EX-12 3 exh12_2.htm 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 six months ended June 30, 2010




Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees

$

46,089,890

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

119,360,413

   Amortization of debt related expenses

 

3,375,635

   Portion of rents representative of the interest factor

 

4,183,173

 

 

173,009,111

 

 

 

Distributed income from equity investees

 

64,163,815

 

 

 

       Pretax earnings from continuing operations, as adjusted

$

237,172,926

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends -

 

 

   Interest on indebtedness (including capitalized interest)

$

127,916,357

   Preferred dividend factor

 

23,643,750

   Amortization of debt related expenses

 

1,340,184

   Portion of rents representative of the interest factor

 

4,183,173

 

 

 

        Combined fixed charges and preferred stock dividends

$

157,083,464

 

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

 

1.51