Kimco Realty (KIM) 10-Q28 Oct 222022 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2022	Oct. 19, 2022
Document Information [Line Items]
Entity Central Index Key	0000879101
Entity Registrant Name	KIMCO REALTY CORP
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-10899
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	13-2744380
Entity Address, Address Line One	500 North Broadway, Suite 201
Entity Address, City or Town	Jericho
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11753
City Area Code	516
Local Phone Number	869-9000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		618,460,829
Class M Cumulative Redeemable Preferred Stock Depositary Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing one-thousandth of a share of 5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
Trading Symbol	KIMprM
Security Exchange Name	NYSE
Class L Cumulative Redeemable Preferred Stock Depositary Shares[Member]
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share.
Trading Symbol	KIMprL
Security Exchange Name	NYSE
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $.01 per share.
Trading Symbol	KIM
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Assets:
Real estate, net of accumulated depreciation and amortization of $3,336,473 and $3,010,699, respectively		$ 14,748,910	$ 15,035,900
Cash and cash equivalents		123,531	334,663
Marketable securities		999,094	1,211,739
Accounts and notes receivable, net		269,887	254,677
Operating lease right-of-use assets, net		135,429	147,458
Other assets		434,711	340,176
Total assets	[1]	17,915,569	18,459,199
Liabilities:
Notes payable, net		6,909,382	7,027,050
Mortgages payable, net		300,739	448,652
Dividends payable		5,326	5,366
Operating lease liabilities		114,923	123,779
Other liabilities		732,081	730,690
Total liabilities	[2]	8,062,451	8,335,537
Redeemable noncontrolling interests		13,270	13,480
Commitments and Contingencies (Footnote 18)
Stockholders' equity:
Preferred stock, $1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 19,435 and 19,580 shares, respectively; Aggregate liquidation preference $485,868 and $489,500, respectively		19	20
Common stock, $.01 par value, authorized 750,000,000 shares; Issued and outstanding 618,462,620 and 616,658,593 shares, respectively		6,185	6,167
Paid-in capital		9,611,382	9,591,871
Retained earnings		78,790	299,115
Accumulated other comprehensive income		6,688	2,216
Total stockholders' equity		9,703,064	9,899,389
Noncontrolling interests		136,784	210,793
Total equity		9,839,848	10,110,182
Total liabilities and equity		17,915,569	18,459,199
Real Estate Under Development [Member]
Assets:
Real estate under development		5,672	5,672
Investments in and Advances to Real Estate Joint Ventures [Member]
Assets:
Investments in and advances to real estate joint ventures		1,092,351	1,006,899
Other Real Estate Investments [Member]
Assets:
Other investments		$ 105,984	$ 122,015

[1]Includes restricted assets of consolidated variable interest entities (“VIEs”) at September 30, 2022 and December 31, 2021 of $88,949 and $227,858, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.[2]Includes non-recourse liabilities of consolidated VIEs at September 30, 2022 and December 31, 2021 of $100,291 and $153,924, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Real estate, accumulated depreciation		$ 3,336,473	$ 3,010,699
Total assets	[1]	17,915,569	18,459,199
Total liabilities	[2]	$ 8,062,451	$ 8,335,537
Preferred stock, par value (in dollars per share)		$ 1	$ 1
Preferred stock, shares authorized (in shares)		7,054,000	7,054,000
Preferred stock, shares issued (in shares)		19,435	19,580
Preferred stock, shares outstanding (in shares)		19,435	19,580
Preferred stock, liquidation preference		$ 485,868	$ 489,500
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)		750,000,000	750,000,000
Common stock, shares issued (in shares)		618,462,620
Common stock, shares outstanding (in shares)		618,462,620	616,658,593
Variable Interest Entity, Primary Beneficiary [Member] \| Nonrecourse [Member]
Total liabilities		$ 100,300	$ 153,900
Variable Interest Entity, Primary Beneficiary [Member] \| Asset Pledged as Collateral [Member]
Total assets		$ 88,900	$ 227,900

[1]Includes restricted assets of consolidated variable interest entities (“VIEs”) at September 30, 2022 and December 31, 2021 of $88,949 and $227,858, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.[2]Includes non-recourse liabilities of consolidated VIEs at September 30, 2022 and December 31, 2021 of $100,291 and $153,924, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Revenues from rental properties, net		$ 429,042	$ 364,694	$ 1,274,969	$ 929,297
Management and other fee income		4,361	3,913	12,881	10,634
Total revenues		433,403	368,607	1,287,850	939,931
Operating expenses
Rent		(3,703)	(3,678)	(11,854)	(9,706)
Real estate taxes		(55,578)	(50,594)	(165,967)	(129,124)
Operating and maintenance		(71,457)	(52,063)	(210,466)	(145,480)
General and administrative		(29,677)	(25,904)	(87,606)	(75,136)
Impairment charges		(7,067)	(850)	(21,758)	(954)
Merger charges		0	(46,998)	0	(50,191)
Depreciation and amortization		(125,419)	(114,238)	(380,324)	(261,687)
Total operating expenses		(292,901)	(294,325)	(877,975)	(672,278)
Gain on sale of properties		3,821	1,975	10,958	30,841
Operating income		144,323	76,257	420,833	298,494
Other income/(expense)
Other income, net		6,226	6,696	18,851	11,834
(Loss)/gain on marketable securities, net		(75,491)	457,127	(215,194)	542,510
Interest expense		(52,391)	(52,126)	(165,876)	(146,654)
Early extinguishment of debt charges		(428)	0	(7,658)	0
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net		22,239	487,954	50,956	706,184
Benefit/(provision) for income taxes, net		1,039	(314)	1,096	(2,897)
Net income		56,371	509,204	161,603	767,747
Net loss/(income) attributable to noncontrolling interests		1,583	(1,465)	14,152	(5,369)
Net income attributable to the Company		57,954	507,739	175,755	762,378
Preferred dividends, net		(6,307)	(6,354)	(18,911)	(19,062)
Net income available to the Company's common shareholders		$ 51,647	$ 501,385	$ 156,844	$ 743,316
Per common share:
-Basic (in dollars per share)		$ 0.08	$ 0.91	$ 0.25	$ 1.57
-Diluted (in dollars per share)		$ 0.08	$ 0.91	$ 0.25	$ 1.56
Weighted average shares:
-Basic (in shares)		615,832	546,842	615,417	469,885
-Diluted (in shares)	[1]	618,018	548,766	617,856	474,452
Joint Ventures [Member]
Other income/(expense)
Equity in income, net		$ 26,360	$ 20,025	$ 94,060	$ 54,095
Other Real Estate Investments [Member]
Other income/(expense)
Equity in income, net		$ 6,733	$ 1,539	$ 15,491	$ 10,365

[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 and 0.5 million stock options that were not dilutive as of September 30, 2022 and 2021, respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income	$ 56,371	$ 509,204	$ 161,603	$ 767,747
Other comprehensive income:
Change in unrealized gains related to defined benefit plan	212	0	4,472	0
Other comprehensive income	212	0	4,472	0
Comprehensive income	56,583	509,204	166,075	767,747
Comprehensive loss/(income) attributable to noncontrolling interests	1,583	(1,465)	14,152	(5,369)
Comprehensive income attributable to the Company	$ 58,166	$ 507,739	$ 180,227	$ 762,378

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2020	$ (162,812)	$ 0	$ 20	$ 4,325	$ 5,766,511	$ 5,608,044	$ 62,210	$ 5,670,254
Balance (in shares) at Dec. 31, 2020			20	432,519
Net income (loss)	762,378	0	$ 0	$ 0	0	762,378	5,369	767,747
Redeemable noncontrolling interests income	0	0	0	0	0	0	(529)	(529)
Dividends declared to common and preferred shares	(270,957)	0	0	0	0	(270,957)	0	(270,957)
Distributions to noncontrolling interests	0	0	0	0	0	0	(1,879)	(1,879)
Issuance of common stock, net of issue costs	0	0	$ 0	$ 49	76,879	76,928	0	76,928
Issuance of common stock, net of issue costs (in shares)			0	4,958
Issuance of common stock for merger	0	0	$ 0	$ 1,799	3,736,936	3,738,735	0	3,738,735
Issuance of common stock for merger (in shares)			0	179,920
Surrender of common stock for taxes	0	0	$ 0	$ (10)	(20,816)	(20,826)	0	(20,826)
Surrender of common stock for taxes (in shares)			0	(1,115)
Exercise of common stock options	0	0	$ 0	$ 1	2,503	2,504	0	2,504
Exercise of common stock options (in shares)			0	132
Amortization of equity awards	0	0	$ 0	$ 0	17,504	17,504	0	17,504
Noncontrolling interests assumed from the merger	0	0	0	0	0	0	179,037	179,037
Redemption/conversion of noncontrolling interests	0	0	$ 0	$ 0	0	0	(3,094)	(3,094)
Redemption/conversion of noncontrolling interests (in shares)			0	0
Balance at Sep. 30, 2021	328,609	0	$ 20	$ 6,164	9,579,517	9,914,310	241,114	10,155,424
Balance (in shares) at Sep. 30, 2021			20	616,414
Balance at Jun. 30, 2021	(68,265)	0	$ 20	$ 4,335	5,771,179	5,707,269	64,946	5,772,215
Balance (in shares) at Jun. 30, 2021			20	433,517
Net income (loss)	507,739	0	$ 0	$ 0	0	507,739	1,465	509,204
Redeemable noncontrolling interests income	0	0	0	0	0	0	(353)	(353)
Dividends declared to common and preferred shares	(110,865)	0	0	0	0	(110,865)	0	(110,865)
Distributions to noncontrolling interests	0	0	0	0	0	0	(887)	(887)
Issuance of common stock, net of issue costs	0	0	$ 0	$ 35	76,893	76,928	0	76,928
Issuance of common stock, net of issue costs (in shares)			0	3,516
Issuance of common stock for merger	0	0	$ 0	$ 1,799	3,736,936	3,738,735	0	3,738,735
Issuance of common stock for merger (in shares)			0	179,920
Surrender of common stock for taxes	0	0	$ 0	$ (5)	(11,575)	(11,580)	0	(11,580)
Surrender of common stock for taxes (in shares)			0	(567)
Exercise of common stock options	0	0	$ 0	$ 0	534	534	0	534
Exercise of common stock options (in shares)			0	28
Amortization of equity awards	0	0	$ 0	$ 0	5,550	5,550	0	5,550
Noncontrolling interests assumed from the merger	0	0	0	0	0	0	179,037	179,037
Redemption/conversion of noncontrolling interests	0	0	$ 0	$ 0	0	0	(3,094)	(3,094)
Redemption/conversion of noncontrolling interests (in shares)			0	0
Balance at Sep. 30, 2021	328,609	0	$ 20	$ 6,164	9,579,517	9,914,310	241,114	10,155,424
Balance (in shares) at Sep. 30, 2021			20	616,414
Balance at Dec. 31, 2021	299,115	2,216	$ 20	$ 6,167	9,591,871	9,899,389	210,793	10,110,182
Balance (in shares) at Dec. 31, 2021			20	616,659
Net income (loss)	175,755	0	$ 0	$ 0	0	175,755	(14,152)	161,603
Redeemable noncontrolling interests income	0	0	0	0	0	0	(726)	(726)
Dividends declared to common and preferred shares	(396,144)	0	0	0	0	(396,144)	0	(396,144)
Distributions to noncontrolling interests	0	0	0	0	0	0	(58,183)	(58,183)
Issuance of common stock, net of issue costs	0	0	$ 0	$ 22	11,259	11,281	0	11,281
Issuance of common stock, net of issue costs (in shares)			0	2,162
Exercise of common stock options	0	0	$ 0	$ 1	3,644	3,645	0	3,645
Exercise of common stock options (in shares)			0	178
Amortization of equity awards	0	0	$ 0	$ 0	20,170	20,170	0	20,170
Redemption/conversion of noncontrolling interests	0	0	$ 0	$ 1	1,597	1,598	(1,839)	(241)
Redemption/conversion of noncontrolling interests (in shares)			0	73
Change in unrealized gains related to defined benefit plan	0	4,472	$ 0	$ 0	0	4,472	0	4,472
Surrender of common stock	0	0	$ 0	$ (6)	(13,654)	(13,660)	0	(13,660)
Surrender of common stock (in shares)			0	(609)
Contributions from noncontrolling interests	0	0	$ 0	$ 0	0	0	891	891
Repurchase of preferred stock	64		$ 1	$ 0	3,505	3,442	0	3,442
Repurchase of preferred stock (in shares)			(1)	0
Balance at Sep. 30, 2022	78,790	6,688	$ 19	$ 6,185	9,611,382	9,703,064	136,784	9,839,848
Balance (in shares) at Sep. 30, 2022			19	618,463
Balance at Jun. 30, 2022	163,210	6,476	$ 19	$ 6,185	9,605,163	9,781,053	190,684	9,971,737
Balance (in shares) at Jun. 30, 2022			19	618,483
Net income (loss)	57,954	0	$ 0	$ 0	0	57,954	(1,583)	56,371
Redeemable noncontrolling interests income	0	0	0	0	0	0	(192)	(192)
Dividends declared to common and preferred shares	(142,374)	0	0	0	0	(142,374)	0	(142,374)
Distributions to noncontrolling interests	0	0	0	0	0	0	(52,125)	(52,125)
Exercise of common stock options	0	0	$ 0	$ 0	88	88	0	88
Exercise of common stock options (in shares)			0	4
Amortization of equity awards	0	0	$ 0	$ 0	6,261	6,261	0	6,261
Redemption/conversion of noncontrolling interests	0	0	0	0	(15)	(15)	0	(15)
Change in unrealized gains related to defined benefit plan	0	212	0	0	0	212	0	212
Surrender of common stock	0	0	$ 0	$ 0	(115)	(115)	0	(115)
Surrender of common stock (in shares)			0	(24)
Balance at Sep. 30, 2022	$ 78,790	$ 6,688	$ 19	$ 6,185	$ 9,611,382	$ 9,703,064	$ 136,784	$ 9,839,848
Balance (in shares) at Sep. 30, 2022			19	618,463

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flow from operating activities:
Net income	$ 161,603	$ 767,747
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	380,324	261,687
Impairment charges	21,758	954
Early extinguishment of debt charges	7,658	0
Equity award expense	20,185	17,971
Gain on sale of properties	(10,958)	(30,841)
Loss/(gain) on marketable securities, net	215,194	(542,510)
Distributions from joint ventures and other investments	66,875	54,188
Change in accounts and notes receivable, net	(10,950)	(3,644)
Change in accounts payable and accrued expenses	33,534	(55,569)
Change in other operating assets and liabilities, net	(69,916)	11,747
Net cash flow provided by operating activities	705,756	417,270
Cash flow from investing activities:
Acquisition of operating real estate	(161,171)	(102,682)
Improvements to operating real estate	(128,592)	(112,792)
Acquisition of Weingarten Realty Investors, net of cash acquired of $56,465	0	(263,973)
Investment in marketable securities	(3,348)	0
Proceeds from sale of marketable securities	800	339
Investment in cost method investment	(4,497)	0
Investments in and advances to real estate joint ventures	(80,496)	(7,546)
Reimbursements of investments in and advances to real estate joint ventures	31,540	9,113
Investments in and advances to other investments	(12,669)	(59,504)
Reimbursements of investments in and advances to other investments	29,444	48,420
Investment in other financing receivable	(75,063)	(26,897)
Collection of mortgage loans receivable	38,232	3,742
Proceeds from sale of properties	146,218	154,017
Net cash flow used for investing activities	(219,602)	(357,763)
Cash flow from financing activities:
Principal payments on debt, excluding normal amortization of rental property debt	(157,928)	(136,222)
Principal payments on rental property debt	(7,244)	(7,481)
Proceeds from mortgage loan financings	19,000	0
Financing origination costs	(19,273)	(7,017)
Payment of early extinguishment of debt charges	(6,955)	0
Contributions from noncontrolling interests	891	0
Redemption/distribution of noncontrolling interests	(59,361)	(7,558)
Dividends paid	(396,182)	(270,956)
Proceeds from issuance of stock, net	14,926	79,433
Repurchase of preferred stock	(3,441)	0
Shares repurchased for employee tax withholding on equity awards	(13,549)	(20,787)
Change in tenants' security deposits	2,890	1,364
Net cash flow (used for)/provided by financing activities	(697,286)	130,776
Net change in cash, cash equivalents and restricted cash	(211,132)	190,283
Cash, cash equivalents and restricted cash, beginning of the period	334,663	293,188
Cash, cash equivalents and restricted cash, end of the period	123,531	483,471
Interest paid during the period, including payment of early extinguishment of debt charges of $6,955 and $0, respectively (net of capitalized interest of $445 and $482, respectively)	186,193	122,297
Revolving Credit Facility [Member]
Cash flow from financing activities:
Proceeds from unsecured debt	128,000	0
Senior Unsecured Notes [Member]
Cash flow from financing activities:
Proceeds from unsecured debt	1,250,000	500,000
Repayments of unsecured notes	(1,449,060)	0
Joint Ventures [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income, net	(94,060)	(54,095)
Other Real Estate Investments [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income, net	$ (15,491)	$ (10,365)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Early extinguishment of debt charges	$ 6,955	$ 0
Cash paid for capitalized interest	$ 445	$ 482

Note 1 - Business and Organizat

Note 1 - Business and Organization	9 Months Ended
Note 1 - Business and Organization	Sep. 30, 2022
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Business and Organization Kimco Realty Corporation, a Maryland corporation, is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The terms “Kimco,” the “Company,” “we,” “our” and “us” each refers to Kimco Realty Corporation and our subsidiaries, unless the context indicates otherwise. The Company, its affiliates and related real estate joint ventures are engaged principally in the ownership, management, development and operation of open-air shopping centers, including mixed-use assets which are anchored generally by grocery stores, off-price retailers, home improvement centers, discounters and/or service-oriented tenants. Additionally, the Company provides complementary services that capitalize on the Company’s established retail real estate expertise. 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 90 not not 100 may not not not Weingarten Merger On August 3, 2021, April 15, 2021. See Footnote 3 Economic Conditions and the COVID- 19 The economy continues to face several issues including the lack of qualified employees, inflation risk, supply chain issues and new coronavirus disease 2019 19” may 19

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
Note 2 - Summary of Significant Accounting Policies	Sep. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Principles of Consolidation The accompanying Condensed Consolidated Financial Statements include the accounts of the Company. The Company’s subsidiaries include subsidiaries which are wholly owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) 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 presented 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 10 10 September 30, 2022 10 not Subsequent Events The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its Condensed Consolidated Financial Statements (see Footnote 22 New Accounting Pronouncements The following table represents an Accounting Standards Update (“ASU”) to the FASB’s ASCs that, as of September 30, 2022, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2022 03, 820 This ASU clarifies the guidance in Topic 820, 820. January 1, 2024; The Company is assessing the impact this ASU will have on the Company’s financial position and/or results of operations. ASU 2021 08, 805 The amendments in this update require acquiring entities to apply Topic 606 805. January 1, 2023; The adoption of this ASU is not The following ASU to the FASB’s ASC has been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial statements or other significant matters ASU 2021 05, 842 This ASU amends the lessor lease classification in ASC 842 not not 842 1 January 1, 2022 The adoption of this ASU did not

Note 3 - Weingarten Merger

Note 3 - Weingarten Merger	9 Months Ended
Note 3 - Weingarten Merger	Sep. 30, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	3. Weingarten Merger On August 3, 2021, The following highlights the Company’s significant activity upon completion of the $4.1 billion strategic Merger with Weingarten on August 3, 2021: ● Acquired 149 properties, including 30 held through joint venture programs. ● Assumed senior unsecured notes of $1.5 billion (including $95.6 million in fair market value adjustments) and mortgage debt of $317.7 million (including $11.0 million in fair market value adjustments) encumbering 16 operating properties. ● Issued 179.9 million shares of common stock valued at $3.8 billion and paid cash consideration of $0.3 billion. Revenues from rental properties, net and Net income available to the Company's common shareholders in the Company's Condensed Consolidated Statements of Income includes revenues of $73.5 million and net income of $9.9 million (excluding $50.2 nine September 30, 2021. Pro forma Information The pro forma financial information set forth below is based upon the Company’s historical Condensed Consolidated Statements of Income for the three nine September 30, 2021, January 1, 2020. may not Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Revenues from rental properties, net $ 401.4 $ 1,186.4 Net income (1) $ 561.4 $ 854.3 Net income available to the Company’s common shareholders (1) $ 553.4 $ 828.3 Net income available to the Company’s common shareholders per common share: Basic (1) $ 0.91 $ 1.35 Diluted (1) $ 0.90 $ 1.34 ( 1 The pro forma earnings for the three nine September 30, 2021

Note 4 - Real Estate

Note 4 - Real Estate	9 Months Ended
Note 4 - Real Estate	Sep. 30, 2022
Notes to Financial Statements
Real Estate Disclosure [Text Block]	4. Real Estate Acquisitions During the nine September 30, 2022, Property Name Location Month Acquired Purchase Price GLA* Ranchos San Marcos Parcel San Marcos, CA Jan-22 $ 2,407 6 Columbia Crossing Parcel Columbia, MD Feb-22 16,239 60 Oak Forest Parcel Houston, TX Jun-22 3,846 4 Devon Village (1) Devon, PA Jun-22 733 - Fishtown Crossing Philadelphia, PA Jul-22 39,291 133 Carman’s Plaza Massapequa, NY Jul-22 51,423 195 Pike Center (1) Rockville, MD Jul-22 21,850 - $ 135,789 398 * Gross leasable area ("GLA") ( 1 Land parcel The purchase price for these acquisitions was allocated to real estate and related intangible assets and liabilities acquired, as applicable, in accordance with our accounting policies for asset acquisitions. The purchase price allocation for properties acquired during the nine September 30, 2022, Allocation as of September 30, 2022 Weighted Average Amortization Period (in Years) Land $ 64,480 n/a Building 58,800 50.0 Building improvements 4,480 45.0 Tenant improvements 4,963 6.9 Solar panels 2,308 20.0 In-place leases 7,249 6.4 Above-market leases 199 3.8 Below-market leases (6,690 ) 14.2 Net assets acquired $ 135,789 During the nine September 30, 2021, Purchase Price Property Name Location Month Acquired Cash Other Consideration* Total GLA Distribution Center #1 Lancaster, CA Jan-21 $ 58,723 $ 11,277 $ 70,000 927 Distribution Center #2 Woodland, CA Jan-21 27,589 6,411 34,000 508 $ 86,312 $ 17,688 $ 104,000 1,435 * Consists of the fair value of the assets acquired which exceeded the purchase price upon closing. The transaction was a sale-leaseback with the seller which resulted in the recognition of a prepayment of rent of $17.7 million in accordance with ASC 842, Leases The two distribution centers were purchased through a TRS of the Company during January 2021, June 2021 Dispositions two Included in the Company’s Condensed Consolidated Statements of Income is $3.2 million in total revenues from the date of acquisition through September 30, 2022 2021, Dispositions The table below summarizes the Company’s disposition activity relating to consolidated operating properties and parcels for the nine September 30, 2022 2021 Nine Months Ended September 30, 2022 2021 Aggregate sales price (1) $ 172.2 $ 156.6 Gain on sale of properties (2) $ 11.0 $ 30.8 Number of properties sold 8 5 Number of parcels sold 10 9 ( 1 Includes $19.7 million of Internal Revenue Code 26 §1031 nine September 30, 2022. ( 2 Before noncontrolling interests of $3.0 million and taxes of $2.2 million, after utilization of net operating loss carryforwards, for the nine September 30, 2021. Impairments During the nine September 30, 2022,

Note 5 - Investments in and Adv

Note 5 - Investments in and Advances to Real Estate Joint Ventures	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Investments and Advances In Real Estate Joint Ventures [Text Block]	5. Investments in and Advances to Real Estate Joint Ventures The Company has 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 Company manages certain of these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at September 30, 2022 December 31, 2021 ( Noncontrolling Ownership Interest The Company s Investment Joint Venture As of September 30, 2022 September 30, 2022 December 31, 2021 Prudential Investment Program 15.0% $ 153.8 $ 163.0 Kimco Income Opportunity Portfolio (“KIR”) (1) 52.1% 281.7 186.0 Canada Pension Plan Investment Board (“CPP”) 55.0% 185.7 165.1 Other Institutional Joint Ventures Various 260.4 281.8 Other Joint Venture Programs Various 210.8 211.0 Total* $ 1,092.4 $ 1,006.9 * Representing 112 property interests and 22.6 million square feet of GLA, as of September 30, 2022, December 31, 2021. ( 1 During the nine September 30, 2022, no The table below presents the Company’s share of net income for the above investments which is included in Equity in income of joint ventures, net on the Company’s Condensed Consolidated Statements of Income for the three nine September 30, 2022 2021 Three Months Ended September 30, Nine Months Ended September 30, Joint Venture 2022 2021 2022 2021 Prudential Investment Program (1) $ 2.6 $ 1.9 $ 7.4 $ 7.2 KIR 17.5 9.4 62.9 27.2 CPP 2.5 2.6 8.2 6.7 Other Institutional Joint Ventures 0.8 0.9 6.3 0.9 Other Joint Venture Programs 3.0 5.2 9.3 12.1 Total $ 26.4 $ 20.0 $ 94.1 $ 54.1 ( 1 During the nine September 30, 2022, During the nine September 30, 2022, nine September 30, 2022. During the nine September 30, 2021, nine September 30, 2021. 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, 2022 December 31, 2021 ( As of September 30, 2022 As of 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 $ 381.0 4.28 % 36.1 $ 426.9 2.02 % 45.6 KIR 324.9 4.21 % 46.4 492.6 2.55 % 27.9 CPP 83.4 4.89 % 46.1 84.2 1.85 % 55.0 Other Institutional Joint Ventures 233.3 4.30 % 50.7 232.9 1.65 % 59.7 Other Joint Venture Programs 391.9 3.99 % 74.6 402.1 3.58 % 83.0 Total $ 1,414.5 $ 1,638.7 * Includes extension options

Note 6 - Other Investments

Note 6 - Other Investments	9 Months Ended
Note 6 - Other Investments	Sep. 30, 2022
Notes to Financial Statements
Other Real Estate Investments and Other Assets [Text Block]	6. Other Investments The Company has provided capital to owners and developers of real estate properties and loans through its Preferred Equity Program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of September 30, 2022, nine September 30, 2022 2021,

Note 7 - Marketable Securities

Note 7 - Marketable Securities	9 Months Ended
Note 7 - Marketable Securities	Sep. 30, 2022
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	7. Marketable Securities The amortized cost and unrealized gains, net of marketable securities as of September 30, 2022 December 31, 2021, As of September 30, 2022 As of December 31, 2021 Marketable securities: Amortized cost $ 116,741 $ 114,159 Unrealized gains, net 882,353 1,097,580 Total fair value $ 999,094 $ 1,211,739 During the three September 30, 2022 2021, nine September 30, 2022 2021,

Note 8 - Accounts and Notes Rec

Note 8 - Accounts and Notes Receivable	9 Months Ended
Note 8 - Accounts and Notes Receivable	Sep. 30, 2022
Notes to Financial Statements
Financing Receivables [Text Block]	8. Accounts and Notes Receivable The components of accounts and notes receivable, net of potentially uncollectible amounts as of September 30, 2022 December 31, 2021, As of September 30, 2022 As of December 31, 2021 Billed tenant receivables $ 13,430 $ 20,970 Unbilled common area maintenance, insurance and tax reimbursements 53,305 55,283 Deferred rent receivables 3,145 5,029 Other receivables 18,167 15,725 Straight-line rent receivables 181,840 157,670 Total accounts and notes receivable, net $ 269,887 $ 254,677

Note 9 - Leases

Note 9 - Leases	9 Months Ended
Note 9 - Leases	Sep. 30, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	9. Leases Lessor Leases The Company’s primary source of revenues is derived from lease agreements, which includes rental income and expense reimbursement. The Company’s lease income is comprised of minimum base rent, expense reimbursements, percentage rent, lease termination fee income, ancillary income, amortization of above-market and below-market rent adjustments and straight-line rent adjustments. The disaggregation of the Company’s lease income, which is included in Revenues from rental properties, net on the Company’s Condensed Consolidated Statements of Income, as either fixed or variable lease income based on the criteria specified in ASC 842, three nine September 30, 2022 2021, Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease income: Fixed lease income (1) $ 340,990 $ 283,911 $ 1,009,358 $ 720,174 Variable lease income (2) 83,689 65,985 248,650 181,980 Above-market and below-market leases amortization, net 3,107 2,982 10,088 11,915 Adjustments for potentially uncollectible revenues and disputed amounts (3) 1,256 11,816 6,873 15,228 Total lease income $ 429,042 $ 364,694 $ 1,274,969 $ 929,297 ( 1 Includes minimum base rents, expense reimbursements, ancillary income and straight-line rent adjustments. ( 2 Includes minimum base rents, expense reimbursements, percentage rent, lease termination fee income and ancillary income. ( 3 The amounts represent adjustments associated with potentially uncollectible revenues and disputed amounts primarily due to the COVID- 19 Lessee Leases The Company currently leases real estate space under non-cancelable operating lease agreements for ground leases and administrative office leases. The Company’s operating leases have remaining lease terms ranging from one The weighted-average remaining non-cancelable lease term and weighted-average discount rates for the Company’s operating and finance leases as of September 30, 2022 Operating Leases Finance Leases Weighted-average remaining lease term (in years) 24.7 1.3 Weighted-average discount rate 6.62 % 4.44 % The components of the Company’s lease expense, which are included in interest expense, rent expense and general and administrative expense on the Company’s Condensed Consolidated Statements of Income for the three nine September 30, 2022 2021, Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease cost: Finance lease cost $ 398 $ 263 $ 974 $ 263 Operating lease cost 3,222 2,938 9,473 8,562 Variable lease cost 825 1,188 3,421 2,520 Total lease cost $ 4,445 $ 4,389 $ 13,868 $ 11,345

Note 10 - Other Assets

Note 10 - Other Assets	9 Months Ended
Note 10 - Other Assets	Sep. 30, 2022
Notes to Financial Statements
Other Assets Disclosure [Text Block]	10. Other Assets Assets Held-For-Sale At September 30, 2022, Mortgages and Other Financing Receivables During the nine September 30, 2022, Date Issued Face Amount Interest Rate Maturity Date Jul-22 $ 22.0 10.00 % Feb-24 Jun-22 $ 16.5 9.00 % Jun-25 Jun-22 $ 19.6 10.00 % Jun-29 May-22 $ 14.0 8.00 % May-29 Jan-22 $ 3.0 8.00 % Jul-22 During the nine September 30, 2022, July 2022 September 2027.

Note 11 - Notes and Mortgages P

Note 11 - Notes and Mortgages Payable	9 Months Ended
Note 11 - Notes and Mortgages Payable	Sep. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	11. Notes and Mortgages Payable Notes Payable The Company has a $2.0 billion unsecured revolving credit facility (the “Credit Facility”) with a group of banks which is scheduled to expire in March 2024, two six March 2025. July 2022, one five two September 30, 2022), September 30, 2022, During the nine September 30, 2022, Date Issued Amount Issued Interest Rate Maturity Date Aug-22 $ 650.0 4.600 % Feb-33 Feb-22 $ 600.0 3.200 % Apr-32 During the nine September 30, 2022, Date Paid Amount Repaid Interest Rate Maturity Date Sep-22 (1) $ 299.7 3.500 % Apr-23 Sep-22 (1) (2) $ 350.0 3.125 % Jun-23 Sep-22 (1) (2) $ 299.4 3.375 % Oct-22 Mar-22 (3) $ 500.0 3.400 % Nov-22 ( 1 There was no ( 2 Includes partial repayments during May June 2022. ( 3 The Company incurred a prepayment charge of $6.5 million and $0.7 million in write-off of deferred financing costs resulting from this early repayment, which are included in Early extinguishment of debt charges on the Company's Condensed Consolidated Statements of Income. Mortgages Payable During the nine September 30, 2022, 11

Note 12 - Noncontrolling Intere

Note 12 - Noncontrolling Interests	9 Months Ended
Note 12 - Noncontrolling Interests	Sep. 30, 2022
Notes to Financial Statements
Noncontrolling Interest Disclosure [Text Block]	12. Noncontrolling Interests Noncontrolling interests represent the portion of equity that the Company does not During the nine September 30, 2022, Included within noncontrolling interests are units that were determined to be contingently redeemable that are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholders' equity on the Company’s Condensed Consolidated Balance Sheets. The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the nine September 30, 2022 2021 Nine Months Ended September 30, 2022 2021 Balance at January 1, $ 13,480 $ 15,784 Fair value allocation to partnership interest - 2,068 Net income 725 529 Distributions (726 ) (2,597 ) Redemption/conversion of noncontrolling interests (209 ) - Balance at September 30, $ 13,270 $ 15,784

Note 13 - Variable Interest Ent

Note 13 - Variable Interest Entities ("VIE")	9 Months Ended
Note 13 - Variable Interest Entities ("VIE")	Sep. 30, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	13. Variable Interest Entities ( “ VIE ” ) Included within the Company’s consolidated operating properties at September 30, 2022 December 31, 2021 not not September 30, 2022, December 31, 2021, The majority of the operations of these VIEs are funded with cash flows generated from the properties. The Company has not not may All liabilities of these consolidated VIEs are non-recourse to the Company (“VIE Liabilities”). The assets of the unencumbered VIEs are not third As of September 30, 2022 As of December 31, 2021 Number of unencumbered VIEs 30 30 Number of encumbered VIEs 2 4 Total number of consolidated VIEs 32 34 Restricted Assets: Real estate, net $ 81.5 $ 222.9 Cash and cash equivalents 4.9 2.0 Accounts and notes receivable, net 1.1 2.0 Other assets 1.4 1.0 Total Restricted Assets $ 88.9 $ 227.9 VIE Liabilities: Mortgages payable, net $ 31.1 $ 78.9 Accounts payable and accrued expenses 12.3 11.8 Operating lease liabilities 5.3 6.7 Other liabilities 51.6 56.5 Total VIE Liabilities $ 100.3 $ 153.9

Note 14 - Fair Value Measuremen

Note 14 - Fair Value Measurements	9 Months Ended
Note 14 - Fair Value Measurements	Sep. 30, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	14. 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 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 2 3 The following are financial instruments for which the Company’s estimated fair value differs from the carrying value (in thousands): September 30, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Notes payable, net (1) (3) $ 6,909,382 $ 5,869,420 $ 7,027,050 $ 7,330,723 Mortgages payable, net (2) (3) $ 300,739 $ 264,082 $ 448,652 $ 449,758 ( 1 The Company determined that the valuation of its senior unsecured notes were classified within Level 2 3 2, September 30, 2022 December 31, 2021, 3, September 30, 2022, ( 2 The Company determined that its valuation of its mortgages payable were classified within Level 3 ( 3 The Company determined the estimated fair value of the Credit Facility and mortgages payable using a discounted cash flow model using a rate that reflects the average yield of similar market participants. 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 The table below presents the Company’s financial assets measured at fair value on a recurring basis at September 30, 2022 December 31, 2021, Balance at September 30, 2022 Level 1 Level 2 Level 3 Marketable equity securities $ 999,094 $ 999,094 $ - $ - Balance at December 31, 2021 Level 1 Level 2 Level 3 Marketable equity securities $ 1,211,739 $ 1,211,739 $ - $ - The table below presents assets measured at fair value on a non-recurring basis at December 31, 2021 ( Balance at December 31, 2021 Level 1 Level 2 Level 3 Other investments $ 9,834 $ - $ - $ 9,834 During the nine September 30, 2022, third not third 3

Note 15 - Incentive Plans

Note 15 - Incentive Plans	9 Months Ended
Note 15 - Incentive Plans	Sep. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	15. Incentive Plans In May 2020, 2020 “2020 2010 2020 March 2020. 2020 September 30, 2022, 2020 The Company accounts for equity awards in accordance with FASB’s Compensation – Stock Compensation guidance, which requires that all share-based payments to employees, including grants of employee stock options, restricted stock and performance shares, be recognized in the Condensed Consolidated Statements of Income over the service period based on their fair values. Fair value of performance awards is determined using the Monte Carlo method which is intended to estimate the fair value of the awards at the grant date. Fair value of restricted shares is calculated based on the price on the date of grant. The Company recognized expenses associated with its equity awards of $20.2 million and $18.0 million for the nine September 30, 2022 2021, September 30, 2022,

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity	9 Months Ended
Note 16 - Stockholders' Equity	Sep. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	16. Stockholders ’ Equity Preferred Stock The Company’s Board of Director’s authorized the repurchase of up to 900,000 depositary shares of Class L preferred stock and 1,058,000 depositary shares of Class M preferred stock representing up to 1,958 shares of the Company’s preferred stock, par value $1.00 per share, through December 31, 2022. nine September 30, 2022, Class of Preferred Stock Depositary Shares Repurchased Purchase Price (in millions) Class L 54,508 $ 1.3 Class M 90,760 $ 2.1 The Company’s outstanding Preferred Stock is detailed below: As of September 30, 2022 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 8,946 $ 223,637 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,489 262,231 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,435 $ 485,868 As of December 31, 2021 Class of Preferred Stock Shares Authorized Share Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500 Common Stock The Company has a common share repurchase program, which is scheduled to expire February 29, 2024. may not nine September 30, 2022. September 30, 2022, During August 2021, may may 415 1933, may one nine September 30, 2022, September 30, 2022, Dividends Declared The following table provides a summary of the dividends declared per share: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Common Shares $ 0.22000 $ 0.17000 $ 0.61000 $ 0.51000 Class L Depositary Shares $ 0.32031 $ 0.32031 $ 0.96093 $ 0.96093 Class M Depositary Shares $ 0.32813 $ 0.32813 $ 0.98439 $ 0.98439

Note 17 - Supplemental Schedule

Note 17 - Supplemental Schedule of Non-cash Investing / Financing Activities	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	17. 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 September 30, 2022 2021 Nine Months Ended September 30, 2022 2021 Proceeds held in escrow through the sale of real estate interests $ 19,744 $ - Surrender of common stock $ 13,660 $ 20,826 Declaration of dividends paid in succeeding period $ 5,326 $ 5,366 Capital expenditures accrual $ 28,219 $ 35,451 Lease liabilities arising from obtaining operating right-of-use assets $ - $ 553 Allocation of fair value to noncontrolling interests $ - $ 2,068 Decrease in redeemable noncontrolling interests from redemption of units for common stock $ 1,613 $ - Purchase price fair value adjustment to prepaid rent $ - $ 15,620 Weingarten Merger: Real estate assets $ - $ 5,624,707 Investments in and advances to real estate joint ventures $ - $ 586,248 Notes payable $ - $ (1,497,632 ) Mortgages payable $ - $ (317,671 ) Below-market leases $ - $ (120,441 ) Noncontrolling interests $ - $ (179,037 ) Other assets and liabilities, net $ - $ (149,813 ) Lease liabilities arising from obtaining operating right-of-use assets $ - $ 32,569 Lease liabilities arising from obtaining financing right-of-use assets $ - $ 23,778 Common stock issued in exchange for Weingarten shares $ - $ (3,738,735 ) The following table provides a reconciliation of cash, cash equivalents and restricted cash recorded on the Company’s Condensed Consolidated Balance Sheets to the Company’s Condensed Consolidated Statements of Cash Flows (in thousands): As of September 30, 2022 As of December 31, 2021 Cash and cash equivalents $ 120,331 $ 325,631 Restricted cash 3,200 9,032 Total cash, cash equivalents and restricted cash $ 123,531 $ 334,663

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	9 Months Ended
Note 18 - Commitments and Contingencies	Sep. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	18. Commitments and Contingencies Letters of Credit The Company has issued letters of credit in connection with the completion and repayment guarantees primarily on certain of the Company’s redevelopment projects and guaranty of payment related to the Company’s insurance program. At September 30, 2022, Funding Commitments The Company has investments with funding commitments of $27.5 million, of which $13.1 million has been funded as of September 30, 2022. Other In connection with the construction of its development and redevelopment projects and related infrastructure, certain public agencies require posting of performance and surety bonds to guarantee that the Company’s obligations are satisfied. These bonds expire upon the completion of the improvements and infrastructure. As of September 30, 2022, In connection with the Merger, the Company now provides a guaranty for the payment of any debt service shortfalls on the Sheridan Redevelopment Agency issued Series A bonds which are tax increment revenue bonds issued in connection with a development project in Sheridan, Colorado. These tax increment revenue bonds have a balance of $49.7 million outstanding at September 30, 2022. may 2040. The Company is subject to various other legal proceedings and claims that arise in the ordinary course of business. Management believes that the final outcome of such matters will not September 30, 2022.

Note 19 - Defined Benefit Plan

Note 19 - Defined Benefit Plan	9 Months Ended
Note 19 - Defined Benefit Plan	Sep. 30, 2022
Notes to Financial Statements
Defined Benefit Plan [Text Block]	19. Defined Benefit Plan As part of the Merger, the Company assumed sponsorship of Weingarten’s noncontributory qualified cash balance retirement plan (“the Benefit Plan”). At the date of the Merger, the Benefit Plan was frozen and as a result no not December 31, 2021. September 30, 2022. The following table summarizes the measurement changes in the Benefit Plan’s projected benefit obligation, plan assets and funded status, as well as the components of net periodic benefit costs, including key assumptions, from January 1, 2022 September 30, 2022 ( 2022 Change in Projected Benefit Obligation: Benefit obligation at January 1 $ 36,995 Interest cost 435 Actuarial gain (6,028 ) Benefit payments (1,093 ) Benefit obligation at September 30, 2022 $ 30,309 Change in Plan Assets: Fair value of plan assets at January 1 $ 43,653 Actual return on plan assets (1,343 ) Benefit payments (1,093 ) Fair value of plan assets at September 30 $ 41,217 Funded status at September 30 (included in Other assets) $ 10,908 Accumulated benefit obligation $ 30,309 Net gain recognized in other comprehensive income $ 6,688 The weighted-average assumptions used to determine the benefit obligation as of September 30, 2022 Discount rate 4.23 % Interest credit rate for cash balance plan 4.50 % The selection of the discount rate is made after comparison to yields based on cash investments. The long-term rate of return is a composite rate for the Benefit Plan. It is derived as the sum of the percentages invested in each principal asset class included in the portfolio multiplied by their respective expected rates of return. The Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the Benefit Plan portfolio. This analysis resulted in the selection of 1.00% as the long-term rate of return assumption for the nine September 30, 2022. No contributions have been made and none 2022.

Note 20 - Accumulated Other Com

Note 20 - Accumulated Other Comprehensive Income ("AOCI")	9 Months Ended
Note 20 - Accumulated Other Comprehensive Income ("AOCI")	Sep. 30, 2022
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	20. Accumulated Other Comprehensive Income ( “ AOCI ” ) The following table displays the change in the components of AOCI for the nine September 30, 2022: Unrealized Gains Related to Defined Benefit Plan Balance as of January 1, 2022 $ 2,216 Other comprehensive income before reclassifications 4,472 Amounts reclassified from AOCI - Net current-period other comprehensive income 4,472 Balance as of September 30, 2022 $ 6,688

Note 21 - Earnings Per Share

Note 21 - Earnings Per Share	9 Months Ended
Note 21 - Earnings Per Share	Sep. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	21. 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, 2022 2021 2022 2021 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 51,647 $ 501,385 $ 156,844 $ 743,316 Earnings attributable to participating securities (582 ) (4,078 ) (1,581 ) (5,749 ) Net income available to the Company’s common shareholders for basic earnings per share 51,065 497,307 155,263 737,567 Distributions on convertible units - 42 - 3,009 Net income available to the Company’s common shareholders for diluted earnings per share $ 51,065 $ 497,349 $ 155,263 $ 740,576 Weighted average common shares outstanding – basic 615,832 546,842 615,417 469,885 Effect of dilutive securities (1): Equity awards 2,133 1,718 2,392 1,837 Assumed conversion of convertible units 53 206 47 2,730 Weighted average common shares outstanding – diluted 618,018 548,766 617,856 474,452 Net income available to the Company's common shareholders: Basic earnings per share $ 0.08 $ 0.91 $ 0.25 $ 1.57 Diluted earnings per share $ 0.08 $ 0.91 $ 0.25 $ 1.56 ( 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 not September 30, 2022 2021, 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

Note 22 - Subsequent Event

Note 22 - Subsequent Event	9 Months Ended
Note 22 - Subsequent Event	Sep. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	22. Subsequent Event As of September 30, 2022, October 14, 2022, November 7, 2022 October 24, 2022. October 2022, May 2023. may

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying Condensed Consolidated Financial Statements include the accounts of the Company. The Company’s subsidiaries include subsidiaries which are wholly owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) 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 presented 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 10 10 September 30, 2022 10 not
Subsequent Events, Policy [Policy Text Block]	Subsequent Events The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its Condensed Consolidated Financial Statements (see Footnote 22
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements The following table represents an Accounting Standards Update (“ASU”) to the FASB’s ASCs that, as of September 30, 2022, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2022 03, 820 This ASU clarifies the guidance in Topic 820, 820. January 1, 2024; The Company is assessing the impact this ASU will have on the Company’s financial position and/or results of operations. ASU 2021 08, 805 The amendments in this update require acquiring entities to apply Topic 606 805. January 1, 2023; The adoption of this ASU is not The following ASU to the FASB’s ASC has been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial statements or other significant matters ASU 2021 05, 842 This ASU amends the lessor lease classification in ASC 842 not not 842 1 January 1, 2022 The adoption of this ASU did not

Note 3 - Weingarten Merger (Tab

Note 3 - Weingarten Merger (Tables)	9 Months Ended
Note 3 - Weingarten Merger (Tables)	Sep. 30, 2022
Notes Tables
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Revenues from rental properties, net $ 401.4 $ 1,186.4 Net income (1) $ 561.4 $ 854.3 Net income available to the Company’s common shareholders (1) $ 553.4 $ 828.3 Net income available to the Company’s common shareholders per common share: Basic (1) $ 0.91 $ 1.35 Diluted (1) $ 0.90 $ 1.34

Note 4 - Real Estate (Tables)

Note 4 - Real Estate (Tables)	9 Months Ended
Note 4 - Real Estate (Tables)	Sep. 30, 2022
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Property Name Location Month Acquired Purchase Price GLA* Ranchos San Marcos Parcel San Marcos, CA Jan-22 $ 2,407 6 Columbia Crossing Parcel Columbia, MD Feb-22 16,239 60 Oak Forest Parcel Houston, TX Jun-22 3,846 4 Devon Village (1) Devon, PA Jun-22 733 - Fishtown Crossing Philadelphia, PA Jul-22 39,291 133 Carman’s Plaza Massapequa, NY Jul-22 51,423 195 Pike Center (1) Rockville, MD Jul-22 21,850 - $ 135,789 398 Purchase Price Property Name Location Month Acquired Cash Other Consideration* Total GLA Distribution Center #1 Lancaster, CA Jan-21 $ 58,723 $ 11,277 $ 70,000 927 Distribution Center #2 Woodland, CA Jan-21 27,589 6,411 34,000 508 $ 86,312 $ 17,688 $ 104,000 1,435
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Allocation as of September 30, 2022 Weighted Average Amortization Period (in Years) Land $ 64,480 n/a Building 58,800 50.0 Building improvements 4,480 45.0 Tenant improvements 4,963 6.9 Solar panels 2,308 20.0 In-place leases 7,249 6.4 Above-market leases 199 3.8 Below-market leases (6,690 ) 14.2 Net assets acquired $ 135,789
Disposal Groups, Including Discontinued Operations [Table Text Block]	Nine Months Ended September 30, 2022 2021 Aggregate sales price (1) $ 172.2 $ 156.6 Gain on sale of properties (2) $ 11.0 $ 30.8 Number of properties sold 8 5 Number of parcels sold 10 9

Note 5 - Investments in and A_2

Note 5 - Investments in and Advances to Real Estate Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Equity Method Investments [Table Text Block]	Noncontrolling Ownership Interest The Company s Investment Joint Venture As of September 30, 2022 September 30, 2022 December 31, 2021 Prudential Investment Program 15.0% $ 153.8 $ 163.0 Kimco Income Opportunity Portfolio (“KIR”) (1) 52.1% 281.7 186.0 Canada Pension Plan Investment Board (“CPP”) 55.0% 185.7 165.1 Other Institutional Joint Ventures Various 260.4 281.8 Other Joint Venture Programs Various 210.8 211.0 Total* $ 1,092.4 $ 1,006.9
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block]	As of September 30, 2022 As of 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 $ 381.0 4.28 % 36.1 $ 426.9 2.02 % 45.6 KIR 324.9 4.21 % 46.4 492.6 2.55 % 27.9 CPP 83.4 4.89 % 46.1 84.2 1.85 % 55.0 Other Institutional Joint Ventures 233.3 4.30 % 50.7 232.9 1.65 % 59.7 Other Joint Venture Programs 391.9 3.99 % 74.6 402.1 3.58 % 83.0 Total $ 1,414.5 $ 1,638.7
Income [Member]
Notes Tables
Equity Method Investments [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, Joint Venture 2022 2021 2022 2021 Prudential Investment Program (1) $ 2.6 $ 1.9 $ 7.4 $ 7.2 KIR 17.5 9.4 62.9 27.2 CPP 2.5 2.6 8.2 6.7 Other Institutional Joint Ventures 0.8 0.9 6.3 0.9 Other Joint Venture Programs 3.0 5.2 9.3 12.1 Total $ 26.4 $ 20.0 $ 94.1 $ 54.1

Note 7 - Marketable Securities

Note 7 - Marketable Securities (Tables)	9 Months Ended
Note 7 - Marketable Securities (Tables)	Sep. 30, 2022
Notes Tables
Marketable Securities [Table Text Block]	As of September 30, 2022 As of December 31, 2021 Marketable securities: Amortized cost $ 116,741 $ 114,159 Unrealized gains, net 882,353 1,097,580 Total fair value $ 999,094 $ 1,211,739

Note 8 - Accounts and Notes R_2

Note 8 - Accounts and Notes Receivable (Tables)	9 Months Ended
Note 8 - Accounts and Notes Receivable (Tables)	Sep. 30, 2022
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	As of September 30, 2022 As of December 31, 2021 Billed tenant receivables $ 13,430 $ 20,970 Unbilled common area maintenance, insurance and tax reimbursements 53,305 55,283 Deferred rent receivables 3,145 5,029 Other receivables 18,167 15,725 Straight-line rent receivables 181,840 157,670 Total accounts and notes receivable, net $ 269,887 $ 254,677

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	9 Months Ended
Note 9 - Leases (Tables)	Sep. 30, 2022
Notes Tables
Operating Lease, Lease Income [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease income: Fixed lease income (1) $ 340,990 $ 283,911 $ 1,009,358 $ 720,174 Variable lease income (2) 83,689 65,985 248,650 181,980 Above-market and below-market leases amortization, net 3,107 2,982 10,088 11,915 Adjustments for potentially uncollectible revenues and disputed amounts (3) 1,256 11,816 6,873 15,228 Total lease income $ 429,042 $ 364,694 $ 1,274,969 $ 929,297
Lease, Cost [Table Text Block]	Operating Leases Finance Leases Weighted-average remaining lease term (in years) 24.7 1.3 Weighted-average discount rate 6.62 % 4.44 % Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease cost: Finance lease cost $ 398 $ 263 $ 974 $ 263 Operating lease cost 3,222 2,938 9,473 8,562 Variable lease cost 825 1,188 3,421 2,520 Total lease cost $ 4,445 $ 4,389 $ 13,868 $ 11,345

Note 10 - Other Assets (Tables)

Note 10 - Other Assets (Tables)	9 Months Ended
Note 10 - Other Assets (Tables)	Sep. 30, 2022
Notes Tables
Schedule of Issued and Acquired Mortgage Loans and Other Financing Receivables [Table Text Block]	Date Issued Face Amount Interest Rate Maturity Date Jul-22 $ 22.0 10.00 % Feb-24 Jun-22 $ 16.5 9.00 % Jun-25 Jun-22 $ 19.6 10.00 % Jun-29 May-22 $ 14.0 8.00 % May-29 Jan-22 $ 3.0 8.00 % Jul-22

Note 11 - Notes and Mortgages_2

Note 11 - Notes and Mortgages Payable (Tables)	9 Months Ended
Note 11 - Notes and Mortgages Payable (Tables)	Sep. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	Date Issued Amount Issued Interest Rate Maturity Date Aug-22 $ 650.0 4.600 % Feb-33 Feb-22 $ 600.0 3.200 % Apr-32 Date Paid Amount Repaid Interest Rate Maturity Date Sep-22 (1) $ 299.7 3.500 % Apr-23 Sep-22 (1) (2) $ 350.0 3.125 % Jun-23 Sep-22 (1) (2) $ 299.4 3.375 % Oct-22 Mar-22 (3) $ 500.0 3.400 % Nov-22

Note 12 - Noncontrolling Inte_2

Note 12 - Noncontrolling Interests (Tables)	9 Months Ended
Note 12 - Noncontrolling Interests (Tables)	Sep. 30, 2022
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Nine Months Ended September 30, 2022 2021 Balance at January 1, $ 13,480 $ 15,784 Fair value allocation to partnership interest - 2,068 Net income 725 529 Distributions (726 ) (2,597 ) Redemption/conversion of noncontrolling interests (209 ) - Balance at September 30, $ 13,270 $ 15,784

Note 13 - Variable Interest E_2

Note 13 - Variable Interest Entities ("VIE") (Tables)	9 Months Ended
Note 13 - Variable Interest Entities ("VIE") (Tables)	Sep. 30, 2022
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	As of September 30, 2022 As of December 31, 2021 Number of unencumbered VIEs 30 30 Number of encumbered VIEs 2 4 Total number of consolidated VIEs 32 34 Restricted Assets: Real estate, net $ 81.5 $ 222.9 Cash and cash equivalents 4.9 2.0 Accounts and notes receivable, net 1.1 2.0 Other assets 1.4 1.0 Total Restricted Assets $ 88.9 $ 227.9 VIE Liabilities: Mortgages payable, net $ 31.1 $ 78.9 Accounts payable and accrued expenses 12.3 11.8 Operating lease liabilities 5.3 6.7 Other liabilities 51.6 56.5 Total VIE Liabilities $ 100.3 $ 153.9

Note 14 - Fair Value Measurem_2

Note 14 - Fair Value Measurements (Tables)	9 Months Ended
Note 14 - Fair Value Measurements (Tables)	Sep. 30, 2022
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	September 30, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Notes payable, net (1) (3) $ 6,909,382 $ 5,869,420 $ 7,027,050 $ 7,330,723 Mortgages payable, net (2) (3) $ 300,739 $ 264,082 $ 448,652 $ 449,758
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Balance at September 30, 2022 Level 1 Level 2 Level 3 Marketable equity securities $ 999,094 $ 999,094 $ - $ - Balance at December 31, 2021 Level 1 Level 2 Level 3 Marketable equity securities $ 1,211,739 $ 1,211,739 $ - $ - Balance at December 31, 2021 Level 1 Level 2 Level 3 Other investments $ 9,834 $ - $ - $ 9,834

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity (Tables)	9 Months Ended
Note 16 - Stockholders' Equity (Tables)	Sep. 30, 2022
Notes Tables
Class of Treasury Stock [Table Text Block]	Class of Preferred Stock Depositary Shares Repurchased Purchase Price (in millions) Class L 54,508 $ 1.3 Class M 90,760 $ 2.1
Schedule of Stockholders Equity [Table Text Block]	As of September 30, 2022 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 8,946 $ 223,637 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,489 262,231 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,435 $ 485,868 As of December 31, 2021 Class of Preferred Stock Shares Authorized Share Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500
Dividends Declared [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Common Shares $ 0.22000 $ 0.17000 $ 0.61000 $ 0.51000 Class L Depositary Shares $ 0.32031 $ 0.32031 $ 0.96093 $ 0.96093 Class M Depositary Shares $ 0.32813 $ 0.32813 $ 0.98439 $ 0.98439

Note 17 - Supplemental Schedu_2

Note 17 - Supplemental Schedule of Non-cash Investing / Financing Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended September 30, 2022 2021 Proceeds held in escrow through the sale of real estate interests $ 19,744 $ - Surrender of common stock $ 13,660 $ 20,826 Declaration of dividends paid in succeeding period $ 5,326 $ 5,366 Capital expenditures accrual $ 28,219 $ 35,451 Lease liabilities arising from obtaining operating right-of-use assets $ - $ 553 Allocation of fair value to noncontrolling interests $ - $ 2,068 Decrease in redeemable noncontrolling interests from redemption of units for common stock $ 1,613 $ - Purchase price fair value adjustment to prepaid rent $ - $ 15,620 Weingarten Merger: Real estate assets $ - $ 5,624,707 Investments in and advances to real estate joint ventures $ - $ 586,248 Notes payable $ - $ (1,497,632 ) Mortgages payable $ - $ (317,671 ) Below-market leases $ - $ (120,441 ) Noncontrolling interests $ - $ (179,037 ) Other assets and liabilities, net $ - $ (149,813 ) Lease liabilities arising from obtaining operating right-of-use assets $ - $ 32,569 Lease liabilities arising from obtaining financing right-of-use assets $ - $ 23,778 Common stock issued in exchange for Weingarten shares $ - $ (3,738,735 )
Reconciliation of Cash, Cash Equivalents and Restricted Cash [Table Text Block]	As of September 30, 2022 As of December 31, 2021 Cash and cash equivalents $ 120,331 $ 325,631 Restricted cash 3,200 9,032 Total cash, cash equivalents and restricted cash $ 123,531 $ 334,663

Note 19 - Defined Benefit Plan

Note 19 - Defined Benefit Plan (Tables)	9 Months Ended
Note 19 - Defined Benefit Plan (Tables)	Sep. 30, 2022
Notes Tables
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]	2022 Change in Projected Benefit Obligation: Benefit obligation at January 1 $ 36,995 Interest cost 435 Actuarial gain (6,028 ) Benefit payments (1,093 ) Benefit obligation at September 30, 2022 $ 30,309 Change in Plan Assets: Fair value of plan assets at January 1 $ 43,653 Actual return on plan assets (1,343 ) Benefit payments (1,093 ) Fair value of plan assets at September 30 $ 41,217 Funded status at September 30 (included in Other assets) $ 10,908 Accumulated benefit obligation $ 30,309 Net gain recognized in other comprehensive income $ 6,688
Defined Benefit Plan, Assumptions [Table Text Block]	Discount rate 4.23 % Interest credit rate for cash balance plan 4.50 %

Note 20 - Accumulated Other C_2

Note 20 - Accumulated Other Comprehensive Income ("AOCI") (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains Related to Defined Benefit Plan Balance as of January 1, 2022 $ 2,216 Other comprehensive income before reclassifications 4,472 Amounts reclassified from AOCI - Net current-period other comprehensive income 4,472 Balance as of September 30, 2022 $ 6,688

Note 21 - Earnings Per Share (T

Note 21 - Earnings Per Share (Tables)	9 Months Ended
Note 21 - Earnings Per Share (Tables)	Sep. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 51,647 $ 501,385 $ 156,844 $ 743,316 Earnings attributable to participating securities (582 ) (4,078 ) (1,581 ) (5,749 ) Net income available to the Company’s common shareholders for basic earnings per share 51,065 497,307 155,263 737,567 Distributions on convertible units - 42 - 3,009 Net income available to the Company’s common shareholders for diluted earnings per share $ 51,065 $ 497,349 $ 155,263 $ 740,576 Weighted average common shares outstanding – basic 615,832 546,842 615,417 469,885 Effect of dilutive securities (1): Equity awards 2,133 1,718 2,392 1,837 Assumed conversion of convertible units 53 206 47 2,730 Weighted average common shares outstanding – diluted 618,018 548,766 617,856 474,452 Net income available to the Company's common shareholders: Basic earnings per share $ 0.08 $ 0.91 $ 0.25 $ 1.57 Diluted earnings per share $ 0.08 $ 0.91 $ 0.25 $ 1.56

Note 1 - Business and Organiz_2

Note 1 - Business and Organization (Details Textual) - Weingarten Realty Investors [Member] - $ / shares	Aug. 03, 2021	Apr. 15, 2021
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Per Each Acquired Company Share (in shares)	1.408	1.408
Business Combination, Consideration Transferred, Cash Per Each Acquired Company Share (in dollars per share)	$ 2.20	$ 2.20

Note 3 - Weingarten Merger (Det

Note 3 - Weingarten Merger (Details Textual) $ / shares in Units, $ in Thousands			3 Months Ended		9 Months Ended
	Aug. 03, 2021 USD ($) $ / shares shares	Apr. 15, 2021 $ / shares shares	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Business Combination, Acquisition Related Costs			$ 0	$ 46,998	$ 0	$ 50,191
Senior Unsecured Notes Assumed in the Weingarten Acquisition [Member]
Liabilities, Fair Value Adjustment	$ 95,600
Mortgage Debt Assumed in the Weingarten Acquisition [Member]
Liabilities, Fair Value Adjustment	317,700
Mortgage Debt Fair Value Adjustment [Member]
Liabilities, Fair Value Adjustment	$ 11,000
Weingarten Realty Investors [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Per Each Acquired Company Share (in shares) \| shares	1.408	1.408
Business Combination, Consideration Transferred, Cash Per Each Acquired Company Share (in dollars per share) \| $ / shares	$ 2.20	$ 2.20
Business Combination, Consideration Transferred, Total	$ 4,100,000
Number of Properties Acquired	149
Properties Acquired, Number Held Through Joint Venture Programs	30
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Notes Payable	$ 1,500,000		$ 0	1,497,632	$ 0	1,497,632
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Debt, Properties	16
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) \| shares	179,900,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 3,800,000
Payments to Acquire Businesses, Including Additional Consideration Relating to Reimbursements	$ 300,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual						73,500
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual						9,900
Business Combination, Acquisition Related Costs				$ 47,000		$ 50,200

Note 3 - Weingarten Merger - Pr

Note 3 - Weingarten Merger - Pro Forma Information (Details) - Weingarten Realty Investors [Member] - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	9 Months Ended
		Sep. 30, 2021	Sep. 30, 2021
Revenues from rental properties, net		$ 401.4	$ 1,186.4
Net income	[1]	561.4	854.3
Net income available to the Company’s common shareholders (1)		$ 553.4	$ 828.3
Net income available to the Company’s common shareholders per common share:
Basic (1) (in dollars per share)	[1]	$ 0.91	$ 1.35
Diluted (1) (in dollars per share)	[1]	$ 0.90	$ 1.34

[1]The pro forma earnings for the three and nine months ended September 30, 2021 were adjusted to exclude $47.0 million and $50.2 million of merger costs, respectively.

Note 4 - Real Estate (Details T

Note 4 - Real Estate (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended
Note 4 - Real Estate (Details Textual) $ in Thousands	Jan. 31, 2021	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Operating Lease, Lease Income, Total		$ 429,042	$ 364,694	$ 429,042	$ 364,694	$ 1,274,969	$ 929,297
Real Estate Revenue From Acquisitions During Period						3,200	3,200
Proceeds from Sale of Real Estate held in Escrow						19,700
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition							3,000
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation							$ 2,200
Property [Member]
Tangible Asset Impairment Charges, Total						21,800
Noncontrolling Interest, Impairment Shares Amount						15,800
Acquired [Member]
Operating Lease, Lease Income, Total						$ 3,200
Disposition Activity Relating to Consolidated Operating Properties and Parcels [Member]
Number of Properties Sold	2					8	5
Rite Aid Distribution Center [Member]
Prepaid Rent		$ 17,700		$ 17,700		$ 17,700

Note 4 - Real Estate - Acquisit

Note 4 - Real Estate - Acquisition of Operating Properties (Details) a in Thousands, $ in Thousands		9 Months Ended
		Sep. 30, 2022 USD ($) a	Sep. 30, 2021 USD ($) ft²
Payments to Acquire Real Estate, Total		$ 135,789	$ 86,312
Gross Leasable Area (Acre)		398	1,435	[1]
Purchase price, cash		$ 135,789	$ 86,312
Purchase price, other consideration	[2]		17,688
Purchase price, total			104,000
Rancho San Marcos Village [Member]
Payments to Acquire Real Estate, Total		$ 2,407
Gross Leasable Area (Acre) \| a		6
Purchase price, cash		$ 2,407
Lancaster, CA [Member] \| Distribution Center 1 [Member]
Payments to Acquire Real Estate, Total			$ 58,723
Gross Leasable Area (Acre) \| ft²	[1]		927
Purchase price, cash			$ 58,723
Purchase price, other consideration	[2]		11,277
Purchase price, total			70,000
Columbia Crossing [Member]
Payments to Acquire Real Estate, Total		$ 16,239
Gross Leasable Area (Acre) \| a		60
Purchase price, cash		$ 16,239
Woodland, CA [Member] \| Distribution Center 2 [Member]
Payments to Acquire Real Estate, Total			$ 27,589
Gross Leasable Area (Acre) \| ft²	[1]		508
Purchase price, cash			$ 27,589
Purchase price, other consideration	[2]		6,411
Purchase price, total			$ 34,000
Oak Forest [Member]
Payments to Acquire Real Estate, Total		$ 3,846
Gross Leasable Area (Acre) \| a		4
Purchase price, cash		$ 3,846
Devon Village [Member]
Payments to Acquire Real Estate, Total		$ 733
Gross Leasable Area (Acre) \| a		0
Purchase price, cash		$ 733
Fishtown Crossing [Member]
Payments to Acquire Real Estate, Total		$ 39,291
Gross Leasable Area (Acre) \| a		133
Purchase price, cash		$ 39,291
Carman's Plaza [Member]
Payments to Acquire Real Estate, Total		$ 51,423
Gross Leasable Area (Acre) \| a		195
Purchase price, cash		$ 51,423
Pike Center [Member]
Payments to Acquire Real Estate, Total		$ 21,850
Gross Leasable Area (Acre) \| a		0
Purchase price, cash		$ 21,850

[1]Gross leasable area ("GLA")[2]Consists of the fair value of the assets acquired which exceeded the purchase price upon closing. The transaction was a sale-leaseback with the seller which resulted in the recognition of a prepayment of rent of $17.7 million in accordance with ASC 842, Leases at closing. The prepayment of rent will amortize over the initial term of the lease through Revenues from rental properties, net on the Company's Condensed Consolidated Statements of Operations. See Footnote 12 of the Company's Condensed Consolidated Financial Statements for additional discussion regarding fair value allocation of partnership interest for noncontrolling interests.

Note 4 - Real Estate - Purchase

Note 4 - Real Estate - Purchase Price Allocation (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Allocation	$ 135,789
Tenant Improvements [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 4,963
Weighted-average amortization period, finite-lived in tangibles (Year)	6 years 10 months 24 days
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ (4,963)
Leases, Acquired-in-Place [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 7,249
Weighted-average amortization period, finite-lived in tangibles (Year)	6 years 4 months 24 days
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ (7,249)
Land [Member]
Allocation, Property Plant and Equipment	64,480
Building [Member]
Allocation, Property Plant and Equipment	$ 58,800
Weighted-average amortization period, Property Plant and Equipment (Year)	50 years
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Property Plant and Equipment Weighted Average Amortization (Year)	50 years
Building Improvements [Member]
Allocation, Property Plant and Equipment	$ 4,480
Weighted-average amortization period, Property Plant and Equipment (Year)	45 years
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Property Plant and Equipment Weighted Average Amortization (Year)	45 years
Solar Panels [Member]
Weighted-average amortization period, Property Plant and Equipment (Year)	20 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 2,308
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Property Plant and Equipment Weighted Average Amortization (Year)	20 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ (2,308)
Above Market Leases [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 199
Weighted-average amortization period, finite-lived in tangibles (Year)	3 years 9 months 18 days
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ (199)
Below-market Leases [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 6,690
Weighted-average amortization period, finite-lived in tangibles (Year)	14 years 2 months 12 days
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ (6,690)

Note 4 - Real Estate - Disposit

Note 4 - Real Estate - Disposition Activity (Details) - Disposition Activity Relating to Consolidated Operating Properties and Parcels [Member] $ in Millions		1 Months Ended	9 Months Ended
		Jan. 31, 2021	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Aggregate sales price (1)	[1]		$ 172.2	$ 156.6
Gain on sale of properties	[2]		$ 11	$ 30.8
Number of properties sold		2	8	5
Number of parcels sold			10	9

[1]Includes $19.7 million of Internal Revenue Code 26 U.S.C. §1031 proceeds held in escrow through sale of real estate interests for the nine months ended September 30, 2022.[2]Before noncontrolling interests of $3.0 million and taxes of $2.2 million, after utilization of net operating loss carryforwards, for the nine months ended September 30, 2021.

Note 5 - Investments in and A_3

Note 5 - Investments in and Advances to Real Estate Joint Ventures (Details Textual) a in Thousands, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) a ft²	Sep. 30, 2021 USD ($) ft²		Dec. 31, 2021 ft²
Gross Leasable Area (Square Foot)	398	1,435	[1]
Prudential Investment Program [Member]
Tangible Asset Impairment Charges, Total	$ 15.1
All Equity Method Investments [Member]
Number of Real Estate Properties	112			120
Gross Leasable Area (Square Foot) \| ft²	22,600,000			24,700,000
Kimco Income Fund [Member]
Payments to Acquire Interest in Subsidiaries and Affiliates, Total	$ 55.1
Kimco Income Fund [Member] \| Board of Directors Chairman [Member]
Payments to Acquire Interest in Subsidiaries and Affiliates, Total	0.1
Prudential Investment Program [Member]
Tangible Asset Impairment Charges, Total	$ 2.3
Real Estate Joint Ventures [Member] \| Operating Properties [Member]
Number of Real Estate Properties, Interest Disposed of or Transferred	8	2
Equity Method Investment, Sales Price	$ 326.5	$ 53.7
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 37.3	$ 4.2

[1]Gross leasable area ("GLA")

Note 5 - Investments In and A_4

Note 5 - Investments In and Advances to Real Estate Joint Ventures - Investment Details (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Kim Pru and Kim Pru II [Member]
Average ownership interest		15%
The company's investment		$ 153.8	$ 163
Kimco Income Fund [Member]
Average ownership interest	[1]	52.10%
The company's investment	[1]	$ 281.7	186
CPP [Member]
Average ownership interest		55%
The company's investment		$ 185.7	165.1
Other Institutional Joint Ventures [Member]
The company's investment		260.4	281.8
Other Joint Venture Programs [Member]
The company's investment		210.8	211
All Equity Method Investments [Member]
The company's investment	[2]	$ 1,092.4	$ 1,006.9

[1]During the nine months ended September 30, 2022, the Company purchased additional ownership interests for $55.1 million, including the General Partner's ownership interest from Milton Cooper, Executive Chairman of the Board of Directors of the Company, for $0.1 million. There was no change in control as a result of these transactions.[2]Representing 112 property interests and 22.6 million square feet of GLA, as of September 30, 2022, and 120 property interests and 24.7 million square feet of GLA, as of December 31, 2021.

Note 5 - Investments In and A_5

Note 5 - Investments In and Advances to Real Estate Joint Ventures - The Company's Share of Net Income/(Loss) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Prudential Investment Program [Member]
Income of joint ventures, net	[1]	$ 2,600	$ 1,900	$ 7,400	$ 7,200
KIR [Member]
Income of joint ventures, net		17,500	9,400	62,900	27,200
CPP [Member]
Income of joint ventures, net		2,500	2,600	8,200	6,700
Other Institutional Joint Ventures [Member]
Income of joint ventures, net		800	900	6,300	900
Other Joint Venture Programs [Member]
Income of joint ventures, net		3,000	5,200	9,300	12,100
Joint Ventures [Member]
Income of joint ventures, net		$ 26,360	$ 20,025	$ 94,060	$ 54,095

[1]During the nine months ended September 30, 2022, the Prudential Investment Program recognized an impairment charge on a property of $15.1 million, of which the Company’s share was $2.3 million.

Note 5 - Investments In and A_6

Note 5 - Investments In and Advances to Real Estate Joint Ventures - Joint Venture Investments Accounted for Under the Equity Method, Debt Details (Details) - USD ($) $ in Millions		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Mortgage and notes payable		$ 1,414.5	$ 1,638.7
Prudential Investment Program [Member]
Mortgage and notes payable		$ 381	$ 426.9
Weighted average interest rate		4.28%	2.02%
Weighted average remaining term (Month)	[1]	36 months 3 days	45 months 18 days
KIR [Member]
Mortgage and notes payable		$ 324.9	$ 492.6
Weighted average interest rate		4.21%	2.55%
Weighted average remaining term (Month)	[1]	46 months 12 days	27 months 27 days
CPP [Member]
Mortgage and notes payable		$ 83.4	$ 84.2
Weighted average interest rate		4.89%	1.85%
Weighted average remaining term (Month)	[1]	46 months 3 days	55 months
Other Institutional Joint Ventures [Member]
Mortgage and notes payable		$ 233.3	$ 232.9
Weighted average interest rate		4.30%	1.65%
Weighted average remaining term (Month)	[1]	50 months 21 days	59 months 21 days
Other Joint Venture Programs [Member]
Mortgage and notes payable		$ 391.9	$ 402.1
Weighted average interest rate		3.99%	3.58%
Weighted average remaining term (Month)	[1]	74 months 18 days	83 months

[1]Includes extension options

Note 6 - Other Investments (Det

Note 6 - Other Investments (Details Textual) - Preferred Equity Investments [Member] $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Equity Method Investments	$ 69.6
Number of Real Estate Properties	13
Income (Loss) from Equity Method Investments	$ 14.8	$ 8.5

Note 7 - Marketable Securitie_2

Note 7 - Marketable Securities (Details Textual) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Marketable Securities, Gain (Loss)	$ (75,491)	$ 457,127	$ (215,194)	$ 542,510
Albertsons Companies, Inc [Member]
Investment Owned, Balance, Shares (in shares)	22		22

Note 7 - Marketable Securitie_3

Note 7 - Marketable Securities - Amortized Cost and Unrealized Gain (Loss) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized cost	$ 116,741	$ 114,159
Unrealized gains, net	882,353	1,097,580
Marketable securities	$ 999,094	$ 1,211,739

Note 8 - Accounts and Notes R_3

Note 8 - Accounts and Notes Receivable - Components of Accounts and Notes Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Billed tenant receivables	$ 13,430	$ 20,970
Unbilled common area maintenance, insurance and tax reimbursements	53,305	55,283
Deferred rent receivables	3,145	5,029
Other receivables	18,167	15,725
Straight-line rent receivables	181,840	157,670
Total accounts and notes receivable, net	$ 269,887	$ 254,677

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual)	Sep. 30, 2022
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	63 years 3 months 18 days
Lessee, Operating Lease, Renewal Term (Year)	75 years

Note 9 - Leases - Lease Income

Note 9 - Leases - Lease Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fixed lease income	[1]			$ 340,990	$ 283,911	$ 1,009,358	$ 720,174
Variable lease income	[2]			83,689	65,985	248,650	181,980
Above-market and below-market leases amortization, net				3,107	2,982	10,088	11,915
Total lease income		$ 429,042	$ 364,694	429,042	364,694	1,274,969	929,297
COVID 19 [Member]
Adjustments for potentially uncollectible revenues and disputed amounts	[3]			$ 1,256	$ 11,816	$ 6,873	$ 15,228

[1]Includes minimum base rents, expense reimbursements, ancillary income and straight-line rent adjustments.[2]Includes minimum base rents, expense reimbursements, percentage rent, lease termination fee income and ancillary income.[3]The amounts represent adjustments associated with potentially uncollectible revenues and disputed amounts primarily due to the COVID-19 pandemic.

Note 9 - Leases - Lease Cost (D

Note 9 - Leases - Lease Cost (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Weighted-average remaining lease term, operating leases (Year)		24 years 8 months 12 days		24 years 8 months 12 days
Weighted-average remaining lease term, finance leases (Year)		1 year 3 months 18 days		1 year 3 months 18 days
Weighted-average discount rate, operating leases		6.62%		6.62%
Weighted-average discount rate, finance leases		4.44%		4.44%
Finance lease cost	[1]	$ 398	$ 263	$ 974	$ 263
Operating lease cost		3,222	2,938	9,473	8,562
Variable lease cost		825	1,188	3,421	2,520
Total lease cost		$ 4,445	$ 4,389	$ 13,868	$ 11,345

[1]Relates to interest expense on finance lease liabilities, which were acquired in connection with the Merger.

Note 10 - Other Assets (Details

Note 10 - Other Assets (Details Textual) $ in Thousands	9 Months Ended
Note 10 - Other Assets (Details Textual) $ in Thousands	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Property Held-for-sale, Net Carrying Amount	$ 12,400
Property Held-for-sale, Accumulated Depreciation and Amortization	900
Proceeds from Collection of Loans Receivable	38,232	$ 3,742
Mortgage Receivable Scheduled to Mature in November 2021 [Member]
Proceeds from Collection of Loans Receivable	$ 38,100
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans	3
Mortgage Receivable Scheduled to Mature in November 2021 [Member] \| Minimum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	8%
Mortgage Receivable Scheduled to Mature in November 2021 [Member] \| Maximum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	12.50%

Note 10 - Other Assets - Mortga

Note 10 - Other Assets - Mortgage Loans and Other Financing Receivables (Details) $ in Millions	Sep. 30, 2022 USD ($)
Face amount	$ 22
Interest rate	10%
Financing Receivable Maturing in June 25 [Member]
Face amount	$ 16.5
Interest rate	9%
Financing Receivable Maturing in June 29 [Member]
Face amount	$ 19.6
Interest rate	10%
Financing Receivable Maturing in May 29 [Member]
Face amount	$ 14
Interest rate	8%
Financing Receivable Maturing in July 22 [Member]
Face amount	$ 3
Interest rate	8%

Note 11 - Notes and Mortgages_3

Note 11 - Notes and Mortgages Payable (Details Textual) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Jul. 31, 2022	Sep. 30, 2022
Long-Term Line of Credit, Total		$ 128
Senior Unsecured Notes [Member]
Debt Instrument, Redemption, Prepayment Charges		6.5
Write off of Deferred Debt Issuance Cost		0.7
Mortgage Relating to An Operating Property [Member]
Proceeds from Issuance of Long-term Debt, Total		19
Repayments of Long-Term Debt, Total		158.4
Liabilities, Fair Value Adjustment		0.5
Revolving Credit Facility [Member]
Line of Credit Facility, Current Borrowing Capacity		$ 2,000
Debt Instrument, Interest Rate, Effective Percentage		3.85%
Line of Credit Facility, Maximum Borrowing Capacity		$ 2,750
Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	0.755%
Letter of Credit [Member]
Long-Term Line of Credit, Total		$ 1.2

Note 11 - Notes and Mortgages_4

Note 11 - Notes and Mortgages Payable - Debt Issued (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
August 2022 Senior Unsecured Note [Member]
Amount Issued	$ 650
Interest Rate	4.60%
Senior Unsecured Notes 1 [Member]
Interest Rate	3.50%	[1]
Amount Repaid	$ 299.7	[1]
February 2022 Senior Unsecured Notes [Member]
Amount Issued	$ 600
Interest Rate	3.20%
Senior Unsecured Notes 2 [Member]
Interest Rate	3.125%	[2]
Amount Repaid	$ 350	[2]
Senior Unsecured Notes 3 [Member]
Interest Rate	3.375%	[2]
Amount Repaid	$ 299.4	[2]
Senior Unsecured Notes 4 [Member]
Interest Rate	3.40%	[3]
Amount Repaid	$ 500	[3]

[1]There was no prepayment charge associated with this early repayment.[2]Includes partial repayments during May and June 2022.[3]The Company incurred a prepayment charge of $6.5 million and $0.7 million in write-off of deferred financing costs resulting from this early repayment, which are included in Early extinguishment of debt charges on the Company's Condensed Consolidated Statements of Income.

Note 12 - Noncontrolling Inte_3

Note 12 - Noncontrolling Interests (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Proceeds from Sale of Property Held-for-sale			$ 146,218	$ 154,017
Asset Impairment Charges, Total	$ 7,067	$ 850	$ 21,758	$ 954
Properties Held in Consolidated Joint Venture [Member]
Number of Properties Held in Consolidated Joint Venture			5
Asset Impairment Charges, Total			$ 19,000
Noncontrolling Interest, Impairment Shares Amount			15,800
Properties Held in Consolidated Joint Venture [Member] \| Disposal Of Five Operating Properties [Member] \| Discontinued Operations, Disposed of by Sale [Member]
Disposal Group, Including Discontinued Operation, Financing Liabilities	$ 42,800		42,800
Proceeds from Sale of Property Held-for-sale			105,500
Noncontrolling Interests, Amount Received from Disposal of Properties			$ 50,300
Consolidated Joint Venture [Member]
Noncontrolling Interest, Ownership Percentage by Parent	15%		15%

Note 12 - Noncontrolling Inte_4

Note 12 - Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Balance	$ 13,480	$ 15,784
Fair value allocation to partnership interest	0	2,068
Net income	725	529
Distributions	(726)	(2,597)
Redemption/conversion of noncontrolling interests	(209)	0
Balance	$ 13,270	$ 15,784

Note 13 - Variable Interest E_3

Note 13 - Variable Interest Entities ("VIE") (Details Textual) $ in Thousands		Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Assets, Total	[1]	$ 17,915,569	$ 18,459,199
Liabilities, Total	[2]	$ 8,062,451	$ 8,335,537
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity, Number of Entities		32	34
Consolidated Operating Properties [Member]
Variable Interest Entity, Number of Entities		32	34
Consolidated Operating Properties [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Assets, Total		$ 1,400,000	$ 1,600,000
Liabilities, Total		$ 100,300	$ 153,900

[1]Includes restricted assets of consolidated variable interest entities (“VIEs”) at September 30, 2022 and December 31, 2021 of $88,949 and $227,858, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.[2]Includes non-recourse liabilities of consolidated VIEs at September 30, 2022 and December 31, 2021 of $100,291 and $153,924, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.

Note 13 - Variable Interest E_4

Note 13 - Variable Interest Entities ("VIE") - Summary of Restricted Assets and VIE Liabilities (Details) $ in Thousands		Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Cash and cash equivalents		$ 120,331	$ 325,631
Accounts and notes receivable, net		269,887	254,677
Other assets		434,711	340,176
Assets, Total	[1]	17,915,569	18,459,199
Mortgages payable, net		300,739	448,652
Operating lease liabilities		114,923	123,779
Other liabilities		732,081	730,690
Liabilities, Total	[2]	$ 8,062,451	$ 8,335,537
Variable Interest Entity, Unencumbered [Member]
Number of consolidated VIEs		30	30
Variable Interest Entity, Encumbered by Third Party Non-resource Mortgage Debt [Member]
Number of consolidated VIEs		2	4
Variable Interest Entity, Primary Beneficiary [Member]
Number of consolidated VIEs		32	34
Variable Interest Entity, Primary Beneficiary [Member] \| Nonrecourse [Member]
Mortgages payable, net		$ 31,100	$ 78,900
Accounts payable and accrued expenses		12,300	11,800
Operating lease liabilities		5,300	6,700
Other liabilities		51,600	56,500
Liabilities, Total		100,300	153,900
Variable Interest Entity, Primary Beneficiary [Member] \| Asset Pledged as Collateral [Member]
Real estate, net		81,500	222,900
Cash and cash equivalents		4,900	2,000
Accounts and notes receivable, net		1,100	2,000
Other assets		1,400	1,000
Assets, Total		$ 88,900	$ 227,900

[1]Includes restricted assets of consolidated variable interest entities (“VIEs”) at September 30, 2022 and December 31, 2021 of $88,949 and $227,858, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.[2]Includes non-recourse liabilities of consolidated VIEs at September 30, 2022 and December 31, 2021 of $100,291 and $153,924, respectively. See Footnote 13 of the Notes to Condensed Consolidated Financial Statements.

Note 14 - Fair Value Measurem_3

Note 14 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Property [Member]
Tangible Asset Impairment Charges, Total		$ 21,800
Noncontrolling Interest, Impairment Shares Amount		15,800
Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure	[1],[2]	5,869,420	$ 7,330,723
Fair Value, Inputs, Level 2 [Member] \| Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure		5,700,000	$ 7,300,000
Fair Value, Inputs, Level 3 [Member] \| Estimate of Fair Value Measurement [Member]
Notes Payable, Fair Value Disclosure		$ 126,700

[1]The Company determined that the valuation of its senior unsecured notes were classified within Level 2 of the fair value hierarchy and its Credit Facility was classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2, as of September 30, 2022 and December 31, 2021, were $5.7 billion and $7.3 billion, respectively. The estimated fair value amounts classified as Level 3, as of September 30, 2022, was $126.7 million.[2]The Company determined the estimated fair value of the Credit Facility and mortgages payable using a discounted cash flow model using a rate that reflects the average yield of similar market participants.

Note 14 - Fair Value Measurem_4

Note 14 - Fair Value Measurements - Estimate of Fair Value Differs From Carrying Amounts (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Reported Value Measurement [Member]
Notes payable, net	[1],[2]	$ 6,909,382	$ 7,027,050
Reported Value Measurement [Member] \| Mortgages [Member]
Mortgages payable, net	[2],[3]	300,739	448,652
Estimate of Fair Value Measurement [Member]
Notes payable, net	[1],[2]	5,869,420	7,330,723
Estimate of Fair Value Measurement [Member] \| Mortgages [Member]
Mortgages payable, net	[2],[3]	$ 264,082	$ 449,758

[1]The Company determined that the valuation of its senior unsecured notes were classified within Level 2 of the fair value hierarchy and its Credit Facility was classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2, as of September 30, 2022 and December 31, 2021, were $5.7 billion and $7.3 billion, respectively. The estimated fair value amounts classified as Level 3, as of September 30, 2022, was $126.7 million.[2]The Company determined the estimated fair value of the Credit Facility and mortgages payable using a discounted cash flow model using a rate that reflects the average yield of similar market participants.[3]The Company determined that its valuation of its mortgages payable were classified within Level 3 of the fair value hierarchy.

Note 14 - Fair Value Measurem_5

Note 14 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Recurring [Member]
Marketable equity securities	$ 999,094	$ 1,211,739
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Marketable equity securities	999,094	1,211,739
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Marketable equity securities	$ 0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Marketable equity securities		0
Fair Value, Nonrecurring [Member]
Other investments		9,834
Fair Value, Nonrecurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Other investments		0
Fair Value, Nonrecurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Other investments		0
Fair Value, Nonrecurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Other investments		$ 9,834

Note 15 - Incentive Plans (Deta

Note 15 - Incentive Plans (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	May 31, 2020
Share-Based Payment Arrangement, Expense	$ 20.2	$ 18
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 49.6
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 10 months 24 days
The 2020 Equity Participation Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)			10,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	6,900,000

Note 16 - Stockholders' Equit_2

Note 16 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Aug. 31, 2021	Feb. 28, 2020
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 1	$ 1
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
ATM Program [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)			$ 0.01
Sales of Stock Maximum Sales Price			$ 500
Stock Issued During Period, Shares, New Issues (in shares)	450,000
Proceeds from Issuance of Common Stock	$ 11.3
Common Stock Available for Issuance, Value	$ 411
Class L Cumulative Redeemable Preferred Stock Depositary Shares[Member]
Stock Repurchased During Period, Shares (in shares)	54,508
Class M Cumulative Redeemable Preferred Stock Depositary Shares [Member]
Stock Repurchased During Period, Shares (in shares)	90,760
Share Repurchase Program [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 1
Common Stock, Par or Stated Value Per Share (in dollars per share)				$ 0.01
Stock Repurchase Program, Authorized Amount				$ 300
Stock Repurchased During Period, Shares (in shares)	0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 224.9
Share Repurchase Program [Member] \| Maximum [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	1,958
Share Repurchase Program [Member] \| Class L Cumulative Redeemable Preferred Stock Depositary Shares[Member] \| Maximum [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	900,000
Share Repurchase Program [Member] \| Class M Cumulative Redeemable Preferred Stock Depositary Shares [Member] \| Maximum [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	1,058,000

Note 16 - Stockholders' Equit_3

Note 16 - Stockholders' Equity - Preferred Stock Repurchased (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Purchase price	$ 3,441	$ 0
Class L Cumulative Redeemable Preferred Stock Depositary Shares[Member]
Shares repurchased (in shares)	54,508
Purchase price	$ 1,300
Class M Cumulative Redeemable Preferred Stock Depositary Shares [Member]
Shares repurchased (in shares)	90,760
Purchase price	$ 2,100

Note 16 - Stockholders' Equit_4

Note 16 - Stockholders' Equity - Outstanding Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Preferred stock, shares authorized (in shares)	7,054,000	7,054,000
Preferred stock, liquidation preference	$ 485,868	$ 489,500
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Series L Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	10,350	10,350
Shares issued and outstanding (in shares)	8,946	9,000
Preferred stock, liquidation preference	$ 223,637	$ 225,000
Dividend rate	5.125%	5.125%
Annual dividend per depository share (in dollars per share)	$ 1.28125	$ 1.28125
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Series M Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	10,580	10,580
Shares issued and outstanding (in shares)	10,489	10,580
Preferred stock, liquidation preference	$ 262,231	$ 264,500
Dividend rate	5.25%	5.25%
Annual dividend per depository share (in dollars per share)	$ 1.31250	$ 1.31250
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Redeemable Preferred Stock [Member]
Shares issued and outstanding (in shares)	19,435	19,580
Preferred stock, liquidation preference	$ 485,868	$ 489,500

Note 16 - Stockholders' Equit_5

Note 16 - Stockholders' Equity - Dividends Declared (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Common Shares (in dollars per share)	$ 0.22000	$ 0.17000	$ 0.61000	$ 0.51000
Series L Preferred Stock [Member]
Preferred Shares (in dollars per share)	0.32031	0.32031	0.96093	0.96093
Series M Preferred Stock [Member]
Preferred Shares (in dollars per share)	$ 0.32813	$ 0.32813	$ 0.98439	$ 0.98439

Note 17 - Supplemental Schedu_3

Note 17 - Supplemental Schedule of Non-cash Investing / Financing Activities - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Aug. 03, 2021
Proceeds held in escrow through the sale of real estate interests	$ 19,744	$ 0
Surrender of common stock	13,660	20,826
Dividends payable	5,326	5,366	$ 5,366
Capital expenditures accrual	28,219	35,451
Lease liabilities arising from obtaining operating right-of-use assets	0	553
Allocation of fair value to noncontrolling interests	0	2,068
Decrease in redeemable noncontrolling interests from redemption of units for common stock	1,613	0
Purchase price fair value adjustment to prepaid rent	0	15,620
Weingarten Realty Investors [Member]
Weingarten Merger:
Real estate assets	0	5,624,707
Investments in and advances to real estate joint ventures	0	586,248
Notes payable	0	(1,497,632)		$ (1,500,000)
Mortgages payable	0	(317,671)
Below-market leases	0	(120,441)
Noncontrolling interests	0	(179,037)
Other assets and liabilities, net	0	(149,813)
Lease liabilities arising from obtaining operating right-of-use assets	0	32,569
Lease liabilities arising from obtaining financing right-of-use assets	0	23,778
Common stock issued in exchange for Weingarten shares	$ 0	$ (3,738,735)

Note 17 - Supplemental Schedu_4

Note 17 - Supplemental Schedule of Non-cash Investing / Financing Activities - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 120,331	$ 325,631
Restricted cash	3,200	9,032
Total cash, cash equivalents and restricted cash	$ 123,531	$ 334,663

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Letters of Credit Outstanding, Amount	$ 44.2
Performance and Surety Bonds	18.5
Series A Bond [Member]
Special Assessment Bond, Total	49.7
Investment With Funding Commitments [Member]
Equity Method Investment, Commitment Amount	27.5
Payments to Acquire Equity Method Investments	$ 13.1

Note 19 - Defined Benefit Pla_2

Note 19 - Defined Benefit Plan (Details Textual) - The Weingarten Realty Noncontributory Qualified Cash Balance Retirement Plan [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Defined Benefit Plan, Annual Additions to Each Participant's Account, Interest Credit, Percentage	4.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets	1%
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 0

Note 19 - Defined Benefit Pla_3

Note 19 - Defined Benefit Plan - Changes in Projected Benefit Obligation, Plan Assets and Funded Status (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Benefit obligation at January 1	$ 36,995
Interest cost	435
Actuarial gain	(6,028)
Benefit payments	(1,093)
Benefit obligation at September 30, 2022	30,309
Fair value of plan assets at January 1	43,653
Actual return on plan assets	(1,343)
Benefit payments	(1,093)
Fair value of plan assets at September 30	41,217
Funded status at September 30 (included in Other assets)	10,908
Accumulated benefit obligation	30,309
Net gain recognized in other comprehensive income	$ 6,688

Note 19 - Defined Benefit Pla_4

Note 19 - Defined Benefit Plan - Weighted-average Assumptions Used to Determine the Benefit Obligation, Defined Benefit Plan (Details) - The Weingarten Realty Noncontributory Qualified Cash Balance Retirement Plan [Member]	Sep. 30, 2022
Discount rate	4.23%
Interest credit rate for cash balance plan	4.50%

Note 20 - Accumulated Other C_3

Note 20 - Accumulated Other Comprehensive Income ("AOCI") - Changes in Components of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Balance	$ 9,971,737	$ 5,772,215	$ 10,110,182	$ 5,670,254
Other comprehensive income	212	0	4,472	0
Balance	9,839,848	$ 10,155,424	9,839,848	$ 10,155,424
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance			2,216
Other comprehensive income before reclassifications			4,472
Amounts reclassified from AOCI			0
Other comprehensive income			4,472
Balance	$ 6,688		$ 6,688

Note 21 - Earnings Per Share (D

Note 21 - Earnings Per Share (Details Textual) - shares shares in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0.3	0.5

Note 21 - Earnings Per Share -

Note 21 - Earnings Per Share - Reconciliation of Earnings (Loss) and the Weighted Average Number of Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income available to the Company's common shareholders		$ 51,647	$ 501,385	$ 156,844	$ 743,316
Earnings attributable to participating securities		(582)	(4,078)	(1,581)	(5,749)
Net income available to the Company’s common shareholders for basic earnings per share		51,065	497,307	155,263	737,567
Distributions on convertible units		0	42	0	3,009
Net income available to the Company’s common shareholders for diluted earnings per share		$ 51,065	$ 497,349	$ 155,263	$ 740,576
Weighted average common shares outstanding – basic (in shares)		615,832	546,842	615,417	469,885
Equity awards (in shares)	[1]	2,133	1,718	2,392	1,837
Assumed conversion of convertible units (in shares)	[1]	53	206	47	2,730
Weighted average common shares outstanding – diluted (in shares)	[1]	618,018	548,766	617,856	474,452
Basic earnings per share (in dollars per share)		$ 0.08	$ 0.91	$ 0.25	$ 1.57
Diluted earnings per share (in dollars per share)		$ 0.08	$ 0.91	$ 0.25	$ 1.56

[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 and 0.5 million stock options that were not dilutive as of September 30, 2022 and 2021, respectively.

Note 22 - Subsequent Event (Det

Note 22 - Subsequent Event (Details Textual) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions		1 Months Ended	9 Months Ended
	Nov. 07, 2022	Oct. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Oct. 01, 2022	Dec. 31, 2021
Marketable Securities, Total			$ 999,094			$ 1,211,739
Proceeds from Sale and Maturity of Marketable Securities			$ 800	$ 339
Albertsons Companies, Inc [Member]
Investment Owned, Balance, Shares (in shares)			39.8
Marketable Securities, Total			$ 990,400
Albertsons Companies, Inc [Member] \| Forecast [Member]
Investment Owned, Balance, Shares (in shares)					28.3
Marketable Securities, Cash Dividend Receivable, Per Share (in dollars per share)	$ 6.85
Sale of Marketable Securities (in shares)		11.5
Proceeds from Sale and Maturity of Marketable Securities		$ 301,100
Investment Income, Dividend		$ 194,100
Albertsons Companies, Inc [Member] \| Forecast [Member] \| Certain Contractual Lock-up Provisions That Expire in May 2023 [Member]
Investment Owned, Balance, Shares (in shares)					28