EX-12.2 5 exh12_2.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Exhibit 12.2

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, 2008


Pretax earnings from continuing operations before adjustment for

 

 

  minority interests or income loss from equity investees

$

47,418,852

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

213,156,103

   Amortization of debt related expenses

 

5,160,325

   Portion of rents representative of the

 

 

     interest factor

 

7,740,485

 

 

273,475,765

 

 

 

Distributed income from equity investees

 

261,993,161

 

 

 

       Pretax earnings from continuing operations, as adjusted

$

535,468,926

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends -

 

 

   Interest on indebtedness (including capitalized interest)

$

241,850,328

   Preferred dividend factor

 

47,287,500

   Amortization of debt related expenses

 

2,163,271

   Portion of rents representative of the

 

 

     interest factor

 

7,740,485

 

 

 

        Combined fixed charges and preferred stock dividends

$

299,041,584

 

 

 

Ratio of Earnings to Combined Fixed Charges

 

 

   and Preferred Stock Dividends

 

1.8




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