XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Revenues from rental properties, net $ 531,113 $ 502,875 $ 1,583,329 $ 1,498,001
Management and other fee income 4,748 4,757 14,331 13,616
Total revenues 535,861 507,632 1,597,660 1,511,617
Operating expenses        
Rent (4,164) (4,239) (12,590) (12,744)
Real estate taxes (67,384) (64,996) (203,854) (194,538)
Operating and maintenance (92,434) (88,744) (273,056) (262,267)
General and administrative (29,646) (33,850) (96,485) (103,238)
Impairment charges (440) (375) (8,619) (4,277)
Merger charges 0 0 0 (25,246)
Depreciation and amortization (158,269) (144,688) (473,045) (447,555)
Total operating expenses (352,337) (336,892) (1,067,649) (1,049,865)
Gain on sale of properties 3,705 551 43,514 944
Operating income 187,229 171,291 573,525 462,696
Other income/(expense)        
Other (expense)/income, net (2,362) 10,284 757 20,764
Mortgage and other financing income, net 12,375 11,919 35,706 19,189
Gain/(loss) on marketable securities, net 43 79 32 (27,613)
Interest expense (84,261) (76,216) (245,842) (224,122)
Income before income taxes, net, equity in income of joint ventures,net, and equity in (loss)/income from other investments, net 113,024 117,357 364,178 250,914
Benefit/(provision) for income taxes, net 875 (128) 45 (72,355)
Equity in income of joint ventures, net 26,967 20,981 73,640 63,413
Equity in (loss)/income of other investments, net (811) 216 1,637 9,468
Net income 140,055 138,426 439,500 251,440
Net income attributable to noncontrolling interests (2,280) (2,443) (5,922) (6,693)
Net income attributable to the Company 137,775 135,983 433,578 244,747
Preferred dividends, net (7,536) (7,961) (22,775) (23,864)
Net income available to the Company's common shareholders $ 130,239 $ 128,022 $ 410,803 $ 220,883
Per common share:        
-Basic (in dollars per share) $ 0.19 $ 0.19 $ 0.61 $ 0.32
-Diluted (in dollars per share) $ 0.19 $ 0.19 $ 0.6 $ 0.32
Weighted average shares:        
-Basic (in shares) 674,639 671,231 675,433 670,851
-Diluted (in shares) 675,423 671,577 676,286 671,096
Kimco Realty OP, LLC [Member]        
Revenues        
Revenues from rental properties, net $ 531,113 $ 502,875 $ 1,583,329 $ 1,498,001
Management and other fee income 4,748 4,757 14,331 13,616
Total revenues 535,861 507,632 1,597,660 1,511,617
Operating expenses        
Rent (4,164) (4,239) (12,590) (12,744)
Real estate taxes (67,384) (64,996) (203,854) (194,538)
Operating and maintenance (92,434) (88,744) (273,056) (262,267)
General and administrative (29,646) (33,850) (96,485) (103,238)
Impairment charges (440) (375) (8,619) (4,277)
Merger charges 0 0 0 (25,246)
Depreciation and amortization (158,269) (144,688) (473,045) (447,555)
Total operating expenses (352,337) (336,892) (1,067,649) (1,049,865)
Gain on sale of properties 3,705 551 43,514 944
Operating income 187,229 171,291 573,525 462,696
Other income/(expense)        
Other (expense)/income, net (2,362) 10,284 757 20,764
Mortgage and other financing income, net 12,375 11,919 35,706 19,189
Gain/(loss) on marketable securities, net 43 79 32 (27,613)
Interest expense (84,261) (76,216) (245,842) (224,122)
Income before income taxes, net, equity in income of joint ventures,net, and equity in (loss)/income from other investments, net 113,024 117,357 364,178 250,914
Benefit/(provision) for income taxes, net 875 (128) 45 (72,355)
Equity in income of joint ventures, net 26,967 20,981 73,640 63,413
Equity in (loss)/income of other investments, net (811) 216 1,637 9,468
Net income 140,055 138,426 439,500 251,440
Net income attributable to noncontrolling interests (1,986) (2,227) (5,070) (6,301)
Net income attributable to the Company 138,069 136,199 434,430 245,139
Preferred dividends, net (7,536) (7,961) (22,775) (23,864)
Net income available to the Company's common shareholders $ 130,533 $ 128,238 $ 411,655 $ 221,275
Per common share:        
-Basic (in dollars per share) $ 0.19 $ 0.19 $ 0.61 $ 0.32
-Diluted (in dollars per share) $ 0.19 $ 0.19 $ 0.6 $ 0.32
Weighted average shares:        
-Basic (in shares) 675,641 672,185 676,421 671,801
-Diluted (in shares) 676,425 672,531 677,274 672,045