Note 4 - Investment and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for under the Equity Method - Investment Details (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Millions, unless otherwise specified |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Total GLA | 3,936 | [1],[2] | ' | | ' |
KimPru and KimPru II [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | 15.00% | [3],[4],[5] | 15.00% | [3],[4],[5] | ' |
Number of Properties | 60 | [3],[4],[5] | 60 | [3],[4],[5] | ' |
Total GLA | 10,600,000 | [3],[4],[5] | 10,600,000 | [3],[4],[5] | ' |
Gross Investment In Real Estate (in Dollars) | $2,740.10 | [3],[4],[5] | $2,724 | [3],[4],[5] | ' |
The Company's Investment (in Dollars) | 180.6 | [3],[4],[5] | 179.7 | [3],[4],[5] | ' |
KIR [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | 48.60% | [3],[6] | 48.60% | [3],[6] | ' |
Number of Properties | 55 | [3],[6] | 57 | [3],[6] | ' |
Total GLA | 11,600,000 | [3],[6] | 12,000,000 | [3],[6] | ' |
Gross Investment In Real Estate (in Dollars) | 1,484.30 | [3],[6] | 1,496 | [3],[6] | ' |
The Company's Investment (in Dollars) | 155.2 | [3],[6] | 163.6 | [3],[6] | ' |
Kimstone [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | 33.30% | [3] | 33.30% | [3] | 33.30% |
Number of Properties | 39 | [3] | 39 | [3] | ' |
Total GLA | 5,600,000 | [3] | 5,600,000 | [3] | ' |
Gross Investment In Real Estate (in Dollars) | 1,095.50 | [3] | 1,095.30 | [3] | ' |
The Company's Investment (in Dollars) | 93.3 | [3] | 100.3 | [3] | ' |
BIG Shopping Centers [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | 37.90% | [3],[7] | 37.90% | [3],[7] | ' |
Number of Properties | 21 | [3],[7] | 21 | [3],[7] | ' |
Total GLA | 3,400,000 | [3],[7] | 3,400,000 | [3],[7] | ' |
Gross Investment In Real Estate (in Dollars) | 520.5 | [3],[7] | 520.1 | [3],[7] | ' |
The Company's Investment (in Dollars) | 30.6 | [3],[7] | 29.5 | [3],[7] | ' |
CPP [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | 55.00% | [3] | 55.00% | [3] | ' |
Number of Properties | 6 | [3] | 6 | [3] | ' |
Total GLA | 2,400,000 | [3] | 2,400,000 | [3] | ' |
Gross Investment In Real Estate (in Dollars) | 438.4 | [3] | 437.4 | [3] | ' |
The Company's Investment (in Dollars) | 155.9 | [3] | 144.8 | [3] | ' |
Kimco Income Fund [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | ' | [3],[8] | 39.50% | [3],[8] | ' |
Number of Properties | ' | [3],[8] | 12 | [3],[8] | ' |
Total GLA | ' | [3],[8] | 1,500,000 | [3],[8] | ' |
Gross Investment In Real Estate (in Dollars) | ' | [3],[8] | 288.7 | [3],[8] | ' |
The Company's Investment (in Dollars) | ' | [3],[8] | 50.6 | [3],[8] | ' |
SEB Immobilien [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | 15.00% | [3],[9] | 15.00% | [3],[9] | ' |
Number of Properties | 13 | [3],[9] | 13 | [3],[9] | ' |
Total GLA | 1,800,000 | [3],[9] | 1,800,000 | [3],[9] | ' |
Gross Investment In Real Estate (in Dollars) | 362.6 | [3],[9] | 361.9 | [3],[9] | ' |
The Company's Investment (in Dollars) | 0.5 | [3],[9] | 0.9 | [3],[9] | ' |
Other Institutional Programs [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | ' | [10],[11],[3] | ' | [10],[11],[3] | ' |
Number of Properties | 52 | [10],[11],[3] | 56 | [10],[11],[3] | ' |
Total GLA | 1,700,000 | [10],[11],[3] | 2,100,000 | [10],[11],[3] | ' |
Gross Investment In Real Estate (in Dollars) | 373.2 | [10],[11],[3] | 385.3 | [10],[11],[3] | ' |
The Company's Investment (in Dollars) | 12 | [10],[11],[3] | 17.9 | [10],[11],[3] | ' |
RioCan [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | 50.00% | | 50.00% | | ' |
Number of Properties | 45 | | 45 | | ' |
Total GLA | 9,300,000 | | 9,300,000 | | ' |
Gross Investment In Real Estate (in Dollars) | 1,305.70 | | 1,314.30 | | ' |
The Company's Investment (in Dollars) | 161.4 | | 156.3 | | ' |
Latin America Portfolio [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | ' | [12] | ' | [12] | ' |
Number of Properties | 19 | [12] | 28 | [12] | ' |
Total GLA | 1,500,000 | [12] | 3,700,000 | [12] | ' |
Gross Investment In Real Estate (in Dollars) | 125.4 | [12] | 313.2 | [12] | ' |
The Company's Investment (in Dollars) | 73.5 | [12] | 156.7 | [12] | ' |
Other Joint Venture Programs [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Average Ownership Interest | ' | [13] | ' | [13] | ' |
Number of Properties | 67 | [13] | 75 | [13] | ' |
Total GLA | 10,700,000 | [13] | 11,500,000 | [13] | ' |
Gross Investment In Real Estate (in Dollars) | 1,536.60 | [13] | 1,548.90 | [13] | ' |
The Company's Investment (in Dollars) | 265.3 | [13] | 256.7 | [13] | ' |
All Equity Method Investments [Member] | ' | | ' | | ' |
Schedule of Equity Method Investments [Line Items] | ' | | ' | | ' |
Number of Properties | 377 | | 412 | | ' |
Total GLA | 58,600,000 | | 63,900,000 | | ' |
Gross Investment In Real Estate (in Dollars) | 9,982.30 | | 10,485.10 | | ' |
The Company's Investment (in Dollars) | $1,128.30 | | $1,257 | | ' |
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[1] | The Company acquired from its partners the remaining ownership interest in a joint venture which holds 12 encumbered properties forwhich the Company had a 39.1% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidationguidance and as a result, recognized a gain of $65.6 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other. Subsequently, the Company repaid $128.4 million in debt encumbering ten of the properties. Additionally, during June 2014, the Company sold one of the properties to a third party. |
[2] | Gross leasable area ("GLA") |
[3] | The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. |
[4] | During the six months ended June 30, 2014, KimPru acquired an additional parcel within one of its existing operating properties in Elk Grove, CA for a purchase price of $10.5 million. The Company's capital contribution for this acquisition was $1.6 million. |
[5] | This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors ("PREI"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II. |
[6] | During the six months ended June 30, 2014, KIR sold two operating properties for a sales price of $17.7 million. In connection with the two dispositions, the Company recognized its share of an aggregate net gain of $1.1 million. |
[7] | Ownership % is a blended rate |
[8] | During the six months ended June 30, 2014, the Company purchased the remaining interest in KIF based on a gross fair value purchase price of $408.0 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such, the Company recognized a gain of $65.6 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates these operating properties. |
[9] | During July 2014, the Company acquired 10 operating properties from the SEB joint venture based on a gross purchase price of $275.8 million, including the assumption of $193.6 million of mortgage debt. As a result of this transaction, the Company will consolidate these properties. |
[10] | During the six months ended June 30, 2014, the Company acquired three properties from a joint venture in which the Company has a noncontrolling interest for a total sales price of $93.2 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such, the Company recognized a gain of $3.7 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates these operating properties. |
[11] | During the six months ended June 30, 2014, a joint venture in which the Company holds a noncontrolling interest sold an operating property for a sales price of $11.3 million and recognized a gain of $0.3 million. The Company's share of this gain was $0.1 million. |
[12] | During the six months ended June 30, 2014, the Company sold its noncontrolling interest in nine operating properties located throughout Mexico for a sales price of $175.0 million. The Company recognized a gain of $30.7 million, before income taxes, associated with these transactions. |
[13] | During the six months ended June 30, 2014, a joint venture in which the Company holds a noncontrolling interest sold eight operating properties for an aggregate sales price of $98.4 million and recognized an aggregate gain of $33.7 million. The Company's share of this gain was $17.7 million. |