10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

Form 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2013

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                 to                

Commission File Number:   1-10899

Kimco Realty Corporation

(Exact name of registrant as specified in its charter)

Maryland	13-2744380
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

3333 New Hyde Park Road, New Hyde Park, NY 11042

(Address of principal executive offices) (Zip Code)

(516) 869-9000

(Registrant’s telephone number, including area code)

        N/A        

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes ☒   No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files.)    Yes ☒   No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer, “accelerated filer” and “smaller reporting company” in Rule 12-b-2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b-2 of the Exchange Act). Yes ☐ No ☒

As of October 23, 2013, the registrant had 409,690,237 shares of common stock outstanding.

	PART I FINANCIAL INFORMATION
Item 1.	Financial Statements of Kimco Realty Corporation and Subsidiaries
Condensed Consolidated Financial Statements -
	Condensed Consolidated Balance Sheets as of September 30, 2013 and December 31, 2012	3
	Condensed Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2013 and 2012	4
	Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2013 and 2012	5
	Condensed Consolidated Statements of Changes in Equity for the Nine Months Ended September 30, 2013 and 2012	6
	Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2013 and 2012	7
Notes to Condensed Consolidated Financial Statements		8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	23
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	33
Item 4.	Controls and Procedures	34
PART II OTHER INFORMATION
Item 1.	Legal Proceedings	35
Item 1A.	Risk Factors	35
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 4.	Mine Safety Disclosures	35
Item 6.	Exhibits	35
Signatures		37

2

KIMCO REALTY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share information)

	September 30, 2013			December 31, 2012
Assets:
Operating real estate, net of accumulated depreciation of $1,864,904 and $1,745,462, respectively	$	7,086,534		$	7,104,562
Investments and advances in real estate joint ventures		1,308,184			1,428,155
Real estate under development		97,033			97,263
Other real estate investments		288,364			317,557
Mortgages and other financing receivables		45,708			70,704
Cash and cash equivalents		401,730			141,875
Marketable securities		88,656			36,541
Accounts and notes receivable		160,126			171,540
Other assets		476,744			383,037
Total assets	$	9,953,079		$	9,751,234
Liabilities:
Notes payable	$	3,254,881		$	3,192,127
Mortgages payable		1,125,771			1,003,190
Dividends payable		98,334			96,518
Other liabilities		548,038			445,843
Total liabilities		5,027,024			4,737,678
Redeemable noncontrolling interests		85,903			81,076
Stockholders' equity:
Preferred stock, $1.00 par value, authorized 5,961,200 shares, 102,000 shares issued and outstanding (in series)
Aggregate liquidation preference $975,000		102			102
Common stock, $.01 par value, authorized 750,000,000 shares issued and outstanding 409,656,477 and 407,782,102 shares, respectively		4,097			4,078
Paid-in capital		5,688,421			5,651,170
Cumulative distributions in excess of net income		(950,905	)		(824,008	)
Accumulated other comprehensive income		(44,128	)		(66,182	)
Total stockholders' equity		4,697,587			4,765,160
Noncontrolling interests		142,565			167,320
Total equity		4,840,152			4,932,480
Total liabilities and equity	$	9,953,079		$	9,751,234

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

KIMCO REALTY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(in thousands, except per share data)

 

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Revenues
Revenues from rental properties	$	232,074		$	213,946		$	689,678		$	637,378
Management and other fee income		9,423			8,917			26,865			27,053
Total revenues		241,497			222,863			716,543			664,431
Operating expenses
Rent		3,319			3,270			10,024			9,457
Real estate taxes		30,900			28,823			88,770			84,131
Operating and maintenance		27,547			25,333			84,563			76,020
General and administrative expenses		30,961			29,880			96,456			95,157
Provision for doubtful accounts		2,118			888			7,190			6,397
Impairment charges		74,765			-			109,046			326
Depreciation and amortization		63,158			63,854			186,345			180,647
Total operating expenses		232,768			152,048			582,394			452,135
Operating income		8,729			70,815			134,149			212,296
Other income/(expense)
Mortgage financing income		925			2,092			3,341			6,083
Interest, dividends and other investment income		481			595			9,648			1,094
Other income/(expense), net		2,878			(3,073	)		(3,070	)		(6,126	)
Interest expense		(53,991	)		(56,467	)		(162,594	)		(170,224	)
Income from other real estate investments		670			545			1,628			1,688
Income/(loss) from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments		(40,308	)		14,507			(16,898	)		44,811
Provision for income taxes, net		(24,238	)		(5,520	)		(28,110	)		(13,581	)
Equity in income of joint ventures, net		96,175			24,498			179,791			89,588
Gain on change in control of interests, net		-			-			21,711			14,156
Equity in income of other real estate investments, net		10,547			10,239			29,910			35,340
Income from continuing operations		42,176			43,724			186,404			170,314
Discontinued operations
Income from discontinued operating properties, net of tax		1,887			5,222			8,693			9,924
Impairment/loss on operating properties sold, net of tax		(10,813	)		(3,191	)		(42,971	)		(30,248	)
Gain on disposition of operating properties, net of tax		23,398			11,329			27,762			34,571
Income/(loss) from discontinued operations		14,472			13,360			(6,516	)		14,247
Gain on sale of operating properties, net of tax		540			-			1,080			4,059
Net income		57,188			57,084			180,968			188,620
Net income attributable to noncontrolling interests		(1,425	)		(2,143	)		(6,296	)		(10,928	)
Net income attributable to the Company		55,763			54,941			174,672			177,692
Preferred stock redemption costs		-			(6,213	)		-			(6,213	)
Preferred dividends		(14,573	)		(21,622	)		(43,720	)		(58,037	)
Net income available to the Company's common shareholders	$	41,190		$	27,106		$	130,952		$	113,442
Per common share:
Income from continuing operations:
-Basic	$	0.06		$	0.03		$	0.33		$	0.25
-Diluted	$	0.06		$	0.03		$	0.33		$	0.25
Net income attributable to the Company:
-Basic	$	0.10		$	0.07		$	0.32		$	0.28
-Diluted	$	0.10		$	0.07		$	0.32		$	0.28
Weighted average shares:
-Basic		408,060			405,810			407,459			405,880
-Diluted		408,866			406,747			408,510			406,650
Amounts attributable to the Company's common shareholders:
Income from continuing operations	$	26,729		$	12,932		$	137,507		$	100,781
Income/(loss) from discontinued operations		14,461			14,174			(6,555	)		12,661
Net income	$	41,190		$	27,106		$	130,952		$	113,442

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

KIMCO REALTY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(in thousands)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Net income	$	57,188		$	57,084		$	180,968		$	188,620
Other comprehensive income:
Change in unrealized gain on marketable securities, net		17,660			1,382			23,888			2,311
Change in unrealized gain on interest rate swaps, net		-			31			-			403
Change in foreign currency translation adjustment, net		305			42,807			(2,199	)		52,378
Other comprehensive income		17,965			44,220			21,689			55,092
Comprehensive income		75,153			101,304			202,657			243,712
Comprehensive income attributable to noncontrolling interests		(1,720	)		(3,259	)		(5,931	)		(15,145	)
Comprehensive income attributable to the Company	$	73,433		$	98,045		$	196,726		$	228,567

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

KIMCO REALTY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

For the Nine Months Ended September 30, 2013 and 2012

(Unaudited)

(in thousands)

	Cumulative Distributions in Excess of			Accumulated Other Comprehensive			Preferred Stock						Common Stock						Paid-in			Total Stockholders'			Noncontrolling			Total
	Net Income			Income			Issued			Amount			Issued			Amount			Capital			Equity			Interests			Equity
Balance, January 1, 2012	$	(702,999	)	$	(107,660	)		954		$	954			406,938		$	4,069		$	5,492,022		$	4,686,386		$	193,757		$	4,880,143
Contributions from noncontrolling interests		-			-			-			-			-			-			-			-			1,343			1,343
Comprehensive income:
Net income		177,692			-			-			-			-			-			-			177,692			10,928			188,620
Other comprehensive income, net of tax:
Change in unrealized gain on marketable securities		-			2,311			-			-			-			-			-			2,311			-			2,311
Change in unrealized gain on interest rate swaps		-			403			-			-			-			-			-			403			-			403
Change in foreign currency translation adjustment		-			48,161			-			-			-			-			-			48,161			4,217			52,378
Redeemable noncontrolling interests		-			-			-			-			-			-			-			-			(4,745	)		(4,745	)
Dividends ($0.57 per common share; $1.0344 per Class F Depositary Share, $1.4532 per Class G Depositary Share, $1.2938 per Class H Depositary Share and $0.79583 per Class I Depositary Share, and $0.2521 per Class J Depositary Share, respectively)		(287,790	)		-			-			-			-			-			-			(287,790	)		-			(287,790	)
Distributions to noncontrolling interests		-			-			-			-			-			-			-			-			(11,874	)		(11,874	)
Issuance of common stock		-			-			-			-			1,093			11			18,055			18,066			-			18,066
Surrender of common stock		-			-			-			-			(111	)		(1	)		(2,072	)		(2,073	)		-			(2,073	)
Repurchase of common stock		-			-			-			-			(1,636	)		(16	)		(30,930	)		(30,946	)		-			(30,946	)
Issuance of preferred stock		-			-			25			25			-			-			605,046			605,071			-			605,071
Exercise of common stock options		-			-			-			-			1,325			13			20,018			20,031			-			20,031
Acquisition of noncontrolling interests		-			-			-			-			-			-			296			296			(23,164	)		(22,868	)
Amortization of equity awards		-			-			-			-			-			-			10,109			10,109			-			10,109
Redemption of preferred stock		-			-			(700	)		(700	)		-			-			(174,300	)		(175,000	)		-			(175,000	)
Balance, September 30, 2012	$	(813,097	)	$	(56,785	)		279		$	279			407,609		$	4,076		$	5,938,244		$	5,072,717		$	170,462		$	5,243,179
Balance, January 1, 2013	$	(824,008	)	$	(66,182	)		102		$	102			407,782		$	4,078		$	5,651,170		$	4,765,160		$	167,320		$	4,932,480
Contributions from noncontrolling interests		-			-			-			-			-			-			-			-			937			937
Comprehensive income:
Net income		174,672			-			-			-			-			-			-			174,672			6,296			180,968
Other comprehensive income, net of tax:
Change in unrealized gain on marketable securities		-			23,888			-			-			-			-			-			23,888			-			23,888
Change in unrealized gain on interest rate swaps		-			-			-			-			-			-			-			-			-			-
Change in foreign currency translation adjustment		-			(1,834	)		-			-			-			-			-			(1,834	)		(365	)		(2,199	)
Redeemable noncontrolling interests		-			-			-			-			-			-			-			-			(5,140	)		(5,140	)
Dividends ($0.63 per common share; $1.2938 per Class H Depositary Share and $1.1250 per Class I Depositary Share, and $1.0313 per Class J Depositary Share. and $1.0547 per Class K Depositary Share, respectively)		(301,569	)		-			-			-			-			-			-			(301,569	)		-			(301,569	)
Distributions to noncontrolling interests		-			-			-			-			-			-			-			-			(6,387	)		(6,387	)
Issuance of common stock		-			-			-			-			560			5			9,208			9,213			-			9,213
Surrender of restricted stock		-			-			-			-			(245	)		(2	)		(3,849	)		(3,851	)		-			(3,851	)
Exercise of common stock options		-			-			-			-			1,559			16			29,028			29,044			-			29,044
Acquisition of noncontrolling interests		-			-			-			-			-			-			(5,992	)		(5,992	)		(20,096	)		(26,088	)
Amortization of equity awards		-			-			-			-			-			-			8,856			8,856			-			8,856
Balance, September 30, 2013	$	(950,905	)	$	(44,128	)		102		$	102			409,656		$	4,097		$	5,688,421		$	4,697,587		$	142,565		$	4,840,152

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

KIMCO REALTY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(in thousands)

 

	Nine Months Ended September 30,
	2013			2012
Cash flow from operating activities:
Net income	$	180,968		$	188,620
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		191,420			197,964
Impairment charges		167,153			37,740
Gain on sale of operating properties		(29,859	)		(44,596	)
Equity in income of joint ventures, net		(179,791	)		(89,587	)
Gains on change in control of interests		(21,711	)		(14,156	)
Equity in income from other real estate investments, net		(29,910	)		(35,340	)
Distributions from joint ventures and other real estate investments		211,362			150,721
Change in accounts and notes receivable		11,414			11,249
Change in accounts payable and accrued expenses		69,053			34,915
Change in other operating assets and liabilities		(36,258	)		(29,940	)
Net cash flow provided by operating activities		533,841			407,590
Cash flow from investing activities:
Acquisition of operating real estate		(182,423	)		(338,959	)
Improvements to operating real estate		(78,490	)		(82,890	)
Improvements to real estate under development		(541	)		(2,423	)
Investment in marketable securities		(33,588	)		-
Proceeds from sale/repayments of marketable securities		10,800			156
Investments and advances to real estate joint ventures		(289,494	)		(159,121	)
Reimbursements of investments and advances to real estate joint ventures		409,748			135,987
Investment in other real estate investments		(23,488	)		(4,215	)
Reimbursements of investments and advances to other real estate investments		19,557			26,637
Investment in mortgage loans receivable		(11,469	)		(15,623	)
Collection of mortgage loans receivable		13,900			24,613
Investment in other investments		(21,366	)		(924	)
Reimbursements of other investments		9,175			9,538
Proceeds from sale of operating properties		247,965			277,174
Net cash flow provided by (used for) investing activities		70,286			(130,050	)
Cash flow from financing activities:
Principal payments on debt, excluding normal amortization of rental property debt		(132,492	)		(212,105	)
Principal payments on rental property debt		(18,264	)		(17,585	)
Principal payments on construction loan financings		-			(213	)
Proceeds from mortgage/construction loan financings		35,974			6,276
Repayments under unsecured revolving credit facility, net		(99,076	)		(226,558	)
Borrowings under unsecured term loan/notes		621,562			400,000
Repayments under unsecured term loan/notes		(446,717	)		(17,000	)
Financing origination costs		(7,365	)		(1,904	)
Redemption of/distributions to noncontrolling interests		(27,184	)		(25,868	)
Dividends paid		(299,754	)		(285,092	)
Proceeds from issuance of stock		29,044			625,102
Redemption of preferred stock		-			(175,000	)
Repurchase of common stock		-			(30,946	)
Net cash flow (used for) provided by financing activities		(344,272	)		39,107
Change in cash and cash equivalents		259,855			316,647
Cash and cash equivalents, beginning of period		141,875			112,882
Cash and cash equivalents, end of period	$	401,730		$	429,529
Interest paid during the period (net of capitalized interest of $888 and $1,273, respectively)	$	142,805		$	149,976
Income taxes paid during the period	$	1,240		$	1,970

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

KIMCO REALTY CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED

CONSOLIDATED FINANCIAL STATEMENTS

1. Interim Financial Statements

Principles of Consolidation -

The accompanying Condensed Consolidated Financial Statements include the accounts of Kimco Realty Corporation and Subsidiaries, (the “Company”). The Company’s Subsidiaries includes subsidiaries which are wholly-owned, and all entities in which the Company has a controlling financial interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) or meets certain criteria of a sole general partner or managing member in accordance with the Consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-company balances and transactions have been eliminated in consolidation.  The information furnished in the accompanying Condensed Consolidated Financial Statements is unaudited and reflects all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature.  These Condensed Consolidated Financial Statements should be read in conjunction with the Company's 2012 Annual Report on Form 10-K for the year ended December 31, 2012 ("10-K"), as certain disclosures in this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013, that would duplicate those included in the 10-K are not included in these Condensed Consolidated Financial Statements.

Subsequent Events -

The Company has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements (see Footnote 9).

Income Taxes -

The Company elected status as a Real Estate Investment Trust (a “REIT”) for federal income tax purposes beginning in its taxable year ended December 31, 1991 and operates in a manner that enables the Company to maintain its status as a REIT.  As a REIT, the Company must distribute at least 90 percent of its taxable income and will not pay federal income taxes on the amount distributed to its shareholders.  Therefore, the Company is not subject to federal income taxes if it distributes 100 percent of its taxable income.   Most states, where the Company holds investments in real estate, conform to the federal rules recognizing REITs.  Certain subsidiaries have made a joint election with the Company to be treated as taxable REIT subsidiaries (“TRS”), which permit the Company to engage in certain business activities in which the REIT may not conduct directly.  A TRS is subject to federal and state income taxes on the income from these activities and the Company includes a provision for taxes in its condensed consolidated financial statements.  The Company is subject to and also includes in its tax provision non-U.S. income taxes on certain investments located in jurisdictions outside the U.S.

8

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 September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Computation of Basic Earnings Per Share:
Income from continuing operations	$	42,176		$	43,724		$	186,404		$	170,314
Gain on sale of operating properties, net of tax		540			-			1,080			4,059
Net income attributable to noncontrolling interests		(1,425	)		(2,143	)		(6,296	)		(10,928	)
Discontinued operations attributable to noncontrolling interests		11			(814	)		39			1,586
Preferred stock redemption costs		-			(6,213	)		-			(6,213	)
Preferred stock dividends		(14,573	)		(21,622	)		(43,720	)		(58,037	)
Income from continuing operations available to the common shareholders		26,729			12,932			137,507			100,781
Earnings attributable to unvested restricted shares		(337	)		(298	)		(1,011	)		(893	)
Income from continuing operations attributable to common shareholders		26,392			12,634			136,496			99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for basic earnings per share	$	40,853			26,808			129,941			112,549
Weighted average common shares outstanding		408,060			405,810			407,459			405,880
Basic Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28
Computation of Diluted Earnings Per Share:
Income from continuing operations attributable to common shareholders	$	26,392		$	12,634		$	136,496		$	99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for diluted earnings per share	$	40,853		$	26,808		$	129,941		$	112,549
Weighted average common shares outstanding – basic		408,060			405,810			407,459			405,880
Effect of dilutive securities (a):
Equity awards		806			937			1,051			770
Shares for diluted earnings per common share		408,866			406,747			408,510			406,650
Diluted Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28

(a) For the three and nine months ended September 30, 2013 and 2012, the effect of certain convertible units would have an anti-dilutive effect upon the calculation of Income from continuing operations per share.  Accordingly, the impact of such conversion has not been included in the determination of diluted earnings per share calculations.  Additionally, there were 10,983,598 and 11,205,056 stock options that were not dilutive at September 30, 2013 and 2012, respectively.

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-class method whereby earnings are allocated to the unvested restricted share awards based on dividends declared and the unvested restricted shares' participation rights in undistributed earnings.

New Accounting Pronouncements –

In July 2013, the FASB released ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force) (“ASU 2013-11”). This update requires that an unrecognized tax benefit, or portion of an unrecognized tax benefit, be presented as a reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. If an applicable deferred tax asset is not available or a company does not expect to use the applicable deferred tax asset, the unrecognized tax benefit should be presented as a liability in the financial statements and should not be combined with an unrelated deferred tax asset. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date, however retrospective application is permitted. The Company is in the process of evaluating ASU 2013-11 and does not expect that it will have a material impact on the Company’s financial position or results of operations.

9

Additionally, during July 2013, the FASB released ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2013-10”). The update permits the Fed Funds Effective Swap Rate (“OIS”) to be used as a U.S. benchmark interest rate for hedge accounting purposes. In addition, the amendments remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU 2013-10 did not have a material impact on the Company’s financial position or results of operations.

In February 2013, the FASB issued new guidance regarding liabilities, Accounting Standards Update ("ASU") 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (“ASU 2013-04”), effective retrospectively for fiscal years beginning after December 15, 2013 and interim periods within those years. The amendments require an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. In addition, the amendments require an entity to disclose the nature and amount of the obligation, as well as other information about the obligations. The adoption of ASU 2013-04 is not expected to have a material impact on the Company’s financial position or results of operations.

In January 2013, the FASB released ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”). This guidance is the culmination of the board’s redeliberation on reporting reclassification adjustments from accumulated other comprehensive income. The standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source (e.g., the release due to cash flow hedges from interest rate contracts) and the income statement line items affected by the reclassification (e.g., interest income or interest expense). If a component is not required to be reclassified to net income in its entirety (e.g., the net periodic pension cost), companies would instead cross reference to the related footnote for additional information (e.g., the pension footnote). The new requirements were effective for public companies in interim and annual reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial statement presentation or disclosures.

In December 2011, the FASB released ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”). ASU 2011-11 requires companies to provide new disclosures about offsetting and related arrangements for financial instruments and derivatives. The provisions of ASU 2011-11 are effective for reporting periods beginning on or after January 1, 2013, and are required to be applied retrospectively. The adoption of ASU 2011-11 did not have a material impact on the Company’s financial statement disclosures.

Reclassifications –

Certain reclassifications have been made to previously recorded amounts to conform to the current year presentation, Specifically, the Company is presenting on its Condensed Consolidated Statements of Income its Provision for doubtful accounts as a separate line item included in Operating expenses, which during 2012 was included in Revenues from rental properties. Additionally, the Company made certain other immaterial reclassifications to the Company’s Condensed Consolidated Balance Sheets as of December 31, 2012, to conform to the current year presentation.

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2. Operating Property Activities

Acquisitions -

During the nine months ended September 30, 2013, the Company acquired the following properties, in separate transactions (in thousands):

			Purchase Price
Property Name	Location	Month Acquired	Cash		Debt Assumed		Other		Total		GLA*
Santee Trolley Square(1)	Santee, CA	Jan-13	$	26,863	$	48,456	$	22,681	$	98,000		311
Shops at Kildeer (2)	Kildeer, IL	Jan-13		-		32,724		-		32,724		168
Village Commons S.C.	Tallahassee, FL	Jan-13		7,100		-		-		7,100		125
Putty Hill Plaza (3)	Baltimore, MD	Jan-13		4,592		9,115		489		14,196		91
Columbia Crossing II S.C.	Columbia, MD	Jan-13		21,800		-		-		21,800		101
Roseville Plaza (Parcel)	Roseville, MN	Jan-13		5,143		-		-		5,143		80
Wilton River Park (4)	Wilton, CT	Mar-13		777		36,000		5,223		42,000		187
Canyon Square (5)	Santa Clarita, CA	Apr-13		1,950		13,800		-		15,750		97
JTS Portfolio (6)	Baton Rouge, LA	Apr-13		-		43,267		11,733		55,000		520
Factoria Mall (7)	Bellevue, WA	May-13		37,283		56,000		37,467		130,750		510
6 Out-parcels	Various	Jun-13		13,053		-		-		13,053		97
Highlands Ranch II	Highlands Ranch, CO	July-13		14,600		-		-		14,600		44
Elmsford	Elmsford, NY	Aug-13		23,000		-		-		23,000		143
			$	156,161	$	239,362	$	77,593	$	473,116		2,474

* Gross leasable area ("GLA")

(1)	This property was acquired from a joint venture in which the Company had a 45% noncontrolling interest.  The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a gain of $22.7 million, before income tax, from the fair value adjustment associated with the Company’s original ownership due to a change in control, which is reflected in the purchase price above in Other.
(2)	This property was acquired from a joint venture in which the Company had a 19% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
(3)	The Company acquired the remaining 80% interest in an operating property from an unconsolidated joint venture in which the Company had a 20% noncontrolling interest.  The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a gain of $0.5 million from the fair value adjustment associated with the Company’s original ownership due to a change in control, which is reflected in the purchase price above in Other.
(4)	The acquisition of this property included the issuance of $5.2 million of redeemable units, which are redeemable at the option of the holder after one year and earn a yield of 6% per annum, which is included in the purchase price above in Other. In connection with this transaction, the Company provided the sellers a $5.2 million loan at a rate of 6.5%, which is secured by the redeemable units.
(5)	This property was acquired from a joint venture in which the Company has a 15% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
(6)	The Company acquired the remaining interest in a portfolio of office properties from a preferred equity investment in which the Company held a noncontrolling interest. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a change in control loss of $9.6 million from the fair value adjustment associated with the Company’s original ownership, which is reflected in the purchase price above in Other. The debt assumed in connection with this transaction of $43.3 million was repaid in April 2013.
(7)	The Company acquired an additional 49% interest in this operating property from an unconsolidated joint venture in which the Company had a 50% noncontrolling interest. As such the Company now consolidates this investment. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as a result, recognized a gain of $8.2 million from the fair value adjustment associated with the Company’s original ownership due to a change in control, which is reflected in the purchase price above in Other.

The aggregate purchase price of the properties acquired during the nine months ended September 30, 2013 has been allocated as follows (in thousands):

Land	$	136,969
Buildings		244,194
Above Market Rents		10,787
Below Market Rents		(15,075	)
In-Place Leases		21,532
Building Improvements		65,274
Tenant Improvements		12,851
Mortgage Fair Value Adjustment		(3,884	)
Other Assets		867
Other Liabilities		(399	)
	$	473,116

During the nine months ended September 30, 2013, the Company acquired the remaining ownership interest in FNC Realty Corporation (“FNC”) of 17.3% for $20.3 million. As a result of this transaction the Company now owns 100% of FNC. The Company had previously and continues to consolidate FNC. Since there was no change in control from this transaction, the purchase of the additional interest resulted in a decrease in noncontrolling interest of $19.6 million and a decrease in the Company’s Paid-in capital of $0.7 million during 2013.

Additionally, during the nine months ended September 30, 2013, the Company acquired the remaining interest in three previously consolidated joint ventures for $6.5 million. The Company continues to consolidate these entities as there was no change in control from these transactions. The purchase of the remaining partnership interests resulted in an aggregate decrease in noncontrolling interest of $0.4 million and an aggregate decrease of $4.8 million, after income taxes, to the Company’s Paid-in capital, during the nine months ended September 30, 2013.

11

Dispositions –

During the nine months ended September 30, 2013, the Company disposed of 22 operating properties and three out-parcels in separate transactions, for an aggregate sales price of $153.3 million. These transactions, which are included in Discontinued Operations, resulted in an aggregate gain of $9.5 million and impairment charges of $31.7 million, after income taxes.

Additionally, during the nine months ended September 30, 2013, the Company sold four properties in its Mexico portfolio for an aggregate sales price of 84.0 million. These transactions, which are included in Discontinued Operations, resulted in an aggregate gain of $18.3 million, after income taxes, and impairment charges of $6.0 million.

Impairment Charges -

During the nine months ended September 30, 2013, the Company recognized aggregate impairment charges of $109.0 million, which are included in Impairment charges under Operating expenses on the Company’s Condensed Consolidated Statements of Income, as follows (in millions):

Mexico operating properties (1)	$	66.9
Land parcels (2)		17.4
Operating properties (2)		10.5
Cost method investment (3)		10.0
Preferred equity investment (4)		3.2
Joint venture investments (2)		1.0
Total	$	109.0

(1) Impairments resulted from the Company currently being in advanced negotiations to sell 27 operating properties within its Mexico portfolio. Based upon the allocation of the estimated selling prices, the Company determined that for 14 of these properties the estimated fair values are below the current carrying value. As such, the Company has recorded impairment charges of $76.7 million, after noncontrolling interests of $3.1 million ($66.9 million of which relates to eight consolidated properties and $12.9 million relates to six properties within the Company’s joint venture investments). These impairments resulted from the Company’s efforts to market certain assets within the Company’s Latin American portfolio and management’s assessment as to the likelihood and timing of such potential transactions. The above amounts are subject to change based upon finalization of contract terms, closing costs, additional cash amounts received as earn outs and fluctuations in the Mexican Peso exchange rate (see Footnote 17).

(2) Impairments are based upon purchase prices or purchase price offers. These impairments resulted from the Company’s efforts to market certain assets and management’s assessment as to the likelihood and timing of such potential transactions.

(3) The Company reviewed the underlying cause of the decline in value of this asset, as well as the severity and the duration of the decline and determined that the decline was other-than-temporary. Based upon the calculation of an estimated fair value of $5.0 million using a discounted cash flow model (see Footnote 12) impairment charges were recognized.

(4) Based upon a review of the debt maturity status and the likelihood of foreclosure of the underlying property within this preferred equity investment, the Company believes it will not recover its investment and as such recorded a full impairment of its investment.

3. Discontinued Operations

The Company reports as discontinued operations, properties held-for-sale as of the end of the current period and assets sold during the period. The results of these discontinued operations are included as a separate component of income on the Condensed Consolidated Statements of Income under the caption Discontinued operations.  This reporting has resulted in certain reclassifications of 2012 financial statement amounts.

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The components of income and expense relating to discontinued operations for the three and nine months ended September 30, 2013 and 2012 are shown below. These include the results of operations through the date of each respective sale for properties sold during 2013 and 2012 and the operations for the applicable period for those assets classified as held-for-sale as of September 30, 2013 (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Discontinued operations:
Revenues from rental property	$	6,093		$	13,941		$	21,329		$	46,587
Rental property expenses		(2,465	)		(4,630	)		(7,575	)		(17,289	)
Depreciation and amortization		(1,220	)		(2,920	)		(5,076	)		(17,317	)
Provision for doubtful accounts		(389	)		(514	)		(815	)		(1,551	)
Interest (expense)/income		-			(848	)		300			(1,997	)
Other expense, net		(65	)		(122	)		(173	)		(353	)
Income from discontinued operating properties, before income taxes		1,954			4,907			7,990			8,080
Impairment of property carrying value, net, before income taxes		(10,842	)		(3,169	)		(58,107	)		(37,414	)
Gain on disposition of operating properties, net		28,244			13,278			32,608			36,520
(Provision)/benefit for income taxes, net		(4,884	)		(1,656	)		10,993			7,061
Income/(loss) from discontinued operating properties		14,472			13,360			(6,516	)		14,247
Net (income)/loss attributable to noncontrolling interests		(11	)		814			(39	)		(1,586	)
Income/(loss )from discontinued operations attributable to the Company	$	14,461		$	14,174		$	(6,555	)	$	12,661

During the nine months ended September 30, 2013, the Company classified as held-for-sale eight operating properties, comprising 850,997 square feet of GLA.  The aggregate book value of these properties was $108.0 million, net of accumulated depreciation of $11.1 million.   The Company recognized impairment charges of $15.2 million, after income taxes, on five of these properties. The book value of the other properties did not exceed their estimated fair value, less costs to sell, and as such no impairment charges were recognized. The Company’s determination of the fair value of these properties, aggregating $93.0 million, was based upon executed contracts of sale with third parties (see Footnote 12).   In addition, the Company completed the sale of six held-for-sale operating properties during the nine months ended September 30, 2013, one of which was classified as held-for-sale during 2012 (these dispositions are included in Footnote 2 above).  At September 30, 2013, the Company had three remaining operating properties classified as held-for-sale at a carrying amount of $64.6 million, net of accumulated depreciation of $5.7 million, which are included in Other assets on the Company’s Condensed Consolidated Balance Sheets.

4. Investments and Advances in Real Estate Joint Ventures

The Company and its subsidiaries have investments in and advances to various real estate joint ventures.  These joint ventures are engaged primarily in the operation of shopping centers which are either owned or held under long-term operating leases. The Company and the joint venture partners have joint approval rights for major decisions, including those regarding property operations.  As such, the Company holds noncontrolling interests in these joint ventures and accounts for them under the equity method of accounting.  The table below presents joint venture investments for which the Company held an ownership interest at September 30, 2013 and December 31, 2012 (in millions, except number of properties):

	As of September 30, 2013											As of December 31, 2012
Venture	Average Ownership Interest			Number of Properties		GLA		Gross Real Estate		The Company's Investment		Average Ownership Interest			Number of Properties		GLA		Gross Real Estate		The Company's Investment
Prudential Investment Program (“KimPru” and “KimPru II”) (1) (2) (10)		15.0	%		60		10.6	$	2,719.4	$	179.5		15.0	%		61		10.7	$	2,744.9	$	170.1
Kimco Income Opportunity Portfolio (“KIR”) (2) (13) (15)		48.6	%		57		12.0		1,515.2		176.4		45.0	%		58		12.4		1,543.2		140.3
UBS Programs (“UBS”) (2) (7) (14)*		-	%		-		-		-		1.1		17.9	%		40		5.7		1,260.1		58.4
Kimstone (2) (14)		33.3	%		39		5.6		1,086.8		106.3		-	%		-		-		-		-
BIG Shopping Centers (2) (9)*		37.9	%		21		3.4		519.6		30.7		37.7	%		22		3.6		547.7		31.3
The Canada Pension Plan Investment Board (“CPP”) (2)		55.0	%		6		2.4		436.5		146.7		55.0	%		6		2.4		436.1		149.5
Kimco Income Fund (2)(6)		39.5	%		12		1.5		288.1		51.1		15.2	%		12		1.5		287.0		12.3
SEB Immobilien (2)		15.0	%		13		1.8		361.4		1.1		15.0	%		13		1.8		361.2		1.5
Other Institutional Programs (2) (8)	Various				56		2.1		453.2		16.9	Various				58		2.6		499.2		21.3
RioCan		50.0	%		45		9.3		1,335.5		161.8		50.0	%		45		9.3		1,379.3		111.0
Intown (3)		-			-		-		-		-		-			138	N/A			841.0		86.9
Latin America (12) (16) (17) (18)	Various				29		3.9		332.3		162.4	Various				131		18.0		1,198.1		334.2
Other Joint Venture Programs (4) (5) (11)	Various				81		12.4		1,657.0		274.2	Various				87		13.2		1,846.7		311.4
Total					419		65.0	$	10,705.0	$	1,308.2					671		81.2	$	12,944.5	$	1,428.2

*   Ownership % is a blended rate

13

The table below presents the Company’s share of net income/(loss) for the above investments which is included in the Company’s Condensed Consolidated Statements of Income in Equity in income of joint ventures, net for the nine months ended September 30, 2013 and 2012 (in millions):

	Three months ended September 30,					Nine months ended September 30,
	2013		2012				2013		2012
KimPru and KimPru II (10)	$	2.4	$	1.5			$	6.6	$	5.6
KIR (15)		9.0		5.3				23.5		17.2
UBS Programs (14)		0.2		(0.7	)			1.7		(0.3	)
Kimstone (14)		1.8		-				1.8		-
BIG Shopping Centers (9)		0.9		(0.6	)			2.3		(2.1	)
CPP		1.5		1.5				4.5		4.0
Kimco Income Fund		0.9		0.3				2.5		1.4
SEB Immobilien		0.3		0.2				0.8		0.5
Other Institutional Programs (20) (22)		0.2		0.4				1.1		4.6
RioCan (21)		7.3		6.4				20.0		24.2
Intown		-		1.5				1.4		2.4
Latin America (12) (16) (17) (18)		69.3		4.5				101.4		11.1
Other Joint Venture Programs (11) (19)		2.4		4.2				12.2		21.0
Total	$	96.2	$	24.5			$	179.8	$	89.6

(1) This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors (“PREI”), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II.

(2) The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees.

(3) The Company’s share of this investment was subject to fluctuation and dependent upon property cash flows. During June 2013, the Intown portfolio was sold for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. The Company continues to maintain its guarantee of $145.2 million of outstanding debt assumed by the buyer. The guarantee is collateralized by the buyer’s ownership interest in the portfolio. The Company is entitled to a guarantee fee, for the initial term of the loan, which is scheduled to mature in December 2015. The guarantee fee is calculated based upon the difference between LIBOR plus 1.15% and 5.0% per annum multiplied by the outstanding amount of the loan. Additionally, the Company has entered into a commitment to provide financing up to $145.2 million for five years past the date of maturity. This commitment can be in the form of extensions with the current lender, loans from a new lender or financing directly from the Company to the buyer. Due to this continued involvement, the Company deferred its gain until such time that the guarantee and commitment expire.

(4) During the nine months ended September 30, 2013, the Company amended one of its Canadian preferred equity investment agreements to restructure the investment as a pari passu joint venture in which the Company holds a noncontrolling interest. As a result of this transaction, the Company continues to account for its investment in this joint venture under the equity method of accounting and includes this investment in Investments and advances to real estate joint ventures within the Company’s Condensed Consolidated Balance Sheets.

(5) During the nine months ended September 30, 2013, two joint ventures in which the Company held noncontrolling interests sold two operating properties to the Company, in separate transactions, for an aggregate sales price of $228.8 million. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance. As such, the Company recognized an aggregate gain of $30.9 million, before income tax, from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.

(6) During the nine months ended September 30, 2013, the Company purchased an additional 24.24% interest in Kimco Income Fund for $38.3 million.

(7) During the nine months ended September 30, 2013, UBS sold an operating property to the Company for a sales price of $32.7 million, which was equal to the remaining debt balance.  The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. As such the Company recognized no gain or loss from a change in control and now consolidates this operating property.

(8) During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $14.2 million. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. As such the Company recognized a gain of $0.5 million from the fair value adjustment associated with the Company’s original ownership due to a change in control and now consolidates this operating property.

(9)	During the nine months ended September 30, 2013, BIG recognized a gain on early extinguishment of debt of $13.7 million related to a property that was foreclosed on by a third party lender. The Company’s share of this gain was $2.4 million.
(10)	During the nine months ended September 30, 2013, the Company purchased the remaining interest in an operating property for a purchase price of $15.8 million. As a result of this transaction, KimPru recognized an impairment charge of $4.0 million, of which the Company’s share was $0.6 million.
(11)	During the nine months ended September 30, 2013, a joint venture in which the Company has a noncontrolling interest sold an operating property for a sales price of $7.6 million and recognized an impairment charge of $2.0 million. The Company’s share of this impairment charge was $1.0 million.
(12)	During the nine months ended September 30, 2013, joint ventures in which the Company held noncontrolling interests sold ten operating properties located throughout Mexico for $315.5 million. These transactions resulted in an aggregate net gain to the Company of $21.8 million, after tax.
(13)	During the nine months ended September 30, 2013, the Company purchased an additional 3.57% interest in KIR for $48.4 million.
(14)	During June 2013, the Company increased its ownership interest in the UBS Programs to 33.3% and simultaneously UBS transferred its remaining 66.7% ownership interest in the UBS Programs to affiliates of Blackstone Real Estate Partners VII (“Blackstone”). Both of these transactions were based on a gross purchase price of $1.1 billion. Upon completion of these transactions, Blackstone and the Company entered into a new joint venture (Kimstone) in which the Company owns a 33.3% noncontrolling interest.

14

(15) During the nine months ended September 30, 2013, KIR sold an operating property in Cincinnati, OH for a sales price of $30.0 million and recognized a gain of $6.1 million. The Company’s share of this gain was $3.0 million.

(16) During the nine months ended September 30, 2013, the Company and its joint venture partner sold their noncontrolling ownership interest in a joint venture which held interests in 84 operating properties located throughout Mexico for $603.5 million (including debt of $301.2 million). This transaction resulted in a net gain to the Company of $78.2 million, before income taxes of $25.1 million.

(17) During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold nine operating properties located throughout Chile for net proceeds of $17.6 million. This transaction resulted in a net gain to the Company of $4.0 million.

(18) The Company is currently in advanced negotiations to sell 11 operating properties located throughout Mexico, which are held in unconsolidated joint ventures in which the Company holds noncontrolling interests. Based upon the allocation of the selling price, the Company has recorded impairment charges of $12.9 million on six of these properties. (see Footnote 2 – Impairment Charges).

(19) During the nine months ended September 30, 2012, three joint ventures in which the Company holds noncontrolling interests sold three properties, in separate transactions, for an aggregate sales price of $180.0 million.  The Company’s share of the aggregate gain related to these transactions was $8.3 million.

(20) During the nine months ended September 30, 2012, a joint venture in which the Company holds a noncontrolling interest sold two encumbered operating properties to the Company for an aggregate sales price of $75.5 million.  As a result of this transaction, the Company recognized promote income of $2.6 million. Additionally, the Company evaluated these transactions pursuant to the FASB’s Consolidation guidance. As such, the Company recognized a gain of $2.0 million from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.

(21) During the nine months ended September 30, 2012, the Company recognized income of $7.5 million, before taxes of $1.5 million, from the sale of certain air rights at one of the properties in the RioCan portfolio.

(22) During the nine months ended September 30, 2012, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $127.0 million. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a gain of $12.1 million from the fair value adjustment associated with its original ownership due to a change in control. In addition, the Company recognized promote income of $1.1 million in connection with this transaction.

The table below presents debt balances within the Company’s unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at September 30, 2013 and December 31, 2012 (dollars in millions):

	As of September 30, 2013							As of December 31, 2012
Venture	Mortgages and Notes Payable		Weighted Average Interest Rate			Weighted Average Remaining Term (months)**		Mortgages and Notes Payable		Weighted Average Interest Rate			Weighted Average Remaining Term (months)**
KimPru and KimPru II	$	924.2		5.53	%		38.0	$	1,010.2		5.54	%		44.5
KIR		893.1		5.05	%		78.2		914.6		5.22	%		78.6
UBS Programs		-		-	%		-		691.9		5.40	%		39.1
Kimstone		725.8		4.99	%		37.7		-		-	%		-
BIG Shopping Centers		406.4		5.39	%		43.2		443.8		5.52	%		45.5
CPP		139.3		5.17	%		22.0		141.5		5.19	%		31.0
Kimco Income Fund		158.8		5.45	%		11.8		161.4		5.45	%		20.7
SEB Immobilien		243.8		5.11	%		46.3		243.8		5.11	%		55.3
RioCan		770.2		4.79	%		47.0		923.2		5.16	%		41.2
Intown		-		-	%		-		614.4		4.46	%		46.1
Other Institutional Programs		273.4		5.32	%		34.1		310.5		5.24	%		39.0
Other Joint Venture Programs		1,144.9		5.47	%		61.8		1,612.2		5.70	%		57.8
Total	$	5,679.9						$	7,067.5

** Average Remaining Term includes extension options

5. Other Real Estate Investments

Preferred Equity Capital -

The Company has provided capital to owners and developers of real estate properties through its Preferred Equity program. As of September 30, 2013, the Company’s net investment under the Preferred Equity program was $246.5 million relating to 483 properties, including 391 net leased properties.  During the nine months ended September 30, 2013, the Company earned $37.9 million from its preferred equity investments, including $20.3 million in profit participation earned from nine capital transactions.  During the nine months ended September 30, 2012, the Company earned $26.0 million from its preferred equity investments, including $6.6 million in profit participation earned from 17 capital transactions.

During the nine months ended September 30, 2013, the Company amended one of its Canadian preferred equity agreements to restructure its investment, into a pari passu joint venture investment in which the Company holds a noncontrolling interest.  As a result of the amendment, the Company continues to account for this investment under the equity method of accounting and from the date of the amendment will include this investment in Investments and advances to real estate joint ventures within the Company’s Condensed Consolidated Balance Sheets.

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During the nine months ended September 30, 2013, a preferred equity investment in a portfolio of properties was acquired by the Company. As a result of this transaction, the Company now consolidates this investment. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a change in control loss of $9.6 million, from the fair value adjustment associated with the Company’s original ownership.

Other –

During the nine months ended September 30, 2013, the Company funded an aggregate $70.8 million as its participation in a transaction with Supervalu, Inc. (“SVU”) through a consortium led by Cerberus Capital Management, L.P. This investment included a contribution of $22.3 million to acquire 414 Albertsons locations from SVU through the Company’s existing joint venture in Albertsons in which the Company now holds a 13.6% noncontrolling ownership interest. The Company recorded this additional investment in Other real estate investments on the Company’s Condensed Consolidated Balance Sheets and will continue to account for its investment in this joint venture under the equity method of accounting. During the nine months ended September 30, 2013, the Company recorded $11.3 million in equity losses from operations. As such, the Company’s investment as of September 30, 2013, was $11.0 million. Also included in this aggregate funding is the Company’s contribution of $14.9 million to fund its 15% noncontrolling investment in NAI Group Holdings Inc., a C-corporation, to acquire four grocery banners (Shaw’s, Jewel-Osco, Acme and Star Market) totaling 456 locations from SVU. The Company recorded this investment in Other assets on the Company’s Condensed Consolidated Balance Sheets and will account for its investment under the cost method of accounting. Additionally, as part of this overall funding, the Company acquired 8.2 million shares of SVU common stock for $33.6 million, which is recorded in Marketable securities on the Company’s Condensed Consolidated Balance Sheets.

6. Variable Interest Entities

Consolidated Ground-Up Development Projects

Included within the Company’s ground-up development projects at September 30, 2013, are two entities that are VIEs, for which the Company is the primary beneficiary. These entities were established to develop real estate property to hold as long-term investments.  The Company’s involvement with these entities is through its majority ownership and management of the properties. These entities were deemed VIEs primarily based on the fact that the equity investment at risk is not sufficient to permit the entity to finance its activities without additional financial support. The initial equity contributed to these entities was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period. The Company determined that it was the primary beneficiary of these VIEs as a result of its controlling financial interest.  

           At September 30, 2013, total assets of these ground-up development VIEs were $85.5 million and total liabilities were $0.4 million. The classification of these assets is primarily within Real estate under development and the classification of liabilities are primarily within accounts payable and accrued expenses, which is included in Other liabilities in the Company’s Condensed Consolidated Balance Sheets.

Substantially all of the projected development costs to be funded for these ground-up development VIEs, aggregating $33.1 million, will be funded with capital contributions from the Company and by the outside partners, when contractually obligated. The Company has not provided financial support to these VIEs that it was not previously contractually required to provide.

Unconsolidated Ground-Up Development

Also included within the Company’s ground-up development projects at September 30, 2013, is an unconsolidated joint venture, which is a VIE for which the Company is not the primary beneficiary. This joint venture is primarily established to develop real estate property for long-term investment and was deemed a VIE primarily based on the fact that the equity investment at risk was not sufficient to permit the entity to finance its activities without additional financial support.  The initial equity contributed to this entity was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period.  The Company determined that it was not the primary beneficiary of this VIE based on the fact that the Company has shared control of this entity along with the entity’s partners and therefore does not have a controlling financial interest.

The Company’s investment in this VIE was $17.4 million as of September 30, 2013, which is included in Real estate under development in the Company’s Condensed Consolidated Balance Sheets. The Company’s maximum exposure to loss as a result of its involvement with this VIE is estimated to be $35.8 million, which primarily represents the Company’s current investment and estimated future funding commitments of $18.4 million.  The Company has not provided financial support to this VIE that it was not previously contractually required to provide.  All future costs of development will be funded with capital contributions from the Company and the outside partner in accordance with their respective ownership percentages.

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Unconsolidated Redevelopment Investment

Included in the Company’s joint venture investments at September 30, 2013, is one unconsolidated joint venture, which is a VIE for which the Company is not the primary beneficiary. This joint venture was primarily established to develop real estate property for long-term investment and was deemed a VIE primarily based on the fact that the equity investment at risk was not sufficient to permit the entity to finance its activities without additional financial support. The initial equity contributed to this entity was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period. The Company determined that it was not the primary beneficiary of this VIE based on the fact that the Company has shared control of this entity along with the entity’s partners and therefore does not have a controlling financial interest.

As of September 30, 2013, the Company’s investment in this VIE was a negative $11.2 million, due to the fact that the Company had a remaining capital commitment obligation, which is included in Other liabilities in the Company’s Condensed Consolidated Balance Sheets. The Company’s maximum exposure to loss as a result of its involvement with this VIE is estimated to be $11.2 million, which is the remaining capital commitment obligation. The Company has not provided financial support to this VIE that it was not previously contractually required to provide. All future costs of development will be funded with capital contributions from the Company and the outside partner in accordance with their respective ownership percentages.

7. Mortgages and Other Financing Receivables:

The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. The Company reviews payment status to identify performing versus non-performing loans. Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may be unable to meet interest payments as they become due. Generally, loans 90 days or more past due are placed on non-accrual status unless there is sufficient collateral to assure collectability of principal and interest. Upon the designation of non-accrual status, all unpaid accrued interest is reserved against through current income. Interest income on non-performing loans is generally recognized on a cash basis. The following table presents performing and non-performing loans as of September 30, 2013 (in thousands):

	Number of Loans		Amount
Performing Loans		23	$	45,708
Non-Performing Loans		-		-
Total		23	$	45,708

During the nine months ended September 30, 2013, the Company foreclosed on two non-performing loans, in separate transactions, for an aggregate $25.6 million. As such, the Company acquired 59.24 acres of undeveloped land located in Westbrook, Maine and 427 acres of undeveloped land located in Brantford, Ontario, which was the collateral under each of the respective loans. The carrying values of the mortgage receivables did not exceed the fair values of the underlying collateral upon foreclosure.

8. Marketable Securities and Other Investments

At September 30, 2013, the Company’s investment in marketable securities was $88.7 million which includes an aggregate unrealized gain of $43.1 million relating to marketable equity security investments.

During the nine months ended September 30, 2013, the Company received $10.8 million in proceeds from the sale of certain marketable equity securities. In connection with this transaction, the Company recognized a gain of $5.3 million, which is recorded in Interest, dividends and other investment income on the Company’s Condensed Consolidated Statements of Income.

9. Notes Payable

During March 2013, the Company entered into a new five year 1.0 billion Mexican peso (“MXN”) term loan which matures in March 2018. This term loan bears interest at a rate equal to TIIE (Equilibrium Interbank Interest Rate) plus 1.35% (5.65% as of September 30, 2013). The Company has the option to swap this rate to a fixed rate at any time during the term of the loan.  The Company used these proceeds to repay its 1.0 billion MXN term loan, which matured in March 2013 and bore interest at a fixed rate of 8.58%.  As of September 30, 2013, the outstanding balance on this new term loan was MXN 1.0 billion (USD $76.9 million). 

During May 2013, the Company issued $350.0 million of 10-year Senior Unsecured Notes at an interest rate of 3.125% payable semi-annually in arrears which are scheduled to mature in June 2023. Net proceeds from the issuance were $344.7 million, after related transaction costs of $0.5 million. The proceeds from this issuance were used for general corporate purposes including the partial reduction of borrowings under the Company’s revolving credit facility and the repayment of $75.0 million senior unsecured notes which matured in June 2013.

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During July 2013, a wholly-owned subsidiary of the Company issued $200.0 million Canadian denominated (“CAD”) Series 4 unsecured notes on a private placement basis in Canada. The notes bear interest at 3.855% and are scheduled to mature on August 4, 2020. Proceeds from the notes were used to repay the Company’s CAD $200.0 million 5.180% unsecured notes, which matured on August 16, 2013.

During the nine months ended September 30, 2013, the Company also repaid (i) its $100.0 million 6.125% senior unsecured notes, which matured in January 2013 and (ii) its $75.0 million 4.70% senior unsecured notes, which matured in June 2013. Subsequently, during October 2013, the Company repaid its $100.0 million 5.190% senior unsecured notes which matured on October 1, 2013.

10. Mortgages Payable

During the nine months ended September 30, 2013, the Company (i) assumed $243.3 million of individual non-recourse mortgage debt relating to the acquisition of seven operating properties, including an increase of $3.9 million associated with fair value debt adjustments (ii) obtained $36.0 million of individual non-recourse mortgage debt relating to three operating properties and (iii) paid off $132.5 million of mortgage debt that encumbered nine properties.

11. Noncontrolling Interests

Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates as a result of having a controlling financial interest in accordance with the provisions of the FASB’s Consolidation guidance.  The Company identifies its noncontrolling interests separately within the equity section on the Company’s Condensed Consolidated Balance Sheets. Noncontrolling interests also includes amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions.  Partnership units which are determined to be mandatorily redeemable under the FASB’s Distinguishing Liabilities from Equity guidance are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholder’s equity on the Company’s Condensed Consolidated Balance Sheets. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented on the Company’s Condensed Consolidated Statements of Income.

The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the nine months ended September 30, 2013 and September 30, 2012 (amounts in thousands):

	2013			2012
Balance at January 1,	$	81,076		$	95,074
Issuance of redeemable units		5,223			-
Fair market value adjustment, net		(484	)		-
Other		88			(15	)
Balance at September 30,	$	85,903		$	95,059

12. Fair Value Measurements

All financial instruments of the Company are reflected in the accompanying Condensed Consolidated Balance Sheets at amounts which, in management’s estimation based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values except those listed below, for which fair values are disclosed.  The valuation method used to estimate fair value for fixed-rate and variable-rate debt is based on discounted cash flow analyses, with assumptions that include credit spreads, market yield curves, trading activity, loan amounts and debt maturities.  The fair values for marketable securities are based on published values, securities dealers’ estimated market values or comparable market sales.  Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition.

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 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy).

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The following are financial instruments for which the Company’s estimate of fair value differs from the carrying amounts (in thousands):

	September 30, 2013				December 31, 2012
	Carrying Amounts		Estimated Fair Value		Carrying Amounts		Estimated Fair Value
Marketable securities (1)	$	88,656	$	88,939	$	36,541	$	36,825
Notes payable (2)	$	3,254,881	$	3,430,921	$	3,192,127	$	3,408,632
Mortgages payable (3)	$	1,125,771	$	1,181,135	$	1,003,190	$	1,068,616

(1) As of September 30, 2013 and December 31, 2012, the Company determined that $85.6 million and $33.4 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $3.3 million and $3.4 million, respectively, were classified within Level 3 of the fair value hierarchy.

(2) The Company determined that its valuation of Notes payable was classified within Level 2 of the fair value hierarchy. 

(3) The Company determined that its valuation of Mortgages payable was classified within Level 3 of the fair value hierarchy. 

The Company has certain financial instruments that must be measured under the FASB’s Fair Value Measurements and Disclosures guidance, including available for sale securities. The Company currently does not have non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis.

The table below presents the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):

	Balance at September 30, 2013		Level 1		Level 2		Level 3
Marketable equity securities	$	85,640	$	85,640	$	-	$	-

	Balance at December 31, 2012		Level 1		Level 2		Level 3
Marketable equity securities	$	33,428	$	33,428	$	-	$	-

 Assets measured at fair value on a non-recurring basis at September 30, 2013 and December 31, 2012, are as follows (in thousands):

	Balance at September 30, 2013		Level 1		Level 2		Level 3
Real estate	$	302,702	$	-	$	-	$	302,702
Joint venture investments	$	1,395	$	-	$	-	$	1,395
Cost method investment	$	4,992	$	-	$	-	$	4,992

	Balance at December 31, 2012		Level 1		Level 2		Level 3
Real estate	$	52,505	$	-	$	-	$	52,505

During the nine months ended September 30, 2013, the Company recognized impairment charges of $167.2 million ($58.1 million, before income taxes is included in discontinued operations) of which $153.0 million related to adjustments to property carrying values, $10.0 million related to a cost method investment, $1.0 million related to certain joint venture investments and $3.2 million related to a preferred equity investment. During the nine months ended September 30, 2012, the Company recognized impairment charges of $37.7 million ($37.4 million, before income taxes,  of which is included in discontinued operations) relating to adjustments to property carrying values. The Company’s estimated fair values relating to these assets were primarily based upon (i) estimated sales prices from third party offers relating to property carrying values and joint venture investments and (ii) a discounted cash flow model relating to the Company’s cost method investment. The Company does not have access to the unobservable inputs used by the third parties to determine these estimated fair values.  The discounted cash flows model includes all estimated cash inflows and outflows over a specified holding period. These cash flows were comprised of unobservable inputs which include forecasted revenues and expenses based upon market conditions and expectations for growth. The capitalization rate of 6.0% and discount rate of 9.5% which were utilized in this model were based upon observable rates that the Company believes to be within a reasonable range of current market rates for the respective investments. Based on these inputs the Company determined that its valuation of these investments was classified within Level 3 of the fair value hierarchy.

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13. Preferred Stock

The Company’s outstanding Preferred Stock is detailed below (in thousands, except share information and par values):

As of September 30, 2013 and December 31, 2012
Series of Preferred Stock	Shares Authorized		Shares Issued and Outstanding		Liquidation Preference		Dividend Rate			Annual Dividend per Depositary Share		Par Value
Series H		70,000		70,000	$	175,000		6.90	%	$	1.72500	$	1.00
Series I		18,400		16,000		400,000		6.00	%	$	1.50000	$	1.00
Series J		9,000		9,000		225,000		5.50	%	$	1.37500	$	1.00
Series K		8,050		7,000		175,000		5.625	%	$	1.40625	$	1.00
		105,450		102,000	$	975,000

14. Supplemental Schedule of Non-Cash Investing / Financing Activities

The following schedule summarizes the non-cash investing and financing activities of the Company for the nine months ended September 30, 2013 and 2012 (in thousands):

	2013			2012
Acquisition of real estate interests by assumption of mortgage debt	$	36,716		$	159,198
Acquisition of real estate interests by issuance of redeemable units	$	3,985		$	-
Acquisition of real estate interests through mortgage receivable foreclosure	$	24,322			-
Issuance of restricted common stock	$	9,213		$	18,066
Surrender of restricted common stock	$	(3,851	)	$	(2,073	)
Disposition of real estate interests by assignment of debt	$	-		$	13,655
Disposition of real estate through the issuance of an unsecured obligation	$	3,513		$	1,750
Declaration of dividends paid in succeeding period	$	98,334		$	94,856
Consolidation of Joint Ventures:
Increase in real estate and other assets	$	228,200		$	-
Increase in mortgages payable	$	206,489		$	-

15. Incentive Plans

The Company maintains two equity participation plans, the Second Amended and Restated 1998 Equity Participation Plan (the “Prior Plan”) and the 2010 Equity Participation Plan (the “2010 Plan”) (collectively, the “Plans”).  The Prior Plan provides for a maximum of 47,000,000 shares of the Company’s common stock to be issued for qualified and non-qualified stock options and restricted stock grants.  Effective May 1, 2012, the 2010 Plan provides for a maximum of 10,000,000 shares of the Company’s common stock to be issued for qualified and non-qualified stock options and other awards, plus the number of shares of common stock which are or become available for issuance under the Prior Plan and which are not thereafter issued under the Prior Plan, subject to certain conditions.  Unless otherwise determined by the Board of Directors at its sole discretion, stock options granted under the Plans generally vest ratably over a range of three to five years, expire ten years from the date of grant and are exercisable at the market price on the date of grant.  Restricted stock grants generally vest (i) 100% on the fourth or fifth anniversary of the grant, (ii) ratably over three or four years, (iii) over three years, at 50% after two years and 50% after the third year or (iv) over ten years at 20% per year commencing after the fifth year.  Performance share awards may provide a right to receive shares of restricted stock based on the Company’s performance relative to its peers, as defined, or based on other performance criteria as determined by the Board of Directors.  In addition, the Plans provide for the granting of certain stock options and restricted stock to each of the Company’s non-employee directors (the “Independent Directors”) and permits such Independent Directors to elect to receive deferred stock awards in lieu of directors’ fees.

The Company recognized expenses associated with its equity awards of $15.1 million for both the nine months ended September 30, 2013 and 2012.  As of September 30, 2013, the Company had $33.0 million of total unrecognized compensation cost related to unvested stock compensation granted under the Plans.  That cost is expected to be recognized over a weighted average period of approximately 3.6 years.

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16. Taxable REIT Subsidiaries (“TRS”)

The Company is subject to federal, state and local income taxes on the income from its TRS activities, which include wholly owned subsidiaries of the Company, Kimco Realty Services ("KRS"), which due to a merger on April 1, 2013 includes FNC Realty Corporation (“FNC”), and the consolidated entity Blue Ridge Real Estate Company/Big Boulder Corporation.  On April 2, 2013, the Company contributed its interest in FNC to KRS and KRS acquired all of the outstanding stock of FNC in a reverse cash merger. The Company is also subject to local non-U.S. taxes on certain investments located outside the U.S.

Income taxes have been provided for on the asset and liability method as required by the FASB’s Income Taxes guidance.  Under the asset and liability method, deferred income taxes are recognized for the temporary differences between the financial reporting basis and the tax basis of the taxable assets and liabilities.

The Company’s deferred tax assets and liabilities, which are included in the caption Other assets and Other liabilities on the accompanying Condensed Consolidated Balance Sheets, at September 30, 2013 and December 31, 2012, were as follows (in thousands):

	September 30, 2013			December 31, 2012
Deferred tax assets:
Tax/GAAP basis differences	$	53,231		$	68,623
Net operating losses		75,924			43,483
Related party deferred loss		6,214			6,214
Tax credit carryforwards		3,773			3,815
Capital loss carryforwards		-			647
Charitable contribution carryforward		-			3
Non-U.S. tax/GAAP basis differences		56,991			62,548
Valuation allowance – U.S.		(25,045	)		(33,783	)
Valuation allowance – Non-U.S.		(33,755	)		(38,129	)
Total deferred tax assets		137,333			113,421
Deferred tax liabilities – U.S.		(19,057	)		(9,933	)
Deferred tax liabilities – Non-U.S.		(9,453	)		(13,263	)
Net deferred tax assets	$	108,823		$	90,225

As of September 30, 2013, the Company had net deferred tax assets of $108.8 million comprised of (i) $95.0 million primarily related to KRS (including $19.7 million related to FNC) and (ii) $13.8 million related to its foreign investments. During the nine months ended September 30, 2013, the Company determined that a reduction of $8.7 million of the valuation allowance against FNC’s deferred tax assets was deemed appropriate based on expected future taxable income. In addition, the Company determined that no additional valuation allowance was needed against the remaining net deferred tax asset as future earnings are anticipated to be sufficient to more likely than not realize its net deferred tax asset. The Company based its determination on an analysis of both positive and negative evidence. If future income projections do not occur as forecasted and future taxable earnings are insufficient, the Company will reevaluate the need for an additional valuation allowance.

Uncertain Tax Positions:

The Company is subject to income tax in certain jurisdictions outside the U.S., principally Canada and Mexico.  The statute of limitations on assessment of tax varies from three to seven years depending on the jurisdiction and tax issue. Tax returns filed in each jurisdiction are subject to examination by local tax authorities.  The Company is currently under audit by the Canadian Revenue Agency, Mexican Tax Authority and the U.S. Internal Revenue Service (“IRS”).  In October 2011, the IRS issued a notice of proposed adjustment, which proposes pursuant to Section 482 of the Code, to disallow a capital loss claimed by KRS on the disposition of common shares of Valad Property Ltd., an Australian publicly listed company.  Because the adjustment is being made pursuant to Section 482 of the Code, the IRS may assert a 100 percent “penalty” tax pursuant to Section 857(b)(7) of the Code in lieu of disallowing the capital loss deduction. The notice of proposed adjustment indicates the IRS’ intention to impose the 100 percent penalty tax on the Company in the amount of $40.9 million and disallowing the capital loss claimed by KRS.  The Company strongly disagrees with the IRS’ position on the application of Section 482 of the Code to the disposition of the shares, the imposition of the 100 percent penalty tax and the simultaneous assertion of the penalty tax and disallowance of the capital loss deduction. The Company received a Notice of Proposed Assessment and filed a written protest and requested an IRS Appeals Office conference, which has yet to be scheduled.  The Company intends to vigorously defend its position in this matter and believes it will prevail. Resolutions of the above mentioned audits in the U.S., Canada and Mexico are not expected to have a material effect on the Company’s financial statements.

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17. Accumulated Other Comprehensive Income (“AOCI”)

The following table displays the change in the components of accumulated other comprehensive income for the nine months ended September 30, 2013:

	Foreign Currency Translation Adjustments			Unrealized Gains on Available-for-Sale Investments			Total
Balance as of December 31, 2012	$	(85,404	)	$	19,222		$	(66,182	)
Other comprehensive income before reclassifications		(1,834	)		31,082			29,248
Amounts reclassified from AOCI (1)		-			(7,194	)		(7,194	)
Net current-period other comprehensive income		(1,834	)		23,888			22,054
Balance as of September 30, 2013	$	(87,238	)	$	43,110		$	(44,128	)

(1) Amounts were reclassified to Interest, dividends and other investment income on the Company’s Condensed Consolidated Statements of Income.

At September 30, 2013, the Company had a net $87.2 million, after noncontrolling interests of $7.3 million, of unrealized cumulative translation adjustment (“CTA”) losses relating to its investments in foreign entities. The CTA is comprised of $25.9 million of unrealized gains relating to its Canadian investments and $113.1 million of unrealized losses relating to its Latin American investments. CTA results from currency fluctuations between local currency and the U.S. dollar during the period in which the Company held its investment. CTA amounts are subject to future changes resulting from ongoing fluctuations in the respective foreign currency exchange rates. Under U.S. GAAP, the Company is required to release CTA balances into earnings when the Company has substantially liquidated its investment in a foreign entity. During 2013, the Company began selling properties within its Latin American portfolio. The Company may, in the near term, substantially liquidate all of its investments in this portfolio which will require the then unrealized loss on foreign currency translation to be recognized as a charge against earnings.

18. Pro Forma Financial Information

As discussed in Note 2, the Company and certain of its affiliates acquired and disposed of interests in certain operating properties during the nine months ended September 30, 2013. The pro forma financial information set forth below is based upon the Company’s historical Condensed Consolidated Statements of Income for the nine months ended September 30, 2013 and 2012, adjusted to give effect to these transactions at the beginning of 2012.

The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of each year, nor does it purport to represent the results of future operations (amounts presented in millions, except per share figures). 

	Nine Months Ended September 30,
	2013		2012
Revenues from rental property	$	696.8	$	663.7
Net income	$	186.0	$	179.5
Net income available to the Company’s common shareholders	$	136.7		104.3
Net income available to the Company’s common shareholders per common share:
Basic	$	0.34	$	0.26
Diluted	$	0.33	$	0.26

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Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

This Quarterly Report on Form 10-Q, together with other statements and information publicly disseminated by the Company contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions.  Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and could materially affect actual results, performances or achievements.  Factors which may cause actual results to differ materially from current expectations include, but are not limited to (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms for the Company, (iv) the Company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates, (vii) risks related to our international operations, (viii) the availability of suitable acquisition and disposition opportunities, (ix) valuation and risks related to our joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the Company’s common stock, (xiii) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity and the risk factors discussed in Part II, Item 1A. included in this Form 10-Q and in our Annual Report on Form 10-K for the year ended December 31, 2012, accordingly, there is no assurance that the Company’s expectations will be realized.

The following discussion should be read in conjunction with the accompanying Condensed Consolidated Financial Statements and Notes thereto.  These unaudited financial statements include all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature.

Executive Summary

Kimco Realty Corporation is one of the nation’s largest publicly-traded owners and operators of neighborhood and community shopping centers.  As of September 30, 2013, the Company had interests in 855 shopping center properties (the “Combined Shopping Center Portfolio”) aggregating 125.2 million square feet of gross leasable area (“GLA”) and 583 other property interests, primarily through the Company’s preferred equity investments, other real estate investments and non-retail properties, totaling 13.7 million square feet of GLA, for a grand total of 1,438 properties aggregating 138.9 million square feet of GLA, located in 43 states, Puerto Rico, Canada, Mexico, Chile, Brazil and Peru.

The executive officers are engaged in the day-to-day management and operation of real estate exclusively with the Company, with nearly all operating functions, including leasing, asset management, maintenance, construction, legal, finance and accounting, administered by the Company.

The Company’s vision is to be the premier owner and operator of shopping centers with its core business operations focusing on owning and operating neighborhood and community shopping centers through investments in North America.  This vision has entailed a shift away from non-retail assets that the Company currently holds. These investments include non-retail preferred equity investments, marketable securities, mortgages on non-retail properties and several urban mixed-use properties.  The Company has been actively selling its non-retail assets and investments. As of September 30, 2013, these investments had a book value of $149.4 million, which represents less than 1.3% of the Company’s total assets, before depreciation. In addition, the Company has an active capital recycling program of selling retail assets deemed non-strategic. If the Company accepts sales prices for these non-retail and/or non-strategic assets that are less than their net carrying values, the Company would be required to take impairment charges. In order to execute the Company’s vision, the Company’s strategy is to continue to strengthen its balance sheet by pursuing deleveraging efforts over time, providing it the necessary flexibility to invest opportunistically and selectively, primarily focusing on neighborhood and community shopping centers.  In addition, the Company has an institutional management business with domestic and foreign institutional partners for the purpose of investing in neighborhood and community shopping centers.

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Results of Operations

Comparison of the three months ended September 30, 2013 to 2012

	Three Months Ended September 30, (amounts in millions)
	2013		2012		Increase			% change
Revenues from rental property (1)	$	232.1	$	213.9	$	18.2			8.5	%
Rental property expenses: (2)
Rent	$	3.3	$	3.3	$	-			-	%
Real estate taxes		30.9		28.8		2.1			7.3	%
Operating and maintenance		27.5		25.3		2.2			8.7	%
	$	61.7	$	57.4	$	4.3			7.5	%
Depreciation and amortization (3)	$	63.2	$	63.9	$	(0.7	)		(1.1	)%

Comparison of the nine months ended September 30, 2013 to 2012

	Nine Months Ended September 30, (amounts in millions)
	2013		2012		Increase		% change
Revenues from rental property (1)	$	689.7	$	637.4	$	52.3		8.2	%
Rental property expenses: (2)
Rent	$	10.0	$	9.5	$	0.5		5.3	%
Real estate taxes		88.8		84.1		4.7		5.6	%
Operating and maintenance		84.6		76.0		8.6		11.3	%
	$	183.4	$	169.6	$	13.8		8.1	%
Depreciation and amortization (3)	$	186.3	$	180.6	$	5.7		3.2	%

(1) Revenues from rental property increased primarily from the combined effect of (i) the acquisition of operating properties during 2013, and 2012, providing incremental revenues for the three and nine months ended September 30, 2013 of $10.8 million and $36.5 million, respectively, as compared to the corresponding periods in 2012, (ii) an overall increase in the consolidated shopping center portfolio occupancy to 93.6% at September 30, 2013, as compared to 92.7% at September 30, 2012, the completion of certain development and redevelopment projects, tenant buyouts and net growth in the current portfolio, providing incremental revenues for the three and nine months ended September 30, 2013 of $6.0 million and $10.8 million, respectively, as compared to the corresponding periods in 2012, and (iii) an increase in revenues relating to the Company’s Latin America portfolio of $1.4 million and $5.0 million, respectively, for the three and nine months ended September 30, 2013, as compared to the corresponding periods in 2012.

(2) Rental property expenses include (i) rent expense relating to ground lease payments for which the Company is the lessee; (ii) real estate tax expense for consolidated properties for which the Company has a controlling ownership interest and (iii) operating and maintenance expense, which consists of property related costs including repairs and maintenance costs, roof repair, landscaping, parking lot repair, snow removal, utilities, property insurance costs, security and various other property related expenses.  Rental property expenses increased for the three months ended September 30, 2013, as compared to the corresponding period in 2012, primarily due to (i) an increase in real estate taxes of $2.1 million, (ii) an increase in repairs and maintenance costs of $2.5 million, (iii) an increase in property services of $1.5 million and (iv) an increase in utilities expense of $0.8 million, primarily due to acquisitions of properties during 2013 and 2012, partially offset by (v) a decrease in insurance expense of $2.7 million due to a decrease in insurance claims. Rental property expenses increased for the nine months ended September 30, 2013, as compared to the corresponding period in 2012, primarily due to (i) an increase in real estate taxes of $4.7 million, (ii) an increase in repairs and maintenance costs of $5.6 million, (iii) an increase in snow removal costs of $2.1 million, (iv) an increase in property services of $1.9 million and (v) an increase in utilities expense of $1.3 million, primarily due to acquisitions of properties during 2013 and 2012, partially offset by (vi) a decrease in insurance expense of $2.1 million due to a decrease in insurance claims.

(3) Depreciation and amortization increased for the nine months ended September 30, 2013, as compared to the corresponding period in 2012, primarily due to (i) operating property acquisitions during 2013 and 2012 and (ii) expensing of unamortized tenant costs related to tenant vacancies prior to their lease expiration, partially offset by (iii) certain operating property dispositions during 2013 and 2012.

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During the nine months ended September 30, 2013, the Company recognized impairment charges of $167.2 million ($58.1 million, before income taxes, is included in discontinued operations) of which $153.0 million related to adjustments to property carrying values, $10.0 million related to a cost method investment, $1.0 million related to certain joint venture investments and $3.2 million related to a preferred equity investment. During the nine months ended September 30, 2012, the Company recognized impairment charges of $37.7 million ($37.4 million, before income taxes, of which is included in discontinued operations) related to adjustments to property carrying values. The Company’s estimated fair values for these assets were primarily based upon (i) estimated sales prices from third party offers relating to property carrying values and joint venture investments and (ii) a discounted cash flow model relating to the Company’s cost method investment. The Company does not have access to the unobservable inputs used by the third parties to determine these estimated fair values.  The discounted cash flows model includes all estimated cash inflows and outflows over a specified holding period. These cash flows were comprised of unobservable inputs which include forecasted revenues and expenses based upon market conditions and expectations for growth. The capitalization rate of 6.0% and discount rate of 9.5% which were utilized in this model were based upon observable rates that the Company believes to be within a reasonable range of current market rates for the respective investments. Based on these inputs the Company determined that its valuation of these investments was classified within Level 3 of the fair value hierarchy. The property carrying value impairment charges resulted from the Company’s efforts to market certain assets and management’s assessment as to the likelihood and timing of such potential transactions.

Mortgage financing income decreased $2.8 million to $3.3 million for the nine months ended September 30, 2013, as compared to $6.1 million for the corresponding period in 2012. This decrease is primarily due to a decrease in interest income resulting from the repayment of certain mortgage receivables during 2013 and 2012.

Interest, dividends and other investment income increased $8.6 million for the nine months ended September 30, 2013, as compared to the corresponding period in 2012. This increase is primarily due to an increase in realized gains of $5.3 million resulting from the sale of certain marketable securities during 2013 and an increase in cash distributions received in excess of basis related to cost method investments of $2.8 million for the nine months ended September 30, 2013, as compared to the corresponding period in 2012.

Other income/(expense), net changed $6.0 million to $2.9 million of income for the three months ended September 30, 2013, as compared to $3.1 million of expense for the three months ended September 30, 2012. This change is primarily due to an increase in gains on land sales of $5.5 million for the three months ended September 30, 2013, as compared to the corresponding period in 2012. Additionally, Other income/(expense), net changed $3.0 million to $3.1 million of expense for the nine months ended September 30, 2013, as compared to $6.1 million of expense for the nine months ended September 30, 2012. This change is primarily due to (i) increases in gains on land sales of $2.4 million for nine months ended September 30, 2013, as compared to the corresponding period in 2012 and (ii) a decrease in acquisition related costs of $2.4 million, partially offset by (iii) a increase in other corporate expenses of $0.9 million for the nine months ended September 30, 2013, as compared to the corresponding period in 2012 and (iv) an increase in franchise tax expense for the nine months ended September 30, 2013, as compared to the corresponding period in 2012.

Interest expense decreased $2.5 million and $7.6 million for the three and nine months ended September 30, 2013, as compared to the corresponding periods in 2012.  This decrease is primarily related to lower interest rates on borrowings during the three and nine months ended September 30, 2013, as compared to the corresponding periods in 2012.

Provision for income taxes increased $18.7 million to $24.2 million for the three months ended September 30, 2013, as compared to $5.5 million for the corresponding period in 2012. This change is primarily due to (i) an increase in foreign tax expense of $21.7 million primarily relating from the sale of the Company’s unconsolidated joint venture interest in a portfolio of 84 operating properties in Mexico and (ii) a tax provision of $2.5 million resulting from incremental earnings due to increased profitability from properties within the Company’s taxable REIT subsidiaries, partially offset by (iii) an increase in tax benefit of $4.5 million relating to a decrease in equity in income recognized in connection with the Albertson’s investment and (iv) an increase in income tax benefit of $1.1 million related to impairments taken during the three months ended September 30, 2013, as compared to the corresponding period in 2012.

Provision for income taxes increased $14.5 million to $28.1 million for the nine months ended September 30, 2013, as compared to $13.6 million for the corresponding period in 2012. This change is primarily due to (i) an increase in foreign taxes of $22.9 million primarily relating to the sale of the Company’s unconsolidated joint venture interest in a portfolio of 84 operating properties in Mexico, (ii) an increase in income tax expense of $9.1 million relating to a change in control gain resulting from the purchase of a partner’s noncontrolling interest in an unconsolidated joint venture, (iii) a tax provision of $4.2 million resulting from incremental earnings due to increased profitability from properties within the Company’s taxable REIT subsidiaries, partially offset by (iv) a partial release of the deferred tax valuation allowance of $8.7 million related to FNC based on the Company’s estimated future earnings of FNC, (v) an increase in income tax benefit of $7.8 million related to impairments taken during the nine months ended September 30, 2013, as compared to the corresponding period in 2012 and (vi) an increase in tax benefit of $4.5 million relating to a decrease in equity in income recognized in connection with the Albertson’s investment.

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Equity in income of joint ventures, net increased $71.7 million for the three months ended September 30, 2013, as compared to the corresponding period in 2012. This increase is primarily the result of (i) an increase in gains of $82.1 million, resulting from the sale of properties within various joint venture investments, primarily located in Mexico, during the three months ended September 30, 2013, as compared to the corresponding period in 2012, partially offset by (ii) an increase in impairment charges of $11.9 million recognized against certain joint venture investment properties primarily located in Mexico taken during the three months ended 2013, as compared to the corresponding period in 2012 and (iii) a decrease in equity in income of $1.5 million from the Company’s InTown Suites investment during the three months ended 2013, as compared to the corresponding period in 2012, resulting from the sale of this investment in 2013.

Equity in income of joint ventures, net increased $90.2 million for the nine months ended September 30, 2013, as compared to the corresponding period in 2012. This increase is primarily the result of (i) an increase in gains of $103.0 million resulting from the sale of properties within various joint venture investments, primarily located in Mexico during 2013 as compared to 2012, (ii) an increase in equity in income from three joint ventures of $2.6 million due to the Company’s increase in ownership percentage and (iii) incremental earnings due to increased profitability from properties within the Company’s joint venture program, partially offset by (iv) an increase in impairment charges of $12.0 million recognized against certain joint venture investment properties primarily located in Mexico taken during the nine months ended 2013, as compared to the corresponding period in 2012, (v) the recognition of $7.5 million in income on the sale of certain air rights at a property within one of the Company’s joint venture investments in Canada during 2012 and (vi) a decrease in equity in income of $1.0 million from the Company’s InTown Suites investment during the nine months ended 2013, as compared to the corresponding period in 2012, resulting from the sale of this investment in 2013.

During June 2013, the Company sold its unconsolidated investment in the InTown portfolio for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. The Company continues to maintain its guarantee of $145.2 million of outstanding debt assumed by the buyer. The guarantee is collateralized by the buyer’s ownership interest in the portfolio. The Company is entitled to a guarantee fee, for the initial term of the loan, which is scheduled to mature in December 2015. The guarantee fee is calculated based upon the difference between LIBOR plus 1.15% and 5.0% per annum multiplied by the outstanding amount of the loan. Additionally, the Company has entered into a commitment to provide financing up to $145.2 million for five years past the date of maturity. This commitment can be in the form of extensions with the current lender or a new lender or financing directly from the Company to the buyer. Due to this continued involvement, the Company deferred its gain until such time that the guarantee and commitment expire.

During the nine months ended September 30, 2013, the Company acquired four properties from joint ventures in which the Company had noncontrolling interests.  The Company recorded an aggregate net gain on change in control of interests of $21.7 million related to the fair value adjustment associated with its original ownership of these properties.

During the nine months ended September 30, 2012, the Company acquired three properties from a joint venture in which the Company had a noncontrolling interest.  The Company recorded an aggregate gain on change in control of interests of $14.2 million related to the fair value adjustment associated with its original ownership of these properties.

Equity in income from other real estate investments, net decreased $5.4 million to $29.9 million for the nine months ended September 30, 2013, as compared to $35.3 million for the corresponding period in 2012. This decrease is primarily due to (i) a decrease of $18.3 million in equity in income from the Albertson’s joint venture primarily resulting from increased operational losses during the nine months ended September 30, 2013, as compared to the corresponding period in 2012, partially offset by (ii) an increase of $12.0 million in earnings from the Company’s Preferred Equity Program primarily resulting from the sale of the Company’s interests in certain preferred equity investments.

During the nine months ended September 30, 2013, the Company disposed of 22 operating properties and three out-parcels in separate transactions, for an aggregate sales price of $153.3 million. These transactions, which are included in Discontinued Operations, resulted in an aggregate gain of $9.5 million and impairment charges of $31.7 million, after income taxes.

Additionally, during the nine months ended September 30, 2013, the Company sold four properties in its Mexico portfolio for an aggregate sales price of $84.0 million, which resulted in an aggregate gain of $18.3 million, after income taxes, and impairment charges of $6.0 million.

During the nine months ended September 30, 2012, the Company disposed of 30 operating properties and two outparcels, in separate transactions, for an aggregate sales price of $234.0 million. These transactions, which are included in Discontinued Operations, resulted in an aggregate gain of $36.5 million and impairment charges of $14.3 million.

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During the nine months ended September 30, 2012, the Company sold an operating property to a newly formed unconsolidated joint venture in which the Company has a noncontrolling interest for a sales price of $55.5 million. This transaction resulted in a gain of $10.0 million, before income taxes, of which the Company deferred $2.0 million due to its continued involvement. This realized net gain has been recorded as Gain on sale of operating properties, net of tax in the Company’s Condensed Consolidated Statements of Income.

Net income attributable to the Company was $55.8 million and $174.7 million for the three and nine months ended September 30, 2013, respectively. Net income attributable to the Company for the three and nine months ended September 30, 2012 was $54.9 million and $177.7 million, respectively. On a diluted per share basis, net income was $0.10 and $0.32 for the three and nine months ended September 30, 2013, respectively, as compared to $0.07 and $0.28 for the three and nine months ended September 30, 2012, respectively. These changes are primarily attributable to (i) incremental earnings due to increased profitability from the Company’s operating properties and the acquisition of operating properties during 2013 and 2012, (ii) an increase in equity in income of joint ventures, net, (iii) an increase in gains on change in control of interests and (iv) an increase in interest, dividends and other investment income, partially offset by (v) an increase in tax provision relating to increased gains on sales from joint venture properties (vi) an increase in impairment charges recognized and (vii) a decrease in equity in income of other real estate investments, net. The 2012 diluted per share results were decreased by a reduction in net income available to common shareholders of $6.2 million resulting from the deduction of original issuance costs associated with the redemption of the Company’s 6.65% Class F Cumulative Redeemable Preferred Stock.

 Tenant Concentration

The Company seeks to reduce its operating and leasing risks through diversification achieved by the geographic distribution of its properties, avoiding dependence on any single property, and a large tenant base.  At September 30, 2013, the Company’s five largest tenants were TJX Companies, The Home Depot, Wal-Mart, Bed Bath & Beyond and Sears Holdings, which represented 3.0%, 2.9%, 2.4%, 1.8% and 1.7%, respectively, of the Company’s annualized base rental revenues including the proportionate share of base rental revenues from properties in which the Company has less than a 100% economic interest.

Liquidity and Capital Resources

The Company’s capital resources include accessing the public debt and equity capital markets, mortgage and construction loan financing and immediate access to an unsecured revolving credit facility with aggregate bank commitments of $1.75 billion.

The Company’s cash flow activities are summarized as follows (in millions):

	Nine Months Ended September 30,
	2013			2012
Net cash flow provided by operating activities	$	533.8		$	407.6
Net cash flow provided by/(used for) investing activities	$	70.3		$	(130.1	)
Net cash flow (used for)/provided by financing activities	$	(344.3	)	$	39.1

Operating Activities

The Company anticipates that cash on hand, borrowings under its revolving credit facility, issuance of equity and public debt, as well as other debt and equity alternatives, will provide the necessary capital required by the Company.  Net cash flow provided by operating activities for the nine months ended September 30, 2013, was primarily attributable to (i) cash flow from the diverse portfolio of rental properties, (ii) the acquisition of operating properties during 2013 and 2012, (iii) new leasing, expansion and re-tenanting of core portfolio properties and (iv) operational distributions from the Company’s joint venture programs.

Cash flows provided by operating activities for the nine months ended September 30, 2013, were $533.8 million, as compared to $407.6 million for the comparable period in 2012.  This increase of $126.2 million is primarily attributable to (i) increased operational distributions from joint ventures and other real estate investments, (ii) changes in accounts payable and accrued expenses and operating assets and liabilities due to timing of payments and (iii) higher operational income from operating properties including properties acquired during 2013 and 2012.

Investing Activities

Cash flows provided by investing activities for the nine months ended September 30, 2013, was $70.3 million, as compared to cash flows used for investing activities of $130.1 million for the comparable period in 2012. This change of $200.4 million resulted primarily from (i) an increase in reimbursements of investments and advances to real estate joint ventures of $273.8 million, (ii) a decrease in acquisition of operating real estate of $156.5 million, (iii) an increase in proceeds from the sale of marketable securities of $10.6 million, (iv) a decrease in improvements to operating real estate and real estate under development of $6.2 million, partially offset by, (v) an increase in investments and advances to real estate joint ventures of $130.4 million, (vi) an increase in investment in marketable securities of $33.6 million, (vii) a decrease in proceeds from the sale of operating properties of $29.2 million, (viii) an increase in other investments of $20.4 million, (ix) an increase in other real estate investments of $19.3 million, (x) a decrease in collection of mortgage loan receivable of $10.7 million, and (xi) a decrease in reimbursements of investments and advances to other real estate investments and other investments of $7.1 million.

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Improvements to Operating Real Estate -

During the nine months ended September 30, 2013 and 2012, the Company expended $78.5 million and $82.9 million, respectively, towards improvements to operating real estate. These amounts are made up of the following (in thousands):

	The Nine Months Ended September 30,
	2013		2012
Redevelopment/renovations	$	23,235	$	39,881
Tenant improvements/tenant allowances		45,496		32,614
Other		9,759		10,395
Total	$	78,490	$	82,890

The decrease in improvement expenditures of $4.4 million is primarily related to decreased spending in the Latin American portfolio relating to improvements during the nine months ended September 30, 2013, as compared to the corresponding period in 2012.

Additionally, during the nine months ended September 30, 2013 and 2012 the Company capitalized interest of $0.9 million and $1.1 million, respectively, and capitalized payroll of $0.9 million and $0.8 million, respectively, in connection with the Company’s improvements of real estate.

The Company has an ongoing program to reformat and re-tenant its properties to maintain or enhance its competitive position in the marketplace.  The Company anticipates its total capital commitment toward these reformatting and re-tenanting efforts and other redevelopment projects during 2013 will be approximately $90 million to $100 million.  The funding of these capital requirements will be provided by cash flow from operating activities and availability under the Company’s revolving line of credit.

Investments and Advances to Joint Ventures -

During the nine months ended September 30, 2013, the Company expended $289.5 million for investments and advances to real estate joint ventures, which is primarily related to the Company’s acquisition of additional ownership interest in certain joint ventures and the acquisition of and improvements to properties within the joint ventures, and received $409.7 million from reimbursements of investments and advances to real estate joint ventures primarily relating to the sale of certain joint venture properties and other capital transactions.

Improvements to Real Estate Under Development -

The Company is engaged in ground-up development projects which will be held as long-term investments by the Company.  The ground-up development projects generally have significant pre-leasing prior to the commencement of construction. As of September 30, 2013, the Company had a total of three ground-up development projects, consisting of two projects located in the U.S. and one project located in Peru.

The Company anticipates its total capital commitment during 2013 toward these development projects will be approximately $5 million to $10 million.  The proceeds from availability under the Company’s revolving line of credit are expected to be sufficient to fund these anticipated capital requirements.

Dispositions and Transfers-

During the nine months ended September 30, 2013, the Company received net proceeds of $248.0 million relating to the sale of various operating properties.

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Financing Activities

Cash flows used for financing activities for the nine months ended September 30, 2013, were $344.3 million, as compared to cash provided by financing activities $39.1 million for the comparable period in 2012.  This change of $383.4 million resulted primarily from (i) a decrease in proceeds from issuance of stock of $596.1 million, (ii) an increase in net repayments/ borrowings under unsecured term loan/notes of $208.2 million, and (iii) an increase in dividends paid of $14.7 million, partially offset by, (iv) a decrease in redemption of preferred stock of $175.0 million, (v) a decrease in repayments under the Company’s unsecured revolving credit facility of $127.5 million, (vi) a decrease in principal payments of $79.1 million, (vii) a decrease in repurchases of common stock of $30.9 million, and (viii) an increase in proceeds from mortgage/construction loan financing of $29.7 million

Debt maturities for the remainder of 2013 consist of: $0.1 million of consolidated debt; $30.0 million of unconsolidated joint venture debt and $65.4 million of debt on properties included in the Company’s preferred equity program, assuming the utilization of extension options where available.  The 2013 consolidated debt maturities are anticipated to be repaid with operating cash flows, borrowings from the Company’s credit facility (which at September 30, 2013, had $1.6 billion available) and debt refinancing.  The 2013 unconsolidated joint venture and preferred equity debt maturities are anticipated to be repaid through debt refinancing and partner capital contributions, as deemed appropriate.

The Company intends to maintain strong debt service coverage and fixed charge coverage ratios as part of its commitment to maintain its investment-grade debt ratings.  The Company plans to continue strengthening its balance sheet by pursuing deleveraging efforts over time.  The Company may, from time-to-time, seek to obtain funds through additional common and preferred equity offerings, unsecured debt financings and/or mortgage/construction loan financings and other capital alternatives.

Since the completion of the Company’s IPO in 1991, the Company has utilized the public debt and equity markets as its principal source of capital for its expansion needs. Since the IPO, the Company has completed additional offerings of its public unsecured debt and equity, raising in the aggregate over $9.3 billion.  Proceeds from public capital market activities have been used for the purposes of, among other things, repaying indebtedness, acquiring interests in neighborhood and community shopping centers, funding ground-up development projects, expanding and improving properties in the portfolio and other investments.

The Company has a $1.75 billion unsecured revolving credit facility (the “Credit Facility”) with a group of banks, which is scheduled to expire in October 2015 and has a one-year extension option.  This credit facility provides funds to finance general corporate purposes, including (i) property acquisitions, (ii) investments in the Company’s institutional management programs, (iii) development and redevelopment costs and (iv) any short-term working capital requirements. Interest on borrowings under the Credit Facility accrues at LIBOR plus 1.05% and fluctuates in accordance with changes in the Company’s senior debt ratings and has a facility fee of 0.20% per annum.  As part of this Credit Facility, the Company has a competitive bid option whereby the Company could auction up to $875.0 million of its requested borrowings to the bank group.  This competitive bid option provides the Company the opportunity to obtain pricing below the currently stated spread.  In addition, as part of the Credit Facility, the Company has a $500.0 million sub-limit which provides it the opportunity to borrow in alternative currencies such as Canadian Dollars, British Pounds Sterling, Japanese Yen or Euros. Pursuant to the terms of the Credit Facility, the Company, among other things, is subject to covenants requiring the maintenance of (i) maximum leverage ratios on both unsecured and secured debt and (ii) minimum interest and fixed coverage ratios.  As of September 30, 2013, the Credit Facility had a balance of $153.1 million outstanding and $3.8 million appropriated for letters of credit.

Pursuant to the terms of the Credit Facility, the Company, among other things, is subject to maintenance of various covenants.  The Company is currently not in violation of these covenants.  The financial covenants for the Credit Facility are as follows:

Covenant	Must Be	As of 9/30/13
Total Indebtedness to Gross Asset Value (“GAV”)	<60%	41%
Total Priority Indebtedness to GAV	<35%	8%
Unencumbered Asset Net Operating Income to Total Unsecured Interest Expense	>1.75x	3.61x
Fixed Charge Total Adjusted EBITDA to Total Debt Service	>1.50x	2.78x

For a full description of the Credit Facility’s covenants refer to the Credit Agreement dated as of October 27, 2011, filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated November 2, 2011.

During March 2013, the Company entered into a new five year 1.0 billion a Mexican peso (“MXN”) term loan which matures in March 2018. This term loan bears interest at a rate equal to TIIE (Equilibrium Interbank Interest Rate) plus 1.35% (5.65% as of September 30, 2013). The Company has the option to swap this rate to a fixed rate at any time during the term of the loan.  The Company used these proceeds to repay its 1.0 billion MXN term loan, which matured in March 2013 and bore interest at a fixed rate of 8.58%.  As of September 30, 2013, the outstanding balance on this new term loan was MXN 1.0 billion (USD $76.9 million).  The Mexican term loan covenants are similar to the Credit Facility covenants described above.

During April 2012, the Company filed a shelf registration statement on Form S-3, which is effective for a term of three years, for the future unlimited offerings, from time-to-time, of debt securities, preferred stock, depositary shares, common stock and common stock warrants. The Company, pursuant to this shelf registration statement may, from time-to-time, offer for sale its senior unsecured debt for any general corporate purposes, including (i) funding specific liquidity requirements in its business, including property acquisitions, development and redevelopment costs and (ii) managing the Company’s debt maturities.

29

The Company’s supplemental indenture governing its senior notes contains the following covenants, all of which the Company is compliant with:

Covenant	Must Be	As of 9/30/13
Consolidated Indebtedness to Total Assets	<60%	39%
Consolidated Secured Indebtedness to Total Assets	<40%	10%
Consolidated Income Available for Debt Service to Maximum Annual Service Charge	>1.50x	4.8x
Unencumbered Total Asset Value to Consolidated Unsecured Indebtedness	>1.50x	2.8x

For a full description of the various indenture covenants refer to the Indenture dated September 1, 1993; First Supplemental Indenture dated August 4, 1994; the Second Supplemental Indenture dated April 7, 1995; the Third Supplemental Indenture dated June 2, 2006; the Fifth Supplemental Indenture dated as of September 24, 2009; the Fifth Supplemental Indenture dated as of October 31, 2006; the Sixth Supplemental Indenture dated as of May 23, 2013 filed in the Company's Current Report on Form 8-K dated May 23, 2013 and First Supplemental Indenture dated October 31, 2006, as filed with the U.S. Securities and Exchange Commission.

During May 2013, the Company issued $350.0 million of 10-year Senior Unsecured Notes at an interest rate of 3.125% payable semi-annually in arrears and are scheduled to mature in June 2023. Net proceeds from the issuance were $344.7 million, after related transaction costs of $0.5 million. The proceeds were used for general corporate purposes including the partial reduction of borrowings under the Company’s revolving credit facility and the repayment of the $75.0 million senior unsecured notes which matured in June 2013.

During July 2013, a wholly-owned subsidiary of the Company issued $200.0 million Canadian denominated (“CAD”) Series 4 unsecured notes on a private placement basis in Canada. The notes bear interest at 3.855% and are scheduled to mature on August 4, 2020. Proceeds from these notes were used to repay the Company’s CAD $200.0 million 5.180% unsecured notes, which matured on August 16, 2013.

During the nine months ended September 30, 2013, the Company also repaid (i) its $100.0 million 6.125% senior unsecured notes, which matured in January 2013 and (ii) its $75.0 million 4.70% senior unsecured notes, which matured in June 2013. During October 2013, the Company repaid its $100.0 million 5.190% senior unsecured notes which matured on October 1, 2013.

The Company, from time to time, repurchases shares of its common stock in amounts that offset new issuances of common shares in connection with the exercise of stock options or the issuance of restricted stock awards. These repurchases may occur in open market purchases, privately negotiated transactions or otherwise, subject to prevailing market conditions, the Company’s liquidity requirements, contractual restrictions and other factors.  During the nine months ended September 30, 2013, the Company did not repurchase shares of its common stock.

In addition to the public equity and debt markets as capital sources, the Company may, from time-to-time, obtain mortgage financing on selected properties and construction loans to partially fund the capital needs of its ground-up development projects.  As of September 30, 2013, the Company had over 380 unencumbered property interests in its portfolio.

During the nine months ended September 30, 2013, the Company (i) assumed $243.3 million of individual non-recourse mortgage debt relating to the acquisition of seven operating properties, including an increase of $3.9 million associated with fair value debt adjustments, (ii) obtained $36.0 million of individual non-recourse mortgage debt relating to three operating properties and (ii) paid off $132.5 million of mortgage debt that encumbered nine properties.

In connection with its intention to continue to qualify as a REIT for federal income tax purposes, the Company expects to continue paying regular dividends to its stockholders. These dividends will be paid from operating cash flows. The Company’s Board of Directors will continue to evaluate the Company’s dividend policy on a quarterly basis as the Board of Directors monitors sources of capital and evaluates the impact of the economy and capital markets availability on operating fundamentals.  Since cash used to pay dividends reduces amounts available for capital investment, the Company generally intends to maintain a conservative dividend payout ratio, reserving such amounts as it considers necessary for the expansion and renovation of shopping centers in its portfolio, debt reduction, the acquisition of interests in new properties and other investments as suitable opportunities arise and such other factors as the Board of Directors considers appropriate.  Cash dividends paid for the nine months ended September 30, 2013 and 2012 were $299.8 million and $285.1 million, respectively.

Although the Company receives substantially all of its rental payments on a monthly basis, it generally intends to continue paying dividends quarterly.  Amounts accumulated in advance of each quarterly distribution will be invested by the Company in short-term money market or other suitable instruments.  The Company’s Board of Directors declared a quarterly cash dividend of $0.21 per common share payable to shareholders of record on October 3, 2013, which was paid on October 15, 2013. The Board of Directors declared a quarterly cash dividend of $0.225 which represents a quarterly increase of $0.015 or 7.1% on an annualized basis per common share payable to shareholders of record on January 2, 2014, which is scheduled to be paid on January 15, 2014.

30

Funds from Operations

Funds From Operations (“FFO”) is a supplemental non-GAAP measure utilized to evaluate the operating performance of real estate companies. The National Association of Real Estate Investment Trusts (“NAREIT”) defines FFO as net income/(loss) attributable to common shareholders computed in accordance with generally accepted accounting principles (“GAAP”), excluding (i) gains or losses from sales of operating real estate assets and (ii) extraordinary items, plus (iii) depreciation and amortization of operating properties and (iv) impairment of depreciable real estate and in substance real estate equity investments and (v) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect funds from operations on the same basis.

The Company presents FFO as it considers it an important supplemental measure of our operating performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting results. Comparison of our presentation of FFO to similarly titled measures for other REITs may not necessarily be meaningful due to possible differences in the application of the NAREIT definition used by such REITs.

The Company also presents FFO as adjusted as an additional supplemental measure as it believes it is more reflective of the Company’s core operating performance. The Company believes FFO as adjusted provides investors and analysts an additional measure in comparing the Company’s performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. FFO as adjusted is generally calculated by the Company as FFO excluding certain transactional income and expenses and non-operating impairments which management believes are not reflective of the results within the Company’s operating real estate portfolio.

FFO is a supplemental non-GAAP financial measure of real estate companies’ operating performances, which does not represent cash generated from operating activities in accordance with GAAP and therefore should not be considered an alternative for net income as a measure of liquidity.  Our method of calculating FFO and FFO as adjusted may be different from methods used by other REITs and, accordingly, may not be comparable to such other REITs.

The Company’s reconciliation of net income available to common shareholders to FFO and FFO as adjusted for the three and nine months ended September 30, 2013 and 2012, is as follows (in thousands, except per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Net income available to common shareholders	$	41,190		$	27,106		$	130,952		$	113,442
Gain on disposition of operating property, net of noncontrolling interests		(23,922	)		(11,084	)		(28,827	)		(35,806	)
Gain on disposition of joint venture operating properties		(57,651	)		(641	)		(108,407	)		(23,013	)
Depreciation and amortization - real estate related		62,445			65,496			185,742			194,032
Depreciation and amortization - real estate joint ventures, net of noncontrolling interests		28,245			33,821			93,295			101,506
Impairment of operating properties, net of tax and noncontrolling interests		91,046			4,295			145,118			33,070
FFO		141,353			118,993			417,873			383,231
Transactional (income)/expense:
Profit participation from other real estate investments, net		(9,083	)		(862	)		(13,175	)		(9,750	)
Promote income from real estate joint ventures		-			-			-			(3,921	)
Gains from land sales		(1,509	)		-			(1,674	)		(8,295	)
Acquisition costs		532			2,290			3,327			8,459
Executive severance costs		-			-			-			2,472
Excess distribution from a cost method investment		(79	)		-			(2,045	)		-
Impairment of other investments		4,271			-			20,299			-
Gain on sale of marketable securities		-			-			(5,329	)		-
Deferred tax valuation allowance release		-			-			(9,126	)		-
Preferred stock redemption costs		-			6,213			-			6,213
Other (income)/expense, net		(876	)		668			(1,240	)		1,024
Total transactional (income)/charges, net		(6,744	)		8,309			(8,963	)		(3,798	)
FFO as adjusted	$	134,609		$	127,302		$	408,910		$	379,433
Weighted average shares outstanding for FFO calculations:
Basic		408,060			405,810			407,459			405,880
Units		1,519			1,526			1,539			1,533
Dilutive effect of equity awards		2,378			2,274			2,622			2,106
Diluted (1)		411,957			409,610			411,620			409,519
FFO per common share – basic	$	0.35		$	0.29		$	1.03		$	0.94
FFO per common share – diluted (1)	$	0.34		$	0.29		$	1.02		$	0.94
FFO as adjusted per common share – basic	$	0.33		$	0.31		$	1.00		$	0.93
FFO as adjusted per common share – diluted (1)	$	0.33		$	0.31		$	1.00		$	0.93

(1) Reflects the potential impact if certain units were converted to common stock at the beginning of the period, which would have a dilutive effect on FFO. FFO would be increased by $621 and $518 for the three months ended September 30, 2013 and 2012, respectively, and $1,878 and $1,555 for the nine months ended September 30, 2013 and 2012, respectively. The effect of other certain convertible units would have an anti-dilutive effect upon the calculation of Income from continuing operations per share.  Accordingly, the impact of such conversion has not been included in the determination of diluted earnings per share calculations.

31

Same Property Net Operating Income

Same Property Net Operating Income (“Same Property NOI”) is a supplemental non-GAAP financial measure of real estate companies’ operating performance. Same Property NOI is considered by management to be an important performance measure of the Company’s operations and management believes that it is helpful to investors as a measure of the Company’s operating performance because it includes only the net operating income of properties that have been owned for the entire current and prior year reporting periods and excludes properties under development and pending stabilization. As such, Same Property NOI assists in eliminating disparities in net income due to the development, acquisition or disposition of properties during the particular period presented, and thus provides a more consistent performance measure for the comparison of the Company's properties.

Same Property NOI is calculated using revenues from rental properties (excluding straight-line rents, lease termination fees and above/below market rents) less operating and maintenance expense, real estate taxes and rent expense, plus the Company’s proportionate share of Same Property NOI from unconsolidated real estate joint ventures, calculated on the same basis. Same Property NOI includes all  properties that are owned for the entire current and prior year reporting periods and excludes properties under development and properties pending stabilization. Properties are deemed stabilized at the earlier of (i) reaching 90% leased or (ii) one year following a projects inclusion in operating real estate (two years for Latin American properties).

Same Property NOI is a supplemental non-GAAP financial measure of real estate companies’ operating performance and should not be considered an alternative to net income in accordance with GAAP or as a measure of liquidity.  Our method of calculating Same Property NOI may differ from methods used by other REITs and, accordingly, may not be comparable to such other REITs.

The following is a reconciliation of the Company’s Net income from continuing operations to Same Property NOI (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Income from continuing operations	$	42,176		$	43,724		$	186,404		$	170,314
Adjustments:
Management and other fee income		(9,423	)		(8,917	)		(26,865	)		(27,053	)
General and administrative expenses		30,961			29,880			96,456			95,157
Impairment of property carrying values		74,765			-			109,046			326
Depreciation and amortization		63,158			63,854			186,345			180,647
Other expense, net		49,037			56,307			151,047			167,485
Provision for income taxes, net		24,238			5,520			28,110			13,581
Gain on change in control of interests		-			-			(21,711	)		(14,156	)
Equity in income of other real estate investments, net		(10,547	)		(10,239	)		(29,910	)		(35,340	)
Non same property net operating income		(22,750	)		(26,013	)		(94,336	)		(88,496	)
Non-operational expense from joint ventures, net		(5,338	)		76,781			117,275			216,578
Same Property NOI	$	236,277		$	230,897		$	701,861		$	679,043

Same Property NOI increased by $5.4 million or 2.3% for the three months ended September 30, 2013, as compared to the corresponding period in 2012. This increase is primarily the result of (i) an increase of $6.8 million related to lease-up and rent commencements in the U.S. and Latin America, partially offset by, (ii) a decrease of $1.0 million in other property income and (iii) the impact from changes in foreign currency exchange rates of $0.4 million. Same Property NOI increased by $22.8 million or 3.4% for the nine months ended September 30, 2013, as compared to the corresponding period in 2012. This increase is primarily the result of (i) an increase of $19.5 million related to lease-up and rent commencements in the U.S. and Latin America and (ii) an increase of $4.4 million in other property income, partially offset by, (iii) the impact from changes in foreign currency exchange rates of $1.1 million.

32

Leasing Activity

During the nine months ended September 30, 2013, the Company executed 717 leases totaling over 5.2 million square feet in the Company’s consolidated operating portfolio comprised of 297 new leases and 420 renewals and options. The leasing costs associated with these leases are anticipated to aggregate $30.4 million or $23.02 per square foot. These costs include $24.1 million of tenant improvements and $6.3 million of leasing commissions.

Tenant Lease Expirations

The following table sets forth the aggregate lease expirations for each of the next ten years, assuming no renewal options are exercised. For purposes of the table, the Total Annual Base Rent Expiring represents annualized rental revenue, for each lease that expires during the respective year. Amounts in thousands except for number of lease data:

Year Ending December 31,	Number of Leases Expiring		Square Feet Expiring		Total Annual Base Rent Expiring		% of Gross Annual Rent
(1)		193		592	$	9,767		1.5	%
2013		118		669	$	9,291		1.4	%
2014		673		4,106	$	52,862		8.2	%
2015		701		4,803	$	63,923		9.9	%
2016		698		5,324	$	69,286		10.7	%
2017		734		7,228	$	90,164		13.9	%
2018		686		6,023	$	78,511		12.1	%
2019		300		3,915	$	46,698		7.2	%
2020		195		2,658	$	32,945		5.1	%
2021		180		2,438	$	29,266		4.5	%
2022		188		2,243	$	29,479		4.5	%
2023		186		2,227	$	30,946		4.8	%

(1) Leases currently under month to month lease or in process of renewal

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company’s primary market risk exposure is interest rate risk and fluctuations in foreign currency exchange rate risk.  The following table presents the Company’s aggregate fixed rate and variable rate domestic and foreign debt obligations outstanding as of September 30, 2013, with corresponding weighted-average interest rates sorted by maturity date.  The table does not include extension options where available. The information is presented in U.S. dollar equivalents, which is the Company’s reporting currency.  The instruments’ actual cash flows are denominated in U.S. dollars, Canadian dollars (CAD), Mexican pesos (MXN) and Chilean pesos (CLP) as indicated by geographic description (amounts are USD equivalent in millions).

	2013			2014			2015			2016			2017			Thereafter			Total			Fair Value
U.S. Dollar Denominated
Secured Debt
Fixed Rate	$	0.1		$	237.9		$	169.2		$	293.7		$	180.2		$	172.3		$	1,053.4		$	1,103.5
Average Interest Rate		9.50	%		6.30	%		5.28	%		6.50	%		6.14	%		5.12	%		5.97	%
Variable Rate	$	-		$	-		$	6.0		$	-		$	2.0		$	21.1		$	29.1		$	28.4
Average Interest Rate		-			-			0.13	%		-			4.00	%		3.04	%		2.50	%
Unsecured Debt
Fixed Rate	$	100.0		$	294.7		$	350.0		$	300.0		$	290.9		$	950.0		$	2,285.6		$	2,445.9
Average Interest Rate		5.19	%		5.20	%		5.29	%		5.78	%		5.70	%		4.68	%		5.14	%
Variable Rate	$	-		$	400.0		$	125.0		$	-		$	-		$	-		$	525.0		$	516.2
Average Interest Rate		-			1.23	%		3.21	%		-			-			-			1.70	%
Canadian Dollar Denominated
Unsecured Debt
Fixed Rate	$	-		$	-		$	-		$	-		$	-		$	339.3		$	339.3		$	360.2
Average Interest Rate		-			-			-			-			-			4.77	%		4.77	%
Variable Rate	$	-		$	-		$	28.1		$	-		$	-		$	-		$	28.1		$	27.6
Average Interest Rate		-			-			2.27	%		-			-			-			2.27	%
Mexican Pesos Denominated
Unsecured Debt
Variable Rate	$	-		$	-		$	-		$	-		$	-		$	76.9		$	76.9		$	81.1
Average Interest Rate		-			-			-			-			-			5.65	%		5.65	%
Chilean Pesos Denominated
Secured Debt
Variable Rate	$	-		$	-		$	-		$	-		$	-		$	43.3		$	43.3		$	49.3
Average Interest Rate		-			-			-			-			-			5.68	%		5.68	%

33

Based on the Company’s variable-rate debt balances, interest expense would have increased by $5.3 million for the nine months ended September 30, 2013, if short-term interest rates were 1% higher.

The following table presents the Company’s foreign investments and respective cumulated translation adjustments (“CTA”) as of September 30, 2013.  Investment amounts are shown in their respective local currencies and the U.S. dollar equivalents, CTA balances are shown in US dollars:

Foreign Investment (in millions)
Country	Local Currency		US Dollars		CTA Gain/(Loss)
Mexican real estate investments (MXN)		8,010.0	$	608.0	$	(100.7	)
Canadian real estate joint venture and marketable securities investments (CAD)		403.0	$	390.7	$	25.9
Chilean real estate investments (CLP)		37,575.9	$	74.7	$	(6.5	)
Brazilian real estate investments (Brazilian Real)		41.1	$	18.4	$	(6.1	)
Peruvian real estate investments (Peruvian Nuevo Sol)		15.3	$	5.5	$	0.2

The foreign currency exchange risk has been partially mitigated, but not eliminated, through the use of local currency denominated debt.  The Company has not, and does not plan to, enter into any derivative financial instruments for trading or speculative purposes.

CTA results from currency fluctuations between local currency and the U.S. dollar during the period in which the Company held its investment. The CTA amounts are subject to future changes resulting from ongoing fluctuations in the respective foreign currency exchange rates. Under U.S. GAAP, the Company is required to release CTA balances into earnings when the Company has substantial liquidated its investment in a foreign entity. During 2013, the Company began selling properties within its Latin American portfolio and the Company may, in the near term, substantially liquidate all of its investments in this portfolio which will require the then unrealized loss on foreign currency translation to be recognized as a charge against earnings.

Item 4.              Controls and Procedures

The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective.

There have not been any changes in the Company’s internal control over financial reporting during the fiscal quarter to which this report relates that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

34

PART II

OTHER INFORMATION

Item 1.  Legal Proceedings

The following information supplements and amends our discussion set forth under Part I, Item 3 "Legal Proceedings" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

On January 28, 2013, the Company received a subpoena from the Enforcement Division of the SEC in connection with an investigation, In the Matter of Wal-Mart Stores, Inc. (FW-3678), that the SEC Staff is currently conducting with respect to possible violations of the Foreign Corrupt Practices Act. The Company is responding to the subpoena and intends to cooperate fully with the SEC in this matter. The U.S. Department of Justice (“DOJ”) is conducting a parallel investigation, and the Company is cooperating with the DOJ investigation. At this point, we are unable to predict the duration, scope or result of the SEC or DOJ investigation. 

The Company is not presently involved in any litigation, nor to its knowledge is any litigation threatened against the Company or its subsidiaries, that in management's opinion, would result in any material adverse effect on the Company's ownership, management or operation of its properties taken as a whole, or which is not covered by the Company's liability insurance.

Item 1A.  Risk Factors

There are no material changes from risk factors as previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012. 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 4. Mine Safety Disclosures

None.

Item 6.   Exhibits

Exhibits –

4.1 Agreement to File Instruments

Kimco Realty Corporation (the “Registrant”) hereby agrees to file with the Securities and Exchange Commission, upon request of the Commission, all instruments defining the rights of holders of long-term debt of the Registrant and its consolidated subsidiaries, and for any of its unconsolidated subsidiaries for which financial statements are required to be filed, and for which the total amount of securities authorized thereunder does not exceed 10 percent of the total assets of the Registrant and its subsidiaries on a consolidated basis.

10.1	First Amendment to Credit Agreement, dated as of June 3, 2013, among Kimco Realty Corporation, a Maryland corporation, the subsidiaries of Kimco party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (filed with the Company’s Current Report on Form 8-K on June 7, 2013)
12.1	Computation of Ratio of Earnings to Fixed Charges
12.2	Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
31.1	Certification of the Company’s Chief Executive Officer, David B. Henry, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of the Company’s Chief Financial Officer, Glenn G. Cohen, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of the Company’s Chief Executive Officer, David B. Henry, and the Company’s Chief Financial Officer, Glenn G. Cohen, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

35

101.INS	XBRL  Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

36

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	KIMCO REALTY CORPORATION
November 1, 2013	/s/ David B. Henry
(Date)	David B. Henry
	Chief Executive Officer
November 1, 2013	/s/  Glenn G. Cohen
(Date)	Glenn G. Cohen
	Chief Financial Officer

37

EX-12

Exhibit 12.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the nine months ended September 30, 2013

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	(14,802,811	)
Add:
Interest on indebtedness (excluding capitalized interest)		164,129,403
Amortization of debt related expenses		5,381,025
Portion of rents representative of the interest factor		5,876,374
		160,583,991
Distributed income from equity investees		211,361,681
Pretax earnings from continuing operations, as adjusted	$	371,945,672
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	165,017,374
Amortization of debt related expenses		1,918,221
Portion of rents representative of the interest factor		5,876,374
Fixed charges	$	172,811,969
Ratio of earnings to fixed charges		2.2

EX-12

Exhibit 12.2

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

For the nine months ended September 30, 2013

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	(14,802,811	)
Add:
Interest on indebtedness (excluding capitalized interest)		164,129,403
Amortization of debt related expenses		5,381,025
Portion of rents representative of the interest factor		5,876,374
		160,583,991
Distributed income from equity investees		211,361,681
Pretax earnings from continuing operations, as adjusted	$	371,945,672
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest)	$	165,017,374
Preferred dividend factor		50,512,085
Amortization of debt related expenses		1,918,221
Portion of rents representative of the interest factor		5,876,374
Combined fixed charges and preferred stock dividends	$	223,324,054
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		1.7

EX-31

Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, David B. Henry, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Kimco Realty Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 1, 2013

/s/ David B. Henry

David B. Henry      

Chief Executive Officer

EX-31

Exhibit 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Glenn G. Cohen, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Kimco Realty Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 1, 2013

/s/ Glenn G. Cohen

Glenn G. Cohen

Chief Financial Officer

EX-32

Exhibit 32.1

Section 1350 Certification

Pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of Kimco Realty Corporation (the “Company”) hereby certifies, to such officer’s knowledge, that:

(i) the accompanying Quarterly Report on Form 10-Q of the Company for the quarter ended September 30, 2013 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 1, 2013

/s/ David B. Henry

David B. Henry

Chief Executive Officer

Date: November 1, 2013

/s/ Glenn G. Cohen

Glenn G. Cohen

Chief Financial Officer

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Note 8 - Marketable Securities and Other Investments

9 Months Ended

Sep. 30, 2013

Table Text Block [Abstract]

Marketable Securities [Table Text Block]

8. Marketable Securities and Other Investments

At September 30, 2013, the Company’s investment in marketable securities was $88.7 million which includes an aggregate unrealized gain of $43.1 million relating to marketable equity security investments.

During the nine months ended September 30, 2013, the Company received $10.8 million in proceeds from the sale of certain marketable equity securities. In connection with this transaction, the Company recognized a gain of $5.3 million, which is recorded in Interest, dividends and other investment income on the Company’s Condensed Consolidated Statements of Income.

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Note 6 - Variable Interest Entities (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Consolidated Ground-Up Development Projects [Member]
Note 6 - Variable Interest Entities (Details) [Line Items]
Number of Consolidated Entities	2
Variable Interest Entity, Consolidated, Carrying Amount, Assets	$ 85.5
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities	0.4
Variable Interest Entity, Financial or Other Support, Amount	33.1
Unconsolidated Ground-Up Development [Member]
Note 6 - Variable Interest Entities (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount	18.4
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net	17.4
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	35.8
Unconsolidated Redevelopment Investment [Member]
Note 6 - Variable Interest Entities (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount	11.2
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net	$ (11.2)
Number of Unconsolidated Entities	1

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Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues
Revenues from rental properties	$ 232,074	$ 213,946	$ 689,678	$ 637,378
Management and other fee income	9,423	8,917	26,865	27,053
Total revenues	241,497	222,863	716,543	664,431
Operating expenses
Rent	3,319	3,270	10,024	9,457
Real estate taxes	30,900	28,823	88,770	84,131
Operating and maintenance	27,547	25,333	84,563	76,020
General and administrative expenses	30,961	29,880	96,456	95,157
Provision for doubtful accounts	2,118	888	7,190	6,397
Impairment charges			109,000
Depreciation and amortization	63,158	63,854	186,345	180,647
Total operating expenses	232,768	152,048	582,394	452,135
Operating income	8,729	70,815	134,149	212,296
Other income/(expense)
Mortgage financing income	925	2,092	3,341	6,083
Interest, dividends and other investment income	481	595	9,648	1,094
Other income/(expense), net	2,878	(3,073)	(3,070)	(6,126)
Interest expense	(53,991)	(56,467)	(162,594)	(170,224)
Income from other real estate investments	670	545	1,628	1,688
Income/(loss) from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments	(40,308)	14,507	(16,898)	44,811
Provision for income taxes, net	(24,238)	(5,520)	(28,110)	(13,581)
Equity in income of investment	96,200	24,500	179,791	89,587
Income from continuing operations	42,176	43,724	186,404	170,314
Gain on change in control of interests, net			21,711	14,156
Discontinued operations
Income from discontinued operating properties, net of tax	1,887	5,222	8,693	9,924
Impairment/loss on operating properties sold, net of tax	(10,813)	(3,191)	(42,971)	(30,248)
Gain on disposition of operating properties, net of tax	23,398	11,329	27,762	34,571
Income/(loss) from discontinued operations	14,472	13,360	(6,516)	14,247
Gain on sale of operating properties, net of tax	540		1,080	4,059
Net income	57,188	57,084	180,968	188,620
Net income attributable to noncontrolling interests	(1,425)	(2,143)	(6,296)	(10,928)
Net income attributable to the Company	55,763	54,941	174,672	177,692
Preferred stock redemption costs		(6,213)		(6,213)
Preferred dividends	(14,573)	(21,622)	(43,720)	(58,037)
Net income available to the Company's common shareholders	41,190	27,106	130,952	113,442
Income from continuing operations:
-Basic (in Dollars per share)	$ 0.06	$ 0.03	$ 0.33	$ 0.25
-Diluted (in Dollars per share)	$ 0.06	$ 0.03	$ 0.33	$ 0.25
Net income attributable to the Company:
-Basic (in Dollars per share)	$ 0.10	$ 0.07	$ 0.32	$ 0.28
-Diluted (in Dollars per share)	$ 0.10	$ 0.07	$ 0.32	$ 0.28
Weighted average shares:
-Basic (in Shares)	408,060	405,810	407,459	405,880
-Diluted (in Shares)	408,866	406,747	408,510	406,650
Amounts attributable to the Company's common shareholders:
Income from continuing operations	26,729	12,932	137,507	100,781
Income/(loss) from discontinued operations	14,461	14,174	(6,555)	12,661
Equity In Income Of Joint Ventures, Net [Member]
Other income/(expense)
Equity in income of investment	96,175	24,498	179,791	89,588
Equity In Income From Other Real Estate Investments, Net [Member]
Other income/(expense)
Equity in income of investment	10,547	10,239	29,910	35,340
Income from continuing operations	42,176	43,724	186,404	170,314
Continuing Operations [Member]
Operating expenses
Impairment charges	$ 74,765		$ 109,046	$ 326

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Note 1 - Interim Financial Statements

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

1. Interim Financial Statements

Principles of Consolidation -

The accompanying Condensed Consolidated Financial Statements include the accounts of Kimco Realty Corporation and Subsidiaries, (the “Company”). The Company’s Subsidiaries includes subsidiaries which are wholly-owned, and all entities in which the Company has a controlling financial interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) or meets certain criteria of a sole general partner or managing member in accordance with the Consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-company balances and transactions have been eliminated in consolidation.  The information furnished in the accompanying Condensed Consolidated Financial Statements is unaudited and reflects all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature.  These Condensed Consolidated Financial Statements should be read in conjunction with the Company's 2012 Annual Report on Form 10-K for the year ended December 31, 2012 ("10-K"), as certain disclosures in this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013, that would duplicate those included in the 10-K are not included in these Condensed Consolidated Financial Statements.

Subsequent Events -

The Company has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements (see Footnote 9).

Income Taxes -

The Company elected status as a Real Estate Investment Trust (a “REIT”) for federal income tax purposes beginning in its taxable year ended December 31, 1991 and operates in a manner that enables the Company to maintain its status as a REIT.  As a REIT, the Company must distribute at least 90 percent of its taxable income and will not pay federal income taxes on the amount distributed to its shareholders.  Therefore, the Company is not subject to federal income taxes if it distributes 100 percent of its taxable income.   Most states, where the Company holds investments in real estate, conform to the federal rules recognizing REITs.  Certain subsidiaries have made a joint election with the Company to be treated as taxable REIT subsidiaries (“TRS”), which permit the Company to engage in certain business activities in which the REIT may not conduct directly.  A TRS is subject to federal and state income taxes on the income from these activities and the Company includes a provision for taxes in its condensed consolidated financial statements.  The Company is subject to and also includes in its tax provision non-U.S. income taxes on certain investments located in jurisdictions outside the U.S.

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 September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Computation of Basic Earnings Per Share:
Income from continuing operations	$	42,176		$	43,724		$	186,404		$	170,314
Gain on sale of operating properties, net of tax		540			-			1,080			4,059
Net income attributable to noncontrolling interests		(1,425	)		(2,143	)		(6,296	)		(10,928	)
Discontinued operations attributable to noncontrolling interests		11			(814	)		39			1,586
Preferred stock redemption costs		-			(6,213	)		-			(6,213	)
Preferred stock dividends		(14,573	)		(21,622	)		(43,720	)		(58,037	)
Income from continuing operations available to the common shareholders		26,729			12,932			137,507			100,781
Earnings attributable to unvested restricted shares		(337	)		(298	)		(1,011	)		(893	)
Income from continuing operations attributable to common shareholders		26,392			12,634			136,496			99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for basic earnings per share	$	40,853			26,808			129,941			112,549
Weighted average common shares outstanding		408,060			405,810			407,459			405,880
Basic Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28
Computation of Diluted Earnings Per Share:
Income from continuing operations attributable to common shareholders	$	26,392		$	12,634		$	136,496		$	99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for diluted earnings per share	$	40,853		$	26,808		$	129,941		$	112,549
Weighted average common shares outstanding – basic		408,060			405,810			407,459			405,880
Effect of dilutive securities (a):
Equity awards		806			937			1,051			770
Shares for diluted earnings per common share		408,866			406,747			408,510			406,650
Diluted Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28

(a) For the three and nine months ended September 30, 2013 and 2012, the effect of certain convertible units would have an anti-dilutive effect upon the calculation of Income from continuing operations per share.  Accordingly, the impact of such conversion has not been included in the determination of diluted earnings per share calculations.  Additionally, there were 10,983,598 and 11,205,056 stock options that were not dilutive at September 30, 2013 and 2012, respectively.

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-class method whereby earnings are allocated to the unvested restricted share awards based on dividends declared and the unvested restricted shares' participation rights in undistributed earnings.

New Accounting Pronouncements –

In July 2013, the FASB released ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force) (“ASU 2013-11”). This update requires that an unrecognized tax benefit, or portion of an unrecognized tax benefit, be presented as a reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. If an applicable deferred tax asset is not available or a company does not expect to use the applicable deferred tax asset, the unrecognized tax benefit should be presented as a liability in the financial statements and should not be combined with an unrelated deferred tax asset. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date, however retrospective application is permitted. The Company is in the process of evaluating ASU 2013-11 and does not expect that it will have a material impact on the Company’s financial position or results of operations.

Additionally, during July 2013, the FASB released ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2013-10”). The update permits the Fed Funds Effective Swap Rate (“OIS”) to be used as a U.S. benchmark interest rate for hedge accounting purposes. In addition, the amendments remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU 2013-10 did not have a material impact on the Company’s financial position or results of operations.

In February 2013, the FASB issued new guidance regarding liabilities, Accounting Standards Update ("ASU") 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (“ASU 2013-04”), effective retrospectively for fiscal years beginning after December 15, 2013 and interim periods within those years. The amendments require an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. In addition, the amendments require an entity to disclose the nature and amount of the obligation, as well as other information about the obligations. The adoption of ASU 2013-04 is not expected to have a material impact on the Company’s financial position or results of operations.

In January 2013, the FASB released ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”). This guidance is the culmination of the board’s redeliberation on reporting reclassification adjustments from accumulated other comprehensive income. The standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source (e.g., the release due to cash flow hedges from interest rate contracts) and the income statement line items affected by the reclassification (e.g., interest income or interest expense). If a component is not required to be reclassified to net income in its entirety (e.g., the net periodic pension cost), companies would instead cross reference to the related footnote for additional information (e.g., the pension footnote). The new requirements were effective for public companies in interim and annual reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial statement presentation or disclosures.

In December 2011, the FASB released ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”). ASU 2011-11 requires companies to provide new disclosures about offsetting and related arrangements for financial instruments and derivatives. The provisions of ASU 2011-11 are effective for reporting periods beginning on or after January 1, 2013, and are required to be applied retrospectively. The adoption of ASU 2011-11 did not have a material impact on the Company’s financial statement disclosures.

Reclassifications –

Certain reclassifications have been made to previously recorded amounts to conform to the current year presentation, Specifically, the Company is presenting on its Condensed Consolidated Statements of Income its Provision for doubtful accounts as a separate line item included in Operating expenses, which during 2012 was included in Revenues from rental properties. Additionally, the Company made certain other immaterial reclassifications to the Company’s Condensed Consolidated Balance Sheets as of December 31, 2012, to conform to the current year presentation.

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Note 15 - Incentive Plans

9 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

15. Incentive Plans

The Company maintains two equity participation plans, the Second Amended and Restated 1998 Equity Participation Plan (the “Prior Plan”) and the 2010 Equity Participation Plan (the “2010 Plan”) (collectively, the “Plans”).  The Prior Plan provides for a maximum of 47,000,000 shares of the Company’s common stock to be issued for qualified and non-qualified stock options and restricted stock grants.  Effective May 1, 2012, the 2010 Plan provides for a maximum of 10,000,000 shares of the Company’s common stock to be issued for qualified and non-qualified stock options and other awards, plus the number of shares of common stock which are or become available for issuance under the Prior Plan and which are not thereafter issued under the Prior Plan, subject to certain conditions.  Unless otherwise determined by the Board of Directors at its sole discretion, stock options granted under the Plans generally vest ratably over a range of three to five years, expire ten years from the date of grant and are exercisable at the market price on the date of grant.  Restricted stock grants generally vest (i) 100% on the fourth or fifth anniversary of the grant, (ii) ratably over three or four years, (iii) over three years, at 50% after two years and 50% after the third year or (iv) over ten years at 20% per year commencing after the fifth year.  Performance share awards may provide a right to receive shares of restricted stock based on the Company’s performance relative to its peers, as defined, or based on other performance criteria as determined by the Board of Directors.  In addition, the Plans provide for the granting of certain stock options and restricted stock to each of the Company’s non-employee directors (the “Independent Directors”) and permits such Independent Directors to elect to receive deferred stock awards in lieu of directors’ fees.

The Company recognized expenses associated with its equity awards of $15.1 million for both the nine months ended September 30, 2013 and 2012.  As of September 30, 2013, the Company had $33.0 million of total unrecognized compensation cost related to unvested stock compensation granted under the Plans.  That cost is expected to be recognized over a weighted average period of approximately 3.6 years.

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Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) - Deferred Tax Assets and Liabilities (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Deferred tax assets:
Total deferred tax assets	$ 137,333	$ 113,421
Net operating losses	75,924	43,483
Related party deferred loss	6,214	6,214
Tax credit carryforwards	3,773	3,815
Capital loss carryforwards		647
Charitable contribution carryforward		3
Net deferred tax assets	108,823	90,225
Domestic Tax Authority [Member]
Deferred tax assets:
Tax/GAAP basis differences	53,231	68,623
Valuation allowance	(25,045)	(33,783)
Deferred tax liabilities	(19,057)	(9,933)
Foreign Tax Authority [Member]
Deferred tax assets:
Tax/GAAP basis differences	56,991	62,548
Valuation allowance	(33,755)	(38,129)
Deferred tax liabilities	$ (9,453)	$ (13,263)

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Note 8 - Marketable Securities and Other Investments (Details) (USD $)	9 Months Ended
	Sep. 30, 2013		Dec. 31, 2012
Table Text Block [Abstract]
Marketable Securities	$ 88,656,000	[1]	$ 36,541,000	[1]
Available-for-sale Securities, Gross Unrealized Gain	43,100,000
Proceeds from Sale of Available-for-sale Securities	10,800,000
Available-for-sale Securities, Gross Realized Gains	$ 5,300,000

[1] As of September 30, 2013 and December 31, 2012, the Company determined that $85.6 million and $33.4 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $3.3 million and $3.4 million, respectively, were classified within Level 3 of the fair value hierarchy.

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Note 9 - Notes Payable

9 Months Ended

Sep. 30, 2013

Disclosure Text Block [Abstract]

Long-term Debt [Text Block]

9. Notes Payable

During March 2013, the Company entered into a new five year 1.0 billion Mexican peso (“MXN”) term loan which matures in March 2018. This term loan bears interest at a rate equal to TIIE (Equilibrium Interbank Interest Rate) plus 1.35% (5.65% as of September 30, 2013). The Company has the option to swap this rate to a fixed rate at any time during the term of the loan.  The Company used these proceeds to repay its 1.0 billion MXN term loan, which matured in March 2013 and bore interest at a fixed rate of 8.58%.  As of September 30, 2013, the outstanding balance on this new term loan was MXN 1.0 billion (USD $76.9 million). 

During May 2013, the Company issued $350.0 million of 10-year Senior Unsecured Notes at an interest rate of 3.125% payable semi-annually in arrears which are scheduled to mature in June 2023. Net proceeds from the issuance were $344.7 million, after related transaction costs of $0.5 million. The proceeds from this issuance were used for general corporate purposes including the partial reduction of borrowings under the Company’s revolving credit facility and the repayment of $75.0 million senior unsecured notes which matured in June 2013.

During July 2013, a wholly-owned subsidiary of the Company issued $200.0 million Canadian denominated (“CAD”) Series 4 unsecured notes on a private placement basis in Canada. The notes bear interest at 3.855% and are scheduled to mature on August 4, 2020. Proceeds from the notes were used to repay the Company’s CAD $200.0 million 5.180% unsecured notes, which matured on August 16, 2013.

During the nine months ended September 30, 2013, the Company also repaid (i) its $100.0 million 6.125% senior unsecured notes, which matured in January 2013 and (ii) its $75.0 million 4.70% senior unsecured notes, which matured in June 2013. Subsequently, during October 2013, the Company repaid its $100.0 million 5.190% senior unsecured notes which matured on October 1, 2013.

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Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) (USD $)	3 Months Ended		9 Months Ended									1 Months Ended					1 Months Ended		9 Months Ended									9 Months Ended						9 Months Ended				9 Months Ended	1 Months Ended					9 Months Ended								9 Months Ended					9 Months Ended				9 Months Ended					9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013 Company Share [Member] Other Joint Venture Programs [Member]	Sep. 30, 2013 KimPru and KimPru II [Member] Operating Properties [Member]	Sep. 30, 2013 KimPru and KimPru II [Member]		Dec. 31, 2012 KimPru and KimPru II [Member]		Sep. 30, 2013 KimPru [Member]	Jun. 30, 2013 Intown [Member]	Sep. 30, 2013 Intown [Member]		Dec. 31, 2012 Intown [Member]		Jun. 30, 2013 Intown [Member] Minimum [Member]	Jun. 30, 2013 Intown [Member] Maximum [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member] Operating Properties [Member] Mexico Portfolio [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member] Operating Properties [Member] Chili [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member] Operating Properties [Member]	Sep. 30, 2012 Other Joint Venture Programs [Member] Sold [Member] Additional [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member] Sold [Member] Mexico Portfolio [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member] Sold [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member] Sold [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member] Mexico Portfolio [Member]	Sep. 30, 2013 Other Joint Venture Programs [Member]		Sep. 30, 2012 Other Joint Venture Programs [Member]	Dec. 31, 2012 Other Joint Venture Programs [Member]		Sep. 30, 2013 Kimco Income Fund [Member] Additional [Member]	Sep. 30, 2013 Kimco Income Fund [Member]		Dec. 31, 2012 Kimco Income Fund [Member]		Sep. 30, 2013 UBS Programs [Member] Operating Properties [Member]	Jun. 30, 2013 UBS Programs [Member]	Sep. 30, 2013 UBS Programs [Member]		Dec. 31, 2012 UBS Programs [Member]		Sep. 30, 2013 Other Institutional Programs [Member] Operating Properties [Member]	Sep. 30, 2012 Other Institutional Programs [Member] Operating Properties [Member]	Sep. 30, 2012 Other Institutional Programs [Member] Sold [Member]	Sep. 30, 2012 Other Institutional Programs [Member] Pending Sale [Member]	Sep. 30, 2013 Other Institutional Programs [Member]		Dec. 31, 2012 Other Institutional Programs [Member]		Sep. 30, 2013 BIG Shopping Centers [Member] Company's Share [Member]	Sep. 30, 2013 BIG Shopping Centers [Member]		Dec. 31, 2012 BIG Shopping Centers [Member]		Sep. 30, 2013 Latin America [Member]		Dec. 31, 2012 Latin America [Member]		Sep. 30, 2013 KIR [Member]	Sep. 30, 2013 Kimstone [Member] UBS Programs [Member]	Sep. 30, 2013 Kimstone [Member]	Jun. 30, 2013 Kimstone [Member]	Dec. 31, 2012 Operating Properties [Member] Sold [Member]	Sep. 30, 2013 Operating Properties [Member]	Sep. 30, 2012 RioCan [Member]	Sep. 30, 2013 KIR [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) [Line Items]
Number of Joint Ventures							4				3														3			2
Number of Accounts	4		4
Sales of Real Estate												$ 735,000,000							$ 228,800,000	$ 603,500,000	$ 17,600,000									$ 180,000,000																$ 75,500,000	$ 127,000,000										$ 315,500,000									$ 153,300,000		$ 30,000,000
Transfer Mortgage Payable				13,655,000								609,200,000
Deferred Gain on Sale of Property												21,700,000
Guarantor Obligations, Current Carrying Value												145,200,000
Debt Instrument, Basis Spread on Variable Rate																	1.15%	5.00%
Debt Instrument, Convertible, Term												5 years
Number of Agreements																												1
Number of Real Estate Properties	22		22				60	[1],[2],[3]	61	[1],[2],[3]			0	[4]	138	[4]				11	9		2	10		2	84	81	[5],[6],[7]		87	[5],[6],[7]		12	[2],[8]	12	[2],[8]				[10],[11],[2],[9]	40	[10],[11],[2],[9]					56	[12],[2]	58	[12],[2]		21	[13],[2],[9]	22	[13],[2],[9]	29	[14],[15],[16],[17]	131	[14],[15],[16],[17]					1
Gains (Losses) on Sales of Investment Real Estate					3,000,000														30,900,000									6,100,000		8,300,000															12,100,000												21,800,000
Equity Method Investment, Ownership Percentage							15.00%	[1],[2],[3]	15.00%	[1],[2],[3]			0.00%	[4]		[4]													[5],[6],[7]			[5],[6],[7]	24.24%	39.50%	[2],[8]	15.20%	[2],[8]				[10],[11],[2],[9]	17.90%	[10],[11],[2],[9]						[12],[2]		[12],[2]		37.90%	[13],[2],[9]	37.70%	[13],[2],[9]		[14],[15],[16],[17]		[14],[15],[16],[17]	3.57%	66.70%	33.30%
Payments to Acquire Equity Method Investments							15,800,000																											38,300,000					1,100,000,000																						48,400,000
Payments to Acquire Real Estate			182,423,000	338,959,000																																		32,700,000						14,200,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			21,711,000	14,156,000																																								500,000		2,000,000
Gains (Losses) on Extinguishment of Debt																																																				2,400,000	13,700,000
Impairment of Real Estate				37,700,000		600,000	4,000,000													12,900,000		1,000,000						2,000,000																																						31,700,000
Gain (Loss) on Sale of Properties																												7,600,000
Noncontrolling Interest, Ownership Percentage by Parent																																																																33.30%
Release of Liability of Debt from Sale																				301,200,000
Gain (Loss) on Sale of Properties, before Applicable Income Taxes																				78,200,000	4,000,000
Income Tax Expense (Benefit)	24,238,000	5,520,000	28,110,000	13,581,000																		25,100,000
Other Income																																													1,100,000	2,600,000
Real Estate Partnership Investment Subsidiaries, Net Income (Loss) before Tax																																																																			7,500,000
Real Estate Tax Expense	$ 30,900,000	$ 28,823,000	$ 88,770,000	$ 84,131,000																																																															$ 1,500,000

[1] This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors ("PREI"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II.

[2] The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees.

[3] During the nine months ended September 30, 2013, the Company purchased the remaining interest in an operating property for a purchase price of $15.8 million. As a result of this transaction, KimPru recognized an impairment charge of $4.0 million, of which the Company's share was $0.6 million.

[4] The Company's share of this investment was subject to fluctuation and dependent upon property cash flows. During June 2013, the Intown portfolio was sold for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. The Company continues to maintain its guarantee of $145.2 million of outstanding debt assumed by the buyer. The guarantee is collateralized by the buyer's ownership interest in the portfolio. The Company is entitled to a guarantee fee, for the initial term of the loan, which is scheduled to mature in December 2015. The guarantee fee is calculated based upon the difference between LIBOR plus 1.15% and 5.0% per annum multiplied by the outstanding amount of the loan. Additionally, the Company has entered into a commitment to provide financing up to $145.2 million for five years past the date of maturity. This commitment can be in the form of extensions with the current lender, loans from a new lender or financing directly from the Company to the buyer. Due to this continued involvement, the Company deferred its gain until such time that the guarantee and commitment expire.

[5] During the nine months ended September 30, 2013, the Company amended one of its Canadian preferred equity investment agreements to restructure the investment as a pari passu joint venture in which the Company holds a noncontrolling interest. As a result of this transaction, the Company continues to account for its investment in this joint venture under the equity method of accounting and includes this investment in Investments and advances to real estate joint ventures within the Company's Condensed Consolidated Balance Sheets.

[6] During the nine months ended September 30, 2013, a joint venture in which the Company has a noncontrolling interest sold an operating property for a sales price of $7.6 million and recognized an impairment charge of $2.0 million. The Company's share of this impairment charge was $1.0 million.

[7] During the nine months ended September 30, 2013, two joint ventures in which the Company held noncontrolling interests sold two operating properties to the Company, in separate transactions, for an aggregate sales price of $228.8 million. The Company evaluated these transactions pursuant to the FASB's Consolidation guidance. As such, the Company recognized an aggregate gain of $30.9 million, before income tax, from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.

[8] During the nine months ended September 30, 2013, the Company purchased an additional 24.24% interest in Kimco Income Fund for $38.3 million.

[9] Ownership % is a blended rate

[10] During the nine months ended September 30, 2013, UBS sold an operating property to the Company for a sales price of $32.7 million, which was equal to the remaining debt balance. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such the Company recognized no gain or loss from a change in control and now consolidates this operating property.

[11] During June 2013, the Company increased its ownership interest in the UBS Programs to 33.3% and simultaneously UBS transferred its remaining 66.7% ownership interest in the UBS Programs to affiliates of Blackstone Real Estate Partners VII ("Blackstone"). Both of these transactions were based on a gross purchase price of $1.1 billion. Upon completion of these transactions, Blackstone and the Company entered into a new joint venture (Kimstone) in which the Company owns a 33.3% noncontrolling interest.

[12] During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $14.2 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such the Company recognized a gain of $0.5 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates this operating property.

[13] During the nine months ended September 30, 2013, BIG recognized a gain on early extinguishment of debt of $13.7 million related to a property that was foreclosed on by a third party lender. The Company's share of this gain was $2.4 million.

[14] During the nine months ended September 30, 2013, joint ventures in which the Company held noncontrolling interests sold ten operating properties located throughout Mexico for $315.5 million. These transactions resulted in an aggregate net gain to the Company of $21.8 million, after tax.

[15] During the nine months ended September 30, 2013, the Company and its joint venture partner sold their noncontrolling ownership interest in a joint venture which held interests in 84 operating properties located throughout Mexico for $603.5 million (including debt of $301.2 million). This transaction resulted in a net gain to the Company of $78.2 million, before income taxes of $25.1 million.

[16] During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold nine operating properties located throughout Chile for net proceeds of $17.6 million. This transaction resulted in a net gain to the Company of $4.0 million.

[17] The Company is currently in advanced negotiations to sell 11 operating properties located throughout Mexico, which are held in unconsolidated joint ventures in which the Company holds noncontrolling interests. Based upon the allocation of the selling price, the Company has recorded impairment charges of $12.9 million on six of these properties. (see Footnote 2 - Impairment Charges).

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Note 9 - Notes Payable (Details)	1 Months Ended	9 Months Ended			1 Months Ended	6 Months Ended	9 Months Ended		1 Months Ended			1 Months Ended
	May 31, 2013 USD ($)	Sep. 30, 2013 USD ($)	Sep. 30, 2012 USD ($)	Jul. 31, 2013 CAD	Oct. 23, 2013 Subsequent Event [Member] Matured October 1 [Member] USD ($)	Jun. 30, 2013 Scenario, Plan [Member] CAD	Sep. 30, 2013 Matured January 2013 [Member] USD ($)	Sep. 30, 2013 Matured June 2013 [Member] USD ($)	Mar. 31, 2013 Medium-term Notes [Member] MXN	Sep. 30, 2013 Medium-term Notes [Member] USD ($)	Sep. 30, 2013 Medium-term Notes [Member] MXN	May 31, 2013 Unsecured Debt [Member] USD ($)
Note 9 - Notes Payable (Details) [Line Items]
Debt Instrument, Term									5 years			10 years
Proceeds from Issuance of Unsecured Debt (in Pesos)		$ 621,562,000	$ 400,000,000						1,000,000,000
Debt Instrument, Basis Spread on Variable Rate									1.35%
Debt Instrument, Interest Rate, Effective Percentage									5.65%
Repayments of Notes Payable (in Pesos)									1,000,000,000
Debt Instrument, Interest Rate, Stated Percentage				3.855%	5.19%	5.18%	6.125%	4.70%	8.58%			3.125%
Long-term Debt (in Pesos)										76,900,000	1,000,000,000
Long-term Debt (in Dollars)										76,900,000	1,000,000,000
Debt Instrument, Face Amount (in Dollars and Dollars)				200,000,000								350,000,000
Proceeds from Notes Payable (in Dollars)												344,700,000
Debt Issuance Cost (in Dollars)												500,000
Repayments of Senior Debt (in Dollars)	75,000,000				100,000,000		100,000,000	75,000,000
Repayments of Medium-term Notes (in Dollars)						200,000,000

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Note 17 - Accumulated Other Comprehensive Income ("AOCI") (Tables)

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income Loss Disclosure [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Foreign Currency Translation Adjustments			Unrealized Gains on Available-for-Sale Investments			Total
Balance as of December 31, 2012	$	(85,404	)	$	19,222		$	(66,182	)
Other comprehensive income before reclassifications		(1,834	)		31,082			29,248
Amounts reclassified from AOCI (1)		-			(7,194	)		(7,194	)
Net current-period other comprehensive income		(1,834	)		23,888			22,054
Balance as of September 30, 2013	$	(87,238	)	$	43,110		$	(44,128	)

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Note 18 - Pro Forma Financial Information

9 Months Ended

Sep. 30, 2013

Pro Forma Financial Information [Abstract]

Pro Forma Financial Information [Text Block]

18. Pro Forma Financial Information

As discussed in Note 2, the Company and certain of its affiliates acquired and disposed of interests in certain operating properties during the nine months ended September 30, 2013. The pro forma financial information set forth below is based upon the Company’s historical Condensed Consolidated Statements of Income for the nine months ended September 30, 2013 and 2012, adjusted to give effect to these transactions at the beginning of 2012.

The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of each year, nor does it purport to represent the results of future operations (amounts presented in millions, except per share figures). 

	Nine Months Ended September 30,
	2013		2012
Revenues from rental property	$	696.8	$	663.7
Net income	$	186.0	$	179.5
Net income available to the Company’s common shareholders	$	136.7		104.3
Net income available to the Company’s common shareholders per common share:
Basic	$	0.34	$	0.26
Diluted	$	0.33	$	0.26

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Note 17 - Accumulated Other Comprehensive Income ("AOCI")

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income Loss Disclosure [Abstract]

Accumulated Other Comprehensive Income Loss Disclosure [Text Block]

17. Accumulated Other Comprehensive Income (“AOCI”)

The following table displays the change in the components of accumulated other comprehensive income for the nine months ended September 30, 2013:

	Foreign Currency Translation Adjustments			Unrealized Gains on Available-for-Sale Investments			Total
Balance as of December 31, 2012	$	(85,404	)	$	19,222		$	(66,182	)
Other comprehensive income before reclassifications		(1,834	)		31,082			29,248
Amounts reclassified from AOCI (1)		-			(7,194	)		(7,194	)
Net current-period other comprehensive income		(1,834	)		23,888			22,054
Balance as of September 30, 2013	$	(87,238	)	$	43,110		$	(44,128	)

(1) Amounts were reclassified to Interest, dividends and other investment income on the Company’s Condensed Consolidated Statements of Income.

At September 30, 2013, the Company had a net $87.2 million, after noncontrolling interests of $7.3 million, of unrealized cumulative translation adjustment (“CTA”) losses relating to its investments in foreign entities. The CTA is comprised of $25.9 million of unrealized gains relating to its Canadian investments and $113.1 million of unrealized losses relating to its Latin American investments. CTA results from currency fluctuations between local currency and the U.S. dollar during the period in which the Company held its investment. CTA amounts are subject to future changes resulting from ongoing fluctuations in the respective foreign currency exchange rates. Under U.S. GAAP, the Company is required to release CTA balances into earnings when the Company has substantially liquidated its investment in a foreign entity. During 2013, the Company began selling properties within its Latin American portfolio. The Company may, in the near term, substantially liquidate all of its investments in this portfolio which will require the then unrealized loss on foreign currency translation to be recognized as a charge against earnings.

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Note 3 - Discontinued Operations (Details) (USD $)	9 Months Ended					9 Months Ended				9 Months Ended
	Sep. 30, 2012	Sep. 30, 2013 sqft		Dec. 31, 2012	Sep. 30, 2013 Assets Held-for-sale [Member] Operating Properties [Member]	Sep. 30, 2013 Assets Held-for-sale [Member] Three Operating Properties [Member]	Sep. 30, 2013 Assets Held-for-sale [Member] Remaining [Member]	Sep. 30, 2013 Assets Held-for-sale [Member] sqft	Dec. 31, 2012 Operating Properties [Member] Sold [Member]	Sep. 30, 2013 Operating Properties [Member]
Note 3 - Discontinued Operations (Details) [Line Items]
Number of Real Estate Properties		22			8			3	1
(in Square Feet)		2,474,000	[1]					850,997
Real Estate Held-for-sale		$ 64,600,000					$ 108,000,000
Real Estate Investment Property, Accumulated Depreciation		1,864,904,000		1,745,462,000			11,100,000	5,700,000
Impairment of Real Estate	37,700,000					15,200,000				31,700,000
Fair Value Of Real Estate		$ 302,702,000		$ 52,505,000		$ 93,000,000

[1] Gross leasable area ("GLA")

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Note 12 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

	September 30, 2013				December 31, 2012
	Carrying Amounts		Estimated Fair Value		Carrying Amounts		Estimated Fair Value
Marketable securities (1)	$	88,656	$	88,939	$	36,541	$	36,825
Notes payable (2)	$	3,254,881	$	3,430,921	$	3,192,127	$	3,408,632
Mortgages payable (3)	$	1,125,771	$	1,181,135	$	1,003,190	$	1,068,616

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Balance at September 30, 2013		Level 1		Level 2		Level 3
Marketable equity securities	$	85,640	$	85,640	$	-	$	-

	Balance at December 31, 2012		Level 1		Level 2		Level 3
Marketable equity securities	$	33,428	$	33,428	$	-	$	-

	Balance at September 30, 2013		Level 1		Level 2		Level 3
Real estate	$	302,702	$	-	$	-	$	302,702
Joint venture investments	$	1,395	$	-	$	-	$	1,395
Cost method investment	$	4,992	$	-	$	-	$	4,992

	Balance at December 31, 2012		Level 1		Level 2		Level 3
Real estate	$	52,505	$	-	$	-	$	52,505

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Note 1 - Interim Financial Statements (Details)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Accounting Policies [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	10,983,598	11,205,056

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Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Investment Details (USD $) In Millions, unless otherwise specified	Sep. 30, 2013 sqft		Dec. 31, 2012 sqft
Schedule of Equity Method Investments [Line Items]
Number of Properties	22
Total GLA (in Square Feet)	2,474,000	[1]
KimPru and KimPru II [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	15.00%	[2],[3],[4]	15.00%	[2],[3],[4]
Number of Properties	60	[2],[3],[4]	61	[2],[3],[4]
Total GLA (in Square Feet)	10,600,000	[2],[3],[4]	10,700,000	[2],[3],[4]
Gross Investment In Real Estate	$ 2,719.4	[2],[3],[4]	$ 2,744.9	[2],[3],[4]
The Company's Investment	179.5	[2],[3],[4]	170.1	[2],[3],[4]
Kimco Income Opportunity Portfolio (“KIR”) [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	48.60%	[2],[5],[6]	45.00%	[2],[5],[6]
Number of Properties	57	[2],[5],[6]	58	[2],[5],[6]
Total GLA (in Square Feet)	12,000,000	[2],[5],[6]	12,400,000	[2],[5],[6]
Gross Investment In Real Estate	1,515.2	[2],[5],[6]	1,543.2	[2],[5],[6]
The Company's Investment	176.4	[2],[5],[6]	140.3	[2],[5],[6]
UBS Programs [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest		[2],[7],[8],[9]	17.90%	[2],[7],[8],[9]
Number of Properties		[2],[7],[8],[9]	40	[2],[7],[8],[9]
Total GLA (in Square Feet)		[2],[7],[8],[9]	5,700,000	[2],[7],[8],[9]
Gross Investment In Real Estate		[2],[7],[8],[9]	1,260.1	[2],[7],[8],[9]
The Company's Investment	1.1	[2],[7],[8],[9]	58.4	[2],[7],[8],[9]
BIG Shopping Centers [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	37.90%	[10],[2],[7]	37.70%	[10],[2],[7]
Number of Properties	21	[10],[2],[7]	22	[10],[2],[7]
Total GLA (in Square Feet)	3,400,000	[10],[2],[7]	3,600,000	[10],[2],[7]
Gross Investment In Real Estate	519.6	[10],[2],[7]	547.7	[10],[2],[7]
The Company's Investment	30.7	[10],[2],[7]	31.3	[10],[2],[7]
The Canada Pension Plan Investment Board (“CPP”) [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	55.00%	[2]	55.00%	[2]
Number of Properties	6	[2]	6	[2]
Total GLA (in Square Feet)	2,400,000	[2]	2,400,000	[2]
Gross Investment In Real Estate	436.5	[2]	436.1	[2]
The Company's Investment	146.7	[2]	149.5	[2]
Kimco Income Fund [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	39.50%	[11],[2]	15.20%	[11],[2]
Number of Properties	12	[11],[2]	12	[11],[2]
Total GLA (in Square Feet)	1,500,000	[11],[2]	1,500,000	[11],[2]
Gross Investment In Real Estate	288.1	[11],[2]	287.0	[11],[2]
The Company's Investment	51.1	[11],[2]	12.3	[11],[2]
SEB Immobilien [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	15.00%	[2]	15.00%	[2]
Number of Properties	13	[2]	13	[2]
Total GLA (in Square Feet)	1,800,000	[2]	1,800,000	[2]
Gross Investment In Real Estate	361.4	[2]	361.2	[2]
The Company's Investment	1.1	[2]	1.5	[2]
Other Institutional Programs [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest		[12],[2]		[12],[2]
Number of Properties	56	[12],[2]	58	[12],[2]
Total GLA (in Square Feet)	2,100,000	[12],[2]	2,600,000	[12],[2]
Gross Investment In Real Estate	453.2	[12],[2]	499.2	[12],[2]
The Company's Investment	16.9	[12],[2]	21.3	[12],[2]
RioCan [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	50.00%		50.00%
Number of Properties	45		45
Total GLA (in Square Feet)	9,300,000		9,300,000
Gross Investment In Real Estate	1,335.5		1,379.3
The Company's Investment	161.8		111.0
Intown [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	0.00%	[13]		[13]
Number of Properties	0	[13]	138	[13]
Total GLA (in Square Feet)	0	[13]		[13]
Gross Investment In Real Estate	0	[13]	841.0	[13]
The Company's Investment	0	[13]	86.9	[13]
Latin America [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest		[14],[15],[16],[17]		[14],[15],[16],[17]
Number of Properties	29	[14],[15],[16],[17]	131	[14],[15],[16],[17]
Total GLA (in Square Feet)	3,900,000	[14],[15],[16],[17]	18,000,000	[14],[15],[16],[17]
Gross Investment In Real Estate	332.3	[14],[15],[16],[17]	1,198.1	[14],[15],[16],[17]
The Company's Investment	162.4	[14],[15],[16],[17]	334.2	[14],[15],[16],[17]
Other Joint Venture Programs [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest		[18],[19],[20]		[18],[19],[20]
Number of Properties	81	[18],[19],[20]	87	[18],[19],[20]
Total GLA (in Square Feet)	12,400,000	[18],[19],[20]	13,200,000	[18],[19],[20]
Gross Investment In Real Estate	1,657.0	[18],[19],[20]	1,846.7	[18],[19],[20]
The Company's Investment	274.2	[18],[19],[20]	311.4	[18],[19],[20]
Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of Properties	419		671
Total GLA (in Square Feet)	65,000,000		81,200,000
Gross Investment In Real Estate	10,705.0		12,944.5
The Company's Investment	1,308.2		1,428.2
Kimstone [Member]
Schedule of Equity Method Investments [Line Items]
Average Ownership Interest	33.30%	[2],[8]		[2],[8]
Number of Properties	39	[2],[8]		[2],[8]
Total GLA (in Square Feet)	5,600,000	[2],[8]		[2],[8]
Gross Investment In Real Estate	1,086.8	[2],[8]		[2],[8]
The Company's Investment	$ 106.3	[2],[8]		[2],[8]

[1] Gross leasable area ("GLA")

[2] The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees.

[3] This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors ("PREI"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II.

[4] During the nine months ended September 30, 2013, the Company purchased the remaining interest in an operating property for a purchase price of $15.8 million. As a result of this transaction, KimPru recognized an impairment charge of $4.0 million, of which the Company's share was $0.6 million.

[5] During the nine months ended September 30, 2013, the Company purchased an additional 3.57% interest in KIR for $48.4 million.

[6] During the nine months ended September 30, 2013, KIR sold an operating property in Cincinnati, OH for a sales price of $30.0 million and recognized a gain of $6.1 million. The Company's share of this gain was $3.0 million.

[7] Ownership % is a blended rate

[8] During June 2013, the Company increased its ownership interest in the UBS Programs to 33.3% and simultaneously UBS transferred its remaining 66.7% ownership interest in the UBS Programs to affiliates of Blackstone Real Estate Partners VII ("Blackstone"). Both of these transactions were based on a gross purchase price of $1.1 billion. Upon completion of these transactions, Blackstone and the Company entered into a new joint venture (Kimstone) in which the Company owns a 33.3% noncontrolling interest.

[9] During the nine months ended September 30, 2013, UBS sold an operating property to the Company for a sales price of $32.7 million, which was equal to the remaining debt balance. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such the Company recognized no gain or loss from a change in control and now consolidates this operating property.

[10] During the nine months ended September 30, 2013, BIG recognized a gain on early extinguishment of debt of $13.7 million related to a property that was foreclosed on by a third party lender. The Company's share of this gain was $2.4 million.

[11] During the nine months ended September 30, 2013, the Company purchased an additional 24.24% interest in Kimco Income Fund for $38.3 million.

[12] During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $14.2 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such the Company recognized a gain of $0.5 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates this operating property.

[13] The Company's share of this investment was subject to fluctuation and dependent upon property cash flows. During June 2013, the Intown portfolio was sold for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. The Company continues to maintain its guarantee of $145.2 million of outstanding debt assumed by the buyer. The guarantee is collateralized by the buyer's ownership interest in the portfolio. The Company is entitled to a guarantee fee, for the initial term of the loan, which is scheduled to mature in December 2015. The guarantee fee is calculated based upon the difference between LIBOR plus 1.15% and 5.0% per annum multiplied by the outstanding amount of the loan. Additionally, the Company has entered into a commitment to provide financing up to $145.2 million for five years past the date of maturity. This commitment can be in the form of extensions with the current lender, loans from a new lender or financing directly from the Company to the buyer. Due to this continued involvement, the Company deferred its gain until such time that the guarantee and commitment expire.

[14] During the nine months ended September 30, 2013, joint ventures in which the Company held noncontrolling interests sold ten operating properties located throughout Mexico for $315.5 million. These transactions resulted in an aggregate net gain to the Company of $21.8 million, after tax.

[15] During the nine months ended September 30, 2013, the Company and its joint venture partner sold their noncontrolling ownership interest in a joint venture which held interests in 84 operating properties located throughout Mexico for $603.5 million (including debt of $301.2 million). This transaction resulted in a net gain to the Company of $78.2 million, before income taxes of $25.1 million.

[16] During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold nine operating properties located throughout Chile for net proceeds of $17.6 million. This transaction resulted in a net gain to the Company of $4.0 million.

[17] The Company is currently in advanced negotiations to sell 11 operating properties located throughout Mexico, which are held in unconsolidated joint ventures in which the Company holds noncontrolling interests. Based upon the allocation of the selling price, the Company has recorded impairment charges of $12.9 million on six of these properties. (see Footnote 2 - Impairment Charges).

[18] During the nine months ended September 30, 2013, the Company amended one of its Canadian preferred equity investment agreements to restructure the investment as a pari passu joint venture in which the Company holds a noncontrolling interest. As a result of this transaction, the Company continues to account for its investment in this joint venture under the equity method of accounting and includes this investment in Investments and advances to real estate joint ventures within the Company's Condensed Consolidated Balance Sheets.

[19] During the nine months ended September 30, 2013, a joint venture in which the Company has a noncontrolling interest sold an operating property for a sales price of $7.6 million and recognized an impairment charge of $2.0 million. The Company's share of this impairment charge was $1.0 million.

[20] During the nine months ended September 30, 2013, two joint ventures in which the Company held noncontrolling interests sold two operating properties to the Company, in separate transactions, for an aggregate sales price of $228.8 million. The Company evaluated these transactions pursuant to the FASB's Consolidation guidance. As such, the Company recognized an aggregate gain of $30.9 million, before income tax, from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.

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Note 3 - Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Discontinued operations:
Revenues from rental property	$	6,093		$	13,941		$	21,329		$	46,587
Rental property expenses		(2,465	)		(4,630	)		(7,575	)		(17,289	)
Depreciation and amortization		(1,220	)		(2,920	)		(5,076	)		(17,317	)
Provision for doubtful accounts		(389	)		(514	)		(815	)		(1,551	)
Interest (expense)/income		-			(848	)		300			(1,997	)
Other expense, net		(65	)		(122	)		(173	)		(353	)
Income from discontinued operating properties, before income taxes		1,954			4,907			7,990			8,080
Impairment of property carrying value, net, before income taxes		(10,842	)		(3,169	)		(58,107	)		(37,414	)
Gain on disposition of operating properties, net		28,244			13,278			32,608			36,520
(Provision)/benefit for income taxes, net		(4,884	)		(1,656	)		10,993			7,061
Income/(loss) from discontinued operating properties		14,472			13,360			(6,516	)		14,247
Net (income)/loss attributable to noncontrolling interests		(11	)		814			(39	)		(1,586	)
Income/(loss )from discontinued operations attributable to the Company	$	14,461		$	14,174		$	(6,555	)	$	12,661

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Note 14 - Supplemental Schedule of Non-Cash Investing / Financing Activities (Details) - Non-Cash Investing and Financing Activities (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Note 14 - Supplemental Schedule of Non-Cash Investing / Financing Activities (Details) - Non-Cash Investing and Financing Activities [Line Items]
Acquisition of real estate interests by assumption of mortgage debt	$ 36,716	$ 159,198
Acquisition of real estate interests by issuance of redeemable units	77,593
Acquisition of real estate interests through mortgage receivable foreclosure	24,322
Issuance of restricted common stock	9,213	18,066
Surrender of restricted common stock	(3,851)	(2,073)
Disposition of real estate interests by assignment of debt		13,655
Disposition of real estate through the issuance of an unsecured obligation	3,513	1,750
Declaration of dividends paid in succeeding period	98,334	94,856	96,518
Consolidation of Joint Ventures:
Increase in real estate and other assets	228,200
Increase in mortgages payable	206,489
Noncash [Member]
Note 14 - Supplemental Schedule of Non-Cash Investing / Financing Activities (Details) - Non-Cash Investing and Financing Activities [Line Items]
Acquisition of real estate interests by issuance of redeemable units	$ 3,985

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Note 13 - Preferred Stock (Details) - Outstanding Preferred Stock (USD $) In Thousands, except Share data, unless otherwise specified								9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013 Series H, I, J & K Preferred Stock [Member] Series H Preferred Stock [Member]	Sep. 30, 2013 Series H, I, J & K Preferred Stock [Member] Series I Preferred Stock [Member]	Sep. 30, 2013 Series H, I, J & K Preferred Stock [Member] Series J Preferred Stock [Member]	Sep. 30, 2013 Series H, I, J & K Preferred Stock [Member] Series K Preferred Stock [Member]	Sep. 30, 2013 Series H, I, J & K Preferred Stock [Member]	Sep. 30, 2013 Series H Preferred Stock [Member]	Sep. 30, 2013 Series I Preferred Stock [Member]	Sep. 30, 2013 Series J Preferred Stock [Member]	Sep. 30, 2013 Series K Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	5,961,200	5,961,200	70,000	18,400	9,000	8,050	105,450
Shares Issued and Outstanding	102,000	102,000						70,000	16,000	9,000	7,000
Liquidation Preference (in Dollars)	$ 975,000	$ 975,000						$ 175,000	$ 400,000	$ 225,000	$ 175,000
Dividend Rate								6.90%	6.00%	5.50%	5.625%
Annual Dividend per Depositary Share (in Dollars per share)								$ 1.72500	$ 1.50000	$ 1.37500	$ 1.40625
Par Value (in Dollars per share)	$ 1.00	$ 1.00						$ 1.00	$ 1.00	$ 1.00	$ 1.00

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Note 2 - Operating Property Activities (Details) - Acquisitions (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013 sqft
Business Acquisition [Line Items]
Purchase Price (Cash)	$ 156,161
Purchase Price (Debt Assumed)	239,362
Purchase Price (Other)	77,593
Purchase Price (Total)	473,116
GLA (in Square Feet)	2,474,000	[1]
Santee Trolley Square [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	26,863	[2]
Purchase Price (Debt Assumed)	48,456	[2]
Purchase Price (Other)	22,681	[2]
Purchase Price (Total)	98,000	[2]
GLA (in Square Feet)	311,000	[1],[2]
Shops at Kildeer [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)		[3]
Purchase Price (Debt Assumed)	32,724	[3]
Purchase Price (Other)		[3]
Purchase Price (Total)	32,724	[3]
GLA (in Square Feet)	168,000	[1],[3]
Village Commons S.C. [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	7,100
Purchase Price (Total)	7,100
GLA (in Square Feet)	125,000	[1]
Putty Hill Plaza [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	4,592	[4]
Purchase Price (Debt Assumed)	9,115	[4]
Purchase Price (Other)	489	[4]
Purchase Price (Total)	14,196	[4]
GLA (in Square Feet)	91,000	[1],[4]
Columbia Crossing II S.C. [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	21,800
Purchase Price (Total)	21,800
GLA (in Square Feet)	101,000	[1]
Roseville Plaza [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	5,143
Purchase Price (Total)	5,143
GLA (in Square Feet)	80,000	[1]
Wilton River Park [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	777	[5]
Purchase Price (Debt Assumed)	36,000	[5]
Purchase Price (Other)	5,223	[5]
Purchase Price (Total)	42,000	[5]
GLA (in Square Feet)	187,000	[1],[5]
Canyon Square [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	1,950	[6]
Purchase Price (Debt Assumed)	13,800	[6]
Purchase Price (Other)		[6]
Purchase Price (Total)	15,750	[6]
GLA (in Square Feet)	97,000	[1],[6]
JTS Portfolio [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)		[7]
Purchase Price (Debt Assumed)	43,267	[7]
Purchase Price (Other)	11,733	[7]
Purchase Price (Total)	55,000	[7]
GLA (in Square Feet)	520,000	[1],[7]
Factoria Mall [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	37,283	[8]
Purchase Price (Debt Assumed)	56,000	[8]
Purchase Price (Other)	37,467	[8]
Purchase Price (Total)	130,750	[8]
GLA (in Square Feet)	510,000	[1],[8]
6 Out-parcels [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	13,053
Purchase Price (Total)	13,053
GLA (in Square Feet)	97,000	[1]
Highlands Ranch II [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	14,600
Purchase Price (Total)	14,600
GLA (in Square Feet)	44,000
Elmsford [Member]
Business Acquisition [Line Items]
Purchase Price (Cash)	23,000
Purchase Price (Total)	$ 23,000
GLA (in Square Feet)	143,000

[1] Gross leasable area ("GLA")

[2] This property was acquired from a joint venture in which the Company had a 45% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $22.7 million, before income tax, from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.

[3] This property was acquired from a joint venture in which the Company had a 19% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.

[4] The Company acquired the remaining 80% interest in an operating property from an unconsolidated joint venture in which the Company had a 20% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $0.5 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.

[5] The acquisition of this property included the issuance of $5.2 million of redeemable units, which are redeemable at the option of the holder after one year and earn a yield of 6% per annum, which is included in the purchase price above in Other. In connection with this transaction, the Company provided the sellers a $5.2 million loan at a rate of 6.5%, which is secured by the redeemable units.

[6] This property was acquired from a joint venture in which the Company has a 15% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.

[7] The Company acquired the remaining interest in a portfolio of office properties from a preferred equity investment in which the Company held a noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a change in control loss of $9.6 million from the fair value adjustment associated with the Company's original ownership, which is reflected in the purchase price above in Other. The debt assumed in connection with this transaction of $43.3 million was repaid in April 2013.

[8] The Company acquired an additional 49% interest in this operating property from an unconsolidated joint venture in which the Company had a 50% noncontrolling interest. As such the Company now consolidates this investment. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as a result, recognized a gain of $8.2 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.

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Note 17 - Accumulated Other Comprehensive Income ("AOCI") (Details) - Accumulated Other Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (44,128)		$ (44,128)			$ (66,182)
Other comprehensive income before reclassifications			29,248
Amounts reclassified from AOCI (1)			(7,194)	[1]
Net current-period other comprehensive income	17,965	44,220	21,689		55,092
Accumulated Translation Adjustment [Member] | Current Period [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net current-period other comprehensive income			(1,834)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(87,238)		(87,238)			(85,404)
Other comprehensive income before reclassifications			(1,834)
Amounts reclassified from AOCI (1)				[1]
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Current Period [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net current-period other comprehensive income			23,888
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	43,110		43,110			19,222
Other comprehensive income before reclassifications			31,082
Amounts reclassified from AOCI (1)			(7,194)	[1]
Current Period [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net current-period other comprehensive income			$ 22,054

[1] Amounts were reclassified to Interest, dividends and other investment income on the Company's Condensed Consolidated Statements of Income.

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Note 16 - Taxable REIT Subsidiaries ("TRS")

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

16. Taxable REIT Subsidiaries (“TRS”)

The Company is subject to federal, state and local income taxes on the income from its TRS activities, which include wholly owned subsidiaries of the Company, Kimco Realty Services ("KRS"), which due to a merger on April 1, 2013 includes FNC Realty Corporation (“FNC”), and the consolidated entity Blue Ridge Real Estate Company/Big Boulder Corporation.  On April 2, 2013, the Company contributed its interest in FNC to KRS and KRS acquired all of the outstanding stock of FNC in a reverse cash merger. The Company is also subject to local non-U.S. taxes on certain investments located outside the U.S.

Income taxes have been provided for on the asset and liability method as required by the FASB’s Income Taxes guidance.  Under the asset and liability method, deferred income taxes are recognized for the temporary differences between the financial reporting basis and the tax basis of the taxable assets and liabilities.

The Company’s deferred tax assets and liabilities, which are included in the caption Other assets and Other liabilities on the accompanying Condensed Consolidated Balance Sheets, at September 30, 2013 and December 31, 2012, were as follows (in thousands):

	September 30, 2013			December 31, 2012
Deferred tax assets:
Tax/GAAP basis differences	$	53,231		$	68,623
Net operating losses		75,924			43,483
Related party deferred loss		6,214			6,214
Tax credit carryforwards		3,773			3,815
Capital loss carryforwards		-			647
Charitable contribution carryforward		-			3
Non-U.S. tax/GAAP basis differences		56,991			62,548
Valuation allowance – U.S.		(25,045	)		(33,783	)
Valuation allowance – Non-U.S.		(33,755	)		(38,129	)
Total deferred tax assets		137,333			113,421
Deferred tax liabilities – U.S.		(19,057	)		(9,933	)
Deferred tax liabilities – Non-U.S.		(9,453	)		(13,263	)
Net deferred tax assets	$	108,823		$	90,225

As of September 30, 2013, the Company had net deferred tax assets of $108.8 million comprised of (i) $95.0 million primarily related to KRS (including $19.7 million related to FNC) and (ii) $13.8 million related to its foreign investments. During the nine months ended September 30, 2013, the Company determined that a reduction of $8.7 million of the valuation allowance against FNC’s deferred tax assets was deemed appropriate based on expected future taxable income. In addition, the Company determined that no additional valuation allowance was needed against the remaining net deferred tax asset as future earnings are anticipated to be sufficient to more likely than not realize its net deferred tax asset. The Company based its determination on an analysis of both positive and negative evidence. If future income projections do not occur as forecasted and future taxable earnings are insufficient, the Company will reevaluate the need for an additional valuation allowance.

Uncertain Tax Positions:

The Company is subject to income tax in certain jurisdictions outside the U.S., principally Canada and Mexico.  The statute of limitations on assessment of tax varies from three to seven years depending on the jurisdiction and tax issue. Tax returns filed in each jurisdiction are subject to examination by local tax authorities.  The Company is currently under audit by the Canadian Revenue Agency, Mexican Tax Authority and the U.S. Internal Revenue Service (“IRS”).  In October 2011, the IRS issued a notice of proposed adjustment, which proposes pursuant to Section 482 of the Code, to disallow a capital loss claimed by KRS on the disposition of common shares of Valad Property Ltd., an Australian publicly listed company.  Because the adjustment is being made pursuant to Section 482 of the Code, the IRS may assert a 100 percent “penalty” tax pursuant to Section 857(b)(7) of the Code in lieu of disallowing the capital loss deduction. The notice of proposed adjustment indicates the IRS’ intention to impose the 100 percent penalty tax on the Company in the amount of $40.9 million and disallowing the capital loss claimed by KRS.  The Company strongly disagrees with the IRS’ position on the application of Section 482 of the Code to the disposition of the shares, the imposition of the 100 percent penalty tax and the simultaneous assertion of the penalty tax and disallowance of the capital loss deduction. The Company received a Notice of Proposed Assessment and filed a written protest and requested an IRS Appeals Office conference, which has yet to be scheduled.  The Company intends to vigorously defend its position in this matter and believes it will prevail. Resolutions of the above mentioned audits in the U.S., Canada and Mexico are not expected to have a material effect on the Company’s financial statements.

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Condensed Consolidated Statements of Changes in Equity (Unaudited) (USD $) In Thousands	Accumulated Distributions in Excess of Net Income [Member]	Accumulated Other Comprehensive Income (Loss) [Member] Interest Rate Swap [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member] Common Stock [Member]	Additional Paid-in Capital [Member] Preferred Stock [Member]	Additional Paid-in Capital [Member]	Parent [Member] Interest Rate Swap [Member]	Parent [Member] Common Stock [Member]	Parent [Member] Preferred Stock [Member]	Parent [Member]	Noncontrolling Interest [Member]	Interest Rate Swap [Member]	Common Stock [Member]	Preferred Stock [Member]	Total
Balance at Dec. 31, 2011	$ (702,999)		$ (107,660)		$ 954		$ 4,069			$ 5,492,022				$ 4,686,386	$ 193,757				$ 4,880,143
Balance (in Shares) at Dec. 31, 2011					954		406,938
Contributions from noncontrolling interests															1,343				1,343
Net income	177,692													177,692	10,928				188,620
Change in unrealized gain on marketable securities			2,311											2,311					2,311
Change in unrealized gain on interest rate swaps		403									403					403
Change in foreign currency translation adjustment			48,161											48,161	4,217				52,378
Redeemable noncontrolling interests															(4,745)				(4,745)
Dividends	(287,790)													(287,790)					(287,790)
Distributions to noncontrolling interests															(11,874)				(11,874)
Issuance of stock				25		11		18,055	605,046			18,066	605,071				18,066	605,071	18,066
Issuance of stock (in Shares)				25		1,093
Surrender of restricted stock																			(2,073)
Exercise of common stock options							13			20,018				20,031					20,031
Exercise of common stock options (in Shares)							1,325
Acquisition of noncontrolling interests										296				296	(23,164)				(22,868)
Amortization of equity awards										10,109				10,109					10,109
Redemption of preferred stock					(700)					(174,300)				(175,000)					(175,000)
Redemption of preferred stock (in Shares)					(700)
Surrender of common stock							(1)			(2,072)				(2,073)					(2,073)
Surrender of common stock (in Shares)							(111)
Repurchase of common stock							(16)			(30,930)				(30,946)					(30,946)
Repurchase of common stock (in Shares)							(1,636)
Balance at Sep. 30, 2012	(813,097)		(56,785)		279		4,076			5,938,244				5,072,717	170,462				5,243,179
Balance (in Shares) at Sep. 30, 2012					279		407,609
Balance at Dec. 31, 2012	(824,008)		(66,182)		102		4,078			5,651,170				4,765,160	167,320				4,932,480
Balance (in Shares) at Dec. 31, 2012					102		407,782
Contributions from noncontrolling interests															937				937
Net income	174,672													174,672	6,296				180,968
Change in unrealized gain on marketable securities			23,888											23,888					23,888
Change in foreign currency translation adjustment			(1,834)											(1,834)	(365)				(2,199)
Redeemable noncontrolling interests															(5,140)				(5,140)
Dividends	(301,569)													(301,569)					(301,569)
Distributions to noncontrolling interests															(6,387)				(6,387)
Issuance of stock						5		9,208				9,213					9,213		9,213
Issuance of stock (in Shares)						560
Surrender of restricted stock							(2)			(3,849)				(3,851)					(3,851)
Surrender of restricted stock (in Shares)							(245)
Exercise of common stock options							16			29,028				29,044					29,044
Exercise of common stock options (in Shares)							1,559
Acquisition of noncontrolling interests										(5,992)				(5,992)	(20,096)				(26,088)
Amortization of equity awards										8,856				8,856					8,856
Balance at Sep. 30, 2013	$ (950,905)		$ (44,128)		$ 102		$ 4,097			$ 5,688,421				$ 4,697,587	$ 142,565				$ 4,840,152
Balance (in Shares) at Sep. 30, 2013					102		409,656

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Net income	$ 180,968	$ 188,620
Depreciation and amortization	191,420	197,964
Impairment charges	109,000
Gain on sale of operating properties	(29,859)	(44,596)
Equity in income of joint ventures, net	(179,791)	(89,587)
Gains on change in control of interests	(21,711)	(14,156)
Equity in income from other real estate investments, net	(29,910)	(35,340)
Distributions from joint ventures and other real estate investments	211,362	150,721
Change in accounts and notes receivable	11,414	11,249
Change in accounts payable and accrued expenses	69,053	34,915
Change in other operating assets and liabilities	(36,258)	(29,940)
Net cash flow provided by operating activities	533,841	407,590
Acquisition of operating real estate	(182,423)	(338,959)
Investment in marketable securities	(33,588)
Proceeds from sale/repayments of marketable securities	10,800	156
Investments and advances to real estate joint ventures	(289,494)	(159,121)
Reimbursements of investments and advances to real estate joint ventures	409,748	135,987
Investment in other real estate investments	(23,488)	(4,215)
Reimbursements of investments and advances to other real estate investments	19,557	26,637
Investment in mortgage loans receivable	(11,469)	(15,623)
Collection of mortgage loans receivable	13,900	24,613
Investment in other investments	(21,366)	(924)
Reimbursements of other investments	9,175	9,538
Proceeds from sale of operating properties	247,965	277,174
Net cash flow provided by (used for) investing activities	70,286	(130,050)
Principal payments on debt, excluding normal amortization of rental property debt	(132,492)	(212,105)
Principal payments on rental property debt	(18,264)	(17,585)
Principal payments on construction loan financings		(213)
Proceeds from mortgage/construction loan financings	35,974	6,276
Repayments under unsecured revolving credit facility, net	(99,076)	(226,558)
Borrowings under unsecured term loan/notes	621,562	400,000
Repayments under unsecured term loan/notes	(446,717)	(17,000)
Financing origination costs	(7,365)	(1,904)
Redemption of/distributions to noncontrolling interests	(27,184)	(25,868)
Dividends paid	(299,754)	(285,092)
Proceeds from issuance of stock	29,044	625,102
Redemption of preferred stock		(175,000)
Repurchase of common stock		(30,946)
Net cash flow (used for) provided by financing activities	(344,272)	39,107
Change in cash and cash equivalents	259,855	316,647
Cash and cash equivalents, beginning of period	141,875	112,882
Cash and cash equivalents, end of period	401,730	429,529
Interest paid during the period (net of capitalized interest of $888 and $1,273, respectively)	142,805	149,976
Income taxes paid during the period	1,240	1,970
Operating Real Estate [Member]
Improvements to real estate	(78,490)	(82,890)
Real Estate Under Development [Member]
Improvements to real estate	(541)	(2,423)
Impairment Charges [Member]
Impairment charges	$ 167,153	$ 37,740

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Note 2 - Operating Property Activities

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

2. Operating Property Activities

Acquisitions -

During the nine months ended September 30, 2013, the Company acquired the following properties, in separate transactions (in thousands):

			Purchase Price
Property Name	Location	Month Acquired	Cash		Debt Assumed		Other		Total		GLA*
Santee Trolley Square(1)	Santee, CA	Jan-13	$	26,863	$	48,456	$	22,681	$	98,000		311
Shops at Kildeer (2)	Kildeer, IL	Jan-13		-		32,724		-		32,724		168
Village Commons S.C.	Tallahassee, FL	Jan-13		7,100		-		-		7,100		125
Putty Hill Plaza (3)	Baltimore, MD	Jan-13		4,592		9,115		489		14,196		91
Columbia Crossing II S.C.	Columbia, MD	Jan-13		21,800		-		-		21,800		101
Roseville Plaza (Parcel)	Roseville, MN	Jan-13		5,143		-		-		5,143		80
Wilton River Park (4)	Wilton, CT	Mar-13		777		36,000		5,223		42,000		187
Canyon Square (5)	Santa Clarita, CA	Apr-13		1,950		13,800		-		15,750		97
JTS Portfolio (6)	Baton Rouge, LA	Apr-13		-		43,267		11,733		55,000		520
Factoria Mall (7)	Bellevue, WA	May-13		37,283		56,000		37,467		130,750		510
6 Out-parcels	Various	Jun-13		13,053		-		-		13,053		97
Highlands Ranch II	Highlands Ranch, CO	July-13		14,600		-		-		14,600		44
Elmsford	Elmsford, NY	Aug-13		23,000		-		-		23,000		143
			$	156,161	$	239,362	$	77,593	$	473,116		2,474

* Gross leasable area ("GLA")

(1)	This property was acquired from a joint venture in which the Company had a 45% noncontrolling interest.  The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a gain of $22.7 million, before income tax, from the fair value adjustment associated with the Company’s original ownership due to a change in control, which is reflected in the purchase price above in Other.
(2)	This property was acquired from a joint venture in which the Company had a 19% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
(3)	The Company acquired the remaining 80% interest in an operating property from an unconsolidated joint venture in which the Company had a 20% noncontrolling interest.  The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a gain of $0.5 million from the fair value adjustment associated with the Company’s original ownership due to a change in control, which is reflected in the purchase price above in Other.
(4)	The acquisition of this property included the issuance of $5.2 million of redeemable units, which are redeemable at the option of the holder after one year and earn a yield of 6% per annum, which is included in the purchase price above in Other. In connection with this transaction, the Company provided the sellers a $5.2 million loan at a rate of 6.5%, which is secured by the redeemable units.
(5)	This property was acquired from a joint venture in which the Company has a 15% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
(6)	The Company acquired the remaining interest in a portfolio of office properties from a preferred equity investment in which the Company held a noncontrolling interest. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a change in control loss of $9.6 million from the fair value adjustment associated with the Company’s original ownership, which is reflected in the purchase price above in Other. The debt assumed in connection with this transaction of $43.3 million was repaid in April 2013.
(7)	The Company acquired an additional 49% interest in this operating property from an unconsolidated joint venture in which the Company had a 50% noncontrolling interest. As such the Company now consolidates this investment. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as a result, recognized a gain of $8.2 million from the fair value adjustment associated with the Company’s original ownership due to a change in control, which is reflected in the purchase price above in Other.

The aggregate purchase price of the properties acquired during the nine months ended September 30, 2013 has been allocated as follows (in thousands):

Land	$	136,969
Buildings		244,194
Above Market Rents		10,787
Below Market Rents		(15,075	)
In-Place Leases		21,532
Building Improvements		65,274
Tenant Improvements		12,851
Mortgage Fair Value Adjustment		(3,884	)
Other Assets		867
Other Liabilities		(399	)
	$	473,116

During the nine months ended September 30, 2013, the Company acquired the remaining ownership interest in FNC Realty Corporation (“FNC”) of 17.3% for $20.3 million. As a result of this transaction the Company now owns 100% of FNC. The Company had previously and continues to consolidate FNC. Since there was no change in control from this transaction, the purchase of the additional interest resulted in a decrease in noncontrolling interest of $19.6 million and a decrease in the Company’s Paid-in capital of $0.7 million during 2013.

Additionally, during the nine months ended September 30, 2013, the Company acquired the remaining interest in three previously consolidated joint ventures for $6.5 million. The Company continues to consolidate these entities as there was no change in control from these transactions. The purchase of the remaining partnership interests resulted in an aggregate decrease in noncontrolling interest of $0.4 million and an aggregate decrease of $4.8 million, after income taxes, to the Company’s Paid-in capital, during the nine months ended September 30, 2013.

Dispositions –

During the nine months ended September 30, 2013, the Company disposed of 22 operating properties and three out-parcels in separate transactions, for an aggregate sales price of $153.3 million. These transactions, which are included in Discontinued Operations, resulted in an aggregate gain of $9.5 million and impairment charges of $31.7 million, after income taxes.

Additionally, during the nine months ended September 30, 2013, the Company sold four properties in its Mexico portfolio for an aggregate sales price of 84.0 million. These transactions, which are included in Discontinued Operations, resulted in an aggregate gain of $18.3 million, after income taxes, and impairment charges of $6.0 million.

Impairment Charges -

During the nine months ended September 30, 2013, the Company recognized aggregate impairment charges of $109.0 million, which are included in Impairment charges under Operating expenses on the Company’s Condensed Consolidated Statements of Income, as follows (in millions):

Mexico operating properties (1)	$	66.9
Land parcels (2)		17.4
Operating properties (2)		10.5
Cost method investment (3)		10.0
Preferred equity investment (4)		3.2
Joint venture investments (2)		1.0
Total	$	109.0

(1) Impairments resulted from the Company currently being in advanced negotiations to sell 27 operating properties within its Mexico portfolio. Based upon the allocation of the estimated selling prices, the Company determined that for 14 of these properties the estimated fair values are below the current carrying value. As such, the Company has recorded impairment charges of $76.7 million, after noncontrolling interests of $3.1 million ($66.9 million of which relates to eight consolidated properties and $12.9 million relates to six properties within the Company’s joint venture investments). These impairments resulted from the Company’s efforts to market certain assets within the Company’s Latin American portfolio and management’s assessment as to the likelihood and timing of such potential transactions. The above amounts are subject to change based upon finalization of contract terms, closing costs, additional cash amounts received as earn outs and fluctuations in the Mexican Peso exchange rate (see Footnote 17).

(2) Impairments are based upon purchase prices or purchase price offers. These impairments resulted from the Company’s efforts to market certain assets and management’s assessment as to the likelihood and timing of such potential transactions.

(3) The Company reviewed the underlying cause of the decline in value of this asset, as well as the severity and the duration of the decline and determined that the decline was other-than-temporary. Based upon the calculation of an estimated fair value of $5.0 million using a discounted cash flow model (see Footnote 12) impairment charges were recognized.

(4) Based upon a review of the debt maturity status and the likelihood of foreclosure of the underlying property within this preferred equity investment, the Company believes it will not recover its investment and as such recorded a full impairment of its investment.

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Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Capitalized interest	$ 888	$ 1,273

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Note 1 - Interim Financial Statements (Details) - Earnings Per Share (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Earnings Per Share [Abstract]
Income from continuing operations	$ 42,176		$ 43,724		$ 186,404		$ 170,314
Gain on sale of operating properties, net of tax	540				1,080		4,059
Net income attributable to noncontrolling interests	(1,425)		(2,143)		(6,296)		(10,928)
Discontinued operations attributable to noncontrolling interests	11		(814)		39		1,586
Preferred stock redemption costs			(6,213)				(6,213)
Preferred stock dividends	(14,573)		(21,622)		(43,720)		(58,037)
Income from continuing operations available to the common shareholders	26,729		12,932		137,507		100,781
Earnings attributable to unvested restricted shares	(337)		(298)		(1,011)		(893)
Income from continuing operations attributable to common shareholders	26,392		12,634		136,496		99,888
Income/(loss) from discontinued operations attributable to the Company	14,461		14,174		(6,555)		12,661
Net income attributable to the Company’s common shareholders for basic earnings per share	40,853		26,808		129,941		112,549
Weighted average common shares outstanding (in Shares)	408,060		405,810		407,459		405,880
Effect of dilutive securities (a):
Equity awards (in Shares)	806	[1]	937	[1]	1,051	[1]	770	[1]
Income from continuing operations (in Dollars per share)	$ 0.06		$ 0.03		$ 0.33		$ 0.25
Income/(loss) from discontinued operations (in Dollars per share)	$ 0.04		$ 0.04		$ (0.01)		$ 0.03
Net income (in Dollars per share)	$ 0.10		$ 0.07		$ 0.32		$ 0.28
Computation of Diluted Earnings Per Share:
Income from continuing operations attributable to common shareholders	26,392		12,634		136,496		99,888
Income/(loss) from discontinued operations attributable to the Company	14,461		14,174		(6,555)		12,661
Net income attributable to the Company’s common shareholders for diluted earnings per share	$ 40,853		$ 26,808		$ 129,941		$ 112,549
Weighted average common shares outstanding – basic (in Shares)	408,060		405,810		407,459		405,880
Effect of dilutive securities (a):
Equity awards (in Shares)	806	[1]	937	[1]	1,051	[1]	770	[1]
Shares for diluted earnings per common share (in Shares)	408,866		406,747		408,510		406,650
Income from continuing operations (in Dollars per share)	$ 0.06		$ 0.03		$ 0.33		$ 0.25
Income/(loss) from discontinued operations (in Dollars per share)	$ 0.04		$ 0.04		$ (0.01)		$ 0.03
Net income (in Dollars per share)	$ 0.10		$ 0.07		$ 0.32		$ 0.28

[1] For the three and nine months ended September 30, 2013 and 2012, the effect of certain convertible units would have an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversion has not been included in the determination of diluted earnings per share calculations. Additionally, there were 10,983,598 and 11,205,056 stock options that were not dilutive at September 30, 2013 and 2012, respectively.

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Accounting Policies, by Policy (Policies)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Principles of Consolidation -

The accompanying Condensed Consolidated Financial Statements include the accounts of Kimco Realty Corporation and Subsidiaries, (the “Company”). The Company’s Subsidiaries includes subsidiaries which are wholly-owned, and all entities in which the Company has a controlling financial interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) or meets certain criteria of a sole general partner or managing member in accordance with the Consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-company balances and transactions have been eliminated in consolidation.  The information furnished in the accompanying Condensed Consolidated Financial Statements is unaudited and reflects all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature.  These Condensed Consolidated Financial Statements should be read in conjunction with the Company's 2012 Annual Report on Form 10-K for the year ended December 31, 2012 ("10-K"), as certain disclosures in this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013, that would duplicate those included in the 10-K are not included in these Condensed Consolidated Financial Statements.

Subsequent Events, Policy [Policy Text Block]

Subsequent Events -

The Company has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements (see Footnote 9).

Income Tax, Policy [Policy Text Block]

Income Taxes -

The Company elected status as a Real Estate Investment Trust (a “REIT”) for federal income tax purposes beginning in its taxable year ended December 31, 1991 and operates in a manner that enables the Company to maintain its status as a REIT.  As a REIT, the Company must distribute at least 90 percent of its taxable income and will not pay federal income taxes on the amount distributed to its shareholders.  Therefore, the Company is not subject to federal income taxes if it distributes 100 percent of its taxable income.   Most states, where the Company holds investments in real estate, conform to the federal rules recognizing REITs.  Certain subsidiaries have made a joint election with the Company to be treated as taxable REIT subsidiaries (“TRS”), which permit the Company to engage in certain business activities in which the REIT may not conduct directly.  A TRS is subject to federal and state income taxes on the income from these activities and the Company includes a provision for taxes in its condensed consolidated financial statements.  The Company is subject to and also includes in its tax provision non-U.S. income taxes on certain investments located in jurisdictions outside the U.S.

Earnings Per Share, Policy [Policy Text Block]

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 September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Computation of Basic Earnings Per Share:
Income from continuing operations	$	42,176		$	43,724		$	186,404		$	170,314
Gain on sale of operating properties, net of tax		540			-			1,080			4,059
Net income attributable to noncontrolling interests		(1,425	)		(2,143	)		(6,296	)		(10,928	)
Discontinued operations attributable to noncontrolling interests		11			(814	)		39			1,586
Preferred stock redemption costs		-			(6,213	)		-			(6,213	)
Preferred stock dividends		(14,573	)		(21,622	)		(43,720	)		(58,037	)
Income from continuing operations available to the common shareholders		26,729			12,932			137,507			100,781
Earnings attributable to unvested restricted shares		(337	)		(298	)		(1,011	)		(893	)
Income from continuing operations attributable to common shareholders		26,392			12,634			136,496			99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for basic earnings per share	$	40,853			26,808			129,941			112,549
Weighted average common shares outstanding		408,060			405,810			407,459			405,880
Basic Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28
Computation of Diluted Earnings Per Share:
Income from continuing operations attributable to common shareholders	$	26,392		$	12,634		$	136,496		$	99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for diluted earnings per share	$	40,853		$	26,808		$	129,941		$	112,549
Weighted average common shares outstanding – basic		408,060			405,810			407,459			405,880
Effect of dilutive securities (a):
Equity awards		806			937			1,051			770
Shares for diluted earnings per common share		408,866			406,747			408,510			406,650
Diluted Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28

(a) For the three and nine months ended September 30, 2013 and 2012, the effect of certain convertible units would have an anti-dilutive effect upon the calculation of Income from continuing operations per share.  Accordingly, the impact of such conversion has not been included in the determination of diluted earnings per share calculations.  Additionally, there were 10,983,598 and 11,205,056 stock options that were not dilutive at September 30, 2013 and 2012, respectively.

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-class method whereby earnings are allocated to the unvested restricted share awards based on dividends declared and the unvested restricted shares' participation rights in undistributed earnings.

New Accounting Pronouncements, Policy [Policy Text Block]

New Accounting Pronouncements –

In July 2013, the FASB released ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force) (“ASU 2013-11”). This update requires that an unrecognized tax benefit, or portion of an unrecognized tax benefit, be presented as a reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. If an applicable deferred tax asset is not available or a company does not expect to use the applicable deferred tax asset, the unrecognized tax benefit should be presented as a liability in the financial statements and should not be combined with an unrelated deferred tax asset. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date, however retrospective application is permitted. The Company is in the process of evaluating ASU 2013-11 and does not expect that it will have a material impact on the Company’s financial position or results of operations.

Additionally, during July 2013, the FASB released ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2013-10”). The update permits the Fed Funds Effective Swap Rate (“OIS”) to be used as a U.S. benchmark interest rate for hedge accounting purposes. In addition, the amendments remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU 2013-10 did not have a material impact on the Company’s financial position or results of operations.

In February 2013, the FASB issued new guidance regarding liabilities, Accounting Standards Update ("ASU") 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (“ASU 2013-04”), effective retrospectively for fiscal years beginning after December 15, 2013 and interim periods within those years. The amendments require an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. In addition, the amendments require an entity to disclose the nature and amount of the obligation, as well as other information about the obligations. The adoption of ASU 2013-04 is not expected to have a material impact on the Company’s financial position or results of operations.

In January 2013, the FASB released ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”). This guidance is the culmination of the board’s redeliberation on reporting reclassification adjustments from accumulated other comprehensive income. The standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source (e.g., the release due to cash flow hedges from interest rate contracts) and the income statement line items affected by the reclassification (e.g., interest income or interest expense). If a component is not required to be reclassified to net income in its entirety (e.g., the net periodic pension cost), companies would instead cross reference to the related footnote for additional information (e.g., the pension footnote). The new requirements were effective for public companies in interim and annual reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial statement presentation or disclosures.

In December 2011, the FASB released ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”). ASU 2011-11 requires companies to provide new disclosures about offsetting and related arrangements for financial instruments and derivatives. The provisions of ASU 2011-11 are effective for reporting periods beginning on or after January 1, 2013, and are required to be applied retrospectively. The adoption of ASU 2011-11 did not have a material impact on the Company’s financial statement disclosures.

Reclassification, Policy [Policy Text Block]

Reclassifications –

Certain reclassifications have been made to previously recorded amounts to conform to the current year presentation, Specifically, the Company is presenting on its Condensed Consolidated Statements of Income its Provision for doubtful accounts as a separate line item included in Operating expenses, which during 2012 was included in Revenues from rental properties. Additionally, the Company made certain other immaterial reclassifications to the Company’s Condensed Consolidated Balance Sheets as of December 31, 2012, to conform to the current year presentation.

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Note 4 - Investments and Advances in Real Estate Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2013

Note 4 - Investments and Advances in Real Estate Joint Ventures (Tables) [Line Items]

Joint Venture Investments Accounted For Under The Equity Method, Debt Details [Table Text Block]

	As of September 30, 2013							As of December 31, 2012
Venture	Mortgages and Notes Payable		Weighted Average Interest Rate			Weighted Average Remaining Term (months)**		Mortgages and Notes Payable		Weighted Average Interest Rate			Weighted Average Remaining Term (months)**
KimPru and KimPru II	$	924.2		5.53	%		38.0	$	1,010.2		5.54	%		44.5
KIR		893.1		5.05	%		78.2		914.6		5.22	%		78.6
UBS Programs		-		-	%		-		691.9		5.40	%		39.1
Kimstone		725.8		4.99	%		37.7		-		-	%		-
BIG Shopping Centers		406.4		5.39	%		43.2		443.8		5.52	%		45.5
CPP		139.3		5.17	%		22.0		141.5		5.19	%		31.0
Kimco Income Fund		158.8		5.45	%		11.8		161.4		5.45	%		20.7
SEB Immobilien		243.8		5.11	%		46.3		243.8		5.11	%		55.3
RioCan		770.2		4.79	%		47.0		923.2		5.16	%		41.2
Intown		-		-	%		-		614.4		4.46	%		46.1
Other Institutional Programs		273.4		5.32	%		34.1		310.5		5.24	%		39.0
Other Joint Venture Programs		1,144.9		5.47	%		61.8		1,612.2		5.70	%		57.8
Total	$	5,679.9						$	7,067.5

Investment Details [Member]

Note 4 - Investments and Advances in Real Estate Joint Ventures (Tables) [Line Items]

Equity Method Investments [Table Text Block]

	As of September 30, 2013											As of December 31, 2012
Venture	Average Ownership Interest			Number of Properties		GLA		Gross Real Estate		The Company's Investment		Average Ownership Interest			Number of Properties		GLA		Gross Real Estate		The Company's Investment
Prudential Investment Program (“KimPru” and “KimPru II”) (1) (2) (10)		15.0	%		60		10.6	$	2,719.4	$	179.5		15.0	%		61		10.7	$	2,744.9	$	170.1
Kimco Income Opportunity Portfolio (“KIR”) (2) (13) (15)		48.6	%		57		12.0		1,515.2		176.4		45.0	%		58		12.4		1,543.2		140.3
UBS Programs (“UBS”) (2) (7) (14)*		-	%		-		-		-		1.1		17.9	%		40		5.7		1,260.1		58.4
Kimstone (2) (14)		33.3	%		39		5.6		1,086.8		106.3		-	%		-		-		-		-
BIG Shopping Centers (2) (9)*		37.9	%		21		3.4		519.6		30.7		37.7	%		22		3.6		547.7		31.3
The Canada Pension Plan Investment Board (“CPP”) (2)		55.0	%		6		2.4		436.5		146.7		55.0	%		6		2.4		436.1		149.5
Kimco Income Fund (2)(6)		39.5	%		12		1.5		288.1		51.1		15.2	%		12		1.5		287.0		12.3
SEB Immobilien (2)		15.0	%		13		1.8		361.4		1.1		15.0	%		13		1.8		361.2		1.5
Other Institutional Programs (2) (8)	Various				56		2.1		453.2		16.9	Various				58		2.6		499.2		21.3
RioCan		50.0	%		45		9.3		1,335.5		161.8		50.0	%		45		9.3		1,379.3		111.0
Intown (3)		-			-		-		-		-		-			138	N/A			841.0		86.9
Latin America (12) (16) (17) (18)	Various				29		3.9		332.3		162.4	Various				131		18.0		1,198.1		334.2
Other Joint Venture Programs (4) (5) (11)	Various				81		12.4		1,657.0		274.2	Various				87		13.2		1,846.7		311.4
Total					419		65.0	$	10,705.0	$	1,308.2					671		81.2	$	12,944.5	$	1,428.2

Equity In Income Of Joint Ventures, Net [Member]

Note 4 - Investments and Advances in Real Estate Joint Ventures (Tables) [Line Items]

Equity Method Investments [Table Text Block]

	Three months ended September 30,					Nine months ended September 30,
	2013		2012				2013		2012
KimPru and KimPru II (10)	$	2.4	$	1.5			$	6.6	$	5.6
KIR (15)		9.0		5.3				23.5		17.2
UBS Programs (14)		0.2		(0.7	)			1.7		(0.3	)
Kimstone (14)		1.8		-				1.8		-
BIG Shopping Centers (9)		0.9		(0.6	)			2.3		(2.1	)
CPP		1.5		1.5				4.5		4.0
Kimco Income Fund		0.9		0.3				2.5		1.4
SEB Immobilien		0.3		0.2				0.8		0.5
Other Institutional Programs (20) (22)		0.2		0.4				1.1		4.6
RioCan (21)		7.3		6.4				20.0		24.2
Intown		-		1.5				1.4		2.4
Latin America (12) (16) (17) (18)		69.3		4.5				101.4		11.1
Other Joint Venture Programs (11) (19)		2.4		4.2				12.2		21.0
Total	$	96.2	$	24.5			$	179.8	$	89.6

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Note 16 - Taxable REIT Subsidiaries ("TRS") (Tables)

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	September 30, 2013			December 31, 2012
Deferred tax assets:
Tax/GAAP basis differences	$	53,231		$	68,623
Net operating losses		75,924			43,483
Related party deferred loss		6,214			6,214
Tax credit carryforwards		3,773			3,815
Capital loss carryforwards		-			647
Charitable contribution carryforward		-			3
Non-U.S. tax/GAAP basis differences		56,991			62,548
Valuation allowance – U.S.		(25,045	)		(33,783	)
Valuation allowance – Non-U.S.		(33,755	)		(38,129	)
Total deferred tax assets		137,333			113,421
Deferred tax liabilities – U.S.		(19,057	)		(9,933	)
Deferred tax liabilities – Non-U.S.		(9,453	)		(13,263	)
Net deferred tax assets	$	108,823		$	90,225

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Note 18 - Pro Forma Financial Information (Details) - Pro Forma Financial Information (USD $) In Millions, except Per Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
ProFormaFinancialInformationAbstract
Revenues from rental property	$ 696.8	$ 663.7
Net income	186.0	179.5
Net income available to the Company’s common shareholders	$ 136.7	$ 104.3
Net income available to the Company’s common shareholders per common share:
Basic (in Dollars per share)	$ 0.34	$ 0.26
Diluted (in Dollars per share)	$ 0.33	$ 0.26

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Note 7 - Mortgages and Other Financing Receivables (Details) - Performing and Non-Performing Loans (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans	23
Amount (in Dollars)	$ 45,708	$ 70,704
Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans	23
Amount (in Dollars)	$ 45,708

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Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Equity in Income of Joint Ventures (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	$ 96,200		$ 24,500		$ 179,791		$ 89,587
KimPru and KimPru II [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	2,400	[1]	1,500	[1]	6,600	[1]	5,600	[1]
KIR [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	9,000	[2]	5,300	[2]	23,500	[2]	17,200	[2]
UBS Programs [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	200	[3]	(700)	[3]	1,700	[3]	(300)	[3]
Kimstone [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	1,800	[3]		[3]	1,800	[3]		[3]
BIG Shopping Centers [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	900	[4]	(600)	[4]	2,300	[4]	(2,100)	[4]
CPP [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	1,500		1,500		4,500		4,000
Kimco Income Fund [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	900		300		2,500		1,400
SEB Immobilien [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	300		200		800		500
Other Institutional Programs [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	200	[5],[6]	400	[5],[6]	1,100	[5],[6]	4,600	[5],[6]
RioCan [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	7,300	[7]	6,400	[7]	20,000	[7]	24,200	[7]
Intown [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures			1,500		1,400		2,400
Latin America [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	69,300	[10],[11],[8],[9]	4,500	[10],[11],[8],[9]	101,400	[10],[11],[8],[9]	11,100	[10],[11],[8],[9]
Other Joint Venture Programs [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of joint ventures	$ 2,400	[12],[13]	$ 4,200	[12],[13]	$ 12,200	[12],[13]	$ 21,000	[12],[13]

[1] During the nine months ended September 30, 2013, the Company purchased the remaining interest in an operating property for a purchase price of $15.8 million. As a result of this transaction, KimPru recognized an impairment charge of $4.0 million, of which the Company's share was $0.6 million.

[2] During the nine months ended September 30, 2013, KIR sold an operating property in Cincinnati, OH for a sales price of $30.0 million and recognized a gain of $6.1 million. The Company's share of this gain was $3.0 million.

[3] During June 2013, the Company increased its ownership interest in the UBS Programs to 33.3% and simultaneously UBS transferred its remaining 66.7% ownership interest in the UBS Programs to affiliates of Blackstone Real Estate Partners VII ("Blackstone"). Both of these transactions were based on a gross purchase price of $1.1 billion. Upon completion of these transactions, Blackstone and the Company entered into a new joint venture (Kimstone) in which the Company owns a 33.3% noncontrolling interest.

[4] During the nine months ended September 30, 2013, BIG recognized a gain on early extinguishment of debt of $13.7 million related to a property that was foreclosed on by a third party lender. The Company's share of this gain was $2.4 million.

[5] During the nine months ended September 30, 2012, a joint venture in which the Company holds a noncontrolling interest sold two encumbered operating properties to the Company for an aggregate sales price of $75.5 million. As a result of this transaction, the Company recognized promote income of $2.6 million. Additionally, the Company evaluated these transactions pursuant to the FASB's Consolidation guidance. As such, the Company recognized a gain of $2.0 million from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.

[6] During the nine months ended September 30, 2012, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $127.0 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $12.1 million from the fair value adjustment associated with its original ownership due to a change in control. In addition, the Company recognized promote income of $1.1 million in connection with this transaction.

[7] During the nine months ended September 30, 2012, the Company recognized income of $7.5 million, before taxes of $1.5 million, from the sale of certain air rights at one of the properties in the RioCan portfolio.

[8] During the nine months ended September 30, 2013, joint ventures in which the Company held noncontrolling interests sold ten operating properties located throughout Mexico for $315.5 million. These transactions resulted in an aggregate net gain to the Company of $21.8 million, after tax.

[9] During the nine months ended September 30, 2013, the Company and its joint venture partner sold their noncontrolling ownership interest in a joint venture which held interests in 84 operating properties located throughout Mexico for $603.5 million (including debt of $301.2 million). This transaction resulted in a net gain to the Company of $78.2 million, before income taxes of $25.1 million.

[10] During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold nine operating properties located throughout Chile for net proceeds of $17.6 million. This transaction resulted in a net gain to the Company of $4.0 million.

[11] The Company is currently in advanced negotiations to sell 11 operating properties located throughout Mexico, which are held in unconsolidated joint ventures in which the Company holds noncontrolling interests. Based upon the allocation of the selling price, the Company has recorded impairment charges of $12.9 million on six of these properties. (see Footnote 2 - Impairment Charges).

[12] During the nine months ended September 30, 2013, a joint venture in which the Company has a noncontrolling interest sold an operating property for a sales price of $7.6 million and recognized an impairment charge of $2.0 million. The Company's share of this impairment charge was $1.0 million.

[13] During the nine months ended September 30, 2012, three joint ventures in which the Company holds noncontrolling interests sold three properties, in separate transactions, for an aggregate sales price of $180.0 million. The Company's share of the aggregate gain related to these transactions was $8.3 million.

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Note 2 - Operating Property Activities (Details) - Impairment Charges (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2013		Sep. 30, 2013
Note 2 - Operating Property Activities (Details) - Impairment Charges [Line Items]
Impairment Charges	$ 109,000		$ 109,000
Impairment Charges - Mexico Operating Properties [Member]
Note 2 - Operating Property Activities (Details) - Impairment Charges [Line Items]
Impairment Charges	66,900	[1]
Impairment Charges - Land Parcels [Member]
Note 2 - Operating Property Activities (Details) - Impairment Charges [Line Items]
Impairment Charges	17,400	[2]
Impairment Charges - Operating Properties [Member]
Note 2 - Operating Property Activities (Details) - Impairment Charges [Line Items]
Impairment Charges	10,500	[2]
Impairment Charges - Cost Method Investment [Member]
Note 2 - Operating Property Activities (Details) - Impairment Charges [Line Items]
Impairment Charges	10,000	[3]
Impairment Charges - Preferred Equity Investment [Member]
Note 2 - Operating Property Activities (Details) - Impairment Charges [Line Items]
Impairment Charges	3,200	[4]
Impairment Charges - Joint Venture Investments [Member]
Note 2 - Operating Property Activities (Details) - Impairment Charges [Line Items]
Impairment Charges	$ 1,000	[2]

[1] Impairments resulted from the Company currently being in advanced negotiations to sell 27 operating properties within its Mexico portfolio. Based upon the allocation of the estimated selling prices, the Company determined that for 14 of these properties the estimated fair values are below the current carrying value. As such, the Company has recorded impairment charges of $76.7 million, after noncontrolling interests of $3.1 million ($66.9 million of which relates to eight consolidated properties and $12.9 million relates to six properties within the Company's joint venture investments). These impairments resulted from the Company's efforts to market certain assets within the Company's Latin American portfolio and management's assessment as to the likelihood and timing of such potential transactions. The above amounts are subject to change based upon finalization of contract terms, closing costs, additional cash amounts received as earn outs and fluctuations in the Mexican Peso exchange rate (see Footnote 17).

[2] Impairments are based upon purchase prices or purchase price offers. These impairments resulted from the Company's efforts to market certain assets and management's assessment as to the likelihood and timing of such potential transactions.

[3] The Company reviewed the underlying cause of the decline in value of this asset, as well as the severity and the duration of the decline and determined that the decline was other-than-temporary. Based upon the calculation of an estimated fair value of $5.0 million using a discounted cash flow model (see Footnote 12) impairment charges were recognized.

[4] Based upon a review of the debt maturity status and the likelihood of foreclosure of the underlying property within this preferred equity investment, the Company believes it will not recover its investment and as such recorded a full impairment of its investment.

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Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Operating real estate, accumulated depreciation (in Dollars)	$ 1,864,904	$ 1,745,462
Preferred stock, par value (in Dollars per share)	$ 1.00	$ 1.00
Preferred stock, shares authorized	5,961,200	5,961,200
Preferred stock, shares issued	102,000	102,000
Preferred stock, shares outstanding	102,000	102,000
Aggregate liquidation preference (in Dollars)	$ 975,000	$ 975,000
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	409,656,477	407,782,102
Common stock, shares outstanding	409,656,477	407,782,102

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Note 5 - Other Real Estate Investments

9 Months Ended

Sep. 30, 2013

Other Real Estate Investments [Abstract]

Other Real Estate Investments [Text Block]

5. Other Real Estate Investments

Preferred Equity Capital -

The Company has provided capital to owners and developers of real estate properties through its Preferred Equity program. As of September 30, 2013, the Company’s net investment under the Preferred Equity program was $246.5 million relating to 483 properties, including 391 net leased properties.  During the nine months ended September 30, 2013, the Company earned $37.9 million from its preferred equity investments, including $20.3 million in profit participation earned from nine capital transactions.  During the nine months ended September 30, 2012, the Company earned $26.0 million from its preferred equity investments, including $6.6 million in profit participation earned from 17 capital transactions.

During the nine months ended September 30, 2013, the Company amended one of its Canadian preferred equity agreements to restructure its investment, into a pari passu joint venture investment in which the Company holds a noncontrolling interest.  As a result of the amendment, the Company continues to account for this investment under the equity method of accounting and from the date of the amendment will include this investment in Investments and advances to real estate joint ventures within the Company’s Condensed Consolidated Balance Sheets.

During the nine months ended September 30, 2013, a preferred equity investment in a portfolio of properties was acquired by the Company. As a result of this transaction, the Company now consolidates this investment. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a change in control loss of $9.6 million, from the fair value adjustment associated with the Company’s original ownership.

Other –

During the nine months ended September 30, 2013, the Company funded an aggregate $70.8 million as its participation in a transaction with Supervalu, Inc. (“SVU”) through a consortium led by Cerberus Capital Management, L.P. This investment included a contribution of $22.3 million to acquire 414 Albertsons locations from SVU through the Company’s existing joint venture in Albertsons in which the Company now holds a 13.6% noncontrolling ownership interest. The Company recorded this additional investment in Other real estate investments on the Company’s Condensed Consolidated Balance Sheets and will continue to account for its investment in this joint venture under the equity method of accounting. During the nine months ended September 30, 2013, the Company recorded $11.3 million in equity losses from operations. As such, the Company’s investment as of September 30, 2013, was $11.0 million. Also included in this aggregate funding is the Company’s contribution of $14.9 million to fund its 15% noncontrolling investment in NAI Group Holdings Inc., a C-corporation, to acquire four grocery banners (Shaw’s, Jewel-Osco, Acme and Star Market) totaling 456 locations from SVU. The Company recorded this investment in Other assets on the Company’s Condensed Consolidated Balance Sheets and will account for its investment under the cost method of accounting. Additionally, as part of this overall funding, the Company acquired 8.2 million shares of SVU common stock for $33.6 million, which is recorded in Marketable securities on the Company’s Condensed Consolidated Balance Sheets.

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net income	$ 57,188	$ 57,084	$ 180,968	$ 188,620
Other comprehensive income:
Change in unrealized gain on marketable securities, net	17,660	1,382	23,888	2,311
Change in foreign currency translation adjustment, net	305	42,807	(2,199)	52,378
Other comprehensive income	17,965	44,220	21,689	55,092
Comprehensive income	75,153	101,304	202,657	243,712
Comprehensive income attributable to noncontrolling interests	(1,720)	(3,259)	(5,931)	(15,145)
Comprehensive income attributable to the Company	73,433	98,045	196,726	228,567
Interest Rate Swap [Member]
Other comprehensive income:
Change in unrealized gain on interest rate swaps, net		$ 31		$ 403

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Note 10 - Mortgages Payable (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Note 10 - Mortgages Payable (Details) [Line Items]
Number of Real Estate Properties	22
Mortgage Loans on Real Estate, Period Increase (Decrease)	$ 36.0
Repayments of Secured Debt	132.5
Acquisitions [Member]
Note 10 - Mortgages Payable (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	243.3
Number of Real Estate Properties	7
Unamortized Fair Value Debt Adjustments	$ 3.9
Repayment of Debt [Member]
Note 10 - Mortgages Payable (Details) [Line Items]
Number of Real Estate Properties	9

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Assets:
Operating real estate, net of accumulated depreciation of $1,864,904 and $1,745,462, respectively	$ 7,086,534		$ 7,104,562
Investments and advances in real estate joint ventures	1,308,184		1,428,155
Real estate under development	97,033		97,263
Other real estate investments	288,364		317,557
Mortgages and other financing receivables	45,708		70,704
Cash and cash equivalents	401,730		141,875
Marketable securities	88,656	[1]	36,541	[1]
Accounts and notes receivable	160,126		171,540
Other assets	476,744		383,037
Total assets	9,953,079		9,751,234
Liabilities:
Notes payable	3,254,881	[2]	3,192,127	[2]
Mortgages payable	1,125,771	[3]	1,003,190	[3]
Dividends payable	98,334		96,518
Other liabilities	548,038		445,843
Total liabilities	5,027,024		4,737,678
Redeemable noncontrolling interests	85,903		81,076
Stockholders' equity:
Preferred stock, $1.00 par value, authorized 5,961,200 shares, 102,000 shares issued and outstanding (in series); Aggregate liquidation preference $975,000	102		102
Common stock, $.01 par value, authorized 750,000,000 shares issued and outstanding 409,656,477 and 407,782,102 shares, respectively	4,097		4,078
Paid-in capital	5,688,421		5,651,170
Cumulative distributions in excess of net income	(950,905)		(824,008)
Accumulated other comprehensive income	(44,128)		(66,182)
Total stockholders' equity	4,697,587		4,765,160
Noncontrolling interests	142,565		167,320
Total equity	4,840,152		4,932,480
Total liabilities and equity	$ 9,953,079		$ 9,751,234

[1] As of September 30, 2013 and December 31, 2012, the Company determined that $85.6 million and $33.4 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $3.3 million and $3.4 million, respectively, were classified within Level 3 of the fair value hierarchy.

[2] The Company determined that its valuation of Notes payable was classified within Level 2 of the fair value hierarchy.

[3] The Company determined that its valuation of Mortgages payable was classified within Level 3 of the fair value hierarchy.

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Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details (USD $) In Millions, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	$ 5,679.9		$ 7,067.5
KimPru and KimPru II [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	924.2		1,010.2
Weighted Average Interest Rate	5.53%		5.54%
Weighted Average Remaining Term	38 months	[1]	44 months 15 days	[1]
KIR [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	893.1		914.6
Weighted Average Interest Rate	5.05%		5.22%
Weighted Average Remaining Term	78 months 6 days	[1]	78 months 18 days	[1]
UBS Programs [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	0		691.9
Weighted Average Interest Rate	0.00%		5.40%
Weighted Average Remaining Term	0 years	[1]	39 months 3 days	[1]
Kimstone [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	725.8		0
Weighted Average Interest Rate	4.99%		0.00%
Weighted Average Remaining Term	37 months 21 days		0 years
BIG Shopping Centers [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	406.4		443.8
Weighted Average Interest Rate	5.39%		5.52%
Weighted Average Remaining Term	43 months 6 days	[1]	45 months 15 days	[1]
CPP [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	139.3		141.5
Weighted Average Interest Rate	5.17%		5.19%
Weighted Average Remaining Term	22 months	[1]	31 months	[1]
Kimco Income Fund [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	158.8		161.4
Weighted Average Interest Rate	5.45%		5.45%
Weighted Average Remaining Term	11 months 24 days	[1]	20 months 21 days	[1]
SEB Immobilien [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	243.8		243.8
Weighted Average Interest Rate	5.11%		5.11%
Weighted Average Remaining Term	46 months 9 days	[1]	55 months 9 days	[1]
RioCan [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	770.2		923.2
Weighted Average Interest Rate	4.79%		5.16%
Weighted Average Remaining Term	47 months	[1]	41 months 6 days	[1]
Intown [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	0		614.4
Weighted Average Interest Rate	0.00%		4.46%
Weighted Average Remaining Term	0 years	[1]	46 months 3 days	[1]
Other Institutional Programs [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	273.4		310.5
Weighted Average Interest Rate	5.32%		5.24%
Weighted Average Remaining Term	34 months 3 days	[1]	39 months	[1]
Other Joint Venture Programs [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) - Joint Venture Investments Accounted for Under the Equity Method - Debt Details [Line Items]
Mortgages and Notes Payable	$ 1,144.9		$ 1,612.2
Weighted Average Interest Rate	5.47%		5.70%
Weighted Average Remaining Term	61 months 24 days	[1]	57 months 24 days	[1]

[1] Average Remaining Term includes extension options

XML

Note 1 - Interim Financial Statements (Tables)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Earnings Per Share [Text Block]

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Computation of Basic Earnings Per Share:
Income from continuing operations	$	42,176		$	43,724		$	186,404		$	170,314
Gain on sale of operating properties, net of tax		540			-			1,080			4,059
Net income attributable to noncontrolling interests		(1,425	)		(2,143	)		(6,296	)		(10,928	)
Discontinued operations attributable to noncontrolling interests		11			(814	)		39			1,586
Preferred stock redemption costs		-			(6,213	)		-			(6,213	)
Preferred stock dividends		(14,573	)		(21,622	)		(43,720	)		(58,037	)
Income from continuing operations available to the common shareholders		26,729			12,932			137,507			100,781
Earnings attributable to unvested restricted shares		(337	)		(298	)		(1,011	)		(893	)
Income from continuing operations attributable to common shareholders		26,392			12,634			136,496			99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for basic earnings per share	$	40,853			26,808			129,941			112,549
Weighted average common shares outstanding		408,060			405,810			407,459			405,880
Basic Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28
Computation of Diluted Earnings Per Share:
Income from continuing operations attributable to common shareholders	$	26,392		$	12,634		$	136,496		$	99,888
Income/(loss) from discontinued operations attributable to the Company		14,461			14,174			(6,555	)		12,661
Net income attributable to the Company’s common shareholders for diluted earnings per share	$	40,853		$	26,808		$	129,941		$	112,549
Weighted average common shares outstanding – basic		408,060			405,810			407,459			405,880
Effect of dilutive securities (a):
Equity awards		806			937			1,051			770
Shares for diluted earnings per common share		408,866			406,747			408,510			406,650
Diluted Earnings Per Share Attributable to the Company’s Common Shareholders:
Income from continuing operations	$	0.06		$	0.03		$	0.33		$	0.25
Income/(loss) from discontinued operations		0.04			0.04			(0.01	)		0.03
Net income	$	0.10		$	0.07		$	0.32		$	0.28

XML

Note 14 - Supplemental Schedule of Non-Cash Investing / Financing Activities

9 Months Ended

Sep. 30, 2013

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

14. Supplemental Schedule of Non-Cash Investing / Financing Activities

The following schedule summarizes the non-cash investing and financing activities of the Company for the nine months ended September 30, 2013 and 2012 (in thousands):

	2013			2012
Acquisition of real estate interests by assumption of mortgage debt	$	36,716		$	159,198
Acquisition of real estate interests by issuance of redeemable units	$	3,985		$	-
Acquisition of real estate interests through mortgage receivable foreclosure	$	24,322			-
Issuance of restricted common stock	$	9,213		$	18,066
Surrender of restricted common stock	$	(3,851	)	$	(2,073	)
Disposition of real estate interests by assignment of debt	$	-		$	13,655
Disposition of real estate through the issuance of an unsecured obligation	$	3,513		$	1,750
Declaration of dividends paid in succeeding period	$	98,334		$	94,856
Consolidation of Joint Ventures:
Increase in real estate and other assets	$	228,200		$	-
Increase in mortgages payable	$	206,489		$	-

XML

Note 2 - Operating Property Activities (Details) - Purchase Price Allocation (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Note 2 - Operating Property Activities (Details) - Purchase Price Allocation [Line Items]
Mortgage Fair Value Adjustment	$ (3,884)
Other Assets	867
Other Liabilities	(399)
	473,116
Above Market Rents	10,787
Below Market Rents	(15,075)
In-Place Leases	21,532
Land [Member]
Note 2 - Operating Property Activities (Details) - Purchase Price Allocation [Line Items]
Property	136,969
Building [Member]
Note 2 - Operating Property Activities (Details) - Purchase Price Allocation [Line Items]
Property	244,194
Building Improvements [Member]
Note 2 - Operating Property Activities (Details) - Purchase Price Allocation [Line Items]
Property	65,274
Tenant Improvements [Member]
Note 2 - Operating Property Activities (Details) - Purchase Price Allocation [Line Items]
Property	$ 12,851

XML

Note 7 - Mortgages and Other Financing Receivables (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Note 7 - Mortgages and Other Financing Receivables (Details) [Line Items]
Number of Days Past Due	90
Mortgage Loans on Real Estate, Number of Loans	23
In Default [Member]
Note 7 - Mortgages and Other Financing Receivables (Details) [Line Items]
Mortgage Loans on Real Estate, Number of Loans	2
Mortgage Loans on Real Estate (in Dollars)	$ 25.6
Area of Real Estate Property (in Acres)	427.00
Foreclosed [Member]
Note 7 - Mortgages and Other Financing Receivables (Details) [Line Items]
Area of Real Estate Property (in Acres)	59.24

XML

Note 15 - Incentive Plans (Details) (USD $) In Millions, except Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Note 15 - Incentive Plans (Details) [Line Items]
Number of Equity Participation Plans	2
Share-based Compensation (in Dollars)	$ 15.1	$ 15.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)	$ 33.0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 219 days
The Prior Plan [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	47,000,000
The 2010 Plan [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	10,000,000
Employee Stock Option [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Employee Stock Option [Member] | Minimum [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Employee Stock Option [Member] | Maximum [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Restricted Stock [Member] | First Half [Member] | iii [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share Based Compensation, Arrangement by Share Based Payment Award, Percent Vested	50.00%
Restricted Stock [Member] | Second Half [Member] | iii [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Share Based Compensation, Arrangement by Share Based Payment Award, Percent Vested	50.00%
Restricted Stock [Member] | i [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share Based Compensation, Arrangement by Share Based Payment Award, Percent Vested	100.00%
Restricted Stock [Member] | ii [Member] | Minimum [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock [Member] | ii [Member] | Maximum [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Restricted Stock [Member] | iv [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Restricted Stock [Member] | iv [Member]
Note 15 - Incentive Plans (Details) [Line Items]
Share Based Compensation, Arrangement by Share Based Payment Award, Percent Vested	20.00%

XML

Note 18 - Pro Forma Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Pro Forma Financial Information [Abstract]

Business Acquisition, Pro Forma Information [Table Text Block]

	Nine Months Ended September 30,
	2013		2012
Revenues from rental property	$	696.8	$	663.7
Net income	$	186.0	$	179.5
Net income available to the Company’s common shareholders	$	136.7		104.3
Net income available to the Company’s common shareholders per common share:
Basic	$	0.34	$	0.26
Diluted	$	0.33	$	0.26

XML

Note 13 - Preferred Stock (Tables) (Preferred Stock [Member])

9 Months Ended

Sep. 30, 2013

Preferred Stock [Member]

Note 13 - Preferred Stock (Tables) [Line Items]

Schedule of Stock by Class [Table Text Block]

As of September 30, 2013 and December 31, 2012
Series of Preferred Stock	Shares Authorized		Shares Issued and Outstanding		Liquidation Preference		Dividend Rate			Annual Dividend per Depositary Share		Par Value
Series H		70,000		70,000	$	175,000		6.90	%	$	1.72500	$	1.00
Series I		18,400		16,000		400,000		6.00	%	$	1.50000	$	1.00
Series J		9,000		9,000		225,000		5.50	%	$	1.37500	$	1.00
Series K		8,050		7,000		175,000		5.625	%	$	1.40625	$	1.00
		105,450		102,000	$	975,000

XML

Note 14 - Supplemental Schedule of Non-Cash Investing / Financing Activities (Tables)

9 Months Ended

Sep. 30, 2013

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

	2013			2012
Acquisition of real estate interests by assumption of mortgage debt	$	36,716		$	159,198
Acquisition of real estate interests by issuance of redeemable units	$	3,985		$	-
Acquisition of real estate interests through mortgage receivable foreclosure	$	24,322			-
Issuance of restricted common stock	$	9,213		$	18,066
Surrender of restricted common stock	$	(3,851	)	$	(2,073	)
Disposition of real estate interests by assignment of debt	$	-		$	13,655
Disposition of real estate through the issuance of an unsecured obligation	$	3,513		$	1,750
Declaration of dividends paid in succeeding period	$	98,334		$	94,856
Consolidation of Joint Ventures:
Increase in real estate and other assets	$	228,200		$	-
Increase in mortgages payable	$	206,489		$	-

XML

Note 4 - Investments and Advances in Real Estate Joint Ventures

9 Months Ended

Sep. 30, 2013

Investments And Advances In Real Estate Joint Ventures [Abstract]

Investments And Advances In Real Estate Joint Ventures [Text Block]

4. Investments and Advances in Real Estate Joint Ventures

The Company and its subsidiaries have investments in and advances to various real estate joint ventures.  These joint ventures are engaged primarily in the operation of shopping centers which are either owned or held under long-term operating leases. The Company and the joint venture partners have joint approval rights for major decisions, including those regarding property operations.  As such, the Company holds noncontrolling interests in these joint ventures and accounts for them under the equity method of accounting.  The table below presents joint venture investments for which the Company held an ownership interest at September 30, 2013 and December 31, 2012 (in millions, except number of properties):

	As of September 30, 2013											As of December 31, 2012
Venture	Average Ownership Interest			Number of Properties		GLA		Gross Real Estate		The Company's Investment		Average Ownership Interest			Number of Properties		GLA		Gross Real Estate		The Company's Investment
Prudential Investment Program (“KimPru” and “KimPru II”) (1) (2) (10)		15.0	%		60		10.6	$	2,719.4	$	179.5		15.0	%		61		10.7	$	2,744.9	$	170.1
Kimco Income Opportunity Portfolio (“KIR”) (2) (13) (15)		48.6	%		57		12.0		1,515.2		176.4		45.0	%		58		12.4		1,543.2		140.3
UBS Programs (“UBS”) (2) (7) (14)*		-	%		-		-		-		1.1		17.9	%		40		5.7		1,260.1		58.4
Kimstone (2) (14)		33.3	%		39		5.6		1,086.8		106.3		-	%		-		-		-		-
BIG Shopping Centers (2) (9)*		37.9	%		21		3.4		519.6		30.7		37.7	%		22		3.6		547.7		31.3
The Canada Pension Plan Investment Board (“CPP”) (2)		55.0	%		6		2.4		436.5		146.7		55.0	%		6		2.4		436.1		149.5
Kimco Income Fund (2)(6)		39.5	%		12		1.5		288.1		51.1		15.2	%		12		1.5		287.0		12.3
SEB Immobilien (2)		15.0	%		13		1.8		361.4		1.1		15.0	%		13		1.8		361.2		1.5
Other Institutional Programs (2) (8)	Various				56		2.1		453.2		16.9	Various				58		2.6		499.2		21.3
RioCan		50.0	%		45		9.3		1,335.5		161.8		50.0	%		45		9.3		1,379.3		111.0
Intown (3)		-			-		-		-		-		-			138	N/A			841.0		86.9
Latin America (12) (16) (17) (18)	Various				29		3.9		332.3		162.4	Various				131		18.0		1,198.1		334.2
Other Joint Venture Programs (4) (5) (11)	Various				81		12.4		1,657.0		274.2	Various				87		13.2		1,846.7		311.4
Total					419		65.0	$	10,705.0	$	1,308.2					671		81.2	$	12,944.5	$	1,428.2

*   Ownership % is a blended rate

The table below presents the Company’s share of net income/(loss) for the above investments which is included in the Company’s Condensed Consolidated Statements of Income in Equity in income of joint ventures, net for the nine months ended September 30, 2013 and 2012 (in millions):

	Three months ended September 30,					Nine months ended September 30,
	2013		2012				2013		2012
KimPru and KimPru II (10)	$	2.4	$	1.5			$	6.6	$	5.6
KIR (15)		9.0		5.3				23.5		17.2
UBS Programs (14)		0.2		(0.7	)			1.7		(0.3	)
Kimstone (14)		1.8		-				1.8		-
BIG Shopping Centers (9)		0.9		(0.6	)			2.3		(2.1	)
CPP		1.5		1.5				4.5		4.0
Kimco Income Fund		0.9		0.3				2.5		1.4
SEB Immobilien		0.3		0.2				0.8		0.5
Other Institutional Programs (20) (22)		0.2		0.4				1.1		4.6
RioCan (21)		7.3		6.4				20.0		24.2
Intown		-		1.5				1.4		2.4
Latin America (12) (16) (17) (18)		69.3		4.5				101.4		11.1
Other Joint Venture Programs (11) (19)		2.4		4.2				12.2		21.0
Total	$	96.2	$	24.5			$	179.8	$	89.6

(1) This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors (“PREI”), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II.

(2) The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees.

(3) The Company’s share of this investment was subject to fluctuation and dependent upon property cash flows. During June 2013, the Intown portfolio was sold for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. The Company continues to maintain its guarantee of $145.2 million of outstanding debt assumed by the buyer. The guarantee is collateralized by the buyer’s ownership interest in the portfolio. The Company is entitled to a guarantee fee, for the initial term of the loan, which is scheduled to mature in December 2015. The guarantee fee is calculated based upon the difference between LIBOR plus 1.15% and 5.0% per annum multiplied by the outstanding amount of the loan. Additionally, the Company has entered into a commitment to provide financing up to $145.2 million for five years past the date of maturity. This commitment can be in the form of extensions with the current lender, loans from a new lender or financing directly from the Company to the buyer. Due to this continued involvement, the Company deferred its gain until such time that the guarantee and commitment expire.

(4) During the nine months ended September 30, 2013, the Company amended one of its Canadian preferred equity investment agreements to restructure the investment as a pari passu joint venture in which the Company holds a noncontrolling interest. As a result of this transaction, the Company continues to account for its investment in this joint venture under the equity method of accounting and includes this investment in Investments and advances to real estate joint ventures within the Company’s Condensed Consolidated Balance Sheets.

(5) During the nine months ended September 30, 2013, two joint ventures in which the Company held noncontrolling interests sold two operating properties to the Company, in separate transactions, for an aggregate sales price of $228.8 million. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance. As such, the Company recognized an aggregate gain of $30.9 million, before income tax, from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.

(6) During the nine months ended September 30, 2013, the Company purchased an additional 24.24% interest in Kimco Income Fund for $38.3 million.

(7) During the nine months ended September 30, 2013, UBS sold an operating property to the Company for a sales price of $32.7 million, which was equal to the remaining debt balance.  The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. As such the Company recognized no gain or loss from a change in control and now consolidates this operating property.

(8) During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $14.2 million. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance. As such the Company recognized a gain of $0.5 million from the fair value adjustment associated with the Company’s original ownership due to a change in control and now consolidates this operating property.

(9)	During the nine months ended September 30, 2013, BIG recognized a gain on early extinguishment of debt of $13.7 million related to a property that was foreclosed on by a third party lender. The Company’s share of this gain was $2.4 million.
(10)	During the nine months ended September 30, 2013, the Company purchased the remaining interest in an operating property for a purchase price of $15.8 million. As a result of this transaction, KimPru recognized an impairment charge of $4.0 million, of which the Company’s share was $0.6 million.
(11)	During the nine months ended September 30, 2013, a joint venture in which the Company has a noncontrolling interest sold an operating property for a sales price of $7.6 million and recognized an impairment charge of $2.0 million. The Company’s share of this impairment charge was $1.0 million.
(12)	During the nine months ended September 30, 2013, joint ventures in which the Company held noncontrolling interests sold ten operating properties located throughout Mexico for $315.5 million. These transactions resulted in an aggregate net gain to the Company of $21.8 million, after tax.
(13)	During the nine months ended September 30, 2013, the Company purchased an additional 3.57% interest in KIR for $48.4 million.
(14)	During June 2013, the Company increased its ownership interest in the UBS Programs to 33.3% and simultaneously UBS transferred its remaining 66.7% ownership interest in the UBS Programs to affiliates of Blackstone Real Estate Partners VII (“Blackstone”). Both of these transactions were based on a gross purchase price of $1.1 billion. Upon completion of these transactions, Blackstone and the Company entered into a new joint venture (Kimstone) in which the Company owns a 33.3% noncontrolling interest.

(15) During the nine months ended September 30, 2013, KIR sold an operating property in Cincinnati, OH for a sales price of $30.0 million and recognized a gain of $6.1 million. The Company’s share of this gain was $3.0 million.

(16) During the nine months ended September 30, 2013, the Company and its joint venture partner sold their noncontrolling ownership interest in a joint venture which held interests in 84 operating properties located throughout Mexico for $603.5 million (including debt of $301.2 million). This transaction resulted in a net gain to the Company of $78.2 million, before income taxes of $25.1 million.

(17) During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold nine operating properties located throughout Chile for net proceeds of $17.6 million. This transaction resulted in a net gain to the Company of $4.0 million.

(18) The Company is currently in advanced negotiations to sell 11 operating properties located throughout Mexico, which are held in unconsolidated joint ventures in which the Company holds noncontrolling interests. Based upon the allocation of the selling price, the Company has recorded impairment charges of $12.9 million on six of these properties. (see Footnote 2 – Impairment Charges).

(19) During the nine months ended September 30, 2012, three joint ventures in which the Company holds noncontrolling interests sold three properties, in separate transactions, for an aggregate sales price of $180.0 million.  The Company’s share of the aggregate gain related to these transactions was $8.3 million.

(20) During the nine months ended September 30, 2012, a joint venture in which the Company holds a noncontrolling interest sold two encumbered operating properties to the Company for an aggregate sales price of $75.5 million.  As a result of this transaction, the Company recognized promote income of $2.6 million. Additionally, the Company evaluated these transactions pursuant to the FASB’s Consolidation guidance. As such, the Company recognized a gain of $2.0 million from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.

(21) During the nine months ended September 30, 2012, the Company recognized income of $7.5 million, before taxes of $1.5 million, from the sale of certain air rights at one of the properties in the RioCan portfolio.

(22) During the nine months ended September 30, 2012, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $127.0 million. The Company evaluated this transaction pursuant to the FASB’s Consolidation guidance and as such recognized a gain of $12.1 million from the fair value adjustment associated with its original ownership due to a change in control. In addition, the Company recognized promote income of $1.1 million in connection with this transaction.

The table below presents debt balances within the Company’s unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at September 30, 2013 and December 31, 2012 (dollars in millions):

	As of September 30, 2013							As of December 31, 2012
Venture	Mortgages and Notes Payable		Weighted Average Interest Rate			Weighted Average Remaining Term (months)**		Mortgages and Notes Payable		Weighted Average Interest Rate			Weighted Average Remaining Term (months)**
KimPru and KimPru II	$	924.2		5.53	%		38.0	$	1,010.2		5.54	%		44.5
KIR		893.1		5.05	%		78.2		914.6		5.22	%		78.6
UBS Programs		-		-	%		-		691.9		5.40	%		39.1
Kimstone		725.8		4.99	%		37.7		-		-	%		-
BIG Shopping Centers		406.4		5.39	%		43.2		443.8		5.52	%		45.5
CPP		139.3		5.17	%		22.0		141.5		5.19	%		31.0
Kimco Income Fund		158.8		5.45	%		11.8		161.4		5.45	%		20.7
SEB Immobilien		243.8		5.11	%		46.3		243.8		5.11	%		55.3
RioCan		770.2		4.79	%		47.0		923.2		5.16	%		41.2
Intown		-		-	%		-		614.4		4.46	%		46.1
Other Institutional Programs		273.4		5.32	%		34.1		310.5		5.24	%		39.0
Other Joint Venture Programs		1,144.9		5.47	%		61.8		1,612.2		5.70	%		57.8
Total	$	5,679.9						$	7,067.5

** Average Remaining Term includes extension options

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Note 12 - Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity Securities	$ 85,640	$ 33,428
Real estate	302,702	52,505
Joint venture investments	1,395
Cost method investment	4,992
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity Securities	85,640	33,428
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate	302,702	52,505
Joint venture investments	1,395
Cost method investment	$ 4,992

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Note 2 - Operating Property Activities (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

			Purchase Price
Property Name	Location	Month Acquired	Cash		Debt Assumed		Other		Total		GLA*
Santee Trolley Square(1)	Santee, CA	Jan-13	$	26,863	$	48,456	$	22,681	$	98,000		311
Shops at Kildeer (2)	Kildeer, IL	Jan-13		-		32,724		-		32,724		168
Village Commons S.C.	Tallahassee, FL	Jan-13		7,100		-		-		7,100		125
Putty Hill Plaza (3)	Baltimore, MD	Jan-13		4,592		9,115		489		14,196		91
Columbia Crossing II S.C.	Columbia, MD	Jan-13		21,800		-		-		21,800		101
Roseville Plaza (Parcel)	Roseville, MN	Jan-13		5,143		-		-		5,143		80
Wilton River Park (4)	Wilton, CT	Mar-13		777		36,000		5,223		42,000		187
Canyon Square (5)	Santa Clarita, CA	Apr-13		1,950		13,800		-		15,750		97
JTS Portfolio (6)	Baton Rouge, LA	Apr-13		-		43,267		11,733		55,000		520
Factoria Mall (7)	Bellevue, WA	May-13		37,283		56,000		37,467		130,750		510
6 Out-parcels	Various	Jun-13		13,053		-		-		13,053		97
Highlands Ranch II	Highlands Ranch, CO	July-13		14,600		-		-		14,600		44
Elmsford	Elmsford, NY	Aug-13		23,000		-		-		23,000		143
			$	156,161	$	239,362	$	77,593	$	473,116		2,474

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Land	$	136,969
Buildings		244,194
Above Market Rents		10,787
Below Market Rents		(15,075	)
In-Place Leases		21,532
Building Improvements		65,274
Tenant Improvements		12,851
Mortgage Fair Value Adjustment		(3,884	)
Other Assets		867
Other Liabilities		(399	)
	$	473,116

Schedule Of Impairment Charges

Mexico operating properties (1)	$	66.9
Land parcels (2)		17.4
Operating properties (2)		10.5
Cost method investment (3)		10.0
Preferred equity investment (4)		3.2
Joint venture investments (2)		1.0
Total	$	109.0

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Note 2 - Operating Property Activities (Details) (USD $)	3 Months Ended		9 Months Ended				9 Months Ended			9 Months Ended							9 Months Ended													1 Months Ended	9 Months Ended					9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2012	Jul. 31, 2013	Sep. 30, 2013 After Noncontrolling Interests [Member]	Sep. 30, 2013 Operating Properties [Member]	Sep. 30, 2013 Losses Expected [Member]	Sep. 30, 2013 Operating Properties [Member]	Sep. 30, 2013 Two Land Parcels [Member]	Sep. 30, 2013 Noncontrolling Interest [Member]	Sep. 30, 2013 Acquisitions [Member] Santee Trolley Square [Member]	Sep. 30, 2013 Acquisitions [Member] Shops at Kildeer [Member]	Sep. 30, 2013 Acquisitions [Member] Putty Hill Plaza [Member]	Sep. 30, 2013 Acquisitions [Member]	Sep. 30, 2013 Consolidated Properties [Member]	Sep. 30, 2013 Unconsolidated Joint Ventures [Member]	Sep. 30, 2013 Santee Trolley Square [Member]		Sep. 30, 2013 Shops at Kildeer [Member]		Sep. 30, 2013 Putty Hill Plaza [Member]		Sep. 30, 2013 Wilton River Park [Member] Convertible Debt [Member]	Sep. 30, 2013 Wilton River Park [Member]		Sep. 30, 2013 Canyon Square [Member]		Apr. 30, 2013 JTS Portfolio [Member]	Sep. 30, 2013 JTS Portfolio [Member]		Sep. 30, 2013 Factoria Mall [Member]		Dec. 31, 2012 Factoria Mall [Member]	Sep. 30, 2013 FNC Realty Corporation [Member]	Sep. 30, 2013 Three Joint Ventures [Member]	Sep. 30, 2013 Property, Plant and Equipment [Member]	Sep. 30, 2013 Convertible Debt [Member]
Note 2 - Operating Property Activities (Details) [Line Items]
Equity Method Investment, Ownership Percentage													45.00%	19.00%																						100.00%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain				$ 21,711,000	$ 14,156,000														$ 22,700,000				$ 500,000										$ 8,200,000
Noncontrolling Interest, Ownership Percentage by Parent															80.00%																				50.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners															20.00%													15.00%
Business Combination, Consideration Transferred, Liabilities Incurred				239,362,000															48,456,000	[1]	32,724,000	[2]	9,115,000	[3]	5,200,000	36,000,000	[4]	13,800,000	[5]		43,267,000	[6]	56,000,000	[7]
Debt Instrument, Convertible, Term																																							1 year
Debt Instrument, Interest Rate, Stated Percentage						3.855%																				6.50%													6.00%
Loans Receivable, Net																										5,200,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss																															9,600,000
Repayments of Debt																														43,300,000
Additional Interest Acquired, Percentage																																	49.00%			17.30%
Payments to Acquire Businesses, Gross				156,161,000															26,863,000	[1]		[2]	4,592,000	[3]		777,000	[4]	1,950,000	[5]			[6]	37,283,000	[7]		20,300,000	6,500,000
Noncontrolling Interest, Period Increase (Decrease)																																				(19,600,000)	(400,000)
Adjustments to Additional Paid in Capital, Other				(4,800,000)																																(700,000)
Number of Real Estate Properties	22			22				27	14							7
Sales of Real Estate										153,300,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	23,398,000	11,329,000		27,762,000	34,571,000					9,500,000
Impairment of Real Estate					37,700,000					31,700,000	18,300,000
Proceeds from Sale of Real Estate											84,000,000
Asset Impairment Charges			109,000,000	109,000,000			76,700,000					3,100,000																										6,000,000
Gain (Loss) on Sale of Properties																	(66,900,000)	(12,900,000)
Cost Method Investments, Fair Value Disclosure	$ 5,000,000			$ 5,000,000

[1] This property was acquired from a joint venture in which the Company had a 45% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $22.7 million, before income tax, from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.

[2] This property was acquired from a joint venture in which the Company had a 19% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.

[3] The Company acquired the remaining 80% interest in an operating property from an unconsolidated joint venture in which the Company had a 20% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $0.5 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.

[4] The acquisition of this property included the issuance of $5.2 million of redeemable units, which are redeemable at the option of the holder after one year and earn a yield of 6% per annum, which is included in the purchase price above in Other. In connection with this transaction, the Company provided the sellers a $5.2 million loan at a rate of 6.5%, which is secured by the redeemable units.

[5] This property was acquired from a joint venture in which the Company has a 15% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.

[6] The Company acquired the remaining interest in a portfolio of office properties from a preferred equity investment in which the Company held a noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a change in control loss of $9.6 million from the fair value adjustment associated with the Company's original ownership, which is reflected in the purchase price above in Other. The debt assumed in connection with this transaction of $43.3 million was repaid in April 2013.

[7] The Company acquired an additional 49% interest in this operating property from an unconsolidated joint venture in which the Company had a 50% noncontrolling interest. As such the Company now consolidates this investment. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as a result, recognized a gain of $8.2 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.

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Note 7 - Mortgages and Other Financing Receivables

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

7. Mortgages and Other Financing Receivables:

The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. The Company reviews payment status to identify performing versus non-performing loans. Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may be unable to meet interest payments as they become due. Generally, loans 90 days or more past due are placed on non-accrual status unless there is sufficient collateral to assure collectability of principal and interest. Upon the designation of non-accrual status, all unpaid accrued interest is reserved against through current income. Interest income on non-performing loans is generally recognized on a cash basis. The following table presents performing and non-performing loans as of September 30, 2013 (in thousands):

	Number of Loans		Amount
Performing Loans		23	$	45,708
Non-Performing Loans		-		-
Total		23	$	45,708

During the nine months ended September 30, 2013, the Company foreclosed on two non-performing loans, in separate transactions, for an aggregate $25.6 million. As such, the Company acquired 59.24 acres of undeveloped land located in Westbrook, Maine and 427 acres of undeveloped land located in Brantford, Ontario, which was the collateral under each of the respective loans. The carrying values of the mortgage receivables did not exceed the fair values of the underlying collateral upon foreclosure.

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Note 3 - Discontinued Operations

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

3. Discontinued Operations

The Company reports as discontinued operations, properties held-for-sale as of the end of the current period and assets sold during the period. The results of these discontinued operations are included as a separate component of income on the Condensed Consolidated Statements of Income under the caption Discontinued operations.  This reporting has resulted in certain reclassifications of 2012 financial statement amounts.

The components of income and expense relating to discontinued operations for the three and nine months ended September 30, 2013 and 2012 are shown below. These include the results of operations through the date of each respective sale for properties sold during 2013 and 2012 and the operations for the applicable period for those assets classified as held-for-sale as of September 30, 2013 (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Discontinued operations:
Revenues from rental property	$	6,093		$	13,941		$	21,329		$	46,587
Rental property expenses		(2,465	)		(4,630	)		(7,575	)		(17,289	)
Depreciation and amortization		(1,220	)		(2,920	)		(5,076	)		(17,317	)
Provision for doubtful accounts		(389	)		(514	)		(815	)		(1,551	)
Interest (expense)/income		-			(848	)		300			(1,997	)
Other expense, net		(65	)		(122	)		(173	)		(353	)
Income from discontinued operating properties, before income taxes		1,954			4,907			7,990			8,080
Impairment of property carrying value, net, before income taxes		(10,842	)		(3,169	)		(58,107	)		(37,414	)
Gain on disposition of operating properties, net		28,244			13,278			32,608			36,520
(Provision)/benefit for income taxes, net		(4,884	)		(1,656	)		10,993			7,061
Income/(loss) from discontinued operating properties		14,472			13,360			(6,516	)		14,247
Net (income)/loss attributable to noncontrolling interests		(11	)		814			(39	)		(1,586	)
Income/(loss )from discontinued operations attributable to the Company	$	14,461		$	14,174		$	(6,555	)	$	12,661

During the nine months ended September 30, 2013, the Company classified as held-for-sale eight operating properties, comprising 850,997 square feet of GLA.  The aggregate book value of these properties was $108.0 million, net of accumulated depreciation of $11.1 million.   The Company recognized impairment charges of $15.2 million, after income taxes, on five of these properties. The book value of the other properties did not exceed their estimated fair value, less costs to sell, and as such no impairment charges were recognized. The Company’s determination of the fair value of these properties, aggregating $93.0 million, was based upon executed contracts of sale with third parties (see Footnote 12).   In addition, the Company completed the sale of six held-for-sale operating properties during the nine months ended September 30, 2013, one of which was classified as held-for-sale during 2012 (these dispositions are included in Footnote 2 above).  At September 30, 2013, the Company had three remaining operating properties classified as held-for-sale at a carrying amount of $64.6 million, net of accumulated depreciation of $5.7 million, which are included in Other assets on the Company’s Condensed Consolidated Balance Sheets.

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Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parentheticals) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Common Stock [Member]
Class Depositary Share	$ 0.63	$ 0.57
Series F Preferred Stock [Member]
Class Depositary Share		$ 1.0344
Series G Preferred Stock [Member]
Class Depositary Share		$ 1.4532
Series H Preferred Stock [Member]
Class Depositary Share	$ 1.2938	$ 1.2938
Series I Preferred Stock [Member]
Class Depositary Share	$ 1.125	$ 0.79583
Series J Preferred Stock [Member]
Class Depositary Share	$ 1.0313	$ 0.2521
Series K Preferred Stock [Member]
Class Depositary Share	$ 1.0547

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Note 5 - Other Real Estate Investments (Details) (USD $) Share data in Millions, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012
Note 5 - Other Real Estate Investments (Details) [Line Items]
Equity Method Investments	$ 1,308,184,000			$ 1,308,184,000			$ 1,428,155,000
Number of Real Estate Properties	22			22
Income (Loss) from Equity Method Investments	96,200,000		24,500,000	179,791,000		89,587,000
Cost Method Investments	4,992,000			4,992,000
Marketable Securities	88,656,000	[1]		88,656,000	[1]		36,541,000	[1]
Albertsons [Member] | Supervalu Transaction [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Number of Real Estate Properties	414			414
Payments to Acquire Equity Method Investments				22,300,000
Sale of Stock, Percentage of Ownership after Transaction				13.60%
Supervalu [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Equity Method Investments	11,000,000			11,000,000
Income (Loss) from Equity Method Investments				11,300,000
NAI Group Holdings [Member] | Supervalu Transaction [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Number of Real Estate Properties	456			456
Cost Method Investments	14,900,000			14,900,000
Cost Method Investment, Ownership Percentage	15.00%			15.00%
Number of Grocery Banners	4			4
Supervalu [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Investment Owned, Balance, Shares (in Shares)	8.2			8.2
Supervalu Transaction [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Marketable Securities	33,600,000			33,600,000
Net Leased Properties [Member] | Preferred Equity Capital [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Number of Real Estate Properties	391			391
Supervalu Transaction [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Investment Owned, at Cost	70,800,000			70,800,000
Preferred Equity Capital [Member]
Note 5 - Other Real Estate Investments (Details) [Line Items]
Equity Method Investments	246,500,000			246,500,000
Number of Real Estate Properties	483			483
Income (Loss) from Equity Method Investments				37,900,000		26,000,000
Equity Method Investment, Realized Gain (Loss) on Disposal				20,300,000		6,600,000
Number of Capital Transactions	9		17	9		17
Number of Agreements			1			1
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss				$ 9,600,000

[1] As of September 30, 2013 and December 31, 2012, the Company determined that $85.6 million and $33.4 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $3.3 million and $3.4 million, respectively, were classified within Level 3 of the fair value hierarchy.

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Note 3 - Discontinued Operations (Details) - Discontinued Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income/(loss) from discontinued operating properties	$ 14,472	$ 13,360	$ (6,516)	$ 14,247
Net (income)/loss attributable to noncontrolling interests	11	(814)	39	1,586
Income/(loss )from discontinued operations attributable to the Company	14,461	14,174	(6,555)	12,661
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues from rental property	6,093	13,941	21,329	46,587
Rental property expenses	(2,465)	(4,630)	(7,575)	(17,289)
Depreciation and amortization	(1,220)	(2,920)	(5,076)	(17,317)
Provision for doubtful accounts	(389)	(514)	(815)	(1,551)
Interest (expense)/income	0	(848)	300	(1,997)
Other expense, net	(65)	(122)	(173)	(353)
Income from discontinued operating properties, before income taxes	1,954	4,907	7,990	8,080
Impairment of property carrying value, net, before income taxes	(10,842)	(3,169)	(58,107)	(37,414)
Gain on disposition of operating properties, net	28,244	13,278	32,608	36,520
(Provision)/benefit for income taxes, net	(4,884)	(1,656)	10,993	7,061
Income/(loss) from discontinued operating properties	14,472	13,360	(6,516)	14,247
Net (income)/loss attributable to noncontrolling interests	(11)	814	(39)	(1,586)
Income/(loss )from discontinued operations attributable to the Company	$ 14,461	$ 14,174	$ (6,555)	$ 12,661

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Note 11 - Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2013

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest [Table Text Block]

	2013			2012
Balance at January 1,	$	81,076		$	95,074
Issuance of redeemable units		5,223			-
Fair market value adjustment, net		(484	)		-
Other		88			(15	)
Balance at September 30,	$	85,903		$	95,059

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Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) [Line Items]
Deferred Tax Assets, Net	$ 108,823,000	$ 90,225,000
Valuation Allowance, Deferred Tax Asset, Change in Amount	(8,700,000)
Income Tax Examination, Penalties Expense	40,900,000
KRS [Member]
Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) [Line Items]
Deferred Tax Assets, Net	95,000,000
FNC Realty Corporation [Member]
Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) [Line Items]
Deferred Tax Assets, Net	19,700,000
Foreign Investments [Member]
Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) [Line Items]
Deferred Tax Assets, Net	$ 13,800,000
Minimum [Member]
Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) [Line Items]
Statute of Limitations, Term	3
Maximum [Member]
Note 16 - Taxable REIT Subsidiaries ("TRS") (Details) [Line Items]
Statute of Limitations, Term	7

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Note 11 - Noncontrolling Interests (Details) - Change in the Redemption Value of the Redeemable Noncontrolling Interests (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Change in the Redemption Value of the Redeemable Noncontrolling Interests [Abstract]
Balance	$ 81,076	$ 95,074
Issuance of redeemable units	5,223
Fair market value adjustment, net	(484)
Other	88	(15)
Balance	$ 85,903	$ 95,059

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Note 10 - Mortgages Payable

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

10. Mortgages Payable

During the nine months ended September 30, 2013, the Company (i) assumed $243.3 million of individual non-recourse mortgage debt relating to the acquisition of seven operating properties, including an increase of $3.9 million associated with fair value debt adjustments (ii) obtained $36.0 million of individual non-recourse mortgage debt relating to three operating properties and (iii) paid off $132.5 million of mortgage debt that encumbered nine properties.

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Note 6 - Variable Interest Entities

9 Months Ended

Sep. 30, 2013

Disclosure Text Block [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

6. Variable Interest Entities

Consolidated Ground-Up Development Projects

Included within the Company’s ground-up development projects at September 30, 2013, are two entities that are VIEs, for which the Company is the primary beneficiary. These entities were established to develop real estate property to hold as long-term investments.  The Company’s involvement with these entities is through its majority ownership and management of the properties. These entities were deemed VIEs primarily based on the fact that the equity investment at risk is not sufficient to permit the entity to finance its activities without additional financial support. The initial equity contributed to these entities was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period. The Company determined that it was the primary beneficiary of these VIEs as a result of its controlling financial interest.  

           At September 30, 2013, total assets of these ground-up development VIEs were $85.5 million and total liabilities were $0.4 million. The classification of these assets is primarily within Real estate under development and the classification of liabilities are primarily within accounts payable and accrued expenses, which is included in Other liabilities in the Company’s Condensed Consolidated Balance Sheets.

Substantially all of the projected development costs to be funded for these ground-up development VIEs, aggregating $33.1 million, will be funded with capital contributions from the Company and by the outside partners, when contractually obligated. The Company has not provided financial support to these VIEs that it was not previously contractually required to provide.

Unconsolidated Ground-Up Development

Also included within the Company’s ground-up development projects at September 30, 2013, is an unconsolidated joint venture, which is a VIE for which the Company is not the primary beneficiary. This joint venture is primarily established to develop real estate property for long-term investment and was deemed a VIE primarily based on the fact that the equity investment at risk was not sufficient to permit the entity to finance its activities without additional financial support.  The initial equity contributed to this entity was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period.  The Company determined that it was not the primary beneficiary of this VIE based on the fact that the Company has shared control of this entity along with the entity’s partners and therefore does not have a controlling financial interest.

The Company’s investment in this VIE was $17.4 million as of September 30, 2013, which is included in Real estate under development in the Company’s Condensed Consolidated Balance Sheets. The Company’s maximum exposure to loss as a result of its involvement with this VIE is estimated to be $35.8 million, which primarily represents the Company’s current investment and estimated future funding commitments of $18.4 million.  The Company has not provided financial support to this VIE that it was not previously contractually required to provide.  All future costs of development will be funded with capital contributions from the Company and the outside partner in accordance with their respective ownership percentages.

Unconsolidated Redevelopment Investment

Included in the Company’s joint venture investments at September 30, 2013, is one unconsolidated joint venture, which is a VIE for which the Company is not the primary beneficiary. This joint venture was primarily established to develop real estate property for long-term investment and was deemed a VIE primarily based on the fact that the equity investment at risk was not sufficient to permit the entity to finance its activities without additional financial support. The initial equity contributed to this entity was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period. The Company determined that it was not the primary beneficiary of this VIE based on the fact that the Company has shared control of this entity along with the entity’s partners and therefore does not have a controlling financial interest.

As of September 30, 2013, the Company’s investment in this VIE was a negative $11.2 million, due to the fact that the Company had a remaining capital commitment obligation, which is included in Other liabilities in the Company’s Condensed Consolidated Balance Sheets. The Company’s maximum exposure to loss as a result of its involvement with this VIE is estimated to be $11.2 million, which is the remaining capital commitment obligation. The Company has not provided financial support to this VIE that it was not previously contractually required to provide. All future costs of development will be funded with capital contributions from the Company and the outside partner in accordance with their respective ownership percentages.

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Note 17 - Accumulated Other Comprehensive Income ("AOCI") (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013
Note 17 - Accumulated Other Comprehensive Income ("AOCI") (Details) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ 87.2
Attributable to Noncontrolling Interests [Member]
Note 17 - Accumulated Other Comprehensive Income ("AOCI") (Details) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	7.3
Canada [Member]
Note 17 - Accumulated Other Comprehensive Income ("AOCI") (Details) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	25.9
Latin America [Member]
Note 17 - Accumulated Other Comprehensive Income ("AOCI") (Details) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (113.1)

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Note 13 - Preferred Stock

9 Months Ended

Sep. 30, 2013

Disclosure Text Block Supplement [Abstract]

Preferred Stock [Text Block]

13. Preferred Stock

The Company’s outstanding Preferred Stock is detailed below (in thousands, except share information and par values):

As of September 30, 2013 and December 31, 2012
Series of Preferred Stock	Shares Authorized		Shares Issued and Outstanding		Liquidation Preference		Dividend Rate			Annual Dividend per Depositary Share		Par Value
Series H		70,000		70,000	$	175,000		6.90	%	$	1.72500	$	1.00
Series I		18,400		16,000		400,000		6.00	%	$	1.50000	$	1.00
Series J		9,000		9,000		225,000		5.50	%	$	1.37500	$	1.00
Series K		8,050		7,000		175,000		5.625	%	$	1.40625	$	1.00
		105,450		102,000	$	975,000

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Note 11 - Noncontrolling Interests

9 Months Ended

Sep. 30, 2013

Noncontrolling Interest [Abstract]

Noncontrolling Interest Disclosure [Text Block]

11. Noncontrolling Interests

Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates as a result of having a controlling financial interest in accordance with the provisions of the FASB’s Consolidation guidance.  The Company identifies its noncontrolling interests separately within the equity section on the Company’s Condensed Consolidated Balance Sheets. Noncontrolling interests also includes amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions.  Partnership units which are determined to be mandatorily redeemable under the FASB’s Distinguishing Liabilities from Equity guidance are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholder’s equity on the Company’s Condensed Consolidated Balance Sheets. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented on the Company’s Condensed Consolidated Statements of Income.

The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the nine months ended September 30, 2013 and September 30, 2012 (amounts in thousands):

	2013			2012
Balance at January 1,	$	81,076		$	95,074
Issuance of redeemable units		5,223			-
Fair market value adjustment, net		(484	)		-
Other		88			(15	)
Balance at September 30,	$	85,903		$	95,059

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Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 23, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	Kimco Realty Corporation
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		409,690,237
Amendment Flag	false
Entity Central Index Key	0000879101
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3

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Note 12 - Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

12. Fair Value Measurements

All financial instruments of the Company are reflected in the accompanying Condensed Consolidated Balance Sheets at amounts which, in management’s estimation based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values except those listed below, for which fair values are disclosed.  The valuation method used to estimate fair value for fixed-rate and variable-rate debt is based on discounted cash flow analyses, with assumptions that include credit spreads, market yield curves, trading activity, loan amounts and debt maturities.  The fair values for marketable securities are based on published values, securities dealers’ estimated market values or comparable market sales.  Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition.

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 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy).

The following are financial instruments for which the Company’s estimate of fair value differs from the carrying amounts (in thousands):

	September 30, 2013				December 31, 2012
	Carrying Amounts		Estimated Fair Value		Carrying Amounts		Estimated Fair Value
Marketable securities (1)	$	88,656	$	88,939	$	36,541	$	36,825
Notes payable (2)	$	3,254,881	$	3,430,921	$	3,192,127	$	3,408,632
Mortgages payable (3)	$	1,125,771	$	1,181,135	$	1,003,190	$	1,068,616

(1) As of September 30, 2013 and December 31, 2012, the Company determined that $85.6 million and $33.4 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $3.3 million and $3.4 million, respectively, were classified within Level 3 of the fair value hierarchy.

(2) The Company determined that its valuation of Notes payable was classified within Level 2 of the fair value hierarchy. 

(3) The Company determined that its valuation of Mortgages payable was classified within Level 3 of the fair value hierarchy. 

The Company has certain financial instruments that must be measured under the FASB’s Fair Value Measurements and Disclosures guidance, including available for sale securities. The Company currently does not have non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis.

The table below presents the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):

	Balance at September 30, 2013		Level 1		Level 2		Level 3
Marketable equity securities	$	85,640	$	85,640	$	-	$	-

	Balance at December 31, 2012		Level 1		Level 2		Level 3
Marketable equity securities	$	33,428	$	33,428	$	-	$	-

 Assets measured at fair value on a non-recurring basis at September 30, 2013 and December 31, 2012, are as follows (in thousands):

	Balance at September 30, 2013		Level 1		Level 2		Level 3
Real estate	$	302,702	$	-	$	-	$	302,702
Joint venture investments	$	1,395	$	-	$	-	$	1,395
Cost method investment	$	4,992	$	-	$	-	$	4,992

	Balance at December 31, 2012		Level 1		Level 2		Level 3
Real estate	$	52,505	$	-	$	-	$	52,505

During the nine months ended September 30, 2013, the Company recognized impairment charges of $167.2 million ($58.1 million, before income taxes is included in discontinued operations) of which $153.0 million related to adjustments to property carrying values, $10.0 million related to a cost method investment, $1.0 million related to certain joint venture investments and $3.2 million related to a preferred equity investment. During the nine months ended September 30, 2012, the Company recognized impairment charges of $37.7 million ($37.4 million, before income taxes,  of which is included in discontinued operations) relating to adjustments to property carrying values. The Company’s estimated fair values relating to these assets were primarily based upon (i) estimated sales prices from third party offers relating to property carrying values and joint venture investments and (ii) a discounted cash flow model relating to the Company’s cost method investment. The Company does not have access to the unobservable inputs used by the third parties to determine these estimated fair values.  The discounted cash flows model includes all estimated cash inflows and outflows over a specified holding period. These cash flows were comprised of unobservable inputs which include forecasted revenues and expenses based upon market conditions and expectations for growth. The capitalization rate of 6.0% and discount rate of 9.5% which were utilized in this model were based upon observable rates that the Company believes to be within a reasonable range of current market rates for the respective investments. Based on these inputs the Company determined that its valuation of these investments was classified within Level 3 of the fair value hierarchy.

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Note 12 - Fair Value Measurements (Details) - Estimate of Fair Value Differs from Carrying Amounts (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Estimate of Fair Value Differs from Carrying Amounts [Abstract]
Marketable securities (1)	$ 88,656	[1]	$ 36,541	[1]
Marketable securities (1)	88,939	[1]	36,825	[1]
Notes payable (2)	3,254,881	[2]	3,192,127	[2]
Notes payable (2)	3,430,921	[2]	3,408,632	[2]
Mortgages payable (3)	1,125,771	[3]	1,003,190	[3]
Mortgages payable (3)	$ 1,181,135	[3]	$ 1,068,616	[3]

[1] As of September 30, 2013 and December 31, 2012, the Company determined that $85.6 million and $33.4 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $3.3 million and $3.4 million, respectively, were classified within Level 3 of the fair value hierarchy.

[2] The Company determined that its valuation of Notes payable was classified within Level 2 of the fair value hierarchy.

[3] The Company determined that its valuation of Mortgages payable was classified within Level 3 of the fair value hierarchy.

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Note 12 - Fair Value Measurements (Details) (USD $)	9 Months Ended
	Dec. 31, 2013	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012
Note 12 - Fair Value Measurements (Details) [Line Items]
Marketable Securities		$ 88,656,000	[1]		$ 36,541,000	[1]
Asset Impairment Charges	109,000,000	109,000,000
Impairment of Real Estate				37,700,000
Fair Value Inputs, Cap Rate		6.00%
Fair Value Inputs, Discount Rate		9.50%
Before Tax [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Asset Impairment Charges		167,200,000
Cost-method Investments [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Asset Impairment Charges		10,000,000
Other Joint Venture Programs [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Equity Method Investment, Other than Temporary Impairment		1,000,000
Preferred Equity Capital [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Equity Method Investment, Other than Temporary Impairment		3,200,000
Fair Value, Estimate Not Practicable, Carrying (Reported) Amount [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Impairment of Real Estate		153,000,000
Discontinued Operations [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Impairment of Real Estate		58,100,000		37,400,000
Fair Value, Inputs, Level 1 [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Marketable Securities		85,600,000			33,400,000
Fair Value, Inputs, Level 3 [Member]
Note 12 - Fair Value Measurements (Details) [Line Items]
Marketable Securities		$ 3,300,000			$ 3,400,000

[1] As of September 30, 2013 and December 31, 2012, the Company determined that $85.6 million and $33.4 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $3.3 million and $3.4 million, respectively, were classified within Level 3 of the fair value hierarchy.