v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Revenues from rental properties, net $ 552,812 $ 531,286
Management and other fee income 5,204 5,338
Total revenues 558,016 536,624
Operating expenses    
Rent (4,147) (4,184)
Real estate taxes (72,842) (69,911)
Operating and maintenance (95,229) (89,553)
General and administrative (37,187) (34,392)
Impairment charges (50) (534)
Depreciation and amortization (156,496) (158,453)
Total operating expenses (365,951) (357,027)
Gain on sale of properties 15,707 887
Operating income 207,772 180,484
Other income/(expense)    
Other (expense)/income, net (1,619) 207
Mortgage and other financing income, net 12,475 11,269
Interest expense (83,125) (80,377)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 135,503 111,583
Benefit/(provision) for income taxes, net 239 (464)
Equity in income of joint ventures, net 24,811 22,683
Equity in income of other investments, net 5,794 701
Net income 166,347 134,503
Net income attributable to noncontrolling interests (1,449) (1,686)
Net income attributable to the Company 164,898 132,817
Preferred dividends, net (7,536) (7,683)
Net income available to the Company's common shareholders $ 157,362 $ 125,134
Per common share:    
-Basic (in dollars per share) $ 0.23 $ 0.18
-Diluted (in dollars per share) $ 0.23 $ 0.18
Weighted average shares:    
-Basic (in shares) 671,826 677,074
-Diluted (in shares) 672,771 677,299
Kimco Realty OP, LLC [Member]    
Revenues    
Revenues from rental properties, net $ 552,812 $ 531,286
Management and other fee income 5,204 5,338
Total revenues 558,016 536,624
Operating expenses    
Rent (4,147) (4,184)
Real estate taxes (72,842) (69,911)
Operating and maintenance (95,229) (89,553)
General and administrative (37,187) (34,392)
Impairment charges (50) (534)
Depreciation and amortization (156,496) (158,453)
Total operating expenses (365,951) (357,027)
Gain on sale of properties 15,707 887
Operating income 207,772 180,484
Other income/(expense)    
Other (expense)/income, net (1,619) 207
Mortgage and other financing income, net 12,475 11,269
Interest expense (83,125) (80,377)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 135,503 111,583
Benefit/(provision) for income taxes, net 239 (464)
Equity in income of joint ventures, net 24,811 22,683
Equity in income of other investments, net 5,794 701
Net income 166,347 134,503
Net income attributable to noncontrolling interests (1,019) (1,475)
Net income attributable to the Company 165,328 133,028
Preferred dividends, net (7,536) (7,683)
Net income available to the Company's common shareholders $ 157,792 $ 125,345
Per common share:    
-Basic (in dollars per share) $ 0.23 $ 0.18
-Diluted (in dollars per share) $ 0.23 $ 0.18
Weighted average shares:    
-Basic (in shares) 672,871 678,040
-Diluted (in shares) 673,816 678,265