Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Restricted Stock Under the Plans

Information with respect to restricted stock under the Plans for the six months ended June 30, 2025 and 2024 is as follows:


	2025			2024
Restricted stock outstanding as of January 1,		2,745,884			2,746,116
Granted (1)		716,070			872,150
Vested		(891,336	)		(693,282	)
Forfeited		(6,630	)		(20,710	)
Restricted stock outstanding as of June 30,		2,563,988			2,904,274

(1)

The weighted-average grant date fair value for restricted stock issued during the six months ended June 30, 2025 and 2024 was $20.08 and $19.47, respectively.

Summary of Performance Share Awards Under the Plans

Information with respect to performance share awards under the Plans for the six months ended June 30, 2025 and 2024 is as follows:


	2025		2024
Performance share awards outstanding as of January 1,		908,890		989,860
Granted (1)		264,970		377,690
Vested		-		(458,660	)
Performance share awards outstanding as of June 30,		1,173,860		908,890

(1)

The weighted-average grant date fair value for performance shares issued during the six months ended June 30, 2025 and 2024 was $18.84 and $18.14, respectively.

Performance Shares [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Aggregate Grant-date Fair Value of Using Monte Carlo Simulations Based on Significant Assumptions

The significant assumptions underlying the determination of fair values using Monte Carlo simulations for the performance share awards granted during the six months ended June 30, 2025 and 2024 were as follows:


	2025			2024
Stock price	$	19.98		$	19.53
Dividend yield (1)		-			-
Risk-free interest rate		3.52	%		4.39	%
Volatility (2)		26.07	%		28.85	%
Term of the award (years)		2.67			2.87

(1)

Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero percent dividend yield is utilized.

(2)

Volatility is based on the annualized standard deviation of the daily logarithmic returns on dividend-adjusted closing prices over the look-back period based on the term of the award.

Performance Based LTIP Units [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Performance Share Awards Under the Plans

Information with respect to Performance-Based LTIP Units under the Plans for the six months ended June 30, 2025 and 2024 is as follows:


	2025		2024
Performance-Based LTIP unit awards outstanding as of January 1,		474,611		-
Granted (1)		601,750		474,611
Performance-Based LTIP unit awards outstanding as of June 30,		1,076,361		474,611

(1)

The weighted-average grant date fair value for Performance-Based LTIP Units issued during the six months ended June 30, 2025 and 2024 was $9.42 and $9.07, respectively.

Summary of Aggregate Grant-date Fair Value of Using Monte Carlo Simulations Based on Significant Assumptions

The significant assumptions underlying the determination of fair values using Monte Carlo simulations for the Performance-Based LTIP Units granted during the six months ended June 30, 2025 and 2024 were as follows:


	2025			2024
Stock price	$	19.98		$	19.53
Dividend yield (1)		-			-
Risk-free interest rate		3.52	%		4.39	%
Volatility (2)		26.07	%		28.85	%
Term of the award (years)		2.67			2.87

(1)

Total Shareholder Returns, as used in the Performance-Based LTIP Unit computation, are measured based on cumulative dividend stock prices, as such a zero percent dividend yield is utilized.

(2)

Volatility is based on the annualized standard deviation of the daily logarithmic returns on dividend-adjusted closing prices over the look-back period based on the term of the award.

Time Based LTIP Units [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Performance Share Awards Under the Plans

Information with respect to Time-Based LTIP Units awards with time-based vesting requirements under the Plans for the six months ended June 30, 2025 and 2024 is as follows:


	2025			2024
Time-Based LTIP unit awards outstanding as of January 1,		120,700			-
Granted (1)		370,780			120,700
Vested		(48,772	)		-
Time-Based LTIP unit awards outstanding as of June 30,		442,708			120,700

(1)

The weighted-average grant date fair value for Time-Based LTIP Units issued during the six months ended June 30, 2025 and 2024 was $20.08 and $19.47, respectively.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

KIMCO REALTY CORP 10-Q