{"id":11716,"date":"2024-05-22T17:28:32","date_gmt":"2024-05-22T22:28:32","guid":{"rendered":"https:\/\/1reason.com\/re\/kimco-realty-announces-first-quarter-2024-results\/11716\/"},"modified":"2024-05-23T12:28:32","modified_gmt":"2024-05-23T17:28:32","slug":"kimco-realty-announces-first-quarter-2024-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/kimco-realty-announces-first-quarter-2024-results\/11716\/","title":{"rendered":"Kimco Realty\u00ae Announces First Quarter 2024 Results"},"content":{"rendered":"<div>, May  02, 2024  (GLOBE NEWSWIRE) &#8212; Kimco Realty<sup>\u00ae<\/sup> (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the first quarter ended March 31, 2024. For the three months ended March 31, 2024 and 2023, Kimco Realty\u2019s net (loss)\/income available to the company\u2019s common shareholders per diluted share was ($0.03) and $0.46, respectively.  <\/p>\n<p align=\"justify\"><strong><u>First Quarter Highlights<\/u><\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:3pt;text-align:justify\">Produced Funds From Operations* (FFO) of $0.39 per diluted share.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Generated 3.9% growth in Same Property Net Operating Income* (NOI) over the same period a year ago.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Achieved pro-rata portfolio occupancy of 96.0% with pro-rata anchor and small shop occupancy at 97.8% and 91.5%, respectively.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Leased 4.0 million square feet, generating blended pro-rata rent spreads on comparable spaces, including renewals and options, of 10.2%.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Generated pro-rata cash rent spreads of 35.5% for new leases on comparable spaces, including two former Bed Bath &amp; Beyond leases with a blended, pro-rata rent increase of 36%.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Completed the $2.3 billion acquisition of RPT Realty (\u201cRPT\u201d) on January 2, 2024.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Disposed of ten former RPT properties for an aggregate price of $248 million, which resulted in the company achieving its 2024 disposition target for former RPT properties.<\/li>\n<\/ul>\n<p align=\"justify\">&#8220;Our first quarter results surpassed our initial expectations and showcase the robust demand that continues to permeate our open-air, grocery-anchored shopping center portfolio, supported by the exceptional performance of our dedicated team of associates,&#8221; stated Conor Flynn, CEO of Kimco. &#8220;We are thrilled with the successful acquisition of RPT and the swift divestment of ten former properties that did not align with our long-term ownership strategy. Additionally, we achieved four million square feet of leasing with double-digit rent spreads and strong growth in same property NOI. As a result, we are excited to capitalize on this momentum and update our full-year outlook, as we remain committed to maximizing shareholder value.\u201d<\/p>\n<p><em>*Reconciliations of non-GAAP measures to the most directly comparable GAAP measure are provided in the tables accompanying this press release<\/em>.<\/p>\n<p align=\"justify\"><strong><u>Financial Results<\/u><\/strong><\/p>\n<p align=\"justify\">The company reported a net loss available to common shareholders of ($18.9) million, or ($0.03) per diluted share, for the first quarter of 2024. This compares to net income available to common shareholders (\u201cNet income\u201d) of $283.5 million, or $0.46 per diluted share, for the first quarter of 2023. The year-over-year change is primarily attributable to:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">$194.1 million one-time special dividend received from Albertsons Companies, Inc. (NYSE: ACI)   in the first quarter of 2023 that did not reoccur in 2024.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">$41.2 million increase in provision for income taxes, mainly due to tax gains associated with the sale of ACI common stock during 2024 and 2023.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">$40.4 million less gains on sales of properties, net of impairments in 2024.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">$25.2 million in merger charges related to the acquisition of RPT.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Other notable year-over-year changes, which were mainly attributable to the acquisition of RPT, include $60.6 million growth in consolidated revenues from rental properties, partially offset by increases of $5.9 million in real estate taxes and $10.5 million in operating and maintenance expenses as well as $28.4 million in higher depreciation and amortization.<\/li>\n<\/ul>\n<p align=\"justify\">FFO was$261.8 million, or$0.39 per diluted share, for the first quarter of 2024 and includes RPT-related merger charges of $25.2 million, or $0.04 per diluted share. FFO was $238.1 million, or$0.39 per diluted share, for the first quarter 2023. The company excludes from FFO all realized or unrealized marketable securities gains and losses as well as gains and losses from the sales of certain real estate assets, depreciation and amortization related to real estate, profit participations from other investments, and other items considered incidental to the company\u2019s business.<\/p>\n<p align=\"justify\"><strong><u>Operating Results<\/u><\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Signed 583 leases totaling 4.0 million square feet, generating blended pro-rata rent spreads on comparable spaces of 10.2%, with pro-rata cash rent spreads for new leases up 35.5% and renewals and options growing 7.8%.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Pro-rata portfolio occupancy ended the quarter at 96.0%, an increase of 20 basis points year-over-year and down 20 basis points sequentially. The acquisition of RPT and the vacating of four Rite Aid leases reduced occupancy by 14 basis points and 10 basis points, respectively.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Pro-rata small shop occupancy ended the quarter at 91.5%, an increase of 80 basis points year-over-year while down 20 basis points sequentially. The acquisition of RPT resulted in a 40-basis-point reduction in small shop occupancy, representing additional potential for leasing upside.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Reported a 330-basis-point spread between leased (reported) occupancy versus economic occupancy at the end of the first quarter, representing approximately $63 million in anticipated future annual base rent.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Generated 3.9% growth in Same Property NOI over the same period a year ago, primarily driven by a 2.8% increase in minimum rent.<\/li>\n<\/ul>\n<p align=\"justify\"><strong><u>Investment &amp; Disposition Activities<\/u><\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Disposed of ten former RPT properties for an aggregate price of $248 million, which totaled 2.1 million square feet of gross leasable area, as previously announced. As part of these sales, Kimco Realty opportunistically invested approximately $67 million in eight of these properties under its Structured Investment program. The company expects to earn a 10% blended return on these investments.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Completed a $9.0 million structured investment in a shopping center owned by a third party, as previously announced.<\/li>\n<\/ul>\n<p align=\"justify\"><strong><u>Capital Market Activities <\/u><\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Repaid unsecured notes in the principal amount of $246.9 million at 4.45% and $400.0 million at 2.70% during the first quarter. The company has no remaining unsecured debt and only $11.8 million of secured debt maturing for the remainder of 2024.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Sold remaining 14.2 million shares of ACI common stock at a net price of $21.05 per share, resulting in $299.1 million of net proceeds, as previously announced. The company recorded a provision for income taxes of $71.8 million on the taxable gain from the sale of the shares during the first quarter.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">The company ended the quarter with $2.0 billion of immediate liquidity, including $1.9 billion available on its $2.0 billion unsecured revolving credit facility and over $135 million of cash and cash equivalents.<\/li>\n<\/ul>\n<p align=\"justify\"><strong><u>Dividend Declarations<\/u><\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">Kimco Realty\u2019s board of directors declared a quarterly cash dividend on common shares of $0.24 per share, payable on June 20, 2024, to shareholders of record on June 6, 2024.<\/li>\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:justify\">The board of directors also declared quarterly dividends with respect to each of the company\u2019s Class L, Class M, and Class N series of preferred shares. These dividends on the preferred shares will be paid on July 15, 2024, to shareholders of record on July 1, 2024.<\/li>\n<\/ul>\n<p align=\"justify\"><strong><u>2024 Full Year Outlook<\/u><\/strong><\/p>\n<p align=\"justify\">The company has updated 2024 guidance for Net income and FFO per diluted share as follows:<\/p>\n<table style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: justify;vertical-align: middle;vertical-align: top\" \/>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\"><strong>Current<\/strong> <strong>*<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\"><strong>Previous*<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: justify;vertical-align: middle;vertical-align: top\">Net income:<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$0.40 to $0.44<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$0.47 to $0.51<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: justify;vertical-align: middle;vertical-align: top\">FFO:<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$1.56 to $1.60<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$1.54 to $1.58<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><em>*Includes ($0.04) of RPT merger-related charges.<\/em><\/p>\n<p align=\"justify\">The company has also updated the assumptions that support its full year outlook for Net income and FFO in the following table (Pro-rata share; dollars in millions):<\/p>\n<table style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: justify;vertical-align: middle;vertical-align: top\" \/>\n<td colspan=\"1\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\"><strong>1Q 2024<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\"><strong>Current Assumptions<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\"><strong>Prior Assumptions<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:43%;width:43%;min-width:43%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Dispositions: <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt\"><em>Cap rate (blended)<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">$248 <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:left\"><em>8.50<\/em><em>%<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"max-width:20%;width:20%;min-width:20%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$350 to $450 <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:center\"><em>8.25% to 8.75%<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"max-width:20%;width:20%;min-width:20%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$350 to $450 <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt;text-align:center\"><em>8.25% to 8.75%<\/em><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Total acquisitions &amp; structured investments combined: <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:3pt;margin-bottom:3pt\"><em>Cap rate (blended)<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">$76 <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:13pt;margin-bottom:3pt;text-align:left\"><em>10.0<\/em><em>%<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$300 to $350 <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:13pt;margin-bottom:3pt;text-align:center\"><em>7.0% to 8.0%<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$300 to $350 <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:13pt;margin-bottom:3pt;text-align:center\"><em>7.0% to 8.0%<\/em><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Same Property NOI growth (inclusive of RPT)<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">3.9%<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">2.25% to 3.0%<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">1.5% to 2.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Credit loss as a % of total pro-rata rental revenues<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">(0.62%)<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">(0.75%) to (1.00%)<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">(0.75%) to (1.00%)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">RPT-related non-cash GAAP income (above &amp; below market rents and straight-line rents)<\/td>\n<td colspan=\"1\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">$1<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$4 to $5<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">No material impact<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">RPT-related cost saving synergies included in G&amp;A<\/td>\n<td colspan=\"1\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Only showing full year impact<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$34 to $35<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$30 to $34<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Lease termination income<\/td>\n<td colspan=\"1\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">$1<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$1 to $3<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$1 to $3<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Interest income \u2013 Other income (attributable to cash on balance sheet)<\/td>\n<td colspan=\"1\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">$9<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$10 to $12<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$2 to $4<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Capital expenditures (tenant improvements, landlord work and leasing commissions)<\/td>\n<td colspan=\"1\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: top\">$44<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$225 to $275<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">$225 to $275<\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"2\" style=\"text-align: justify;vertical-align: middle;vertical-align: top\"><strong><u>Conference Call Information<\/u><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:10%;width:10%;min-width:10%;vertical-align: top\"><strong>When:<\/strong><\/td>\n<td style=\"max-width:90%;width:90%;min-width:90%;vertical-align: top\">8:30 AM ET, May 2, 2024<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\"><strong>Live Webcast:<\/strong><\/td>\n<td style=\"vertical-align: top\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kEaYsw1UDo99Gum9rhTpIEqUAf1VGef53cGXFlaEV8F8D4rBkAz4mmcBRORzsi1CATscGQ2CT512y7SyYXXf7Fx4YcBg6kfv9RbbALBaaPWDEy4apr93wAG_Tyi2zjz3ijeH5jFuZTIye5vGyDfkvVqDtbgapKSrptIQ_4NSkuLoRDLopofKXABDkBQ6ijSH\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>1Q24 Kimco Realty Earnings Conference Call<\/u><\/a> or on Kimco Realty\u2019s website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JUTvVpOapQsb-mUueZW_FyW2VC6B861YBspn0x_uyYQJtQhQiwLUIyobEqhlJOpgdPXY4eIA-OO4Z7gSD7IUMq64wZ_3nBlstci6-H0GExChnfTCcUleg6QLHPP1ojiJp_1cvhkX2Sxl_vxbV0SOdXIctoEpDF8ZLteKpMh2lRk=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>investors.kimcorealty.com<\/u><\/a> (replay available through July 31, 2024)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\"><strong>Dial #:<\/strong><\/td>\n<td style=\"vertical-align: top\">1-888-317-6003 (International: 1-412-317-6061). Passcode: 2629713<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><strong><u><br \/>About Kimco Realty<\/u><\/strong><sup><strong><u>\u00ae<\/u><\/strong><\/sup><\/p>\n<p align=\"justify\">Kimco Realty<sup>\u00ae<\/sup> (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use propertiesin the United States. The company\u2019s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&amp;P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 60 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of March 31, 2024, the company owned interests in 569 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space.<\/p>\n<p align=\"justify\">The company announces material information to its investors using the company\u2019s investor relations website (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HhIZ37bVYJ0_E8ohN-LvSBtniUqGfdD8M8b3ShUI1C2czXi1fZ-ixoDQUX7nNaCXWZUTxM1NPCu3IUpSC3JfCXQWpnMRxN08NepfnMBpFNKYAWLcLO3MbINezHALTcyAytMeMjE_J4BpBsG0um_3C2ni5BTHnUew1qmLRMzT-1U=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investors.kimcorealty.com\">investors.kimcorealty.com<\/a>), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tFRhjjfqhj90EYBRvH0zrnmE_NsuDTp3mQkn-AQBwlYc9b5rODThe04M__eBWmXesf6ZHddfMK_WdwZ3NMN1nkYh00gTg0MqoKjzWriSETFPGR81FSpzHos9RALySCbP\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.facebook.com\/kimcorealty\">www.facebook.com\/kimcorealty<\/a>), Twitter (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pPtyXsucjhjFvoD9DqmlGcQUg_txxb2uH6fnQJzY3jCDWiXRgtA6Hr7lmD1btzUkqIXxAvQ9S8Td40fj1zP1fI4GCfc-2lP6JTzzGGdvshgnzlEnB4TYDhpDYqoO277y\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.twitter.com\/kimcorealty\">www.twitter.com\/kimcorealty<\/a>) and LinkedIn (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LnMGzLAEcInhgZx1zjwkaxpgIW3LCk01VUTHU7gzQIXBoL58YtdA7YgMEAe4SpHaxz6k8GUn4f_pW8nxx3dGBeD8HPwAQM5-ovEkWdO1GSDl8hN6qro_GWqfQO6TQ06pTEKY2aSapTFIQedzRHZhn4zdboT438Qer4lfUGi-RW9NHcBEovDta0O_3dEavTwC\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.linkedin.com\/company\/kimco-realty-corporation\">www.linkedin.com\/company\/kimco-realty-corporation<\/a>). The list of social media channels that the company uses may be updated on its investor relations website from time to time.<\/p>\n<p align=\"justify\"><strong><u>Safe Harbor Statement<\/u><\/strong><\/p>\n<p align=\"justify\">This communication contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company\u2019s future plans, strategies and expectations, are generally identifiable by use of the words \u201cbelieve,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201ccommit,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cwill,\u201d \u201ctarget,\u201d \u201cplan,\u201d \u201cforecast\u201d or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company\u2019s control and could materially affect actual results, performances or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the impact of competition, including the availability of acquisition or development opportunities and the costs associated with purchasing and maintaining assets; (iii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iv) the reduction in the Company\u2019s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (v) the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience, (vi) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and the costs associated with purchasing and maintaining assets and risks related to acquisitions not performing in accordance with our expectations, (vii) the Company\u2019s ability to raise capital by selling its assets, (viii) disruptions and increases in operating costs due to inflation and supply chain disruptions, (ix) risks associated with the development of mixed-use commercial properties, including risks associated with the development, and ownership of non-retail real estate, (x) changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management\u2019s ability to estimate the impact of such changes, (xi) the Company\u2019s failure to realize the expected benefits of the merger with RPT Realty (the \u201cRPT Merger\u201d), (xii) significant transaction costs and\/or unknown or inestimable liabilities related to the RPT Merger, (xiii) the risk of litigation, including shareholder litigation, in connection with the RPT Merger, including any resulting expense, (xiv) the ability to successfully integrate the operations of the Company and RPT and the risk that such integration may be more difficult, time-consuming or costly than expected, (xv) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company, (xvi) effects relating to the RPT Merger on relationships with tenants, employees, joint venture partners and third parties, (xvii) the possibility that, if the Company does not achieve the perceived benefits of the RPT Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company\u2019s common stock could decline, (xviii) valuation and risks related to the Company\u2019s joint venture and preferred equity investments and other investments, (xix) collectability of mortgage and other financing receivables, (xx) impairment charges, (xxi) criminal cybersecurity attacks disruption, data loss or other security incidents and breaches, (xxii) risks related to artificial intelligence, (xxiii) impact of natural disasters and weather and climate-related events, (xxiv) pandemics or other health crises, such as the coronavirus disease 2019 (\u201cCOVID-19\u201d), (xxv) our ability to attract, retain and motivate key personnel, (xxvi) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (xxvii) the level and volatility of interest rates and management\u2019s ability to estimate the impact thereof, (xxviii) changes in the dividend policy for the Company\u2019s common and preferred stock and the Company\u2019s ability to pay dividends at current levels, (xxix) unanticipated changes in the Company\u2019s intention or ability to prepay certain debt prior to maturity and\/or hold certain securities until maturity, (xxx) the Company\u2019s ability to continue to maintain its status as a REIT for U.S. federal income tax purposes and potential risks and uncertainties in connection with its UPREIT structure, and (xxxi) other risks and uncertainties identified under Item 1A, \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the year ended December 31, 2023. Accordingly, there is no assurance that the Company\u2019s expectations will be realized. The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to refer to any further disclosures the Company makes in other filings with the Securities and Exchange Commission (\u201cSEC\u201d).<\/p>\n<p><\/p>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\"><strong>Condensed Consolidated Balance Sheets<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\">(in thousands, except share data)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\">(unaudited)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">March 31, 2024<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">December 31, 2023<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Assets:<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Real estate, net of accumulated depreciation and amortization<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td style=\"max-width:30%;width:30%;min-width:30%;vertical-align: middle;text-align: left;padding-left: 15.0px\">of $3,973,210 and $3,842,869, respectively<\/td>\n<td style=\"max-width:40%;width:40%;min-width:40%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,626,386<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15,094,925<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Investments in and advances to real estate joint ventures<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,516,851<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,087,804<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other investments<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">156,171<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">144,089<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Cash and cash equivalents<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">136,767<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">783,757<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Marketable securities<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,737<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">330,057<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Accounts and notes receivable, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">308,275<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">307,617<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Operating lease right-of-use assets, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">132,712<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">128,258<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other assets<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">586,480<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">397,515<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Total assets<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19,466,379<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">18,274,022<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Liabilities:<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Notes payable, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,242,570<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,262,851<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Mortgages payable, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">351,376<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">353,945<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Accounts payable and accrued expenses<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">239,725<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">216,237<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Dividends payable<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,722<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,308<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Operating lease liabilities<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">122,308<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">109,985<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other liabilities<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">665,383<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">599,961<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Total liabilities<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8,628,084<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8,548,287<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Redeemable noncontrolling interests<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70,439<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72,277<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Stockholders&#8217; Equity:<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Preferred stock, $1.00 par value, authorized 7,054,000 shares;<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Issued and outstanding (in series) 21,216 and 19,367 shares, respectively;<\/td>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Aggregate liquidation preference $576,606 and $484,179 respectively<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Common stock, $.01 par value, authorized 750,000,000 shares; issued<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">and outstanding 674,117,917 and 619,871,237 shares, respectively<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,741<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,199<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Paid-in capital<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,906,300<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,638,494<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Cumulative distributions in excess of net income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(303,302<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(122,576<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Accumulated other comprehensive income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,279<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,329<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Total stockholders&#8217; equity<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,620,039<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,525,465<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Noncontrolling interests<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">147,817<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">127,993<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Total equity<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,767,856<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,653,458<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Total liabilities and equity<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19,466,379<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">18,274,022<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Condensed Consolidated Statements of Operations<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\">(in thousands, except per share data)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\">(unaudited)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">Three Months Ended March 31,<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:69%;width:69%;min-width:69%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\">2024<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\">2023<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Revenues<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Revenues from rental properties, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">498,905<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">438,338<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Management and other fee income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,849<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,554<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Total revenues<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">503,754<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">442,892<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Operating expenses<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Rent<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,279<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,013<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Real estate taxes<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(63,360<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(57,506<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Operating and maintenance<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(85,774<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(75,242<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">General and administrative<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(36,298<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(34,749<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Impairment charges<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,701<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(11,806<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Merger charges<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(25,246<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(154,719<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(126,301<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Total operating expenses<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(373,377<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(309,617<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Gain on sale of properties<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">318<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39,206<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">130,695<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">172,481<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Other income\/(expense)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Special dividend income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">194,116<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other income, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,089<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,132<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss on marketable securities, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(27,686<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,144<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(74,565<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(61,306<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Income before income taxes, net, equity in income of joint ventures, net,<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\"> and equity in income from other investments, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">40,533<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">298,279<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Provision for income taxes, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(72,010<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(30,829<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity in income of joint ventures, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">20,905<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24,204<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity in income of other investments, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,534<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,122<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Net (loss)\/income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(9,038<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">293,776<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Net income attributable to noncontrolling interests<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,936<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,013<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Net (loss)\/income attributable to the company<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,974<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">289,763<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Preferred dividends, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(7,942<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(6,251<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Net (loss)\/income available to the company&#8217;s common shareholders<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(18,916<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">283,512<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Per common share:<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Net (loss)\/income available to the company&#8217;s common shareholders: (1)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Basic<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(0.03<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.46<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Diluted (2)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(0.03<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.46<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Weighted average shares:<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Basic<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">670,118<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">616,489<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Diluted<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">670,118<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">619,628<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"9\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Adjusted for earnings attributable to participating securities of ($680) and ($1,766) for the three months ended March 31, 2024 and 2023, respectively.<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"9\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Reflects the potential impact if certain units were converted to common stock at the beginning of the period. The impact of the conversion would have an antidilutive effect on net income and therefore have not been included. Adjusted for distributions on convertible units of $0 and $1,118 for the three months ended March 31, 2024 and 2023, respectively.<\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Net (Loss)\/Income Available to the Company&#8217;s Common Shareholders<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\"><strong>to FFO Available to the Company&#8217;s Common Shareholders (1)<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\">(in thousands, except per share data)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\">(unaudited)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">Three Months Ended March 31,<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:69%;width:69%;min-width:69%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\">2024<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\">2023<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Net (loss)\/income available to the company&#8217;s common shareholders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(18,916<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">283,512<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Gain on sale of properties<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(318<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(39,206<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Gain on sale of joint venture properties<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(53<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(7,710<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization &#8211; real estate related<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">153,462<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">125,278<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization &#8211; real estate joint ventures<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,598<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,547<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Impairment charges (including real estate joint ventures)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,702<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,803<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">(Loss)\/profit participation from other investments, net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(29<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Special dividend income<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(194,116<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss on marketable securities\/derivative, net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29,528<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,144<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Provision for income taxes, net (2)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71,741<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30,873<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Noncontrolling interests (2)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(886<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">931<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">FFO available to the company&#8217;s common shareholders (4)<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">261,829<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">238,087<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Weighted average shares outstanding for FFO calculations:<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Basic<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">670,118<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">616,489<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Units<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,284<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,555<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Convertible preferred shares<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,265<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Dilutive effect of equity awards<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">127<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">584<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Diluted<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">677,794<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">619,628<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">FFO per common share &#8211; basic<\/td>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.39<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.39<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">FFO per common share &#8211; diluted (3)<\/td>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.39<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.39<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/><\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"8\" rowspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">The company considers FFO to be an important supplemental measure of its operating performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting results. Comparison of the company&#8217;s presentation of FFO to similarly titled measures for other REITs may not necessarily be meaningful due to possible differences in the application of the Nareit definition used by such REITs.<\/td>\n<td style=\"text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Related to gains, impairments, depreciation on properties, gains\/(losses) on sales of marketable securities and derivatives, where applicable.<\/td>\n<td style=\"text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"8\" rowspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Reflects the potential impact of convertible preferred shares and certain units were converted to common stock at the beginning of the period. FFO available to the company\u2019s common shareholders would be increased by $2,443 and $584 for the three months ended March 31, 2024 and 2023, respectively. The effect of other certain convertible securities would have an anti-dilutive effect upon the calculation of FFO available to the company\u2019s common shareholders per share. Accordingly, the impact of such conversion has not been included in the determination of diluted FFO per share calculations.<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Includes merger-related charges of $25.2 million ($0.04 per share on a diluted basis) for the three months March 31, 2024.<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Net (Loss)\/ Income Available to the Company&#8217;s Common Shareholders<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>to Same Property NOI (1)(2)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\">(in thousands)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\">(unaudited)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">Three Months Ended March 31,<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:69%;width:69%;min-width:69%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\">2024<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\">2023<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Net (loss)\/income available to the company&#8217;s common shareholders<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(18,916<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">283,512<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Adjustments:<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Management and other fee income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,849<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,554<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">General and administrative<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36,298<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34,749<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Impairment charges<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,701<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,806<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Merger charges<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25,246<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">154,719<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">126,301<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Gain on sale of properties<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(318<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(39,206<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Special dividend income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(194,116<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest expense and other income, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">62,476<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">58,174<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss on marketable securities, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27,686<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,144<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Provision for income taxes, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72,010<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30,829<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity in income of other investments, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,534<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,122<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Net income attributable to noncontrolling interests<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,936<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,013<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Preferred dividends, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,942<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,251<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">RPT same property NOI (3)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">610<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39,678<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non same property net operating income<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(14,856<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(14,390<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-operational expense from joint ventures, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29,122<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,039<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Same Property NOI<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">381,273<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">367,108<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"9\" rowspan=\"3\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">The company considers Same Property NOI as an important operating performance measure because it is frequently used by securities analysts and investors to measure only the net operating income of properties that have been owned by the company for the entire current and prior year reporting periods. It excludes properties under redevelopment, development and pending stabilization; properties are deemed stabilized at the earlier of (i) reaching 90% leased or (ii) one year following a project\u2019s inclusion in operating real estate. Same Property NOI assists in eliminating disparities in net income due to the development, acquisition or disposition of properties during the particular period presented, and thus provides a more consistent performance measure for the comparison of the company&#8217;s properties. The company\u2019s method of calculating Same Property NOI may differ from methods used by other REITs and, accordingly, may not be comparable to such other REITs.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\" \/><\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"9\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Amounts represent Kimco Realty&#8217;s pro-rata share.<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">(3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td colspan=\"9\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Amounts for the three months ended March 31, 2024 and March 31, 2023, represent the Same property NOI from RPT properties, not included in the Company&#8217;s Net (loss)\/income available to the Company&#8217;s common shareholders.<\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"8\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of the Projected Range of Net Income Available to the Company&#8217;s Common Shareholders<\/strong><\/td>\n<td \/><\/tr>\n<tr>\n<td colspan=\"8\" style=\"text-align: center;vertical-align: middle\"><strong>to Funds From Operations Available to the Company&#8217;s Common Shareholders<\/strong><\/td>\n<td \/><\/tr>\n<tr>\n<td colspan=\"8\" style=\"text-align: center;vertical-align: middle\">(unaudited, all amounts shown are per diluted share)<\/td>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: center;vertical-align: middle\">Projected Range<\/td>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">Full Year 2024<\/td>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\"><u>Low<\/u><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\"><u>High<\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:70%;width:70%;min-width:70%;text-align: left;vertical-align: middle\">Net income available to the company&#8217;s common shareholders<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;padding-left: 0;text-align: right;vertical-align: middle\">0.40<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.44<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Gain on sale of properties<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(0.03<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Gain on sale of joint venture properties<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(0.01<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation &amp; amortization &#8211; real estate related<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.88<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.91<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation &amp; amortization &#8211; real estate joint ventures<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.12<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.13<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Impairment charges (including real estate joint ventures)<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.01<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.01<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Gain on marketable securities, net<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.04<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.04<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Provision for income taxes<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.11<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.11<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">FFO available to the company&#8217;s common shareholders<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">1.56<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.60<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Merger cost adjustment<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.04<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.04<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">FFO excluding merger costs<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">1.60<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.64<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/><\/tr>\n<tr>\n<td colspan=\"8\" rowspan=\"5\" style=\"text-align: left;vertical-align: middle;vertical-align: top\">Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults, occupancy rates, selling prices of properties held for disposition, expenses (including salaries and employee costs), insurance costs and numerous other factors. Not all of these factors are determinable at this time and actual results may vary from the projected results, and may be above or below the range indicated. The above range represents management\u2019s estimate of results based upon these assumptions as of the date of this press release.<\/td>\n<td \/><\/tr>\n<\/table>\n<pre>CONTACT: CONTACT:&#013;\nDavid F. Bujnicki&#013;\nSenior Vice President, Investor Relations and Strategy&#013;\nKimco Realty Corporation&#013;\n(833) 800-4343&#013;\ndbujnicki@kimcorealty.com<\/pre>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/YTJlNGFkOGQtNTQxNy00MjQyLWJkMTUtYTY0YTNjNWViMTk4LTEwMjA1NTA=\/tiny\/KRCX-PURCHASING-AGENCY-LLC.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"center\">\u2013 Strong Growth and Leasing Activity \u2013<\/p>\n<p align=\"center\">\u2013 Successful Execution on RPT Realty Acquisition \u2013<\/p>\n<p align=\"center\">\u2013 Board Declares Quarterly Dividend \u2013<\/p>\n<p align=\"center\">\u2013 Updates 2024 Outlook \u2013<\/p>\n<p align=\"justify\">JERICHO, N.Y.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11716"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=11716"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11716\/revisions"}],"predecessor-version":[{"id":11747,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11716\/revisions\/11747"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=11716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=11716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=11716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}