EX-99.1 2 b413948_ex991.txt EX-99.1 EXHIBIT 99.1 Kimco Realty Corporation and Subsidiaries Computation of Ratio of Earnings to Fixed Charges For the three months ended March 31, 2006
Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $ 63,192,548 Add: Interest on indebtedness (excluding capitalized interest) 39,918,322 Amortization of debt related expenses 843,812 Portion of rents representative of the interest factor 1,631,086 --------------------- 105,585,768 Distributed income from equity investees 30,549,550 --------------------- Pretax earnings from continuing operations, as adjusted $ 136,135,318 ===================== Fixed charges - Interest on indebtedness (including capitalized interest) $ 44,438,532 Amortization of debt related expenses 472,873 Portion of rents representative of the interest factor 1,631,086 --------------------- Fixed charges $ 46,542,491 ===================== Ratio of earnings to fixed charges 2.9 =====================
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, 2006
Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees $ 63,192,548 Add: Interest on indebtedness (excluding capitalized interest) 39,918,322 Amortization of debt related expenses 843,812 Portion of rents representative of the interest factor 1,631,086 --------------------- 105,585,768 Distributed income from equity investees 30,549,550 --------------------- Pretax earnings from continuing operations, as adjusted $ 136,135,318 ===================== Combined fixed charges and preferred stock dividends - Interest on indebtedness (including capitalized interest) $ 44,438,532 Preferred dividend factor 3,008,961 Amortization of debt related expenses 472,873 Portion of rents representative of the interest factor 1,631,086 --------------------- Combined fixed charges and preferred stock dividends $ 49,551,452 ===================== Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends 2.7 =====================