Kimco Realty (KIM) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 29, 2020
Document Information [Line Items]
Entity Central Index Key	0000879101
Entity Registrant Name	KIMCO REALTY CORP
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	1-10899
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	13-2744380
Entity Address, Address Line One	500 North Broadway, Suite 201
Entity Address, City or Town	Jericho
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11753
City Area Code	516
Local Phone Number	869-9000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		432,503,634
Class M Cumulative Redeemable Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing one-thousandth of a share of 5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
Trading Symbol	KIMprM
Security Exchange Name	NYSE
Class L Cumulative Redeemable Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
Trading Symbol	KIMprL
Security Exchange Name	NYSE
Common Stock 1 [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $.01 per share.
Trading Symbol	KIM
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Assets:
Real estate, net of accumulated depreciation and amortization of $2,606,653 and $2,500,053, respectively		$ 9,397,045	$ 9,209,053
Real estate under development			229,900
Cash and cash equivalents		201,687	123,947
Marketable securities		633,551	9,353
Accounts and notes receivable, net		250,150	218,689
Operating lease right-of-use assets, net		96,437	99,125
Other assets		214,028	345,012
Total assets	[1]	11,559,970	10,997,867
Liabilities:
Notes payable, net		4,961,972	4,831,759
Mortgages and construction loan payable, net		388,406	484,008
Dividends payable		5,366	126,274
Operating lease liabilities		90,364	92,711
Other liabilities		477,545	516,265
Total liabilities	[2]	5,923,653	6,051,017
Redeemable noncontrolling interests		17,943	17,943
Commitments and Contingencies
Stockholders' equity:
Preferred stock, $1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 19,580 shares; Aggregate liquidation preference $489,500		20	20
Common stock, $.01 par value, authorized 750,000,000 shares; Issued and outstanding 432,503,634 and 431,814,951 shares, respectively		4,325	4,318
Paid-in capital		5,752,658	5,765,233
Cumulative distributions in excess of net income		(200,492)	(904,679)
Total stockholders' equity		5,556,511	4,864,892
Noncontrolling interests		61,863	64,015
Total equity		5,618,374	4,928,907
Total liabilities and equity		11,559,970	10,997,867
Real Estate Under Development [Member]
Assets:
Real estate under development		5,672	220,170
Investments in and Advances to Real Estate Joint Ventures [Member]
Assets:
Investments in and advances to real estate joint ventures		585,363	578,118
Other Real Estate Investments [Member]
Assets:
Other real estate investments		$ 176,037	$ 194,400
[1]	Includes restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2020 and December 31, 2019 of $104,214 and $245,489, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.
[2]	Includes non-recourse liabilities of consolidated VIEs at June 30, 2020 and December 31, 2019 of $64,780 and $153,436, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Preferred stock, par value (in dollars per share)		$ 1	$ 1
Preferred stock, shares authorized (in shares)		7,054,000	7,054,000
Preferred stock, shares issued (in shares)		19,580	19,580
Preferred stock, shares outstanding (in shares)		19,580	19,580
Preferred stock, liquidation preference		$ 489,500	$ 489,500
Real estate, accumulated depreciation		2,606,653	2,500,053
Total assets	[1]	11,559,970	10,997,867
Total liabilities	[2]	$ 5,923,653	$ 6,051,017
Common stock, par value (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)		432,503,634	431,814,951
Common stock, shares outstanding (in shares)		432,503,634	431,814,951
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member]
Total liabilities		$ 64,800	$ 153,400
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member]
Total assets		$ 104,200	$ 245,500
[1]	Includes restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2020 and December 31, 2019 of $104,214 and $245,489, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.
[2]	Includes non-recourse liabilities of consolidated VIEs at June 30, 2020 and December 31, 2019 of $64,780 and $153,436, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019
Revenues
Revenues from rental properties, net		$ 235,961	$ 280,710	$ 521,965	[1]	$ 571,344	[1]
Management and other fee income		2,955	4,163	6,695		8,539
Total revenues		238,916	284,873	528,660		579,883
Operating expenses
Rent		(2,827)	(2,924)	(5,662)		(5,616)
Real estate taxes		(38,678)	(37,005)	(78,330)		(76,352)
Operating and maintenance		(38,940)	(43,217)	(81,348)		(84,113)
General and administrative		(22,504)	(22,633)	(43,521)		(48,464)
Impairment charges		138	17,451	3,112		21,626
Depreciation and amortization		(73,559)	(69,005)	(142,956)		(140,566)
Total operating expenses		(176,646)	(192,235)	(354,929)		(376,737)
Gain on sale of properties		1,850	14,762	5,697		38,357
Operating income		64,120	107,400	179,428		241,503
Other income/(expense)
Other income, net		49	1,867	1,293		2,986
Gain on marketable securities, net		526,243	71	521,577		1,574
Gain on sale of cost method investment		190,832	0	190,832		0
Interest expense		(48,015)	(44,097)	(94,075)		(88,492)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments, net		733,229	65,241	799,055		157,571
(Provision)/benefit for income taxes, net		(51)	344	(94)		(286)
Net income		748,118	101,387	838,507		218,065
Net income attributable to noncontrolling interests		(225)	(360)	(514)		(869)
Net income attributable to the Company		747,893	101,027	837,993		217,196
Preferred dividends		(6,354)	(14,534)	(12,708)		(29,068)
Net income available to the Company's common shareholders		$ 741,539	$ 86,493	$ 825,285		$ 188,128
Per common share:
-Basic (in dollars per share)		$ 1.71	$ 0.20	$ 1.91		$ 0.45
-Diluted (in dollars per share)		$ 1.71	$ 0.20	$ 1.90		$ 0.44
Weighted average shares:
-Basic (in shares)		429,967	419,697	429,851		419,581
-Diluted (in shares)	[2]	431,170	420,646	431,527		420,798
Joint Ventures [Member]
Other income/(expense)
Equity in income		$ 10,158	$ 22,533	$ 23,806		$ 41,287
Other Real Estate Investments [Member]
Other income/(expense)
Equity in income		$ 4,782	$ 13,269	$ 15,740		$ 19,493
[1]	During the six months ended June 30, 2020, the Company recorded a $50.5 million adjustment associated with potentially uncollectible revenues and disputed amounts, which includes $11.5 million for straight-line rent receivables, primarily attributable to the COVID-19 pandemic.
[2]	The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 1.2 million and 1.3 million stock options that were not dilutive as of June 30, 2020 and 2019, respectively, and 2.5 million shares of restricted stock that were not dilutive for the three months ended June 30, 2020.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Retained Earnings [Member]	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2018	$ (787,707)	$ 43	$ 4,214	$ 6,117,254	$ 5,333,804	$ 77,249	$ 5,411,053
Balance (in shares) at Dec. 31, 2018		43	421,389
Net income	217,196	$ 0	$ 0	0	217,196	869	218,065
Redeemable noncontrolling interests income	0	0	0	0	0	(185)	(185)
Dividends declared to common and preferred shares	(265,423)	0	0	0	(265,423)	0	(265,423)
Distributions to noncontrolling interests	0	0	0	0	0	(1,159)	(1,159)
Issuance of common stock	0	$ 0	$ 8	(8)	0	0	0
Issuance of common stock (in shares)		0	786
Surrender of restricted common stock	0	$ 0	$ (2)	(3,687)	(3,689)	0	(3,689)
Surrender of restricted common stock (in shares)		0	(223)
Exercise of common stock options	0	$ 0	$ 1	1,810	1,811	0	1,811
Exercise of common stock options (in shares)		0	142
Amortization of equity awards	0	$ 0	$ 0	9,714	9,714	0	9,714
Acquisition of noncontrolling interests	0	0	0	489	489	(3,215)	(2,726)
Balance at Jun. 30, 2019	(835,934)	$ 43	$ 4,221	6,125,572	5,293,902	73,559	5,367,461
Balance (in shares) at Jun. 30, 2019		43	422,094
Balance at Mar. 31, 2019	(804,241)	$ 43	$ 4,220	6,119,855	5,319,877	76,981	5,396,858
Balance (in shares) at Mar. 31, 2019		43	422,037
Net income	101,027	$ 0	$ 0	0	101,027	360	101,387
Redeemable noncontrolling interests income	0	0	0	0	0	(93)	(93)
Dividends declared to common and preferred shares	(132,720)	0	0	0	(132,720)	0	(132,720)
Distributions to noncontrolling interests	0	0	0	0	0	(474)	(474)
Issuance of common stock	0	$ 0	$ 0	0	0	0	0
Issuance of common stock (in shares)		0	3
Surrender of restricted common stock	0	$ 0	$ 0	(437)	(437)	0	(437)
Surrender of restricted common stock (in shares)		0	(36)
Exercise of common stock options	0	$ 0	$ 1	1,129	1,130	0	1,130
Exercise of common stock options (in shares)		0	90
Amortization of equity awards	0	$ 0	$ 0	4,536	4,536	0	4,536
Acquisition of noncontrolling interests	0	0	0	489	489	(3,215)	(2,726)
Balance at Jun. 30, 2019	(835,934)	$ 43	$ 4,221	6,125,572	5,293,902	73,559	5,367,461
Balance (in shares) at Jun. 30, 2019		43	422,094
Balance at Dec. 31, 2019	(904,679)	$ 20	$ 4,318	5,765,233	4,864,892	64,015	4,928,907
Balance (in shares) at Dec. 31, 2019		20	431,815
Net income	837,993	$ 0	$ 0	0	837,993	514	838,507
Redeemable noncontrolling interests income	0	0	0	0	0	(605)	(605)
Dividends declared to common and preferred shares	(133,806)	0	0	0	(133,806)	0	(133,806)
Distributions to noncontrolling interests	0	0	0	0	0	(899)	(899)
Issuance of common stock	0	$ 0	$ 9	(9)	0	0	0
Issuance of common stock (in shares)		0	921
Surrender of restricted common stock	0	$ 0	$ (3)	(5,322)	(5,325)	0	(5,325)
Surrender of restricted common stock (in shares)		0	(295)
Exercise of common stock options	0	$ 0	$ 1	980	981	0	981
Exercise of common stock options (in shares)		0	63
Amortization of equity awards	0	$ 0	$ 0	11,124	11,124	0	11,124
Acquisition of noncontrolling interests	0	0	0	(19,348)	(19,348)	(1,271)	(20,619)
Contributions from noncontrolling interests	0	0	0	0	0	109	109
Balance at Jun. 30, 2020	(200,492)	$ 20	$ 4,325	5,752,658	5,556,511	61,863	5,618,374
Balance (in shares) at Jun. 30, 2020		20	432,504
Balance at Mar. 31, 2020	(942,031)	$ 20	$ 4,325	5,747,277	4,809,591	62,878	4,872,469
Balance (in shares) at Mar. 31, 2020		20	432,525
Net income	747,893	$ 0	$ 0	0	747,893	225	748,118
Redeemable noncontrolling interests income	0	0	0	0	0	(343)	(343)
Dividends declared to common and preferred shares	(6,354)	0	0	0	(6,354)	0	(6,354)
Distributions to noncontrolling interests	0	0	0	0	0	(344)	(344)
Surrender of restricted common stock	0	$ 0	$ 0	(166)	(166)	0	(166)
Surrender of restricted common stock (in shares)		0	(21)
Amortization of equity awards	0	$ 0	$ 0	5,395	5,395	0	5,395
Acquisition of noncontrolling interests	0	0	0	152	152	(662)	(510)
Contributions from noncontrolling interests	0	0	0	0	0	109	109
Balance at Jun. 30, 2020	$ (200,492)	$ 20	$ 4,325	$ 5,752,658	$ 5,556,511	$ 61,863	$ 5,618,374
Balance (in shares) at Jun. 30, 2020		20	432,504

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flow from operating activities:
Net income	$ 838,507	$ 218,065
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	142,956	140,566
Impairment charges	3,112	21,626
Equity award expense	11,482	10,284
Gain on sale of properties	(5,697)	(38,357)
Gain on marketable securities, net	(521,577)	(1,574)
Gain on sale of cost method investment	(190,832)	0
Distributions from joint ventures and other real estate investments	55,828	60,858
Change in accounts and notes receivable, net	(31,461)	2,159
Change in accounts payable and accrued expenses	(977)	(8,382)
Change in other operating assets and liabilities, net	(24,348)	(30,936)
Net cash flow provided by operating activities	237,447	313,529
Cash flow from investing activities:
Acquisition of operating real estate	(7,073)	0
Improvements to operating real estate	(110,826)	(139,865)
Improvements to real estate under development	(22,358)	(57,496)
Investments in marketable securities	0	(157)
Proceeds from sale of marketable securities	906	151
Proceeds from sale of cost method investment	227,521	0
Investments in and advances to real estate joint ventures	(8,006)	(16,214)
Reimbursements of investments in and advances to real estate joint ventures	1,737	2,702
Investments in and advances to other real estate investments	(1,278)	(9,685)
Reimbursements of investments in and advances to other real estate investments	0	5,960
Investment in other financing receivable	0	(48)
Collection of mortgage loans receivable	77	5,351
Proceeds from sale of operating properties	13,447	106,782
Proceeds from insurance casualty claims	2,450	2,000
Net cash flow provided by/(used for) investing activities	96,597	(100,519)
Cash flow from financing activities:
Principal payments on debt, excluding normal amortization of rental property debt	(88,426)	(6,198)
Principal payments on rental property debt	(5,440)	(6,179)
Proceeds from construction loan financing	0	7,149
(Repayments)/proceeds from the unsecured revolving credit facility, net	(200,000)	35,000
Proceeds from issuance of unsecured term loan	590,000	0
Repayments of unsecured term loan	(265,000)	0
Financing origination costs	(6,422)	(7)
Payment of early extinguishment of debt charges	0	(1,531)
Contributions from noncontrolling interests	109	0
Redemption/distribution of noncontrolling interests	(22,123)	(4,060)
Dividends paid	(254,716)	(265,226)
Proceeds from issuance of stock, net	981	1,811
Change in other financing liabilities	(5,267)	(3,359)
Net cash flow used for financing activities	(256,304)	(242,600)
Net change in cash and cash equivalents	77,740	(29,590)
Cash and cash equivalents, beginning of the period	123,947	143,581
Cash and cash equivalents, end of the period	201,687	113,991
Interest paid during the period including payment of early extinguishment of debt charges of $0 and $1,531, respectively (net of capitalized interest of $8,879 and $6,680, respectively)	91,502	86,621
Joint Ventures [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income	(23,806)	(41,287)
Other Real Estate Investments [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income	$ (15,740)	$ (19,493)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash paid for capitalized interest	$ 8,879	$ 6,680
Early extinguishment of debt charges	$ 0	$ 1,531

Note 1 - Business and Organizat

Note 1 - Business and Organization	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Business and Organization Kimco Realty Corporation, a Maryland corporation, is one The Company elected status as a Real Estate Investment Trust (a “REIT”) for federal income tax purposes beginning in its taxable year ended December 31, 1991 90 not not 100 may not not not COVID- 19 In March 2020, 2019 19” 19 19 not 19 19 19. The COVID- 19 In March 2020, 19 19 may The COVID- 19 19 not 19. 19 19 The health and safety of the Company’s employees and their families is a top priority. The Company has taken the necessary steps to protect its employees and to empower them to work from home and care for their family members and children, whose lives have also been impacted. ● Beginning March 11, 2020, 100% ● All business travel has been stopped until further notice. ● The Company has benefited from recent investments in new technology and software over the last year, as its entire team is equipped with new laptops and cellular capability to enable them to work remotely. ● Daily webinar training was provided to ensure associates are fully supported to work from home. The Company’s human resources and information technology teams are available to all employees to address any needs or concerns they may ● Associates will be provided paid time off to care for themselves or family members diagnosed with COVID- 19. ● The Company has ramped up communications at all levels and has initiated Company-wide virtual meetings such that executives are accessible, able to keep associates informed, and able to answer questions. The Company will continue to evaluate individual situations as they arise and adjust its approach as appropriate, with the goal to enable its employees to be as productive as possible while offering them the flexibility they need to care for themselves and their families. Since the outbreak of the COVID- 19 19 six June 30, 2020, 19 As a result of the current economic uncertainty and the impact to many of the Company's tenants, the Company has taken important steps to offer its support, including: ( 1 The Company has, and continues to have, worked with these tenants to grant rent deferrals on a tenant-by-tenant basis. The deferrals are anticipated to be paid within six 18 ( 2 During April 2020, 19 ( 3 The Company is closely monitoring recommendations and mandates of federal, state and local governments, and health authorities. ( 4 At the onset of the COVID- 19 ( 5 The Company’s teams worked to provide additional assistance in the communities where it operates, finding creative ways to use its conveniently located shopping centers during this difficult time. The Company fast-tracked the approval of drive-thru testing centers, blood-drive locations, and school lunch pick-ups. ( 6 The Company launched the Kimco Curbside Pickup™ program designating dedicated parking spots for curbside pickup at its centers for use by all tenants and their customers.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Principles of Consolidation - The accompanying Condensed Consolidated Financial Statements include the accounts of the Company. The Company’s subsidiaries include subsidiaries which are wholly-owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) in accordance with the Consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-company balances and transactions have been eliminated in consolidation. The information presented in the accompanying Condensed Consolidated Financial Statements is unaudited and reflects all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature. These Condensed Consolidated Financial Statements should be read in conjunction with the Company's audited Annual Report on Form 10 December 31, 2019 ( “10 10 June 30, 2020, 10 not Reclassifications - Certain amounts in the prior period have been reclassified in order to conform to the current period’s presentation. For comparative purposes, the Company reclassified (i) $9.4 million of Marketable securities from Other assets on the Company’s Condensed Consolidated Balance Sheets at December 31, 2019 three six June 30, 2019, Subsequent Events - The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its condensed consolidated financial statements (See Footnotes 3, 8 16 New Accounting Pronouncements – In April 2020, Topic 842 840: 19 842, 840, 842 not 19 19 may not 19 19 not Some concessions will provide a deferral of payments with no none (i) Account for the concessions as if no (ii) Account for the deferred payments as variable lease payments. The Company has elected to apply the modification relief as mentioned in (i) above to the lease concessions it has entered into during the six June 30, 2020 19 The following table represents ASUs to the FASB’s ASC that, as of June 30, 2020, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2020 01, 321 323 815 321, 323, 815 The amendments clarify the interaction between the accounting for equity securities, equity method investments, and certain derivative instruments. This ASU, among other things, clarifies that an entity should consider observable transactions that require a company to either apply or discontinue the equity method of accounting under Topic 323 321 January 1, 2021; The adoption of this ASU is not The following ASUs to the FASB’s ASC have been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial statements or other significant matters ASU 2020 04, 848 This ASU is intended to provide temporary optional expedients and exceptions to the US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This guidance is effective immediately, and the Company may December 31, 2022. The adoption of this ASU did not ASU 2020 03, This ASU improves and clarifies various financial instruments topics. The ASU includes seven The amendment is divided into issues 1 7 The Company adopted issues 1 7 not ASU 2018 17, 810 The amendment to Topic 810 (i) Applying the variable interest entity (VIE) guidance to private companies under common control, and (ii) Considering indirect interests held through related parties under common control, for determining whether fees paid to decision makers and service providers are variable interests. This update improves the accounting for those areas, thereby improving general purpose financial reporting. Retrospective adoption is required. January 1, 2020; The adoption of this ASU did not ASU 2018 15, 350 40 The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. January 1, 2020; The adoption of this ASU did not ASU 2018 13, 820 The amendment modifies the disclosure requirements for fair value measurements in Topic 820, Conceptual Framework for Financial Reporting – Chapter 8: Notes to Financial Statements January 1, 2020; The adoption of this ASU did not ASU 2016 13, 326 ASU 2018 19, 326, ASU 2019 05, 326 ASU 2019 11, 326, The new guidance introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016 13 In November 2018, 2018 19, 842 In May 2019, 2019 05, 2016 13 2016 13, 326 203 825 10.4. not 2016 13. 2016 13. In November 2019, 2019 11, January 1, 2020; The Company adopted this standard using the modified retrospective method. While the Company’s mortgages and other financing receivables are impacted by this ASU, the adoption did not

Note 3 - Real Estate

Note 3 - Real Estate	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. Real Estate Acquisitions of Operating Properties - During the six June 30, 2020, Purchase Price Property Name Location Month Acquired Cash GLA* North Valley Parcel Peoria, AZ Feb-20 $ 7,073 9 Purchase Price Allocation - The purchase price for this acquisition is allocated to real estate and related intangible assets acquired, as applicable, in accordance with our accounting policies for asset acquisitions. The purchase price allocation for the property acquired during the six June 30, 2020, Allocation as of June 30, 2020 Weighted Average Amortization Period (in Years) Land $ 935 n/a Building 4,610 50.0 Building improvements 221 45.0 Tenant improvements 382 19.4 In-place leases 925 19.4 Net assets acquired $ 7,073 Real Estate Under Development – The Company had a real estate development project located in Dania Beach, FL for long-term investment. During June 2020, six June 30, 2020 2019, June 30, 2020, one Redevelopment As a result of the COVID- 19 Dispositions - The table below summarizes the Company’s disposition activity relating to consolidated operating properties and parcels (dollars in millions): Six Months Ended June 30 , 20 20 201 9 Aggregate sales price (1) $ 17.2 $ 110.1 Gain on sale of properties $ 5.7 $ 38.4 Number of properties sold 3 7 Number of out-parcels sold - 5 ( 1 During the six June 30, 2020, 26 §1031, July 2020. Impairments - During the six June 30, 2020 2019, third 11 The COVID- 19 19

Note 4 - Investments In and Adv

Note 4 - Investments In and Advances to Real Estate Joint Ventures	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Investments and Advances In Real Estate Joint Ventures [Text Block]	4. Investments in and Advances to Real Estate Joint Ventures The Company has investments in and advances to various real estate joint ventures. These joint ventures are engaged primarily in the operation of shopping centers which are either owned or held under long-term operating leases. The Company and the joint venture partners have joint approval rights for major decisions, including those regarding property operations. As such, the Company holds noncontrolling interests in these joint ventures and accounts for them under the equity method of accounting. The table below presents joint venture investments for which the Company held an ownership interest at June 30, 2020 December 31, 2019 ( Ownership The Company ’ s Investment Joint Venture Interest June 30 , 2020 December 31, 201 9 Prudential Investment Program (1) 15.0% $ 170.8 $ 169.5 Kimco Income Opportunity Portfolio (“KIR”) (1) 48.6% 175.8 175.0 Canada Pension Plan Investment Board (“CPP”) (1) 55.0% 157.7 151.7 Other Joint Venture Programs Various 81.1 81.9 Total* $ 585.4 $ 578.1 * Representing 98 property interests and 21.3 million square feet of GLA, as of both June 30, 2020 December 31, 2019. ( 1 The Company manages these joint venture investments and, where applicable, earns property management fees, construction management fees, property acquisition and disposition fees, leasing management fees and asset management fees. The table below presents the Company’s share of net income for the above investments which is included in Equity in income of joint ventures, net on the Company’s Condensed Consolidated Statements of Income for the three six June 30, 2020 2019 Three Months Ended June 30 , Six Months Ended June 30 , Joint Venture 20 20 201 9 2020 201 9 Prudential Investment Program $ 1.8 $ 2.8 $ 4.4 $ 5.7 KIR 5.0 17.2 14.7 31.8 CPP 1.7 1.6 2.7 3.0 Other Joint Venture Programs (1) 1.7 0.9 2.0 0.8 Total $ 10.2 $ 22.5 $ 23.8 $ 41.3 During the six June 30, 2019, six June 30, 2019. The table below presents debt balances within the Company’s unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at June 30, 2020 December 31, 2019 ( As of June 30, 2020 As of December 31, 201 9 Joint Venture Mortgages and Notes Payable , Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable , Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Prudential Investment Program $ 535.6 2.31 % 40.7 $ 538.1 3.46 % 46.8 KIR 558.5 4.04 % 29.0 556.0 4.39 % 28.4 CPP 84.8 3.25 % 36.0 84.8 3.25 % 42.0 Other Joint Venture Programs 424.2 3.45 % 89.1 415.2 3.87 % 80.9 Total $ 1,603.1 $ 1,594.1 * Includes extension options The Company will continue to monitor the economic, financial, and social conditions resulting from the COVID- 19

Note 5 - Other Real Estate Inve

Note 5 - Other Real Estate Investments	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Other Real Estate Investments and Other Assets [Text Block]	5. Other Real Estate Investments The Company has provided capital to owners and developers of real estate properties through its Preferred Equity Program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of June 30, 2020, six June 30, 2020, six June 30, 2019,

Note 6 - Marketable Securities

Note 6 - Marketable Securities	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	6. Marketable Securities The amortized cost and unrealized gains/(losses), net of marketable securities as of June 30, 2020 December 31, 2019, As of June 30, 2020 As of December 31, 2019 Marketable securities: Amortized cost (1) $ 114,587 $ 12,064 Unrealized gains/(losses), net (1) 518,964 (2,711 ) Total fair value $ 633,551 $ 9,353 ( 1 See Albertsons Companies, Inc. discussion below. During the three June 30, 2020 2019, six June 30, 2020 2019, 11 Albertsons Companies, Inc. (“ACI”) – The Company owned 9.29% of the common stock of ACI, one six June 30, 2020, On June 25, 2020, June 26, 2020. June 30, 2020, June 30, 2020,

Note 7 - Leases

Note 7 - Leases	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	7. Leases Lessor Leases The Company’s primary source of revenues are derived from lease agreements, which includes rental income and expense reimbursement. The Company’s lease income is comprised of minimum base rent, expense reimbursements, percentage rent, lease termination fee income, ancillary income, amortization of above-market and below-market rent adjustments and straight-line rent adjustments. The disaggregation of the Company’s lease income, which is included in Revenue from rental properties on the Company’s Condensed Consolidated Statements of Income, as either fixed or variable lease income based on the criteria specified in ASC 842, six June 30, 2020 2019, Six Months Ended June 30, 2020 2019 Lease income: Fixed lease income (1) $ 393,423 $ 430,618 Variable lease income (2) 115,018 127,234 Above-market and below-market leases amortization, net 13,524 13,492 Total lease income (3) $ 521,965 $ 571,344 ( 1 Includes minimum base rents, expense reimbursements, ancillary income and straight-line rent adjustments. ( 2 Includes minimum base rents, expense reimbursements, percentage rent, lease termination fee income and ancillary income. ( 3 During the six June 30, 2020, 19 Lessee Leases The Company currently leases real estate space under noncancelable operating lease agreements for ground leases and administrative office leases. The Company’s leases have remaining lease terms ranging from less than one not not June 30, 2020. June 30, 2020. may not The components of the Company’s lease expense, which are included in rent expense and general and administrative expense on the Company’s Condensed Consolidated Statements of Income for the six June 30, 2020 2019, Six Months Ended June 30, 2020 2019 Lease cost: Operating lease cost $ 5,196 $ 6,557 Variable lease cost 1,455 804 Total lease cost $ 6,651 $ 7,361

Note 8 - Notes, Mortgages and C

Note 8 - Notes, Mortgages and Construction Loan Payable	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	8. Notes, Mortgages and Construction Loan Payable Notes Payable – In February 2020, March 2024, two six March 2025. June 30, 2020), 1 June 30, 2020, In April 2020, April 2021, one April 2022. June 30, 2020) June 2020. June 30, 2020, June 30, 2020, In July 2020, October 2030 four 2018 three On July 15, 2020, May 2021. July 30, 2020, June 30, 2020, Mor tgages and Construction Loan Payable - In August 2018, one August 2020, six six August 2023 January 2020. During the six June 30, 2020, two

Note 9 - Noncontrolling Interes

Note 9 - Noncontrolling Interests	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Noncontrolling Interest Disclosure [Text Block]	9. Noncontrolling Interests Noncontrolling interests represent the portion of equity that the Company does not During the six June 30, 2020, two no one Included within noncontrolling interests are units that were determined to be contingently redeemable that are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholder’s equity on the Company’s Condensed Consolidated Balance Sheets. The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the six June 30, 2020 2019 Six Months Ended June 30, 20 20 201 9 Balance at January 1, $ 17,943 $ 23,682 Income 605 185 Distributions (605 ) (177 ) Balance at June 30, $ 17,943 $ 23,690

Note 10 - Variable Interest Ent

Note 10 - Variable Interest Entities ("VIE")	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	10. Variable Interest Entities (“VIE”) Included within the Company’s consolidated operating properties at both June 30, 2020 December 31, 2019, not not June 30, 2020, December 31, 2019, The majority of the operations of these VIEs are funded with cash flows generated from the properties. The Company has not not may Additionally, included within the Company’s real estate development projects at December 31, 2019, one not not December 31, 2019, six June 30, 2020 no All liabilities of these consolidated VIEs are non-recourse to the Company (“VIE Liabilities”). The assets of the unencumbered VIEs are not third As of June 30, 2020 As of December 31, 201 9 Number of unencumbered VIEs 19 19 Number of encumbered VIEs 3 4 Total number of consolidated VIEs 22 23 Restricted Assets: Real estate, net $ 98.7 $ 228.9 Cash and cash equivalents 2.2 9.2 Accounts and notes receivable, net 1.7 3.8 Other assets 1.6 3.6 Total Restricted Assets $ 104.2 $ 245.5 VIE Liabilities: Mortgages and construction loan payable, net $ 37.3 $ 104.5 Other liabilities 27.5 48.9 Total VIE Liabilities $ 64.8 $ 153.4

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	11. Fair Value Measurements All financial instruments of the Company are reflected in the accompanying Condensed Consolidated Balance Sheets at amounts which, in management’s 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 disclosed. The valuation method used to estimate fair value for fixed-rate and variable-rate debt is based on discounted cash flow analyses, with assumptions that include credit spreads, market yield curves, trading activity, loan amounts and debt maturities. The fair values for marketable securities are based on published values, securities dealers’ estimated market values or comparable market sales. Such fair value estimates are not As a basis for considering market participant assumptions in fair value measurements, the FASB’s 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 2 3 The following are financial instruments for which the Company’s estimated fair value differs from the carrying value (in thousands): June 30, 2020 December 31, 201 9 Carrying Value Fair Value Carrying Value Fair Value Notes payable, net (1) $ 4,961,972 $ 5,044,336 $ 4,831,759 $ 4,983,763 Mortgages and construction loan payable, net (2) $ 388,406 $ 387,440 $ 484,008 $ 486,042 ( 1 The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 3 2, June 30, 2020 December 31, 2019, 3, June 30, 2020 December 31, 2019, ( 2 The Company determined that its valuation of its mortgages and construction loan were classified within Level 3 The Company has certain financial instruments that must be measured under the FASB’s Fair Value Measurements and Disclosures guidance, including available for sale securities. The Company currently does not The tables below present the Company’s financial assets measured at fair value on a recurring basis at June 30, 2020 December 31, 2019, Balance at June 30, 2020 Level 1 Level 2 Level 3 Marketable equity securities $ 633,551 $ 633,551 $ - $ - Balance at December 31, 201 9 Level 1 Level 2 Level 3 Marketable equity securities $ 9,353 $ 9,353 $ - $ - Assets measured at fair value on a non-recurring basis at June 30, 2020 December 31, 2019, Balance at June 30, 2020 Level 1 Level 2 Level 3 Real estate $ 5,300 $ - $ - $ 5,300 Balance at December 31, 201 9 Level 1 Level 2 Level 3 Real estate $ 39,510 $ - $ - $ 39,510 Other real estate investments $ 32,974 $ - $ - $ 32,974 During the six June 30, 2020 2019, third not third 3 3

Note 12 - Incentive Plans

Note 12 - Incentive Plans	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	12. Incentive Plans In May 2020, 2020 “2020 2010 March 2020. 2020 June 30, 2020, 2020 The Company accounts for equity awards in accordance with FASB’s Compensation – Stock Compensation guidance which requires that all share-based payments to employees, including grants of employee stock options, restricted stock and performance shares, be recognized in the Condensed Consolidated Statements of Income over the service period based on their fair values. Fair value is determined, depending on the type of award, using either the Black-Scholes option pricing formula or the Monte Carlo method for performance shares, both of which are intended to estimate the fair value of the awards at the grant date. Fair value of restricted shares is calculated based on the price on the date of grant. The Company recognized expenses associated with its equity awards of $11.5 million and $10.3 million for the six June 30, 2020 2019, June 30, 2020,

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	13. Earnings Per Shar e The following table sets forth the reconciliation of earnings and the weighted average number of shares used in the calculation of basic and diluted earnings per share (amounts presented in thousands except per share data): Three Months Ended Six Months Ended June 30 , June 30 , 2020 201 9 2020 2019 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 741,539 $ 86,493 $ 825,285 $ 188,128 Earnings attributable to participating securities (5,253 ) (660 ) (5,687 ) (1,285 ) Net income available to the Company’s common shareholders for basic earnings per share 736,286 85,833 819,598 186,843 Distributions on convertible units 33 - 81 20 Net income available to the Company’s common shareholders for diluted earnings per share $ 736,319 $ 85,833 $ 819,679 $ 186,863 Weighted average common shares outstanding – basic 429,967 419,697 429,851 419,581 Effect of dilutive securities (1): Equity awards 970 949 1,469 1,166 Assumed conversion of convertible units 233 - 207 51 Weighted average common shares outstanding – diluted 431,170 420,646 431,527 420,798 Net income available to the Company's common shareholders: Basic earnings per share $ 1.71 $ 0.20 $ 1.91 $ 0.45 Diluted earnings per share $ 1.71 $ 0.20 $ 1.90 $ 0.44 ( 1 The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not not June 30, 2020 2019, not three June 30, 2020. The Company's unvested restricted share awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the unvested restricted share awards on earnings per share has been calculated using the two

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	14. Stockholders’ Equity Preferred Stock - The Company’s outstanding Preferred Stock is detailed below: As of June 30 , 2020 and December 31, 201 9 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125% $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250% $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500 Common Stock - During February 2020, two February 2022, may not six June 30, 2020. June 30, 2020, During September 2019, may may 415 1933, not six June 30, 2020. Dividends Declared - The following table provides a summary of the dividends declared per share: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Common Shares (1) $ - $ 0.28000 $ 0.28000 $ 0.56000 Class I Depositary Shares (2) $ - $ 0.37500 $ - $ 0.75000 Class J Depositary Shares (2) $ - $ 0.34375 $ - $ 0.68750 Class K Depositary Shares (2) $ - $ 0.35156 $ - $ 0.70312 Class L Depositary Shares $ 0.32031 $ 0.32031 $ 0.64062 $ 0.64062 Class M Depositary Shares $ 0.32813 $ 0.32813 $ 0.65626 $ 0.65626 ( 1 For the three June 30, 2020, 19 ( 2 Shares were fully redeemed during 2019.

Note 15 - Supplemental Schedule

Note 15 - Supplemental Schedule of Non-cash Investing / Financing Activities	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	15. Supplemental Schedule of Non-Cash Investing / Financing Activities The following schedule summarizes the non-cash investing and financing activities of the Company for the six June 30, 2020 2019 Six Months Ended June 30, 2020 201 9 Acquisition of real estate interests through proceeds held in escrow $ - $ 30,970 Proceeds held in escrow through sale of real estate interests $ 3,194 $ - Surrender of restricted common stock $ 5,325 $ 3,689 Declaration of dividends paid in succeeding period $ 5,366 $ 130,460 Capital expenditures accrual $ 46,860 $ 61,473

Note 16 - Subsequent Events

Note 16 - Subsequent Events	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	16. Subsequent Events See Footnote 3 §1031 June 30, 2020. See Footnote 8 June 30, 2020,

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation - The accompanying Condensed Consolidated Financial Statements include the accounts of the Company. The Company’s subsidiaries include subsidiaries which are wholly-owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) in accordance with the Consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-company balances and transactions have been eliminated in consolidation. The information presented in the accompanying Condensed Consolidated Financial Statements is unaudited and reflects all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature. These Condensed Consolidated Financial Statements should be read in conjunction with the Company's audited Annual Report on Form 10 December 31, 2019 ( “10 10 June 30, 2020, 10 not
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications - Certain amounts in the prior period have been reclassified in order to conform to the current period’s presentation. For comparative purposes, the Company reclassified (i) $9.4 million of Marketable securities from Other assets on the Company’s Condensed Consolidated Balance Sheets at December 31, 2019 three six June 30, 2019,
Subsequent Events, Policy [Policy Text Block]	Subsequent Events - The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its condensed consolidated financial statements (See Footnotes 3, 8 16
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements – In April 2020, Topic 842 840: 19 842, 840, 842 not 19 19 may not 19 19 not Some concessions will provide a deferral of payments with no none (i) Account for the concessions as if no (ii) Account for the deferred payments as variable lease payments. The Company has elected to apply the modification relief as mentioned in (i) above to the lease concessions it has entered into during the six June 30, 2020 19 The following table represents ASUs to the FASB’s ASC that, as of June 30, 2020, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2020 01, 321 323 815 321, 323, 815 The amendments clarify the interaction between the accounting for equity securities, equity method investments, and certain derivative instruments. This ASU, among other things, clarifies that an entity should consider observable transactions that require a company to either apply or discontinue the equity method of accounting under Topic 323 321 January 1, 2021; The adoption of this ASU is not The following ASUs to the FASB’s ASC have been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial statements or other significant matters ASU 2020 04, 848 This ASU is intended to provide temporary optional expedients and exceptions to the US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This guidance is effective immediately, and the Company may December 31, 2022. The adoption of this ASU did not ASU 2020 03, This ASU improves and clarifies various financial instruments topics. The ASU includes seven The amendment is divided into issues 1 7 The Company adopted issues 1 7 not ASU 2018 17, 810 The amendment to Topic 810 (i) Applying the variable interest entity (VIE) guidance to private companies under common control, and (ii) Considering indirect interests held through related parties under common control, for determining whether fees paid to decision makers and service providers are variable interests. This update improves the accounting for those areas, thereby improving general purpose financial reporting. Retrospective adoption is required. January 1, 2020; The adoption of this ASU did not ASU 2018 15, 350 40 The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. January 1, 2020; The adoption of this ASU did not ASU 2018 13, 820 The amendment modifies the disclosure requirements for fair value measurements in Topic 820, Conceptual Framework for Financial Reporting – Chapter 8: Notes to Financial Statements January 1, 2020; The adoption of this ASU did not ASU 2016 13, 326 ASU 2018 19, 326, ASU 2019 05, 326 ASU 2019 11, 326, The new guidance introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016 13 In November 2018, 2018 19, 842 In May 2019, 2019 05, 2016 13 2016 13, 326 203 825 10.4. not 2016 13. 2016 13. In November 2019, 2019 11, January 1, 2020; The Company adopted this standard using the modified retrospective method. While the Company’s mortgages and other financing receivables are impacted by this ASU, the adoption did not

Note 3 - Real Estate (Tables)

Note 3 - Real Estate (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Purchase Price Property Name Location Month Acquired Cash GLA* North Valley Parcel Peoria, AZ Feb-20 $ 7,073 9
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Allocation as of June 30, 2020 Weighted Average Amortization Period (in Years) Land $ 935 n/a Building 4,610 50.0 Building improvements 221 45.0 Tenant improvements 382 19.4 In-place leases 925 19.4 Net assets acquired $ 7,073
Disposal Groups, Including Discontinued Operations [Table Text Block]	Six Months Ended June 30 , 20 20 201 9 Aggregate sales price (1) $ 17.2 $ 110.1 Gain on sale of properties $ 5.7 $ 38.4 Number of properties sold 3 7 Number of out-parcels sold - 5

Note 4 - Investments In and A_2

Note 4 - Investments In and Advances to Real Estate Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Equity Method Investments [Table Text Block]	Ownership The Company ’ s Investment Joint Venture Interest June 30 , 2020 December 31, 201 9 Prudential Investment Program (1) 15.0% $ 170.8 $ 169.5 Kimco Income Opportunity Portfolio (“KIR”) (1) 48.6% 175.8 175.0 Canada Pension Plan Investment Board (“CPP”) (1) 55.0% 157.7 151.7 Other Joint Venture Programs Various 81.1 81.9 Total* $ 585.4 $ 578.1
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block]	As of June 30, 2020 As of December 31, 201 9 Joint Venture Mortgages and Notes Payable , Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable , Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Prudential Investment Program $ 535.6 2.31 % 40.7 $ 538.1 3.46 % 46.8 KIR 558.5 4.04 % 29.0 556.0 4.39 % 28.4 CPP 84.8 3.25 % 36.0 84.8 3.25 % 42.0 Other Joint Venture Programs 424.2 3.45 % 89.1 415.2 3.87 % 80.9 Total $ 1,603.1 $ 1,594.1
Income [Member]
Notes Tables
Equity Method Investments [Table Text Block]	Three Months Ended June 30 , Six Months Ended June 30 , Joint Venture 20 20 201 9 2020 201 9 Prudential Investment Program $ 1.8 $ 2.8 $ 4.4 $ 5.7 KIR 5.0 17.2 14.7 31.8 CPP 1.7 1.6 2.7 3.0 Other Joint Venture Programs (1) 1.7 0.9 2.0 0.8 Total $ 10.2 $ 22.5 $ 23.8 $ 41.3

Note 6 - Marketable Securities

Note 6 - Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Marketable Securities [Table Text Block]	As of June 30, 2020 As of December 31, 2019 Marketable securities: Amortized cost (1) $ 114,587 $ 12,064 Unrealized gains/(losses), net (1) 518,964 (2,711 ) Total fair value $ 633,551 $ 9,353

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Operating Lease, Lease Income [Table Text Block]	Six Months Ended June 30, 2020 2019 Lease income: Fixed lease income (1) $ 393,423 $ 430,618 Variable lease income (2) 115,018 127,234 Above-market and below-market leases amortization, net 13,524 13,492 Total lease income (3) $ 521,965 $ 571,344
Lease, Cost [Table Text Block]	Six Months Ended June 30, 2020 2019 Lease cost: Operating lease cost $ 5,196 $ 6,557 Variable lease cost 1,455 804 Total lease cost $ 6,651 $ 7,361

Note 9 - Noncontrolling Inter_2

Note 9 - Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Six Months Ended June 30, 20 20 201 9 Balance at January 1, $ 17,943 $ 23,682 Income 605 185 Distributions (605 ) (177 ) Balance at June 30, $ 17,943 $ 23,690

Note 10 - Variable Interest E_2

Note 10 - Variable Interest Entities ("VIE") (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	As of June 30, 2020 As of December 31, 201 9 Number of unencumbered VIEs 19 19 Number of encumbered VIEs 3 4 Total number of consolidated VIEs 22 23 Restricted Assets: Real estate, net $ 98.7 $ 228.9 Cash and cash equivalents 2.2 9.2 Accounts and notes receivable, net 1.7 3.8 Other assets 1.6 3.6 Total Restricted Assets $ 104.2 $ 245.5 VIE Liabilities: Mortgages and construction loan payable, net $ 37.3 $ 104.5 Other liabilities 27.5 48.9 Total VIE Liabilities $ 64.8 $ 153.4

Note 11 - Fair Value Measurem_2

Note 11 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	June 30, 2020 December 31, 201 9 Carrying Value Fair Value Carrying Value Fair Value Notes payable, net (1) $ 4,961,972 $ 5,044,336 $ 4,831,759 $ 4,983,763 Mortgages and construction loan payable, net (2) $ 388,406 $ 387,440 $ 484,008 $ 486,042
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Balance at June 30, 2020 Level 1 Level 2 Level 3 Marketable equity securities $ 633,551 $ 633,551 $ - $ - Balance at December 31, 201 9 Level 1 Level 2 Level 3 Marketable equity securities $ 9,353 $ 9,353 $ - $ - Balance at June 30, 2020 Level 1 Level 2 Level 3 Real estate $ 5,300 $ - $ - $ 5,300 Balance at December 31, 201 9 Level 1 Level 2 Level 3 Real estate $ 39,510 $ - $ - $ 39,510 Other real estate investments $ 32,974 $ - $ - $ 32,974

Note 13 - Earnings Per Share (T

Note 13 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30 , June 30 , 2020 201 9 2020 2019 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 741,539 $ 86,493 $ 825,285 $ 188,128 Earnings attributable to participating securities (5,253 ) (660 ) (5,687 ) (1,285 ) Net income available to the Company’s common shareholders for basic earnings per share 736,286 85,833 819,598 186,843 Distributions on convertible units 33 - 81 20 Net income available to the Company’s common shareholders for diluted earnings per share $ 736,319 $ 85,833 $ 819,679 $ 186,863 Weighted average common shares outstanding – basic 429,967 419,697 429,851 419,581 Effect of dilutive securities (1): Equity awards 970 949 1,469 1,166 Assumed conversion of convertible units 233 - 207 51 Weighted average common shares outstanding – diluted 431,170 420,646 431,527 420,798 Net income available to the Company's common shareholders: Basic earnings per share $ 1.71 $ 0.20 $ 1.91 $ 0.45 Diluted earnings per share $ 1.71 $ 0.20 $ 1.90 $ 0.44

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	As of June 30 , 2020 and December 31, 201 9 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125% $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250% $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500
Dividends Declared [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Common Shares (1) $ - $ 0.28000 $ 0.28000 $ 0.56000 Class I Depositary Shares (2) $ - $ 0.37500 $ - $ 0.75000 Class J Depositary Shares (2) $ - $ 0.34375 $ - $ 0.68750 Class K Depositary Shares (2) $ - $ 0.35156 $ - $ 0.70312 Class L Depositary Shares $ 0.32031 $ 0.32031 $ 0.64062 $ 0.64062 Class M Depositary Shares $ 0.32813 $ 0.32813 $ 0.65626 $ 0.65626

Note 15 - Supplemental Schedu_2

Note 15 - Supplemental Schedule of Non-cash Investing / Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended June 30, 2020 201 9 Acquisition of real estate interests through proceeds held in escrow $ - $ 30,970 Proceeds held in escrow through sale of real estate interests $ 3,194 $ - Surrender of restricted common stock $ 5,325 $ 3,689 Declaration of dividends paid in succeeding period $ 5,366 $ 130,460 Capital expenditures accrual $ 46,860 $ 61,473

Note 1 - Business and Organiz_2

Note 1 - Business and Organization (Details Textual) $ in Millions	Jun. 30, 2020USD ($)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 50.5
COVID 19 [Member] | Straight-Line Rent Receivables [Member]
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 11.5

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Other Assets, Total	$ 214,028		$ 214,028	$ 214,028		$ 345,012
Marketable Securities, Total	633,551		633,551	633,551		9,353
Marketable Securities, Gain (Loss), Total	526,243	$ 71		$ 521,577	$ 1,574
Revision of Prior Period, Reclassification, Adjustment [Member]
Other Assets, Total						$ (9,400)
Other Income	$ (100)		$ (1,600)

Note 3 - Real Estate (Details T

Note 3 - Real Estate (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Development in Process					$ 229,900
Real Estate Inventory, Capitalized Interest Costs, Ending Balance					31,200
Real Estate Investment Property, Net, Total	$ 9,397,045		$ 9,397,045		9,209,053
Other Assets, Total	214,028		214,028		$ 345,012
Real Estate Inventory, Capitalized Interest Costs Incurred			4,000	$ 3,100
Real Estate Development Projects, Real Estate Taxes and Insurance Capitalized			600	400
Real Estate Development Projects, Payroll Costs Capitalized			1,000	300
Escrow Deposits Related to Property Sales			3,194	0
Asset Impairment Charges, Total	138	$ 17,451	3,112	$ 21,626
Reclassification from Development in Process to Operating Real Estate [Member]
Real Estate Investment Property, Net, Total	228,800		228,800
Reclassification from Development in Process to Other Assets [Member]
Other Assets, Total	$ 1,100		$ 1,100

Note 3 - Real Estate - Acquisit

Note 3 - Real Estate - Acquisition of Operating Properties (Details) - North Valley Parcel [Member] ft² in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)ft²
Purchase Price Cash | $	$ 7,073
Purchase Price GLA (Square Foot) | ft²	9	[1]
[1]	Gross leasable area ("GLA")

Note 3 - Real Estate - Purchase

Note 3 - Real Estate - Purchase Price Allocation (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Allocation	$ 7,073
Tenant Improvements [Member]
Allocation, finite-lived in tangibles	$ 382
Weighted-average amortization period, finite-lived in tangibles (Year)	19 years 4 months 24 days
Leases, Acquired-in-Place [Member]
Allocation, finite-lived in tangibles	$ 925
Weighted-average amortization period, finite-lived in tangibles (Year)	19 years 4 months 24 days
Land [Member]
Allocation, Property Plant and Equipment	$ 935
Building [Member]
Allocation, Property Plant and Equipment	$ 4,610
Building (Year)	50 years
Building Improvements [Member]
Allocation, Property Plant and Equipment	$ 221
Building (Year)	45 years

Note 3 - Real Estate - Disposit

Note 3 - Real Estate - Disposition Activity (Details) - Disposition Activity Relating to Consolidated Operating Properties and Parcels [Member] $ in Millions		6 Months Ended
		Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Aggregate sales price (1)	[1]	$ 17.2	$ 110.1
Gain on sale of properties		$ 5.7	$ 38.4
Number of properties sold		3	7
Number of out-parcels sold		0	5
[1]	During the six months ended June 30, 2020, the Company held in escrow an aggregate of $3.2 million of net proceeds in connection with these sales associated with a reverse exchange in accordance with Internal Revenue Code 26 U.S.C.1031, which was returned to the Company in July 2020.

Note 4 - Investments In and A_3

Note 4 - Investments In and Advances to Real Estate Joint Ventures (Details Textual) ft² in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)ft²	Dec. 31, 2019ft²
All Equity Method Investments [Member]
Number of Real Estate Properties	98	98
Gross Leasable Area (Square Foot) | ft²	21.3	21.3
Real Estate Joint Ventures [Member] | Operating Properties [Member]
Number of Real Estate Properties, Interest Disposed of or Transferred	5
Equity Method Investment, Sales Price	$ 128.2
Equity Method Investment, Realized Gain (Loss) on Disposal, Total	$ 11.9

Note 4 - Investments In and A_4

Note 4 - Investments In and Advances to Real Estate Joint Ventures - Investment Details (Details) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Kim Pru and Kim Pru II [Member]
Average ownership interest	[1]	15.00%
The company's investment	[1]	$ 170.8	$ 169.5
Kimco Income Fund [Member]
Average ownership interest	[1]	48.60%
The company's investment	[1]	$ 175.8	175
CPP [Member]
Average ownership interest	[1]	55.00%
The company's investment	[1]	$ 157.7	151.7
Other Joint Venture Programs [Member]
The company's investment	[1]	81.1	81.9
All Equity Method Investments [Member]
The company's investment	[1]	$ 585.4	$ 578.1
[1]	Representing 98 property interests and 21.3 million square feet of GLA, as of both June 30, 2020 and December 31, 2019.

Note 4 - Investments In and A_5

Note 4 - Investments In and Advances to Real Estate Joint Ventures - The Company's Share of Net Income/(Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Prudential Investment Program [Member]
Income of joint ventures, net	$ 1,800	$ 2,800	$ 4,400	$ 5,700
KIR [Member]
Income of joint ventures, net	5,000	17,200	14,700	31,800
CPP [Member]
Income of joint ventures, net	1,700	1,600	2,700	3,000
Other Joint Venture Programs [Member]
Income of joint ventures, net	1,700	900	2,000	800
Joint Ventures [Member]
Income of joint ventures, net	$ 10,158	$ 22,533	$ 23,806	$ 41,287

Note 4 - Investments In and A_6

Note 4 - Investments In and Advances to Real Estate Joint Ventures - Joint Venture Investments Accounted for Under the Equity Method, Debt Details (Details) - USD ($) $ in Millions		6 Months Ended	12 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Mortgage and notes payable		$ 1,603.1	$ 1,594.1
Prudential Investment Program [Member]
Mortgage and notes payable		$ 535.6	$ 538.1
Weighted average interest rate		2.31%	3.46%
Weighted average remaining term (Year)	[1]	40 years 8 months 12 days	46 years 9 months 18 days
KIR [Member]
Mortgage and notes payable		$ 558.5	$ 556
Weighted average interest rate		4.04%	4.39%
Weighted average remaining term (Year)	[1]	29 months	28 months 12 days
CPP [Member]
Mortgage and notes payable		$ 84.8	$ 84.8
Weighted average interest rate		3.25%	3.25%
Weighted average remaining term (Year)	[1]	36 months	42 months
Other Joint Venture Programs [Member]
Mortgage and notes payable		$ 424.2	$ 415.2
Weighted average interest rate		3.45%	3.87%
Weighted average remaining term (Year)	[1]	89 months 3 days	80 months 27 days
[1]	Includes extension options

Note 5 - Other Real Estate In_2

Note 5 - Other Real Estate Investments (Details Textual) - Preferred Equity Investments [Member] $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Equity Method Investments	$ 157.3
Number of Real Estate Properties	189
Income (Loss) from Equity Method Investments, Total	$ 15.9	$ 19.5
Equity Method Investment, Realized Gain (Loss) on Disposal, Total	$ 7.5	$ 9.8
Leased Properties [Member]
Number of Real Estate Properties	179

Note 6 - Marketable Securitie_2

Note 6 - Marketable Securities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Jun. 25, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Marketable Securities, Gain (Loss), Total		$ 526,243	$ 71	$ 521,577	$ 1,574
Proceeds from Sale of Cost Method Investments				227,521	0
Realized Investment Gains (Losses), Total		190,832	$ 0	190,832	$ 0
Marketable Securities, Total		$ 633,551		633,551		$ 9,353
Albertsons Companies, Inc [Member]
Proceeds from Issuance of Convertible Preferred Stock				$ 1,680,000
Percentage of Ownership to Be Purchased		17.50%		17.50%
Albertsons Companies, Inc [Member] | IPO [Member]
Stock Issued During Period, Shares, New Issues (in shares)	50
Sale of Stock, Price Per Share (in dollars per share)	$ 16
Albertsons Companies, Inc [Member] | Convertible Preferred Stock [Member]
Stock Issued During Period, Value, New Issues				$ 1,750,000
Albertsons Companies, Inc [Member]
Percentage of Ownership in Cost Method Investment		7.50%		7.50%		9.29%
Proceeds from Sale of Cost Method Investments	$ 71,400			$ 156,100
Realized Investment Gains (Losses), Total				$ 131,600
Shares Sold in Cost Method Investments (in shares)	4.7
Investment Owned, Balance, Shares (in shares)		39.8		39.8
Marketable Securities, Total		$ 628,200		$ 628,200
Marketable Securities, Unrealized Gain (Loss), Total				$ 524,700
Albertsons Companies, Inc [Member] | Gain on Sale of Cost Method Investment [Member]
Realized Investment Gains (Losses), Total	$ 59,200
Albertsons Companies, Inc [Member] | Other Assets [Member]
Other Investments and Securities, at Cost						$ 140,200

Note 6 - Marketable Securitie_3

Note 6 - Marketable Securities - Schedule of (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Amortized cost (1)	[1]	$ 114,587	$ 12,064
Unrealized gains/(losses), net (1)	[1]	518,964	(2,711)
Marketable securities		$ 633,551	$ 9,353
[1]	See Albertsons Companies, Inc. discussion below.

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual) $ in Millions	Jun. 30, 2020USD ($)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 50.5
Operating Lease, Weighted Average Remaining Lease Term (Year)	20 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	6.65%
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	51 years 8 months 12 days
Lessee, Operating Lease, Renewal Term (Year)	75 years
COVID 19 [Member] | Straight-Line Rent Receivables [Member]
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 11.5

Note 7 - Leasees - Lease Income

Note 7 - Leasees - Lease Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019
Fixed lease income (1)	[1]			$ 393,423		$ 430,618
Variable lease income (2)	[2]			115,018		127,234
Above-market and below-market leases amortization, net				13,524		13,492
Total lease income (3)		$ 235,961	$ 280,710	$ 521,965	[3]	$ 571,344	[3]
[1]	Includes minimum base rents, expense reimbursements, ancillary income and straight-line rent adjustments.
[2]	Includes minimum base rents, expense reimbursements, percentage rent, lease termination fee income and ancillary income.
[3]	During the six months ended June 30, 2020, the Company recorded a $50.5 million adjustment associated with potentially uncollectible revenues and disputed amounts, which includes $11.5 million for straight-line rent receivables, primarily attributable to the COVID-19 pandemic.

Note 7 - Leases - Leases Cost (

Note 7 - Leases - Leases Cost (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating lease cost	$ 5,196	$ 6,557
Variable lease cost	1,455	804
Total lease cost	$ 6,651	$ 7,361

Note 8 - Notes, Mortgages and_2

Note 8 - Notes, Mortgages and Construction Loan Payable (Details Textual) - USD ($) $ in Thousands	Jul. 30, 2020	Jun. 30, 2020	Apr. 30, 2020	Feb. 29, 2020	Aug. 31, 2018	Jun. 30, 2020	Jul. 31, 2020	Dec. 31, 2019
Long-term Line of Credit, Total		$ 0				$ 0
Senior Unsecured Note [Member]
Long-term Debt, Total		$ 484,900				484,900
Senior Unsecured Note [Member] | Subsequent Event [Member]
Debt Instrument, Interest Rate, Effective Percentage	3.20%
Repayments of Long-term Debt, Total	$ 200,000
Debt Instrument, Prepayment Charges Due to Partial Repayment	$ 3,300
Construction Loans [Member]
Debt Instrument, Commitment					$ 67,000
Mortgage Debt Encumbered Operating Property [Member]
Repayments of Long-term Debt, Total						21,600
Liabilities, Fair Value Adjustment						$ 200
Term Loan [Member]
Debt Instrument, Interest Rate, Effective Percentage		1.65%				1.65%
Debt Instrument, Face Amount			$ 590,000
Debt Instrument, Covenant, Additional Amount Through an Accordion Feature			$ 750,000
Repayments of Long-term Debt, Total		$ 265,000
Long-term Debt, Total		$ 325,000				$ 325,000
Green Bond [Member] | Unsecured Debt [Member] | Subsequent Event [Member]
Debt Instrument, Interest Rate, Effective Percentage							2.70%
Debt Instrument, Face Amount							$ 500,000
London Interbank Offered Rate (LIBOR) [Member] | Construction Loans [Member]
Debt Instrument, Basis Spread on Variable Rate					1.80%
London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member]
Debt Instrument, Basis Spread on Variable Rate			1.40%
Base Rate [Member] | Term Loan [Member]
Debt Instrument, Basis Spread on Variable Rate			0.40%
Revolving Credit Facility [Member]
Line of Credit Facility, Current Borrowing Capacity				$ 2,000,000				$ 2,250,000
Debt Instrument, Interest Rate, Effective Percentage		1.18%				1.18%
Line of Credit Facility, Maximum Borrowing Capacity				$ 2,750,000
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				0.775%
Letter of Credit [Member]
Long-term Line of Credit, Total		$ 300				$ 300

Note 9 - Noncontrolling Inter_3

Note 9 - Noncontrolling Interests (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Payments to Noncontrolling Interests	$ 20.6
Adjustments to Additional Paid in Capital, Other	19.3
Noncontrolling Interest [Member]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	$ 1.3

Note 9 - Noncontrolling Inter_4

Note 9 - Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Balance	$ 17,943	$ 23,682
Income	605	185
Distributions	(605)	(177)
Balance	$ 17,943	$ 23,690

Note 10 - Variable Interest E_3

Note 10 - Variable Interest Entities ("VIE") (Details Textual) $ in Thousands		Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Assets, Total	[1]	$ 11,559,970	$ 10,997,867
Liabilities, Total	[2]	$ 5,923,653	$ 6,051,017
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity, Number of Entities		22	23
Consolidated Operating Properties [Member]
Variable Interest Entity, Number of Entities		22	22
Consolidated Operating Properties [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Assets, Total		$ 1,000,000	$ 900,000
Liabilities, Total		$ 64,800	$ 70,900
Real Estate Under Development [Member]
Variable Interest Entity, Number of Entities			1
Real Estate Under Development [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Assets, Total			$ 346,900
Liabilities, Total			$ 82,500
[1]	Includes restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2020 and December 31, 2019 of $104,214 and $245,489, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.
[2]	Includes non-recourse liabilities of consolidated VIEs at June 30, 2020 and December 31, 2019 of $64,780 and $153,436, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.

Note 10 - Variable Interest E_4

Note 10 - Variable Interest Entities ("VIE") - Summary of Restricted Assets and VIE Liabilities (Details) $ in Thousands		Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Real estate, net of accumulated depreciation and amortization of $2,606,653 and $2,500,053, respectively		$ 9,397,045	$ 9,209,053
Cash and cash equivalents		201,687	123,947
Accounts and notes receivable, net		250,150	218,689
Other Assets, Total		214,028	345,012
Assets, Total	[1]	11,559,970	10,997,867
Mortgages and construction loan payable, net		388,406	484,008
Other liabilities		477,545	516,265
Liabilities, Total	[2]	$ 5,923,653	$ 6,051,017
Variable Interest Entity, Unencumbered [Member]
Number of consolidated VIEs		19	19
Variable Interest Entity, Encumbered by Third Party Non-resource Mortgage Debt [Member]
Number of consolidated VIEs		3	4
Variable Interest Entity, Primary Beneficiary [Member]
Number of consolidated VIEs		22	23
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member]
Mortgages and construction loan payable, net		$ 37,300	$ 104,500
Other liabilities		27,500	48,900
Liabilities, Total		64,800	153,400
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member]
Real estate, net of accumulated depreciation and amortization of $2,606,653 and $2,500,053, respectively		98,700	228,900
Cash and cash equivalents		2,200	9,200
Accounts and notes receivable, net		1,700	3,800
Other Assets, Total		1,600	3,600
Assets, Total		$ 104,200	$ 245,500
[1]	Includes restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2020 and December 31, 2019 of $104,214 and $245,489, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.
[2]	Includes non-recourse liabilities of consolidated VIEs at June 30, 2020 and December 31, 2019 of $64,780 and $153,436, respectively. See Footnote 10 of the Notes to Condensed Consolidated Financial Statements.

Note 11 - Fair Value Measurem_3

Note 11 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Asset Impairment Charges, Total		$ 138	$ 17,451	$ 3,112	$ 21,626
Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure	[1]	5,044,336		5,044,336		$ 4,983,763
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure		4,700,000		4,700,000		4,800,000
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure		$ 325,000		$ 325,000		$ 199,900
[1]	The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 of the fair value hierarchy and its unsecured revolving credit facility and term loan were classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2, as of June 30, 2020 and December 31, 2019, were $4.7 billion and $4.8 billion, respectively. The estimated fair value amounts classified as Level 3, as of June 30, 2020 and December 31, 2019, were $325.0 million and $199.9 million, respectively.

Note 11 - Fair Value Measurem_4

Note 11 - Fair Value Measurements - Estimate of Fair Value Differs From Carrying Amounts (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Reported Value Measurement [Member]
Notes payable, net (1)	[1]	$ 4,961,972	$ 4,831,759
Reported Value Measurement [Member] | Mortgages [Member]
Mortgages and construction loan payable, net (2)	[2]	388,406	484,008
Estimate of Fair Value Measurement [Member]
Notes payable, net (1)	[1]	5,044,336	4,983,763
Estimate of Fair Value Measurement [Member] | Mortgages [Member]
Mortgages and construction loan payable, net (2)	[2]	$ 387,440	$ 486,042
[1]	The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 of the fair value hierarchy and its unsecured revolving credit facility and term loan were classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2, as of June 30, 2020 and December 31, 2019, were $4.7 billion and $4.8 billion, respectively. The estimated fair value amounts classified as Level 3, as of June 30, 2020 and December 31, 2019, were $325.0 million and $199.9 million, respectively.
[2]	The Company determined that its valuation of its mortgages and construction loan were classified within Level 3 of the fair value hierarchy.

Note 11 - Fair Value Measurem_5

Note 11 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Recurring [Member]
Marketable equity securities	$ 633,551	$ 9,353
Marketable equity securities	633,551	9,353
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Marketable equity securities	633,551	9,353
Marketable equity securities	633,551	9,353
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Marketable equity securities	0
Marketable equity securities	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Marketable equity securities		0
Marketable equity securities		0
Fair Value, Nonrecurring [Member]
Real estate	5,300	39,510
Other real estate investments		32,974
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Real estate	0	0
Other real estate investments		0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Real estate	0	0
Other real estate investments		0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Real estate	$ 5,300	39,510
Other real estate investments		$ 32,974

Note 12 - Incentive Plans (Deta

Note 12 - Incentive Plans (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	May 31, 2020
Share-based Payment Arrangement, Expense	$ 11.5	$ 10.3
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 46.3
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years 1 month 6 days
The 2020 Equity Participation Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)			10,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	10,000,000

Note 13 - Earnings Per Share (D

Note 13 - Earnings Per Share (Details Textual) - shares shares in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1.2	1.3
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	2.5

Note 13 - Earnings Per Share -

Note 13 - Earnings Per Share - Reconciliation of Earnings (Loss) and the Weighted Average Number of Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income available to the Company's common shareholders		$ 741,539	$ 86,493	$ 825,285	$ 188,128
Earnings attributable to participating securities		(5,253)	(660)	(5,687)	(1,285)
Net income available to the Company’s common shareholders for basic earnings per share		736,286	85,833	819,598	186,843
Distributions on convertible units		33	0	81	20
Net income available to the Company’s common shareholders for diluted earnings per share		$ 736,319	$ 85,833	$ 819,679	$ 186,863
Weighted average common shares outstanding – basic (in shares)		429,967	419,697	429,851	419,581
Equity awards (in shares)	[1]	970	949	1,469	1,166
Assumed conversion of convertible units (in shares)	[1]	233	0	207	51
Weighted average common shares outstanding – diluted (in shares)	[1]	431,170	420,646	431,527	420,798
Basic earnings per share (in dollars per share)		$ 1.71	$ 0.20	$ 1.91	$ 0.45
Diluted earnings per share (in dollars per share)		$ 1.71	$ 0.20	$ 1.90	$ 0.44
[1]	The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 1.2 million and 1.3 million stock options that were not dilutive as of June 30, 2020 and 2019, respectively, and 2.5 million shares of restricted stock that were not dilutive for the three months ended June 30, 2020.

Note 14 - Stockholders' Equit_2

Note 14 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Feb. 28, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.01	$ 0.01
ATM Program [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)				$ 0.01
Sales of Stock Maximum Sales Price				$ 500
Share Repurchase Program [Member]
Stock Repurchase Program, Period in Force (Year)	2 years
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01
Stock Repurchase Program, Authorized Amount	$ 300
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 224.9

Note 14 - Stockholders' Equit_3

Note 14 - Stockholders' Equity - Outstanding Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Shares authorized (in shares)	7,054,000	7,054,000
Liquidation preference	$ 489.5	$ 489.5
Par value (in dollars per share)	$ 1	$ 1
Series L Preferred Stock [Member]
Shares authorized (in shares)	10,350
Shares issued and outstanding (in shares)	9,000
Liquidation preference	$ 225
Dividend rate	5.125%
Annual dividend per depository share (in dollars per share)	$ 1.28125
Par value (in dollars per share)	$ 1
Series M Preferred Stock [Member]
Shares authorized (in shares)	10,580
Shares issued and outstanding (in shares)	10,580
Liquidation preference	$ 264.5
Dividend rate	5.25%
Annual dividend per depository share (in dollars per share)	$ 1.31250
Par value (in dollars per share)	$ 1
Total [Member]
Shares issued and outstanding (in shares)	19,580
Liquidation preference	$ 489.5

Note 14 - Stockholders' Equit_4

Note 14 - Stockholders' Equity - Dividends Declared (Details) - $ / shares		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Common Stock (in dollars per share)	[1]	$ 0	$ 0.28000	$ 0.28000	$ 0.56000
Series I Preferred Stock [Member]
Preferred Shares (in dollars per share)	[2]	0	0.37500	0	0.75000
Series J Preferred Stock [Member]
Preferred Shares (in dollars per share)	[2]	0	0.34375	0	0.68750
Series K Preferred Stock [Member]
Preferred Shares (in dollars per share)	[2]	0	0.35156	0	0.70312
Series L Preferred Stock [Member]
Preferred Shares (in dollars per share)		0.32031	0.32031	0.64062	0.64062
Series M Preferred Stock [Member]
Preferred Shares (in dollars per share)		$ 0.32813	$ 0.32813	$ 0.65626	$ 0.65626
[1]	For the three months ended June 30, 2020, as a result of the COVID-19 pandemic and the future economic uncertainties, out of an abundance of caution, the Company’s Board of Directors has temporarily suspended the dividend on its common shares. The Company’s Board of Directors will continue to monitor the Company’s financial performance and economic outlook, as well as the Company’s compliance with REIT taxable income distribution requirements.
[2]	Shares were fully redeemed during 2019.

Note 15 - Supplemental Schedu_3

Note 15 - Supplemental Schedule of Non-cash Investing / Financing Activities - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Acquisition of real estate interests through proceeds held in escrow	$ 0	$ 30,970
Proceeds held in escrow through sale of real estate interests	3,194	0
Surrender of restricted common stock	5,325	3,689
Dividends payable	5,366	130,460	$ 126,274
Capital expenditures accrual	$ 46,860	$ 61,473