EX-12.2 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, 2011



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

$

 46,870,319

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

110,466,338

   Amortization of debt related expenses

 

4,523,304

   Portion of rents representative of the interest factor

 

4,289,396

 

 

166,149,357

 

 

 

Distributed income from equity investees

 

57,134,176

 

 

 

       Pretax earnings from continuing operations, as adjusted

$

 223,283,533

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends -

 

 

   Interest on indebtedness (including capitalized interest)

$

 115,617,409

   Preferred dividend factor

 

33,423,164

   Amortization of debt related expenses

 

2,313,442

   Portion of rents representative of the interest factor

 

4,289,396

 

 

 

        Combined fixed charges and preferred stock dividends

$

 155,643,411

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

1.43