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Note 7 - Investments In and Advances to Real Estate Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Equity Method Investments [Table Text Block]
      

The Company's Investment

 
  

Ownership

  

December 31,

 

Joint Venture

 

Interest

  

2021

  

2020

 

Prudential Investment Program

  15.0%  $163.0  $175.1 

Kimco Income Opportunity Portfolio (“KIR”)

  48.6%   186.0   177.4 

Canada Pension Plan Investment Board (“CPP”)

  55.0%   165.1   159.7 

Other Institutional Joint Ventures (1) (2)

 

 

Various   281.8   - 

Other Joint Venture Programs (1)

 

 

Various   211.0   78.5 

Total*

     $1,006.9  $590.7 
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block]
  

December 31, 2021

  

December 31, 2020

 

Joint Venture

 

Mortgages and

Notes Payable,

Net

  

Weighted

Average

Interest Rate

  

Weighted

Average Remaining

Term

(months)*

  

Mortgages and

Notes Payable,

Net

  

Weighted

Average

Interest Rate

  

Weighted

Average Remaining

Term

(months)*

 

Prudential Investment Program

 $426.9   2.02

%

  45.6  $495.8   2.05

%

  37.2 

KIR

  492.6   2.55

%

  27.9   536.9   3.87

%

  25.3 

CPP

  84.2   1.85

%

  55.0   84.9   3.25

%

  30.0 

Other Institutional Joint Ventures (1)

  232.9   1.65

%

  59.7   -   -   - 

Other Joint Venture Programs (1)

  402.1   3.58

%

  83.0   423.4   3.41

%

  86.7 

Total

 $1,638.7          $1,541.0         
Investments in and Advances to Affiliates [Table Text Block]
  

December 31,

 
  

2021

  

2020

 

Assets:

        

Real estate, net

 $769.4  $787.1 

Other assets, net

  68.2   75.3 

Total Assets

 $837.6  $862.4 

Liabilities and Members’ Capital:

        

Notes payable, net

 $258.8  $91.5 

Mortgages payable, net

  233.7   445.4 

Other liabilities

  16.2   17.4 

Members’ capital

  328.9   308.1 

Total Liabilities and Members’ Capital

 $837.6  $862.4 
  

December 31,

 
  

2021

  

2020

 

Assets:

        

Real estate, net

 $3,619.4  $2,549.2 

Other assets, net

  193.8   179.0 

Total Assets

 $3,813.2  $2,728.2 
         

Liabilities and Members’ Capital:

        

Notes payable, net

 $199.0  $199.8 

Mortgages payable, net

  947.2   804.3 

Other liabilities

  73.8   53.6 

Noncontrolling interests

  32.6   18.3 

Members’ capital

  2,560.6   1,652.2 

Total Liabilities and Members’ Capital

 $3,813.2  $2,728.2 
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block]
  

Year Ended December 31,

 
  

2021

  

2020

  

2019

 

Revenues, net

 $186.6  $173.9  $193.6 

Operating expenses

  (51.3)  (49.5)  (51.0)

Depreciation and amortization

  (40.3)  (36.9)  (38.0)

Gain on sale of properties

  -   -   32.2 

Interest expense

  (18.1)  (23.8)  (28.2)

Other expense, net

  (2.1)  (1.6)  (1.1)

Net income

 $74.8  $62.1  $107.5 
  

Year Ended December 31,

 
  

2021

  

2020

  

2019

 

Revenues, net

 $340.3  $282.4  $317.6 

Operating expenses

  (111.7)  (101.9)  (99.4)

Impairment charges

  (23.5)  (4.4)  (39.5)

Depreciation and amortization

  (97.2)  (75.0)  (76.9)

Gain on sale of properties

  61.5   0.2   15.0 

Interest expense

  (27.6)  (31.2)  (47.1)

Other expense, net

  (0.9)  (10.8)  (14.2)

Net income

 $140.9  $59.3  $55.5 
Income [Member]  
Notes Tables  
Equity Method Investments [Table Text Block]
  

Year Ended December 31,

 
  

2021

  

2020

  

2019

 

Prudential Investment Program (1)

 $17.5  $9.0  $10.4 

KIR

  36.9   30.5   50.3 

CPP

  9.2   5.6   5.8 

Other Institutional Joint Ventures

  1.7   -   - 

Other Joint Venture Programs

 

19.5

   2.3   5.7 

Total

 $84.8  $47.4  $72.2