Kimco Realty Corp. Q3 2024 Update: $22.2B Assets

TL;DR

Kimco Realty's Q3 2024: $22.2B in assets. FY ends Dec 31.

AI Summary

Kimco Realty Corp. reported its Q3 2024 results, with total assets of $22.2 billion as of September 30, 2024. The company's fiscal year ends on December 31st. This 10-Q filing provides an update on their financial position and operations for the period.

Why It Matters

This filing provides investors with a quarterly snapshot of Kimco Realty's financial health, including its asset base, which is crucial for evaluating its stability and investment potential.

Risk Assessment

Risk Level: low — This is a standard quarterly filing providing financial updates, not indicating immediate or significant new risks.

Key Numbers

• $22.2B — Total Assets (As of September 30, 2024, indicating the company's overall size.)
• 2024-09-30 — Reporting Period End (The end date for the Q3 2024 financial reporting.)
• 2024-12-31 — Fiscal Year End (The closing date for Kimco Realty's annual financial reporting.)

Key Players & Entities

• Kimco Realty Corp. (company) — Filer of the 10-Q
• Kimco Realty OP, LLC (company) — Related entity
• $22.2 billion (dollar_amount) — Total assets as of September 30, 2024
• 2024-09-30 (date) — Reporting period end date
• 2024-12-31 (date) — Fiscal year end date

FAQ

Key Financial Figures

• $1.00 — Cumulative Redeemable, Preferred Stock, $1.00 par value per share . KIMprL New Yo

Filing Documents

• kim-20240930.htm (10-Q) — 5714KB
• kim-ex31_1.htm (EX-31.1) — 12KB
• kim-ex31_2.htm (EX-31.2) — 12KB
• kim-ex31_3.htm (EX-31.3) — 15KB
• kim-ex31_4.htm (EX-31.4) — 12KB
• kim-ex32_1.htm (EX-32.1) — 6KB
• kim-ex32_2.htm (EX-32.2) — 6KB
• kim-ex32_3.htm (EX-32.3) — 6KB
• kim-ex32_4.htm (EX-32.4) — 6KB
• 0000950170-24-119432.txt ( ) — 20129KB
• kim-20240930.xsd (EX-101.SCH) — 2272KB
• kim-20240930_htm.xml (XML) — 4172KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 4 Condensed Consolidated Financial Statements of Kimco Realty Corporation and Subsidiaries (unaudited) Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Changes in Equity for the Three and Nine Months Ended September 30, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 9 Condensed Consolidated Financial Statements of Kimco Realty OP, LLC and Subsidiaries (unaudited) Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 10 Condensed Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2024 and 2023 11 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2024 and 2023 12 Condensed Consolidated Statements of Changes in Capital for the Three and Nine Months Ended September 30, 2024 and 2023 13 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 15 Kimco Realty Corporation and Subsidiaries and Kimco Realty OP, LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements (unaudited) 16 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 43 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 57 Item 4.

Controls and Procedures

Controls and Procedures. 57

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1. Legal Proceedings. 59 Item 1A. Risk Factors. 59 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 59 Item 3. Defaults Upon Senior Securities. 59 Item 4. Mine Safety Disclosures. 60 Item 5. Other Information. 60 Item 6. Exhibits. 60

Signatures

Signatures 61 3 KIMCO REALTY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDAT ED BALANCE SHEETS (unaudited) (in thousands, except share information) September 30, 2024 December 31, 2023 Assets: Real estate, net of accumulated depreciation and amortization of $ 4,225,563 and $ 3,842,869 , respectively $ 16,515,749 $ 15,094,925 Investments in and advances to real estate joint ventures 1,492,211 1,087,804 Other investments 106,513 144,089 Cash, cash equivalents and restricted cash 790,044 783,757 Marketable securities 2,355 330,057 Accounts and notes receivable, net 320,361 307,617 Operating lease right-of-use assets, net 130,914 128,258 Other assets 770,849 397,515 Total assets (1) $ 20,128,996 $ 18,274,022 Liabilities: Notes payable, net $ 7,966,940 $ 7,262,851 Mortgages payable, net 335,275 353,945 Accounts payable and accrued expenses 309,272 216,237 Dividends payable 6,722 5,308 Operating lease liabilities 121,417 109,985 Other liabilities 646,619 599,961 Total liabilities (1) 9,386,245 8,548,287 Redeemable noncontrolling interests 73,688 72,277 Commitments and Contingencies (Footnote 19) Stockholders' equity: Preferred stock, $ 1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 21,216 and 19,367 shares, respectively; Aggregate liquidation preference $ 576,602 and $ 484,179 , respectively 21 19 Common stock, $ .01 par value, authorized 1,500,000,000 and 750,000,000 shares, respectively; Issued and outstanding 674,082,065 and 619,871,237 shares, respectively 6,741 6,199 Paid-in capital 10,917,003 9,638,494 Cumulative distributions in excess of net income ( 387,067 ) ( 122,576 ) Accumulated other comprehensive (loss)/income ( 13,485 ) 3,329 Total stockholders' equity 10,523,213 9,525,465 Noncontrolling interests 145,850 127,993 Total equity 10,669,

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