EX-99.1 2 b409795ex99_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, 2005 Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $171,339,128 Add: Interest on indebtedness (excluding capitalized interest) 92,154,336 Amortization of debt related expenses 2,574,557 Portion of rents representative of the interest factor 4,177,235 ------------ 270,245,256 Distributed income from equity investees 87,543,942 ------------ Pretax earnings from continuing operations, as adjusted $357,789,198 ============ Fixed charges - Interest on indebtedness (including capitalized interest) $100,711,040 Amortization of debt related expenses 1,702,089 Portion of rents representative of the interest factor 4,177,235 ------------ Fixed charges $106,590,364 ============ Ratio of earnings to fixed charges 3.4 ============
EXHIBIT 99.1 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, 2005 Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $171,339,128 Add: Interest on indebtedness (excluding capitalized interest) 92,154,336 Amortization of debt related expenses 2,574,557 Portion of rents representative of the interest factor 4,177,235 ------------ 270,245,256 Distributed income from equity investees 87,543,942 ------------ Pretax earnings from continuing operations, as adjusted $357,789,198 ============ Combined fixed charges and preferred stock dividends - Interest on indebtedness (including capitalized interest) $100,711,040 Preferred dividend factor 9,193,516 Amortization of debt related expenses 1,702,089 Portion of rents representative of the interest factor 4,177,235 ------------ Combined fixed charges and preferred stock dividends $115,783,880 ============ Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends 3.1 ============