |  |  | 27.2 |
R2G |  |  | 69.7 |  |  |  | 2.90 | % |  |  | 68.7 |  |  |  | 68.7 |  |  |  | 2.90 | % |  |  | 74.6 |
CPP |  |  | 80.0 |  |  |  | 4.88 | % |  |  | 13.1 |  |  |  | 80.6 |  |  |  | 4.88 | % |  |  | 19.0 |
Other Institutional Joint Ventures |  |  | 235.1 |  |  |  | 5.31 | % |  |  | 17.7 |  |  |  | 234.7 |  |  |  | 5.76 | % |  |  | 23.7 |
Other Joint Venture Programs |  |  | 542.3 |  |  |  | 5.00 | % |  |  | 36.3 |  |  |  | 547.3 |  |  |  | 4.98 | % |  |  | 40.8 |
Total |  | $ | 1,468.1 |  |  |  |  |  |  |  |  | $ | 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 Income for the three and six months ended June 30, 2025 and 2024 (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Joint Venture |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Prudential Investment Program |  | $ | 2.3 |  |  | $ | 4.1 |  |  | $ | 5.4 |  |  | $ | 6.4 |
KIR |  |  | 8.2 |  |  |  | 8.7 |  |  |  | 18.3 |  |  |  | 18.4 |
R2G |  |  | 2.0 |  |  |  | 2.5 |  |  |  | 4.3 |  |  | 4.2 |
CPP |  |  | 3.0 |  |  |  | 2.4 |  |  |  | 6.2 |  |  |  | 4.6 |
Other Institutional Joint Ventures |  |  | 1.0 |  |  |  | 1.0 |  |  |  | 2.1 |  |  |  | 2.4 |
Other Joint Venture Programs (1) |  |  | 7.5 |  |  |  | 2.8 |  |  |  | 10.4 |  |  |  | 6.4 |
Total |  | $ | 24.0 |  |  | $ | 21.5 |  |  | $ | 46.7 |  |  | $ | 42.4 |
(1) During the three months ended June 30, 2025, the Company recognized $4.7 million of equity in income related to the restructuring of a joint venture.

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