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Note 7 - Investment In and Advances to Real Estate Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Equity Method Investments [Table Text Block]
  

Noncontrolling

  

The Company's Investment

 
  

Ownership Interest

  

As of December 31,

 

Joint Venture

 

As of December 31, 2022

  

2022

  

2021

 

Prudential Investment Program

  15.0%  $153.6  $163.0 

Kimco Income Opportunity Portfolio (“KIR”) (1)

  52.1%   281.5   186.0 

Canada Pension Plan Investment Board (“CPP”)

  55.0%   190.8   165.1 

Other Institutional Joint Ventures (2)

 

 

Various   256.8   281.8 

Other Joint Venture Programs

 

 

Various   208.9   211.0 

Total*

     $1,091.6  $1,006.9 
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block]
  

December 31, 2022

  

December 31, 2021

 

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

 $380.1   5.20

%

  33.1  $426.9   2.02

%

  45.6 

KIR

  297.9   5.46

%

  47.2   492.6   2.55

%

  27.9 

CPP

  83.1   6.14

%

  43.0   84.2   1.85

%

  55.0 

Other Institutional Joint Ventures

  233.5   4.30

%

  47.7   232.9   1.65

%

  59.7 

Other Joint Venture Programs

  388.8   4.10

%

  71.8   402.1   3.58

%

  83.0 

Total

 $1,383.4          $1,638.7         
Investments in and Advances to Affiliates [Table Text Block]
  

December 31,

 
  

2022

  

2021

 

Assets:

        

Real estate, net

 $668.7  $769.4 

Other assets, net

  72.4   68.2 

Total Assets

 $741.1  $837.6 

Liabilities and Members’ Capital:

        

Notes payable, net

 $272.9  $258.8 

Mortgages payable, net

  25.0   233.7 

Other liabilities

  13.9   16.2 

Members’ capital

  429.3   328.9 

Total Liabilities and Members’ Capital

 $741.1  $837.6 
  

December 31,

 
  

2022

  

2021

 

Assets:

        

Real estate, net

 $3,440.1  $3,619.4 

Other assets, net

  208.4   193.8 

Total Assets

 $3,648.5  $3,813.2 
         

Liabilities and Members’ Capital:

        

Notes payable, net

 $159.5  $199.0 

Mortgages payable, net

  925.9   947.2 

Other liabilities

  78.8   73.8 

Noncontrolling interests

  33.5   32.6 

Members’ capital

  2,450.8   2,560.6 

Total Liabilities and Members’ Capital

 $3,648.5  $3,813.2 
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block]
  

Year Ended December 31,

 
  

2022

  

2021

  

2020

 

Revenues, net

 $182.5  $186.6  $173.9 

Operating expenses

  (48.2)  (51.3)  (49.5)

Depreciation and amortization

  (39.4)  (40.3)  (36.9)

Gain on sale of properties

  76.2   -   - 

Interest expense

  (15.5)  (18.1)  (23.8)

Other expense, net

  (1.2)  (2.1)  (1.6)

Net income

 $154.4  $74.8  $62.1 
  

Year Ended December 31,

 
  

2022

  

2021

  

2020

 

Revenues, net

 $395.2  $340.3  $282.4 

Operating expenses

  (126.9)  (111.7)  (101.9)

Impairment charges

  (21.1)  (23.5)  (4.4)

Depreciation and amortization

  (119.0)  (97.2)  (75.0)

Gain on sale of properties

  24.7   61.5   0.2 

Interest expense

  (38.6)  (27.6)  (31.2)

Other expense, net

  (6.2)  (0.9)  (10.8)

Net income

 $108.1  $140.9  $59.3 
Income [Member]  
Notes Tables  
Equity Method Investments [Table Text Block]
  

Year Ended December 31,

 
  

2022

  

2021

  

2020

 

Prudential Investment Program (1)

 $9.6  $17.5  $9.0 

KIR

  70.3   36.9   30.5 

CPP

  10.6   9.2   5.6 

Other Institutional Joint Ventures

  7.0   1.7   - 

Other Joint Venture Programs

  12.0   19.5   2.3 

Total

 $109.5  $84.8  $47.4