Kimco Realty Quarterly Income Statements Chart
Quarterly
|
Annual
Kimco Realty Quarterly Income Statements Table
Quarterly
|
Annual
Unit: USD | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2010-06-30 | 2009-09-30 | 2008-09-30 | 2008-03-31 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||||||||||||||||||||||
revenues from rental properties | 520,930,000 | 531,286,000 | 502,875,000 | 496,221,000 | 498,905,000 | 447,895,000 | 441,816,000 | 439,008,000 | 438,338,000 | 435,879,000 | 429,042,000 | 423,273,000 | 422,654,000 | 420,405,000 | 364,694,000 | 285,732,000 | 278,871,000 | 266,316,000 | 256,607,000 | 235,961,000 | 286,004,000 | 291,809,000 | 279,181,000 | 280,710,000 | 290,634,000 | 214,230,000 | 215,049,000 | 222,651,000 | 230,415,000 | 310,632,000 | 290,919,000 | 292,843,000 | 289,391,000 | 292,909,000 | 279,286,000 | 287,115,000 | 293,091,000 | 296,501,000 | 283,387,000 | 289,080,000 | ||||
management and other fee income | 4,245,000 | 5,338,000 | 4,757,000 | 4,010,000 | 4,849,000 | 3,708,000 | 4,249,000 | 3,832,000 | 4,554,000 | 3,955,000 | 4,361,000 | 3,925,000 | 4,595,000 | 4,249,000 | 3,913,000 | 3,284,000 | 3,437,000 | 3,125,000 | 3,185,000 | 2,955,000 | 3,740,000 | 4,321,000 | 3,690,000 | 4,163,000 | 4,376,000 | 2,397,000 | 4,381,000 | 4,020,000 | 4,361,000 | 4,593,000 | 3,926,000 | 4,333,000 | 4,197,000 | 4,117,000 | 5,790,000 | 4,373,000 | 4,111,000 | 4,369,000 | 4,995,000 | 4,981,000 | 11,417,000 | 10,173,000 | 12,959,000 | 11,655,000 |
total revenues | 525,175,000 | 536,624,000 | 507,632,000 | 500,231,000 | 503,754,000 | 451,603,000 | 446,065,000 | 442,840,000 | 442,892,000 | 439,834,000 | 433,403,000 | 427,198,000 | 427,249,000 | 424,654,000 | 368,607,000 | 289,016,000 | 282,308,000 | 269,441,000 | 259,792,000 | 238,916,000 | 289,744,000 | 296,130,000 | 282,871,000 | 284,873,000 | 295,010,000 | 284,201,000 | 283,080,000 | 293,403,000 | 304,078,000 | 315,225,000 | 294,845,000 | 297,176,000 | 293,588,000 | 297,026,000 | 285,076,000 | 291,488,000 | 297,202,000 | 300,870,000 | 288,382,000 | 294,061,000 | ||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||
rent | -4,242,000 | -4,184,000 | -4,239,000 | -4,226,000 | -4,279,000 | -3,900,000 | -3,939,000 | -4,145,000 | -4,013,000 | -3,957,000 | -3,703,000 | -4,070,000 | -4,081,000 | -4,067,000 | -3,678,000 | -2,993,000 | -3,035,000 | -2,841,000 | -2,767,000 | -2,827,000 | -2,835,000 | -2,859,000 | -2,836,000 | -2,924,000 | -2,692,000 | -19,191,000 | 2,702,000 | 2,742,000 | 2,818,000 | 2,833,000 | 2,764,000 | 2,765,000 | 2,783,000 | 2,719,000 | 2,728,000 | 2,728,000 | 2,818,000 | 2,868,000 | 2,913,000 | 3,012,000 | -3,623,000 | -3,669,000 | -3,320,000 | -3,211,000 |
real estate taxes | -66,559,000 | -69,911,000 | -64,996,000 | -66,182,000 | -63,360,000 | -58,576,000 | -57,875,000 | -57,621,000 | -57,506,000 | -58,762,000 | -55,578,000 | -56,075,000 | -54,314,000 | -52,132,000 | -50,594,000 | -39,594,000 | -38,936,000 | -38,928,000 | -40,403,000 | -38,678,000 | -39,652,000 | -39,788,000 | -37,519,000 | -37,005,000 | -39,347,000 | -268,906,000 | 37,862,000 | 37,274,000 | 40,434,000 | 41,817,000 | 38,363,000 | 38,747,000 | 38,269,000 | 38,649,000 | 37,703,000 | 35,791,000 | 34,472,000 | 37,807,000 | 36,571,000 | 36,700,000 | -30,945,000 | -28,983,000 | -24,012,000 | -23,551,000 |
operating and maintenance | -91,069,000 | -89,553,000 | -88,744,000 | -87,749,000 | -85,774,000 | -82,224,000 | -76,604,000 | -75,073,000 | -75,242,000 | -79,901,000 | -71,457,000 | -69,784,000 | -69,225,000 | -77,402,000 | -52,063,000 | -46,897,000 | -46,520,000 | -49,846,000 | -42,844,000 | -38,940,000 | -42,408,000 | -48,110,000 | -39,758,000 | -43,217,000 | -40,896,000 | -288,215,000 | 39,265,000 | 41,325,000 | 43,331,000 | 39,925,000 | 33,197,000 | 35,435,000 | 34,230,000 | 40,544,000 | 32,590,000 | 33,223,000 | 34,553,000 | 40,054,000 | 34,915,000 | 36,109,000 | -29,105,000 | -25,572,000 | -26,824,000 | -27,571,000 |
general and administrative | -32,447,000 | -34,392,000 | -33,850,000 | -33,090,000 | -36,298,000 | -35,627,000 | -33,697,000 | -32,734,000 | -34,749,000 | -31,928,000 | -29,677,000 | -27,981,000 | -29,948,000 | -28,985,000 | -25,904,000 | -24,754,000 | -24,478,000 | -20,901,000 | -28,795,000 | -22,504,000 | -21,017,000 | -24,646,000 | -23,832,000 | -22,633,000 | -25,831,000 | -155,572,000 | 21,348,000 | 24,029,000 | 22,398,000 | 32,060,000 | 28,588,000 | 27,233,000 | 30,574,000 | |||||||||||
impairment charges | -7,645,000 | -534,000 | -375,000 | -201,000 | -3,701,000 | -2,237,000 | -11,806,000 | -200,000 | -7,067,000 | -14,419,000 | -272,000 | -2,643,000 | -850,000 | -104,000 | -3,115,000 | -397,000 | -138,000 | -2,974,000 | -7,508,000 | -19,609,000 | -17,451,000 | -4,175,000 | -113,062,000 | 3,336,000 | 22,873,000 | 7,646,000 | 33,051,000 | 2,944,000 | 29,719,000 | 1,617,000 | 25,140,000 | 10,073,000 | 52,213,000 | 5,840,000 | 17,475,000 | 6,058,000 | 15,459,000 | |||||||
merger charges | -25,246,000 | -1,016,000 | -3,750,000 | -46,998,000 | -3,193,000 | |||||||||||||||||||||||||||||||||||||||
depreciation and amortization | -156,323,000 | -158,453,000 | -144,688,000 | -148,148,000 | -154,719,000 | -124,282,000 | -127,437,000 | -129,245,000 | -126,301,000 | -124,676,000 | -125,419,000 | -124,611,000 | -130,294,000 | -133,633,000 | -114,238,000 | -72,573,000 | -74,876,000 | -74,295,000 | -71,704,000 | -73,559,000 | -69,397,000 | -68,439,000 | -68,874,000 | -69,005,000 | -71,561,000 | -546,494,000 | 74,972,000 | 79,760,000 | 81,382,000 | 85,024,000 | 88,443,000 | 95,270,000 | 92,074,000 | 90,884,000 | 96,827,000 | 82,753,000 | 84,856,000 | 86,095,000 | 103,708,000 | 80,155,000 | -60,232,000 | -55,596,000 | -52,939,000 | -48,681,000 |
total operating expenses | -358,285,000 | -357,027,000 | -336,892,000 | -339,596,000 | -373,377,000 | -305,625,000 | -305,539,000 | -298,818,000 | -309,617,000 | -299,424,000 | -292,901,000 | -296,940,000 | -288,134,000 | -298,862,000 | -294,325,000 | -190,108,000 | -187,845,000 | -189,926,000 | -186,910,000 | -176,646,000 | -178,283,000 | -191,350,000 | -192,428,000 | -192,235,000 | -184,502,000 | -1,402,264,000 | 180,874,000 | 209,054,000 | 200,140,000 | 236,139,000 | 195,000,000 | 231,265,000 | 200,951,000 | 225,209,000 | 208,996,000 | 237,821,000 | 197,943,000 | 218,463,000 | 213,395,000 | 201,849,000 | ||||
gain on sale of properties | 38,922,000 | 887,000 | 551,000 | 75,000 | 318,000 | 22,600,000 | 13,170,000 | 39,206,000 | 4,221,000 | 3,821,000 | 2,944,000 | 4,193,000 | 1,975,000 | 18,861,000 | 10,005,000 | 1,424,250 | 1,850,000 | 3,847,000 | ||||||||||||||||||||||||||
operating income | 205,812,000 | 180,484,000 | 171,291,000 | 160,710,000 | 130,695,000 | 168,578,000 | 140,526,000 | 157,192,000 | 172,481,000 | 144,631,000 | 144,323,000 | 133,202,000 | 143,308,000 | 125,792,000 | 76,257,000 | 117,769,000 | 104,468,000 | 80,302,000 | 72,882,000 | 64,120,000 | 115,308,000 | 136,616,000 | 99,468,000 | 107,400,000 | 134,103,000 | 291,913,000 | 102,206,000 | 84,349,000 | 103,938,000 | 79,086,000 | 99,845,000 | 65,911,000 | 92,637,000 | 71,817,000 | 76,080,000 | 53,667,000 | 99,259,000 | 82,407,000 | 74,987,000 | 92,212,000 | ||||
yoy | 57.48% | 7.06% | 21.89% | 2.24% | -24.23% | 16.56% | -2.63% | 18.01% | 20.36% | 14.98% | 89.26% | 13.10% | 37.18% | 56.65% | 4.63% | 83.67% | -9.40% | -41.22% | -26.73% | -40.30% | -14.02% | -53.20% | -2.68% | 27.33% | 29.02% | 269.11% | 2.36% | 27.97% | 12.20% | 10.12% | 31.24% | 22.81% | -6.67% | -12.85% | 1.46% | -41.80% | ||||||||
qoq | 14.03% | 5.37% | 6.58% | 22.97% | -22.47% | 19.96% | -10.60% | -8.86% | 19.26% | 0.21% | 8.35% | -7.05% | 13.92% | 64.96% | -35.25% | 12.73% | 30.09% | 10.18% | 13.67% | -44.39% | -15.60% | 37.35% | -7.39% | -19.91% | -54.06% | 185.61% | 21.17% | -18.85% | 31.42% | -20.79% | 51.48% | -28.85% | 28.99% | -5.60% | 41.76% | -45.93% | 20.45% | 9.90% | -18.68% | |||||
operating margin % | ||||||||||||||||||||||||||||||||||||||||||||
other income/ | ||||||||||||||||||||||||||||||||||||||||||||
other income | 2,903,000 | 216,000 | 22,203,000 | 5,661,000 | 12,089,000 | 20,880,000 | 8,377,000 | 7,571,000 | 3,132,000 | 9,978,000 | 6,226,000 | 6,642,000 | 5,983,000 | 1,782,000 | 3,357,000 | 49,000 | 2,927,000 | 4,327,000 | 1,938,000 | 2,622,000 | -1,634,000 | 5,219,000 | 3,277,000 | 6,179,000 | 953,250 | 1,101,000 | 279,250 | 3,473,000 | -580,000 | -1,643,000 | ||||||||||||||
mortgage and other financing income | 12,062,000 | 11,269,000 | 2,371,000 | 3,747,000 | 5,136,000 | 3,896,000 | ||||||||||||||||||||||||||||||||||||||
loss on marketable securities | -2,000 | -9,000 | -27,686,000 | |||||||||||||||||||||||||||||||||||||||||
interest expense | -81,204,000 | -80,377,000 | -76,216,000 | -73,341,000 | -74,565,000 | -67,797,000 | -60,424,000 | -60,674,000 | -61,306,000 | -60,947,000 | -52,391,000 | -56,466,000 | -57,019,000 | -57,479,000 | -52,126,000 | -46,812,000 | -47,716,000 | -45,887,000 | -46,942,000 | -48,015,000 | -46,060,000 | -45,757,000 | -43,146,000 | -44,097,000 | -44,395,000 | -42,881,000 | -44,081,000 | -46,434,000 | -49,943,000 | -52,126,000 | -47,258,000 | -46,090,000 | -46,482,000 | -43,067,000 | -46,552,000 | -50,479,000 | -52,451,000 | -56,152,000 | -54,031,000 | -56,130,000 | -59,624,000 | -54,551,000 | -52,775,000 | -53,998,000 |
income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments | 139,571,000 | 111,583,000 | 117,357,000 | 93,024,000 | 40,533,000 | 125,281,000 | 101,704,000 | 298,279,000 | -6,652,000 | 22,239,000 | 206,863,000 | |||||||||||||||||||||||||||||||||
benefit from income taxes | -366,000 | -464,000 | -217,000 | -72,010,000 | -724,250 | -314,000 | -1,275,000 | -1,308,000 | -43,000 | -630,000 | 747,000 | -61,426,000 | -12,112,000 | -48,297,000 | -2,844,000 | |||||||||||||||||||||||||||||
equity in income of joint ventures | 23,990,000 | 22,683,000 | 20,981,000 | 21,527,000 | 20,905,000 | 14,689,000 | 16,257,000 | 17,128,000 | 24,204,000 | 15,421,000 | 26,360,000 | 44,130,000 | 23,570,000 | 30,683,000 | 20,025,000 | 16,318,000 | 17,752,000 | 12,314,000 | 11,233,000 | 10,158,000 | 13,648,000 | 13,202,000 | 17,673,000 | 22,533,000 | 18,754,000 | 19,131,000 | 16,533,000 | 19,040,000 | 16,913,000 | 23,719,000 | 9,142,000 | 13,169,000 | 14,733,000 | 28,559,000 | 11,537,000 | 108,685,000 | 69,933,000 | 349,587,000 | 10,894,000 | 22,364,000 | 8,946,000 | 78,469,000 | 39,057,000 | |
equity in income of other investments | 1,747,000 | 701,000 | 216,000 | 7,718,000 | 1,534,000 | 1,968,000 | 2,100,000 | 4,519,000 | 2,122,000 | 1,912,000 | 6,733,000 | 3,385,000 | 5,373,000 | 12,807,000 | 1,539,000 | |||||||||||||||||||||||||||||
net income | 164,942,000 | 138,426,000 | 122,052,000 | 142,113,000 | 120,790,000 | 293,776,000 | -47,069,000 | 56,371,000 | 235,959,000 | 117,118,000 | 141,425,000 | 748,118,000 | 90,389,000 | 110,043,000 | 85,453,000 | 101,387,000 | 116,678,000 | 87,947,000 | 100,725,000 | 165,809,000 | 143,982,000 | 154,674,000 | 78,215,000 | 204,846,000 | 142,154,000 | 378,711,000 | 81,084,000 | 127,609,000 | 108,584,000 | 98,467,000 | ||||||||||||||
yoy | 14.60% | -401.92% | 114.28% | 24.50% | 66.84% | -84.34% | 56.46% | 637.88% | -22.53% | 25.12% | -15.16% | -38.85% | -18.96% | 7.20% | 84.08% | -24.49% | -44.98% | 60.53% | -25.33% | 29.60% | ||||||||||||||||||||||||
qoq | 13.42% | 17.65% | -724.14% | -183.50% | -17.19% | 727.66% | -17.86% | 28.78% | -15.72% | -13.11% | 32.67% | -12.69% | -39.25% | 15.16% | 97.75% | 44.10% | -62.46% | 367.06% | -36.46% | 10.27% | ||||||||||||||||||||||||
net income margin % | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -1,956,000 | -1,686,000 | -2,443,000 | -2,314,000 | -1,936,000 | -268,000 | -1,465,000 | -421,000 | -3,483,000 | -565,000 | -965,000 | -225,000 | -289,000 | -624,000 | -1,463,000 | 214,000 | -567,000 | -423,000 | 330,000 | -1,186,000 | -11,258,000 | -1,482,000 | -2,413,000 | -1,997,000 | -1,437,000 | -1,441,000 | 490,000 | -3,512,000 | -609,000 | -2,666,000 | -3,537,000 | |||||||||||||
net income attributable to the company | 162,986,000 | 135,983,000 | 119,738,000 | 139,645,000 | 118,239,000 | 289,763,000 | -49,779,000 | 57,954,000 | 237,302,000 | 116,697,000 | 137,942,000 | 747,893,000 | 90,100,000 | 109,419,000 | 83,990,000 | 101,027,000 | 116,169,000 | 88,161,000 | 100,158,000 | 165,386,000 | 144,090,000 | 143,416,000 | 76,733,000 | 203,409,000 | 140,713,000 | 379,201,000 | 77,572,000 | 127,000,000 | ||||||||||||||||
preferred dividends | -7,556,000 | -7,683,000 | -7,961,000 | -7,961,000 | -7,942,000 | -6,285,000 | -6,285,000 | -6,200,000 | -6,251,000 | -6,307,000 | -6,307,000 | -6,250,000 | -6,354,000 | -6,354,000 | -6,354,000 | -6,354,000 | -6,354,000 | -6,354,000 | -6,354,000 | -6,354,000 | -6,354,000 | -9,448,000 | -13,573,000 | -14,534,000 | -14,534,000 | -14,534,000 | -14,534,000 | -14,534,000 | -14,589,000 | -11,555,000 | -11,555,000 | -11,555,000 | -11,555,000 | -13,365,000 | -14,573,000 | -14,573,000 | ||||||||
net income available to the company's common shareholders | 155,430,000 | 128,022,000 | 111,777,000 | 133,360,000 | 111,954,000 | 283,512,000 | -56,086,000 | 51,647,000 | 230,948,000 | 110,343,000 | 131,588,000 | 741,539,000 | 83,746,000 | 92,812,000 | 59,048,000 | 86,493,000 | 101,635,000 | 73,627,000 | 85,624,000 | 150,852,000 | 129,501,000 | 131,861,000 | 65,178,000 | 191,854,000 | 129,158,000 | 360,020,000 | 62,999,000 | 112,427,000 | ||||||||||||||||
per common share: | ||||||||||||||||||||||||||||||||||||||||||||
net income available to the company's common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||
-basic | 230 | 180 | 190 | 170 | -30 | 220 | 180 | 160 | 460 | -90 | 80 | -210 | 370 | 40 | 910 | 250 | 300 | 460 | -100 | 1,710 | 190 | 220 | 140 | 200 | 240 | 160 | 190 | 360 | 300 | 170 | 240 | 310 | 150 | 160 | -130 | 460 | 310 | 870 | 150 | 270 | 30 | 70 | 340 | 330 |
-diluted | 230 | 180 | 190 | 170 | -30 | 220 | 180 | 160 | 460 | -90 | 80 | -210 | 370 | 40 | 910 | 250 | 300 | 450 | -100 | 1,710 | 190 | 220 | 140 | 200 | 240 | 170 | 190 | 360 | 300 | 170 | 240 | 310 | 150 | 160 | -130 | 460 | 310 | 860 | 150 | 270 | 30 | 70 | 340 | 330 |
weighted-average shares: | ||||||||||||||||||||||||||||||||||||||||||||
net income/ | 134,503,000 | 109,270,000 | 191,936,750 | 509,204,000 | 88,776,250 | 122,216,000 | 76,363,000 | -41,548,000 | 27,277,000 | 43,645,000 | ||||||||||||||||||||||||||||||||||
net income/(loss) attributable to the company | 132,817,000 | 106,626,000 | 190,594,500 | 507,739,000 | 85,294,750 | 121,030,000 | 75,144,250 | -43,545,000 | 24,611,000 | 40,108,000 | ||||||||||||||||||||||||||||||||||
net income/(loss) available to the company's common shareholders | 125,134,000 | 100,426,000 | 185,829,000 | 501,385,000 | 74,749,000 | 101,957,000 | 66,478,000 | -55,100,000 | 12,789,000 | 28,286,000 | ||||||||||||||||||||||||||||||||||
net income/(loss) available to the company's common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||
special dividend income | 194,116,000 | |||||||||||||||||||||||||||||||||||||||||||
gain/(loss) on marketable securities | 79,000 | 3,620,000 | 13,225,000 | 14,561,000 | 135,627,500 | 457,127,000 | 61,085,000 | |||||||||||||||||||||||||||||||||||||
(provision)/benefit for income taxes | -128,000 | -31,027,000 | -30,829,000 | -96,000 | -496,000 | -388,000 | -51,000 | -52,000 | -12,336,000 | -9,410,000 | ||||||||||||||||||||||||||||||||||
(loss)/gain on marketable securities | -6,000 | -10,144,000 | -100,314,000 | -75,491,000 | -261,467,000 | 111,161,500 | -76,931,000 | |||||||||||||||||||||||||||||||||||||
net (loss)/income | -9,038,000 | -130,727,000 | 200,269,500 | -37,429,000 | ||||||||||||||||||||||||||||||||||||||||
net (loss)/income attributable to the company | -10,974,000 | -119,501,000 | 199,899,750 | -38,394,000 | ||||||||||||||||||||||||||||||||||||||||
net (loss)/income available to the company's common shareholders | -18,916,000 | -125,751,000 | 195,134,250 | -44,748,000 | ||||||||||||||||||||||||||||||||||||||||
net (loss)/income available to the company's common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||
early extinguishment of debt charges | -428,000 | -57,000 | -7,173,000 | -7,538,000 | -12,762,000 | -1,753,000 | -45,674,000 | |||||||||||||||||||||||||||||||||||||
benefit/(provision) for income taxes | -15,281,750 | 729,000 | 274,000 | 1,039,000 | 153,000 | 344,000 | -1,344,000 | 697,000 | 1,034,000 | 493,000 | 246,000 | 3,628,000 | 1,148,000 | |||||||||||||||||||||||||||||||
net (income)/loss attributable to noncontrolling interests | -2,468,000 | -2,551,000 | -2,644,000 | -4,013,000 | -509,000 | |||||||||||||||||||||||||||||||||||||||
income/(loss) before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments | 118,650,000 | 176,546,000 | 487,954,000 | |||||||||||||||||||||||||||||||||||||||||
net income/(income) attributable to noncontrolling interests | -2,710,000 | 1,583,000 | 11,226,000 | 1,343,000 | 108,000 | |||||||||||||||||||||||||||||||||||||||
(loss)/income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments | -178,146,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on marketable securities | 121,764,000 | 24,297,000 | 526,243,000 | |||||||||||||||||||||||||||||||||||||||||
other income/(expense) | 2,958,500 | 6,696,000 | 1,439,000 | 1,273,000 | 2,134,000 | 615,000 | 470,000 | 4,383,000 | 3,882,000 | |||||||||||||||||||||||||||||||||||
gain on sale of cost method investment | 190,832,000 | |||||||||||||||||||||||||||||||||||||||||||
income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments | 97,036,000 | 121,194,000 | 733,229,000 | 65,826,000 | 54,555,000 | 60,649,000 | 65,241,000 | 92,330,000 | ||||||||||||||||||||||||||||||||||||
equity in income of other real estate investments | 5,039,000 | 3,787,000 | 1,733,000 | 11,155,000 | 4,782,000 | 10,958,000 | 3,318,000 | 3,265,000 | 13,269,000 | 6,224,000 | 4,462,000 | 5,045,000 | 9,617,000 | 9,976,000 | 5,049,000 | 19,909,000 | 38,356,000 | 3,687,000 | 5,241,000 | 3,774,000 | 7,959,000 | 10,799,000 | 4,854,000 | 11,319,000 | 5,548,000 | |||||||||||||||||||
other (expense)/income | 98,250 | -900,000 | -3,422,000 | -2,070,000 | -5,057,000 | |||||||||||||||||||||||||||||||||||||||
(loss)/income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments | 184,906,500 | -59,429,000 | ||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption charges | -7,159,000 | -11,369,000 | ||||||||||||||||||||||||||||||||||||||||||
net (loss)/income available to the company: | ||||||||||||||||||||||||||||||||||||||||||||
net income available to the company: | ||||||||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts | -10,824,000 | 1,389,000 | 1,051,000 | 2,131,000 | 1,429,000 | 701,000 | 2,096,000 | 1,404,000 | -189,000 | 1,092,000 | 1,185,000 | 3,475,000 | 751,000 | 1,920,000 | 1,107,000 | |||||||||||||||||||||||||||||
gain on sale of properties/change in control of interests | 31,836,000 | 9,025,000 | 14,762,000 | 23,595,000 | ||||||||||||||||||||||||||||||||||||||||
benefit for income taxes | 895,000 | 3,866,000 | 245,750 | 315,000 | 720,000 | 4,136,000 | ||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -360,000 | |||||||||||||||||||||||||||||||||||||||||||
reimbursement income | 63,452,000 | 58,007,000 | 61,206,000 | 63,716,000 | ||||||||||||||||||||||||||||||||||||||||
other rental property income | 4,122,000 | 5,643,000 | 5,526,000 | 5,586,000 | ||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes, net, equity in income of joint ventures, net, gain on change in control of interests and equity in income from other real estate investments | 37,987,000 | 50,582,000 | 41,192,000 | 60,174,000 | 21,260,000 | 47,428,000 | ||||||||||||||||||||||||||||||||||||||
gain on change in control of interests | 60,972,000 | 10,188,000 | 4,290,000 | 6,584,000 | 46,512,000 | 3,091,000 | 6,342,000 | |||||||||||||||||||||||||||||||||||||
income from continuing operations | 57,513,750 | 72,475,000 | 70,569,000 | 87,011,000 | 134,791,000 | 76,529,000 | 165,578,000 | 115,258,000 | 339,117,000 | 53,419,000 | 101,110,000 | 98,385,000 | 94,687,000 | |||||||||||||||||||||||||||||||
gain on sale of operating properties/change in control of interests | 49,379,000 | 28,250,000 | 95,240,000 | 56,971,000 | ||||||||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations before income taxes, net, equity in income of joint ventures, net, gain on change in control of interests and equity in income from other real estate investments | 30,155,750 | 51,935,000 | ||||||||||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations | 73,250,750 | 81,683,000 | 57,379,250 | -51,319,000 | 25,944,000 | 43,076,000 | ||||||||||||||||||||||||||||||||||||||
gain on sale of operating properties, net of tax | 15,525,500 | 40,533,000 | 19,883,000 | 1,686,000 | 18,983,750 | 9,771,000 | 39,268,000 | 26,896,000 | 21,554,750 | 27,665,000 | 26,499,000 | 600,000 | 563,000 | |||||||||||||||||||||||||||||||
preferred stock redemption charge | -7,014,000 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | -8,792,250 | -12,059,000 | -11,555,000 | -11,555,000 | -11,822,000 | -11,822,000 | -11,822,000 | -11,822,000 | ||||||||||||||||||||||||||||||||||||
net income/(loss) available to the company: | ||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 27,462,000 | 27,983,000 | 29,928,000 | 31,929,000 | 33,413,000 | 27,310,000 | 29,307,000 | -26,446,000 | -27,965,000 | -30,992,000 | -24,750,000 | |||||||||||||||||||||||||||||||||
mortgage financing income | 402,000 | 408,000 | 414,000 | 410,000 | 443,000 | 445,000 | 916,000 | |||||||||||||||||||||||||||||||||||||
interest, dividends and other investment income | 651,000 | 477,000 | 644,000 | 1,050,000 | 5,692,000 | 32,102,000 | 5,181,000 | 9,236,000 | 1,190,000 | 22,026,000 | ||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income of other real estate investments | 9,256,500 | -11,788,000 | ||||||||||||||||||||||||||||||||||||||||||
discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operating properties, net of tax | 1,567,000 | |||||||||||||||||||||||||||||||||||||||||||
impairment/loss on operating properties, net of tax | ||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 80,000 | 9,011,000 | 3,217,000 | |||||||||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) attributable to the company: | ||||||||||||||||||||||||||||||||||||||||||||
amounts attributable to the company's common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income of other real estate investments | 2,176,000 | 46,638,000 | ||||||||||||||||||||||||||||||||||||||||||
income from continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company: | ||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments | 29,882,000 | 27,708,000 | 69,570,000 | |||||||||||||||||||||||||||||||||||||||||
income/(loss) from discontinued operating properties, net of tax | -3,750 | |||||||||||||||||||||||||||||||||||||||||||
gain on disposition of operating properties, net of tax | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
income/(loss) from discontinued operations | -18,750 | |||||||||||||||||||||||||||||||||||||||||||
revenues from rental property | 213,955,000 | 191,886,000 | 190,503,000 | 190,538,000 | ||||||||||||||||||||||||||||||||||||||||
rental property expenses: | ||||||||||||||||||||||||||||||||||||||||||||
income from other real estate investments | 8,289,000 | 9,249,000 | 24,032,000 | 21,029,000 | ||||||||||||||||||||||||||||||||||||||||
(loss)/gain on sale of development properties | ||||||||||||||||||||||||||||||||||||||||||||
impairments: | ||||||||||||||||||||||||||||||||||||||||||||
property carrying values | -1,900,000 | |||||||||||||||||||||||||||||||||||||||||||
investments in other real estate investments | -2,112,000 | |||||||||||||||||||||||||||||||||||||||||||
marketable securities and other investments | ||||||||||||||||||||||||||||||||||||||||||||
investments in real estate joint ventures | ||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations before income taxes and equity in (loss)/income of joint ventures | 22,169,000 | |||||||||||||||||||||||||||||||||||||||||||
equity in (loss)/income of joint ventures | -361,000 | |||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||
impairment/loss on operating properties held for sale/sold, net of tax | -2,619,000 | |||||||||||||||||||||||||||||||||||||||||||
(loss)/income from discontinued operations | -1,052,000 | |||||||||||||||||||||||||||||||||||||||||||
(loss)/gain on transfer of operating properties | -57,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on sale of operating properties | 2,442,000 | |||||||||||||||||||||||||||||||||||||||||||
total net gain on transfer or sale of operating properties | 2,385,000 | |||||||||||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations, net of tax | 13,841,000 | 28,206,000 | ||||||||||||||||||||||||||||||||||||||||||
impairment of property carrying values | ||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes, income from other real estate investments, equity in income of joint ventures, gain on sale of development properties and impairments | 23,089,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on sale of development properties, net of tax of 429, 1,863, 1,390 and 13,699, respectively | 644,000 | |||||||||||||||||||||||||||||||||||||||||||
real estate under development | ||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from discontinued operating properties | 62,000 | |||||||||||||||||||||||||||||||||||||||||||
loss on operating properties held for sale/sold, net of tax | ||||||||||||||||||||||||||||||||||||||||||||
gain on transfer of operating properties | 1,188,000 | |||||||||||||||||||||||||||||||||||||||||||
loss on sale of operating properties | -111,000 | |||||||||||||||||||||||||||||||||||||||||||
total net gain on transfer or sale of operating properties, net of tax | 489,000 | |||||||||||||||||||||||||||||||||||||||||||
net income/(loss) : | ||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes, income from other real estate investments, equity in income of joint ventures, minority interests in income and gain on sale of development properties | 17,283,000 | 50,235,000 | ||||||||||||||||||||||||||||||||||||||||||
minority interests in income | -11,858,000 | -8,642,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on sale of development properties net of tax of 1,863, 3,352, 13,699 and 8,487 respectively | 2,795,000 | |||||||||||||||||||||||||||||||||||||||||||
income from discontinued operating properties | 350,000 | 3,427,000 | ||||||||||||||||||||||||||||||||||||||||||
loss on operating properties held for sale/sold | ||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of operating properties | 8,809,000 | 661,000 | ||||||||||||||||||||||||||||||||||||||||||
total gain on transfer or sale of operating properties, net of tax | 1,188,000 | |||||||||||||||||||||||||||||||||||||||||||
income before extraordinary item | 108,584,000 | 98,467,000 | ||||||||||||||||||||||||||||||||||||||||||
extraordinary gain from joint venture resulting from purchase price allocation, net of tax and minority interest | ||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | 96,762,000 | 86,645,000 | ||||||||||||||||||||||||||||||||||||||||||
net income : | ||||||||||||||||||||||||||||||||||||||||||||
gain on sale of development properties, | ||||||||||||||||||||||||||||||||||||||||||||
net of tax of 1,612, and 1,602, respectively | 2,418,000 | |||||||||||||||||||||||||||||||||||||||||||
extraordinary gain from joint venture resulting from purchase price | ||||||||||||||||||||||||||||||||||||||||||||
allocation, net of tax and minority interest | ||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding for net income calculations: | ||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these condensed consolidated financial statements. |
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