EX-99.1 2 b407097_ex99-1.txt CALCULATION OF RATIO OF EARNINGS EXHIBIT 99.1 Kimco Realty Corporation and Subsidiaries Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends For the three months ended March 31, 2005
Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $ 54,869,587 Add: Interest on indebtedness (excluding capitalized interest) 28,505,203 Amortization of debt related expenses 834,231 Portion of rents representative of the interest factor 1,261,487 ------------ 85,470,508 Distributed income from equity investees 33,815,457 ------------ Pretax earnings from continuing operations, as adjusted $119,285,965 ============ Combined fixed charges and preferred stock dividends - Interest on indebtedness (including capitalized interest) $ 30,952,516 Preferred stock dividends 2,909,375 Amortization of debt related expenses 543,976 Portion of rents representative of the interest factor 1,261,487 ------------ Combined fixed charges and preferred stock dividends $ 35,667,354 ============ Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends 3.3 ============
EXHIBIT 99.1 Kimco Realty Corporation and Subsidiaries Computation of Ratio of Earnings to Fixed Charges For the three months ended March 31, 2005
Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $ 54,869,587 Add: Interest on indebtedness (excluding capitalized interest) 28,505,203 Amortization of debt related expenses 834,231 Portion of rents representative of the interest factor 1,261,487 ------------ 85,470,508 Distributed income from equity investees 33,815,457 ------------ Pretax earnings from continuing operations, as adjusted $119,285,965 ============ Fixed charges - Interest on indebtedness (including capitalized interest) $ 30,952,516 Amortization of debt related expenses 543,976 Portion of rents representative of the interest factor 1,261,487 ------------ Fixed charges $ 32,757,979 ============ Ratio of earnings to fixed charges 3.6 ============