EX-12.1 2 exh12_1.htm Exhibit 12.1

Exhibit 12.1


Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the three months ended, March 31, 2011


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

$

17,387,598

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

55,122,029

   Amortization of debt related expenses

 

2,263,645

   Portion of rents representative of the interest factor

 

1,937,731

 

 

76,711,003

 

 

 

Distributed income from equity investees

 

29,743,281

 

 

 

       Pretax earnings from continuing operations, as adjusted

$

106,454,284

 

 

 

 

 

 

Fixed charges -

 

 

   Interest on indebtedness (including capitalized interest)

$

57,857,293

   Amortization of debt related expenses

 

1,167,481

   Portion of rents representative of the interest factor

 

1,937,731

 

 

 

        Fixed charges

$

60,962,505

 

 

 

Ratio of earnings to fixed charges

 

1.75