Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended |
Jun. 30, 2024 | Jun. 30, 2023 |
Cash flow from operating activities: | | |
Net income | $ 113,014 | $ 403,046 |
Adjustments to reconcile net income to net cash flow provided by operating activities: | | |
Depreciation and amortization | 302,867 | 255,546 |
Impairment charges | 3,902 | 11,806 |
Straight-line rental income adjustments, net | (12,934) | (12,001) |
Amortization of above-market and below-market leases, net | (10,345) | (10,002) |
Amortization of deferred financing costs and fair value debt adjustments, net | (910) | (4,656) |
Equity award expense | 18,293 | 17,457 |
Gain on sale of properties | (393) | (52,376) |
Loss/(gain) on marketable securities, net | 27,692 | (4,417) |
Change in fair value of embedded derivative liability | 3,079 | 0 |
Distributions from joint ventures and other investments | 52,664 | 35,742 |
Change in accounts and notes receivable, net | 29,459 | 21,605 |
Change in accounts payable and accrued expenses | 9,603 | 1,237 |
Change in other operating assets and liabilities, net | (14,157) | (14,735) |
Net cash flow provided by operating activities | 470,150 | 600,279 |
Cash flow from investing activities: | | |
Acquisition of operating real estate and other related net assets | 0 | (98,546) |
Improvements to operating real estate | (128,594) | (108,346) |
Acquisition of RPT Realty | (149,103) | 0 |
Investment in marketable securities | (11) | (2,988) |
Proceeds from sale of marketable securities | 300,763 | 290,311 |
Investment in cost method investment | (36) | (1,532) |
Investments in and advances to real estate joint ventures | (3,182) | (18,751) |
Reimbursements of investments in and advances to real estate joint ventures | 18,159 | 7,961 |
Investments in and advances to other investments | (3,913) | (10,192) |
Reimbursements of investments in and advances to other investments | 2,856 | 419 |
Investment in mortgage and other financing receivables | (178,934) | (11,211) |
Collection of mortgage and other financing receivables | 61,122 | 84 |
Proceeds from sale of properties | 70,341 | 115,714 |
Net cash flow (used for)/provided by investing activities | (10,532) | 162,923 |
Cash flow from financing activities: | | |
Principal payments on debt, excluding normal amortization of rental property debt | (11,774) | (49,187) |
Principal payments on rental property debt | (4,963) | (5,621) |
Proceeds from issuance of unsecured term loans | 510,000 | 0 |
Proceeds from unsecured revolving credit facility, net | 220,000 | 0 |
Financing origination costs | (1,563) | (6,041) |
Contributions from noncontrolling interests | 0 | 4 |
Redemption/distribution of noncontrolling interests | (8,318) | (5,752) |
Dividends paid | (338,085) | (297,748) |
Proceeds from issuance of stock/units | 0 | 3,727 |
Repurchase of preferred stock/units | 0 | (1,491) |
Shares/Units repurchased for employee tax withholding on equity awards | (14,665) | (16,124) |
Change in tenants' security deposits | 1,248 | 1,679 |
Net cash flow used for financing activities | (1,115,820) | (376,554) |
Net change in cash, cash equivalents and restricted cash | (656,202) | 386,648 |
Cash, cash equivalents and restricted cash, beginning of the period | 783,757 | 149,829 |
Cash, cash equivalents and restricted cash, end of the period | 127,555 | 536,477 |
Supplemental Cash Flow Information [Abstract] | | |
Interest paid (net of capitalized interest of $1,153 and $854, respectively) | 150,906 | 124,674 |
Income taxes paid, net of refunds | 57,805 | 56,774 |
Unsecured Term Loan [Member] | | |
Cash flow from financing activities: | | |
Repayments of unsecured term loans | (310,000) | 0 |
Senior Unsecured Notes [Member] | | |
Cash flow from financing activities: | | |
Repayments of unsecured term loans | (1,157,700) | 0 |
Joint Ventures [Member] | | |
Adjustments to reconcile net income to net cash flow provided by operating activities: | | |
Equity in income, net | (42,432) | (41,332) |
Other Real Estate Investments [Member] | | |
Adjustments to reconcile net income to net cash flow provided by operating activities: | | |
Equity in income, net | (9,252) | (6,641) |
Kimco Realty OP, LLC [Member] | | |
Cash flow from operating activities: | | |
Net income | 113,014 | 403,046 |
Adjustments to reconcile net income to net cash flow provided by operating activities: | | |
Depreciation and amortization | 302,867 | 255,546 |
Impairment charges | 3,902 | 11,806 |
Straight-line rental income adjustments, net | (12,934) | (12,001) |
Amortization of above-market and below-market leases, net | (10,345) | (10,002) |
Amortization of deferred financing costs and fair value debt adjustments, net | (910) | (4,656) |
Equity award expense | 18,293 | 17,457 |
Gain on sale of properties | (393) | (52,376) |
Loss/(gain) on marketable securities, net | 27,692 | (4,417) |
Change in fair value of embedded derivative liability | 3,079 | 0 |
Distributions from joint ventures and other investments | 52,664 | 35,742 |
Change in accounts and notes receivable, net | 29,459 | 21,605 |
Change in accounts payable and accrued expenses | 9,603 | 1,237 |
Change in other operating assets and liabilities, net | (14,157) | (14,735) |
Net cash flow provided by operating activities | 470,150 | 600,279 |
Cash flow from investing activities: | | |
Acquisition of operating real estate and other related net assets | 0 | (98,546) |
Improvements to operating real estate | (128,594) | (108,346) |
Acquisition of RPT Realty | (149,103) | 0 |
Investment in marketable securities | (11) | (2,988) |
Proceeds from sale of marketable securities | 300,763 | 290,311 |
Investment in cost method investment | (36) | (1,532) |
Investments in and advances to real estate joint ventures | (3,182) | (18,751) |
Reimbursements of investments in and advances to real estate joint ventures | 18,159 | 7,961 |
Investments in and advances to other investments | (3,913) | (10,192) |
Reimbursements of investments in and advances to other investments | 2,856 | 419 |
Investment in mortgage and other financing receivables | (178,934) | (11,211) |
Collection of mortgage and other financing receivables | 61,122 | 84 |
Proceeds from sale of properties | 70,341 | 115,714 |
Net cash flow (used for)/provided by investing activities | (10,532) | 162,923 |
Cash flow from financing activities: | | |
Principal payments on debt, excluding normal amortization of rental property debt | (11,774) | (49,187) |
Principal payments on rental property debt | (4,963) | (5,621) |
Proceeds from issuance of unsecured term loans | 510,000 | 0 |
Proceeds from unsecured revolving credit facility, net | 220,000 | 0 |
Financing origination costs | (1,563) | (6,041) |
Contributions from noncontrolling interests | 0 | 4 |
Redemption/distribution of noncontrolling interests | (8,318) | (5,752) |
Dividends paid | (338,085) | (297,748) |
Proceeds from issuance of stock/units | 0 | 3,727 |
Repurchase of preferred stock/units | 0 | (1,491) |
Shares/Units repurchased for employee tax withholding on equity awards | (14,665) | (16,124) |
Change in tenants' security deposits | 1,248 | 1,679 |
Net cash flow used for financing activities | (1,115,820) | (376,554) |
Net change in cash, cash equivalents and restricted cash | (656,202) | 386,648 |
Cash, cash equivalents and restricted cash, beginning of the period | 783,757 | 149,829 |
Cash, cash equivalents and restricted cash, end of the period | 127,555 | 536,477 |
Supplemental Cash Flow Information [Abstract] | | |
Interest paid (net of capitalized interest of $1,153 and $854, respectively) | 150,906 | 124,674 |
Income taxes paid, net of refunds | 57,805 | 56,774 |
Kimco Realty OP, LLC [Member] | Unsecured Term Loan [Member] | | |
Cash flow from financing activities: | | |
Repayments of unsecured term loans | (310,000) | 0 |
Kimco Realty OP, LLC [Member] | Senior Unsecured Notes [Member] | | |
Cash flow from financing activities: | | |
Repayments of unsecured term loans | (1,157,700) | 0 |
Kimco Realty OP, LLC [Member] | Joint Ventures [Member] | | |
Adjustments to reconcile net income to net cash flow provided by operating activities: | | |
Equity in income, net | (42,432) | (41,332) |
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member] | | |
Adjustments to reconcile net income to net cash flow provided by operating activities: | | |
Equity in income, net | $ (9,252) | $ (6,641) |