KIMCO REALTY CORP KIM Income Statement

Kimco realty corp (KIM)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues
Revenues from rental properties, net
286,004	291,809	279,181	280,710	290,634	281,804	278,699	289,383	299,717	504,464	225,836	225,774	227,711	33,873	279,286	287,115	293,091	296,501	283,387	289,080	275,506	255,749	246,555	237,432	219,152	176,365	212,153	218,070	218,622	109,532	213,946	217,809	214,564	147,749	204,297	211,637	215,473	158,037	207,231	208,322	213,350	183,633	190,092	188,095	193,626	189,952	182,970
Management and other fee income
3,740	4,321	3,690	4,163	4,376	2,397	4,381	4,020	4,361	4,593	3,926	4,333	4,197	4,117	5,790	4,373	4,111	4,369	4,995	4,981	7,950	8,763	8,679	8,526	9,041	9,565	9,310	9,049	8,393	10,470	8,917	8,710	9,425	8,493	8,728	8,437	9,663	9,524	9,082	11,417	9,843	12,062	10,166	10,299	9,925	12,959	11,203
Total revenues
289,744	296,130	282,871	284,873	295,010	284,201	283,080	293,403	304,078	315,225	294,845	297,176	293,588	297,026	285,076	291,488	297,202	300,870	288,382	294,061	283,456	264,512	255,234	245,958	228,193	185,930	221,463	227,119	227,015	120,002	222,863	226,519	223,989	156,242	213,025	220,074	225,136	-	-	-	-	-	-	-	-	-	-
Operating expenses
Rent
2,835	-	-	-	2,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rent
-	-	2,836	2,924	-	2,667	2,702	2,742	2,818	2,833	2,764	2,765	2,783	2,719	2,728	2,728	2,818	2,868	2,913	3,012	3,554	3,888	3,559	3,498	3,305	3,335	3,315	3,376	3,321	3,288	3,270	2,924	3,263	3,290	3,455	3,807	3,295	3,201	3,418	3,543	3,569	6,982	3,617	-330	3,286	3,320	3,273
Real estate taxes
39,652	39,788	37,519	37,005	39,347	37,766	37,862	37,274	40,434	41,817	38,363	38,747	38,269	38,649	37,703	35,791	34,472	37,807	36,571	36,700	36,072	33,128	31,470	30,722	29,350	24,496	28,156	27,640	28,454	16,860	28,823	27,985	28,152	18,822	27,827	28,141	29,661	16,618	29,721	30,265	28,732	58,236	28,633	-2,724	24,261	23,991	23,410
Operating and maintenance
42,408	48,110	39,758	43,217	40,896	40,373	39,265	41,325	43,331	44,013	40,262	42,703	42,574	71,050	32,590	33,223	34,553	40,054	34,915	36,109	33,902	34,079	30,561	28,981	26,076	22,895	23,767	27,074	25,669	13,905	25,333	26,756	26,415	15,502	27,315	26,868	32,853	21,513	27,221	27,514	32,109	51,303	25,358	-2,389	31,073	26,798	23,472
General and administrative
21,017	24,646	23,832	22,633	25,831	20,022	21,348	24,029	22,398	27,972	21,523	19,965	22,230	-3,044	27,983	29,928	31,929	33,413	27,310	29,307	32,705	27,675	28,632	28,773	37,121	31,303	30,828	31,319	34,020	28,322	29,880	30,908	34,414	28,355	30,846	29,612	29,746	26,019	28,452	26,425	28,138	55,279	27,937	-2,610	29,354	30,591	25,693
Provision for doubtful accounts
-	-	0	0	-	1,682	1,389	1,051	2,131	1,429	701	2,096	1,404	-189	1,092	1,185	3,475	751	1,920	1,107	2,297	788	901	1,741	1,452	-820	2,102	3,019	1,832	-1,693	888	2,551	3,097	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
3,000	7,508	19,609	17,451	4,175	45,352	3,336	22,873	7,646	33,051	2,944	29,719	1,617	25,140	10,073	52,213	5,840	17,394	6,058	15,458	6,473	110,824	74,505	25,636	6,893	23,065	85,607	78,317	3,229	-	-	25,007	9,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of property carrying values
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Depreciation and amortization
69,397	68,439	68,874	69,005	71,561	74,266	74,972	79,760	81,382	85,024	88,443	95,270	92,074	90,884	96,827	82,753	84,856	86,095	103,708	80,155	74,569	72,767	67,130	62,117	56,060	49,131	57,933	58,673	58,976	31,686	63,854	59,731	59,556	38,609	56,870	59,131	63,650	43,316	59,815	57,808	56,266	115,229	55,379	-5,552	56,694	53,013	50,457
Total operating expenses
178,283	191,350	192,428	192,235	184,502	222,128	180,874	209,054	200,140	236,139	195,000	231,265	200,951	225,209	208,996	237,821	197,943	218,463	213,395	201,849	189,490	183,745	164,844	181,468	153,525	78,700	204,751	175,940	152,670	102,332	152,048	150,947	155,130	115,862	150,350	151,280	159,205	-	-	-	-	-	-	-	-	-	-
Equity in income of other real estate investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	81,683	134,791	76,529	-	-51,319	165,578	115,258	339,117	53,419	101,110	280,759	74,470	105,451	128,989	75,596	92,841	50,590	80,679	64,344	4,326	43,724	75,356	54,596	19,689	48,669	42,299	30,759	8,327	31,816	26,407	53,572	-91,654	42,167	12,048	41,336	110,066	99,792
Loss from discontinued operating properties, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-15	5,614	6,715	8,016	16,435	25,968	9,588	9,095	5,959	46,614	5,222	-180	1,497	30,124	5,678	487	4,293	40,829	-194	1,103	1,628	12,148	971	389	83	527	596
Impairment/loss on operating properties, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120	0	0	-60	251,590	-4,116	-65,651	-5,508	211,187	-26,928	-38,371	-2,831	-8,206	-3,191	-18,111	-8,924	-8,365	-289	-5,496	-3,193	-2,738	-337	-2,618	-482	-2,415	-14,576	1,332	-56	-	0
Gain on disposition of operating properties, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-75	71,717	89,259	20,207	9,337	16,151	23,398	1,869	2,496	48,682	11,329	11,263	11,979	8,604	4,535	4,025	163	-	1,704	-	-	0	18	0	403	8,809	61
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,709	91,858	-37,428	20,264	-32,808	6,058	-27,407	5,624	87,090	13,360	-7,028	4,552	30,363	9,924	-984	1,263	38,348	1,173	-1,515	1,146	-4,415	989	1,293	430	9,336	657
Loss on transfer of operating properties, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57	-	-	-	-	-	-	-
Gain on sale of properties
3,847	31,836	9,025	14,762	23,595	49,379	28,250	95,240	56,971	31,436	40,533	19,883	1,686	16,888	9,771	39,268	26,896	39,594	27,665	26,499	32,055	-	-	-	-	352	540	0	540	-	-	-	-	-	-	-	-	-	-	2,442	-	-	-	-	-	-	-
Operating income
115,308	136,616	99,468	107,400	134,103	111,452	130,456	179,589	160,909	172,624	99,845	65,911	92,637	164,640	76,080	53,667	99,259	82,407	74,987	92,212	93,966	80,767	90,390	64,490	74,668	107,230	16,712	51,179	74,345	17,670	70,815	75,572	68,859	40,380	62,675	68,794	65,931	-	-	-	-	-	-	-	-	-	-
Other income/(expense)
Impairment of property carrying values
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	-	-	-	3,880	-	-	-
Mortgage financing income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	445	916	1,136	585	417	428	1,699	963	925	1,430	986	1,420	2,092	1,985	2,007	1,545	1,959	1,940	1,829	1,878	2,486	2,371	2,670	3,337	3,747	3,747	4,125	5,136	4,569
Interest, dividends and other investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,692	32,102	-	323	264	326	53	7,311	416	6,479	2,641	913	595	350	164	1,624	375	8,932	4,865	5,413	4,550	5,177	6,089	10,707	9,236	5,213	7,921	7,092	16,270
Other (expense)/income, net
-3,422	2,927	4,327	1,938	2,622	-1,634	5,219	3,277	6,179	-1,254	1,101	1,439	1,273	2,249	4,358	-1,012	-170	4,857	615	470	-768	-4,240	-1,397	-483	-2,424	2,510	3,527	-1,840	-3,002	-817	-3,073	538	-3,597	-1,824	-2,655	772	-303	-2,280	-741	-1,109	-329	5,064	4,382	297	-4,215	-1,643	-4,108
Interest expense
46,060	45,757	43,146	44,097	44,395	42,881	44,081	46,434	49,943	52,126	47,258	46,090	46,482	43,067	46,552	50,479	52,451	56,152	54,031	56,130	52,578	49,822	51,225	52,469	50,243	49,776	53,949	55,018	53,497	53,210	56,467	56,776	57,283	54,589	56,120	55,601	55,368	51,611	57,706	58,167	55,548	111,815	54,530	-5,093	46,516	52,775	53,600
Early extinguishment of debt charges
-	-	0	-	-	-	-12,762	-	-	-	-1,753	-	-	-	-45,674	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,811	-	-	-	-	-	-	-	-
Income from other real estate investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	545	416	727	1,060	2,449	447	165	954	1,231	424	1,044	-22,358	9,288	9,338	8,386	24,032	32,383
Gain on sale of development properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,428	2,795	15,336
Real estate under development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Investments in other real estate investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,112	3,882	-	-	-4,060	-	-	0
Marketable securities and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	657	0	506	-	-	-2,957	-	5,902	554
Investments in real estate joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments, net
65,826	93,786	60,649	65,241	92,330	66,937	78,832	136,432	117,145	119,244	51,935	21,260	47,428	123,822	-11,788	2,176	46,638	29,882	27,708	69,570	41,756	27,613	38,449	12,292	23,753	68,238	-32,369	2,230	21,473	-35,712	14,507	22,085	10,877	270	8,683	25,284	17,119	-23,047	6,374	18,868	25,710	-128,140	32,530	10,590	31,012	23,008	30,999
Provision for income taxes, net
43	263	-3,866	-344	630	2,583	-315	-720	52	1,344	-697	-1,034	-493	5,291	61,426	-246	12,112	53,985	-2,844	-3,628	12,717	-37,145	5,252	940	8,515	5,522	23,763	-12,204	15,573	2,727	5,520	3,302	4,054	11,497	4,443	5,640	4,209	-544	2,708	-101	1,145	-17,996	-691	-692	-682	12,336	-1,138
Equity in income
-	-	-	-	-	-	-	-	-	-	9,100	13,200	14,733	28,581	11,500	108,700	69,933	349,545	10,900	22,400	97,550	9,487	51,787	45,025	53,261	28,898	96,175	59,505	24,111	23,258	24,500	30,400	34,738	13,657	19,641	17,824	12,345	-	-	-	14,919	-13,806	8,946	1,527	9,642	78,469	20,490
Gain on change in control of joint venture interests
-	-	-	-	-	-	-	-	-	0	0	60,972	10,188	4,290	6,584	46,512	0	3,091	6,342	0	139,801	23,462	14,431	65,598	3,744	0	0	-1,459	23,170	1,399	1	12,147	2,008	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of operating properties, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	389	-	-	-	-	-	-	-	4,059	-	-	-	-	-	-49	336	0	1,793	-	1,073	2	-	-	24
Total net gain on transfer of operating properties, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,385	-8	1,797	489	1,555	26	1,188	24
Income/(loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	989	1,293	430	9,336	657
(Loss)/gain on transfer of operating properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	26	1,188	0
Gain on sale of operating properties, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	489	1,555	-	-	-
Net income
90,389	110,043	85,453	101,387	116,678	87,947	100,725	165,809	143,982	84,566	122,216	154,674	78,215	80,686	-41,548	204,846	142,154	378,711	81,084	127,609	312,739	50,761	197,309	91,950	95,860	60,385	57,188	53,272	70,508	91,656	57,084	72,387	59,148	50,160	58,593	41,315	32,022	46,675	32,989	27,277	54,710	-92,562	43,645	13,186	41,792	120,590	100,473
Net income attributable to noncontrolling interests
289	624	1,463	360	509	-214	567	423	-108	-330	1,186	11,258	1,482	2,413	1,997	1,437	1,441	-490	3,512	609	2,397	-2,020	2,601	2,438	8,860	-1,224	1,425	2,133	2,738	3,274	2,143	3,275	5,510	3,762	3,612	2,606	3,059	9,587	2,656	2,666	3,874	3,376	3,537	-278	3,368	12,006	6,099
Net income attributable to the Company
90,100	109,419	83,990	101,027	116,169	88,161	100,158	165,386	144,090	84,896	121,030	143,416	76,733	78,273	-43,545	203,409	140,713	379,201	77,572	127,000	310,342	52,781	194,708	89,512	87,000	61,609	55,763	51,139	67,770	88,382	54,941	69,112	53,638	46,398	54,981	38,709	28,963	37,088	30,333	24,611	50,836	-95,939	40,108	13,465	38,424	108,584	94,374
Preferred stock redemption charges
-	-	11,369	-	-	-	0	-	-	-	7,014	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividends
6,354	9,448	13,573	14,534	14,534	14,534	14,534	14,534	14,589	11,431	12,059	11,555	11,555	11,555	11,555	11,555	11,555	13,365	14,573	14,573	14,573	14,575	14,573	14,573	14,573	14,575	14,573	14,573	14,573	13,660	21,622	20,841	15,574	14,840	14,841	14,841	14,841	14,840	12,862	11,822	11,822	24,826	11,822	-1,182	11,822	11,822	11,822
Net income available to the Company's common shareholders
83,746	92,812	59,048	86,493	101,635	73,627	85,624	150,852	129,501	73,465	101,957	131,861	65,178	66,718	-55,100	191,854	129,158	360,020	62,999	112,427	295,769	38,206	180,135	74,939	72,427	47,034	41,190	36,566	53,197	59,232	27,106	48,271	38,064	31,558	40,140	23,868	14,122	22,248	17,471	12,789	39,014	-	28,286	-	26,602	96,762	82,552
-Basic (in dollars per share)
-	-	-	-	-	-	-	-	0.30	-	0.24	0.31	0.15	0.15	-0.13	0.46	0.31	0.87	0.15	0.27	0.72	0.09	0.44	0.18	0.18	0.11	0.10	0.09	0.13	0.14	0.07	0.12	0.09	0.08	0.10	0.06	0.03	0.05	0.04	0.03	0.10	-	0.07	-	0.10	0.38	0.33
-Diluted (in dollars per share)
-	-	-	-	-	-	-	-	0.30	-	0.24	0.31	0.15	0.15	-0.13	0.46	0.31	0.87	0.15	0.27	0.71	0.09	0.44	0.18	0.18	0.11	0.10	0.09	0.13	0.14	0.07	0.12	0.09	0.08	0.10	0.06	0.03	0.05	0.04	0.03	0.10	-	0.07	-	0.10	0.37	0.32
Weighted average shares:
-Basic (in shares)
429,735	422,496	419,823	419,697	419,464	419,199	419,230	420,731	423,404	423,737	423,688	423,650	423,381	423,157	420,073	417,748	412,630	412,039	411,487	411,317	410,433	409,757	409,326	408,902	408,367	408,162	408,060	407,640	406,662	406,346	405,810	405,560	406,272	406,557	406,564	406,559	406,440	406,185	405,854	405,705	405,564	752,297	376,559	368	271,083	256,164	253,740
-Diluted (in shares)
430,505	424,785	421,002	420,646	420,763	419,303	419,764	421,928	424,521	422,675	424,311	424,944	424,146	425,316	420,073	419,302	414,145	410,236	412,686	413,086	415,396	410,263	411,101	413,344	409,444	409,093	408,866	408,831	407,666	406,254	406,747	406,476	407,279	408,461	407,292	407,562	407,361	406,829	406,253	406,009	405,713	750,654	378,127	368	271,158	258,933	257,318
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360,020	62,999	112,427	295,844	56,606	88,275	113,182	58,776	73,979	32,353	64,386	47,872	-24,720	12,932	55,394	35,754	3,795	30,191	24,970	12,965	-10,918	16,287	14,397	37,892	-	27,312	-	26,172	87,574	81,896
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-75	-18,400	91,860	-38,243	13,651	-26,945	8,837	-27,820	5,325	83,952	14,174	-7,123	2,310	27,763	9,949	-1,102	1,157	33,166	1,184	-1,608	1,122	-4,713	974	1,293	430	9,188	656
Net income available to the Company's common shareholders
83,746	92,812	59,048	86,493	101,635	73,627	85,624	150,852	129,501	73,465	101,957	131,861	65,178	66,718	-55,100	191,854	129,158	360,020	62,999	112,427	295,769	38,206	180,135	74,939	72,427	47,034	41,190	36,566	53,197	59,232	27,106	48,271	38,064	31,558	40,140	23,868	14,122	22,248	17,471	12,789	39,014	-	28,286	-	26,602	96,762	82,552
Reimbursement Income [Member]
Revenues
-	-	-	-	-	-	-	-	-	-	59,490	60,971	58,129	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Rental Property Income [Member]
Revenues
-	-	-	-	-	-	-	-	-	-	5,593	6,098	3,551	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Joint Ventures [Member]
Equity in income
13,600	13,200	17,700	22,500	18,800	19,187	16,500	19,000	16,913	23,756	9,142	13,169	14,733	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Real Estate Investments [Member]
Equity in income
10,958	3,318	3,265	13,269	6,224	4,462	5,045	9,617	9,976	5,049	19,909	38,356	3,687	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-