EX-12.1 2 exh12_1.htm COMPUTATION OF RATIO OF EARNINGS (FC)

Exhibit 12.1

 

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the six months ended June 30, 2007

 

 

Pretax earnings from continuing operations before adjustment for

 

 

 

 

minority interests or income loss from equity investees

 

$

70,775,078

 

 

 

 

 

 

Add:

 

 

 

 

Interest on indebtedness (excluding capitalized interest)

 

 

100,524,526

 

Amortization of debt related expenses

 

 

264,263

 

Portion of rents representative of the

 

 

 

 

interest factor

 

 

3,614,504

 

 

 

 

175,178,371

 

Distributed income from equity investees

 

 

239,416,641

 

 

 

 

 

 

Pretax earnings from continuing operations, as adjusted

 

$

414,595,012

 

 

 

 

 

 

Fixed charges —

 

 

 

 

Interest on indebtedness (including capitalized interest)

 

$

112,907,938

 

Amortization of debt related expenses

 

 

(808,779

)

Portion of rents representative of the

 

 

 

 

interest factor

 

 

3,614,504

 

 

 

 

 

 

Fixed charges

 

$

115,713,663

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

3.6