Investments in and Advances to Real Estate Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Equity Method Investments

The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at March 31, 2026 and December 31, 2025 (in millions, except number of properties and GLA):


		Noncontrolling Ownership Interest		The Company’s Investment
Joint Venture		As of March 31, 2026		March 31, 2026				December 31, 2025
Prudential Investment Program		15.0%		$	120.2			$	120.1
Kimco Income Opportunity Portfolio (“KIR”)		52.1%			287.2				287.2
R2G Venture LLC (“R2G”)		51.5%			396.7				401.2
Canada Pension Plan Investment Board (“CPP”)		55.0%			200.5				202.3
Other Institutional Joint Ventures		Various			233.6				236.0
Other Joint Venture Programs		Various			207.8				207.3
Total*				$	1,446.0			$	1,454.1

* Represents 114 property interests, 48 other property interests and 24.4 million square feet of GLA, as of both March 31, 2026 and December 31, 2025.

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, 2026 and December 31, 2025 (dollars in millions):


		As of March 31, 2026												As of December 31, 2025
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		$	233.5				5.19	%			19.3			$	233.9				5.25	%			22.2
KIR			273.0				4.58	%			59.8				274.4				4.58	%			15.2
R2G			71.2				2.90	%			59.7				70.7				2.90	%			62.6
CPP			79.0				5.25	%			4.0				79.3				5.25	%			7.0
Other Institutional Joint Ventures			222.9				5.41	%			44.7				222.7				5.41	%			47.7
Other Joint Venture Programs			535.0				4.86	%			37.7				538.2				5.04	%			33.0
Total		$	1,414.6											$	1,419.2

* 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 months ended March 31, 2026 and 2025 (in millions):


		Three Months Ended March 31,
Joint Venture		2026				2025
Prudential Investment Program		$	2.2			$	3.1
KIR			10.5				10.1
R2G			3.2				2.3
CPP			2.8				3.2
Other Institutional Joint Ventures			1.7				1.1
Other Joint Venture Programs			4.4				2.9
Total		$	24.8			$	22.7