EX-12.1 2 exh12_1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1

Exhibit 12.1

 

 

 

 

Kimco Realty Corporation and Subsidiaries

 

Computation of Ratio of Earnings to Fixed Charges

 

For the six months ended June 30, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax earnings from continuing operations before adjustment for

 

 

  minority interests or income loss from equity investees

 $  125,974,497 

 

 

 

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

107,814,431 

 

   Amortization of debt related expenses

2,617,889 

 

   Portion of rents representative of the

     interest factor

3,825,601 

 

 

 

240,232,418 

 

 

 

 

 

Distributed income from equity investees

123,354,662 

 

 

 

 

 

       Pretax earnings from continuing operations, as adjusted

 $  363,587,080 

 

 

 

 

 

 

 

 

 

Fixed charges -

   Interest on indebtedness (including capitalized interest)

 $  122,225,471 

 

   Amortization of debt related expenses

1,216,450 

 

   Portion of rents representative of the

     interest factor

3,825,601 

 

 

 

 

        Fixed charges

 $  127,267,522 

 

 

 

 

 

Ratio of earnings to fixed charges

2.9