EX-12.1 5 exh12_1.htm Exhibit 12.1


Exhibit 12.1

 

Kimco Realty Corporation and Subsidiaries

 

Computation of Ratio of Earnings to Fixed Charges

 

For the nine months ended September 30, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax earnings from continuing operations before adjustment for

 

 

  minority interests or income loss from equity investees

 $ 155,135,741 

 

 

 

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

160,639,331 

 

   Amortization of debt related expenses

3,935,452 

 

   Portion of rents representative of the

     interest factor

5,772,057 

 

 

 

325,482,581 

 

 

 

 

 

Distributed income from equity investees

208,043,861 

 

 

 

 

 

       Pretax earnings from continuing operations, as adjusted

 $ 533,526,442 

 

 

 

 

 

 

 

 

 

Fixed charges -

   Interest on indebtedness (including capitalized interest)

 $ 182,918,966 

 

   Amortization of debt related expenses

1,762,344 

 

   Portion of rents representative of the

     interest factor

5,772,057 

 

 

 

 

        Fixed charges

 $ 190,453,367 

 

 

 

 

 

Ratio of earnings to fixed charges

2.8