EX-12.2 6 exh12_2.htm COMPUTATION OF RATIO EARNINGS (COMBINED) Exhibit 12

Exhibit 12.2

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

For the year ended December 31, 2007



Pretax earnings from continuing operations before adjustment for

 

 

  minority interests or income loss from equity investees

 

$    120,257,216 

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

214,432,386 

   Amortization of debt related expenses

 

3,381,997 

   Portion of rents representative of the

 

 

     interest factor

 

7,182,492 

 

 

345,254,091 

 

 

 

Distributed income from equity investees

 

403,031,792 

 

 

 

       Pretax earnings from continuing operations, as adjusted

 

$    748,285,883 

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends -

 

 

   Interest on indebtedness (including capitalized interest)

 

$    239,937,825 

   Preferred dividend factor

 

19,658,750 

   Amortization of debt related expenses

 

1,070,833 

   Portion of rents representative of the

 

 

     interest factor

 

7,182,492 

 

 

 

        Combined fixed charges and preferred stock dividends

 

$    267,849,900 

 

 

 

Ratio of Earnings to Combined Fixed Charges

 

 

   and Preferred Stock Dividends

 

2.8 




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