Kimco Realty (KIM) 10-Q 28 Jul 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Jul. 20, 2023
Document Information [Line Items]
Entity Central Index Key	0000879101
Entity Registrant Name	KIMCO REALTY CORPORATION
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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		619,883,074
Kimco Realty OP, LLC [Member]
Document Information [Line Items]
Entity Central Index Key	0001959472
Entity Registrant Name	KIMCO REALTY OP, LLC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Entity File Number	333-269102-01
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-1489725
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
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 [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, 2023	Dec. 31, 2022
Assets:
Real estate, net of accumulated depreciation and amortization of $3,631,686 and $3,417,414, respectively		$ 15,019,986	$ 15,039,828
Other investments		136,600
Cash and cash equivalents		536,477	149,829
Marketable securities		314,826	597,732
Accounts and notes receivable, net		294,608	304,226
Operating lease right-of-use assets, net		130,287	133,733
Other assets		396,643	401,642
Total assets	[1]	17,927,718	17,826,122
Liabilities:
Notes payable, net		6,775,080	6,780,969
Mortgages payable, net		359,609	376,917
Accounts payable and accrued expenses		207,545	207,815
Dividends payable		5,308	5,326
Operating lease liabilities		111,129	113,679
Other liabilities		620,706	601,574
Total liabilities	[1]	8,079,377	8,086,280
Redeemable noncontrolling interests		92,933	92,933
Commitments and Contingencies (Footnote 17)
Stockholders' equity:
Preferred stock, $1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 19,367 and 19,435 shares, respectively; Aggregate liquidation preference $484,179 and $485,868, respectively		19	19
Common stock, $.01 par value, authorized 750,000,000 shares; Issued and outstanding 619,888,890 and 618,483,565 shares, respectively		6,199	6,185
Paid-in capital		9,621,686	9,618,271
Cumulative distributions in excess of net income		(20,748)	(119,548)
Accumulated other comprehensive income		15,942	10,581
Total stockholders' equity		9,623,098	9,515,508
Noncontrolling interests		132,310	131,401
Total equity		9,755,408	9,646,909
Total liabilities and equity		17,927,718	17,826,122
Members' capital:
Accumulated other comprehensive income		15,942	10,581
Noncontrolling interests		132,310	131,401
Total equity		9,755,408	9,646,909
Total liabilities and equity		17,927,718	17,826,122
Investments in and Advances to Real Estate Joint Ventures [Member]
Assets:
Investments in and advances to real estate joint ventures		1,098,336	1,091,551
Other Real Estate Investments [Member]
Assets:
Other investments		136,555	107,581
Kimco Realty OP, LLC [Member]
Assets:
Real estate, net of accumulated depreciation and amortization of $3,631,686 and $3,417,414, respectively		15,019,986	15,039,828
Cash and cash equivalents		536,477	149,829
Marketable securities		314,826	597,732
Accounts and notes receivable, net		294,608	304,226
Operating lease right-of-use assets, net		130,287	133,733
Other assets		396,643	401,642
Total assets	[1]	17,927,718	17,826,122
Liabilities:
Notes payable, net		6,775,080	6,780,969
Mortgages payable, net		359,609	376,917
Accounts payable and accrued expenses		207,545	207,815
Dividends payable		5,308	5,326
Operating lease liabilities		111,129	113,679
Other liabilities		620,706	601,574
Total liabilities	[1]	8,079,377	8,086,280
Redeemable noncontrolling interests		92,933	92,933
Commitments and Contingencies (Footnote 17)
Stockholders' equity:
Accumulated other comprehensive income		15,942	10,581
Noncontrolling interests		132,310	131,401
Total equity		9,755,408	9,646,909
Total liabilities and equity		17,927,718	17,826,122
Members' capital:
Preferred units; Issued and outstanding 19,367 and 19,435 units, respectively		467,396	469,027
Common units; Issued and outstanding 619,888,890 and 618,483,565 units, respectively		9,139,760	9,035,900
Accumulated other comprehensive income		15,942	10,581
Total members' capital		9,623,098	9,515,508
Noncontrolling interests		132,310	131,401
Total equity		9,755,408	9,646,909
Total liabilities and equity		17,927,718	17,826,122
Kimco Realty OP, LLC [Member] | Investments in and Advances to Real Estate Joint Ventures [Member]
Assets:
Investments in and advances to real estate joint ventures		1,098,336	1,091,551
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member]
Assets:
Other investments		$ 136,555	$ 107,581
[1]Total assets include restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2023 and December 31, 2022 of $396,352 and $436,605, respectively. Total liabilities include non-recourse liabilities of consolidated VIEs at June 30, 2023 and December 31, 2022 of $186,157 and $199,132, respectively. See Footnote 12 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, 2023	Dec. 31, 2022
Real estate, accumulated depreciation		$ 3,631,686	$ 3,417,414
Total assets	[1]	17,927,718	17,826,122
Total liabilities	[1]	$ 8,079,377	$ 8,086,280
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)		19,367	19,435
Preferred stock, shares outstanding (in shares)		19,367	19,435
Preferred stock, liquidation preference		$ 484,179	$ 489,868
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)		619,888,890	618,483,565
Common stock, shares outstanding (in shares)		619,888,890	618,483,565
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member]
Total liabilities		$ 186,157	$ 199,132
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member]
Total assets		396,352	436,605
Kimco Realty OP, LLC [Member]
Real estate, accumulated depreciation		3,631,686	3,417,414
Total assets	[1]	17,927,718	17,826,122
Total liabilities	[1]	$ 8,079,377	$ 8,086,280
Preferred units, issued (in shares)		19,367	19,435
Preferred units, outstanding (in shares)		19,367	19,435
Common units, issued (in shares)		619,888,890	618,483,565
Common units, outstanding (in shares)		619,888,890	618,483,565
Kimco Realty OP, LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member]
Total liabilities		$ 186,157	$ 199,132
Kimco Realty OP, LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member]
Total assets		$ 396,352	$ 436,605
[1]Total assets include restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2023 and December 31, 2022 of $396,352 and $436,605, respectively. Total liabilities include non-recourse liabilities of consolidated VIEs at June 30, 2023 and December 31, 2022 of $186,157 and $199,132, respectively. See Footnote 12 of the Notes to Condensed Consolidated Financial Statements.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Revenues from rental properties, net		$ 439,008	$ 423,273	$ 877,346	$ 845,927
Management and other fee income		3,832	3,925	8,386	8,520
Total revenues		442,840	427,198	885,732	854,447
Operating expenses
Rent		(4,145)	(4,070)	(8,158)	(8,151)
Real estate taxes		(57,621)	(56,075)	(115,127)	(110,389)
Operating and maintenance		(75,073)	(69,784)	(150,315)	(139,009)
General and administrative		(32,734)	(27,981)	(67,483)	(57,929)
Impairment charges		0	(14,419)	(11,806)	(14,691)
Depreciation and amortization		(129,245)	(124,611)	(255,546)	(254,905)
Total operating expenses		(298,818)	(296,940)	(608,435)	(585,074)
Gain on sale of properties		13,170	2,944	52,376	7,137
Operating income		157,192	133,202	329,673	276,510
Other income/(expense)
Special dividend income		0	0	194,116	0
Other income, net		7,571	6,642	10,703	12,625
Gain/(loss) on marketable securities, net		14,561	(261,467)	4,417	(139,703)
Interest expense		(60,674)	(56,466)	(121,980)	(113,485)
Early extinguishment of debt charges		0	(57)	0	(7,230)
Income/(loss) before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net		118,650	(178,146)	416,929	28,717
(Provision)/benefit for income taxes, net		(31,027)	(96)	(61,856)	57
Net income/(loss)		109,270	(130,727)	403,046	105,232
Net (income)/loss attributable to noncontrolling interests		(2,644)	11,226	(6,657)	12,569
Net income/(loss) attributable to the Company		106,626	(119,501)	396,389	117,801
Preferred dividends, net		(6,200)	(6,250)	(12,451)	(12,604)
Net income/(loss) available to the Company's common shareholders		$ 100,426	$ (125,751)	$ 383,938	$ 105,197
Per common share:
-Basic (in dollars per share)		$ 0.16	$ (0.21)	$ 0.62	$ 0.17
-Diluted (in dollars per share)		$ 0.16	$ (0.21)	$ 0.62	$ 0.17
Weighted average shares:
-Basic (in shares)		617,077	615,642	616,785	615,207
-Diluted (in shares)	[1]	617,257	615,642	619,749	616,943
Joint Ventures [Member]
Other income/(expense)
Equity in income, net		$ 17,128	$ 44,130	$ 41,332	$ 67,700
Other Real Estate Investments [Member]
Other income/(expense)
Equity in income, net		4,519	3,385	6,641	8,758
Kimco Realty OP, LLC [Member]
Revenues
Revenues from rental properties, net		439,008	423,273	877,346	845,927
Management and other fee income		3,832	3,925	8,386	8,520
Total revenues		442,840	427,198	885,732	854,447
Operating expenses
Rent		(4,145)	(4,070)	(8,158)	(8,151)
Real estate taxes		(57,621)	(56,075)	(115,127)	(110,389)
Operating and maintenance		(75,073)	(69,784)	(150,315)	(139,009)
General and administrative		(32,734)	(27,981)	(67,483)	(57,929)
Impairment charges		0	(14,419)	(11,806)	(14,691)
Depreciation and amortization		(129,245)	(124,611)	(255,546)	(254,905)
Total operating expenses		(298,818)	(296,940)	(608,435)	(585,074)
Gain on sale of properties		13,170	2,944	52,376	7,137
Operating income		157,192	133,202	329,673	276,510
Other income/(expense)
Special dividend income		0	0	194,116	0
Other income, net		7,571	6,642	10,703	12,625
Gain/(loss) on marketable securities, net		14,561	(261,467)	4,417	(139,703)
Interest expense		(60,674)	(56,466)	(121,980)	(113,485)
Early extinguishment of debt charges		0	(57)	0	(7,230)
Income/(loss) before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net		118,650	(178,146)	416,929	28,717
(Provision)/benefit for income taxes, net		(31,027)	(96)	(61,856)	57
Net income/(loss)		109,270	(130,727)	403,046	105,232
Net (income)/loss attributable to noncontrolling interests		(2,644)	11,226	(6,657)	12,569
Net income/(loss) attributable to the Company		106,626	(119,501)	396,389	117,801
Preferred dividends, net		(6,200)	(6,250)	(12,451)	(12,604)
Net income/(loss) available to the Company's common shareholders		$ 100,426	$ (125,751)	$ 383,938	$ 105,197
Per common share:
-Basic (in dollars per share)		$ 0.16	$ (0.21)	$ 0.62	$ 0.17
-Diluted (in dollars per share)		$ 0.16	$ (0.21)	$ 0.62	$ 0.17
Weighted average shares:
-Basic (in shares)		617,077	615,642	616,785	615,207
-Diluted (in shares)		617,257	615,642	619,749	616,943
Kimco Realty OP, LLC [Member] | Joint Ventures [Member]
Other income/(expense)
Equity in income, net		$ 17,128	$ 44,130	$ 41,332	$ 67,700
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member]
Other income/(expense)
Equity in income, net		$ 4,519	$ 3,385	$ 6,641	$ 8,758
[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 0.3 million, 0 million and 1.2 million stock options that were not dilutive as of December 31, 2022, 2021 and 2020, respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income/(loss)	$ 109,270	$ (130,727)	$ 403,046	$ 105,232
Other comprehensive income:
Change in unrealized gains related to defined benefit plan	0	4,260	0	4,260
Change in unrealized gains related to equity method investments	5,361	0	5,361	0
Other comprehensive income	5,361	4,260	5,361	4,260
Comprehensive income/(loss)	114,631	(126,467)	408,407	109,492
Comprehensive (income)/loss attributable to noncontrolling interests	(2,644)	11,226	(6,657)	12,569
Comprehensive income/(loss) attributable to the Company	111,987	(115,241)	401,750	122,061
Net income/(loss)	109,270	(130,727)	403,046	105,232
Kimco Realty OP, LLC [Member]
Net income/(loss)	109,270	(130,727)	403,046	105,232
Other comprehensive income:
Change in unrealized gains related to defined benefit plan	0	4,260	0	4,260
Change in unrealized gains related to equity method investments	5,361	0	5,361	0
Other comprehensive income	5,361	4,260	5,361	4,260
Comprehensive income/(loss)	114,631	(126,467)	408,407	109,492
Comprehensive (income)/loss attributable to noncontrolling interests	(2,644)	11,226	(6,657)	12,569
Comprehensive income/(loss) attributable to the Company	111,987	(115,241)	401,750	122,061
Net income/(loss)	$ 109,270	$ (130,727)	$ 403,046	$ 105,232

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Kimco Realty OP, LLC [Member] Preferred Stock [Member]	Kimco Realty OP, LLC [Member] Common Stock [Member]	Kimco Realty OP, LLC [Member] AOCI Attributable to Parent [Member]	Kimco Realty OP, LLC [Member] Parent [Member]	Kimco Realty OP, LLC [Member] Noncontrolling Interest [Member]	Kimco Realty OP, LLC [Member]	Preferred Stock [Member]	Common Stock [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2021	20	616,659					20	616,659
Balance at Dec. 31, 2021	$ 472,533	$ 9,424,640	$ 2,216	$ 9,899,389	$ 210,793	$ 10,110,182	$ 20	$ 6,167	$ 2,216	$ 9,899,389	$ 210,793	$ 9,591,871	$ 299,115	$ 10,110,182
Net income (loss)	12,604	105,197	0	117,801	(12,569)	105,232	0	0	0	117,801	(12,569)	0	117,801	105,232
Change in unrealized gains related to defined benefit plan	0	0	4,260	4,260	0	4,260	0	0	4,260	4,260	0	0	0	4,260
Redeemable noncontrolling interests income	0	0	0	0	(534)	(534)	0	0	0	0	(534)	0	0	(534)
Dividends declared to preferred shares							0	0	0	(12,669)	0	0	(12,669)	(12,669)
Dividends declared to common shares							$ 0	$ 0	0	(241,101)	0	0	(241,101)	(241,101)
Repurchase of preferred stock (in shares)							(1)	0
Repurchase of preferred stock							$ (1)	$ 0	0	(3,442)	0	(3,505)	64	(3,442)
Distributions to noncontrolling interests	$ 0	$ 0	0	0	(6,058)	(6,058)	$ 0	$ 0	0	0	(6,058)	0	0	(6,058)
Issuance of common stock (in shares)	0	2,162					0	2,162
Issuance of common stock	$ 0	$ 11,281	0	11,281	0	11,281	$ 0	$ 22	0	11,281	0	11,259	0	11,281
Exercise of common stock options (in shares)	0	174					0	174
Exercise of common stock options	$ 0	$ 3,557	0	3,557	0	3,557	$ 0	$ 1	0	3,557	0	3,556	0	3,557
Surrender of restricted common stock (in shares)	0	(585)					0	(585)
Surrender of restricted common stock	$ 0	$ (13,545)	0	(13,545)	0	(13,545)	$ 0	$ (6)	0	(13,545)	0	(13,539)	0	(13,545)
Amortization of equity awards	$ 0	$ 13,909	0	13,909	0	13,909	$ 0	$ 0	0	13,909	0	13,909	0	13,909
Redemption/conversion of noncontrolling interests (in shares)	0	(73)					0	(73)
Redemption/conversion of noncontrolling interests	$ 0	$ 1,613	0	1,613	(1,839)	(226)	$ 0	$ 1	0	1,613	(1,839)	1,612	0	(226)
Redemption/conversion of noncontrolling interests (in shares)	0	73					0	73
Contributions from noncontrolling interests	$ 0	$ 0	0	0	891	891	$ 0	$ 0	0	0	891	0	0	891
Change in unrealized gains related to equity method investments						0								0
Balance (in shares) at Jun. 30, 2022	19	618,483					19	618,483
Balance at Jun. 30, 2022	$ 469,027	$ 9,305,550	6,476	9,781,053	190,684	9,971,737	$ 19	$ 6,185	6,476	9,781,053	190,684	9,605,163	163,210	9,971,737
Distributions declared to preferred unitholders	(12,604)	0	0	(12,604)	0	(12,604)
Distributions declared to common unitholders	0	(241,102)	0	(241,102)	0	(241,102)
Repurchase of preferred units	$ (3,506)	$ 0	0	(3,506)	0	(3,506)
Balance (in shares) at Mar. 31, 2022	20	618,002					20	618,002
Balance at Mar. 31, 2022	$ 472,533	$ 9,536,281	2,216	10,011,030	204,132	10,215,162	$ 20	$ 6,180	2,216	10,011,030	204,132	9,589,955	412,659	10,215,162
Net income (loss)	6,250	(125,751)	0	(119,501)	(11,226)	(130,727)	0	0	0	(119,501)	(11,226)	0	(119,501)	(130,727)
Change in unrealized gains related to defined benefit plan	0	0	4,260	4,260	0	4,260	0	0	4,260	4,260	0	0	0	4,260
Redeemable noncontrolling interests income	$ 0	$ 0	0	0	(201)	(201)	0	0	0	0	(201)	0	0	(201)
Dividends declared to preferred shares							0	0	0	(6,315)	0	0	(6,315)	(6,315)
Dividends declared to common shares							$ 0	$ 0	0	(123,697)	0	0	(123,697)	(123,697)
Repurchase of preferred stock (in shares)	(1)	0					(1)
Repurchase of preferred stock							$ (1)		0	(3,442)		(3,505)	64	(3,442)
Distributions to noncontrolling interests	$ 0	$ 0	0	0	(1,718)	(1,718)	$ 0	$ 0	0	0	(1,718)	0	0	(1,718)
Issuance of common stock (in shares)	0	450					0	450
Issuance of common stock	$ 0	$ 11,281	0	11,281	0	11,281	$ 0	$ 5	0	11,281	0	11,276	0	11,281
Exercise of common stock options (in shares)	0	46					0	46
Exercise of common stock options	$ 0	$ 989	0	989	0	989	$ 0	$ 0	0	989	0	989	0	989
Surrender of restricted common stock (in shares)	0	(15)					0	(15)
Surrender of restricted common stock	$ 0	$ (101)	0	(101)	0	(101)	$ 0	$ 0	0	(101)	0	(101)	0	(101)
Amortization of equity awards	$ 0	$ 6,472	0	6,472	0	6,472	$ 0	$ 0	0	6,472	0	6,472	0	6,472
Redemption/conversion of noncontrolling interests (in shares)	0	0					0	0
Redemption/conversion of noncontrolling interests	$ 0	$ 77	0	77	(303)	(226)	$ 0	$ 0	0	77	(303)	77	0	(226)
Redemption/conversion of noncontrolling interests (in shares)	0	0					0	0
Change in unrealized gains related to equity method investments						0								0
Balance (in shares) at Jun. 30, 2022	19	618,483					19	618,483
Balance at Jun. 30, 2022	$ 469,027	$ 9,305,550	6,476	9,781,053	190,684	9,971,737	$ 19	$ 6,185	6,476	9,781,053	190,684	9,605,163	163,210	9,971,737
Distributions declared to preferred unitholders	(6,250)	0	0	(6,250)	0	(6,250)
Distributions declared to common unitholders	0	(123,698)	0	(123,698)	0	(123,698)
Repurchase of preferred units	$ (3,506)	$ 0	0	(3,506)	0	(3,506)
Balance (in shares) at Dec. 31, 2022	19	618,484					19	618,484
Balance at Dec. 31, 2022	$ 469,027	$ 9,035,900	10,581	9,515,508	131,401	9,646,909	$ 19	$ 6,185	10,581	9,515,508	131,401	9,618,271	(119,548)	9,646,909
Net income (loss)	12,451	383,938	0	396,389	6,657	403,046	0	0	0	396,389	6,657	0	396,389	403,046
Redeemable noncontrolling interests income	0	0	0	0	(3,104)	(3,104)	0	0	0	0	(3,104)	0	0	(3,104)
Dividends declared to preferred shares							0	0	0	(12,450)	0	0	(12,450)	(12,450)
Dividends declared to common shares							$ 0	$ 0	0	(285,139)	0	0	(285,139)	(285,139)
Repurchase of preferred stock (in shares)							0	0
Repurchase of preferred stock							$ 0	$ 0	0	(1,631)	0	(1,631)	0	(1,631)
Distributions to noncontrolling interests	$ 0	$ 0	0	0	(2,647)	(2,647)	$ 0	$ 0	0	0	(2,647)	0	0	(2,647)
Issuance of common stock (in shares)	0	1,988					0	1,988
Issuance of common stock	$ 0	$ 0	0	0	0	0	$ 0	$ 20	0	0	0	(20)	0	0
Exercise of common stock options (in shares)	0	173					0	173
Exercise of common stock options	$ 0	$ 3,727	0	3,727	0	3,727	$ 0	$ 2	0	3,727	0	3,725	0	3,727
Surrender of restricted common stock (in shares)	0	(756)					0	(756)
Surrender of restricted common stock	$ 0	$ (16,137)	0	(16,137)	0	(16,137)	$ 0	$ (8)	0	(16,137)	0	(16,129)	0	(16,137)
Amortization of equity awards	0	17,470	0	17,470	0	17,470	0	0	0	17,470	0	17,470	0	17,470
Contributions from noncontrolling interests	0	0	0	0	3	3	0	0	0	0	3	0	0	3
Change in unrealized gains related to equity method investments	$ 0	$ 0	5,361	5,361	0	5,361	$ 0	$ 0	5,361	5,361	0	0	0	5,361
Balance (in shares) at Jun. 30, 2023	19	619,889					19	619,889
Balance at Jun. 30, 2023	$ 467,396	$ 9,139,760	15,942	9,623,098	132,310	9,755,408	$ 19	$ 6,199	15,942	9,623,098	132,310	9,621,686	(20,748)	9,755,408
Distributions declared to preferred unitholders	(12,451)	0	0	(12,451)	0	(12,451)
Distributions declared to common unitholders	0	(285,138)	0	(285,138)	0	(285,138)
Repurchase of preferred units	$ (1,631)	$ 0	0	(1,631)	0	(1,631)
Balance (in shares) at Mar. 31, 2023	19	619,892					19	619,892
Balance at Mar. 31, 2023	$ 468,707	$ 9,173,814	10,581	9,653,102	132,805	9,785,907	$ 19	$ 6,199	10,581	9,653,102	132,805	9,614,913	21,390	9,785,907
Net income (loss)	6,200	100,426	0	106,626	2,644	109,270	0	0	0	106,626	2,644	0	106,626	109,270
Redeemable noncontrolling interests income	0	0	0	0	(1,558)	(1,558)	0	0	0	0	(1,558)	0	0	(1,558)
Dividends declared to preferred shares							0	0	0	(6,200)	0	0	(6,200)	(6,200)
Dividends declared to common shares							$ 0	$ 0	0	(142,564)	0	0	(142,564)	(142,564)
Repurchase of preferred stock (in shares)							0	0
Repurchase of preferred stock							$ 0	$ 0	0	(1,311)	0	(1,311)	0	(1,311)
Distributions to noncontrolling interests	$ 0	$ 0	0	0	(1,584)	(1,584)	$ 0	$ 0	0	0	(1,584)	0	0	(1,584)
Surrender of restricted common stock (in shares)	0	(3)					0	(3)
Surrender of restricted common stock	$ 0	$ (40)	0	(40)	0	(40)	$ 0	$ 0	0	(40)	0	(40)	0	(40)
Amortization of equity awards	0	8,124	0	8,124	0	8,124	0	0	0	8,124	0	8,124	0	8,124
Contributions from noncontrolling interests	0	0	0	0	3	3	0	0	0	0	3	0	0	3
Change in unrealized gains related to equity method investments	$ 0	$ 0	5,361	5,361	0	5,361	$ 0	$ 0	5,361	5,361	0	0	0	5,361
Balance (in shares) at Jun. 30, 2023	19	619,889					19	619,889
Balance at Jun. 30, 2023	$ 467,396	$ 9,139,760	15,942	9,623,098	132,310	9,755,408	$ 19	$ 6,199	$ 15,942	$ 9,623,098	$ 132,310	$ 9,621,686	$ (20,748)	$ 9,755,408
Distributions declared to preferred unitholders	(6,200)	0	0	(6,200)	0	(6,200)
Distributions declared to common unitholders	0	(142,564)	0	(142,564)	0	(142,564)
Repurchase of preferred units	$ (1,311)	$ 0	$ 0	$ (1,311)	$ 0	$ (1,311)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flow from operating activities:
Net income	$ 403,046	$ 105,232
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization	255,546	254,905
Impairment charges	11,806	14,691
Straight-line rental income adjustments, net	(12,001)	(17,437)
Amortization of above-market and below-market leases, net	(10,002)	(6,980)
Amortization of deferred financing costs and fair value debt adjustments, net	(4,656)	(14,066)
Early extinguishment of debt charges	0	7,230
Equity award expense	17,457	13,994
Gain on sale of properties	(52,376)	(7,137)
(Gain)/loss on marketable securities, net	(4,417)	139,703
Distributions from joint ventures and other investments	35,742	45,775
Change in accounts and notes receivable, net	21,605	16,234
Change in other operating assets and liabilities, net	1,237	(12,636)
Change in other operating assets and liabilities, net	(14,735)	(20,717)
Net cash flow provided by operating activities	600,279	442,333
Cash flow from investing activities:
Acquisition of operating real estate and other related net assets	(98,546)	(29,282)
Improvements to operating real estate	(108,346)	(78,958)
Investment in marketable securities	(2,988)	(1,870)
Proceeds from sale of marketable securities	290,311	201
Investment in cost method investment	(1,532)	(3,000)
Investments in and advances to real estate joint ventures	(18,751)	(72,947)
Reimbursements of investments in and advances to real estate joint ventures	7,961	22,865
Investments in and advances to other investments	(10,192)	(9,473)
Reimbursements of investments in and advances to other investments	419	29,104
Investment in mortgage and other financing receivables	(11,211)	(53,063)
Collection of mortgage and other financing receivables	84	63
Proceeds from sale of properties	115,714	41,224
Net cash flow provided by/(used for) investing activities	162,923	(155,136)
Cash flow from financing activities:
Principal payments on debt, excluding normal amortization of rental property debt	(49,187)	(115,166)
Principal payments on rental property debt	(5,621)	(4,827)
Proceeds from mortgage loan financings	0	19,000
Financing origination costs	(6,041)	(10,281)
Payment of early extinguishment of debt charges	0	(6,527)
Contributions from noncontrolling interests	4	891
Redemption/distribution of noncontrolling interests	(5,752)	(7,029)
Dividends paid	(297,748)	(253,809)
Proceeds from issuance of stock, net	3,727	14,838
Repurchase of preferred stock	(1,491)	(3,441)
Shares repurchased for employee tax withholding on equity awards	(16,124)	(13,521)
Change in tenants' security deposits	1,679	1,873
Net cash flow used for financing activities	(376,554)	(325,062)
Net change in cash, cash equivalents and restricted cash	386,648	(37,865)
Cash, cash equivalents and restricted cash, beginning of the period	149,829	334,663
Cash, cash equivalents and restricted cash, end of the period	536,477	296,798
Interest paid, including payment of early extinguishment of debt charges of $0 and $6,527, respectively (net of capitalized interest of $854 and $277, respectively)	124,674	132,912
Income taxes paid, net of refunds	56,774	2,138
Senior Unsecured Notes [Member]
Cash flow from financing activities:
Proceeds from unsecured debt	0	600,000
Repayments of unsecured notes	0	(547,063)
Joint Ventures [Member]
Adjustments to reconcile net income to net cash flow provided by operating activities:
Equity in income, net	(41,332)	(67,700)
Other Real Estate Investments [Member]
Adjustments to reconcile net income to net cash flow provided by operating activities:
Equity in income, net	(6,641)	(8,758)
Kimco Realty OP, LLC [Member]
Cash flow from operating activities:
Net income	403,046	105,232
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization	255,546	254,905
Impairment charges	11,806	14,691
Straight-line rental income adjustments, net	(12,001)	(17,437)
Amortization of above-market and below-market leases, net	(10,002)	(6,980)
Amortization of deferred financing costs and fair value debt adjustments, net	(4,656)	(14,066)
Early extinguishment of debt charges	0	7,230
Equity award expense	17,457	13,994
Gain on sale of properties	(52,376)	(7,137)
(Gain)/loss on marketable securities, net	(4,417)	139,703
Distributions from joint ventures and other investments	35,742	45,775
Change in accounts and notes receivable, net	21,605	16,234
Change in other operating assets and liabilities, net	1,237	(12,636)
Change in other operating assets and liabilities, net	(14,735)	(20,717)
Net cash flow provided by operating activities	600,279	442,333
Cash flow from investing activities:
Acquisition of operating real estate and other related net assets	(98,546)	(29,282)
Improvements to operating real estate	(108,346)	(78,958)
Investment in marketable securities	(2,988)	(1,870)
Proceeds from sale of marketable securities	290,311	201
Investment in cost method investment	(1,532)	(3,000)
Investments in and advances to real estate joint ventures	(18,751)	(72,947)
Reimbursements of investments in and advances to real estate joint ventures	7,961	22,865
Investments in and advances to other investments	(10,192)	(9,473)
Reimbursements of investments in and advances to other investments	419	29,104
Investment in mortgage and other financing receivables	(11,211)	(53,063)
Collection of mortgage and other financing receivables	84	63
Proceeds from sale of properties	115,714	41,224
Net cash flow provided by/(used for) investing activities	162,923	(155,136)
Cash flow from financing activities:
Principal payments on debt, excluding normal amortization of rental property debt	(49,187)	(115,166)
Principal payments on rental property debt	(5,621)	(4,827)
Proceeds from mortgage loan financings	0	19,000
Financing origination costs	(6,041)	(10,281)
Payment of early extinguishment of debt charges	0	(6,527)
Contributions from noncontrolling interests	4	891
Redemption/distribution of noncontrolling interests	(5,752)	(7,029)
Proceeds from issuance of stock, net	3,727	14,838
Repurchase of preferred stock	(1,491)	(3,441)
Shares repurchased for employee tax withholding on equity awards	(16,124)	(13,521)
Change in tenants' security deposits	1,679	1,873
Net cash flow used for financing activities	(376,554)	(325,062)
Net change in cash, cash equivalents and restricted cash	386,648	(37,865)
Cash, cash equivalents and restricted cash, beginning of the period	149,829	334,663
Cash, cash equivalents and restricted cash, end of the period	536,477	296,798
Interest paid, including payment of early extinguishment of debt charges of $0 and $6,527, respectively (net of capitalized interest of $854 and $277, respectively)	124,674	132,912
Income taxes paid, net of refunds	56,774	2,138
Distributions to common and preferred unitholders	(297,748)	(253,809)
Kimco Realty OP, LLC [Member] | Joint Ventures [Member]
Adjustments to reconcile net income to net cash flow provided by operating activities:
Equity in income, net	(41,332)	(67,700)
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member]
Adjustments to reconcile net income to net cash flow provided by operating activities:
Equity in income, net	$ (6,641)	$ (8,758)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Early extinguishment of debt charges payments	$ 0	$ 6,527
Cash paid for capitalized interest	854	277
Kimco Realty OP, LLC [Member]
Early extinguishment of debt charges payments	0	6,527
Cash paid for capitalized interest	$ 854	$ 277

Note 1 - Business and Organizat

Note 1 - Business and Organization	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Business and Organization Kimco Realty Corporation (the “Parent Company”) is a real estate investment trust ("REIT"), of which substantially all of the Parent Company’s assets are held by, and substantially all of the Parent Company’s operations are conducted through, Kimco Realty OP, LLC (“Kimco OP”), either directly or through its subsidiaries, as the Parent Company’s operating company. The Parent Company is the sole managing member and exercises exclusive control over Kimco OP. As of June 30, 2023, The Company is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The Company’s portfolio is primarily concentrated in the first The Company elected status as a REIT for federal income tax purposes beginning in its taxable year ended December 31, 1992 90% 100% January 2023, 10 not may not Economic Conditions The economy continues to face several issues including inflation risk, liquidity constraints, lack of qualified employees, tenant bankruptcies and supply chain issues, which could impact the Company and its tenants. In response to the rising rate of inflation the Federal Reserve has steadily increased interest rates, and may

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Basis of Presentation This report combines the quarterly reports on Form 10 June 30, 2023, 10 December 31, 2022, 10 not Subsequent Events The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its Condensed Consolidated Financial Statements. Reclassifications Certain amounts in the prior period have been reclassified in order to conform to the current period’s presentation. For comparative purposes, for the six June 30, 2022, Six Months Ended June 30, 2022 Operating activities: Straight-line rental income adjustments, net $ (17.4 ) Amortization of above-market and below-market leases, net $ (7.0 ) Amortization of deferred financing costs and fair value debt adjustments, net $ (14.1 ) Change in accounts and notes receivable, net $ 17.4 Change in other operating assets and liabilities, net $ 21.1 New Accounting Pronouncements The following table represents an Accounting Standards Update (“ASU”) to the FASB’s ASCs that, as of June 30, 2023, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2022 03, 820 This ASU clarifies the guidance in Topic 820, 820. January 1, 2024; The Company is assessing the impact this ASU will have on the Company’s financial position and/or results of operations. The following ASUs to the FASB’s ASCs 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 2021 08, 805 The amendments in this update require acquiring entities to apply Topic 606 805. January 1, 2023 The adoption of this ASU did not

Note 3 - Real Estate

Note 3 - Real Estate	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. Real Estate Acquisitions During the six June 30, 2023, Purchase Price Property Name Location Month Acquired Cash Debt Other Total GLA* Portfolio (2 properties) (1) Various Jan-23 $ 69,130 $ 19,637 $ 13,019 $ 101,786 342 Crossroads Plaza Parcel Cary, NC Jan-23 2,173 - - 2,173 5 Northridge Shopping Center Parcel Arvada, CO Jan-23 728 - - 728 57 Stafford Marketplace Parcel (2) Stafford, VA Feb-23 - - 12,527 12,527 87 Tustin Heights (1) Tustin, CA Mar-23 26,501 17,550 4,910 48,961 137 $ 98,532 $ 37,187 $ 30,456 $ 166,175 628 * Gross leasable area ("GLA") ( 1 Other includes the Company’s previously held equity investments in the Prudential Investment Program and net gains on change in control. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized gains on change in control of interest of $7.7 million, in aggregate, resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in Equity in income of joint ventures, net on the Company’s Condensed Consolidated Statements of Operations. The Company previously held an ownership interest of 15.0% in these property interests. See Footnote 4 ( 2 During March 2023, Included in the Company’s Condensed Consolidated Statements of Operations is $6.7 million in total revenues from the date of acquisition through June 30, 2023, six June 30, 2023. The purchase price for these acquisitions was allocated to real estate and related intangible assets and liabilities acquired, as applicable, in accordance with our accounting policies for asset acquisitions. The purchase price allocation for properties acquired/consolidated during the six June 30, 2023, Allocation as of June 30, 2023 Weighted Average Amortization Period (in Years) Land $ 51,116 n/a Building 99,947 50.0 Building improvements 10,125 45.0 Tenant improvements 8,320 4.1 In-place leases 11,080 4.1 Above-market leases 1,329 5.7 Below-market leases (16,551 ) 23.6 Other assets 1,777 n/a Other liabilities (968 ) n/a Net assets acquired $ 166,175 During the six June 30, 2022, Dispositions The table below summarizes the Company’s disposition activity relating to consolidated operating properties and parcels for the six June 30, 2023 2022 Six Months Ended June 30, 2023 2022 Aggregate sales price/gross fair value (1) (2) $ 163.8 $ 43.3 Gain on sale of properties (3) $ 52.4 $ 7.1 Number of properties sold 4 1 Number of parcels sold/(deconsolidated) (1) 8 8 ( 1 During 2023, no 5 ( 2 During 2023, 9 ( 3 Before noncontrolling interests of $1.6 million and taxes of $1.5 million for the six June 30, 2023. Impairments During the six June 30, 2023, third 13

Note 4 - Investment In and Adva

Note 4 - Investment In and Advances to Real Estate Joint Ventures	6 Months Ended
	Jun. 30, 2023
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 Company manages certain of these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at June 30, 2023 December 31, 2022 ( Noncontrolling Ownership Interest The Company s Investment Joint Venture As of June 30, 2023 June 30, 2023 December 31, 2022 Prudential Investment Program 15.0% $ 144.8 $ 153.6 Kimco Income Opportunity Portfolio (“KIR”) 52.1% 285.4 281.5 Canada Pension Plan Investment Board (“CPP”) 55.0% 200.8 190.8 Other Institutional Joint Ventures Various 252.6 256.8 Other Joint Venture Programs Various 214.7 208.9 Total* $ 1,098.3 $ 1,091.6 * Representing 108 property interests and 21.9 million square feet of GLA, as of June 30, 2023, December 31, 2022. 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 Operations for the three six June 30, 2023 2022 Three Months Ended June 30, Six Months Ended June 30, Joint Venture 2023 2022 2023 2022 Prudential Investment Program $ 2.2 $ 2.3 $ 12.1 $ 4.7 KIR 8.5 32.0 17.8 45.5 CPP 2.7 2.6 5.4 5.7 Other Institutional Joint Ventures 0.8 4.1 1.5 5.6 Other Joint Venture Programs 2.9 3.1 4.5 6.2 Total $ 17.1 $ 44.1 $ 41.3 $ 67.7 During the six June 30, 2023, 85% three 3 During the six June 30, 2022, six six June 30, 2022. 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, 2023 December 31, 2022 ( As of June 30, 2023 As of December 31, 2022 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 $ 340.5 5.85 % 27.7 $ 380.1 5.20 % 33.1 KIR 273.1 5.82 % 45.2 297.9 5.46 % 47.2 CPP 82.5 5.70 % 37.1 83.1 6.14 % 43.0 Other Institutional Joint Ventures 233.8 5.76 % 41.8 233.5 4.30 % 47.7 Other Joint Venture Programs 370.9 4.41 % 65.4 388.8 4.10 % 71.8 Total $ 1,300.8 $ 1,383.4 * Includes extension options

Note 5 - Other Investments

Note 5 - Other Investments	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Other Real Estate Investments and Other Assets [Text Block]	5. Other Investments The Company has provided capital to owners and developers of real estate properties and loans through its Preferred Equity program, which is included in Other investments on the Company's Condensed Consolidated Balance Sheets. In addition, the Company has invested capital in structured investments which are primarily accounted for on the equity method of accounting. As of June 30, 2023, During 2023, no June 30, 2023,

Note 6 - Marketable Securities

Note 6 - Marketable Securities	6 Months Ended
	Jun. 30, 2023
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, net of marketable securities as of June 30, 2023 December 31, 2022, As of June 30, 2023 As of December 31, 2022 Marketable securities: Amortized cost $ 41,713 $ 87,411 Unrealized gains, net 273,113 510,321 Total fair value $ 314,826 $ 597,732 The Company’s net gains/(losses) on marketable securities for three six June 30, 2023 2022, Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gain/(loss) on marketable securities, net $ 14,561 $ (261,467 ) $ 4,417 $ (139,703 ) During the six June 30, 2023, June 30, 2023, In addition, during the six June 30, 2023, may may December 31, 2023.

Note 7 - Accounts and Notes Rec

Note 7 - Accounts and Notes Receivable	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Financing Receivables [Text Block]	7. Accounts and Notes Receivable The components of accounts and notes receivable, net of potentially uncollectible amounts as of June 30, 2023 December 31, 2022, As of June 30, 2023 As of December 31, 2022 Billed tenant receivables $ 26,480 $ 33,801 Unbilled common area maintenance, insurance and tax reimbursements 39,636 56,001 Deferred rent receivables 943 1,905 Defined benefit plan receivable (1) 14,684 14,421 Other receivables 11,488 8,361 Straight-line rent receivables 201,377 189,737 Total accounts and notes receivable, net $ 294,608 $ 304,226 ( 1 In August 2021, December 31, 2021. June 30, 2023, June 30, 2023, 18 2023.

Note 8 - Leases

Note 8 - Leases	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	8. Leases Lessor Leases The Company’s primary source of revenues is 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 Revenues from rental properties, net on the Company’s Condensed Consolidated Statements of Operations, as either fixed or variable lease income based on the criteria specified in ASC 842, three six June 30, 2023 2022, Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Lease income: Fixed lease income (1) $ 349,323 $ 336,370 $ 697,661 $ 668,368 Variable lease income (2) 86,258 81,514 176,329 164,961 Above-market and below-market leases amortization, net 7,013 2,683 10,002 6,980 Adjustments for potentially uncollectible revenues and disputed amounts (3) (3,586 ) 2,706 (6,646 ) 5,618 Total lease income $ 439,008 $ 423,273 $ 877,346 $ 845,927 ( 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 The amounts represent adjustments associated with potentially uncollectible revenues and disputed amounts. Lessee Leases The Company currently leases real estate space under non-cancelable operating lease agreements for ground leases and administrative office leases. The Company’s operating leases have remaining lease terms ranging from less than one The weighted-average remaining non-cancelable lease term and weighted-average discount rates for the Company’s operating and finance leases as of June 30, 2023 Operating Leases Finance Leases Weighted-average remaining lease term (in years) 24.6 0.5 Weighted-average discount rate 6.63 % 4.44 % The components of the Company’s lease expense, which are included in interest expense, rent expense and general and administrative expense on the Company’s Condensed Consolidated Statements of Operations for the three six June 30, 2023 2022, Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Lease cost: Finance lease cost $ 316 $ 250 $ 635 $ 576 Operating lease cost 3,697 3,268 7,398 6,251 Variable lease cost 706 1,188 1,267 2,596 Total lease cost $ 4,719 $ 4,706 $ 9,300 $ 9,423

Note 9 - Other Assets

Note 9 - Other Assets	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Other Assets Disclosure [Text Block]	9. Other Assets Mortgages and Other Financing Receivables During the six June 30, 2023, Date Issued Face Amount Interest Rate Maturity Date Feb-23 $ 11.2 14.00 % Dec-24 Mar-23 $ 25.0 8.00 % Apr-24

Note 10 - Notes and Mortgage Pa

Note 10 - Notes and Mortgage Payable	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	10. Notes and Mortgages Payable Notes Payable In February 2023, March 2024. March 2027 two six March 2028. four June 30, 2023, June 30, 2023). February 23, 2023, 10.20 10 December 31, 2022. June 30, 2023, Mortgages Payable During the six June 30, 2023, March 2023

Note 11 - Noncontrolling Intere

Note 11 - Noncontrolling Interests	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Noncontrolling Interest Disclosure [Text Block]	11. Noncontrolling Interests Noncontrolling interests represent the portion of equity that the Company does not 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 Stockholders’ 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, 2023 2022 Six Months Ended June 30, 2023 2022 Balance at January 1, $ 92,933 $ 13,480 Net income 3,104 534 Distributions (3,104 ) (535 ) Redemption/conversion of noncontrolling interests - (209 ) Balance at June 30, $ 92,933 $ 13,270

Note 12 - Variable Interest Ent

Note 12 - Variable Interest Entities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	12. Variable Interest Entities Consolidated Operating Properties Included within the Company’s operating properties at June 30, 2023 December 31, 2022 not not June 30, 2023, December 31, 2022, The majority of the operations of these VIEs are funded with cash flows generated from the properties. The Company has not not may 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, 2023 As of December 31, 2022 Number of unencumbered VIEs 30 29 Number of encumbered VIEs 2 3 Total number of consolidated VIEs 32 32 Restricted Assets: Real estate, net $ 386.2 $ 425.5 Cash and cash equivalents 5.3 7.9 Accounts and notes receivable, net 3.5 1.7 Other assets 1.4 1.5 Total Restricted Assets $ 396.4 $ 436.6 VIE Liabilities: Mortgages payable, net $ 97.6 $ 109.7 Accounts payable and accrued expenses 13.4 10.9 Operating lease liabilities 5.1 5.2 Other liabilities 70.1 73.3 Total VIE Liabilities $ 186.2 $ 199.1 Unconsolidated Redevelopment Investment Included in the Company’s preferred equity investments at June 30, 2023, not not not not not As of June 30, 2023, not not

Note 13 - Fair Value Measuremen

Note 13 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	13. 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. The fair value for embedded derivative liability is based on using the “with-and-without” method. 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, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value Notes payable, net (1) $ 6,775,080 $ 5,879,693 $ 6,780,969 $ 5,837,401 Mortgages payable, net (2) $ 359,609 $ 298,487 $ 376,917 $ 311,659 ( 1 The Company determined that the valuation of its senior unsecured notes were classified within Level 2 2 June 30, 2023 December 31, 2022, June 30, 2023 December 31, 2022, ( 2 The Company determined that its valuation of its mortgages payable were classified within Level 3 June 30, 2023 December 31, 2022, 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 and embedded derivative liabilities. The Company currently does not In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level of the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The tables below present the Company’s financial assets and liabilities measured at fair value on a recurring basis at June 30, 2023 December 31, 2022, Balance at June 30, 2023 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 314,826 $ 314,826 $ - $ - Liabilities: Embedded derivative liability $ 56,000 $ - $ - $ 56,000 Balance at December 31, 2022 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 597,732 $ 597,732 $ - $ - Liabilities: Embedded derivative liability $ 56,000 $ - $ - $ 56,000 The significant unobservable input (Level 3 3 June 30, 2023 December 31 2022, Assets measured at fair value on a non-recurring basis at June 30, 2023 Balance at June 30, 2023 Level 1 Level 2 Level 3 Real estate $ 15,479 $ - $ - $ 15,479 During the six June 30, 2023, third not third 3

Note 14 - Incentive Plans

Note 14 - Incentive Plans	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	14. Incentive Plans In May 2020, 2020 “2020 2010 2020 March 2020. 2020 June 30, 2023, 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 Operations over the service period based on their fair values. Fair value of performance awards is determined using the Monte Carlo method which is 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 $17.5 million and $14.0 million for the six June 30, 2023 2022, June 30, 2023,

Note 15 - Stockholders' Equity

Note 15 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Equity [Text Block]	15. Stockholders ’ Equity Preferred Stock The Company’s Board of Director’s authorized the repurchase of up to 894,000 depositary shares of Class L preferred stock and 1,048,000 depositary shares of Class M preferred stock, representing up to 1,942 shares of the Company’s preferred stock, par value $1.00 per share, through December 31, 2023. six June 30, 2023, Class of Preferred Stock Depositary Shares Repurchased Purchase Price (in thousands) Class L 43,777 $ 973.4 Class M 23,791 $ 515.9 The Company’s outstanding Preferred Stock is detailed below (in thousands, except share data and par values): As of June 30, 2023 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 8,902 $ 222,543 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,465 261,636 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,367 $ 484,179 As of December 31, 2022 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 8,946 $ 223,637 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,489 262,231 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,435 $ 485,868 Common Stock The Company has a share repurchase program, which is scheduled to expire February 29, 2024. may not six June 30, 2023. June 30, 2023, Dividends Declared The following table provides a summary of the dividends declared per share: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Common Shares $ 0.23000 $ 0.20000 $ 0.46000 $ 0.39000 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 16 - Supplemental Schedule

Note 16 - Supplemental Schedule of Non-cash Investing / Financing Activities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	16. 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, 2023 2022 Six Months Ended June 30, 2023 2022 Acquisition of real estate interests from a lease modification $ 12,527 $ - Disposition of real estate interests through the issuance of mortgage receivables $ 25,000 $ - Deconsolidation of real estate interests through contribution to other investments $ 19,618 $ - Surrender of common stock $ 16,137 $ 13,545 Declaration of dividends paid in succeeding period $ 5,308 $ 5,326 Capital expenditures accrual $ 32,949 $ 23,225 Decrease in redeemable noncontrolling interests from redemption of units for common stock $ - $ 1,613 Consolidation of Joint Ventures: Increase in real estate and other net assets $ 54,345 $ - Increase in mortgage payables $ 37,187 $ - The following table provides a reconciliation of cash, cash equivalents and restricted cash recorded on the Company’s Condensed Consolidated Balance Sheets to the Company’s Condensed Consolidated Statements of Cash Flows (in thousands): As of June 30, 2023 As of December 31, 2022 Cash and cash equivalents $ 533,380 $ 146,970 Restricted cash 3,097 2,859 Total cash, cash equivalents and restricted cash $ 536,477 $ 149,829

Note 17 - Commitments and Conti

Note 17 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	17. Commitments and Contingencies Letters of Credit The Company has issued letters of credit in connection with the completion and repayment guarantees primarily on certain of the Company’s redevelopment projects and guaranty of payment related to the Company’s insurance program. At June 30, 2023, Funding Commitments The Company has investments with funding commitments of $64.7 million, of which $45.5 million has been funded as of June 30, 2023. Other The Parent Company guarantees the debt securities of Kimco OP. These guarantees by the Parent Company are full, irrevocable, unconditional and absolute joint and several guarantees to the holders of each series of such guaranteed debt securities. In connection with the construction of its development and redevelopment projects and related infrastructure, certain public agencies require posting of performance and surety bonds to guarantee that the Company’s obligations are satisfied. These bonds expire upon the completion of the improvements and infrastructure. As of June 30, 2023, The Company provides a guaranty for the payment of any debt service shortfalls on the Sheridan Redevelopment Agency issued Series A bonds which are tax increment revenue bonds issued in connection with a development project in Sheridan, Colorado. These tax increment revenue bonds have a balance of $45.5 million outstanding at June 30, 2023. may 2040. The Company is subject to various other legal proceedings and claims that arise in the ordinary course of business. Management believes that the final outcome of such matters will not June 30, 2023.

Note 18 - Accumulated Other Com

Note 18 - Accumulated Other Comprehensive Income ("AOCI")	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	18. Accumulated Other Comprehensive Income ( “ AOCI ” ) The following table displays the change in the components of AOCI for the six June 30, 2023 2022: Unrealized Gains Related to Defined Benefit Plan Unrealized Gains Related to Equity Method Investments Total Balance as of January 1, 2023 $ 10,581 $ - $ 10,581 Other comprehensive income before reclassifications - 5,361 5,361 Amounts reclassified from AOCI - - - Net current-period other comprehensive income - 5,361 5,361 Balance as of June 30, 2023 $ 10,581 $ 5,361 $ 15,942 Unrealized Gains Related to Defined Benefit Plan Balance as of January 1, 2022 $ 2,216 Other comprehensive income before reclassifications 4,260 Amounts reclassified from AOCI - Net current-period other comprehensive income 4,260 Balance as of June 30, 2022 $ 6,476

Note 19 - Earnings Per Share

Note 19 - Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	19. Earnings Per Share 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Computation of Basic and Diluted Earnings Per Share: Net income/(loss) available to the Company's common shareholders $ 100,426 $ (125,751 ) $ 383,938 $ 105,197 Earnings attributable to participating securities (647 ) (533 ) (2,074 ) (1,000 ) Net income/(loss) available to the Company’s common shareholders for basic earnings per share 99,779 (126,284 ) 381,864 104,197 Distributions on convertible units - - 1,479 - Net income/(loss) available to the Company’s common shareholders for diluted earnings per share $ 99,779 $ (126,284 ) $ 383,343 $ 104,197 Weighted average common shares outstanding – basic 617,077 615,642 616,785 615,207 Effect of dilutive securities (1): Equity awards 122 - 490 1,689 Assumed conversion of convertible units 58 - 2,474 47 Weighted average common shares outstanding – diluted 617,257 615,642 619,749 616,943 Net income/(loss) available to the Company's common shareholders: Basic earnings per share $ 0.16 $ (0.21 ) $ 0.62 $ 0.17 Diluted earnings per share $ 0.16 $ (0.21 ) $ 0.62 $ 0.17 ( 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 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

Item 5. Other Information.

Item 5. Other Information.	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Issuer Rule 10b5-1, Material Terms [Text Block]	5. Other Information. Rule 10b5 1 During the three June 30, 2023, no 10b5 1 10b5 1 408 Amendments to Bylaws. On July 27, 2023, The amendments address the universal proxy rules adopted by the SEC, by clarifying that, other than as permitted under the Bylaws, no may 14a 19 The amendments also revise the advance notice disclosure requirements contained in the Bylaws to require the stockholder proposing business or nominating directors to provide additional representations and information. These amendments include, among others, provisions that (i) prohibit a stockholder from nominating a greater number of director candidates than are to be elected by stockholders at the applicable meeting or substituting or replacing any proposed nominee unless such substitute or replacement is nominated in accordance with the advance notice disclosure requirements contained in the Bylaws and (ii) require, except as otherwise determined by the chair of the meeting, a stockholder giving such notice to appear in person or by proxy at the annual or special meeting to present each director nominee for election or the proposed business, as applicable, or such matter shall not The amendments provide additional detail on the procedures to be followed by stockholders seeking to request that the Company hold a special meeting of stockholders. The amendments also include a new Article XIV that contains exclusive forum provisions for certain litigation. Article XIV provides, in part, that, unless the Company consents in writing to the selection of an alternative forum, any Circuit Court in Maryland, or, if those courts do not The amendments also include certain technical, conforming, modernizing and clarifying changes to the Bylaws. The foregoing summary does not 3.1

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation This report combines the quarterly reports on Form 10 June 30, 2023, 10 December 31, 2022, 10 not
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.
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, for the six June 30, 2022, Six Months Ended June 30, 2022 Operating activities: Straight-line rental income adjustments, net $ (17.4 ) Amortization of above-market and below-market leases, net $ (7.0 ) Amortization of deferred financing costs and fair value debt adjustments, net $ (14.1 ) Change in accounts and notes receivable, net $ 17.4 Change in other operating assets and liabilities, net $ 21.1
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements The following table represents an Accounting Standards Update (“ASU”) to the FASB’s ASCs that, as of June 30, 2023, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2022 03, 820 This ASU clarifies the guidance in Topic 820, 820. January 1, 2024; The Company is assessing the impact this ASU will have on the Company’s financial position and/or results of operations. The following ASUs to the FASB’s ASCs 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 2021 08, 805 The amendments in this update require acquiring entities to apply Topic 606 805. January 1, 2023 The adoption of this ASU did not

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Six Months Ended June 30, 2022 Operating activities: Straight-line rental income adjustments, net $ (17.4 ) Amortization of above-market and below-market leases, net $ (7.0 ) Amortization of deferred financing costs and fair value debt adjustments, net $ (14.1 ) Change in accounts and notes receivable, net $ 17.4 Change in other operating assets and liabilities, net $ 21.1

Note 3 - Real Estate (Tables)

Note 3 - Real Estate (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Purchase Price Property Name Location Month Acquired Cash Debt Other Total GLA* Portfolio (2 properties) (1) Various Jan-23 $ 69,130 $ 19,637 $ 13,019 $ 101,786 342 Crossroads Plaza Parcel Cary, NC Jan-23 2,173 - - 2,173 5 Northridge Shopping Center Parcel Arvada, CO Jan-23 728 - - 728 57 Stafford Marketplace Parcel (2) Stafford, VA Feb-23 - - 12,527 12,527 87 Tustin Heights (1) Tustin, CA Mar-23 26,501 17,550 4,910 48,961 137 $ 98,532 $ 37,187 $ 30,456 $ 166,175 628
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Allocation as of June 30, 2023 Weighted Average Amortization Period (in Years) Land $ 51,116 n/a Building 99,947 50.0 Building improvements 10,125 45.0 Tenant improvements 8,320 4.1 In-place leases 11,080 4.1 Above-market leases 1,329 5.7 Below-market leases (16,551 ) 23.6 Other assets 1,777 n/a Other liabilities (968 ) n/a Net assets acquired $ 166,175
Disposal Groups, Including Discontinued Operations [Table Text Block]	Six Months Ended June 30, 2023 2022 Aggregate sales price/gross fair value (1) (2) $ 163.8 $ 43.3 Gain on sale of properties (3) $ 52.4 $ 7.1 Number of properties sold 4 1 Number of parcels sold/(deconsolidated) (1) 8 8

Note 4 - Investment In and Ad_2

Note 4 - Investment In and Advances to Real Estate Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Equity Method Investments [Table Text Block]	Noncontrolling Ownership Interest The Company s Investment Joint Venture As of June 30, 2023 June 30, 2023 December 31, 2022 Prudential Investment Program 15.0% $ 144.8 $ 153.6 Kimco Income Opportunity Portfolio (“KIR”) 52.1% 285.4 281.5 Canada Pension Plan Investment Board (“CPP”) 55.0% 200.8 190.8 Other Institutional Joint Ventures Various 252.6 256.8 Other Joint Venture Programs Various 214.7 208.9 Total* $ 1,098.3 $ 1,091.6
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block]	As of June 30, 2023 As of December 31, 2022 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 $ 340.5 5.85 % 27.7 $ 380.1 5.20 % 33.1 KIR 273.1 5.82 % 45.2 297.9 5.46 % 47.2 CPP 82.5 5.70 % 37.1 83.1 6.14 % 43.0 Other Institutional Joint Ventures 233.8 5.76 % 41.8 233.5 4.30 % 47.7 Other Joint Venture Programs 370.9 4.41 % 65.4 388.8 4.10 % 71.8 Total $ 1,300.8 $ 1,383.4
Joint Ventures [Member]
Notes Tables
Equity Method Investments [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, Joint Venture 2023 2022 2023 2022 Prudential Investment Program $ 2.2 $ 2.3 $ 12.1 $ 4.7 KIR 8.5 32.0 17.8 45.5 CPP 2.7 2.6 5.4 5.7 Other Institutional Joint Ventures 0.8 4.1 1.5 5.6 Other Joint Venture Programs 2.9 3.1 4.5 6.2 Total $ 17.1 $ 44.1 $ 41.3 $ 67.7

Note 6 - Marketable Securities

Note 6 - Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Marketable Securities [Table Text Block]	As of June 30, 2023 As of December 31, 2022 Marketable securities: Amortized cost $ 41,713 $ 87,411 Unrealized gains, net 273,113 510,321 Total fair value $ 314,826 $ 597,732
Gain (Loss) on Securities [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Gain/(loss) on marketable securities, net $ 14,561 $ (261,467 ) $ 4,417 $ (139,703 )

Note 7 - Accounts and Notes R_2

Note 7 - Accounts and Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	As of June 30, 2023 As of December 31, 2022 Billed tenant receivables $ 26,480 $ 33,801 Unbilled common area maintenance, insurance and tax reimbursements 39,636 56,001 Deferred rent receivables 943 1,905 Defined benefit plan receivable (1) 14,684 14,421 Other receivables 11,488 8,361 Straight-line rent receivables 201,377 189,737 Total accounts and notes receivable, net $ 294,608 $ 304,226

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Operating Lease, Lease Income [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Lease income: Fixed lease income (1) $ 349,323 $ 336,370 $ 697,661 $ 668,368 Variable lease income (2) 86,258 81,514 176,329 164,961 Above-market and below-market leases amortization, net 7,013 2,683 10,002 6,980 Adjustments for potentially uncollectible revenues and disputed amounts (3) (3,586 ) 2,706 (6,646 ) 5,618 Total lease income $ 439,008 $ 423,273 $ 877,346 $ 845,927
Lease, Cost [Table Text Block]	Operating Leases Finance Leases Weighted-average remaining lease term (in years) 24.6 0.5 Weighted-average discount rate 6.63 % 4.44 % Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Lease cost: Finance lease cost $ 316 $ 250 $ 635 $ 576 Operating lease cost 3,697 3,268 7,398 6,251 Variable lease cost 706 1,188 1,267 2,596 Total lease cost $ 4,719 $ 4,706 $ 9,300 $ 9,423

Note 9 - Other Assets (Tables)

Note 9 - Other Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Issued and Acquired Mortgage Loans and Other Financing Receivables [Table Text Block]	Date Issued Face Amount Interest Rate Maturity Date Feb-23 $ 11.2 14.00 % Dec-24 Mar-23 $ 25.0 8.00 % Apr-24

Note 11 - Noncontrolling Inte_2

Note 11 - Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Six Months Ended June 30, 2023 2022 Balance at January 1, $ 92,933 $ 13,480 Net income 3,104 534 Distributions (3,104 ) (535 ) Redemption/conversion of noncontrolling interests - (209 ) Balance at June 30, $ 92,933 $ 13,270

Note 12 - Variable Interest E_2

Note 12 - Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	As of June 30, 2023 As of December 31, 2022 Number of unencumbered VIEs 30 29 Number of encumbered VIEs 2 3 Total number of consolidated VIEs 32 32 Restricted Assets: Real estate, net $ 386.2 $ 425.5 Cash and cash equivalents 5.3 7.9 Accounts and notes receivable, net 3.5 1.7 Other assets 1.4 1.5 Total Restricted Assets $ 396.4 $ 436.6 VIE Liabilities: Mortgages payable, net $ 97.6 $ 109.7 Accounts payable and accrued expenses 13.4 10.9 Operating lease liabilities 5.1 5.2 Other liabilities 70.1 73.3 Total VIE Liabilities $ 186.2 $ 199.1

Note 13 - Fair Value Measurem_2

Note 13 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	June 30, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value Notes payable, net (1) $ 6,775,080 $ 5,879,693 $ 6,780,969 $ 5,837,401 Mortgages payable, net (2) $ 359,609 $ 298,487 $ 376,917 $ 311,659
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Balance at June 30, 2023 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 314,826 $ 314,826 $ - $ - Liabilities: Embedded derivative liability $ 56,000 $ - $ - $ 56,000 Balance at December 31, 2022 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 597,732 $ 597,732 $ - $ - Liabilities: Embedded derivative liability $ 56,000 $ - $ - $ 56,000 Balance at June 30, 2023 Level 1 Level 2 Level 3 Real estate $ 15,479 $ - $ - $ 15,479

Note 15 - Stockholders' Equity

Note 15 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Class of Treasury Stock [Table Text Block]	Class of Preferred Stock Depositary Shares Repurchased Purchase Price (in thousands) Class L 43,777 $ 973.4 Class M 23,791 $ 515.9
Schedule of Stockholders Equity [Table Text Block]	As of June 30, 2023 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 8,902 $ 222,543 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,465 261,636 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,367 $ 484,179 As of December 31, 2022 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 8,946 $ 223,637 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,489 262,231 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,435 $ 485,868
Dividends Declared [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Common Shares $ 0.23000 $ 0.20000 $ 0.46000 $ 0.39000 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 16 - Supplemental Schedu_2

Note 16 - Supplemental Schedule of Non-cash Investing / Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended June 30, 2023 2022 Acquisition of real estate interests from a lease modification $ 12,527 $ - Disposition of real estate interests through the issuance of mortgage receivables $ 25,000 $ - Deconsolidation of real estate interests through contribution to other investments $ 19,618 $ - Surrender of common stock $ 16,137 $ 13,545 Declaration of dividends paid in succeeding period $ 5,308 $ 5,326 Capital expenditures accrual $ 32,949 $ 23,225 Decrease in redeemable noncontrolling interests from redemption of units for common stock $ - $ 1,613 Consolidation of Joint Ventures: Increase in real estate and other net assets $ 54,345 $ - Increase in mortgage payables $ 37,187 $ -
Reconciliation of Cash, Cash Equivalents and Restricted Cash [Table Text Block]	As of June 30, 2023 As of December 31, 2022 Cash and cash equivalents $ 533,380 $ 146,970 Restricted cash 3,097 2,859 Total cash, cash equivalents and restricted cash $ 536,477 $ 149,829

Note 18 - Accumulated Other C_2

Note 18 - Accumulated Other Comprehensive Income ("AOCI") (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains Related to Defined Benefit Plan Unrealized Gains Related to Equity Method Investments Total Balance as of January 1, 2023 $ 10,581 $ - $ 10,581 Other comprehensive income before reclassifications - 5,361 5,361 Amounts reclassified from AOCI - - - Net current-period other comprehensive income - 5,361 5,361 Balance as of June 30, 2023 $ 10,581 $ 5,361 $ 15,942 Unrealized Gains Related to Defined Benefit Plan Balance as of January 1, 2022 $ 2,216 Other comprehensive income before reclassifications 4,260 Amounts reclassified from AOCI - Net current-period other comprehensive income 4,260 Balance as of June 30, 2022 $ 6,476

Note 19 - Earnings Per Share (T

Note 19 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Computation of Basic and Diluted Earnings Per Share: Net income/(loss) available to the Company's common shareholders $ 100,426 $ (125,751 ) $ 383,938 $ 105,197 Earnings attributable to participating securities (647 ) (533 ) (2,074 ) (1,000 ) Net income/(loss) available to the Company’s common shareholders for basic earnings per share 99,779 (126,284 ) 381,864 104,197 Distributions on convertible units - - 1,479 - Net income/(loss) available to the Company’s common shareholders for diluted earnings per share $ 99,779 $ (126,284 ) $ 383,343 $ 104,197 Weighted average common shares outstanding – basic 617,077 615,642 616,785 615,207 Effect of dilutive securities (1): Equity awards 122 - 490 1,689 Assumed conversion of convertible units 58 - 2,474 47 Weighted average common shares outstanding – diluted 617,257 615,642 619,749 616,943 Net income/(loss) available to the Company's common shareholders: Basic earnings per share $ 0.16 $ (0.21 ) $ 0.62 $ 0.17 Diluted earnings per share $ 0.16 $ (0.21 ) $ 0.62 $ 0.17

Note 1 - Business and Organiz_2

Note 1 - Business and Organization (Details Textual)	Jun. 30, 2023
Kimco Realty OP, LLC [Member]
Subsidiary, Ownership Percentage, Parent	100%

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies - Reclassifications (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Straight-line rental income adjustments, net	$ (12,001)	$ (17,437)
Amortization of above-market and below-market leases, net	(10,002)	(6,980)
Amortization of deferred financing costs and fair value debt adjustments, net	(4,656)	(14,066)
Change in accounts and notes receivable, net	21,605	16,234
Change in other operating assets and liabilities, net	$ 1,237	(12,636)
Scenario, Adjustment [Member]
Straight-line rental income adjustments, net		(17,400)
Amortization of above-market and below-market leases, net		(7,000)
Amortization of deferred financing costs and fair value debt adjustments, net		(14,100)
Change in accounts and notes receivable, net		17,400
Change in other operating assets and liabilities, net		$ 21,100

Note 3 - Real Estate (Details T

Note 3 - Real Estate (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Real Estate Revenue From Acquisitions During Period	$ 6,700
Asset Acquisition, Consideration Transferred	166,175
Financing Receivable, Face Amount	25,000
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, Net of Tax, Attributable to Noncontrolling Interest	1,600
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation	1,500
Property [Member]
Tangible Asset Impairment Charges	$ 11,800
Four Parcels Purchased [Member]
Number of Parcels Acquired	4
Asset Acquisition, Consideration Transferred	$ 23,200
Previously Held Equity Investments [Member]
Gain (Loss) on Change of Control of Equity Investments	$ 7,700
Equity Method Investment, Ownership Percentage	15%
Preferred Equity Investments [Member] | Admore PA Property [Member]
Equity Method Investment, Aggregate Cost	$ 19,600

Note 3 - Real Estate - Acquisit

Note 3 - Real Estate - Acquisition of Operating Properties (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) ft²
Purchase price, cash	$ 98,532
Purchase price, debt	37,187
Purchase price, other consideration	30,456
Purchase price, total	$ 166,175
GLA (Square Foot) | ft²	628
Portfolio (2 Properties) [Member]
Purchase price, cash	$ 69,130	[1]
Purchase price, debt	19,637	[1]
Purchase price, other consideration	13,019	[1]
Purchase price, total	$ 101,786	[1]
GLA (Square Foot) | ft²	342	[1]
Crossroads Plaza Parcel [Member]
Purchase price, cash	$ 2,173
Purchase price, debt	0
Purchase price, other consideration	0
Purchase price, total	$ 2,173
GLA (Square Foot) | ft²	5
Northridge Shopping Center Parcel [Member]
Purchase price, cash	$ 728
Purchase price, debt	0
Purchase price, other consideration	0
Purchase price, total	$ 728
GLA (Square Foot) | ft²	57
Stafford Marketplace [Member]
Purchase price, cash	$ 0	[2]
Purchase price, debt	0	[2]
Purchase price, other consideration	12,527	[2]
Purchase price, total	$ 12,527	[2]
GLA (Square Foot) | ft²	87	[2]
Tustin Heights [Member]
Purchase price, cash	$ 26,501
Purchase price, debt	17,550	[1]
Purchase price, other consideration	4,910	[1]
Purchase price, total	$ 48,961	[1]
GLA (Square Foot) | ft²	137	[1]
[1]Other includes the Company’s previously held equity investments in the Prudential Investment Program and net gains on change in control. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized gains on change in control of interest of $7.7 million, in aggregate, resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in Equity in income of joint ventures, net on the Company’s Condensed Consolidated Statements of Income. The Company previously held an ownership interest of 15.0% in these property interests. See Footnote 4 of the Notes to the Company's Condensed Consolidated Financial Statements.[2]During the three months ended March 31, 2023, the Company received a land parcel as consideration resulting from the exercise of a termination option of an operating lease.

Note 3 - Real Estate - Purchase

Note 3 - Real Estate - Purchase Price Allocation (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Other liabilities	$ (968)
Net assets acquired	166,175
Tenant Improvements [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 8,320
Weighted-average amortization period, finite-lived in tangibles (Year)	4 years 1 month 6 days
Leases, Acquired-in-Place [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 11,080
Weighted-average amortization period, finite-lived in tangibles (Year)	4 years 1 month 6 days
Land [Member]
Allocation, Property Plant and Equipment	$ 51,116
Building [Member]
Allocation, Property Plant and Equipment	$ 99,947
Weighted-average amortization period, Property Plant and Equipment (Year)	50 years
Building Improvements [Member]
Allocation, Property Plant and Equipment	$ 10,125
Weighted-average amortization period, Property Plant and Equipment (Year)	45 years
Above Market Leases [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 1,329
Weighted-average amortization period, finite-lived in tangibles (Year)	5 years 8 months 12 days
Below-market Leases [Member]
Weighted-average amortization period, finite-lived in tangibles (Year)	23 years 7 months 6 days
Below-market leases	$ (16,551)
Land Held for Development [Member]
Other assets	$ 1,777

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, 2023 USD ($)	Jun. 30, 2022 USD ($)
Aggregate sales price/gross fair value (1) (2)	[1],[2]	$ 163.8	$ 43.3
Gain on sale of properties (3)	[3]	$ 52.4	$ 7.1
Number of properties sold		4	1
Number of parcels sold/(deconsolidated) (1)	[1]	8	8
[1]During 2023, the Company contributed a land parcel and related entitlements, located in Admore, PA, into a preferred equity investment with a gross value of $19.6 million. As a result, the Company no longer consolidates this land parcel and has a non-controlling interest in this investment. See Footnote 5 of the Notes to the Company’s Condensed Consolidated Financial Statements for preferred equity investment disclosure.[2]During 2023, the Company provided as a lender seller financing of $25.0 million related to the sale of an operating property located in Gresham, OR. See Footnote 9 of the Notes to the Company’s Condensed Consolidated Financial Statements for mortgage receivable loan disclosure.[3]Before noncontrolling interests of $1.6 million and taxes of $1.5 million for the six months ended June 30, 2023.

Note 4 - Investment In and Ad_3

Note 4 - Investment In and Advances to Real Estate Joint Ventures (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) ft²	Dec. 31, 2022 ft²
Gross Leasable Area (Square Foot) | ft²	628
All Equity Method Investments [Member]
Number of Real Estate Properties	108	111
Gross Leasable Area (Square Foot) | ft²	21,900,000	22,400,000
Real Estate Joint Ventures [Member] | Operating Properties [Member]
Real Estate Investments, Net	$ 150.7
Gain (Loss) on Change of Control of Equity Investments	7.7
Equity Method Investment, Sales Price	268.6
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 29.8

Note 4 - Investment In and Ad_4

Note 4 - Investment In and Advances to Real Estate Joint Ventures - Investment Details (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Kim Pru and Kim Pru II [Member]
Average ownership interest		15%
The company's investment		$ 144.8	$ 153.6
Kimco Income Fund [Member]
Average ownership interest		52.10%
The company's investment		$ 285.4	281.5
CPP [Member]
Average ownership interest		55%
The company's investment		$ 200.8	190.8
Other Institutional Joint Ventures [Member]
The company's investment		252.6	256.8
Other Joint Venture Programs [Member]
The company's investment		214.7	208.9
All Equity Method Investments [Member]
The company's investment	[1]	$ 1,098.3	$ 1,091.6
[1]Representing 108 property interests and 21.9 million square feet of GLA, as of June 30, 2023, and 111 property interests and 22.4 million square feet of GLA, as of December 31, 2022.

Note 4 - Investment In and Ad_5

Note 4 - Investment 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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Prudential Investment Program [Member]
Income of joint ventures, net	$ 2,200	$ 2,300	$ 12,100	$ 4,700
KIR [Member]
Income of joint ventures, net	8,500	32,000	17,800	45,500
CPP [Member]
Income of joint ventures, net	2,700	2,600	5,400	5,700
Other Institutional Joint Ventures [Member]
Income of joint ventures, net	800	4,100	1,500	5,600
Other Joint Venture Programs [Member]
Income of joint ventures, net	2,900	3,100	4,500	6,200
Joint Ventures [Member]
Income of joint ventures, net	$ 17,128	$ 44,130	$ 41,332	$ 67,700

Note 4 - Investment In and Ad_6

Note 4 - Investment 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, 2023	Dec. 31, 2022
Mortgage and notes payable		$ 1,300.8	$ 1,383.4
Prudential Investment Program [Member]
Mortgage and notes payable		$ 340.5	$ 380.1
Weighted average interest rate		5.85%	5.20%
Weighted average remaining term (Month)	[1]	27 months 21 days	33 months 3 days
KIR [Member]
Mortgage and notes payable		$ 273.1	$ 297.9
Weighted average interest rate		5.82%	5.46%
Weighted average remaining term (Month)	[1]	45 months 6 days	47 months 6 days
CPP [Member]
Mortgage and notes payable		$ 82.5	$ 83.1
Weighted average interest rate		5.70%	6.14%
Weighted average remaining term (Month)	[1]	37 months 3 days	43 months
Other Institutional Joint Ventures [Member]
Mortgage and notes payable		$ 233.8	$ 233.5
Weighted average interest rate		5.76%	4.30%
Weighted average remaining term (Month)	[1]	41 months 24 days	47 months 21 days
Other Joint Venture Programs [Member]
Mortgage and notes payable		$ 370.9	$ 388.8
Weighted average interest rate		4.41%	4.10%
Weighted average remaining term (Month)	[1]	65 months 12 days	71 months 24 days
[1]Includes extension options

Note 5 - Other Investments (Det

Note 5 - Other Investments (Details Textual) $ in Millions	Jun. 30, 2023 USD ($)
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 136.6
Preferred Equity Investments [Member]
Equity Method Investments	96.7
Preferred Equity Investments [Member] | Admore PA Property [Member]
Equity Method Investments	27.1
Equity Method Investment, Aggregate Cost	$ 19.6

Note 6 - Marketable Securitie_2

Note 6 - Marketable Securities (Details Textual) - USD ($) $ in Thousands, shares in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Proceeds from Sale and Maturity of Marketable Securities	$ 290,311	$ 201
Marketable Securities	314,826		$ 597,732
Dividend Income, Equity Securities, Operating	$ 194,100
Albertsons Companies, Inc [Member]
Sale of Marketable Securities (in shares)	14.1
Proceeds from Sale and Maturity of Marketable Securities	$ 282,300
Equity Securities, FV-NI, Realized Gain (Loss)	241,200
Equity Securities, Federal and State Taxes Payable on Capital Gains	$ 61,000
Investment Owned, Balance, Shares (in shares)	14.2
Marketable Securities	$ 310,100

Note 6 - Marketable Securitie_3

Note 6 - Marketable Securities - Amortized Cost and Unrealized Gain (Loss) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortized cost	$ 41,713	$ 87,411
Unrealized gains, net	273,113	510,321
Marketable securities	$ 314,826	$ 597,732

Note 6 - Marketable Securitie_4

Note 6 - Marketable Securities - Net Gain (Loss) of Investment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Gain/(loss) on marketable securities, net	$ 14,561	$ (261,467)	$ 4,417	$ (139,703)

Note 7 - Accounts and Notes R_3

Note 7 - Accounts and Notes Receivable (Details Textual) - The Weingarten Realty Noncontributory Qualified Cash Balance Retirement Plan [Member] $ in Millions	Jun. 30, 2023 USD ($)
Defined Benefit Plan, Funded (Unfunded) Status of Plan	$ 14.7
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Tax	$ 10.6

Note 7 - Accounts and Notes R_4

Note 7 - Accounts and Notes Receivable - Components of Accounts and Notes Receivable (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Billed tenant receivables		$ 26,480	$ 33,801
Unbilled common area maintenance, insurance and tax reimbursements		39,636	56,001
Deferred rent receivables		943	1,905
Defined benefit plan receivable (1)	[1]	14,684	14,421
Other receivables		11,488	8,361
Straight-line rent receivables		201,377	189,737
Total accounts and notes receivable, net		$ 294,608	$ 304,226
[1]In August 2021, the Company assumed sponsorship of Weingarten Realty Investors’ noncontributory qualified cash balance retirement plan (the “Benefit Plan”) in connection with the merger with Weingarten Realty Investors (“Weingarten”). The Benefit Plan was frozen as of the date of the merger and subsequently terminated as of December 31, 2021. As of June 30, 2023, the Benefit Plan has excess assets of $14.7 million. Additionally, as of June 30, 2023, the Company has unrealized gains related to the Benefit Plan of $10.6 million, which is included in Accumulated other comprehensive income on the Company’s Condensed Consolidated Balance Sheet (see Footnote 18 of the Notes to Condensed Consolidated Financial Statements). The Company expects to settle all the Benefit Plan’s obligations during the remainder of 2023.

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual)	Jun. 30, 2023
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	62 years 6 months
Lessee, Operating Lease, Renewal Term (Year)	75 years

Note 8 - Leases - Lease Income

Note 8 - Leases - Lease Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Fixed lease income	[1]	$ 349,323	$ 336,370	$ 697,661	$ 668,368
Variable lease income	[2]	86,258	81,514	176,329	164,961
Above-market and below-market leases amortization, net		7,013	2,683	10,002	6,980
Total lease income		439,008	423,273	877,346	845,927
COVID 19 [Member]
Adjustments for potentially uncollectible revenues and disputed amounts	[3]	$ (3,586)	$ 2,706	$ (6,646)	$ 5,618
[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]The amounts represent adjustments associated with potentially uncollectible revenues and disputed amounts.

Note 8 - Leases - Lease Cost (D

Note 8 - Leases - Lease Cost (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Weighted-average remaining lease term, operating leases (Year)		24 years 7 months 6 days		24 years 7 months 6 days
Weighted-average remaining lease term, finance leases (Year)		6 months		6 months
Weighted-average discount rate, operating leases		6.63%		6.63%
Weighted-average discount rate, finance leases		4.44%		4.44%
Finance lease cost	[1]	$ 316	$ 250	$ 635	$ 576
Operating lease cost		3,697	3,268	7,398	6,251
Variable lease cost		706	1,188	1,267	2,596
Total lease cost		$ 4,719	$ 4,706	$ 9,300	$ 9,423
[1]Relates to interest expense on finance lease liabilities, which were acquired in connection with the Merger.

Note 9 - Other Assets - Mortgag

Note 9 - Other Assets - Mortgage Loans and Other Financing Receivables (Details) $ in Millions	Jun. 30, 2023 USD ($)
Face amount	$ 25
Financing Receivable Maturing In December 24 [Member]
Face amount	$ 11.2
Interest rate	14%
Financing Receivable Maturing In April 24 [Member]
Face amount	$ 25
Interest rate	8%

Note 10 - Notes and Mortgage _2

Note 10 - Notes and Mortgage Payable (Details Textual) - USD ($) $ in Thousands		6 Months Ended
	Feb. 28, 2023	Jun. 30, 2023	Feb. 29, 2020
Long-Term Line of Credit		$ 0
Nonrecourse Mortages Assumed Through Consolidation [Member]
Noncash or Part Noncash Acquisition, Debt Assumed		$ 37,200
Number of Real Estate Properties		2
Mortgage Relating to An Operating Property [Member]
Repayments of Long-Term Debt		$ 12,000
Revolving Credit Facility [Member]
Line of Credit Facility, Current Borrowing Capacity	$ 2,000,000		$ 2,000,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,750,000
Debt Instrument, Basis Spread on Variable Rate	0.775%
Debt Instrument, Interest Rate, Increase (Decrease)	(0.02%)
Debt Instrument, Interest Rate, Effective Percentage		5.92%
Line of Credit [Member]
Long-Term Line of Credit		$ 0

Note 11 - Noncontrolling Inte_3

Note 11 - Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Balance	$ 92,933	$ 13,480
Net income	3,104	534
Distributions	(3,104)	(535)
Redemption/conversion of noncontrolling interests	0	(209)
Balance	$ 92,933	$ 13,270

Note 12 - Variable Interest E_3

Note 12 - Variable Interest Entities (Details Textual) $ in Thousands		Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Assets	[1]	$ 17,927,718	$ 17,826,122
Liabilities	[1]	$ 8,079,377	$ 8,086,280
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity, Number of Entities		32	32
Consolidated Operating Properties [Member]
Variable Interest Entity, Number of Entities		32	32
Consolidated Operating Properties [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Assets		$ 1,800,000	$ 1,800,000
Liabilities		186,200	$ 199,100
Unconsolidated Redevelopment Properties [Member]
Noncontrolling Interest in Variable Interest Entity		27,100
Unconsolidated Redevelopment Properties [Member] | Maximum [Member]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount		$ 34,300
[1]Total assets include restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2023 and December 31, 2022 of $396,352 and $436,605, respectively. Total liabilities include non-recourse liabilities of consolidated VIEs at June 30, 2023 and December 31, 2022 of $186,157 and $199,132, respectively. See Footnote 12 of the Notes to Condensed Consolidated Financial Statements.

Note 12 - Variable Interest E_4

Note 12 - Variable Interest Entities - Summary of Restricted Assets and VIE Liabilities (Details) $ in Thousands		Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Real estate, net of accumulated depreciation and amortization of $3,631,686 and $3,417,414, respectively		$ 15,019,986	$ 15,039,828
Cash and cash equivalents		533,380	146,970
Accounts and notes receivable, net		294,608	304,226
Other assets		396,643	401,642
Assets	[1]	17,927,718	17,826,122
Mortgages payable, net		359,609	376,917
Accounts payable and accrued expenses		207,545	207,815
Operating lease liabilities		111,129	113,679
Other liabilities		620,706	601,574
Liabilities	[1]	$ 8,079,377	$ 8,086,280
Variable Interest Entity, Unencumbered [Member]
Number of consolidated VIEs		30	29
Variable Interest Entity, Encumbered by Third Party Non-resource Mortgage Debt [Member]
Number of consolidated VIEs		2	3
Variable Interest Entity, Primary Beneficiary [Member]
Number of consolidated VIEs		32	32
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member]
Mortgages payable, net		$ 97,600	$ 109,700
Accounts payable and accrued expenses		13,400	10,900
Operating lease liabilities		5,100	5,200
Other liabilities		70,100	73,300
Liabilities		186,157	199,132
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member]
Real estate, net of accumulated depreciation and amortization of $3,631,686 and $3,417,414, respectively		386,200	425,500
Cash and cash equivalents		5,300	7,900
Accounts and notes receivable, net		3,500	1,700
Other assets		1,400	1,500
Assets		$ 396,352	$ 436,605
[1]Total assets include restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2023 and December 31, 2022 of $396,352 and $436,605, respectively. Total liabilities include non-recourse liabilities of consolidated VIEs at June 30, 2023 and December 31, 2022 of $186,157 and $199,132, respectively. See Footnote 12 of the Notes to Condensed Consolidated Financial Statements.

Note 13 - Fair Value Measurem_3

Note 13 - Fair Value Measurements (Details Textual) $ in Thousands		6 Months Ended
		Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Property [Member]
Tangible Asset Impairment Charges		$ 11,800
Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure	[1]	5,879,693	$ 5,837,401
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure		5,900,000	5,800,000
Deferred Costs		$ 62,600	$ 66,400
Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member]
Embedded Derivative Liability, Measurement Input		0.0800	0.0800
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Deferred Costs		$ 1,400	$ 1,700
[1]The Company determined that the valuation of its senior unsecured notes were classified within Level 2 of the fair value hierarchy. The estimated fair value amounts classified as Level 2 as of June 30, 2023 and December 31, 2022, were $5.8 billion and $5.8 billion, respectively.

Note 13 - Fair Value Measurem_4

Note 13 - Fair Value Measurements - Estimate of Fair Value Differs From Carrying Amounts (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Reported Value Measurement [Member]
Notes payable, net (1)	[1]	$ 6,775,080	$ 6,780,969
Reported Value Measurement [Member] | Mortgages [Member]
Mortgages payable, net	[2]	359,609	376,917
Estimate of Fair Value Measurement [Member]
Notes payable, net (1)	[1]	5,879,693	5,837,401
Estimate of Fair Value Measurement [Member] | Mortgages [Member]
Mortgages payable, net	[2]	$ 298,487	$ 311,659
[1]The Company determined that the valuation of its senior unsecured notes were classified within Level 2 of the fair value hierarchy. The estimated fair value amounts classified as Level 2 as of June 30, 2023 and December 31, 2022, were $5.8 billion and $5.8 billion, respectively.[2]The Company determined that its valuation of its mortgages payable were classified within Level 3 of the fair value hierarchy.

Note 13 - Fair Value Measurem_5

Note 13 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Nonrecurring [Member]
Real estate	$ 15,479
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Real estate	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Real estate	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Real estate	15,479
Fair Value, Recurring [Member]
Marketable equity securities	314,826	$ 597,732
Embedded derivative liability	56,000	56,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Marketable equity securities	314,826	597,732
Embedded derivative liability	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Marketable equity securities	0
Embedded derivative liability	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Marketable equity securities	0	0
Embedded derivative liability	$ 56,000	$ 56,000

Note 14 - Incentive Plans (Deta

Note 14 - Incentive Plans (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	May 31, 2020
Share-Based Payment Arrangement, Expense	$ 17.5	$ 14
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 67.3
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years
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)	4,900,000

Note 15 - Stockholders' Equit_2

Note 15 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 1	$ 1
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Class L Cumulative Redeemable Preferred Stock Depositary Shares[Member]
Stock Repurchased During Period, Shares (in shares)	43,777
Class M Cumulative Redeemable Preferred Stock Depositary Shares [Member]
Stock Repurchased During Period, Shares (in shares)	23,791
Share Repurchase Program [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 1
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01
Stock Repurchase Program, Authorized Amount	$ 300
Stock Repurchased During Period, Shares (in shares)	0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 224.9
Share Repurchase Program [Member] | Maximum [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	1,942
Share Repurchase Program [Member] | Class L Cumulative Redeemable Preferred Stock Depositary Shares[Member] | Maximum [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	894,000
Share Repurchase Program [Member] | Class M Cumulative Redeemable Preferred Stock Depositary Shares [Member] | Maximum [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	1,048,000

Note 15 - Stockholders' Equit_3

Note 15 - Stockholders' Equity - Preferred Stock Repurchased (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Purchase price	$ 1,491	$ 3,441
Class L Cumulative Redeemable Preferred Stock Depositary Shares[Member]
Shares repurchased (in shares)	43,777
Purchase price	$ 973,400
Class M Cumulative Redeemable Preferred Stock Depositary Shares [Member]
Shares repurchased (in shares)	23,791
Purchase price	$ 515,900

Note 15 - Stockholders' Equit_4

Note 15 - Stockholders' Equity - Outstanding Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Preferred stock, shares authorized (in shares)	7,054,000	7,054,000
Preferred stock, liquidation preference	$ 484,179	$ 489,868
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Series L Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	10,350	10,350
Shares issued and outstanding (in shares)	8,902	8,946
Preferred stock, liquidation preference	$ 222,543	$ 223,637
Dividend rate	5.125%	5.125%
Annual dividend per depository share (in dollars per share)	$ 1.28125	$ 1.28125
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Series M Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	10,580	10,580
Shares issued and outstanding (in shares)	10,465	10,489
Preferred stock, liquidation preference	$ 261,636	$ 262,231
Dividend rate	5.25%	5.25%
Annual dividend per depository share (in dollars per share)	$ 1.31250	$ 1.31250
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Redeemable Preferred Stock [Member]
Shares issued and outstanding (in shares)	19,367	19,435
Preferred stock, liquidation preference	$ 484,179	$ 485,868

Note 15 - Stockholders' Equit_5

Note 15 - Stockholders' Equity - Dividends Declared (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Common Shares (in dollars per share)	$ 0.23000	$ 0.20000	$ 0.46000	$ 0.39000
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

Note 16 - Supplemental Schedu_3

Note 16 - Supplemental Schedule of Non-cash Investing / Financing Activities - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Acquisition of real estate interests from a lease modification	$ 12,527	$ 0
Disposition of real estate interests through the issuance of mortgage receivables	25,000	0
Deconsolidation of real estate interests through contribution to other investments	19,618	0
Surrender of common stock	16,137	13,545
Dividends payable	5,308	5,326	$ 5,326
Capital expenditures accrual	32,949	23,225
Decrease in redeemable noncontrolling interests from redemption of units for common stock	0	1,613
Increase in real estate and other net assets	54,345	0
Increase in mortgage payables	$ 37,187	$ 0

Note 16 - Supplemental Schedu_4

Note 16 - Supplemental Schedule of Non-cash Investing / Financing Activities - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 533,380	$ 146,970
Restricted cash	3,097	2,859
Total cash, cash equivalents and restricted cash	$ 536,477	$ 149,829

Note 17 - Commitments and Con_2

Note 17 - Commitments and Contingencies (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Letters of Credit Outstanding, Amount	$ 39.8
Performance and Surety Bonds	17.4
Series A Bond [Member]
Special Assessment Bond, Total	45.5
Investment With Funding Commitments [Member]
Equity Method Investment, Commitment Amount	64.7
Payments to Acquire Equity Method Investments	$ 45.5

Note 18 - Accumulated Other C_3

Note 18 - Accumulated Other Comprehensive Income ("AOCI") - Changes in the Components of AOCI (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Balance as of January 1, 2023	$ 10,581
Balance as of June 30, 2023	15,942
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Balance as of January 1, 2023	10,581	$ 2,216
Other comprehensive income before reclassifications	0	4,260
Amounts reclassified from AOCI	0	0
Net current-period other comprehensive income	0	4,260
Balance as of June 30, 2023	10,581	$ 6,476
AOCI, Unrealized Gain (Loss) Related to Equity Method Investments [Member]
Balance as of January 1, 2023	0
Other comprehensive income before reclassifications	5,361
Amounts reclassified from AOCI	0
Net current-period other comprehensive income	5,361
Balance as of June 30, 2023	5,361
AOCI Attributable to Parent [Member]
Balance as of January 1, 2023	10,581
Other comprehensive income before reclassifications	5,361
Amounts reclassified from AOCI	0
Net current-period other comprehensive income	5,361
Balance as of June 30, 2023	$ 15,942

Note 19 - Earnings Per Share -

Note 19 - 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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income/(loss) available to the Company's common shareholders		$ 100,426	$ (125,751)	$ 383,938	$ 105,197
Earnings attributable to participating securities		(647)	(533)	(2,074)	(1,000)
Net income/(loss) available to the Company’s common shareholders for basic earnings per share		99,779	(126,284)	381,864	104,197
Distributions on convertible units		0	0	1,479	0
Net income/(loss) available to the Company’s common shareholders for diluted earnings per share		$ 99,779	$ (126,284)	$ 383,343	$ 104,197
Weighted average common shares outstanding – basic (in shares)		617,077	615,642	616,785	615,207
Equity awards (in shares)	[1]	122	0	490	1,689
Assumed conversion of convertible units (in shares)	[1]	58	0	2,474	47
Weighted average common shares outstanding – diluted (in shares)	[1]	617,257	615,642	619,749	616,943
Basic earnings per share (in dollars per share)		$ 0.16	$ (0.21)	$ 0.62	$ 0.17
Diluted earnings per share (in dollars per share)		$ 0.16	$ (0.21)	$ 0.62	$ 0.17
[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 0.3 million, 0 million and 1.2 million stock options that were not dilutive as of December 31, 2022, 2021 and 2020, respectively.