EX-99.1 3 b330018ex99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 Kimco Realty Corporation and Subsidiaries Computation of Ratio of Earnings to Fixed Charges For the nine months ended September 30, 2003 Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $ 159,558,581 Add: Interest on indebtedness 71,995,707 Amortization of debt related expenses 3,271,806 Portion of rents representative of the interest factor 3,745,694 -------------- 238,571,788 Distributed income from equity investees 30,328,318 -------------- Pretax earnings from continuing operations, as adjusted $268,900,106 ============== Fixed charges - Interest on indebtedness $78,293,548 Amortization of debt related expenses 2,698,593 Portion of rents representative of the interest factor 3,745,694 -------------- Fixed charges $84,737,835 ============== Ratio of earnings to fixed charges 3.2 ==============
Kimco Realty Corporation and Subsidiaries Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends For the nine months ended September 30, 2003 Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $ 159,558,581 Add: Interest on indebtedness (excluding capitalized interest) 71,995,707 Amortization of debt related expenses 3,271,806 Portion of rents representative of the interest factor 3,745,694 -------------- 238,571,788 Distributed income from equity investees 30,328,318 -------------- Pretax earnings from continuing operations, as adjusted $268,900,106 ============== Combined fixed charges and preferred stock dividends - Interest on indebtedness $78,293,548 Preferred stock dividends 11,759,323 Amortization of debt related expenses 2,698,593 Portion of rents representative of the interest factor 3,745,694 -------------- Combined fixed charges and preferred stock dividends $96,497,158 ============== Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends 2.8 ==============