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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenues from rental properties, net $ 438,338 $ 422,654
Management and other fee income 4,554 4,595
Total revenues 442,892 427,249
Operating expenses    
Rent (4,013) (4,081)
Real estate taxes (57,506) (54,314)
Operating and maintenance (75,242) (69,225)
General and administrative (34,749) (29,948)
Impairment charges (11,806) (272)
Depreciation and amortization (126,301) (130,294)
Total operating expenses (309,617) (288,134)
Gain on sale of properties 39,206 4,193
Operating income 172,481 143,308
Other income/(expense)    
Special dividend income 194,116 0
Other income, net 3,132 5,983
(Loss)/gain on marketable securities, net (10,144) 121,764
Interest expense (61,306) (57,019)
Early extinguishment of debt charges 0 (7,173)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 298,279 206,863
(Provision)/benefit for income taxes, net (30,829) 153
Net income 293,776 235,959
Net (income)/loss attributable to noncontrolling interests (4,013) 1,343
Net income attributable to the Company 289,763 237,302
Preferred dividends, net (6,251) (6,354)
Net income available to the Company's common shareholders $ 283,512 $ 230,948
Per common share:    
-Basic (in dollars per share) $ 0.46 $ 0.37
-Diluted (in dollars per share) $ 0.46 $ 0.37
Weighted average shares:    
-Basic (in shares) 616,489 614,767
-Diluted (in shares) [1] 619,628 616,758
Joint Ventures [Member]    
Other income/(expense)    
Equity in income, net $ 24,204 $ 23,570
Other Real Estate Investments [Member]    
Other income/(expense)    
Equity in income, net 2,122 5,373
Kimco Realty OP, LLC [Member]    
Revenues    
Revenues from rental properties, net 438,338 422,654
Management and other fee income 4,554 4,595
Total revenues 442,892 427,249
Operating expenses    
Rent (4,013) (4,081)
Real estate taxes (57,506) (54,314)
Operating and maintenance (75,242) (69,225)
General and administrative (34,749) (29,948)
Impairment charges (11,806) (272)
Depreciation and amortization (126,301) (130,294)
Total operating expenses (309,617) (288,134)
Gain on sale of properties 39,206 4,193
Operating income 174,481 143,308
Other income/(expense)    
Special dividend income 194,116 0
Other income, net 3,132 5,983
(Loss)/gain on marketable securities, net (10,144) 121,764
Interest expense (61,306) (57,019)
Early extinguishment of debt charges 0 (7,173)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net 298,279 206,863
(Provision)/benefit for income taxes, net (30,829) 153
Net income 293,776 235,959
Net (income)/loss attributable to noncontrolling interests (4,013) 1,343
Net income attributable to the Company 289,763 237,302
Preferred dividends, net (6,251) (6,354)
Net income available to the Company's common shareholders $ 283,512 $ 230,948
Per common share:    
-Basic (in dollars per share) $ 0.46 $ 0.37
-Diluted (in dollars per share) $ 0.46 $ 0.37
Weighted average shares:    
-Basic (in shares) 616,489 614,767
-Diluted (in shares) 619,628 616,758
Kimco Realty OP, LLC [Member] | Joint Ventures [Member]    
Other income/(expense)    
Equity in income, net $ 24,204 $ 23,570
Kimco Realty OP, LLC [Member] | Other Real Estate Investments [Member]    
Other income/(expense)    
Equity in income, net $ 2,122 $ 5,373
[1] The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income available to the Company's common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 0.3 million, 0 million and 1.2 million stock options that were not dilutive as of December 31, 2022, 2021 and 2020, respectively.