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Note 2 - Weingarten Merger (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]

Weingarten common shares outstanding as of August 3, 2021

  127,784,006 

Exchange ratio

  1.408 

Kimco common stock issued

  179,919,880 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
          

Purchase Price

     

Property Name

 

Location

  

Month Acquired

  

Cash

  

Debt

  

Other

  

Total

  

GLA*

 

Rancho San Marcos Parcel

 

San Marcos, CA

  

Jan-22

  $2,407  $-  $-  $2,407   6 

Columbia Crossing Parcel

 

Columbia, MD

  

Feb-22

   16,239   -   -   16,239   60 

Oak Forest Parcel

 

Houston, TX

  

Jun-22

   3,846   -   -   3,846   4 

Devon Village (1)

 

Devon, PA

  

Jun-22

   733   -   -   733   - 

Fishtown Crossing

 

Philadelphia, PA

  

Jul-22

   39,291   -   -   39,291   133 

Carman’s Plaza

 

Massapequa, NY

  

Jul-22

   51,423   -   -   51,423   195 

Pike Center (1)

 

Rockville, MD

  

Jul-22

   21,850   -   -   21,850   - 

Baybrook Gateway (1)

 

Webster, TX

  

Oct-22

   2,978   -   -   2,978   - 

Portfolio (8 Properties) (2)

 

Long Island, NY

  

Nov-22

   152,078   88,792   135,663   376,533   536 

Gordon Plaza (1)

 

Woodbridge, VA

  

Nov-22

   5,573   -   -   5,573   - 

The Gardens at Great Neck (1)

 

Great Neck, NY

  

Dec-22

   4,019   -   -   4,019   - 
          $300,437  $88,792  $135,633  $524,892   934 
          

Purchase Price

     

Property Name

 

Location

  

Month Acquired/ Consolidated

  

Cash

  

Debt

  

Other

  

Total

  

GLA

 

Distribution Center #1 (1)

 

Lancaster, CA

  

Jan-21

  $58,723  $-  $11,277  $70,000   927 

Distribution Center #2 (1)

 

Woodland, CA

  

Jan-21

   27,589   -   6,411   34,000   508 

Jamestown Portfolio (6 properties) (2)

 

Various

  

Oct-21

   172,899   170,000   87,094   429,993   1,226 

KimPru Portfolio (2 properties) (2)

 

Various

  

Oct-21

   61,705   64,169   15,212   141,086   478 

Columbia Crossing Parcel

 

Columbia, MD

  

Oct-21

   12,600   -   -   12,600   45 

Centro Arlington (2)

 

Arlington, VA

  

Nov-21

   24,178   -   184,850   209,028   72 
          $357,694  $234,169  $304,844  $896,707   3,256 
Business Acquisition, Pro Forma Information [Table Text Block]
  

Year Ended December 31,

 
  

2021

  

2020

 

Revenues from rental properties, net

 $2,341.4  $2,234.9 

Net income (1)

 $1,114.6  $1,193.1 

Net income available to the Company’s common shareholders (1)

 $1,084.1  $1,166.3 
Weingarten Realty Investors [Member]  
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
  

Price of

Kimco

Common

Stock

  

Equity

Consideration

Given (Kimco

Shares Issued)

  

Calculated

Value of

Weingarten

Consideration

  

Cash

Consideration

*

  

Total Value of

Consideration

 

As of August 3, 2021

 $20.78   179,920  $3,738,735  $320,424  $4,059,159 
  

Purchase Price

Allocation

 

Land

 $1,174,407 

Building and improvements

  4,040,244 

In-place leases

  370,685 

Above-market leases

  42,133 

Real estate assets

  5,627,469 

Investments in and advances to real estate joint ventures

  585,382 

Cash, accounts receivable and other assets

  241,582 

Total assets acquired

  6,454,433 
     

Notes payable

  (1,497,632)

Mortgages payable

  (317,671)

Accounts payable and other liabilities

  (283,559)

Below-market leases

  (119,373)

Noncontrolling interests

  (177,039)

Total liabilities assumed

  (2,395,274)
     

Total purchase price

 $4,059,159 
  

Weighted Average
Amortization Period

(in Years)

 

Land

  n/a 

Building

  50.0 

Building improvements

  45.0 

Tenant improvements

  7.1 

Fixtures and leasehold improvements

  6.2 

In-place leases

  5.6 

Above-market leases

  10.1 

Below-market leases

  31.5 

Right-of-use intangible assets

  30.9 

Fair market value of debt adjustment

  3.7