Kimco Realty (KIM) 10-K 1 Mar 10 2009 FY Annual report Financial data

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (USD $)
In Thousands	Dec. 31, 2009	Dec. 31, 2008
Rental property
Land	$1,919,337	$1,395,645
Building and improvements	6,497,219	5,454,296
[RentalProperties]	8,416,556	6,849,941
Less, accumulated depreciation and amortization	1,343,148	1,159,664
[LandAndBuildingImprovementsLessAccumulatedDepreciationAndAmortization]	7,073,408	5,690,277
Real estate under development	465,785	968,975
Real estate, net	7,539,193	6,659,252
Investments and advances in real estate joint ventures	1,103,625	1,161,382
Other real estate investments	553,244	566,324
Mortgages and other financing receivables	131,332	181,992
Cash and cash equivalents	122,058	136,177
Marketable securities	209,593	258,174
Accounts and notes receivable	113,610	93,732
Deferred charges and prepaid expenses	160,995	122,481
Other assets	228,555	217,633
Total assets	10,162,205	9,397,147
Liabilities Stockholders' Equity:
Notes payable	3,000,303	3,440,818
Mortgages payable	1,388,259	847,491
Construction loans payable	45,821	268,337
Accounts payable and accrued expenses	142,116	151,241
Dividends payable	76,707	131,097
Other liabilities	290,717	237,577
Total liabilities	4,943,923	5,076,561
Redeemable noncontrolling interests	100,304	115,853
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Common stock, $.01 par value, authorized 750,000,000 shares Issued and outstanding 405,532,566, 271,080,525 and 253,350,144, shares, respectively.	4,055	2,711
Paid-in capital	5,283,204	4,217,806
Cumulative distributions in excess of net income	(338,738)	(58,162)
[TotalStockholdersEquityExcludingAccumulatedOtherComprehensiveIncome]	4,949,405	4,163,239
Accumulated other comprehensive income	(96,432)	(179,541)
Total stockholders' equity	4,852,973	3,983,698
Noncontrolling interests	265,005	221,035
Total equity	5,117,978	4,204,733
Total liabilities and equity	10,162,205	9,397,147
Series F Preferred Stock [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Preferred stock	700	700
Series G Preferred Stock [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Preferred stock	184	184
Accumulated Other Comprehensive Income [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Total equity	(96,432)	(179,541)
Common Stock [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Total equity	4,055	2,711
Retained Earnings [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Total equity	(338,738)	(58,162)
Preferred Stock [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Total equity	884	884
Additional Paid-in Capital [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Total equity	5,283,204	4,217,806
Parent [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Total equity	4,852,973	3,983,698
Noncontrolling Interest [Member]
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Total equity	$265,005	$221,035

1_Condensed Consolidated Balanc

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, except Share data	Dec. 31, 2009	Dec. 31, 2008
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$1	$1
Preferred Stock, Shares Authorized (in shares)	3,232,000	3,232,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	0.01	0.01
Common Stock, Shares Authorized (in shares)	750,000,000	750,000,000
Common Stock, Shares, Issued (in shares)	405,532,566	271,080,525
Common Stock, Shares, Outstanding (in shares)	405,532,566	271,080,525
Series F Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$1	$1
Preferred Stock, Shares Authorized (in shares)	700,000	700,000
Preferred Stock, Shares Issued (in shares)	700,000	700,000
Preferred Stock, Shares Outstanding (in shares)	700,000	700,000
Aggregate liquidation preference	$175,000	$175,000
Series G Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$1	$1
Preferred Stock, Shares Authorized (in shares)	184,000	184,000
Preferred Stock, Shares Issued (in shares)	184,000	184,000
Preferred Stock, Shares Outstanding (in shares)	184,000	184,000
Aggregate liquidation preference	$460,000	$460,000

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Condensed Consolidated Statements Of Operations [Abstract]
Revenues from rental property	$786,887	$758,704	$674,534
Rental property expenses:
Rent	(14,082)	(13,367)	(12,131)
Real estate taxes	(112,405)	(98,005)	(82,508)
Operating and maintenance	(110,056)	(104,698)	(89,098)
Impairment of property carrying values	(50,000)
Mortgage and other financing income	14,956	18,333	14,197
Management and other fee income	42,486	47,666	54,844
Depreciation and amortization	(227,729)	(206,002)	(190,116)
General and administrative expenses	(110,091)	(116,187)	(101,829)
Interest, dividends and other investment income	33,098	56,119	36,238
Other expense, net	(893)	(2,208)	(10,550)
Interest expense	(209,879)	(212,591)	(213,086)
Income from other real estate investments	36,199	86,643	78,524
Gain on sale of development properties	5,751	36,565	40,099
Impairments:
Real estate under development	(2,100)	(13,613)	(8,500)
Investments in other real estate investments	(49,279)
Marketable securities and other investments	(30,050)	(118,416)	(5,296)
Investments in real estate joint ventures	(43,658)	(15,500)
(Loss)/income from continuing operations before income taxes and equity in income of joint ventures	(40,845)	103,443	185,322
Benefit for income taxes	36,622	12,974	31,850
Equity in income of joint ventures, net	6,309	132,208	173,362
Income from continuing operations	2,086	248,625	390,534
Discontinued operations:
(Loss)/income from discontinued operating properties	(172)	6,577	35,608
Loss on operating properties held for sale/sold	(141)	(598)	(1,832)
Gain on disposition of operating properties, net of tax	421	20,018	5,538
Income from discontinued operations	108	25,997	39,314
Gain on transfer of operating properties	26	1,195
Loss on sale of operating properties	(111)
Gain on sale of operating properties, net of tax	3,952	587	2,708
Total gain on transfer or sale of operating properties, net of tax	3,867	1,782	2,708
Income before extraordinary item	6,061	276,404	432,556
Extraordinary gain from joint venture resulting from purchase price allocation, net of tax			54,340
Net income	6,061	276,404	486,896
Net income attributable to noncontrolling interests	(10,003)	(26,502)	(44,066)
Net (loss)/income attributable to the Company	(3,942)	249,902	442,830
Preferred stock dividends	(47,288)	(47,288)	(19,659)
Net (loss)/income available to common shareholders	(51,230)	202,614	423,171
Per common share:
-Basic (in dollars per share)	-0.15	0.69	1.35
-Diluted (in dollars per share)	-0.15	0.69	1.32
Net (loss)/income :
-Basic (in dollars per share)	-0.15	0.79	1.68
-Diluted (in dollars per share)	-0.15	0.78	1.65
Weighted average shares:
-Basic (in shares)	350,077	257,811	252,129
-Diluted (in shares)	350,077	258,843	257,058
Amounts attributable to the Company's common shareholders:
(Loss)/income from continuing operations, net of tax	(51,338)	177,898	339,332
Income from discontinued operations	108	24,716	33,574
Extraordinary gain, net of tax			50,265
Net (loss)/income	(51,230)	202,614	423,171
Retained Earnings [Member]
Discontinued operations:
Net income	(3,942)	249,902	442,830
Parent [Member]
Discontinued operations:
Net income	(3,942)	249,902	442,830
Noncontrolling Interest [Member]
Discontinued operations:
Net income	10,003	26,502	44,066
Comprehensive Income [Member]
Discontinued operations:
Net income	$6,061	$276,404	$486,896

2_Condensed Consolidated Statem

Condensed Consolidated Statements Of Operations (Parenthetical) (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Condensed Consolidated Statements Of Operations (Parentheticals) [Abstract]
Gain (Loss) on Sale of Properties, Applicable Income Taxes	$429	$1,863	$1,390

3_Condensed Consolidated Statem

Condensed Consolidated Statements Of Comprehensive Income (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net income	($3,942)	$249,902	$442,830
Other comprehensive income:
Change in unrealized gain/(loss) on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	20,658	(149,836)	15,696
Other comprehensive income	64,087	(221,541)	(11,577)
Comprehensive income	70,148	54,863	475,319
Comprehensive loss/(income) attributable to noncontrolling interests	9,019	(17,801)	(45,959)
Comprehensive income attributable to the Company	79,167	37,062	429,360
Accumulated Other Comprehensive Income [Member]
Other comprehensive income:
Change in unrealized gain/(loss) on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	39,680	(141,135)	15,480
Parent [Member]
Other comprehensive income:
Change in unrealized gain/(loss) on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	39,680	(141,135)	15,480
Noncontrolling Interest [Member]
Other comprehensive income:
Change in foreign currency translation adjustment	(19,022)	(8,701)	216
Comprehensive Income [Member]
Other comprehensive income:
Change in unrealized gain/(loss) on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	20,658	(149,836)	15,696
Comprehensive income	$70,148	$54,863	$475,319

KIMCO REALTY CORPORATION AND SU

KIMCO REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY For the Years Ended December 31, 2009, 2008 and 2007 (in thousands) (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Balance	$5,117,978	$4,204,733	$4,169,141
Contributions from noncontrolling interests	73,601	92,490	70,418
Net (loss)/income	6,061	276,404	486,896
Change in unrealized gain/loss on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized gain/loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	20,658	(149,836)	15,696
Comprehensive income	70,148	54,863	475,319
Redeemable noncontrolling interest	(6,429)	(7,906)	(6,279)
Dividends per common share	(276,634)	(488,069)	(403,334)
Distributions to noncontrolling interests	(9,626)	(77,460)
Issuance of Preferred G Stock			444,467
Unit Redemptions	(346)	(80,000)	(34,391)
Issuance of units	126	1,194
Issuance of Common Stock	1,063,164	486,873
Exercise of Common Stock Options	6,266	41,349	40,564
Transfers from noncontrolling interests	(15,463)
Amortization of stock option expense	8,438	12,258	12,251
Series G Preferred Stock [Member]
Distributions to noncontrolling interests			(42,489)
Series G Preferred Stock [Member] | Noncontrolling Interest [Member]
Distributions to noncontrolling interests			(42,489)
Accumulated Other Comprehensive Income [Member]
Balance	(96,432)	(179,541)	33,299
Change in unrealized gain/loss on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized gain/loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	39,680	(141,135)	15,480
Common Stock [Member]
Balance	4,055	2,711	2,528
Issuance of Common Stock	1,341	164	1
Exercise of Common Stock Options	3	19	18
Retained Earnings [Member]
Balance	(338,738)	(58,162)	180,005
Net (loss)/income	(3,942)	249,902	442,830
Dividends per common share	(276,634)	(488,069)	(403,334)
Preferred Stock [Member]
Balance	884	884	884
Issuance of Preferred G Stock			184
Additional Paid-in Capital [Member]
Balance	5,283,204	4,217,806	3,677,509
Issuance of Preferred G Stock			444,283
Issuance of Common Stock	1,061,823	486,709	2,413
Exercise of Common Stock Options	6,263	41,330	40,546
Transfers from noncontrolling interests	(11,126)
Amortization of stock option expense	8,438	12,258	12,251
Parent [Member]
Balance	4,852,973	3,983,698	3,894,225
Net (loss)/income	(3,942)	249,902	442,830
Change in unrealized gain/loss on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized gain/loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	39,680	(141,135)	15,480
Dividends per common share	(276,634)	(488,069)	(403,334)
Issuance of Preferred G Stock			444,467
Issuance of Common Stock	1,063,164	486,873	2,414
Exercise of Common Stock Options	6,266	41,349	40,564
Transfers from noncontrolling interests	(11,126)
Amortization of stock option expense	8,438	12,258	12,251
Noncontrolling Interest [Member]
Balance	265,005	221,035	274,916
Contributions from noncontrolling interests	73,601	92,490	70,418
Net (loss)/income	10,003	26,502	44,066
Change in foreign currency translation adjustment	(19,022)	(8,701)	216
Redeemable noncontrolling interest	(6,429)	(7,906)	(6,279)
Distributions to noncontrolling interests	(9,626)	(77,460)
Unit Redemptions	(346)	(80,000)	(34,391)
Issuance of units	126	1,194
Transfers from noncontrolling interests	(4,337)
Comprehensive Income [Member]
Net (loss)/income	6,061	276,404	486,896
Change in unrealized gain/loss on marketable securities	43,662	(71,535)	(25,803)
Change in unrealized gain/loss on interest rate swaps	(233)	(170)	(176)
Change in unrealized loss on foreign currency hedge agreements			(1,294)
Change in foreign currency translation adjustment	20,658	(149,836)	15,696
Comprehensive income	$70,148	$54,863	$475,319

4_KIMCO REALTY CORPORATION AND

KIMCO REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY For the Years Ended December 31, 2009, 2008 and 2007 (in thousands) (Parenthetical) (USD $)
In Tens	12 Months Ended Dec. 31, 2007	12 Months Ended Dec. 31, 2009 Series F Preferred Stock [Member]	12 Months Ended Dec. 31, 2008 Series F Preferred Stock [Member]	12 Months Ended Dec. 31, 2007 Series F Preferred Stock [Member]	12 Months Ended Dec. 31, 2009 Series G Preferred Stock [Member]	12 Months Ended Dec. 31, 2008 Series G Preferred Stock [Member]	12 Months Ended Dec. 31, 2009 Common Stock [Member]	12 Months Ended Dec. 31, 2008 Common Stock [Member]	12 Months Ended Dec. 31, 2007 Common Stock [Member]
Dividends, Common Stock, Cash (in dollars per share)							0.72	1.64	1.52
Dividends, Preferred Stock, Cash	43.59	166.25	166.25	166.25	193.75	193.75

5_Condensed Consolidated Statem

Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash flow from operating activities:
Net income	($3,942)	$249,902	$442,830
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	227,776	206,518	191,270
Extraordinary item			(54,340)
Loss on operating properties held for sale/sold/transferred	285	598	1,832
Impairment charges	175,087	147,529	8,500
Gain on sale of development properties	5,751	36,565	40,099
Gain on sale/transfer of operating properties	(4,666)	(21,800)	(9,800)
Equity in income of joint ventures, net	(6,309)	(132,208)	(173,363)
Income from other real estate investments	(30,039)	(79,099)	(64,046)
Distributions from joint ventures	136,697	261,993	403,032
Cash retained from excess tax benefits		(1,958)	(2,471)
Change in accounts and notes receivable	(19,878)	(9,704)	(4,876)
Change in accounts payable and accrued expenses	4,101	(1,983)	1,361
Change in other operating assets and liabilities	(79,782)	(42,126)	(77,907)
Net cash flow provided by operating activities	403,582	567,599	665,989
Cash flow from investing activities:
Acquisition of and improvements to operating real estate	(374,501)	(266,198)	(1,077,202)
Acquisition of and improvements to real estate under development	(143,283)	(388,991)	(640,934)
Investment in marketable securities		(263,985)	(55,235)
Proceeds from sale of marketable securities	80,586	52,427	35,525
Proceeds from transferred operating/development properties		32,400	69,869
Investments and advances to real estate joint ventures	(109,941)	(219,913)	(413,172)
Reimbursements of advances to real estate joint ventures	99,573	118,742	293,537
Other real estate investments	(12,447)	(77,455)	(192,890)
Reimbursements of advances to other real estate investments	18,232	71,762	87,925
Investment in mortgage loans receivable	(7,657)	(68,908)	(97,592)
Collection of mortgage loans receivable	48,403	54,717	94,720
Other investments	(4,247)	(25,466)	(26,688)
Reimbursements of other investments	4,935	23,254	55,361
Proceeds from sale of operating properties	34,825	120,729	59,450
Proceeds from sale of development properties	22,286	55,535	299,715
Net cash flow used for investing activities	(343,236)	(781,350)	(1,507,611)
Cash flow from financing activities:
Principal payments on debt, excluding normal amortization of rental property debt	(437,710)	(88,841)	(82,337)
Principal payments on rental property debt	(16,978)	(14,047)	(14,014)
Principal payments on construction loan financings	(255,512)	(30,814)	(78,295)
Proceeds from mortgage/construction loan financings	433,221	76,025	413,488
Borrowings under revolving unsecured credit facilities	351,880	812,329	627,369
Repayment of borrowings under unsecured revolving credit facilities	(928,572)	(281,056)	(343,553)
Proceeds from issuance of unsecured term loan/notes	520,000		300,000
Repayment of unsecured term loan/notes	(428,701)	(125,000)	(250,000)
Financing origination costs	(13,730)	(3,300)	(10,819)
Redemption of noncontrolling interests	(31,783)	(66,803)	(80,972)
Dividends paid	(331,024)	(469,024)	(384,502)
Cash retained from excess tax benefits		1,958	2,471
Proceeds from issuance of stock	1,064,444	451,002	485,220
Net cash flow (used for) provided by financing activities	(74,465)	262,429	584,056
Change in cash and cash equivalents	(14,119)	48,678	(257,566)
Cash and cash equivalents, beginning of year	136,177	87,499	345,065
Cash and cash equivalents, end of year	122,058	136,177	87,499
Interest paid during the period (net of capitalized interest of $21,465, $28,753, and $25,505 respectively)	204,672	217,629	215,121
Income taxes paid during the period	$4,773	$29,652	$14,292

6_Condensed Consolidated Statem

Condensed Consolidated Statements Of Cash Flows (Parenthetical) (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008
Condensed Consolidated Statements Of Cash Flows (Parentheticals) [Abstract]
Cash Paid for Capitalized Interest	$16,628	$22,343

1. Summary of Significant Accou

1. Summary of Significant Accounting Policies:
	12 Months Ended Dec. 31, 2009 USD / shares
Significant Accounting Policies [Text Block] (abstract)
Significant Accounting Policies [Text Block]	1. Summary of Significant Accounting Policies: Business Kimco Realty Corporation (the "Company" or "Kimco"), its subsidiaries, affiliates and related real estate joint ventures are engaged principally in the operation of neighborhood and community shopping centers which are anchored generally by discount department stores, supermarkets or drugstores. The Company also provides property management services for shopping centers owned by affiliated entities, various real estate joint ventures and unaffiliated third parties. Additionally, in connection with the Tax Relief Extension Act of 1999 (the "RMA"), which became effective January 1, 2001, the Company is permitted to participate in activities which it was precluded from previously in order to maintain its qualification as a Real Estate Investment Trust ("REIT"), so long as these activities are conducted in entities which elect to be treated as taxable subsidiaries under the Internal Revenue Code, as amended (the "Code"), subject to certain limitations. As such, the Company, through its taxable REIT subsidiaries, has been engaged in various retail real estate related opportunities including (i) ground-up development projects through its wholly-owned taxable REIT subsidiaries(TRS), which wee primarily engaged in the ground-up development of neighborhood and community shopping centers and the subsequent sale thereof upon completion, (ii) retail real estate advisory and disposition services which primarily focuses on leasing and disposition strategies of retail real estate controlled by both healthy and distressed and/or bankrupt retailers and (iii) acting as an agent or principal in connection with tax deferred exchange transactions. The Company seeks to reduce its operating and leasing risks through diversification achieved by the geographic distribution of its properties, avoiding dependence on any single property and a large tenant base. At December 31, 2009, the Company's single largest neighborhood and community shopping center accounted for only 1.2% of the Company's annualized base rental revenues and only 1.0% of the Companys total shopping center gross leasable area ("GLA"). At December 31, 2009, the Companys five largest tenants were The Home Depot, TJX Companies, Sears Holdings, Wal-Mart, and Kohls which represented approximately 3.3%, 2.6%, 2.5%, 2.2% and 2.0%, respectively, of the Companys annualized base rental revenues, including the proportionate share of base rental revenues from properties in which the Company has less than a 100% economic interest. The principal business of the Company and its consolidated subsidiaries is the ownership, development, management and operation of retail shopping centers, including complementary services that capitalize on the Companys established retail real estate expertise. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single reportable segment for disclosure purposes in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Principles of

2. Impairments:

2. Impairments:
	12 Months Ended Dec. 31, 2009 USD / shares
Details of Impairment of Long-Lived Assets Held and Used by Asset [Text Block] (abstract)
Details of Impairment of Long-Lived Assets Held and Used by Asset [Text Block]	2. Impairments: On a continuous basis, management assesses whether there are any indicators, including property operating performance and general market conditions, that the value of the Companys assets (including any related amortizable intangible assets or liabilities) may be impaired. To the extent impairment has occurred, the carrying value of the asset would be adjusted to an amount to reflect the estimated fair value of the asset. During 2008 and 2009, economic conditions had continued to experience volatility resulting in further declines in the real estate and equity markets. Increases in capitalization rates, discount rates and vacancies as well as deterioration of real estate market fundamentals impacted net operating income and leasing which further contributed to declines in real estate markets in general. As a result of the volatility and declining market conditions described above, as well as the Companys strategy in relation to certain of its non-retail assets, the Company recognized non-cash impairment charges during 2009, aggregating approximately $175.1 million, before income tax benefit of approximately $22.5 million and noncontrolling interests of approximately $1.2 million. The Company recognized non-cash impairment charges during 2008, aggregating approximately $147.5 million, before income tax benefit of approximately $31.1 million and noncontrolling interest of approximately $1.6 million. The Company recognized non-cash impairment charges during 2007, aggregating approximately $13.8 million, before income tax benefit of approximately $5.5 million. Details of these non-cash impairment charges are as follows (in thousands): 2009 2008 2007 Impairment of property carrying values $ 50,000 $ - $ - Real estate under development 2,100 13,613 8,500 Investments in other real estate investments 49,279 - - Marketable securities and other investments 30,050 118,416 5,296 Investments in real estate joint ventures 43,658 15,500 - Total impairment charges $ 175,087 $ 147,529 $ 13,796 In addition to the impairment charges above, the Company recognized impairment charges during 2009 and 2008 of approximately $38.7 million, before an income tax benefit of approximately $11.0 million, and $11.2 million, before an income tax benefit of approximately $4.5 million, respectively, relating to certain properties held by four unconsolidated joint ventures in which the Company holds noncontrolling interests ranging from 15% to 45%. These impairment charges are included in Equity in income of joint ventures, net in the Companys Consolidated Statements of Operations. The Company will continue to assess the value of its assets on an on-going basis. Based on these assessments, the Company may determine that one or more of its assets may be impaired due to a decline in value and would therefore write-down its cost basis accordingly (see Notes 6, 8, 9, 10, and 11).

3. Real Estate:

3. Real Estate:
	12 Months Ended Dec. 31, 2009 USD / shares
Real Estate Owned [Text Block] (abstract)
Real Estate Owned [Text Block]	3. Real Estate: The Companys components of Rental property consist of the following (in thousands): December 31, 2009 2008 Land $ 1,831,374 $ 1,394,460 Undeveloped Land 106,054 1,185 Buildings and improvements Buildings 4,411,565 3,847,544 Building improvements 1,103,798 692,040 Tenant improvements 669,540 633,883 Fixtures and leasehold improvements 48,008 35,377 Other rental property (1) 246,217 245,452 8,416,556 6,849,941 Accumulated depreciation and amortization (1,343,148) (1,159,664) Total $ 7,073,408 $ 5,690,277 (1) At December 31, 2009 and 2008, Other rental property consisted of intangible assets including $162,477 and $161,556 respectively, of in-place leases, $21,851 and $22,400 respectively, of tenant relationships, and $61,889 and $61,496 respectively, of above-market leases. In addition, at December 31, 2009 and 2008, the Company had intangible liabilities relating to below-market leases from property acquisitions of approximately $196.2 million and $171.4 million, respectively. These amounts are included in the caption Other liabilities in the Companys Consolidated Balance Sheets. The estimated amortization expense associated with the Companys intangible assets for the future five years are as follows (in millions): 2010, $14.9; 2011, $12.3; 2012, $8.1; 2013, $5.0; and 2014, $2.2.

4. Property Acquisitions, Devel

4. Property Acquisitions, Developments and Other Investments:
	12 Months Ended Dec. 31, 2009 USD / shares
Business Combination Disclosure [Text Block] (abstract)
Business Combination Disclosure [Text Block]	4. Property Acquisitions, Developments and Other Investments: Operating property acquisitions, ground-up development costs and other investments have been funded principally through the application of proceeds from the Company's public equity and unsecured debt issuances, proceeds from mortgage and construction financings, availability under the Companys revolving lines of credit and issuance of various partnership units. Operating Properties Acquisition of Operating Properties During the year ended December 31, 2009, the Company acquired, in separate transactions, 33 operating properties, comprising an aggregate 6.8 million square feet of a GLA, for an aggregate purchase price of approximately $955.4 million including the assumption of approximately $577.6 million of non-recourse mortgage debt encumbering 21 of the properties and $50.0 million in preferred stock. Details of these transactions are as follows (in thousands): Purchase Price Property Name Location Month Acquired Cash/Net Assets and Liabilities Debt/ Preferred Stock Assumed Total GLA Novato Fair Novato, CA Jul-09 (1) $ 9,902 $ 13,524 $ 23,426 125 Canby Square Canby, OR Oct-09 (2) 7,052 - 7,052 116 Garrison Square Vancouver, WA Oct-09 (2) 3,535 - 3,535 70 Oregon Trail Center Gresham, OR Oct-09 (2) 18,135 - 18,135 208 Pioneer Plaza Springfield, OR Oct-09 (2) 9,823 - 9,823 96 Powell Valley Junction Gresham, OR Oct-09 (2) 5,062 - 5,062 107 Troutdale Market Troutdale, OR Oct-09 (2) 4,809 - 4,809 90 Angels Camp Angels Camp, CA Nov-09 (2) 6,801 - 6,801 78 Albany Plaza Albany, OR Nov-09 (2) 6,075 - 6,075 110 Elverta Crossing Antelope, CA Nov-09 (2) 8,765 - 8,765 120 Park Place Vallejo, CA Nov-09 (2) 15,655 - 15,655 151 Medford, Center Medford, OR Nov-09 (2) 21,158 - 21,158 335 PL Retail, LLC Acquisition Various Nov-09 (3) 210,994 614,081 825,075 5,160 Total Acquisitions $ 327,766 $ 627,605 $ 955,371 6,766 The Company acquired this property from a joint venture in which the Company had a 10% noncontrolling ownership interest. This transaction resulted in a gain of approximately $0.3 million as a result of remeasuring the Companys 10% noncontrolling equity interest to fair value. The Company acquired this property from a joint venture in which the Company had a 15% noncontrolling ownership interest. This transaction resulted in a gain of approximately $0.1 million as a result of remeasuring the Companys 15% noncontrolling equity interest to fair value. The Company purchased the remaining 85% interest in PL Retail LLC, an entity that indirectly owns through who

5. Dispositions of Real Estate:

5. Dispositions of Real Estate:
	12 Months Ended Dec. 31, 2009 USD / shares
Dispositionsof Real Estate (abstract)
DispositionsofRealEstate	5. Dispositions of Real Estate: Operating Real Estate - During 2009, the Company disposed of, in separate transactions, portions of six operating properties and one land parcel for an aggregate sales price of approximately $28.9 million. The Company provided seller financing for two of these transactions aggregating approximately $1.4 million, which bear interest at 9% per annum and are scheduled to mature in January and March 2012. The Company evaluated these transactions pursuant to the FASBs real estate sales guidance. These seven transactions resulted in the Companys recognition of an aggregate net gain of approximately $4.1 million, net of income tax of $0.2 million. Additionally, during 2009, a consolidated joint venture in which the Company has a preferred equity investment disposed of a portion of a property for a sales price of approximately $1.1 million. As a result of this capital transaction, the Company received approximately $0.1 million of profit participation. This profit participation has been recorded as Income from other real estate investments in the Companys Consolidated Statements of Operations. Also during 2009, a consolidated joint venture in which the Company has a controlling interest disposed of a parcel of land for approximately $4.8 million and recognized a gain of approximately $4.4 million, before income taxes and noncontrolling interest. This gain has been recorded as Other income/(expense), net in the Companys Consolidated Statements of Operations. During 2009, FNC Realty Corporation (FNC), a consolidated entity in which the Company holds a 53% controlling ownership interest, disposed of two properties, in separate transactions, for an aggregate sales price of approximately $2.4 million. These transactions resulted in an aggregate pre-tax profit of approximately $0.9 million, before noncontrolling interest of $0.5 million. This income has been recorded as Income from other real estate investments in the Companys Consolidated Statements of Operations. During 2008, FNC disposed of a property for a sales price of approximately $3.3 million. This transaction resulted in a pre-tax profit of approximately $2.1 million, before noncontrolling interest of $1.0 million. This income has been recorded as Income from other real estate investments in the Companys Consolidated Statements of Operations. During 2008, the Company disposed of seven operating properties and a portion of four operating properties, in separate transactions, for an aggregate sales price of approximately $73.0 million, which resulted in an aggregate gain of approximately $20.0 million. In addition, the Company partially recognized deferred gains of approximately $1.2 million on three properties relating to their transfer and partial sale in connection with the Kimco Income Fund II transaction described below. During 2007, the Company transferred 11 operating properties to a wholly-owned consolidated entity, Kimco Income Fund II (KIF II), for an aggregate purchase price of approximately $278.2 million, including non-recourse mortgage debt of $180.9 million, encumbering 11 of the properties. During 2008, the Company transfe

6. Adjustment of Property Carry

6. Adjustment of Property Carrying Values:
	12 Months Ended Dec. 31, 2009 USD / shares
Adjustmentof Property Carrying Values (abstract)
AdjustmentofPropertyCarryingValues	6. Adjustment of Property Carrying Values: Impairments - During 2009, as part of the Companys ongoing impairment assessment, the Company determined that there were certain redevelopment mixed-use properties with estimated recoverable values that would not exceed their estimated costs. As a result, the Company recorded an aggregate impairment of property carrying values of approximately $50.0 million, representing the excess of the carrying values of 10 properties, primarily located in Philadelphia, Chicago, New York and Boston, over their estimated fair values. Additionally, during 2009, the Company determined that there was one ground-up development project with an estimated recoverable value that would not exceed its estimated cost. As a result, the Company recorded an impairment of approximately $2.1 million, representing the excess of the carrying value of the project over its estimated fair value. During 2008, the Company had determined that for two of its ground-up development projects, located in Middleburg, FL and Miramar, FL, the estimated recoverable value will not exceed their estimated cost. As a result, the Company recorded an aggregate pre-tax adjustment of property carrying value on these projects of $7.9 million, representing the excess of the carrying values of the projects over their estimated fair values. During 2007, the Companys recorded an aggregate pre-tax adjustment of property carrying value for two of its ground-up development projects, located in Jacksonville, FL and Anchorage, AK, of $8.5 million, representing the excess of the carrying values of the projects over their estimated fair values. These impairments were primarily due to declines in real estate fundamentals along with adverse changes in local market conditions and the uncertainty of their recovery. The Companys estimated fair values were based upon projected operating cash flows (discounted and unleveraged) of the property over its specified holding period. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. Capitalization rates and discount rates utilized in these models were based upon rates that the Company believes to be within a reasonable range of current market rates for the respective properties.

7. Discontinued Operations and

7. Discontinued Operations and Assets Held for Sale:
	12 Months Ended Dec. 31, 2009 USD / shares
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] (abstract)
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	7. Discontinued Operations and Assets Held for Sale: The Company reports as discontinued operations assets held-for-sale as of the end of the current period and assets sold during the period. All results of these discontinued operations are included in a separate component of income on the Consolidated Statements of Operations under the caption Discontinued operations. This has resulted in certain reclassifications of 2009, 2008 and 2007 financial statement amounts. The components of Income from discontinued operations for each of the three years in the period ended December 31, 2009, are shown below. These include the results of operations through the date of each respective sale for properties sold during 2009, 2008 and 2007(in thousands): 2009 2008 2007 Discontinued operations: Revenues from rental property $ 47 $ 6,316 $ 11,468 Rental property expenses (46) (1,031) (3,783) Depreciation and amortization (48) (2,208) (3,207) Interest expense - (116) (597) (Loss)/income from other real estate Investments (9) 3,451 34,740 Other (expense)/income, net (116) 165 (3,013) (Loss)/income from discontinued operating properties (172) 6,577 35,608 Provision for income taxes (235) - - Loss on operating properties held for sale/sold (174) (598) (1,832) Gain on disposition of operating Properties 689 20,018 5,538 Income from discontinued operations 108 25,997 39,314 Net income attributable to noncontrolling interests - (1,281) (5,740) Income from discontinued operations attributable to the Company $ 108 $ 24,716 $ 33,574 During 2008, the Company classified as held-for-sale four shopping center properties comprising approximately 0.2 million square feet of GLA. The book value of each of these properties, aggregating approximately $16.2 million, net of accumulated depreciation of approximately $11.3 million, did not exceed each of their estimated fair value. As a result, no adjustment of property carrying value had been recorded. The Companys determination of the fair value for these properties, aggregating approximately $28.6 million, was based upon executed contracts of sale with third parties less estimated selling costs. During 2009 and 2008, the Company reclassified one property previously classified as held-for-sale into held-for-use and completed the sale of three of these properties. During 2007, the Company classified as held-for-sale ten shopping center properties comprising approximately 0.6 million square feet of GLA. The book value of each of these properties, aggregating approximately $80.7 million, net of accumulated depreciation of approximately $4.9 million, did not exceed each of their estimated fair values. As a result, no adjustment of property carrying value had been recorded. The Companys determination of the fair value for each of these properties, aggregating approximately $116.8 million, was ba

8. Investment and Advances in R

8. Investment and Advances in Real Estate Joint Ventures:
	12 Months Ended Dec. 31, 2009 USD / shares
Investment And Advances In Real Estate Joint Ventures (abstract)
InvestmentAndAdvancesInRealEstateJointVentures	8. Investment and Advances in Real Estate Joint Ventures: Kimco Prudential Joint Ventures ("KimPru") - On October 31, 2006, the Company completed the merger of Pan Pacific Retail Properties Inc. (Pan Pacific), which had a total transaction value of approximately $4.1 billion, including Pan Pacifics outstanding debt totaling approximately $1.1 billion. As of October 31, 2006, Pan Pacific owned interests in 138 operating properties, which comprised approximately 19.9 million square feet of GLA, located primarily in California, Oregon, Washington and Nevada. Immediately following the merger, the Company commenced its joint venture agreements with Prudential Real Estate Investors (PREI) through three separate accounts managed by PREI. In accordance with the joint venture agreements, all Pan Pacific assets and respective non-recourse mortgage debt and a newly obtained $1.2 billion credit facility used to fund the transaction were transferred to the separate accounts. PREI contributed approximately $1.1 billion on behalf of institutional investors in three of its portfolios. The Company holds a 15% noncontrolling ownership interest in each of the joint ventures, collectively, KimPru. The Company accounts for its investment in KimPru under the equity method of accounting. In addition, the Company manages the portfolios and earns acquisition fees, leasing commissions, property management fees and construction management fees. During August 2008, KimPru entered into a $650.0 million credit facility, which bears interest at a rate of LIBOR plus 1.25% and was initially scheduled to mature in August 2009. This facility included an option to extend the maturity date for one year, subject to certain requirements including a reduction of the outstanding balance to $485.0 million. During August 2009, KimPru exercised the one-year extension option and made an additional payment to reduce the balance to $485.0 million; as such the credit facility is scheduled to mature in August 2010. Proceeds from this credit facility were used to repay the outstanding balance of $658.7 million under the $1.2 billion credit facility, referred to above, which was scheduled to mature in October 2008 and bore interest at a rate of LIBOR plus 0.45%. This facility is guaranteed by the Company with a guarantee from PREI to the Company for 85% of any guaranty payment the Company is obligated to make. As of December 31, 2009, the outstanding balance on the credit facility was $331.0 million. This outstanding balance is anticipated to be repaid with proceeds from property sales and partner capital contributions. During 2009, KimPru sold 22 operating properties for an aggregate sales price of approximately $214.0 million, comprised of (i) 11 operating properties sold to the Company for an aggregate sales price of approximately $106.9 million. These sales resulted in an aggregate net gain of approximately $0.9 million of which the Companys share was approximately $0.1 million and (ii) 11 operating properties and its interest in an unconsolidated joint venture, sold in separate transactions, for an aggregate sales price of approximately $107.1 million. These sales res

9. Other Real Estate Investment

9. Other Real Estate Investments:
	12 Months Ended Dec. 31, 2009 USD / shares
Other Real Estate Investments (abstract)
OtherRealEstateInvestments	9. Other Real Estate Investments: Preferred Equity Capital - The Company maintains a Preferred Equity program, which provides capital to developers and owners of real estate properties. During 2009, the Company provided, in separate transactions, an aggregate of approximately $0.4 million in investment capital to developers and owners of two real estate properties. During 2008, the Company provided, in separate transactions, an aggregate of approximately $51.9 million in investment capital to developers and owners of 28 real estate properties. As of December 31, 2009, the Companys net investment under the Preferred Equity program was approximately $520.8 million relating to 615 properties, including 402 net lease properties described below. For the years ended December 31, 2009, 2008 and 2007, the Company earned approximately $30.4 million, including $2.5 million of profit participation earned from five capital transactions, $66.8 million, including $24.6 million of profit participation earned from five capital transactions, and $67.1 million, including $30.5 million of profit participation earned from 18 capital transactions, respectively, from its preferred equity investments. Included in the capital transactions described above for the year ended December 31, 2008, was the sale of the Companys preferred equity investment in an operating property to its partner for approximately $29.5 million. The Company provided seller financing to the partner for approximately CAD $24.0 million (approximately USD $23.5 million), which bears interest at a rate of 8.5% per annum and has a maturity date of June 2013. The Company evaluated this transaction pursuant to the provisions of the FASBs real estate sales guidance and accordingly, recognized profit participation of approximately $10.8 million. Two of the capital transactions described above for the year ended December 31, 2007, were the result of the transfer of two operating properties, in separate transactions, to a joint venture in which the Company holds a 15% noncontrolling interest for an aggregate price of approximately $40.6 million, including the assumption of approximately $26.6 million in non-recourse debt. These sales resulted in an aggregate profit participation of approximately $1.4 million. Also, included in the capital transactions described above for the year ended December 31, 2007, was the transfer of an operating property to the Company for approximately $4.5 million, including the assumption of $3.1 million in non-recourse mortgage debt. As a result of the Companys acquisition of this property, the Company did not recognize any profit participation. During 2007, the Company invested approximately $81.7 million of preferred equity capital in an entity which was comprised of 403 net leased properties which consist of 30 master leased pools with each pool leased to individual corporate operators (USRA Venture). Each master leased pool is accounted for as a direct financing lease. These properties consist of a diverse array of free-standing restaurants, fast food restaurants, convenience and auto parts stores. The Company determined that this entity was a VIE,

10. Mortgages and Other Financi

10. Mortgages and Other Financing Receivables:
	12 Months Ended Dec. 31, 2009 USD / shares
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] (abstract)
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	10. Mortgages and Other Financing Receivables: The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. For a complete listing of the Companys mortgages and other financing receivables at December 31, 2009, see Financial Statement Schedule IV included in this annual report on Form 10-K. The following table reconciles mortgage loans and other financing receivables from January 1, 2007 to December 31, 2009 (in thousands) : 2009 2008 2007 Balance at January 1 $ 181,992 $ 153,847 $ 162,669 Additions: New mortgage loans 8,316 86,247 62,362 Additions under existing mortgage loans 707 8,268 38,122 Foreign currency translation 6,324 - - Capitalized loan costs 60 605 675 Amortization of loan discounts 247 247 271 Deductions: Collections of principal (43,578) (48,633) (105,277) Loan foreclosures (17,312) - - Loan impairments (3,800) - - Charge off/foreign currency translation - (15,630) (1,837) Amortization of loan premiums (1,024) (2,279) (2,298) Amortization of loan costs (600) (680) (840) Balance at December 31 $ 131,332 $ 181,992 $ 153,847 As noted in the table above, during 2009, the Company recognized non-cash impairment charges of approximately $3.8 million, against the carrying value of two mortgage loans. Approximately $3.5 million of the $3.8 million of impairment charges was related to a mortgage receivable that was in default. The Company began foreclosure proceedings on the underlying property during June 2009 and the process was completed in the fourth quarter 2009. This impairment charge reflects the decrease in the estimated fair values of the real estate collateral.

11. Marketable Securities:

11. Marketable Securities:
	12 Months Ended Dec. 31, 2009 USD / shares
Marketable Securities [Text Block] (abstract)
Marketable Securities [Text Block]	11. Marketable Securities: The amortized cost and estimated fair values of securities available-for-sale and held-to-maturity at December 31, 2009 and 2008, are as follows (in thousands): December 31, 2009 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale: Equity and debt securities $ 182,826 $ 4,896 $ $(21,629) $ 166,093 Held-to-maturity: Other debt securities 43,500 1,454 (7,042) 37,912 Total marketable securities $ 226,326 $ 6,350 $ (28,671) $ 204,005 December 31, 2008 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale: Equity and debt securities $ 220,560 $ 122 $ (60,518) $ 160,164 Held-to-maturity: Other debt securities 98,010 2,177 (41,565) 58,622 Total marketable securities $ $ 318,570 $ 2,299 $ (102,083) $ 218,786 During February 2008, the Company acquired an aggregate $190 million Australian denominated (AUD) (approximately $170.1 million USD) convertible notes issued by a subsidiary of Valad Property Group (Valad), a publicly traded Australian company listed on the Australian stock exchange that is a diversified, property fund manager, investor, developer and property investment banker with property investments in Australia, Europe and Asia. The notes are guaranteed by Valad and bear interest at 9.5% payable semi-annually in arrears. The notes are repayable after five years with an option for Valad to extend up to 18 months, subject to certain interest rate and conversion price resets. The notes are convertible any time into publicly traded Valad securities at a price of AUD$1.33. In accordance with the FASBs Derivative and Hedging guidance, the Company has bifurcated the conversion option within the Valad convertible notes and has separately accounted for this option as an embedded derivative. The original host instrument is classified as an available-for-sale security at fair value and is included in Marketable securities on the Companys Consolidated Balance Sheets with changes in the fair value recorded through Stockholders equity as a component of other comprehensive income. At December 31, 2009 and 2008, the Company had an unrealized loss associated with these notes of approximately $21.6 million and $46.0 million, respectively. Interest payments on the notes are current and all amounts due in accordance with contractual terms are considered probable by the Company. The Company has the intent and ability to hold the notes to recover its investment, which may be to its maturity and therefore, does not believe that the decline in value at December 31, 2009, is other-than-temporary. The embedded derivative is recorded at fair value and is included in Other assets on the Companys Consolidated Balance Sheets with changes in fair value recognized in the Companys Consolidated Statements

12. Notes Payable:

12. Notes Payable:
	12 Months Ended Dec. 31, 2009 USD / shares
Long-term Debt [Text Block] (abstract)
Long-term Debt [Text Block]	12. Notes Payable: Medium Term Notes The Company has implemented a medium-term notes ("MTN") program pursuant to which it may, from time to time, offer for sale its senior unsecured debt for any general corporate purposes, including (i) funding specific liquidity requirements in its business, including property acquisitions, development and redevelopment costs and (ii) managing the Company's debt maturities. During the year ended December 31, 2009, the Company repaid (i) its $20.0 million 7.56% Medium Term Note, which matured in May 2009 and (ii) its $25.0 million 7.06% Medium Term Note, which matured in July 2009. During the year ended December 31, 2008, the Company repaid its $100.0 million 3.95% Medium Term Notes, which matured on August 5, 2008 and its $25.0 million 7.2% Senior Notes, which matured on September 15, 2008. Additionally during 2009, the Company repurchased in aggregate approximately $36.1 million in face value of its Medium Term Notes and Fixed Rate Bonds for an aggregate discounted purchase price of approximately $33.7 million. These transactions resulted in an aggregate gain of approximately $2.4 million. As of December 31, 2009, a total principal amount of approximately $1.1 billion in senior fixed-rate MTNs was outstanding. These fixed-rate notes had maturities ranging from five months to six years as of December 31, 2009, and bear interest at rates ranging from 4.62% to 5.98%. Interest on these fixed-rate senior unsecured notes is payable semi-annually in arrears. Proceeds from these issuances were primarily used for the acquisition of neighborhood and community shopping centers, the expansion and improvement of properties in the Companys portfolio and the repayment of certain debt obligations of the Company. As of December 31, 2008, a total principal amount of approximately $1.2 billion in senior fixed-rate MTNs was outstanding. These fixed-rate notes had maturities ranging from five months to seven years as of December 31, 2009, and bear interest at rates ranging from 4.62% to 7.56%. Interest on these fixed-rate senior unsecured notes is payable semi-annually in arrears. Proceeds from these issuances were primarily used for the acquisition of neighborhood and community shopping centers, the expansion and improvement of properties in the Companys portfolio and the repayment of certain debt obligations of the Company. Senior Unsecured Notes During September 2009, the Company issued $300.0 million of 10-year Senior Unsecured Notes at an interest rate of 6.875% payable semi-annually in arrears. These notes were sold at 99.84% of par value. Net proceeds from the issuance were approximately $297.3 million, after related transaction costs of approximately $0.3 million. The proceeds from this issuance were primarily used to repay the Companys $220.0 million unsecured term loan described below. The remaining proceeds were used to repay certain construction loans that were scheduled to mature in 2010. During 2009, the Company repaid its $130.0 million 6.875% senior notes, which matured on February 10, 2009. As of December 31, 2009, the Company had a total principal amount of approx

13. Mortgages Payable:

13. Mortgages Payable:
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule of Participating Mortgage Loans [Text Block] (abstract)
Schedule of Participating Mortgage Loans [Text Block]	13. Mortgages Payable: During 2009, the Company (i) obtained 21 new non-recourse mortgages aggregating approximately $400.2 million, which bear interest at rates ranging from 5.95% to 8.00% and have maturities ranging from five months to six years (ii) assumed approximately $579.2 million of individual non-recourse mortgage debt relating to the acquisition of 22 operating properties, including approximately $1.6 million of fair value debt adjustments and (iii) paid off approximately $437.7 million of individual non-recourse mortgage debt that encumbered 24 operating properties. During 2008, the Company (i) obtained an aggregate of approximately $16.7 million of non-recourse mortgage debt on three operating properties, (ii) assumed approximately $101.1 million of individual non-recourse mortgage debt relating to the acquisition of five operating properties, including approximately $0.8 million of fair value debt adjustments and (iii) paid off approximately $73.4 million of individual non-recourse mortgage debt that encumbered 11 operating properties. Mortgages payable, collateralized by certain shopping center properties and related tenants' leases, are generally due in monthly installments of principal and/or interest which mature at various dates through 2031. Interest rates range from LIBOR plus 1.40% (1.65% at December 31, 2009) to 10.50% (weighted-average interest rate of 5.99% as of December 31, 2009). The scheduled principal payments of all mortgages payable, excluding unamortized fair value debt adjustments of approximately $3.0 million, as of December 31, 2009, were approximately as follows (in millions): 2010, $152.7; 2011, $77.6; 2012, $241.0; 2013, $192.8; 2014, $249.4; and thereafter, $471.8.

14. Construction Loans Payable:

14. Construction Loans Payable:
	12 Months Ended Dec. 31, 2009 USD / shares
Construction Loans Payable (abstract)
ConstructionLoansPayable	14. Construction Loans Payable: During 2009, the Company fully repaid nine construction loans aggregating approximately $212.2 million. As of December 31, 2009, total loan commitments on the Companys four remaining construction loans aggregated approximately $69.7 million of which approximately $45.8 million has been funded. These loans have scheduled maturities ranging from 11 months to 56 months (excluding any extension options which may be available to the Company) and bear interest at rates ranging from 2.13% to 4.50% at December 31, 2009. These construction loans are collateralized by the respective projects and associated tenants leases. The scheduled maturities of all construction loans payable as of December 31, 2009, were approximately as follows (in millions): 2010, $3.4; 2011, $26.8; 2012, $13.6; 2013, $0 and 2014, $2.0. During 2008, the Company obtained construction financing on three merchant building projects with total loan commitment amounts up to $35.4 million, of which $8.7 million was outstanding as of December 31, 2008. As of December 31, 2008, total loan commitments on the Companys 16 outstanding construction loans aggregated approximately $364.2 million of which approximately $268.3 million has been funded. These loans have scheduled maturities ranging from two months to 42 months (excluding any extension options which may be available to the Company) and bear interest at rates ranging from 1.81% to 3.19% at December 31, 2008. These construction loans are collateralized by the respective projects and associated tenants leases.

15. Noncontrolling Interests:

15. Noncontrolling Interests:
	12 Months Ended Dec. 31, 2009 USD / shares
Noncontrolling Interests (abstract)
NoncontrollingInterests	15. Noncontrolling Interests: Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates as a result of having a controlling interest or determined that the Company was the primary beneficiary of a VIE in accordance with the provisions of the FASBs Consolidation guidance. The Company accounts and reports for noncontrolling interests in accordance with the Consolidation guidance issued by the FASB. The Company identifies its noncontrolling interests separately within the equity section on the Companys Consolidated Balance Sheets. Redeemable units are classified as Redeemable noncontrolling interests and presented between Total liabilities and Stockholders equity on the Companys Consolidated Balance Sheets. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented on the Companys Consolidated Statements of Operations. During 2006, the Company acquired seven shopping center properties located throughout Puerto Rico. The properties were acquired through the issuance of approximately $158.6 million of non-convertible units, approximately $45.8 million of convertible units, the assumption of approximately $131.2 million of non-recourse debt and $116.3 million in cash. Noncontrolling interests related to these acquisitions was approximately $233.0 million of units, including premiums of approximately $13.5 million and a fair market value adjustment of approximately $15.1 million (the "Units"). The Company is restricted from disposing of these assets, other than through a tax free transaction until November 2015. The Units consisted of (i) approximately 81.8 million Preferred A Units par value $1.00 per unit, which pay the holder a return of 7.0% per annum on the Preferred A Par Value and are redeemable for cash by the holder at any time after one year or callable by the Company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% increase, (ii) 2,000 Class A Preferred Units, par value $10,000 per unit, which pay the holder a return equal to LIBOR plus 2.0% per annum on the Class A Preferred Par Value and are redeemable for cash by the holder at any time after November 30, 2010, (iii) 2,627 Class B-1 Preferred Units, par value $10,000 per unit, which pay the holder a return equal to 7.0% per annum on the Class B-1 Preferred Par Value and are redeemable by the holder at any time after November 30, 2010, for cash or at the Companys option, shares of the Companys common stock, equal to the Cash Redemption Amount, as defined, (iv) 5,673 Class B-2 Preferred Units, par value $10,000 per unit, which pay the holder a return equal to 7.0% per annum on the Class B-2 Preferred par value and are redeemable for cash by the holder at any time after November 30, 2010, and (v) 640,001 Class C DownReit Units, valued at an issuance price of $30.52 per unit which pay the holder a return at a rate equal to the Companys common stock dividend and are redeemable by the holder at any time after November 30, 2010, for cash or at the Companys option, shar

16. Fair Value Disclosure of Fi

16. Fair Value Disclosure of Financial Instruments:
	12 Months Ended Dec. 31, 2009 USD / shares
Fair Value Disclosures [Text Block] (abstract)
Fair Value Disclosures [Text Block]	16. Fair Value Disclosure of Financial Instruments: All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in managements estimation based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values except those listed below, for which fair values are reflected. The valuation method used to estimate fair value for fixed-rate and variable-rate debt and noncontrolling interests relating to mandatorily redeemable noncontrolling interests associated with finite-lived subsidiaries of the Company is based on discounted cash flow analyses, with assumptions that include credit spreads, loan amounts and debt maturities. The fair values for marketable securities are based on published or securities dealers estimated market values. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition. The following are financial instruments for which the Companys estimate of fair value differs from the carrying amounts (in thousands): December 31, 2009 2008 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Marketable Securities $ 209,593 $ 204,006 $ 258,174 $ 218,786 Notes Payable $ 3,000,303 $ 3,099,139 $ 3,440,819 $ 2,766,187 Mortgages Payable $ 1,388,259 $ 1,377,224 $ 847,491 $ 838,503 Construction Payable $ 45,821 $ 44,725 $ 268,337 $ 262,485 Mandatorily Redeemable Noncontrolling Interests (termination dates ranging from 2019 2027) $ 2,768 $ 5,256 $ 2,895 $ 5,444 The Company has certain financial instruments that must be measured under the FASBs Fair Value Measurements and Disclosures guidance, including: available for sale securities, convertible notes and derivatives. The Company currently does not have non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis. As a basis for considering market participant assumptions in fair value measurements, the FASBs Fair Value Measurements and Disclosures guidance establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entitys own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Companys assessment of the significance of a particular input to the fair value measurement in its entirety req

17. Financial Instruments - Der

17. Financial Instruments - Derivatives and Hedging:
	12 Months Ended Dec. 31, 2009 USD / shares
Derivative Instruments and Hedging Activities Disclosure [Text Block] (abstract)
Derivative Instruments and Hedging Activities Disclosure [Text Block]	17. Financial Instruments - Derivatives and Hedging: The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risk through management of its core business activities. The company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company may use derivatives to manage exposures that arise from changes in interest rates, foreign currency exchange rate fluctuations and market value fluctuations of equity securities. The Company limits these risks by following established risk management policies and procedures including the use of derivatives. Cash Flow Hedges of Interest Rate Risk - The Company, from time to time, hedges the future cash flows of its floating-rate debt instruments to reduce exposure to interest rate risk principally through interest rate swaps and interest rate caps with major financial institutions. The effective portion of the changes in fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Any ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the year ended December 31, 2009, the Company had no hedge ineffectiveness. Amounts reported in accumulated other comprehensive income related to cash flow hedges will be reclassified to interest expense as interest payments are made on the Companys variable-rate debt. During 2010, the Company estimates that an additional $0.4 million will be reclassified as an increase to interest expense. As of December 31, 2009, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: Interest Rate Derivates Number of Instruments Notional Interest Rate Caps 2 $ 83.1 million Interest Rate Swaps 2 $ 23.6 million The fair value of these derivative financial instruments classified as asset derivatives was $0.4 million and $0 for December 31, 2009 and 2008, respectively. The fair value of these derivative financial instruments classified as liability derivatives was $(0.5) million and $(0.8) million for December 31, 2009 and 2008, respectively. Credit-risk-related Contingent Features The Company has agreements with one of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, includingdefault where repaymentof the indebtedness has not been accelerated by the lender,then the Company could also be declared in default on its derivative obligations. The Company has an agreement with a derivative counterparty that incorporates the loan covenant provisions of the Company's indebtedness with a lender affiliate of the derivative counterparty. Fail

18. Preferred Stock, Common Sto

18. Preferred Stock, Common Stock and Convertible Unit Transactions -
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule of Stock by Class [Text Block] (abstract)
Schedule of Stock by Class [Text Block]	18. Preferred Stock, Common Stock and Convertible Unit Transactions During December 2009, the Company completed a primary public stock offering of 28,750,000 shares of the Companys common stock. The net proceeds from this sale of common stock, totaling approximately $345.1 million (after related transaction costs of $0.75 million) were used to partially repay the outstanding balance under the Companys U.S. revolving credit facility. During April 2009, the Company completed a primary public stock offering of 105,225,000 shares of the Companys common stock. The net proceeds from this sale of common stock, totaling approximately $717.3 million (after related transaction costs of $0.7 million) were used to partially repay the outstanding balance under the Companys U.S. revolving credit facility and for general corporate purposes. During September 2008, the Company completed a primary public stock offering of 11,500,000 shares of the Companys common stock. The net proceeds from this sale of common stock, totaling approximately $409.4 million (after related transaction costs of $0.6 million) were used to partially repay the outstanding balance under the Companys U.S. revolving credit facility. During October 2007, the Company issued 18,400,000 Depositary Shares (the "Class G Depositary Shares"), after the exercise of an over-allotment option, each representing a one-hundredth fractional interest in a share of the Companys 7.75% Class G Cumulative Redeemable Preferred Stock, par value $1.00 per share (the "Class G Preferred Stock"). Dividends on the Class G Depositary Shares are cumulative and payable quarterly in arrears at the rate of 7.75% per annum based on the $25.00 per share initial offering price, or $1.9375 per annum. The Class G Depositary Shares are redeemable, in whole or part, for cash on or after October 10, 2012, at the option of the Company, at a redemption price of $25.00 per depositary share, plus any accrued and unpaid dividends thereon. The Class G Depositary Shares are not convertible or exchangeable for any other property or securities of the Company. The Class G Preferred Stock (represented by the Class G Depositary Shares outstanding) ranks pari passu with the Companys Class F Preferred Stock as to voting rights, priority for receiving dividends and liquidation preference as set forth below. During June 2003, the Company issued 7,000,000 Depositary Shares (the "Class F Depositary Shares"), each such Class F Depositary Share representing a one-tenth fractional interest of a share of the Companys 6.65% Class F Cumulative Redeemable Preferred Stock, par value $1.00 per share (the "Class F Preferred Stock"). Dividends on the Class F Depositary Shares are cumulative and payable quarterly in arrears at the rate of 6.65% per annum based on the $25.00 per share initial offering price, or $1.6625 per annum. The Class F Depositary Shares are redeemable, in whole or part, for cash on or after June 5, 2008, at the option of the Company, at a redemption price of $25.00 per Depositary Share, plus any accrued and unpaid dividends thereon. The Class F Depositary Shares are not convertible or exchangeable for any other pr

Financing Activities:

Financing Activities:
	12 Months Ended Dec. 31, 2009 USD / shares
Cash Flow, Supplemental Disclosures [Text Block] (abstract)
Cash Flow, Supplemental Disclosures [Text Block]	19. Supplemental Schedule of Non-Cash Investing/Financing Activities: The following schedule summarizes the non-cash investing and financing activities of the Company for the years ended December 31, 2009, 2008 and 2007 (in thousands): 2009 2008 2007 Acquisition of real estate interests by assumption of debt $ 577,604 $ 96,226 $ 82,614 Exchange of DownREIT units for Common Stock $ - $ 80,000 $ - Disposition/transfer of real estate interest by origination of mortgage debt $ - $ 27,175 $ - Acquisition of real estate interests through proceeds held in escrow $ - $ - $ 68,031 Issuance of Restricted Common Stock $ 3,415 $ 1,405 $ - Proceeds held in escrow through sale of real estate interest $ - $ 11,195 $ - Disposition of real estate through the issuance of an unsecured obligation $ 1,366 $ 6,265 $ - Investment in real estate joint venture by contribution of property $ - $ - $ 740 Deconsolidation of Joint Venture: Decrease in real estate and other assets $ - $ 55,453 $ 113,074 Decrease in noncontrolling interest, construction loan and other liabilities $ - $ 55,453 $ 113,074 Declaration of dividends paid in succeeding period $ 76,707 $ 131,097 $ 112,052 Consolidation of Joint Ventures: Increase in real estate and other assets $ 47,368 $ 68,360 $ - Increase in mortgage payable $ 35,104 $ - $ -

20. Transactions with Related P

20. Transactions with Related Parties:
	12 Months Ended Dec. 31, 2009 USD / shares
Related Party Transactions Disclosure [Text Block] (abstract)
Related Party Transactions Disclosure [Text Block]	20. Transactions with Related Parties: The Company provides management services for shopping centers owned principally by affiliated entities and various real estate joint ventures in which certain stockholders of the Company have economic interests. Such services are performed pursuant to management agreements which provide for fees based upon a percentage of gross revenues from the properties and other direct costs incurred in connection with management of the centers. Ripco Real Estate Corp. was formed in 1991 and employs approximately 40 professionals and serves numerous retailers, REITS and developers. Ripcos business activities include serving as a leasing agent and representative for national and regional retailers including Target, Best Buy, Kohls and many others, providing real estate brokerage services and principal real estate investing. Mr. Todd Cooper, an officer and 50% shareholder of Ripco, is a son of Mr. Milton Cooper, Executive Chairman of the Board of Directors of the Company. During 2009 and 2008, the Company paid brokerage commissions of $0.7 million and $0.5 million, respectively, to Ripco for services rendered primarily as leasing agent for various national tenants in shopping center properties owned by the Company. The Company believes that the brokerage commissions paid were at or below the customary rates for such leasing services. Additionally, the Company has the following joint venture investments with Ripco. During 2005, the Company acquired three operating properties and one land parcel, through joint ventures, in which the Company and Ripco each hold 50% noncontrolling interests. The Company accounts for its investment in these joint ventures under the equity method of accounting. As of December 31, 2009, these joint ventures hold three individual one-year loans aggregating $17.3 million which are scheduled to mature in 2010 and bear interest at rates of LIBOR plus 2.75%. These loans are jointly and severally guaranteed by the Company and the joint venture partner. Reference is made to Note 8 for additional information regarding transactions with related parties.

21. Commitments and Contingenci

21. Commitments and Contingencies:
	12 Months Ended Dec. 31, 2009 USD / shares
Commitments and Contingencies Disclosure [Text Block] (abstract)
Commitments and Contingencies Disclosure [Text Block]	21. Commitments and Contingencies: Operations - The Company and its subsidiaries are primarily engaged in the operation of shopping centers which are either owned or held under long-term leases which expire at various dates through 2095. The Company and its subsidiaries, in turn, lease premises in these centers to tenants pursuant to lease agreements which provide for terms ranging generally from 5 to 25 years and for annual minimum rentals plus incremental rents based on operating expense levels and tenants' sales volumes. Annual minimum rentals plus incremental rents based on operating expense levels comprised approximately 99% of total revenues from rental property for each of the three years ended December 31, 2009, 2008 and 2007. The future minimum revenues from rental property under the terms of all non-cancelable tenant leases, assuming no new or renegotiated leases are executed for such premises, for future years are approximately as follows (in millions): 2010, $609.4; 2011, $583.3; 2012, $535.5; 2013, $474.2; 2014, $402.4 and thereafter; $1,845.2. Minimum rental payments under the terms of all non-cancelable operating leases pertaining to the Companys shopping center portfolio for future years are approximately as follows (in millions): 2010, $13.2; 2011, $10.5; 2012, $9.3; 2013, $8.7; 2014, $8.1 and thereafter, $169.2. Uncertain Tax Positions - In June 2006, the FASB issued further guidance relating to income taxes which clarified the accounting for uncertainty in income taxes recognized in a companys financial statements. The interpretation prescribes a recognition threshold and measurement attribute criteria for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The interpretation also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company does not have any material unrecognized tax benefits as of December 31, 2009. Captive Insurance - In October 2007, the Company formed a wholly-owned captive insurance company, Kimco Insurance Company, Inc., ("KIC"), which provides general liability insurance coverage for all losses below the deductible under our third-party policy. The Company entered into the Insurance Captive as part of its overall risk management program and to stabilize its insurance costs, manage exposure and recoup expenses through the functions of the captive program. The Company capitalized KIC in accordance with the applicable regulatory requirements. KIC established annual premiums based on projections derived from the past loss experience of the Companys properties. KIC has engaged an independent third party to perform an actuarial estimate of future projected claims, related deductibles and projected expenses necessary to fund associated risk management programs. Premiums paid to KIC may be adjusted based on this estimate, like premiums paid to third-party insurance companies, premiums paid to KIC may be reimbursed by tenants pursuant to specific lease terms. Guarantees - During June 2007, the Company entered into a join

22. Incentive Plans:

22. Incentive Plans:
	12 Months Ended Dec. 31, 2009 USD / shares
Incentive Plans (abstract)
IncentivePlans	22. Incentive Plans: The Company maintains a stock option plan (the "Plan") pursuant to which a maximum of 47,000,000 shares of the Companys common stock may be issued for qualified and non-qualified options. Options granted under the Plan generally vest ratably over a three to five-year term, expire ten years from the date of grant and are exercisable at the market price on the date of grant, unless otherwise determined by the Board at its sole discretion. In addition, the Plan provides for the granting of certain options to each of the Companys non-employee directors (the "Independent Directors") and permits such Independent Directors to elect to receive deferred stock awards in lieu of directors fees. The Company accounts for stock options in accordance with FASBs Compensation Stock Compensation guidance which requires that all share based payments to employees, including grants of employee stock options, be recognized in the statement of operations over the service period based on their fair values. The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing formula. The assumption for expected volatility has a significant affect on the grant date fair value. Volatility is determined based on the historical equity of common stock for the most recent historical period equal to the expected term of the options plus an implied volatility measure. The more significant assumptions underlying the determination of fair values for options granted during 2009, 2008 and 2007 were as follows: Year Ended December 31, 2009 2008 2007 Weighted average fair value of options granted $ 3.16 $ 5.73 $ 7.41 Weighted average risk-free interest rates 2.54% 3.13% 4.50% Weighted average expected option lives (in years) 6.25 6.38 6.50 Weighted average expected volatility 45.81% 26.16% 19.01% Weighted average expected dividend yield 5.48% 4.33% 3.77% Information with respect to stock options under the Plan for the years ended December 31, 2009, 2008, and 2007 are as follows: Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic value (in millions) Options outstanding, January 1, 2007 14,793,593 $ 25.93 $ 281.4 Exercised (1,884,421) $ 20.22 Granted 2,971,900 $ 41.41 Forfeited (257,618) $ 35.87 Options outstanding, December 31, 2007 15,623,454 $ 29.39 $ 133.7 Exercised (1,862,209) $ 20.59 Granted 2,903,475 $ 37.29 Forfeited (400,898) $ 38.64 Options outstanding, December 31, 2008 16,263,822 $ 31.58 $ 7.6 Exercised (116,418) $ 12.79 Granted 1,746,000 $ 11.58 Forfeited (332,483) $ 33.57 Options outstanding, December 31, 2009 17,560,921 $ 29.69 $ 3.4 Options exercisable (fully vested)- $ December 31, 2007 9,307,184 $

23. Income Taxes:

23. Income Taxes:
	12 Months Ended Dec. 31, 2009 USD / shares
Income Tax Disclosure [Text Block] (abstract)
Income Tax Disclosure [Text Block]	23. Income Taxes: The Company elected to qualify as a REIT in accordance with the Code commencing with its taxable year which began January 1, 1992. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its adjusted REIT taxable income to its stockholders. It is managements intention to adhere to these requirements and maintain the Companys REIT status. As a REIT, the Company generally will not be subject to corporate federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed taxable income. In addition, taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to federal, state and local income taxes. Reconciliation between GAAP Net Income and Federal Taxable Income: The following table reconciles GAAP net (loss)/income to taxable income for the years ended December 31, 2009, 2008 and 2007 (in thousands): 2009 (Estimated) 2008 (Actual) 2007 (Actual) GAAP net (loss)/income $ (3,942) $ 249,902 $ 442,830 Less: GAAP net loss/(income) of taxable REIT subsidiaries 67,843 (9,002) (98,542) GAAP net income from REIT operations (a) 63,901 240,900 344,288 Net book depreciation in excess of tax depreciation 24,261 19,249 31,963 Deferred/prepaid/above and below market rents, net (18,967) (17,521) (12,879) Book/tax differences from non-qualified stock options 12,107 (15,994) (26,210) Book/tax differences from investments in real estate joint ventures 55,101 55,047 5,740 Book/tax difference on sale of property (13,478) 5,617 (8,788) Valuation adjustment of foreign currency contracts - (35) 308 Book adjustment to property carrying values and marketable equity securities 122,903 71,638 - Other book/tax differences, net 1,312 10,769 23,911 Adjusted taxable income subject to 90% dividend requirements $ 247,140 $ 369,670 $ 358,333 Certain amounts in the prior periods have been reclassified to conform to the current year presentation. (a) All adjustments to "GAAP net (loss)/income from REIT operations" are net of amounts attributable to noncontrolling interest and taxable REIT subsidiaries. Reconciliation between Cash Dividends Paid and Dividends Paid Deductions (in thousands): For the years ended December 31, 2009, 2008 and 2007 cash dividends paid exceeded the

24. Supplemental Financial Info

24. Supplemental Financial Information:
	12 Months Ended Dec. 31, 2009 USD / shares
Supplemental Financial Information (abstract)
SupplementalFinancialInformation	24. Supplemental Financial Information: The following represents the results of operations, expressed in thousands except per share amounts, for each quarter during the years 2009 and 2008: 2009 (Unaudited) Mar. 31 June 30 Sept. 30 Dec. 31 Revenues from rental property(1) $ 193,895 $ 189,285 $ 191,885 $ 211,822 Net income/(loss) attributable to the Company $ 38,424 $ (134,651) $ 40,108 $ 52,177 Net income/(loss) per common share: Basic $ 0.10 $ (0.40) $ 0.07 $ 0.11 Diluted $ 0.10 $ (0.40) $ 0.07 $ 0.11 2008 (Unaudited) Mar. 31 June 30 Sept. 30 Dec. 31 Revenues from rental property(1) $ 188,794 $ 182,970 $ 189,951 $ 196,989 Net income/(loss) attributable to the Company $ 98,467 $ 94,374 $ 108,584(a) $ (51,523)(a) Net income/(loss) per common share: Basic $ 0.34 $ 0.33 $ 0.38 $ (0.24) Diluted $ 0.34 $ 0.32 $ 0.37 $ (0.24) (1) All periods have been adjusted to reflect the impact of operating properties sold during 2009 and 2008 and properties classified as held for sale as of December 31, 2009, which are reflected in the caption Discontinued operations on the accompanying Consolidated Statements of Operations. (a) Out-of-Period Adjustment - During the fourth quarter of 2008, the Company identified an out-of-period adjustment in its consolidated financial statements for the year ended December 31, 2008. This adjustment related to the accounting for cash distributions received in excess of the Companys carrying value of its investment in an unconsolidated joint venture. During the third quarter of 2008, the Company recorded as income approximately $8.5 million from cash distributions received in excess of the Companys carrying value of its investment resulting from mortgage refinancing proceeds from one of its unconsolidated joint ventures. The Company recorded the $8.5 million as income as the Company had no guaranteed obligations or was otherwise committed to provide further financial support to the joint venture. It was determined in the fourth quarter of 2008, that although the Company in substance does not have any further obligations, in form, the Company is the general partner in this joint venture and does have a legal obligation relating to the partnership. As such, the Company should not have recognized the $8.5 million as income in the third quarter. The Company has reversed this amount from income in the fourth quarter of 2008. As a result of this out-of-period adjustment, net income was overstated by $8.5 million in the third quarter of 2008 and understated by $8.5 million in the fourth quarter of 2008, but correctly stated for the year ended December 31, 2008. The Company concluded that the $8.5 million adjustment was not material to the quarter ended September 30, 2008 or the quarter ended December 31, 2008. As such,

25. Pro Forma Financial Informa

25. Pro Forma Financial Information (Unaudited):
	12 Months Ended Dec. 31, 2009 USD / shares
Pro Forma Financial Information (abstract)
ProFormaFinancialInformation	25. Pro Forma Financial Information (Unaudited): As discussed in Notes 5, 6 and 7, the Company and certain of its subsidiaries acquired and disposed of interests in certain operating properties during 2009. The pro forma financial information set forth below is based upon the Company's historical Consolidated Statements of Operations for the years ended December 31, 2009 and 2008, adjusted to give effect to these transactions at the beginning of each year. The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of each year, nor does it purport to represent the results of operations for future periods. (Amounts presented in millions, except per share figures.) Year ended December 31, 2009 2008 Revenues from rental property $ 864.0 $ 853.5 Net income $ 22.4 $ 274.1 Net (loss)/income attributable to the Companys common shareholders $ (34.9) $ 201.6 Net (loss)/income attributable to the Companys common shareholders per common share: Basic $ (0.10) $ 0.78 Diluted $ (0.10) $ 0.78

Document And Entity Information

Document And Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Feb. 18, 2010
Document and Entity Information [Abstract]
Entity Registrant Name	Kimco Realty Corporation
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		405,544,542
Entity Public Float	$5,400,000,000
Amendment Flag	false
Entity Central Index Key	0000879101
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	2009-12-31