EX-12.1 2 exh12_01.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 year ended December 31, 2009


Pretax loss from continuing operations before adjustment for

 

 

  noncontrolling interests or income loss from equity investees

$

(55,650,962)

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

209,678,956 

   Amortization of debt related expenses

 

7,742,739 

   Portion of rents representative of the

 

 

     interest factor

 

7,886,099 

 

 

169,656,832 

 

 

 

Distributed income from equity investees

 

136,697,229 

 

 

 

       Pretax earnings from continuing operations, as adjusted

$

306,354,061 

 

 

 

 

 

 

Fixed charges -

 

 

   Interest on indebtedness (including capitalized interest)

$

231,143,601 

   Amortization of debt related expenses

 

4,069,225 

   Portion of rents representative of the

 

 

     interest factor

 

7,886,099 

 

 

 

        Fixed charges

$

243,098,925 

 

 

 

Ratio of earnings to fixed charges

 

1.26 




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