v3.26.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Revenues from rental properties, net $ 539,725 $ 531,113 $ 1,638,960 $ 1,583,329
Management and other fee income 6,422 4,748 16,004 14,331
Total revenues 546,147 535,861 1,654,964 1,597,660
Operating expenses        
Rent (4,226) (4,164) (12,455) (12,590)
Real estate taxes (68,015) (67,384) (212,089) (203,854)
Operating and maintenance (89,416) (92,434) (279,776) (273,056)
General and administrative (29,959) (29,646) (97,095) (96,485)
Impairment charges (7,984) (440) (14,650) (8,619)
Depreciation and amortization (155,945) (158,269) (461,450) (473,045)
Total operating expenses (355,545) (352,337) (1,077,515) (1,067,649)
Gain on sale of properties 89,382 3,705 106,451 43,514
Operating income 279,984 187,229 683,900 573,525
Other income/(expense)        
Other income/(expense), net 3,186 (2,319) (63) 789
Mortgage and other financing income, net 12,630 12,375 36,549 35,706
Interest expense (87,721) (84,261) (254,751) (245,842)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income/(loss) of other investments, net 208,079 113,024 465,635 364,178
(Provision)/benefit for income taxes, net (149) 875 86 45
Equity in income of joint ventures, net 73,909 26,967 131,166 73,640
Equity in income/(loss) of other investments, net 229 (811) 5,491 1,637
Net income 282,068 140,055 602,378 439,500
Net income attributable to noncontrolling interests (2,994) (2,280) (5,112) (5,922)
Net income attributable to the Company 279,074 137,775 597,266 433,578
Preferred dividends, net (6,609) (7,536) (21,681) (22,775)
Net income available to the Company's common shareholders $ 272,465 $ 130,239 $ 575,585 $ 410,803
Per common share:        
-Basic (in dollars per share) $ 0.41 $ 0.19 $ 0.86 $ 0.61
-Diluted (in dollars per share) $ 0.41 $ 0.19 $ 0.85 $ 0.6
Weighted average shares:        
-Basic (in shares) 666,460 674,639 669,814 675,433
-Diluted (in shares) 669,193 675,423 673,989 676,286
Kimco Realty OP, LLC [Member]        
Revenues        
Revenues from rental properties, net $ 539,725 $ 531,113 $ 1,638,960 $ 1,583,329
Management and other fee income 6,422 4,748 16,004 14,331
Total revenues 546,147 535,861 1,654,964 1,597,660
Operating expenses        
Rent (4,226) (4,164) (12,455) (12,590)
Real estate taxes (68,015) (67,384) (212,089) (203,854)
Operating and maintenance (89,416) (92,434) (279,776) (273,056)
General and administrative (29,959) (29,646) (97,095) (96,485)
Impairment charges (7,984) (440) (14,650) (8,619)
Depreciation and amortization (155,945) (158,269) (461,450) (473,045)
Total operating expenses (355,545) (352,337) (1,077,515) (1,067,649)
Gain on sale of properties 89,382 3,705 106,451 43,514
Operating income 279,984 187,229 683,900 573,525
Other income/(expense)        
Other income/(expense), net 3,186 (2,319) (63) 789
Mortgage and other financing income, net 12,630 12,375 36,549 35,706
Interest expense (87,721) (84,261) (254,751) (245,842)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income/(loss) of other investments, net 208,079 113,024 465,635 364,178
(Provision)/benefit for income taxes, net (149) 875 86 45
Equity in income of joint ventures, net 73,909 26,967 131,166 73,640
Equity in income/(loss) of other investments, net 229 (811) 5,491 1,637
Net income 282,068 140,055 602,378 439,500
Net income attributable to noncontrolling interests (2,266) (1,986) (3,555) (5,070)
Net income attributable to the Company 279,802 138,069 598,823 434,430
Preferred dividends, net (6,609) (7,536) (21,681) (22,775)
Net income available to the Company's common shareholders $ 273,193 $ 130,533 $ 577,142 $ 411,655
Per common share:        
-Basic (in dollars per share) $ 0.41 $ 0.19 $ 0.86 $ 0.61
-Diluted (in dollars per share) $ 0.41 $ 0.19 $ 0.86 $ 0.6
Weighted average shares:        
-Basic (in shares) 667,542 675,641 670,885 676,421
-Diluted (in shares) 672,405 676,425 673,989 677,274